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51 - 60 from 3224 . In "Opinion"
KSA banks' investment in FinTech: A path to the future
Any move by banks toward entering the FinTech space in KSA is considered positive, though each bank has its own strategy.This article focuses solely on banks' direct investments in FinTech startups, excluding any FinTech venture-building activities.It aims to shed light on the significant impact these investments have on the industry, solidifying FinTech's position and contributing to the sector's growth in alignment with the Financial Sector Development Program (FSDP).The FSDP's mandate is to establish 525 FinTech startups by 2030 as part of the FinTech strategy, the fourth pillar of the FSDP. These investments are not only helping to achieve this goal but are also fostering financial inclusion, improving financial literacy, and creating more jobs in this rapidly evolving...
August 26, 2024

KSA banks' investment in FinTech: A path to the future

Why attending 24FinTech is a must
I received a WhatsApp message from a friend asking if I would recommend attending the 24FinTech event in Riyadh this September from the 3rd to the 5th. I replied, “This event is similar in scale and importance to the Singapore FinTech Festival, but for the MENA region,” and told him, “In short, you MUST go.”But why is it such a big deal for anyone interested in FinTech or wanting to learn more about this evolving industry?First of all, 24FinTech is hosted by the Financial Sector Development Program (FSDP), which aims to foster the growth of FinTech startups in their pursuit of building a world-leading financial sector. One of its strategic objectives is the FinTech Strategy. The event is also supported by key regulators such as the Central Bank (SAMA), which oversees FinTech...
August 09, 2024

Why attending 24FinTech is a must

The Haniyeh era and colors of the peacock
The assassination of the Palestinian leader and head of Hamas' political bureau, Ismail Haniyeh, in a Tehran guest house marks the end of the "Haniyeh era," similar to how Israeli bullets ended the eras of Ahmed Yassin and Abdel Aziz al-Rantisi. Khaled Meshaal, often called the "Peacock of Hamas," will succeed Haniyeh. This movement, rooted in and affiliated with the Muslim Brotherhood, now is at a critical juncture.Hamas has not achieved any notable success since its inception, except for its 2007 coup against the Palestinian Authority. Since then, the movement has faced constant defeats, leading to the division of the Palestinian house and internal conflicts. In every war, Hamas has failed to achieve victory, whether in Palestine or the Gaza Strip. These setbacks...
August 02, 2024

The Haniyeh era and colors of the peacock

CAS Court of Arbitration for Sport
According to the relevant provisions of the statutes of the international and Asian federations, any appeal against a final and binding decision issued by either the international or Asian federations may be submitted to the Court of Arbitration for Sport (CAS). The court does not have jurisdiction to hear any appeal against violations of the laws of the game or cases specified in the statutes of the international or Asian federations.Cases with an international element or major cases involving a foreign player or coach can also move from the local level to the international level, thus bringing the special jurisdiction of CAS. Working before CAS requires collaboration with law firms and international lawyers specializing in sports law. Italian, Spanish, and Portuguese firms are among the...
July 27, 2024

CAS Court of Arbitration for Sport

Reducing world healthcare costs: effective strategies for the future
With global health expenditure reaching a startling $9.8 trillion in 2021, making up 10.3% of the world's GDP, the World Health Organization (WHO) has published its 2023 Global Health Expenditure Report. This notable rise emphasizes how urgently sensible policies are needed to control growing healthcare expenses. Addressing this challenge calls for a comprehensive strategy comprising investments in technology, patient empowerment, strategic collaborations, and preventative actions.Efficiency through preventionReducing the burden of avoidable diseases and preserving resources depends on preventive healthcare. For example, the Smoking Cessation Program in British Columbia, Canada provides free prescription medications and nicotine replacement therapy, thereby saving around three Canadian...
July 23, 2024

