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  • Saudi Arabia’s PIF Raises Up to $5 Billion Loan With Korea Export Agency

    Saudi Arabia’s sovereign wealth fund raised a loan of up to $5 billion from a group of nine banks in a deal that involves the Korean export credit agency to help boost trade between the two countries. The Public Investment Fund, which manages about $778 billion in assets, has agreed the initial $3 billion loan with a tenor of 13 years with Korea Trade Insurance Corp. and has an option to boost it to $5 billion, according to a statement on Tuesday.

  • Ancient 20-inch-long hand ax discovered in Saudi Arabia may be world’s largest

    Archaeologists in Saudi Arabia have discovered what may be the world's largest prehistoric hand ax. The stone tool measures 20.2 inches (51.3 centimeters) long and, despite its size, is easily held with two hands, according to a statement. An international team of researchers found the basalt hand ax on the Qurh Plain, just south of AlUla, a region in northwest Saudi Arabia. Both of the hand ax's sides have been sharpened, suggesting that it could have been employed for cutting or chopping. However, it's still unclear how the stone tool was used and which species, for instance Homo erectus or Homo sapiens, crafted it.

  • Saudi Arabia Brings In Airline Passenger Compensation: Up To $1,750 For Lost Bags

    Saudi Arabia has introduced new compensation rules for airline passengers, some of which entitle travelers to up to 200% of their ticket price. The new guidelines cover several circumstances affecting the journey of air passengers, such as flight cancelation or delay, lost baggage, flight overbooking, and even a change of cabin class.

  • Saudi Arabia Brings In Airline Passenger Compensation: Up To $1,750 For Lost Bags

    Saudi Arabia has introduced new compensation rules for airline passengers, some of which entitle travelers to up to 200% of their ticket price. The new guidelines cover several circumstances affecting the journey of air passengers, such as flight cancelation or delay, lost baggage, flight overbooking, and even a change of cabin class.

  • Fifth Dakar Rally To Be Staged In Kingdom Of Saudi Arabia

    The iconic rally will kick off with the Prologue stage on January 5 at historical AlUla, home to Saudi Arabia’s first UNESCO World Heritage Site. The Hegra archaeological site features monumental tombs, sandstone outcrops, historic dwellings, and monuments – both natural and human-made – that hold 200,000 years of largely unexplored human history.

  • ‘Unrealistic’ Land Pledges Weaken US, Saudi Arabia Climate Goals

    More than 100 countries have pledged about 1 billion hectares (3.9 million square miles) of land — more than the continental United States — to restoring ecosystems and planting trees, an attempt to meet their climate targets that new research says is “unrealistic.” The US, Saudi Arabia, Canada, Australia and other high-income countries made some of the largest land pledges, based on emissions-reduction plans submitted to the United Nations. By protecting nature and planting trees,  countries say they will reduce the amount of CO2 in the atmosphere, lessening their overall emissions. The study, conducted by a team of researchers at the University of Melbourne and Climate Resource, found more than 80% of land was pledged by just 10 countries, with scant details on which parcels of land might be used for carbon removal, and how. Half of all land pledges required a change in use, for example clearing existing vegetation or food crops to grow bioenergy crops or plant trees. Two countries, Saudi Arabia and the US, accounted for two-thirds of these kinds of plans.

  • Foster + Partners Designs Model Village for Saudi Arabian Pavilion at Expo 2025 Osaka

    Foster + Partners has been selected to design the Kingdom of Saudi Arabia’s pavilion for Expo 2025 Osaka. Positioned at the Yumeshima waterfront, the pavilion aims to evoke the essence of Saudi Arabian towns and cities while providing an engaging spatial experience. Overall, the design aims to immerse visitors through audio-visual elements and offer them a glimpse into the marvels of Saudi Arabia.

  • Saudi Arabia’s Al-Ittihad appoint Argentine Gallardo as new manager

    Saudi champions Al-Ittihad have named Argentine Marcelo Gallardo as coach through to 2025 following the sacking of Nuno Espirito Santo, the club said on Saturday. Gallardo returns to management after leaving River Plate last year following an eight-year spell that saw him guide the team to 14 titles, including two Copa Libertadores, making him the club's most successful coach.

  • Saudi Arabia approves trial run of hydrogen trains

    Rumaih Al-Rumaih, chairman of the Saudi Transport General Authority (TGA), has handed over the operating license for the trial run of hydrogen trains in the Kingdom to Bashar Al-Malik, CEO of the Saudi Arabia Railways (SAR).

    The hydrogen-powered train is noted for zero-carbon emission and environment friendliness. This also represents a significant stride toward sustainable and innovative railway transportation.

  • Saudi Arabia amps up AlUla’s heritage offerings

    AlUla in Saudi Arabia is banking on its centuries of heritage to attract international visitors as the country continues its ambitious tourism development. The north-western city is believed to have had a settlement since 5000 BC and the Royal Commission for AlUla is working to protect its unique cultural and natural heritage as one of the area’s strongest tourism assets.