logo
Uber rolls out self-driving cars in Saudi Arabia

Uber rolls out self-driving cars in Saudi Arabia

Al Bawaba26-05-2025

Published May 26th, 2025 - 09:24 GMT
ALBAWABA – Uber, the American multinational transportation company that provides ride-hailing, courier services, food delivery, and freight transport, plans to roll out self-driving cars in Saudi Arabia. The company will create nearly 30,000 job opportunities in the country. Also Read Uber to launch robotaxi service in Europe in 2026 Uber self-driving cars in Saudi Arabia
Uber has signed major deals with leading Saudi companies as it aims to roll out its self-driving cars in the Kingdom. As the company expands its autonomous driving ambitions, it will also contribute by creating 30,000 job opportunities in Saudi Arabia.Uber recently signed a deal with Abdul Latif Jameel, a family-owned, diversified business founded in Saudi Arabia in 1945 by the late Sheikh Abdul Latif Jameel. Uber will provide expanded services in Saudi Arabia through a next-generation fleet operations platform.
The partnership will focus on electric, shared, and autonomous services. Notably, Uber is currently working with around 18 autonomous vehicle partners globally.
As the company expands its autonomous driving ambitions, it will also contribute by creating 30,000 job opportunities in Saudi Arabia. (Shutterstock)
Uber and Abdul Latif Jameel will together establish a mobility fleet and create 30,000 jobs for Saudi nationals.Hassan Jameel, Vice-Chairman of Abdul Latif Jameel group, stated: 'Equally important is how this agreement will help empower Saudi youth through the creation of job opportunities, while contributing to the Kingdom's long-term prosperity. Saudi Arabia is primed to be a key destination for urban transformation and the integration of AVs in the ecosystem. Abdul Latif Jameel, in collaboration with Uber, will play a pivotal role in accelerating the deployment of AVs, supporting local fleet operations.'
"We're thrilled to collaborate with Abdul Latif Jameel to advance and accelerate a future of mobility that is electric, shared, and autonomous in the country. Our goal is to make Uber the best platform for AV technology and continue to introduce both autonomous and human-driven mobility solutions to help people get where they need to go, effortlessly,' said Dara Khosrowshahi, CEO of Uber.
© 2000 - 2025 Al Bawaba (www.albawaba.com)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lg's 10 Million-selling Cutting-edge Oled and Qned Tv Lineup Set to Redefine Home Entertainment in the Gcc
Lg's 10 Million-selling Cutting-edge Oled and Qned Tv Lineup Set to Redefine Home Entertainment in the Gcc

Al Bawaba

time4 hours ago

  • Al Bawaba

Lg's 10 Million-selling Cutting-edge Oled and Qned Tv Lineup Set to Redefine Home Entertainment in the Gcc

LG Electronics (LG), a global leader in consumer electronics and home entertainment, is thrilled to announce the upcoming launch of its groundbreaking 2025 OLED and QNED TV lineup across the region. Building on a legacy of innovation and a proven track record of success, LG is poised to elevate the home entertainment experience for consumers throughout the GCC. The regional launch follows hot on the heels of LG's recent incredible milestone of selling over 10 million OLED units in Europe – a testament to the technology's superior picture quality, design, and overall viewing experience – an achievement that underscores the trust and confidence consumers worldwide place in LG OLED TVs as the gold standard in premium home entertainment. LG has for the past 12 years consistently delivered unstoppable world's first OLED innovations, including the curved; 4K; Ultra Slim Wallpaper; 8K; Rollable; 4K 120hz Wireless; 4K Wireless and Transparent; True Wireless 4K; and three-times brighter AI-powered OLED TVs. Not to mention being the first brand to surpass the 10-million-mark of OLED sales in Europe. Featuring the M5, G5, C5, and B5 series, LG's 2025 OLED models are designed to deliver an exceptional viewing experience. Renowned for their perfect blacks, vibrant colors, and infinite contrast, creating images that are remarkably lifelike, LG OLED TVs take picture quality to the next level with the advanced α (Alpha) AI processors, ensuring stunning visuals regardless of the content source. Additionally, all four models boast "Perfect Black" and "Perfect Color" certifications, guaranteeing an immersive viewing experience in any lighting conditions. The complementary new webOS 25 platform, powered by the Alpha AI Processor, offers a personalized and intuitive user experience, where features like AI Picture/Sound Wizard, AI Brightness Control, AI Voice ID, AI Chatbot, and AI Search use Large Language Models (LLMs) to tailor the TV to individual preferences. Gamers, too, will appreciate the industry's first 4K 165Hz Variable Refresh Rate (VRR) on the G5 series, certified by NVIDIA® G-SYNC® and AMD FreeSync Premium, which ensures smooth, tear-free gaming with minimal input lag. And for those averse to cable clutter, the OLED M5 is the world's first OLED TV capable of wirelessly transferring audio and video, with its Zero Connect box allowing for seamless wireless transmission at up to 144Hz, providing greater flexibility in the living space without unsightly wires. But it's not just cutting-edge OLED TVs breaking new ground for LG, which is also redefining the premium LCD TV segment with its 2025 QNED evo lineup. These TVs combine advanced color solutions with cutting-edge Mini LED technology, powered by the α AI processor, and certified by Intertek as delivering rich, true-to-life colors in both bright and dark environments. Better still, AI Object Enhancer and Dynamic Tone Mapping Pro refine light control, enhance contrast, and enrich faces, bodies, and key scene elements for immersive visuals, while virtual 9.1.2 surround sound from AI Sound Pro delivers unmatched depth and spatial clarity through the TV's built-in speakers. LG is committed to pushing the boundaries of TV technology, delivering products that resonate with its customers the world over, with the 2025 OLED and QNED lineup reflecting a promise of visually-arresting perfection.