Reducing world healthcare costs: effective strategies for the future

Vision 2030: Pioneering progress and transformation in Saudi Arabia
By Prof. Awad Al OmariThe Vision 2030 roadmap in Saudi Arabia has made significant strides in various sectors, showing positive progress toward its ambitious goals. Here are some noteworthy achievements so far:1. Economic Growth and DiversificationThe non-oil private sector has experienced impressive growth, with non-oil revenues more than doubling from SR163 billion in 2016 to SR411 billion in 2022. The financial market has also expanded significantly, ranking fifth globally in the Financial Markets Index. The increase in financial technology entities and market listings reflects growing investor confidence.2. Tourism and Cultural HeritageSaudi Arabia has achieved remarkable success in tourism, welcoming 106 million visitors in 2023, including 27.4 million international tourists. This has...
June 28, 2024

Vision 2030: Pioneering progress and transformation in Saudi Arabia

Saudi Arabia's success in organizing Hajj 2024
By Prof. Awad Al OmariThe Saudi government achieved remarkable success in organizing Hajj 2024 with flexibility and agility, managing the millions of pilgrims who gathered in the small area of Arafat, which does not exceed 33 square kilometers. This success is attributed to several key factors:1. Ensuring Health and Safety for All PilgrimsSaudi Arabia showed outstanding skill in organizing Hajj 2024, ensuring the health and safety of 1.8 million pilgrims. The Ministry of Health led the way, setting up over 25 hospitals and 156 health centers in Makkah and the holy sites. With over 5,000 beds and 500 intensive care units, medical care was always available. Vaccination campaigns against diseases like meningitis and influenza helped prevent outbreaks. Emergency services were strengthened by...
June 18, 2024

Saudi Arabia's success in organizing Hajj 2024

Leonardo Costa, Italian Consul General in Jeddah.
Italy and Saudi Arabia: Celebrating a historic partnership
It is a great honor to celebrate in Jeddah the 78th National Day of the Italian Republic, a moment which represents for us the opportunity to celebrate the Italian national identity, the unity of our country, and the constitutional values that since the end of World War II have inspired us.This important day also gives us a chance to celebrate the excellent relations between Italy and the Kingdom of Saudi Arabia, marking their 92nd anniversary this year. Italy was one of the first countries to establish diplomatic relations with the newly-born Saudi state in 1932.Political visits at the highest level and agreements signed in recent years are concrete signs of a further strategic enhancement of our relations, which have always been excellent and an extraordinary example of win-win...
June 07, 2024

Italy and Saudi Arabia: Celebrating a historic partnership

Dr. Badr Alshibani
Embracing change: A journey towards inner peace
As I celebrated my 44th birthday, I found myself standing at the threshold of opportunity. Each passing day serves as a reminder of the endless potential to shape oneself anew. Time is a gift, granting me the clarity and determination to embark on a journey of self-discovery. With faith as my guide, I embark on a solitary expedition, stripping away distractions to unearth profound changes within.The catalyst for my transformation was recognizing the importance of mental well-being. Instead of fixating on what I lack, I embrace gratitude for what I have. My identity is not defined by external measures, but rather by the values instilled by my faith and the moments of solitude that enrich my soul.In cultivating a sense of inner peace, I prioritize practices that are both feasible and...
June 07, 2024

Embracing change: A journey towards inner peace

Saudi Arabia healthcare evolution: Balancing challenges and breakthroughs
By Prof. Awad Al OmariThe escalating financial burdens in the global healthcare sector are stark, with spending hitting an unprecedented $9.8 trillion in 2021—equivalent to $1,535 per capita and accounting for 10.3% of global GDP. These figures highlight the critical impact of healthcare costs on the economy and the pressing need for innovative solutions.In 2023, Saudi Arabia allocated $50.4 billion to healthcare and social development, making up 16.96% of its total budget and ranking as the second highest expenditure after education. Projections indicate that healthcare spending in the country could rise to $77 billion by 2027.The increase in healthcare expenses is partly due to an aging population that requires specialized care for chronic conditions. In Saudi Arabia, the life...
May 28, 2024

Saudi Arabia healthcare evolution: Balancing challenges and breakthroughs

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