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  • Saudi court jails 3 for 18 years for money laundering, fined $133,000

    Two Saudi citizens and one resident have been sentenced to 18 years in jail and fined $133,000 for money laundering, the Saudi Public Prosecution said on Thursday. Police investigations earlier revealed that the Saudi citizens had issued commercial registers for several entities and opened bank accounts.

  • World Cup frenzy puts strain on Qatar’s camels

    Al Ali came to Qatar 15 years ago but has worked with camels since he was a child. On an average weekday before the World Cup, Al Ali said his company would offer around 20 rides per day and 50 on weekends. Since the World Cup started, Al Ali and the men he works with are providing 500 rides in the morning and another 500 in the evening. The company went from having 15 camels to 60, he said.

  • Saudi defense ministry, Spain’s Navantia sign combat ships agreement

    Saudi Arabia’s defense ministry and Saudi General Authority for Military Industries signed an agreement with Spain’s Navantia company to acquire and build a number of multi-mission combat ships for the Royal Saudi Naval Forces, the Saudi Press Agency reported on Thursday.

  • Saudi Arabia announces mechanism for obtaining ‘personal visit’ visa

    Saudi Arabia’s Ministry of Foreign Affairs announced a mechanism for obtaining a “personal visit” visa, which enables visitors to enter the Kingdom to visit friends or acquaintances who are Saudi citizens. The visa also allows individuals to travel between the Kingdom’s regions and cities, perform Umrah rituals, visit Makkah and Madinah and other religious and historical sites, and attend cultural events.

  • Salem Al-Dawsari’s strike too late for Green Falcons as Mexico prevail 2-1

    Saudi Arabia’s win over Argentina in their opening match was one of the World Cup’s great upsets, but they crashed back down to earth with a 2-0 loss to Poland in their second game. Coach Herve Renard urged his players to show that was no flash in the pan and write themselves into Saudi football history by reaching knockout rounds for the first time since 1994.

  • Have container shipping profits peaked?

    Container-shipping profits have soared during the pandemic to levels that industry veteran John McCown has variously described as “mind-bending” and “mind-altering,” peaking at $64 billion in the second quarter of this year.

  • Afghans Sink Deeper Into Despair Under Taliban’s Control

    Gallup’s surveys in Afghanistan, conducted in July and August 2022, coinciding with the one-year anniversary of the Taliban’s takeover, show life is worse for Afghans than it has been at any point during the past decade -- or for anyone else on the planet.

  • As Saudi Arabia aims to be a global events hub, these initiatives become important

    The Tahaluf Academy will provide an annual cohort of young Saudi professionals the opportunity to gain hands-on training and international events experience through a series of rotations across the global Informa business, and further benefit from an industry- recognised event professional accreditation programme.

  • Saudi Arabia’s PIF raises $17 billion in loan refinancing

    Saudi Arabia's sovereign wealth fund said on Wednesday it had secured a $17 billion loan from a group of 25 banks that will partly refinance a loan it took out in 2018. The Public Investment Fund (PIF) raised $11 billion in 2018 via a five-year loan from 15 banks, which "will be repaid early," PIF said. PIF is at the centre of the kingdom's ambitious plan to wean the economy off oil and has pledged to spend $40 billion a year domestically through 2025 to help build new industries and create jobs.

  • Saudi PIF announces $13bn investment in entertainment across 14 cities

    “SEVEN is redefining the future of entertainment in Saudi Arabia through our 21 entertainment destinations across 14 cities with more than 150 world-class attractions that enhance the quality of life for the people of Saudi Arabia. We are partnering with leading entertainment brands and will continue to do so to develop entertainment destinations like no other,” said Abdullah AlDawood, Chairman of SEVEN.