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Now West, Crown Prince Salman Meets with Tech Elite in Seattle
Saudi Arabia’s Crown Prince Mohammed bin Salman met with some of the world’s most prominent technology executives in Seattle this weekend as part of his three-week long official visit to the United States. The powerful millennial has prioritized technology as part of Saudi Arabia’s Vision 2030 social and economic reform blueprint, and has used the newly-empowered Public […]
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Crown Prince Mohammed bin Salman Meets with U.N. Secretary General in New York
Crown Prince Mohammed bin Salman continued his active visit to the United States yesterday, attending a business meeting in New York with over 200 executives, and separately meeting with the Secretary General of the United Nations, Antonio Guterres. 200 top business leaders from the U.S. and Saudi Arabia – including two dozen women – assembled in […]
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Crown Prince Mohammed bin Salman meets with SoftBank CEO in New York
The Saudi Press Agency on Monday tweeted a photo of a meeting between Crown Prince Mohammed bin Salman and Softbank CEO Masayoshi Son, saying they are “looking for a number of investment opportunities.” Crown Prince Mohammed, who wore a western-style business suit, arrived in New York for a week of meetings after visiting Boston, Massachusetts. […]
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Crown Prince Mohammed bin Salman visits Harvard, MIT in Boston
Crown Prince Mohammed bin Salman visited Harvard University and MIT in Boston, Massachusetts over the weekend to tour two of America’s premiere higher education campuses and talk about the importance of research and entrepreneurship to Vision 2030. The visit to Boston is the second stop in a weeks long tour across the United States, his first […]
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Reports: Crown Prince and Delegation to Meet with Tech, Defense, Banking Giants
Two separate reports from Bloomberg confirm that Saudi officials are eying meetings with major banking houses and technology giants during the Crown Prince’s nearly three-week long visit to the United States. The delegation currently visiting the United States will seek to meet with executives from Amazon, Apple, Google, Pfizer and other companies as they hunt for […]
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Crown Prince Mohammed bin Salman Kicks Off Two Week U.S. Visit Today with Meeting at White House
Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Washington, D.C. last night and will kick off a two week, multi-city U.S. tour with a meeting today at the White House. The Saudi embassy in Washington, D.C. issued a release providing further details on the trip, noting that in addition to meeting with President Trump […]
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Interview: Bechtel’s Millennial Saudi Country Manager Abdulrahman Al-Ghabban Discusses Company’s Activities and Ambitions in Vision 2030 Era
San Francisco-based Bechtel is one of the largest engineering, construction, and project management companies in the world, and it’s been doing business in Saudi Arabia for 75 years. Following the announcement of Saudi Arabia’s Vision 2030 economic and social reform plan, the company hired its first Saudi national as country head of its operations in the Kingdom […]
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Crown Prince Mohammed bin Salman Visits UK on Wednesday with Billions in Deals Eyed
Saudi Arabia’s Crown Prince Mohammed bin Salman will arrive to the United Kingdom on Wednesday, his second stop in a multi-national tour with a broad economic and diplomatic agenda. The Crown Prince is due to meet Prime Minister Theresa May and other senior ministers, members of the royal family, as well as security officials and […]
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Saudi Central Bank will Test Ripple Payments Technology
Ripple has struck a deal with Saudi Arabia’s central bank on a pilot program that will see banks in the country test the company’s technology, according to reports. “This ground-breaking pilot program is the first of its kind to be launched by a central bank. Participating banks from the KSA will use xCurrent to instantly settle […]
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Saudi Crown Prince Mohammed bin Salman will Visit Washington, Other U.S. Cities in Early March
The Royal Embassy of Saudi Arabia in Washington is working to organize a visit by crown prince Mohammed bin Salman to the United States in early March, the first trip to the U.S. since he became crown prince last year, according to reports. Rumors of a forthcoming visit by the powerful crown prince have surfaced in […]
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MUST-READS
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Saudi Telecom (STC AB) Posts Best First-Quarter Profit Since 2006
Saudi Arabia’s top telecom company reported its strongest first-quarter profit since 2006 as it made more revenue from business at home. Saudi Telecom Co.’s net income rose almost 6% year on year to 3.29 billion riyals ($877 million) in the first three months of the year, according to a statement on Wednesday. That beat the average analyst estimate for 3.15 billion. Revenue also exceeded expectations on the back of stronger activity in the commercial unit.