Armenia Stock Exchange Goes Live on Tabadul Platform
Armenia Stock Exchange Goes Live on Tabadul Platform

Al Bawaba

time5 hours ago

  • Al Bawaba

Armenia Stock Exchange Goes Live on Tabadul Platform

Abu Dhabi Securities Exchange (ADX) announced that The Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region's first-of-its-kind mutual market access was launched by ADX in July 2022 as the region's first digital exchange operating on a mutual market access model. The platform creates a digital network of exchanges that allows investors to trade securities on international markets with remote access for brokerage firms partnering with the exchanges. Tabadul allows investors to access shares of companies in various sectors including banking, finance, energy and first transaction via Tabadul between market participants from Armenia (Converse Bank, MetaX Investment Company) and Abu Dhabi (Al Ramz Capital) was successfully executed on May 30. Armenian investors now have direct access to securities listed on ADX, enabling two-way trading and strengthening strategic ties between the addition of AMX follows the launch of Kazakhstan Stock Exchange (KASE) on Tabadul in February 2025 and builds on the momentum of the recently signed agreement with the Iraqi Stock Exchange (ISX), which will integrate ISX into the platform in due course. To date, nine stock exchanges have signed agreements with Tabadul, with six having gone this occasion, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX said: 'We are pleased to welcome the Armenia Stock Exchange to the Tabadul platform. This expansion reflects our commitment to fostering capital market connectivity, enhancing regional liquidity, and supporting the UAE's vision for economic diversification and sustainable development. Tabadul offers access to over 490 listed companies and a combined investor base of more than 7.6 million. In 2024, trading value on Tabadul surged to approximately USD 200 million, a 317% year-on-year increase.'Tabadul enables seamless cross-exchange trading with settlement in local currencies, eliminating the need for dual listings or custodianship. Currently, the platform connects the financial markets of Abu Dhabi, Bahrain, Muscat, Astana, Kazakhstan, and now Armenia. The onboarding of AMX onto the Tabadul platform underscores ADX's ongoing efforts to deepen regional capital market integration and foster stronger financial cooperation. By enabling mutual market access, ADX is expanding investment opportunities, supporting innovation, and reinforcing Abu Dhabi's position as a dynamic and globally connected financial hub. This step reflects ADX's continued commitment to enhancing market liquidity, attracting foreign capital, and advancing the UAE's broader vision for economic diversification and sustainable development.

United Arab Bank PJSC launches strategic Rights Issue to raise up to AED 1.03 billion
United Arab Bank PJSC launches strategic Rights Issue to raise up to AED 1.03 billion

Al Bawaba

time5 hours ago

  • Al Bawaba

United Arab Bank PJSC launches strategic Rights Issue to raise up to AED 1.03 billion

United Arab Bank PJSC ("UAB"), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its issued share capital by an amount up to AED 1,031,275,325 (one billion thirty-one million two hundred seventy-five thousand three hundred twenty-five dirhams) from AED 2,062,550,649 (two billion sixty-two million five hundred fifty thousand six hundred forty-nine dirhams) up to AED 3,093,825,974 (three billion ninety-three million eight hundred twenty-five thousand nine hundred seventy-four dirhams) by way of the Rights Issue offered to the existing shareholders of the Bank. Further, United Arab Bank has published an invitation to its shareholders (the "Invitation") to subscribe for New Shares. Frequently asked questions relating to the Rights Issue will be made available on UAB's website ( on or around today's date. The New Shares will be issued at an issue price of AED 1 per New Share (the "Issue Price"). The terms and launch of the Rights Issue were approved by the UAB's General Assembly Meeting held on 6 March 2025, following the approval of the Board of Directors of the Bank held on 4 February 2025. The necessary regulatory approvals have been obtained for this Arab Bank intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of United Arab holders of Rights, which includes shareholders of United Arab Bank and any persons who purchased Rights during the Rights Trading Period (the "Eligible Persons"), will be entitled to exercise their Rights to subscribe for New Shares at the Issue Price commencing on 4 July 2025 and ending on 17 July New Shares will be allocated to Eligible Persons on 24 July 2025. Refunds will be given to Eligible Persons, who did not receive the number of New Shares that they subscribed for, on or around 24 July on the announcement, Mr. Shirish Bhide, CEO of United Arab Bank said: "The Rights Issue represents a significant milestone in the Bank's journey towards its next phase of growth. It is an important step in strengthening United Arab Bank's capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the implementation of our growth strategy, enhance our financial resilience, and create long-term value for our shareholders while continuing to serve the UAE economy and contribute to its development agenda.' First Abu Dhabi Bank PJSC has been appointed as Lead Manager and Bookrunner in respect of the Rights Issue and Al Tamimi & Co. have been appointed as Legal Adviser. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store