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Unlock the learning power of TikTok with #LearnOnTikTok!
TikTok is a multifaceted platform, where entertainment and knowledge converge, offering a boundless array of content that captivates and teaches simultaneously. With the #LearnOnTikTok movement, there’s a whole wide world of education on this vibrant platform, which is at your fingertips to help you expand your knowledge and have a laugh at the same time.Since the #LearnOnTikTok community began during the pandemic in 2020, TikTok has revolutionized the way we acquire knowledge by infusing it with fun, entertainment, and bite-sized videos. It's like stepping into a virtual classroom where education meets fun — in short, it’s "edutainment" central. In this era where digital learning has truly come into its own, pooled together with TikTok's massive community of...
June 21, 2023

Unlock the learning power of TikTok with #LearnOnTikTok!

Elon Musk described his talks with Narendra Modi as excellent
Elon Musk says Tesla to come to India 'as soon as possible'
WASHINGTON — Tesla CEO Elon Musk has said the electric carmaker will be in India "as soon as humanly possible".His comments followed a meeting with Indian Prime Minister Narendra Modi, who is on a state visit to the US.The Indian government said it had invited Musk to explore investment opportunities in electric mobility and the commercial space sector.Musk said he was "trying to figure out the right timing" to make that happen.Modi's meeting with Musk, who also owns Twitter, came days after Twitter co-founder Jack Dorsey accused India of threatening to shut down the platform for not complying with its orders to take down content from the website.Dorsey's allegations, made in an interview with an independent news show, were strongly denied by the Indian...
June 21, 2023

Elon Musk says Tesla to come to India 'as soon as possible'

Dr. Abdullah Al Fozan, Chairman & CEO at KPMG in Saudi Arabia.
KPMG: Majority of CEOs remain confident of Saudi Arabia’s growth prospects
KPMG, a leading provider of audit, tax and advisory services in the Kingdom of Saudi Arabia, has unveiled their latest CEO Outlook, titled ‘Gearing up for growth and governance,’ which provides perspectives on the global and local business and economic landscape over the next three years.The insights are based on the perspectives of 1,325 CEOs from around the world, including 50 based in Saudi Arabia, and reveal CEOs still anticipate long-term global growth but are prepared to weather short-term geopolitical and economic challenges.Confidence in global economic growth over the next three years has rebounded from early 2022 to 71 percent. In Saudi Arabia, CEO confidence in global growth stands at 60 percent, while confidence in the Kingdom’s own growth prospects over the next three...
June 20, 2023

KPMG: Majority of CEOs remain confident of Saudi Arabia’s growth prospects

Ton Diemont, head of Cybersecurity & Data Privacy, KPMG Saudi Arabia.
KPMG: Financial entities to face penalties for violation of Saudi Personal Data Protection Law
RIYADH — Saudi Arabia’s Personal Data Protection Law (PDPL) will help protect the privacy of individuals and ensure that banks processing personal data are held accountable through a system of severe penalties, said Ton Diemont, head of Cybersecurity & Data Privacy, KPMG Saudi Arabia.More importantly, any bank or financial entity breaching PDPL regulations involving the collection, usage, transfer, or storage of personal data, whether intentional or not, risks reputational damage, he stated in the Banking Perspective 2023 report.Following a one-year compliance grace period, PDPL is now in place and coming into force on Sept. 14, 2023, with the enforcement deadline set for Sept. 14, 2024.The new law regulates the processing of personal data and applies to any entity that processes the...
June 20, 2023

KPMG: Financial entities to face penalties for violation of Saudi Personal Data Protection Law

The co-founder of InterGlobe Aviation and the bosses of Airbus and IndiGo after signing the record order at the Paris Airshow. — courtesy Reuters
Record aircraft purchase announced at Paris Airshow
PARIS — Indian carrier IndiGo has made a record order for 500 Airbus A320 aircraft — the largest single purchase agreement by any airline in commercial aviation history.The deal, announced on the first day of the Paris Airshow, is worth roughly $55 billion before any bulk-order discounts. IndiGo now has an order book of 1,330 aircraft with Airbus.This translates into a steady stream of deliveries planned between 2030 and 2035.The new deliveries will help budget carrier IndiGo lower its operating costs and improve fuel efficiency, the company said.India is a burgeoning aviation market, with some analysts saying it is on track to replace China as the aerospace industry's next growth frontier.The country is expected to be the fastest-growing G20 economy over the next few years and has...
June 19, 2023

