Author: Editorial Team
Nvidia recently disclosed that they hold nearly 123 million shares in SpaceX valued at around $21 billion at the end of the second quarter, pointing to increasingly deeper ties between these companies. In a Security and Exchange Commission (SEC) filing, Nvidia revealed its stake, worth approximately $17 billion. SpaceX’s share value has fallen sharply since its June IPO. Nvidia invested $10 billion in xAI as part of a $20 billion funding round at the start of the year, around a month after Musk folded the AI company into SpaceX in a $1.25 trillion deal. The disclosure provides more evidence of…
RIYADH — The Transport General Authority (TGA) has penalized three expatriates for transporting passengers in private vehicles without a valid license. The penalties included fines totaling SR 35,000, in addition to deportation from Saudi Arabia. An Egyptian national and Indian national were imposed fines amounting to SR12,000 each for transporting passengers in private vehicles without a license. A Chadian national was slapped fine amounting to SR11,000 for attempting to transport passengers in a private vehicle without a license. The penalties include deportation of all the three illegal transporters. The TGA emphasized that engaging in transportation activities without a valid license…
For many parents in the UAE, a child’s birthday invitation comes with another question: what do you buy for a child you may barely know? It is a problem Salman Yousuf noticed repeatedly while living in the UAE, where children’s birthday parties can be a regular fixture on family calendars. His curiosity eventually led him to speak to more than 300 parents across the country about how they shop for toys and gifts. The conversations ultimately became the foundation for Toy Souk, which Yousuf launched in December 2025 as what he says is the UAE’s first AI-enabled dedicated toy marketplace.…
LUSAKA — Zambian President Hakainde Hichilema has secured a second term in office with more than 2.9 million votes, according to the electoral authorities. Results released by the election commission in the early hours of Tuesday morning showed that Hichilema received roughly 61.4 percent of valid votes, compared with 38 percent for his main challenger, Brian Mundubile of the National Restoration Party for Unity and Progress (NRPUP). “I therefore declare Hichilema Hakainde to be president-elect of the Republic of Zambia this 18th day of August, 2026,” commission chairperson Mwangala Zaloumis said. It was Hichilema’s seventh run for the presidency, and…
RIYADH — The Ministry of Foreign Affairs expressed Saudi Arabia’s strongest condemnation of the airstrikes carried out by the Israeli occupation forces targeting Abu al-Duhur military airport in Syria’s Idlib governorate. The ministry described the attacks as a flagrant violation of international law and of the sovereignty of Syria. Saudi Arabia reiterated its rejection of this blatant act of aggression and renewed its call on the international community to put an end to Israel’s violations of international laws and norms, the ministry said in a statement. Saudi Arabia also reaffirmed its solidarity with Syria and its support for all efforts…
A new £20 million research hub is being established in Cambridge to assist in the development of new medicines using artificial intelligence (AI) and advanced laboratory models. The site will be based at the Cambridge Stem Cell Institute on the Cambridge Biomedical Campus. Funded by the Medical Research Council, the hub will work with Cambridge University Hospitals NHS Foundation Trust (CUH). Researchers will use scientific models based on human tissues and diseases to improve the translation of lab-based research into new medicines. CUH said the hub would create “more accurate ways to study, predict and develop treatments for human diseases…
Formula E has awarded the Kingdom of Saudi Arabia its newly introduced “Best Host Country” award in recognition of the Kingdom’s outstanding organization of one of the world’s leading electric car racing championships. The award was presented for the first time in the championship’s history at the 2025/26 Formula E End of Season Awards ceremony, held in London on Sunday evening. It recognizes the destination that sets a global benchmark in event organization, infrastructure development, and partnership building. Saudi Arabia’s receipt of the award reflects its excellence in hosting the FIA-sanctioned ABB Formula E World Championship races and the high standards it…
Doctors across the UAE say they are seeing more teenagers referred for weight problems, high blood sugar, fatty liver disease and hormonal issues linked to insulin resistance. “We are seeing a growing number of adolescents being assessed for insulin resistance and related metabolic conditions,” said Dr Abdul Jabbar, Consultant Internal Medicine-Endocrinology at Medcare Hospital Al Safa. He pointed to a 2020 study of UAE teenagers in schools, which found that 34.7 per cent were overweight or obese, and nearly 80 per cent were physically inactive. Dr Amna Kiran Sarwar, Specialist Endocrinologist at International Modern Hospital Dubai, said global data back…
JEDDAH — The Council of Ministers reiterated Saudi Arabia’s categorical rejection of repeated Iranian attacks on commercial vessels and tankers. The Cabinet session, chaired by Custodian of the Two Holy Mosques King Salman in Jeddah on Tuesday, viewed these attacks as a dangerous escalation and a direct threat to the safety and security of maritime navigation. In a statement to the Saudi Press Agency following the session, Minister of Media Salman Al-Dossary said the Cabinet affirmed that these attacks constitute a grave violation of international laws and norms and a blatant defiance of the Security Council resolution obligating respect for…
RIYADH — Aramco and Saudi Arabian Mining Company (Maaden) have signed a shareholders’ agreement to establish a joint venture focused on mineral exploration and hard-rock mining in Saudi Arabia, with copper and other minerals critical to the energy transition among its main targets. Under the proposed structure, Maaden will own 51% of the joint venture and Aramco 49%. The companies first disclosed plans for the venture in January 2025. The venture will focus its exploration activities across Zone-4, also known as the Transition Zone, within the Arabian Platform, covering approximately 182,000 square kilometers, nearly 10% of Saudi Arabia’s total land…