Third edition of Global AI Summit launches in Riyadh 

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After an opening ceremony featuring silver-clad dancers twirling neon lights, SDAIA President Abdullah bin Sharaf Al-Ghamdi delivered the opening speech. (AN/File)
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After an opening ceremony featuring silver-clad dancers twirling neon lights, SDAIA President Abdullah bin Sharaf Al-Ghamdi delivered the opening speech. (AN/File)
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After an opening ceremony featuring silver-clad dancers twirling neon lights, SDAIA President Abdullah bin Sharaf Al-Ghamdi delivered the opening speech. (AN/File)
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After an opening ceremony featuring silver-clad dancers twirling neon lights, SDAIA President Abdullah bin Sharaf Al-Ghamdi delivered the opening speech. (GAIN/File)
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Updated 10 September 2024
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Third edition of Global AI Summit launches in Riyadh 

  • Summit runs until Sept. 12 at the King Abdulaziz Convention Center
  • Event is expected to host more than 400 speakers in 150 sessions, with more than 20,000 people set to attend in person and an estimated 25 million participating online

RIYADH: The third edition of the Global AI Summit, also known as GAIN, brought together business leaders, high-ranking officials, and top academics from more than 100 countries on its opening day on Tuesday.

After an opening ceremony featuring silver-clad dancers twirling neon lights, and a rendition of John Lennon’s “Imagine,” the Saudi Data and Artificial Intelligence Authority’s President Abdullah bin Sharaf Al-Ghamdi delivered the opening speech.

“Let’s think about human-centered artificial intelligence … Despite the challenges, I remain optimistic. The solution is unity. We can navigate the AI-driven world through collaboration,” he said. 

“Today, we celebrate ALLaM, a pioneering Arabic large language model proudly developed here in the Kingdom of Saudi Arabia.”

The SDAIA’s president also highlighted the progress of the SauTech Arabic speech-to-text tool that was unveiled at the previous edition of the summit in 2022.  

Since then, SauTech has been utilized by the Saudi Ministry of Justice to transcribe thousands of hours of virtual court hearings.  

Minister of Communications and Information Technology Abdullah Al-Swaha chaired the first panel of the conference entitled “Empowering Society Through AI-Driven Technology.”

He highlighted partnerships between Aramco, Qualcomm, and Alat Technologies to develop new AI solutions in the Kingdom.  

Other major announcements from the first day included the SDAIA’s partnership with UNESCO to launch the International Center for AI Research and Ethics.

The ICAIRE intends to boost awareness of ethics in AI, support research and development, and provide recommendations on AI policies.

Aramco announced the deployment of an AI supercomputer designed to accelerate complex tasks like analyzing drilling plans and geological data in order to recommend the most efficient oil well placement options.

The oil company also signed further memorandums of understanding with Cerebras Systems, SambaNova Systems, and FuriosaAI to explore collaboration in supercomputing, neural processing, and innovation in Saudi Arabia.

The SDAIA also announced a new smart gate system at NEOM Bay Airport, in partnership with the Ministry of Interior and the General Directorate of Passports.  

The system aims to use AI technology to improve the efficiency of immigration services at the airport.

Saudi Arabia’s Ministry of Tourism signed an agreement with the SDAIA to establish a center of excellence for AI in tourism, and to promote the development of AI technologies in the sector.  

Another memorandum of understanding was signed with Qassim University to train national cadres in data and AI.  

The General Presidency of the Commission for Promotion of Virtue and Prevention of Vice signed an agreement with the SDAIA to collaborate over IT and data management.

This year’s edition of GAIN runs until Sept. 12 at the King Abdulaziz Convention Center. 

The three-day summit is expected to host more than 400 speakers in 150 sessions, with more than 20,000 people set to attend in person and an estimated 25 million participating online.


Asharq Business with Bloomberg, Nasdaq to bring real-time US equities data to MENA

Updated 13 January 2026
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Asharq Business with Bloomberg, Nasdaq to bring real-time US equities data to MENA

  • Nasdaq to deliver exclusive real-time US equities market data
  • Real-time updates fully integrated into Asharq Business’ data infrastructure and available across all platforms

RIYADH: Asharq Business with Bloomberg, the region’s leading business and financial news multi-platform channel, announced Tuesday a strategic three-year collaboration with Nasdaq, to deliver exclusive real-time US equities market data and updates to investors and decision-makers across the Middle East. 

Through access to Nasdaq’s official data product, Nasdaq Last Sale (NLS), Asharq Business with Bloomberg will receive real-time last-sale trade updates and calculated insights across major US exchanges directly from the Nasdaq Market Center. The collaboration strengthens market transparency, enhances data-driven storytelling, and provides audiences and partners with deeper insight into global financial activity. 

With a rapidly growing investor base in the region — and with Nasdaq serving as a primary destination for many Arab and regional investors — Asharq Business with Bloomberg reinforces its mission to deliver timely, accurate, and exclusive financial updates by integrating NLS data into its digital platforms, live markets coverage, and broader data ecosystem. 

Leveraging its partnership with Bloomberg Media — which grants access to reporting from over 2,700 journalists and analysts worldwide — Asharq Business with Bloomberg continues to build on its reputation as the region’s most trusted and credible multi-platform business news source. The collaboration with Nasdaq underscores its commitment to providing reliable, data-backed content across social, digital, and streaming platforms, available for audiences anytime and anywhere. 

Dr Nabeel Al Khatib, General Manager of Asharq News Network, commented: “It has been five years since the inception of Asharq Business with Bloomberg, and our audience has always been at the center of everything we do. We invest time and effort to understand what matters to them, ensuring we deliver data and stories that genuinely support informed decision-making. With growing regional interest in global markets, our collaboration with Nasdaq marks a strategic step toward offering a clearer, more comprehensive view of international financial activity. Through Nasdaq Last Sale, we aim to further empower our audience with transparent, real-time insights, strengthening their ability to navigate an increasingly interconnected global investment landscape.” 

The Nasdaq leadership team added: “We are pleased to collaborate with Asharq Business with Bloomberg to broaden access to high-quality US market data in the Middle East. Through Nasdaq Last Sale, we aim to enhance transparency, support informed decision-making, and contribute to a more connected global investor community.”