News

Saudi Arabia To Transform Downtown Riyadh By 2030

By 2030, the massive development project will add $48 billion to the country’s GDP and generate more than 334,000 jobs.

Published

2 years ago

February 21, 2023

Nour Nasir

saudi arabia to transform downtown riyadh by 2030

Public Investment Fund

Saudi Arabia has announced ambitious plans to transform downtown Riyadh into a major global mega-city. To make the project a reality, Saudi Crown Prince Mohammed bin Salman launched the New Murabba Development Corporation (NMDC) to aid planning and construction.

The 19 square kilometer site to the northwest of Riyadh will be designed from the outset as a smart and sustainable downtown area, able to hold 20 buildings the size of New York’s trademark Empire State building.

According to the state news agency SPA, the NMDC’s civil engineering project will have over 80 cultural and entertainment venues, a technology and design university, a museum, and an immersive multi-use theater when completed in time for Expo 2030, which Saudi Arabia could potentially host.

Also Read: Hub71 To Invest $2 Billion In New Web3 Startup Ecosystem

The New Murabba project will be centered around sustainability and feature green areas, plus walking and cycling paths to enhance the quality of life and promote healthy, active lifestyles. As well as significantly boosting the well-being of Riyadh citizens, it’s hoped that by 2030, the project will have added $48 billion to the country’s GDP and generated 334,000 jobs.

News

Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

18 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

Also Read: A Guide To Digital Payment Methods In The Middle East

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.