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NYT Reports on Proposed $40B Saudi AI Investment
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”
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OPEC and IEA Agree on Something
The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), two of the leading global energy forecasters, have long disagreed on demand growth. They agree on this however.
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Saudi Non-Oil Activity reaches 50% of GDP as Economy Continues to Diversify
Non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever, the Ministry of Economy and Planning said on Thursday. The total non-oil economy was worth $453 billion at constant prices, driven by continued growth in investment, consumption and exports.
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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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Al-Hilal’s Streak and Saudi Professional League Spending
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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Ramadan Fasting Projected to Begin March 11, Muslims Worldwide Prepare
Based on the Islamic lunar calendar, the dates for Ramadan move through the year which can result in significantly different daily fasting periods depending on where you live. Since there are 12 lunar months superimposed over 12 solar months, Ramadan “moves back” about 11 days per solar year.
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Saudi Arabia Transfers 8% of Aramco to Kingdom’s Public Investment Fund
Saudi Arabia has moved a roughly $160 billion stake in its state oil giant Aramco into its main sovereign wealth fund, the Public Investment Fund, according to a report in the Wall Street Journal.
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Saudi Arabia’s NEOM secures $2.7 billion new financing facility
NEOM, a unit of the kingdom’s sovereign wealth fund, secured a new revolving credit facility (RCF) worth 10 billion riyals ($2.67 billion) from local lenders, according to a NEOM statement seen by Reuters on Sunday.Saudi National Bank, Riyad Bank, and Saudi Awwal Bank acted as the lead arrangers on the new facility while other participant banks are Al Rajhi Bank, Alinma Bank, Arab National Bank, Bank Albilad, The Saudi Investment Bank, and Bank AlJazira, the press release shows.
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Saudi FM leads Gaza committee urging sanctions on Israel
Ministers gathering in Riyadh to discuss the Israeli war on the Gaza Strip stressed the urgent need for imposing sanctions on Israel, the Saudi Press Agency reported Sunday. Chaired by Saudi Foreign Minister Faisal bin Farhan, the meeting comprising dignitaries from a group formed jointly by the Organization of Islamic Cooperation (OIC) and Arab League convened to address developments in Gaza.
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Saudi government mandates national dress for civil servants to showcase national identity
Saudi Arabia has introduced a new regulation mandating the national dress for government employees as a sign of pride in the country’s identity.According to the directive, employees of Saudi government agencies must wear the traditional “thobe, ghutra or shemagh” while at work.Exceptions are made for professions requiring specific attire, such as doctors, engineers and health practitioners.The regulation applies across all government agencies, with authorities set to provide regular reports on compliance.
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Graham expects Biden will have GOP support if he strikes Israel-Saudi deal
“I’m here on national television telling the Biden administration, if you can land this deal I think you’ll have a lot of Republican support in the United States Senate for a treaty between Saudi Arabia and the United States, because [it will] be good for Israel, it will be good for the world,” the South Carolina Republican said Sunday during an interview on CNN’s “State of the Union.”
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Host Saudi tells global economic summit the world has failed Gaza
Speaking in Riyadh, Palestinian president Mahmud Abbas said the United States "is the only country capable" of preventing Israel's long-feared invasion of Rafah city in southern Gaza. "We appeal to the United States of America to ask Israel to stop the Rafah operation," he said, warning it would harm and displace civilians, and be "the biggest disaster in the history of the Palestinian people". Read more: https://www.al-monitor.com/originals/2024/04/host-saudi-tells-global-economic-summit-world-has-failed-gaza#ixzz8Yn0qFW4X
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What are the Saudi Festival Seasons?
The Saudi Seasons, a series of festivals held at different locations in the Kingdom throughout the year, attracts visitors from all over the world to explore this dynamic country and experience the best of both Saudi and international arts, culture, sports and entertainment.
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Saudi Tadawul shareholders approve 23% dividend for 2023
Saudi Tadawul Group’s shareholders approved the payment of a cash dividend at 23% of capital, or SAR 2.30 a share, for 2023, during the ordinary general meeting (OGM) held on April 25, according to a statement to Tadawul.
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Long-term plans of Saudi Vision 2030 support economic flexibility: Al-Jadaan
“Saudi Vision 2030’s objectives are on track at 87%”, the Saudi minister assured, indicating that there is still a bundle of challenges that requires modifying some projects, accelerating a number of them, and reducing the size of other projects.
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Saudi Finance Minister Warns Geopolitics Is Top Economy Risk
Jadaan also called on leaders to “do everything we can” to de-escalate, echoing comments more broadly made by Saudi government officials around Israel’s war against Hamas and tensions between Iran and Israel. The situation in the Middle East contributed to oil prices climbing above $90 a barrel earlier this month, keeping the pressure on inflation. Gold, a safe haven asset, also hit a record high in April.
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Host Saudi Tells Global Economic Summit The World Has Failed Gaza
Saudi Arabia on Sunday said the international community has failed Gaza and reiterated its call for a Palestinian state at a global economic summit attended by a host of mediators.
"The situation in Gaza obviously is a catastrophe by every measure –- humanitarian, but also a complete failing of the existing political system to deal with that crisis," Foreign Minister Prince Faisal bin Farhan said during the first day of a Saudi-hosted World Economic Forum special meeting. Only "a credible, irreversible path to a Palestinian state" will prevent the world from confronting "this same situation two, three, four years down the line," he said. - 10 of 57575 results<< 1 … 3 4 5 … 5,758 >>