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  • Who’s Who: Alaa Fadan, CEO and chairman of Telfaz11

    Over the past 12 years, Fadan has played a pivotal role in building Telfaz11 into what it is today. Under his leadership, Telfaz11 has become one of the most prominent media companies in the region, representing a new generation of local creators and storytellers and crafting an ambitious vision for the evolving Saudi media industry.

  • Pakistan Nears IMF Bailout Pact After Tax Plan Approved

    An agreement is expected to be finalized within three days after most issues were resolved, ARY News reported, citing Hamed Yaqoob Sheikh, secretary at the finance ministry. A bill that will increase the general levy to 18% from 17% and boost tax on imports of luxury items such as mobile phones to 25% from 17% was approved by the parliament.

  • Diriyah: The latest ‘giga project’ aiming to transform Saudi Arabia

    On the edge of the Saudi capital, Riyadh, is another giga-project that aims to attract 27 million of those annual visitors to a 14-square-kilometer site filled with historical and cultural attractions. Considered to be the birthplace of the nation, Diriyah is the ancestral seat of the Al Saud dynasty and home to the UNESCO World Heritage Site of At-Turaif, the site of the First Saudi State, established in 1727. Diriyah has huge significance for modern Saudi Arabia, both historically and culturally. And as a key giga-project in the Kingdom’s Vision 2030 plan, there’s pressure to get it right.

  • Mubadala comes on board for $3 billion UAE-Oman rail link

    The cooperation agreement with Mubadala will include the formation of working groups and joint committees to share knowledge and expertise and deliver economic and financial feasibility studies, in addition to joint investments in the development of the network.

  • Diriyah: The latest ‘giga project’ aiming to transform Saudi Arabia

    The Kingdom of Saudi Arabia may have only just started out on its tourism journey, but it’s going big. Bigger than big. So big, in fact, that the country is focusing its efforts on what it’s calling “giga-projects,” developments that form a key part of the Kingdom’s Vision 2030 plan to create new economic ecosystems and drive diversification. Saudi Arabia aims to attract 100 million visitors a year before 2030, no small goal considering that the country only welcomed its first eVisa-carrying tourists in 2019.

  • A Qatari bid for Manchester United raises issues for European soccer

    In a statement confirming the bid, the sheik said the funds would come from the Nine Two Foundation, an entity of which there is little public record. But his wealth is tied to the QIB, which is, in turn, 50% owned by the Qatari Investment Authority, the investment branch of Qatar’s sovereign wealth fund. The QIB chairman is the son of Hamad bin Khalifa Al Thani, the powerful former emir of Qatar who was also a former head of the country’s sovereign wealth fund. Sheik Jassim’s brother, Sheikh Tamim bin Hamad Al Thani, is the current emir of Qatar.

  • Sanction-hit Russia Displays Combat-tested Arms at UAE Fair

    Russia showed up in force Monday at an arms fair in the United Arab Emirates, displaying combat-tested weapons up for export, including rifles and air defense systems. At an isolated pavilion at the International Defense Exhibition (IDEX) in Abu Dhabi, Moscow's state arms exporter Rosoboronexport said it had more than 200 full-scale models of armament, ammunition and military gear. Russian armored vehicles, attack helicopters and anti-aircraft missile systems were also on display at IDEX, which opened Monday, as crippling Western sanctions push President Vladimir Putin to seek new markets for arms exports.

  • Saudi Earthquake Response Emphasizes Aid to All Parts of Syria

    Riyadh’s approach to humanitarian assistance and charitable giving, evident in the Syria relief effort, reflects significant organizational changes in line with the kingdom’s broad transformation agenda.

  • UAE cancels UN vote against Israel settlements, following US-brokered deal

    The United Arab Emirates (UAE) has informed the United Nations Security Council of its decision to no longer call for a vote today on a draft resolution against Israel's expansion of illegal settlements, agreeing with the Palestinian Authority (PA) to drop the opposition following intervention by the United States.

  • Explainer: Which industries pay CO2 costs in Europe?

    The price of carbon emissions permits in Europe's carbon market, the world's most established, hit a record high of 100 euros ($107) per tonne on Tuesday. Here's what you need to know about the European Union's emissions trading system (ETS) and sectors affected by rising costs in the scheme: