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  • Saudi sovereign wealth fund invests in US mixed martial arts league

    SRJ Sports Investments, which is wholly owned by the Saudi Public Investment Fund, made the agreement with the US-based Professional Fighters League (PFL). SRJ Sports Investments will acquire a minority ownership stake in the league as well as invest in new league for the region called PFL MENA to debut in 2024. They will also work together to host “mega events” in Saudi Arabia, according to a press release.

  • Team Saudi participates in the Asian Games with 19 sports

    Team Saudi is participating in the 19th Asian Games (Hangzhou 2022), hosted by the Chinese city of Hangzhou, from September 23 to October 8, with more than 12,000 male and female athletes representing 45 Asian countries. The games will see the participation of 193 male and female athletes who will compete in 19 events, namely football, basketball 5×5, handball, athletics, equestrian, darts, fencing, shooting, rowing, weightlifting, boxing, taekwondo, jujitsu, karate, kurash, Table tennis, tennis, golf, and electronic sports.

  • StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 bln

    Standard Chartered (STAN.L) said on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 billion, as part of a drive to streamline its operations. AviLease will pay an initial consideration of $700 million and is also funding repayment of $2.9 billion of net intra-group financing from the StanChart group, bringing the total consideration to about $3.6 billion.

  • Cruise Saudi announces major AROYA partnership

    COLUMBIA blue, is the chosen ship manager for AROYA Cruises. It specialises in the full management of cruise and expedition passenger vessels and provides services to some of the most renowned brands in the world. For AROYA Cruises, COLUMBIA blue will oversee the hotel management including housekeeping, guest relations, food and beverage, crew management and deck and engine management.

  • Cristiano Ronaldo and Karim Benzema are back among the goals: Saudi Pro League winners and losers as superstar forwards rediscover their mojo after slow starts

    It has been a slow start to the season for a number of the Pro League's foreign imports, but signs are that the biggest names are back to their best It took three rounds of matches, but the Saudi Pro League's biggest stars finally began to make their mark on the 2023-24 season through Thursday and Friday, as Cristiano Ronaldo and Karim Benzema kickstarted their campaigns in style.

  • Saudi Arabia Investment Is Increasing In US-Based Startups

    Earlier this month, U.S.-based networking startup Nile announced a large $175 million Series C co-led by March Capital and Saudi Arabia sovereign wealth fund Sanabil Investments. That was followed this week by Houston-based Axiom Space locking up a $350 million round led by Saudi Arabia’s Aljazira Capital — its first investment in a U.S.-based startup, per Crunchbase data — and Korean health care company Boryung Pharmaceutical. Although the two rounds may not seem to have much in common, they do share something — they illustrate the growing appetite Saudi Arabia-based investors have in U.S. startups.

  • Saudi Aramco and Microsoft join forces on thermal battery start up

    The firms have invested in US-based start up Rondo Energy which has developed a zero-carbon energy storage and delivery system that uses bricks to trap and hold heat for long periods of time. The kiln-like system uses electricity to bring bricks up to 1,500 degrees. When air is passed through this ‘battery’, it is heated to around 1,000 degrees and ready to be channelled as steam or air to power generators. The brick batteries can maintain very high temperatures with a minimal daily energy loss of just 1%, and are claimed to last for up to 50 years.

  • Saudi traveltech startup Flyakeed raises $15.2 million Series A round

    Saudi Arabia-based traveltech startup FlyAkeed has raised $15.2 million (SAR 57 million) in a Series A round led by PIF’s Sanabil Investments and Elm Company, with participation from Artal Capital and Al Rajhi Partners, according to venture data platform Jawlah.

  • Over 7m students start new Saudi academic year

    According to a report, over 6 million students enrolled in general education and 1,360,000 students in higher education and technical and vocational training started the new academic year. More than half a million male and female teachers as well as administrative staff and supervisors also resumed their duties. The Ministry of Education and the Technical and Vocational Training Corp. started preparations early for the academic year in coordination with local education departments.

  • Over 7m students start new Saudi academic year

    More than 7 million students in Saudi Arabia returned to school on Sunday, resuming their studies after a two-month summer vacation. According to a report, over 6 million students enrolled in general education and 1,360,000 students in higher education and technical and vocational training started the new academic year. More than half a million male and female teachers as well as administrative staff and supervisors also resumed their duties.