Record aircraft purchase announced at Paris Airshow

Mozn partners with SIMAH to support kingdom’s efforts in fight against financial fraud
Mozn, a market leader in enterprise AI technologies, today announced it has entered a collaborative partnership with the Saudi Credit Bureau (SIMAH), to bolster the Kingdom’s financial sector and ensure that the ambitions of Vision 2030 are not hampered by the rise in financial crime.The partnership was formalized in a memorandum of understanding (MOU) in a special signing ceremony on 29 May. The MoU reflected a joint commitment by Mozn and SIMAH to build and nurture a robust, safe, secure financial ecosystem in the Kingdom of Saudi Arabia. Collaboration will focus on areas such as KYC (know your customer), credit assessment, and fraud prevention.“Saudi Arabia’s Vision 2030 calls for the building of a better society – a prosperous society – in which all citizens and residents of...
June 18, 2023

Mozn partners with SIMAH to support kingdom’s efforts in fight against financial fraud

Global Wealth Conference to drives economic growth with new US-Saudi $5 Billion MENA- focused megafund
The Global Wealth Conference (GWC), organized by the Sovereign Wealth Fund Institute (SWFI) in London, left a lasting impact on the investment landscape in the MENA region. The event witnessed the announcement of the $5 billion 'MEGAM' fund, a collaboration between US-based Patel Family Office and KSA’s Ajlan & Bros Holding, which aims to raise an impressive $20 billion by investing in the thriving MENA hospitality sector - a compelling proposition for global investors.This first-of-its-kind equity fund in the MENA region aims to transform both existing and emerging projects, foster sustainable growth and bolster the region’s tourism industry. The fund will allocate $3 billion for Saudi Arabia, $1 billion for Egypt, and $0.5 billion each for Morocco and Algeria.The GWC...
June 18, 2023

Global Wealth Conference to drives economic growth with new US-Saudi $5 Billion MENA- focused megafund

Alfanar largest single investor in record public-private partnership for social infrastructure in NEOM
Alfanar Global Development, a part of Alfanar Group, is investing SR10 billion into developing and operating temporary residential communities in NEOM. This project, awarded as part of a record SR21 billion public-private partnership (PPP) for social infrastructure, will house the growing workforce in different parts of the region, including Oxagon where the future of advanced and clean industries is currently being constructed. The project supports NEOM’s rapid transformation by designing, building, and operating five communities for the growing workforce across the northwestern region of Saudi Arabia.Since achieving financial closure with three major commercial banks - Riyad Bank, SAB, and Alinma Bank – Alfanar has made significant progress with the project's mobilization and...
June 18, 2023

Alfanar largest single investor in record public-private partnership for social infrastructure in NEOM

Foxconn chairman and CEO Young Liu
iPhone maker switching to cars as US-China ties sour
TAIPEI — iPhone maker Foxconn is betting big on electric cars and redrawing some of its supply chains as it navigates a new era of icy Washington-Beijing relations.In an exclusive interview, chairman and boss Young Liu told the BBC what the future may hold for the Taiwanese firm.He said even as Foxconn shifts some supply chains away from China, electric vehicles (EVs) are what will drive its growth in the coming decades.As US-China tensions soar, Liu said, Foxconn must prepare for the worst."We hope peace and stability will be something the leaders of these two countries will keep in mind," 67-year-old Liu said, in his offices in Taipei, Taiwan's capital."But as a business, as a CEO, I have to think about what if the worst case happens?"The scenarios could include...
June 16, 2023

iPhone maker switching to cars as US-China ties sour

stc, fully prepared to cater to pilgrims’ needs during Hajj 1444 Season
stc group, the engine of digital transformation in the region, has completed its technical, human, and logistic preparedness to serve the pilgrims in Makkah, Al Madina and the Holy Sites as part of the group’s provisions for this year’s Hajj season (1444).During the visit to the Hajj Operations Center and the Technical Support Center in Makkah region, Eng. Abdullah bin Amer Al-Swaha, the Minister of Communications and Information Technology and the Chairman of the Board Directors of the Saudi Space Commission, was escorted by Eng Olayan Alwetaid, stc Group CEO, c-suite executives, and officials from the group, to inspect and ensure preparedness.The delegation acknowledged the stc’s network, digital solutions and services brought to Makkah and the holy sites to serve pilgrims. The stc...
June 14, 2023

stc, fully prepared to cater to pilgrims’ needs during Hajj 1444 Season

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