Saudi edtech startup YaSchools poised to transform Jordan’s education landscape 

Saudi edtech startup YaSchools poised to transform Jordan’s education landscape 
In just two years, YaSchools has amassed over 100,000 registered customers on its platform, recording more than 5 million visits in the past 12 months. (Supplied)
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Updated 28 August 2023
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Saudi edtech startup YaSchools poised to transform Jordan’s education landscape 

Saudi edtech startup YaSchools poised to transform Jordan’s education landscape 
  • Saudi-based company leverages insights in digital education solutions

CAIRO: Saudi startups are making a profound impact on the Gulf’s business environment, with companies spanning diverse sectors expanding their influence beyond local boundaries to elevate the regional ecosystem.  

YaSchools, a Saudi-based educational technology startup, is leading the charge by meticulously planning its entry into the Jordanian market, leveraging its insights into the untapped potential and surging demand for digital education solutions within the country. 

In an interview with Arab News, Mohamed Zohair, CEO and founder of YaSchools, revealed that the company is gearing up to commence full operations in Jordan by the last quarter of this year. 

“We have completed the basic required steps with our local partner in the Jordanian market, and we are currently seeking to secure the necessary approvals to start our business there,” Zohair added.  

The company is positioning itself as a trailblazer in Jordan’s emerging tech landscape, capitalizing on the country’s ongoing educational advancements.  

“The Jordanian market is very interested in education, and on the other hand, financial services have developed a lot in the past period, So, presenting YaSchools in the Jordanian market as a pioneer service provider will add a lot to the growth of YaSchools and will help in achieving our strategic goals,” Zohair said.  

In the ever-changing landscape of education, YaSchools serves as a lynchpin, offering tailored solutions to each stakeholder in the educational ecosystem, Zohair explained.  

For parents, YaSchools serves as more than an informational hub — it stands as a financial ally. Beyond offering school insights, the platform equips families with flexible tuition payment plans spread over 12 months, coupled with exclusive tuition discounts. Moreover, it facilitates access to qualified private tutors, ensuring personalized academic support for their children. 

For educational institutions, YaSchools functions as a digital extension of their administrative efforts, providing a suite of innovative products that empower schools to foster more meaningful interactions with parents, streamline financial management, and seamlessly integrate with existing internal systems. 

“For teachers, we provide them with a full profile page that contains all the professional information and academic achievements that they have obtained. It is also possible to view the job opportunities available in schools and apply for them directly,” Zohair said.  

Corporations, both governmental and private, can also benefit from YaSchools’ offerings, “we offer their employees discounts on tuition fees, while facilitating their instalments without the need to visit the school or the bank,” Zohair explained.  

“Simply the services that YaSchools currently provides puts it in a leading position in the Saudi market,” he added.  

In just two years of operations, the company has already amassed over 100,000 registered customers on its platform, recording more than 5 million visits in the past 12 months. Looking forward, YaSchools aims to onboard around 200 schools from Jordan and attract over 5,000 parents by the end of the year. 

“The platform currently has more than 92,000 registered parents, and the number is increasing all the time. We expect this number will exceed 110,000 by the end of this year,” Zohair stated.  

While YaSchools is considering the prospect of setting up an office in Jordan, it currently plans to operate through its local agent’s office in Amman. Additionally, Zohair mentioned that the company will soon make another announcement concerning its expansion plans in the second half of 2024. 

Elaborating on YaSchools’ long-term objectives, the CEO emphasized the company’s ambition to establish itself as the go-to platform for parents making educational decisions for their children.  

Zohair highlighted that their offerings extend beyond schooling and encompass areas like ongoing development, sports training, entertainment, psychological and health care.  

Regarding the Saudi market, the company is actively pursuing strategic partnerships with government institutions to enhance the overall customer experience, Zohair revealed. 

“The Saudi market in general is an excellent market, and the current period is more mature than before, especially with the unprecedented support in digital transformation, financial services, and accompanying legislation and regulations,” Zohair said.  




Mohamed Zohair, CEO of YaSchools

At the core of its philosophy, the company asserts that the evolution of the learning process is multi-faceted, Zohair explained.  

“It not only hinges on augmenting student knowledge and skills but also on elevating the educational infrastructure, particularly the human resources who interact with students daily,” he added   

On the other hand, he said artificial intelligence technologies are an ongoing journey that the company is currently working on the platform to develop several services.  

“We are also working on developing a product that will help the management of education companies in hiring the best cadres for their companies through a matchmaking mechanism between job requirements and available jobs,” he added.  

The company’s business model operates on a commission-fee basis, but Zohair stated: “We are still working on developing the best business model.”  

It currently generates direct revenues from facilitating parents’ financing of tuition fees, in addition to other revenues from enhancing the digital presence of educational companies.  

YaSchools raised $600,000 in a seed funding round in August, receiving support from angel investors. Looking ahead, Zohair underlined the company’s need for additional capital to drive its expansion plans. 

“We seek to raise $2 million for pre-series A round, and we plan to finish this round early next year. The investment plan will target collecting this money from venture capitals,” he concluded. 


Flydubai says expansion plans have been hindered by Boeing delays

Flydubai says expansion plans have been hindered by Boeing delays
Updated 22 July 2024
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Flydubai says expansion plans have been hindered by Boeing delays

Flydubai says expansion plans have been hindered by Boeing delays

DUBAI: Budget carrier flydubai’s fleet expansion plans have been hit by delays to Boeing’s aircraft delivery schedule, the Dubai airline said on Monday.
Flydubai said it is “evaluating its route development plans and potential frequency revision across the network due to a lack of new aircraft deliveries over the next few months.”
The statement added that Boeing’s delivery delays in recent years have placed substantial pressure on the airline and its ability to plan for its projected growth in the wake of strong post-pandemic demand for travel.


Saudi Arabia, Egypt to boost energy cooperation after high-level meeting

Saudi Arabia, Egypt to boost energy cooperation after high-level meeting
Updated 22 July 2024
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Saudi Arabia, Egypt to boost energy cooperation after high-level meeting

Saudi Arabia, Egypt to boost energy cooperation after high-level meeting
  • Ministers discussed various aspects of cooperation between the two countries

RIYADH: Saudi Arabia and Egypt are set to boost energy cooperation following a meeting between top officials to expand ties in petroleum, gas, electricity, renewable energy, and hydrogen. 
On July 21, Saudi Minister of Energy Prince Abdulaziz bin Salman met with Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and Minister of Electricity and Renewable Energy Mahmoud Esmat at his ministry’s headquarters in Riyadh. 
During the meeting, the ministers discussed various aspects of cooperation between the two countries, aiming to align their efforts with the shared visions of their leaderships and the ambitions of their peoples, according to a statement from the Saudi Energy Ministry. 


National Housing Co. partners with Korean firm Naver to boost smart city solutions in the Kingdom  

National Housing Co. partners with Korean firm Naver to boost smart city solutions in the Kingdom  
Updated 9 min 14 sec ago
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National Housing Co. partners with Korean firm Naver to boost smart city solutions in the Kingdom  

National Housing Co. partners with Korean firm Naver to boost smart city solutions in the Kingdom  

RIYADH: The Saudi real estate sector is set to embrace advanced technologies after the National Housing Co. partnered with Korean tech firm Naver Corp. to enhance smart city solutions. 

The collaboration, formalized in the presence of Housing Minister Majid Al-Hogail, aims to integrate Digital Twin technology, utilizing Naver’s advanced cloud system.  

The technology mirrors real-world entities in a virtual environment, supporting real-time decision-making through data analysis, prediction, and optimization. It will be cloud-based, with a focus on three-dimensional digital modeling. 

This move aligns with Saudi Arabia’s Vision 2030 goals, aiming to use this technology for urban planning and flood predictions while advancing smart city development.

The integration of Digital Twin technology is part of the Kingdom’s broader strategy to modernize its real estate sector and adopt cutting-edge solutions to enhance urban management and infrastructure efficiency. 

Minister Al-Hogail highlighted the significance of this partnership, stating on X that the deal opens the doors for innovation in digital solutions.

“Together, we achieve strategic visions for the municipalities and housing sectors in our relentless pursuit of sustainable smart cities,” he said.

This deal builds on Naver’s initial entry into the Middle East and Saudi markets in 2023 by establishing a contract with the ministries of investment and housing to use their systems.

The ambitious roadmap also includes amalgamating advanced technologies such as AI, robotics, and cloud solutions. 

