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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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New Imagery Released of F1 Circuit at Forthcoming Entertainment City Qiddiya
Saudi Arabia has released computer-generated images of its planned new racing circuit in the forthcoming mega entertainment project Qiddiya, which will feature a 20-story-high elevated first corner and a swimming pool overlooking a section of track, according to reports.
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Saudi PIF, Bahraini Counterpart Mumtalakat Sign Agreement to Boost Cooperation and Investment
Saudi Arabia’s Public Investment Fund (PIF) and its Bahrani counterpart, Mumtalakat, have signed a memorandum of understanding (MoU) to expand cooperation and enable new and promising investment opportunities in Bahrain.
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Israel, Gaza, and a region with shifting power dynamics with columnist Hussein Ibish
In Episode 125, the hosts welcome veteran columnist and analyst Hussein Ibish onto The 966 for his third appearance on the program to unpack the implications of Israel’s brutal war in Gaza and the shifting regional and global power dynamics since October 7th.
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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Human Capability Initiative Conference in Riyadh Concludes with Goal of Increasing Employment Rate in New Industries
The Human Capability Initiative (HCI) Conference launched this week in Riyadh at the King Abdulaziz International Convention Center under the patronage of Crown Prince Mohammed bin Salman with the goal of boosting human capital in the Kingdom.
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Riyadh Air Makes Waves at Aviation Festival of Asia 2024
New Saudi airline Riyadh Air is touting its new offering at an industry event in Asia, with the CEO and COO giving public appearances and with it a glimpse into the plans and aspirations of the startup airline.
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MUST-READS
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Opinion: The Gaza Crisis Pushes Washington and Riyadh Closer
Riyadh wants to conclude defense agreements and to advance regional peacemaking, but when it comes to Netanyahu’s government, it has no peace partner. On the contrary, Saudi Arabia must contend with an Israeli leader who has promised to launch an offensive into Rafah, creating the potential for a regional explosion that Iran will exploit. Can Saudi leaders secure and justify some kind of defense agreement with the United States without signaling that they have not turned their back on the Palestinians?
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Zain invests $427mn to expand 5G, digital services in Saudi Arabia
Saudi telco Zain KSA announced plans to invest a total of SAR1.6 billion ($427 million) to expand its 5G network and digital services ecosystem in Saudi Arabia, local press reported. The operator said it will expand its current 5G network coverage to 122 cities across the country.
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The Future of EV Charging: Spotlight on the UAE and Saudi Arabia
KSA has also made several high-profile investments through its sovereign wealth fund, the Public Investment Fund (“PIF”). In 2023, PIF and Saudi Electricity Company established a 75%/25% owned joint venture, the Electric Vehicle Infrastructure Company (“EVIQ”). EVIQ intends to install 5,000+ fast chargers by 2030 in over 1,000 locations across KSA. It also aims to promote private sector participation in the development of this network and support the localisation of research, development, and manufacturing of technologically advanced materials.
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Calls for change mount as Saudi lady doctor dies in car crash post her 24-hour shift
The Saudi medical community has mourned the loss of Dr. Aziza Fatani, a dedicated neonatal intensive care doctor who died in a car accident after completing a 24-hour shift at a hospital in Jeddah.The incident, which occurred last Sunday, has sparked widespread calls for reform in hospital work schedules.
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Satellite images show Gazans forced to cram into Al-Mawasi tent city
Once a tiny fishing village, Al-Mawasi — a Heathrow airport-sized patch of coastal land on Gaza’s Mediterranean coast — is now the fetid, thirsty and disease-filled refuge of tens of thousands of Palestinians. As Israel pounds Rafah in the south of the enclave and re-engages with Hamas in the north, more people from around Gaza are streaming towards Al-Mawasi, hoping the bombing will not follow them. A densely packed tent city has spilled on to the sewage-tainted beach close to the border with Egypt.
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The Unpunished: How Extremists Took Over Israel
Such violence over the decades in places like Khirbet Zanuta is well documented. But protecting the people who carry out that violence is the dark secret of Israeli justice. The long arc of harassment, assault and murder of Palestinians by Jewish settlers is twinned with a shadow history, one of silence, avoidance and abetment by Israeli officials.
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Multilingual Saudi women welcoming Hajj pilgrims at Medina airport sparks social media buzz
Saudi Arabia is set to welcome Hajj pilgrims with a multilingual team of women at Prince Mohammed bin Abdul Aziz International Airport in Medina.A video clip showing young Saudi women practising welcome phrases in various languages, including English, French, Turkish, and Indonesian, among others, has gone viral
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HRH Minister of Energy meets with US Secretary of Energy and they sign a roadmap for cooperation in the field of energy
Within the context of the Partnership for Advancing Clean Energy Agreement, signed by the Kingdom of Saudi Arabia and the United States of America, in Jeddah on July 15, 2022, the Ministers discussed ways to enhance cooperation between the two countries in various energy fields, including carbon management, clean hydrogen, nuclear energy, electricity and renewables, innovation, energy sector supply chain resilience, and energy efficiency.
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Saudi holdings of US Treasuries rose to $135.9B in March 2024
Saudi Arabia’s holdings of US Treasuries reached $135.9 billion in March 2024, up $4.8 billion month-on-month (MoM), new data released by the US Treasury showed. The Kingdom maintained 17th place among the largest holders of US treasury securities for the month. Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $107.3 billion, representing 79% of the total, and short-term bonds worth $28.6 billion, accounting for 21%.
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Baker Hughes To Expand Saudi Arabia Facility
Baker Hughes is expanding its Industrial & Energy Technology (IET) Damman Center in Dammam, Saudi Arabia. Once completed, the expansion is expected to create 60 new jobs and will add capacity for the manufacturing and repair of compression trains and seal-gas and control panels. In addition, the expanded site will add capabilities for the manufacturing and testing of vibration monitoring systems and gears repairs.
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