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The Latest Breaking News from SAMA

Dollar doomsayers can relax: Iran's 'petroyuan' gambit won't topple the greenback

The petrodollar story is overstated, and increasingly outdated.

Fortune

Meta Workers Reveal Some Of The Disturbing Things They’ve Seen Through Users’ Smart Glasses

Mark Zuckerberg’s Meta was sued by two U.S. citizens as a recent investigation into their AI smart glasses revealed alarming privacy violations.

Bored Panda

Meta's AI Smart Glasses' Intimate Footages Reviewed by Actual Humans in Kenya, Privacy Lawsuit Reveals

Meta faces US class action after Swedish probe found Kenya-based contractors reviewed intimate footage from Ray-Ban AI smart glasses.

International Business Times UK

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Qatar Airways launches QVerse Island, virtual Doha experience in Fortnite

Qatar Airways has launched QVerse Island in Fortnite, a virtual representation of Doha designed to inspire travel. Players explore iconic landmarks and complete missions, with opportunities to win real flights and rewards. This initiative leverages gaming to engage potential travelers early in their planning process.

The Times of India

Saudi Central Bank releases bank holiday schedule through 2029

The Saudi Central Bank has released a 2026-2029 holiday schedule for financial institutions, aiming to enhance market transparency and operational continuity. This long-term plan provides advance notice for major religious observances like Eid Al Fitr and Eid Al Adha, alongside fixed national holidays, enabling better financial planning for businesses and…

The Times of India

Can Kenya Attract The Outsourcing Jobs Of The AI Future?

In a leafy Nairobi suburb, a Kenyan firm helps foreigners track shoplifters, monitor lung damage from Covid-19 and identify whales -- tapping into the outsourcing market's artificial intelligence-boosted boom.

International Business Times

Africa’s data workers are being exploited by foreign tech firms – 4 ways to protect them

Data workers in Africa often have a hard time. They face job insecurities – including temporary contracts, low pay, arbitrary dismissal and worker surveillance – and alarming physical and psychological health risks. The consequences of their work can include exhaustion, burnout, mental health strain, chronic stress, vertigo and weakening of…

The Conversation

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PTSD, depression and anxiety: why former Facebook moderators in Kenya are taking legal action

Ex-staff at outsourcing company Samasource claim they vetted unspeakably graphic videos in harsh conditions

The Guardian - UK

Meta Loses Appeal In Kenyan Labor Court Ruling

Kenyan court allows lawsuit against Meta for mistreatment of content moderators to proceed, raising concerns over well-being of moderators.

Top News

Facebook loses jurisdiction appeal in Kenyan court paving the way for moderators' case to proceed

Meta, Facebook’s parent company, has lost an appeal in a Kenyan labor court

The Independent UK

How Qatar Airways is harnessing the power of AI to improve the passenger experience

Sama’s latest upgrade takes the world’s first AI Digital Human cabin crew service to new heights

Tom’s Guide

Kenyan Facebook moderators accuse Meta of not negotiating sincerely

The lawyer representing 184 former Facebook content moderators based in Kenya who have sued the site's parent company, Meta, over working conditions and pay has told the judge that Meta was not sincere in trying to reach an out-of-court settlement as agreed in the last court session

The Independent UK

CEO regrets her firm took on Facebook moderation work after staff ‘traumatised’

Outsourcer Sama facing legal cases brought by Kenya-based employees alleging exposure to graphic content

The Guardian - UK

Facebook content moderators in Kenya call the work 'torture.' Their lawsuit may ripple worldwide

Nearly 200 former content moderators for Facebook are suing the company and a local contractor in a court case in Kenya that could have implications for the work worldwide

The Independent UK

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The Guardian - UK

‘A watershed’: Meta ordered to offer mental health care to moderators in Kenya

Trauma experienced by staff at Nairobi Facebook hub recognised in legal ruling that may have global implications

Birmingham Post

Investor reveals plans for former Birmingham council offices

Sama Investments acquires 1 Lancaster Circus last year and now wants to create a 'memorable place to live, work and stay'

Asharq Al-Awsat

Saudi Banks Safe from Troubled US Banks

Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA), ruled out any transactions between Saudi banks and troubled US banks, affirming that the Kingdom’s banking sector enjoys capital adequacy and reassuring liquidity. Al-Sayari spoke with Al-Arabiya TV on the sidelines of the Financial Sector Conference in Riyadh when he added that…

The Guardian - UK

High-profile lawsuit against Meta can be heard in Kenya, Nairobi court rules

Decision on case of ex-Facebook moderator, who claims the work left him with PTSD, hailed as win for accountability of big tech in Africa

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Asharq Al-Awsat

SAMA: New System Seeks to Expand Banking Activities

The Saudi Central Bank (SAMA) said that it expected the new project to regulate the banking system in the country to expand the definition of banking business, include the granting of credits, and specify accurately the system objectives and scope. In a statement on Thursday, SAMA said that one of…

Asharq Al-Awsat

Saudi Arabia Seeks to Accelerate Development of Digital Currency

As the Saudi Central Bank (SAMA) said on Monday that it was carrying out experiments with a central bank digital currency and exploring the potential benefits and risks of its use, economists told Asharq Al-Awsat that the local market was ready and enjoyed the ability to deal with the project…

Asharq Al-Awsat

Saudi Arabia Grants 90,000 Licenses as Real Estate Brokerage Law Comes into Force

Saudi Real Estate Authority said that it had received, through its electronic services, over 89,000 requests for real estate licenses in just two days after the real estate brokerage law came into force. The Authority issued over 72,000 licenses to individual practitioners and 17,100 licenses to establishments. Spokesman Tayseer al-Mufarrej…

Asharq Al-Awsat

SAMA to Begin Implementation of Basel III Reforms in Early 2023

The Saudi Central Bank (SAMA) announced on Wednesday that the Basel III reforms would come into force in the Kingdom’s banking sector in January 2023. “The move is in line with the internationally agreed timeline set by the Basel Committee on Banking Supervision,” SAMA said in a press statement. The…

Asharq Al-Awsat

‘Tarabut Gateway’ CEO: Open Banking Has Tripled in The Middle East

Abdulla Al-Moayed, CEO and founder of the Dubai-based fintech company Tarabut Gateway, revealed that open banking has become a strategic option for growing digital transformation in regional countries as they move towards digital payments and cashless societies. Banking through fintech in the Middle East has tripled at a time when…

Asharq Al-Awsat

Saudi Arabia to Expedite Opening of Accounts for Foreign Companies

The Saudi Central Bank (SAMA) has called on local banks to facilitate and speed up the procedures for opening accounts for foreign companies, in order to encourage them to transfer their regional headquarters to the Kingdom. The step is aimed at strengthening the country’s economy, providing employment opportunities, and boosting…

Asharq Al-Awsat

Interest Rates Put Pressure on Lending, Limit the Liquidity of the Saudi Financial Market

Financial specialists attributed features of liquidity scarcity in the Saudi financial and banking sector to the effects of raising interest rates and increasing the Saudi Interbank Offered Rate, or Saibor, along with the emergence of attractive investment opportunities. According to specialists, the interest rates rose in parallel with the decline…

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