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Saudi Arabia’s $100 Billion AI Fund Says US Is No. 1 ‘Partner’
“The US is the number one partner for us and the number one market for AI, chips and semiconductor industry.” Amit Midha, the head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology Alat, discusses his strategy. He speaks with Bloomberg on the sidelines of the Milken Institute Global Conference in California. (Source: Bloomberg)
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Minister of Industry and Mineral Resources Opens Riyadh International Industry Week 2024
Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef today opened Riyadh International Industry Week 2024, which will run through May 9, at the Riyadh International Convention and Exhibition Center. The event, in which more than 500 companies, 385 international and 115 local, from 24 countries participate, was designed to embrace four exhibitions: the Saudi Exhibition for Plastics and Petrochemical Industries; Printing and Packaging; Smart Logistics Services; and Smart Manufacturing. Various capabilities will be reviewed, such as fair competition, a competitive environment, sustainability and exporting. The accompanying exhibition also includes many activities and events to support and strengthen industry in Saudi Arabia, review industry developments, and discuss ways to improve and develop them.
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Hyatt expands its footprint in Saudi Arabia with two new signings
Hyatt has signed management agreements with Knowledge Economic City (KEC) for two new Hyatt-branded hotels in Saudi Arabia, Hyatt House Madinah KEC and Hyatt Centric Madinah KEC. Scheduled to debut in the eagerly awaited Knowledge Economic City in Madinah, these properties will contribute 576 keys to Hyatt’s portfolio in Saudi Arabia.
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Riyadh Air Strengthens Partnership with Saudi Tourism Authority to Promote Sector
Riyadh Air, which is owned by the Public Investment Fund, concluded a memorandum of understanding with the Saudi Tourism Authority (STA) to boost joint cooperation as part of the national carrier’s efforts to shape the future of tourism in the Kingdom and advance air travel. The new partnership, which was signed at Arabian Travel Market (ATM) in Dubai, focuses on several key areas, including new routes and destinations, joint marketing activities, sponsorship opportunities, presence at key roadshows and international events and accessibility to tourism-related platforms. It also aims to explore collaboration in loyalty programs, leverage world-leading technology and new digital methods and engage in the Tourism Accelerator Program.
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Saudi Arabia announces stringent penalties for unauthorised Hajj pilgrims
Saudi Arabia has announced stringent penalties against individuals attempting to perform the annual Islamic Hajj pilgrimage without an official permit. The Ministry of Interior said that enforcement would begin next month, targeting those violating Hajj rules in Mecca, the Central Area, and sacred places from June 2 to June 20.
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When is Eid al-Adha? And when will Hajj 2024 begin? All you need to know
The Muslim world is gearing to celebrate Eid al-Adha this year on or around Sunday June 16, according to various astronomical calculations. The date, however, can change depending on the beginning of the Dhu al-Hijjah month. It is expected that Saudi Arabia will call on Muslims in the Kingdom to sight the crescent moon on June 6.
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Expat remittances surge in Saudi Arabia, hit two-year high
Monthly remittances of expatriates in Saudi Arabia reached SR11.9 billion in March, marking their highest in nearly two years, according to official figures. The remittances in March increased by 4 per cent against the same month last year, figures from the Saudi Central Bank showed.
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Saudi Arabia AI development head reveals they will divest from China if US steps up and asks them to
Amit Midha, CEO of Alat, Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology, stated that the country would divest from China if requested by the US. Alat is an investment firm backed by $100 billion in capital from the Public Investment Fund. Midha emphasized that while current requests focus on maintaining separate manufacturing and supply chains, Saudi Arabia would comply with US concerns and divest if partnerships with China posed issues.
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Alipay+ expands to Saudi Arabia. Good news for luxury?
Chinese fintech giant Ant Group is aggressively expanding abroad, with its eyes now on Saudi Arabia. Singapore-based Ant International, which extends the group’s innovative fintech solutions to global markets, has signed a Memorandum of Understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA) to facilitate business growth in the kingdom.
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