Alkhabeer Capital Becomes the First Financial Institution to Adopt Wamid's Co-Location Hosting Service
Alkhabeer Capital is one of the leading capital market institutions in Saudi Arabia, authorized by the Capital Market Authority under License No. 07074-37 and headquartered in Jeddah, Kingdom of Saudi Arabia, with a branch in Riyadh. The Company provides innovative world-class investment products and solutions in private equity, financial markets, and real estate investments, in addition to offering investment banking and brokerage services.
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Al Bawaba
19 hours ago
- Al Bawaba
Big-ticket events set the stage for tourism growth in the Middle East
'Big-ticket' events are playing a pivotal role in driving international tourism and accelerating economic growth, according to experts speaking recently at Arabian Travel Market (ATM) 2025. In the GCC alone, the event and exhibition market is expected to reach US$827 million by 2029, growing at a CAGR of 3.94%.Following the global success of mega-events such as the FIFA World Cup Qatar 2022 and Expo 2020 Dubai, momentum is building across the region as Saudi Arabia prepares to host the 2034 World the evolution and impact of these events, panellists including H.E. Khalid Jassim Al Midfa, Chairman, Sharjah Commerce and Tourism Development Authority; Sebastien Doussin, Senior Vice President - Global Travel Services & Destination Management. Dnata and Noor Ahmad Hamid, CEO, Pacific Asia Travel Association (PATA), shared fascinating insights at ATM 2025, where the events industry was under the spotlight. The panel addressed how big-ticket events – so-called for their high value, cost and impact – have demonstrated their ability to attract millions of international visitors, boost hotel occupancy, stimulate infrastructure growth and generate long-term brand positioning for host the importance of understanding the long-term strategic value of big-ticket events beyond immediate sales, H.E. Khalid Jassim Al Midfa commented: 'Big-ticket events provide a destination with an opportunity to establish brand positioning and exposure in a competitive global environment. These events play a vital role in supporting broader government objectives, but it is essential to invest in the right product for your destination.'Doussin reaffirmed the importance of large-scale events in destination positioning, referencing the growth of the Abu Dhabi Grand Prix, the surge of international golfing tournaments throughout the UAE and the launch of NBA events in the capital. Commenting on the impact of technology on events, Doussin said: 'Technology has already changed big-ticket events, especially in terms of distribution and customer experience. All of the ticketing for the FIFA World Cup in Qatar was completely digital through the official event app, offering flexibility and ease of use. Ultimately, technology enables an event to become more seamless, easier and enjoyable.' Meanwhile, Hamid urged the industry to broaden the definition of big-ticket events to include exhibitions, conferences and cultural performances. He referenced Bangkok's weekly concerts, which are mainly K-pop driven, as examples of how live entertainment extends tourist stays. Supporting the panel's observations, the ATM Travel Trends report highlights the rising appeal of live entertainment and sports in influencing travel decisions. Leisure events were outlined as the top opportunity for tourism growth among 50% of industry experts, as consumer demand for in-person and cultural experiences has increased significantly in recent years. The trend of combining traditional leisure and business travel, or 'bleisure', has also accelerated as increased remote working and flexible working visas have enabled more people to live and work overseas. Building on this, business travellers are often extending their stays in destinations, creating a new opportunity in this rapidly expanding report also highlighted that business events (MICE) are emerging as a significant driver of tourism growth across the Middle East, complementing the region's thriving leisure sector. Global business travel reached a record US$1.4 trillion in 2024 and is projected to rise to US$2 trillion by 2030. The Middle East is well-positioned to capture a growing share of this lucrative market, increasing from approximately 2.5% in 2024 to over 3% by the end of the decade, supported by world-class infrastructure, a strategic location, and an expanding schedule of high-profile Curtis, Exhibition Director ME, Arabian Travel Market, concluded: 'As big-ticket events continue to gain global prominence, their role in shaping the future of tourism, driving economic diversification and enhancing international reputation has never been more evident. The Middle East, with its strategic vision, world-class infrastructure and focus on innovation, is well-positioned to lead the next era of global event tourism.'Building on the success of its inaugural edition, IBTM@ATM will return to ATM 2026, which takes place at the Dubai World Trade Centre from 4-7 May 2026, with a dedicated zone within Hall 3, highlighting the show's strategic focus on the global business events to facilitate high-value connections, the zone allows business event suppliers to showcase, promote their destinations and services, and engage with pre-qualified international event planners, Professional Conference Organisers (PCOs), and associations through an exclusive hosted buyer programme. This specialised area will once again host the IBTM Stage, providing a comprehensive conference programme tailored to industry professionals, encouraging knowledge exchange and thought leadership. IBTM@ATM 2026 is set to be a vibrant hub for innovation, collaboration, and business growth in the global events industry. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Al Bawaba
