“A news sense is really a sense of what is important, what is vital, what has color and life — what people are interested in. That’s journalism.” This quotation of Arthur Burton Rascoe, former editor and literary critic of the New York Herald Tribune, also applies to Arab News, the Kingdom’s leading English daily, whose news coverage has ranged from vital to the colorful aspects of life.
What has propelled Arab News to the forefront of English dailies in the Gulf is its comprehensive coverage of local news of four to five pages daily under the dynamic leadership of Mohammed Fahad Al-Harthi, our editor in chief.
This is aside from regional and international coverage of news and views, making it the preferred choice of expatriates, Saudi and other business executives, senior government officials and diplomats who look forward this newspaper for all types of news. No wonder, it has carved out its own space in terms of scoops and other major stories.
The following is a cross-section of some of the exclusive stories that were featured in Arab News in the chronological order in the recent past.
On March 29, 2014, the newspaper carried a front page story on the talks between Custodian of the Two Holy Mosques King Abdullah and US President Barack Obama focusing on the Iranian nuclear deal, Syria’s three-year-old civil war and their repercussions on the neighboring countries.
They also dwelt on key bilateral and regional issues such as Gulf security, the Middle East peace process and Egypt.
“Washington and Riyadh are working together to address a number of critical bilateral and regional issues, including resolving the crisis in Syria, preventing Iran from obtaining a nuclear weapon, counterterrorism efforts to combat extremism, and supporting negotiations to achieve Middle East peace,” said a joint statement issued later.
Then, this year’s visit of Crown Prince Salman, deputy premier and minister of defense, to four countries-Pakistan, India, China and Maldives-was very comprehensively covered by Arab News.
This high-profile visit was rich in the contents of diplomacy and politics as Saudi Arabia looks to the East to forge closer ties in different domains other than business.
Prince Salman’s trip was preceded by the presentation of SR855 billion annual budget by Custodian of the Two Holy Mosques King Abdullah.
Arab News was also on the forefront in reporting political changes taking place in the region as well as inside the country. It reported extensively the appointment of Prince Muqrin as second deputy premier, Prince Mishal as new Makkah governor and Prince Khaled as new education minister.
The coverage of the visit of French President Francois Hollande late last year was exceptional. He, like Prince Charles of the United Kingdom, performed a sword dance with top Saudi officials and shared lighter moments.
Arab News also interviewed on April 23, 2013 Mexico’s business tycoon Carlos Slim, the world’s richest man with a net worth of $73 billion.
He unveiled his plans to invest billions of dollars in some lucrative petrochemical projects in Jubail and other projects in undisclosed sectors.
Another exclusive on Jan. 9, 2013 was an interview with Hina Rabbani Khar, youngest and first female foreign minister of Pakistan, during her visit to Riyadh.
Among other top stories in 2011, Arab News had an interview with former US President Bill Clinton when he described small- and mid-sized private enterprises as a key to the Kingdom’s long-term job growth and prosperity.
He was speaking at the 5th Global Competitiveness Forum on January 26, when he cautioned nations across the Middle East and North Africa that there were no substitutes for good governance and opportunities for the uneducated and impoverished.
The former president was upbeat about the Saudi economy and praised the Saudi Arabian General Investment Authority for its visionary 10x10 program, which sought to elevate the Kingdom’s global competitiveness to among the top 10 countries worldwide by 2010. Saudi Arabia is now ranked 11th, a significant increase since the program was launched a few years ago.
Another landmark event for Arab News was on November 14, 2006 in Riyadh.
In his presentation at the CIO Summit, Bill Gates discussed how improvements in the hardware and applications available in digital devices, combined with a much higher bandwidth and richer content, would help us organize information and consequently be more productive in our jobs.
Within five years, Gates predicted that improvements in speech recognition technologies would mean that people would use digital devices with speech as the primary input method, rather than a keyboard or touch screen for example. Speech would also be used for functionalities such as search.
Last but not the least, Arab News has also been playing a major advocacy role for Saudi women and for their empowerment.
This paper was the first to flash the news entitled “Women ready for top cabinet roles,” “Ministry for women empowerment urged,” and “Saudi demand laws to protect girls from domestic violence.”
These are some of the stories which testify to Arab News as a newspaper that readers, including decision-makers, look forward to at their breakfast table.
