News Agencies Feed 

Why Saudi Arabia’s Mega-City Project “Neom” Will Likely Fail

Saudi Arabia has been making headlines for various reasons over the past couple of weeks, not least because former Lebanese Prime Minister Saad Hariri is reportedly being held against his will in Riyadh. Another piece of news making current events in Saudi Arabia sound like something out of an episode of Game of Thrones is the announcement of a new, mega-city project. The project, which is called Neom, claims to be the only independent economic zone of its kind, and will cost about $500 billion to develop. Salem Saif, a writer on politics from the Arabian Peninsula, succinctly explains in Jacobin why the mega-city project is likely to fail, based on how similar urban development projects have played out in the region.......

Continue Reading

Time to Market Drastically Reduced for Banks to Deploy MOTION CODE™
November 17, 2017

Time to Market Drastically Reduced for Banks to Deploy MOTION CODE™

  • Turn-key service enabling a fast deployment of MOTION CODE™ cards for the banks
  • MOTION CODE™ replaces the static CVV2 of the payment card with a dynamic one

(AETOS Wire)-- IDEMIA, the global leader in trusted identities for an increasingly digital world, today announced that MOTION CODE™ cryptograms can"...

Continue Reading

Saudi Arabia offers licenses for foreign entrepreneurs to set up shop for the first time
November 16, 2017

Saudi Arabia has introduced trading licenses that will allow foreign entrepreneurs to set up a business in the Kingdom for the first time.

The initiative, announced Wednesday by several Saudi regulators, will enable select businesses to establish themselves in the King Abdullah Economic City (KAEC). The KAEC is the ...

Continue Reading

Saudi Arabia wants its own Amazon or Google
November 16, 2017

Saudi Arabia has committed $45 billion to investing in technology companies around the world. Now it wants to create a thriving startup scene at home.

The government said Wednesday it would make it easier for foreign entrepreneurs to get licenses to launch startups in the kingdom, part of an effort to open up the economy and boost"...

Continue Reading

SoftBank plans to invest up to $25 billion in Saudi Arabia
November 16, 2017

Japan's SoftBank Group Corp plans to invest as much as $25 billion in Saudi Arabia over the next three to four years, Bloomberg reported on Wednesday, citing people familiar with the matter.

Softbank plans to deploy around $15 billion in a new business and industrial city called NEOM and its Vision Fund would invest around $10 billion in state-controlled Saudi Electricity Co, Bloomberg reported.

"...

Continue Reading

Time to Market Drastically Reduced for Banks to Deploy MOTION CODE™
November 17, 2017

  • Turn-key service enabling a fast deployment of MOTION CODE™ cards for the banks
  • MOTION CODE™ replaces the static CVV2 of the payment card with a dynamic one

(AETOS Wire)-- IDEMIA, the global leader in trusted identities for an increasingly digital world, today announced that MOTION CODE™ cryptograms can"...

Continue Reading

Saudi Arabia offers licenses for foreign entrepreneurs to set up shop for the first time
November 16, 2017

Saudi Arabia has introduced trading licenses that will allow foreign entrepreneurs to set up a business in the Kingdom for the first time.

The initiative, announced Wednesday by several Saudi regulators, will enable select businesses to establish themselves in the King Abdullah Economic City (KAEC). The KAEC is the ...

Continue Reading