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Today’s highlights: Saudi Arabia leads in global AI, the U.S. greenlights a massive arms deal for Israel, and Saudi Arabia’s film industry breaks records. Let’s get into it! 💬

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📰 Saudi Arabia Tops Global AI Competition 🏆

📰 What is it about?

• Saudi Arabia achieved the top global ranking in the Global Youth Artificial Intelligence Competition (WAICY) 2024, earning the most medals among 129 participating countries, including the U.S., U.K., Australia, and India.

💡 Why it matters?

• Reflects Saudi Arabia’s growing leadership in technology and innovation.

• Highlights the Kingdom’s success in fostering youth talent in emerging industries.

🔜 What’s next?

• Saudi Arabia continues to strengthen its position as a hub for tech and AI development, aligning with its Vision 2030 goals.

Markets

📰 U.S. Approves $8 Billion Arms Package for Israel 💣

📰 What is it about?

• The Biden administration has given provisional approval to an $8 billion arms deal with Israel, including precision-guided missiles, artillery shells, and Hellfire missiles.

💡 Why it matters?

• Reaffirms the strong U.S.-Israel relationship amid regional tensions.

• Demonstrates U.S. commitment to maintaining strategic alliances.

🔜 What’s next?

• The deal is pending approval from the Senate and House Foreign Relations Committees.

📰 Saudi Films Earn SAR 72 Million in 2024 🎥

📰 What is it about?

• Saudi Arabia’s film industry is on the rise, with 13 films grossing SAR 72 million this year. Leading the box office is The Night Courier by Telfaz11, earning SAR 28.2 million.

💡 Why it matters?

• Demonstrates Saudi Arabia’s cultural and economic growth under Vision 2030.

• Solidifies Saudi cinema’s growing influence in global entertainment.

🔜 What’s next?

• As investments in entertainment grow, Saudi Arabia is poised to become a major player in regional and international filmmaking.

🔍In other news…

1. ^{_{Microsoft is poised to invest a staggering $80 billion in artificial intelligence (AI) this fiscal year, highlighting the transformative potential of the technology, company president Brad Smith announced Friday.}}

2. ^{_{Space42, a UAE-based leader in satellite technology, will launch the Thuraya 4 telecommunications satellite into orbit, whic is built by Airbus and launched by Musk’s SpaceX Falcon 9 rocket.}}

3. _{^{Former Saudi footballer Majed Al-Jamaan is officially the new CEO of Al-Nassr Club!}}

4. _{^{Oman has resumed copper exports for the first time in nearly 30 years}}

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