Pride: 4 decades of glorious journalism
Pride: 4 decades of glorious journalism
Saudi humanitarian relief agency signs $10.4m million Ukraine aid deal
RIYADH: The Saudi aid agency KSrelief has signed a cooperation agreement worth more than $10.4 million with the UN High Commissioner for Refugees to provide shelter assistance to internally displaced people affected by the humanitarian crisis in Ukraine.
The funding will be used to provide 11,000 shelter kits, 2,400 rapid heating kits and a host of essential building materials to insulate homes during the winter. Almost 49,000 people are set to benefit.
The agreement was signed at the agency’s headquarters in Riyadh by Ahmed bin Ali Al-Baiz, KSrelief’s assistant supervisor for operations and programs, and Kelly Clements, UNHCR’s deputy high commissioner.
Abdullah Al-Rabeeah, who heads KSrelief and is an adviser at the Royal Court, was also present.
The deal is part of the Kingdom’s ongoing efforts to provide humanitarian aid to displaced people and refugees around the world.
Saudi, Bahraini officials review King Fahd Causeway expansion plans
MANAMA: Saudi Interior Minister Prince Abdulaziz bin Saud bin Nayef and his Bahraini counterpart, Lt-Gen. Sheikh Rashid bin Abdullah Al-Khalifa, conducted a joint inspection on Thursday of the King Fahd Causeway connecting the two kingdoms.
The officials were welcomed by Eastern Province Deputy Gov. Prince Saud bin Bandar and Suhail Abanmi, who heads both the Zakat, Tax and Customs Authority and the causeway’s board of directors.
During the tour, Prince Abdulaziz and Sheikh Rashid reviewed ongoing development projects, focusing on expanded processing facilities and increased capacity measures designed to enhance cross-border travel efficiency, in line with Saudi-Bahraini Coordination Council guidelines.
The 25-km long King Fahd Causeway is a series of bridges and causeways connecting AlKhobar in eastern Saudi Arabia and Al Jasra island in Bahrain. It was constructed in 1981 and opened to traffic in April 1985.
First AlUla World Archaeology Summit Symposium 2024 unearths past for the present and future
ALULA: Antiquity came alive here at the first AlUla World Archaeology Summit Symposium 2024 titled “Moving Forward: Past, Present and Future in the Archaeology and Heritage of Mobile Communities.”
Held on Oct. 30 and 31, it was organized by the Royal Commission for AlUla and is a part of the new biennial series aimed at fostering global dialogue among experts in archeology and cultural heritage.
This year’s symposium provided a platform for in-depth discussions on the interactions between mobile and settled communities, with participants sharing global research, case studies and best practices.
The event took place at Maraya, the world’s largest mirrored building, which has 9,740 glass panels reflecting AlUla’s desert and landscape.
Built in 2019, Maraya has become an iconic part of AlUla’s cultural scene, hosting concerts, exhibitions and events that showcase both modern and traditional Saudi Arabia culture.
It was the perfect place to quite literally reflect on the past, while living in the present and looking to the future.
Reflecting on the symposium’s theme of mobility, organizers also addressed the global experience of halted movement during the recent COVID-19 global pandemic.
The theme of this year’s symposium encouraged critical examination of past and present mobility, from prehistory onward, as people have moved for various reasons; to access scarce resources, adapt to environmental pressures and respond to socio-political instability.
Speakers from six continents gathered to discuss topics including trade, commerce, climate change and conflict — all of which have shaped mobile communities throughout history.
The symposium highlights included keynote addresses by Willeke Wendrich from the University of California, Los Angeles, Stefano Biagetti from Pompeu Fabra University, UNESCO’s Peter DeBrine, and Khalid Alasmari from King Saud University.
Attendees visited archeological sites in Khaybar and Tayma and participated in panels and workshops focused on Saudi Arabia’s expanding role in archaeology.
In addition, the symposium program featured a new, specially-curated showcase of recent archaeological discoveries in AlUla, along with a preview of a world-first exhibition that will include artifacts from the Museo Archeologico Nazionale di Napoli in Italy.
Ekhlass Al-Qananweh, who holds a doctorate in Northwest Semitic epigraphy, expressed delight at attending the symposium.
“I have a deep interest in antiquities in the Kingdom of Saudi Arabia and journeyed here from Jordan to the architectural marvel that is Maraya to attend this gathering of the sharpest minds in the world of archaeology,” she told Arab News.
“In addition to the talks, I look with keen interest at the extremely qualified upcoming generation of archeologists — many of whom are in attendance — and I’m particularly interested in the vital participation of Saudi women in the field of archeological studies and in managing heritage and preserving it.”
