Saudi Arabia’s industrial sector to benefit from agreement between the Ministry of Industry, Digital Government

Saudi Arabia’s industrial sector to benefit from agreement between the Ministry of Industry, Digital Government
The agreement was signed by the Undersecretary of the MIMR for digital transformation, Muhammad bin Muhanna Al-Muhanna, and the Deputy Governor of the Digital Government Authority for Business and Digital Transformation, Yasser bin Faleh Al-Shammari (SPA)
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Updated 30 January 2023

Saudi Arabia’s industrial sector to benefit from agreement between the Ministry of Industry, Digital Government

Saudi Arabia’s industrial sector to benefit from agreement between the Ministry of Industry, Digital Government

RIYADH: Saudi Arabia's industrial sector is set to see closer integration of its digital platforms and the development of new online products thanks to an agreement between the Ministry of Industry and Mineral Resources and the Digital Government Authority.

Under the deal, the MIMR will provide advisory support regarding decisions and regulations related to digital transformation and digital government work in order to enable the ministry to activate all industrial sector services, according to the Saudi Press Agency.

Moreover, the Digital Government Authority will also be transferring knowledge and experience in the field of digital transformation, as we all offer help to implement and complete pending works.

The agreement was signed by the Undersecretary of the MIMR for digital transformation, Muhammad bin Muhanna Al-Muhanna, and the Deputy Governor of the Digital Government Authority for Business and Digital Transformation, Yasser bin Faleh Al-Shammari.

Also present at the signing were the Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, and the Governor of the Digital Government Authority, Ahmed bin Muhammad Al-Soyan.

The new agreement will also back the digital transformation plan for the industrial sector by activating the concept of comprehensive government, developing the customer experience journey, and offering joint digital products that cater to the sector.

The new agreement is projected to contribute to improving the experience of beneficiaries and investors in the industrial sector as well as raise the efficiency of spending on digital businesses.

As worldwide business leaders integrate automation and digitalization into their strategies, the Kingdom has been calling for local initiatives to drive digital transformation into its economy. 

As the world adopted digital strategies after the pandemic saw a shift in how people interacted, Saudi Arabia worked to establish a framework for digital transformation in sectors including finance, commerce, logistics and information technology. 

A three-phase action plan, the Smart Government Strategy which aims to create a new seamless government experience for beneficiaries by 2024, is now in its final stage.


Saudi Arabia, Syria in talks to resume consular services: Al-Ekhbariya TV

Saudi Arabia, Syria in talks to resume consular services: Al-Ekhbariya TV
Updated 1 min 59 sec ago

Saudi Arabia, Syria in talks to resume consular services: Al-Ekhbariya TV

Saudi Arabia, Syria in talks to resume consular services: Al-Ekhbariya TV

RIYADH: Saudi Arabia and Syria are in talks to resume consular services between the two countries, Al-Ekhbariya TV said on Thursday.

“A discussion is underway between officials in the Kingdom and their counterparts in Syria about resuming the provision of consular services,” the TV channel reported, citing a Saudi foreign ministry official.

More to follow...


Fed comments, US crude stock build hit oil market

Fed comments, US crude stock build hit oil market
Updated 22 min 16 sec ago

Fed comments, US crude stock build hit oil market

Fed comments, US crude stock build hit oil market

LONDON: Oil prices dipped on Thursday, having hit their lowest since late 2021 earlier this week, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while US crude stockpiles swelled.

Brent crude futures were down 54 cents, or 0.7 percent, to $76.15 a barrel at 0929 GMT, while US West Texas Intermediate crude dropped 62 cents, or 0.9%, to $70.28.

Powell said on Wednesday that banking industry stress could trigger a credit crunch, with “significant” implications for an economy that US central bank officials projected would slow even more this year than previously thought.

HIGHLIGHTS

Goldman Sachs said on Thursday that demand from China continued to surge across the commodity complex, with oil demand topping 16 million barrels per day.

The bank forecast Brent to reach $97 a barrel in the second quarter of 2024.

US crude oil stockpiles rose unexpectedly last week to their highest in nearly two years, latest data from the Energy Information Administration showed.

Crude inventories rose in the week to March 17 by 1.1 million barrels to 481.2 million barrels, the highest since May 2021. Analysts in a Reuters poll had expected a 1.6-million-barrel drop.

