Latest news with #kingdom
Bloomberg
16-07-2025
- Business
- Bloomberg
Aramco's VC Arm Backs Record AI Funding Round for Saudi Startup
Saudi Aramco's venture capital arm, Wa'ed Ventures, has backed a $30 million Series B funding round for local artificial intelligence startup Lucidya, marking the largest such raise by an artificial intelligence company in the kingdom. Wa'ed Ventures participated in the round alongside lead investor Impact46. Takamol Ventures, SparkLabs and returning backers Rua Growth Fund and ARG also joined, according to a statement from Lucidya. Individual investment amounts were not disclosed.
Zawya
15-07-2025
- Business
- Zawya
Nesma & Partners buys Saudi group Al Yusr Industrial Contracting
Nesma & Partners, a leading integrated projects solutions company in Saudi Arabia, has announced the successful completion of its acquisition of Al Yusr Industrial Contracting Company (AYTB), a prominent provider of industrial services in the kingdom. This strategic investment positions Nesma & Partners as the leading integrated industrial services platform, enhancing its capabilities across the energy, infrastructure, and industrial sectors in alignment with Saudi Arabia's Vision 2030 development objectives, said the company in a statement. Under the deal, AYTB will continue to operate as an independent company within the Nesma & Partners group, preserving its organisational structure, brand and operational autonomy. This acquisition enhances both companies' capacity to deliver high-value project solutions across the whole asset lifecycle - from consulting, engineering, construction, and commissioning to operations, maintenance, and upgrades. "We are proud to welcome AYTB into the Nesma & Partners family," said Samer Abdul Samad, the CEO of Nesma & Partners and newly appointed Chairman of AYTB. A leading provider of integrated project solutions in the kingdom, Nesma & Partners has grown its footprint both locally through its contracting and industrial services and globally through its wholly-owned subsidiary, Kent, a renowned leader in engineering and project management services. "AYTB has built a remarkable legacy of performance, particularly in Operations & Maintenance and Plant Industrial Services. This partnership is based on mutual respect, complementary strengths, and a shared commitment to operational excellence," he stated. A Saudi, multi-disciplinary industrial contracting company, AYTB provides a range of services and solutions to oil and gas, petrochemical, power generation and other major industrial sectors across the kingdom. As part of this transition, Cristiano Tortelli has been appointed as Chief Executive Officer of AYTB. An industry veteran, Tortelli brings more than 30 years of global experience in energy and industrial services to the role and has been actively involved in the transaction from its early stages. His leadership will support AYTB's next phase of growth while maintaining continuity across all operations. "I am honored to join AYTB as CEO at this exciting moment," stated Tortelli. "Together with the leadership team and the skilled workforce across AYTB, we will strengthen what has already been built, grow with confidence, and deliver sustainable value to our clients and stakeholders," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Bloomberg
14-07-2025
- Automotive
- Bloomberg
BYD Aims to Triple Saudi Footprint After Tesla Enters Market
Chinese automaker BYD Co. plans to ramp up its expansion efforts in Saudi Arabia, building on momentum from Tesla Inc. 's launch in the country and capitalizing on the kingdom's push to become a new hub for electric cars. BYD, which launched in Saudi Arabia last year and currently runs three showrooms there, aims to open another seven locations by the second half of 2026, according to Jerome Saigot, managing director for Saudi Arabia.
The Guardian
03-06-2025
- Entertainment
- The Guardian
David Squires on … the Paris Saint-Germain fairytale
Our cartoonist takes us to a magical kingdom for the story of how a pumpkin of a club became the kings of Europe
Geek Girl Authority
23-05-2025
- Entertainment
- Geek Girl Authority
Book Review: BEHOOVED
Thank you to Bramble for sending me a copy of Behooved in exchange for an honest review. About Behooved by M. Stevenson Bianca knows duty comes before love, so she agrees to a political marriage to Prince Aric. But her new husband is cold and distant. Even worse, an assassination attempt on their wedding night leaves him magically cursed into horse form. Bianca escapes atop her horse-husband, who returns to human form only at sunset. Framed for Aric's murder and entangled in a plot against the throne, Bianca must rely on the prince she barely knows to survive. As danger mounts and sparks begin to fly, the unlikely pair must break the curse, clear Bianca's name, and save the kingdom before their time runs out. RELATED: New Release Radar: New Books Coming Out on May 20 M. Stevenson's debut Behooved is a slightly ridiculous but ultimately charming romantic fantasy novel. While it's lighter in tone, Stevenson does invest more in politics and high-stakes danger than a lot of other novels in this genre. There's a conspiracy looming over everything, and the threat of war between nations is definitely real. That said, all of the hallmarks of cozy fantasy and romance novels are present. There are plenty of expected tropes, namely an arranged marriage and only one bed at the inn. There's also a sort of enemies-to-lovers relationship, although that's due mostly to a forced miscommunication between the couple. RELATED: Book Review: Where Shadows Bloom Fun, Easy, Slightly Cheesy Something that helps Behooved stand out from the rest is Bianca's chronic illness. Her unnamed condition (based on celiac disease in the author's note) is unpredictable and affects her daily life. Bianca manages some symptoms with tonics, but faces extreme societal pressure to hide her 'weakness.' Early on, her parents demand that she conceal her condition, resulting in internalized ableism that affects Bianca's self-image. Stevenson's nuanced depiction captures the psychological toll of growing up disabled in an ableist world. Aric's acceptance and his role in helping Bianca better understand her condition make their relationship truly transformative, offering more than just romance. If you're looking for a fun, easy and slightly cheesy read for the summer, check out Behooved . M. Stevenson's whimsical fantasy romance is perfect for fans of My Lady Jane and The Spellshop . Behooved is out now and available from your local independent bookstore or TW: ableism, abandonment, alcohol, animal cruelty, blood, chronic illness, death, death of a parent, emotional abuse, injury/injury detail, medical content, self-harm, sexual content, violence, vomit Book Review: LOVE AT SECOND SIGHT