During an Arab News interview, Adam Ford, cultural-heritage content expert at the royal commission, emphasized AlUla’s global significance and why it was chosen as host of the symposium.
“It is the World Archaeology Summit — it’s not an AlUla Summit. We want the world to come to us to discuss the world,” he said.
“The local community should be regarded as research partners with us,” he said, reiterating the RCU’s commitment to involving indigenous populations in preserving their heritage and amplifying it worldwide.
Ford also shared personal insights on the continuity of human experience across millennia. “We stand on the shoulders of giants … millions of actions and decisions and mistakes made by people of the past all culminate to now.”
He said that “although we will never meet these people,” their stories and choices continue to shape humanity’s present, emphasizing a universal pattern to endure, overcome challenges and pass on knowledge to future generations.
Certainly, if the lands could speak, they would echo stories that date back thousands of years when Lihyanite and Nabataean kingdoms reigned.
Today, AlUla contains lush oases, mountains and ancient heritage sites — as well as a thriving modern society. The best-known location in AlUla is Hegra, Saudi Arabia’s first UNESCO World Heritage Site.
A 52-hectare ancient settlement, Hegra was the principal southern city of the Nabataean kingdom. It comprises more than 100 well-preserved tombs, many with elaborate facades cut out of the sandstone outcrops surrounding the walled urban settlement.
In addition, AlUla is home to ancient Dadan, the capital of the kingdoms of Dadan and Lihyan, which is considered to be one of the most developed cities of the first millennium B.C.E. in the Arabian Peninsula.
There is also Jabal Ikmah, an open-air library with hundreds of inscriptions and writings, which has been listed on UNESCO’s Memory of the World Register.
AlUla Old Town, a hodgepodge, labyrinth of more than 900 mudbrick homes, dotted with small businesses developed from at least the 12th century, was selected as one of the world’s Best Tourism Villages in 2022 by UN Tourism.
Abdulrahman Alsuhaibani, vice president of culture at the RCU, spoke about AlUla’s unique heritage in light of the symposium, describing it as “a crossroads for connection, cultural and knowledge exchange.”
“Today, AlUla is one of the world’s most active areas for archeological exploration, with over 30,000 areas of archeological interest identified and more than a dozen active research projects,” he said.
“We established this event to become a progressive and leading platform for dialogue and collaboration, holding the first gathering in 2023 with an alternate format of symposium one year and summit the next.
“We are already laying the groundwork to build on the momentum of this event and for AWAS 2025.”
How AI and fintech are redefining the banking landscape in Saudi Arabia
- Generative AI in banking is enabling personalized services, predictive analytics, and faster customer support
- Saudi fintech leader MOZN is driving the financial AI transformation through its platforms FOCAL and OSOS
RIYADH: The financial industry is undergoing a seismic transformation, with artificial intelligence and fintech reshaping everything from regulatory compliance and customer experience to counter-fraud measures.
Across the globe, banks are adopting generative AI and machine learning to drive innovation, reduce costs, and enhance security. Saudi Arabia is emerging as a key player, with local tech companies like MOZN spearheading change.
Speaking to Arab News, Mohammed Alhussein, MOZN’s founder and CEO, highlighted the “enormous improvements in how financial institutions offer their services to customers” over the last decade.
“There are more products that reach more people. Those products are better, faster, and are being offered online,” he said. At the same time, however, the growth of online banking services has also “opened the door for fraudsters.”
Banks are rapidly integrating AI for a host of benefits, including predictive analytics, automated compliance, and fraud detection.
A key driver is the need for real-time, data-driven insights. The ability of AI to analyze vast amounts of data quickly is transforming how banks assess risk, manage assets, and engage with customers.
For instance, AI has enabled high-speed trading and personalized customer services by leveraging machine learning to identify individual preferences and optimize service offerings.
AI’s predictive capabilities also allow for better risk assessment, making it easier for banks to anticipate and mitigate potential financial risks.
Generative AI is also playing a significant role in areas like customer service and product development.
In the banking sector, it powers “intelligent banking” systems that enhance customer experience by summarizing customer conversations and improving support agent responses.
It also assists advisers in retrieving essential product information quickly, thereby reducing the response time and elevating service quality for clients.
Furthermore, AI-driven tools are automating compliance processes, making it easier for banks to adhere to evolving regulatory standards, potentially saving financial institutions from costly penalties and reputational damage.
DID YOUKNOW?