The dollar slid to a seven-week low against a basket of other currencies, providing a price floor for oil as a weaker greenback makes oil cheaper for holders of other currencies.

Also supportive, Goldman Sachs said on Thursday that demand from China, the world’s biggest oil importer, continued to surge across the commodity complex, with oil demand topping 16 million barrels per day.

The bank forecast Brent to reach $97 a barrel in the second quarter of 2024.


Kuwait’s Al-Najat Charity distributes iftar meals to Syrian refugees in Lebanon

Kuwait’s Al-Najat Charity distributes iftar meals to Syrian refugees in Lebanon
Updated 37 min 11 sec ago

Kuwait’s Al-Najat Charity distributes iftar meals to Syrian refugees in Lebanon

Kuwait’s Al-Najat Charity distributes iftar meals to Syrian refugees in Lebanon
  • Charity delegation joins refugees in Arsal to welcome Ramadan and hold Taraweeh prayers

BEIRUT: Kuwait’s Al-Najat Charity has celebrated the advent of Ramadan by distributing iftar meals among Syrian refugees in camps near the border in northeastern Lebanon, Kuwait News Agency reported.
The charity’s public relations officer, Tarek Al-Essa, said a delegation joined refugees in Arsal to welcome Ramadan and hold Taraweeh prayers.
A mobile kitchen prepared breakfast as part of the “One Million Fasting Meals” campaign, which includes Lebanon and other countries.
Food baskets were also distributed to camps in the region.
Al-Essa highlighted the charity’s keenness to support the refugees, especially during the holy month, which represents “mercy, goodness and giving.”


What We’re Reading Today: Invention and Innovation

What We’re Reading Today: Invention and Innovation
Updated 42 min 16 sec ago

What We’re Reading Today: Invention and Innovation

What We’re Reading Today: Invention and Innovation

Author: Vaclav Smil

The world is never finished catching up with Vaclav Smil. In his latest and perhaps most readable book, “Invention and Innovation,” the prolific author — a favorite of Bill Gates — pens an insightful and fact-filled jaunt through the history of human invention, says a review published on Goodreads.com.
Impatient with the hype that so often accompanies innovation, Smil offers in this book a clear-eyed corrective to the overpromises that accompany everything from new cures for diseases to AI.
Drawing on his vast knowledge, Smil explains the difference between invention and innovation.


‘Dubai Collection Nights’ puts the focus on art events

‘Dubai Collection Nights’ puts the focus on art events
Updated 11 min 26 sec ago

‘Dubai Collection Nights’ puts the focus on art events

‘Dubai Collection Nights’ puts the focus on art events
  • Week-long initiative promises panel discussions, film screenings, visits to private collections, studios

DUBAI: The Dubai Collection has announced the launch of a week-long series of art events set to take place from March 25-31, the Emirates News Agency has reported.

The inaugural edition of “Dubai Collection Nights” will include panel discussions on institution building and collecting by influential art professionals, film screenings, unique opportunities to visit patrons’ private collections, and studio visits by acclaimed UAE-based artists.

It will provide insight into A.R.M. Holding’s corporate collection, illustrating how companies are increasingly becoming a part of Dubai’s creative landscape. 

The Dubai Collection is an initiative that aims to provide the public with a chance to explore important artworks, while also encouraging a new, long-term collecting culture in the emirate.

Muna Faisal Al Gurg, chair of the Dubai Collection’s Curatorial Committee, said: “Our new initiative, ‘Dubai Collection Nights,’ underscores Dubai Collection’s mission to build a community of committed patrons of the arts and ignite creativity across the city.

“It is created to offer a new platform for local audiences to explore the stories in the collection and connect our communities of artists, collectors, and art professionals.”

Benedetta Ghione, executive director of Art Dubai, said: “‘Dubai Collection Nights’ is the first dedicated initiative that will bring together the wider Dubai Collection community in the city for the first time.

“The lineup of activities is an important opportunity for our local audiences to see the collection and connect with Dubai-based artists and patrons.

“Talks and debates will bring to the fore the voices of professionals and collectors committed to changing the landscape of institutional collecting, whilst every day during the week-long event there will be an opportunity for the public to see artworks and learn more about the collection.”