Author: sauditabloid.com

LONDON and AUSTIN, Texas, May 11, 2026 /PRNewswire/ — The King’s Foundation and FormationQ today announced a new partnership to showcase how towns and cities across the Commonwealth can grow sustainably using quantum technology. The partnership, entitled Harmonious Urban Growth: A Health-Optimised Expansion Framework Using Quantum Methods, is a three-year programme designed to help cities grow sustainably while improving the health of people and the planet. The initiative will incorporate advanced computational modelling, including quantum optimisation enabled by trapped-ion systems from IonQ, to explore new methods for planning complex urban systems and sustainable town planning.Today, around 1.3 billion people live…

NBA-inspired tournament challenges traders worldwide through three competitive stages: Toss, Knockout, and Buzzer-Beater.DUBAI, UAE , May 11, 2026 /PRNewswire/ — STARTRADER, an official partner of the NBA, has announced the STAR Trading League, a global team-based tournament uniting traders in a structured, performance-driven environment. Registration runs from 11–28 May, participants select one of 30 teams via the client portal ahead of the 1 June start. The competition runs through 31 July across three stages, concluding with a single winning team, while the top two traders on the team will win tickets to an NBA game along with additional rewards. Built around…

Backed by QIC Ventures, Airtree, and ISAI, the Brisbane-founded company will expand its AI product suite, scale internationally, and grow its team across key global markets.LONDON, BRISBANE, Australia and DUBAI, UAE, May 11, 2026 /PRNewswire/ — ProcurePro, the first end-to-end construction procurement platform, has secured US$11 million in a funding round led by QIC Ventures – one of Australia’s largest sovereign wealth funds and a major infrastructure asset owner. The round values the company at more than US$80 million. Existing venture investors Airtree and Glitch Capital participated, together with global construction giants Bouygues (via its VC fund managed by ISAI).The funding…

RIYADH, Saudi Arabia, May 10, 2026 /PRNewswire/ — MBC GROUP (“MBC” or the “Company” or the “Group”) (Tadawul: 4072), the leading media and entertainment conglomerate in the Middle East and North Africa (“MENA”) region, today announced its financial results for the three-month period ended 31 March 2026 (“1Q 2026”). The Group reported revenues of SAR 1.6 billion, compared to SAR 2.0 billion in 1Q 2025, primarily reflecting the timing of project-based revenues and a more cautious advertising environment amid ongoing regional geopolitical developments. Net profit reached SAR 222.3 million, down 15.6% year-on-year, while net profit margin expanded to 14.1%, supported by disciplined cost management…

RIYADH, Saudi Arabia , May 10, 2026 /PRNewswire/ — Kalaam Telecom, a leading provider of digital and connectivity solutions in the region, has announced the launch of Klik, a B2B self–service digital platform designed to transform how Enterprises in Saudi Arabia interact with Kalaam’s products and services. Klik reflects Kalaam’s ongoing commitment to enhancing customer experience (CX) by digitizing customer touchpoints and enabling a more transparent, personalized, and efficient service journey. Available via mobile app and web portal, Klik allows business customers to manage services, monitor usage, track orders and tickets, and access real–time insights through a single, centralized platform.The platform…

Asian Development Bank pledged $30 billion through 2030 to help ASEAN expand energy links, deepen markets and build resilience regionally.

UAE President Sheikh Mohamed bin Zayed and Austrian Chancellor Christian Stocker held talks on partnership, trade, energy and security.

Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide.

Space42 says local assembly and testing of Foresight satellites in Abu Dhabi show the UAE is building stronger space manufacturing capability.

GANDHINAGAR, India, May 8, 2026 /PRNewswire/ — As GIFT City reshapes how global Indians access financial products, Policybazaar is expanding its offerings to make investment seamless for NRIs. Through its presence in India’s International Financial Services Centre, Policybazaar is enabling NRIs across 35+ countries to access investment-linked insurance solutions denominated in US dollars. GIFT City is also emerging as a base for its global reinsurance with growing presence of international players. Addressing the media at Policybazaar’s recent event in Gujarat, Bimal Menon, Principal Officer, Policybazaar’s GIFT City Branch, said, “GIFT City now contributes to more than 50% share of our NRI customer…