The company emphasized the platform’s open-ended architecture, fostering collaborations with local Saudi and South Korean entities.

Abdullah Al-Ghamdi, the president of the Saudi Data and Artificial Intelligence Authority, visited the firm’s site in May, denoting the establishment’s long-standing relationship with the Kingdom.

During the meeting, potential collaborations between the two entities were discussed, as SDAIA is responsible for strategy, research, and development in the AI, data, and smart city sectors in Saudi Arabia. 

Officials from other major Saudi institutions, including the Ministry of Communications and Information Technology, the National Information Center, and the National Data Management Office, have also paid visits to the site to experience the company’s technological advancements and discuss collaborative opportunities, a release on the Korean entity’s website revealed.

This comes after Naver became part of the “One Team Korea” consortium in November 2022. The partnership sought to secure Saudi projects under the patronage of South Korea’s Ministry of Land, Infrastructure, and Transport.


Oil Updates – prices rise as investors look for signs US rate cuts to begin

Oil Updates – prices rise as investors look for signs US rate cuts to begin
Updated 22 July 2024
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Oil Updates – prices rise as investors look for signs US rate cuts to begin

Oil Updates – prices rise as investors look for signs US rate cuts to begin

TOKYO: Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September, according to Reuters.

Brent crude prices were up 48 cents, or 0.57 percent, at $83.10 a barrel by 2:35 a.m. Saudi time, and US West Texas Intermediate crude futures rose 42 cents, or 0.52 percent, to $80.55.

“Since the June FOMC meeting, inflation and labor market data have signalled that disinflation and labor market rebalancing are in place, which we expect will allow the Fed to begin its interest rate cutting cycle in September,” ANZ Research said in a note.

The US Federal Reserve will next hold a Federal Open Market Committee meeting on interest rates on July 30-31, at which investors expect the Fed to keep the rates unchanged, while looking for any signal of a cut coming later in the year.

On the political front, US President Joe Biden abandoned his reelection bid on Sunday under pressure from fellow Democrats and endorsed Vice President Kamala Harris as the party’s candidate to face Republican Donald Trump in November.

Slower-than-expected economic growth of 4.7 percent for China in the second quarter sparked concerns last week over the country’s demand for oil and continues to weigh on prices.

On Sunday, China released a policy document outlining known ambitions, from developing advanced industries to improving the business environment, with analysts spotting no sign of imminent structural shifts in the world’s second-biggest economy.

The 60-point document’s publication follows last week’s closed-door meeting of the Communist Party’s Central Committee that takes place roughly every five years. 


Global AI Summit in Riyadh to host top-level discussions on AI impact 

Global AI Summit in Riyadh to host top-level discussions on AI impact 
Updated 22 July 2024
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Global AI Summit in Riyadh to host top-level discussions on AI impact 

Global AI Summit in Riyadh to host top-level discussions on AI impact 
  • The event, organized by the Saudi Data and AI Authority, will focus on one of today’s most pressing global issues — AI technology

RIYADH: Saudi Arabia will welcome economic policymakers, major technology and artificial intelligence companies, international thought leaders, and heads of international organizations to Riyadh this September as the Global AI Summit returns for its third edition.

The event, organized by the Saudi Data and AI Authority, will focus on one of today’s most pressing global issues — AI technology — and will attempt to find solutions that “maximize the potential of these transformative technologies for the benefit of humanity,” a statement released Sunday said.

The third edition of the event will be held at the King Abdulaziz International Conference Center from Sept. 10 to 12 under the patronage of Saudi Crown Prince Mohammed bin Salman in his capacity as chairman of the board of directors at SDAIA, the statement added.

The GAIN Summit will take place amid increasing concerns about the impact of AI technologies and will reaffirm the Kingdom’s commitment to supporting international efforts aimed at enhancing human welfare in the face of the challenges associated with developing technology.

GAIN 2024 will focus more on AI than its previous editions in 2020 and 2022, with topics including innovation in the sector, key developments shaping a better future for AI, and fostering a supportive environment for human resources in the field.

Other topics include AI at local and global levels, the complementary relationship between humans and AI, business leaders in AI, the relationship between data and applications, GenAI, AI ethics, AI processors and infrastructure, and AI and smart cities.