• Saudi fintech leader MOZN has driven financial AI transformation through its platforms FOCAL and OSOS.
• Generative AI in banking is enabling personalized services, predictive analytics, and faster customer support.
• Banks leverage AI-driven fraud detection systems, identifying transactional anomalies in real time.
• MOZN was recently listed among the Top 250 Fintech Companies globally by CNBC and Statista.
With online banking services expanding, banks face an increased risk of fraud. AI is essential in developing sophisticated fraud detection systems that can identify anomalies in real time.
For example, fintech platforms now monitor large volumes of transaction data to identify potentially fraudulent activity instantaneously, helping mitigate risks before they escalate.
“Everything is digital. This means that financial institutions must now make identity-related decisions in real-time,” said Alhussein. “AI is really good at identifying anomalous behavior analysis patterns and doing it really quickly.”
Advanced AI-driven compliance systems are also evolving. These systems are designed to constantly adapt to regulatory changes and identify emerging threats.
The automation of regulatory compliance processes allows banks to operate more efficiently, focusing on growth without compromising security.
Such systems are critical in Saudi Arabia, where financial institutions are expanding their services rapidly to keep up with the country’s Vision 2030 goals of a diversified, innovation-driven economy.
MOZN’s flagship compliance platform, FOCAL, is a prime example of AI in action, tailored to combat financial fraud through a unique blend of real-time identity verification and anomaly detection.
FOCAL actively screens and analyzes both customer and transactional data, immediately flagging suspicious activity that may indicate fraud or compliance breaches.
“We work with the financial sector specifically on one challenge, which is navigating and protecting against the risks of financial fraud,” said Alhussein.
“FOCAL is an AI-powered risk and compliance platform that financial institutions use to help protect their assets and their customers’ assets.”
MOZN has also developed OSOS, a generative AI platform specifically designed for Arabic language users.
As Arabic content on the web grows, OSOS provides a culturally relevant solution, handling Arabic linguistic nuances and serving enterprises across the region.
Equipped with anti-hallucination features, OSOS minimizes bias and enhances accuracy by training on a diverse, balanced dataset. This feature is crucial as it ensures outputs are relevant and reliable, which is especially important for business and regulatory contexts.
“In developing OSOS, two of the main cornerstones of the values we are adding are minimizing both bias and hallucinations,” said Alhussein.
“OSOS has performed exceptionally well in different benchmarks that we’ve tested, and we’re very optimistic about where this is going.”
MOZN’s advancements have not gone unnoticed. The company was recently listed among the Top 250 Fintech Companies globally by CNBC and Statista — a testament to its influence in the fintech industry.
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This achievement underscores the company’s success not only in technology but also in meeting the specific needs of financial institutions in the region.
By achieving a 350 percent increase in customer acquisition since 2022, MOZN exemplifies the upward trajectory of Saudi fintech.
Its success reflects a broader regional trend of fintech growth, as countries in the Middle East and North Africa increasingly embrace digital transformation in banking, and advances in AI across all sectors and industries.
“The future of AI in Saudi Arabia is extremely exciting,” said Alhussein.
“We’re incredibly fortunate to be a company born in Saudi Arabia and to witness the amazing transformation happening in the country, specifically regarding technology and artificial intelligence.”
King Salman, crown prince offer condolences to Spain following deadly flooding
- The flash floods, which occurred late Tuesday and into Wednesday, have claimed at least 158 lives
RIYADH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman have extended their condolences to King Felipe VI of Spain in the aftermath of catastrophic flash floods that have ravaged the country’s southeastern region, resulting in extensive loss of life and leaving many unaccounted for.
In separate cables to the Spanish monarch, both Saudi leaders expressed heartfelt condolences and deep sympathy to the Spanish people, the families of the victims, and those affected, offering their hopes for the safe return of the missing.
The flash floods, which occurred late Tuesday and into Wednesday, have claimed at least 158 lives, with 155 fatalities recorded in the Valencia region alone.
Spain, which has endured nearly two years of drought, saw its hardened ground unable to absorb the intense rainfall, causing severe flash floods that left vehicles and buildings inundated.
Search and rescue operations continued on Thursday as crews combed through stranded cars and flooded homes for victims.
“Unfortunately, there are dead people inside some vehicles,” Spain’s Transport Minister Oscar Puente stated earlier, as the death toll spiked from 95 on Wednesday night.
Authorities warn that more victims may still be discovered as rescue efforts proceed.
