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In "SAUDI ARABIA"
October 28, 2025
Saudi Arabia to enter global battery sector in 2026, says energy minister
Saudi Gazette reportRIYADH — The Public Investment Fund (PIF) and Aramco announced the signing of a non-binding term sheet for Aramco to acquire a significant minority stake in HUMAIN, with PIF retaining majority ownership. The agreement outlines plans for PIF and Aramco to combine their artificial intelligence (AI) programs and assets under HUMAIN, accelerating the company’s growth and positioning Saudi Arabia as a global hub for AI innovation and technology development. Under the proposed structure, both entities would contribute their AI assets, capabilities, and talent to HUMAIN, creating a unified national platform to drive innovation, investment, and competitiveness in the global AI landscape. Yazeed A. Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said: “By...
October 28, 2025
Aramco to acquire significant minority stake in HUMAIN to unify AI efforts with PIF
October 28, 2025
Al-Jalajel launches pioneering healthy lifestyle prescription service
October 28, 2025
Saudi Arabia pins hope on FII driving joint action for global prosperity
October 28, 2025
PIF, UK Export Finance sign $6.8 billion MoU to boost UK firms’ participation in Saudi projects
October 28, 2025
Lubna Al Olayan: New investment law places foreign and Saudi investors on equal footing
October 28, 2025
Minister Al-Ibrahim discusses economic developments with WTO chief
October 28, 2025
Amin Nasser unveils $2 billion plan to boost Aramco’s digital arm
October 28, 2025
Saudi Arabia, Pakistan agree to launch Economic Cooperation Framework
October 28, 2025
Saudi Arabia underscores need to empower Palestinians to live with dignity