20 hours ago
- Al Bawaba
Birth Machine? Robot designed to carry and give birth sparks ethical debate
Published August 19th, 2025 - 07:01 GMT ALBAWABA - Scientists unveiled the world's first robot that can carry life and process as a woman's womb in terms of pregnancy and giving birth, igniting wide ethical debate on social media. A huge fuss erupted following the uncovering of the first robot with an artificial womb, which is able to carry and give birth. According to the media, the robot is able to carry a fetus for 10 months in an artificial amniotic fluid environment and feed it through a tube that simulates the umbilical cord. The new tech robot was created and developed by the Chinese company "Kaiwa Technology" and it has sparked widespread controversy in scientific and ethical circles. Sci-fi has become reality. A Chinese company plans to launch the world's first artificial womb using a humanoid robot, helping babies from conception to birth. The prototype will be available next year for $13,000. — CyberRobo (@CyberRobooo) August 18, 2025 The company announced earlier the development of the world's first robot equipped with an artificial womb, capable of completing pregnancy and childbirth on behalf of women. The price of the new robot will be below 100,000 yuan ($13,900). An X user slammed the new robot by saying, "This will not work well, we haven't even fully begun to understand all the biological processes and requirements for proper gestation. We're only now finding out how C sections affect a childs immune system. I can only imagine the kinds of issues children will have when born from these prototypes." Another person commented, "A fascinating development. What are the ethical implications of outsourcing parenthood to technology?" A netizen mockingly said, "Great, Earth needs yet another 8 billion humans for sure." © 2000 - 2025 Al Bawaba (
Wamda
2 days ago
- Wamda
Fahy lands $1.75 million investment to build Saudi gaming hits
Saudi Arabia-based Fahy Studios has secured $1.75 million in investment from Impact46 and Merak Capital to accelerate mobile game development. Founded in 2023 by Hani Hashem, Owis Alsaour, and Fahad Alshibl, Fahy is a game development studio specialising in hybrid-casual mobile games, combining in-house game design, art, and development to create innovative, engaging gaming experiences that resonate globally. With a focus on hybrid-casual games, Fahy is building a pipeline of titles, including RAWR (monster-collecting RPG), Footy Traps (PvP football strategy), and Heist Party (multiplayer heist action), while aiming to position Saudi Arabia as a global gaming hub. Press release: Fahy, a rising game development studio in Saudi Arabia, has secured a strategic investment of $1.75 million from Impact46 and Merak Capital. This milestone reflects the studio's potential and its commitment to shaping the future of mobile gaming while contributing to Saudi Arabia's expanding gaming ecosystem. Founded in early 2023 by Hani Hashem, Owis Alsaour, and Fahad Alshibl, Fahy rapidly gained momentum upon their enrolment in NEOM's exclusive LevelUp accelerator, where they transformed from an indie team into a scalable studio. The studio further expanded its reach through a publishing partnership with Kwalee, gaining access to world-class expertise in user acquisition, monetisation, and global game publishing. Fahy's strategy revolves around the hybrid casual genre, building games that blend accessibility with depth. Hani Hashem, CEO and Co-founder of Fahy, explains, 'Today's mobile gamers want more than fleeting experiences. They seek games that are easy to pick up but offer meaningful progression. Our goal is to create games that are instantly fun yet endlessly rewarding.' Fahy's ambitious pipeline features multiple titles, including RAWR, an expansive monster-collecting RPG with unique battle mechanics, deep meta elements, and an immersive storyline; Footy Traps, a fast-paced PvP football game where strategy is key to outsmarting opponents and climbing the ranks; and Heist Party, a chaotic multiplayer heist game where players can team up or betray each other in a race for the biggest loot. 'This investment fuels our mission to push the boundaries of mobile gaming, expand our production capabilities, and attract top talent to the Kingdom.' Hani continues. 'We started with a love for gaming and a big dream- to build global hit games from Saudi Arabia, for the world. While our journey is still in its early stages, the backing from Impact46 and Merak Capital is yet another testament to Saudi's growing ecosystem that is empowering us to compete on the world stage.' Impact46, a leading Saudi investment firm, emphasised the potential of the Saudi gaming market and the role of local studios in driving growth. Basmah Al Sinaidi, Managing Partner at Impact46, stated, "Fahy is one of the unique Saudi studios that possess great potential. We are looking forward to backing the team and their visionary approach to create exceptional games and experiences." Abdulelah Alshareef, VP of Venture Capital at Merak Capital, highlighted the investment's significance in shaping Saudi Arabia's gaming industry: "The gaming industry in Saudi Arabia is evolving rapidly, and we see tremendous potential in homegrown studios like Fahy. Mobile gaming, in particular, is a high-growth sector, and Fahy Studios is uniquely positioned to create experiences that engage players worldwide. Our investment reflects our belief in their vision and our commitment to fostering the growth of Saudi Arabia's gaming sector. At Merak Capital, we aim to empower startups that combine creativity with strong business models, and Fahy Studios embodies this approach. We are excited to support their journey in building a globally competitive mobile gaming company and contributing to the Kingdom's ambition of becoming a gaming powerhouse.'
