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  • Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation

    Data obtained by Reuters through Refinitiv Eikon ship tracking showed Saudi Arabia imported 647,000 tonnes (48,000 barrels per day) of fuel oil from Russia via Russian and Estonian ports in April-June this year. That was up from 320,000 tonnes in the same period a year ago.

  • Saudi sovereign fund to become Aston Martin’s no.2 shareholder

    Saudi Arabia's sovereign wealth fund will become the second-largest shareholder of Aston Martin (AML.L) with a nearly 17% stake in a capital raise aimed at paying off debt and shoring up its business, the British luxury carmaker said on Friday. The company, faced with with high debt, a torrid stock fall and a struggling Formula One team, said it planned to raise 653 million pounds ($773.15 million) through PIF's 78 million pound investment and a separate rights issue of 575 million pounds.

  • Saudi Crown Prince’s $500 Billion ’Smart City’ Faces Major Setbacks

    Nonetheless, the chaotic trajectory of Neom so far suggests that MBS’s urban dream may never be delivered. The same is true of his broader plans for economic transformation. In the crown prince’s telling, Saudi Arabia will soon be a center of innovation and entrepreneurship, free of the corruption and religious extremism that have long held it back. But to his critics, this promised future is a veneer, a layer of technological gloss over a core of repression, kleptocracy, and—above all—indefinite one-man rule.

  • Saudi business giant eyes £1bn sustainable aviation fuel plant to kickstart UK green investment drive

    One of Saudi Arabia’s largest greentech specialists and manufacturing firms has outlined plans to invest billions in UK green infrastructure projects, with a £1bn sustainable aviation fuels (SAF) plant currently in the design phase.

  • Saudi team saves life of Iranian medical mission head for Hajj after heart attack

    A Saudi medical team saved the life of the Iranian medical mission head for Hajj after he suffered a heart attack, the official Saudi Press Agency reported on Monday. The Iranian man, Mohammad Reza Gholamreza Refatiani, had a heart attack while performing Hajj rituals.

  • Saudi dissident killed in Lebanon, opposition party says

    Lebanon's internal security forces said a 42-year-old Saudi citizen had been stabbed to death by his two brothers in a family dispute on Saturday, without publishing the victim's name. It said that security forces had arrested the two brothers on Sunday and that they had confessed to the killing. A Lebanese security source confirmed to Reuters that the victim of the stabbing was Manea al-Yami.

  • Can Saudi cash injection propel Aston Martin share price?

    Saudi Arabia’s Public Investment Fund is in talks with Aston Martin Lagonda (AML) about taking a stake in the UK luxury motor manufacturer. Aston Martin is facing the challenge of funding its next generation of sports cars, and its first push into electric vehicles, the business is saddled with debt and producing no net cash. It’s share price has been down 68% this year and 40% this month. So, can the Saudis bring the Aston Martin share price back to life?

  • U.S. Army conduct medical training with Royal Saudi Land Force partners

    U.S. Soldiers with Task Force Hurricane from the 1st Battalion, 124th Infantry Regiment, and Royal Saudi Land Force Soldiers conduct a nine-line medical evacuation onto a U.S. Army HH-60M MedEvac Black Hawk helicopter assigned to Task Force Longhorn, at Prince Sultan Air Base, Kingdom of Saudi Arabia, May 25, 2022. Tactical combat casualty care and medical evacuation training are essential skills for the U.S. Army and our allies in order to maintain joint mission readiness and interoperability.

  • Saudi’s Haramain high-speed train ready to start operations

    The Saudi Arabia Railways (SAR) has completed the preparatory operation for the Haramain High-speed Train before operations, which will start next Thursday, with the start of transporting pilgrims from Mina to Arafat. During the recent months, SAR has carried out maintenance and testing operations for the readiness of trains and stations in line with the highest standards of safety and quality to ensure the operation of the train among nine stations in the holy sites, reported Saudi Press Agency (SPA).

  • Sentiance enters the Kingdom of Saudi Arabia market in partnership with iDRIVE

    Sentiance is pleased to announce the collaboration with iDRIVE as our first partnership in the Kingdom of Saudi Arabia. iDRIVE is the leading solution in the field of smart mobility and the first car sharing company in Saudi Arabia. Different from other car-sharing companies, iDRIVE owns their vehicles, they offer the newest models to meet people's different needs. Their vision is to offer affordable transportation for people in Saudi Arabia, moreover, car sharing is an aid in protecting the environment and saving money.