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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.

  • Chart: Disappearances Continue in Syria

    According to a report newly released by The Syrian Network for Human Rights (SNHR), at least 155,604 people arrested in Syria between March 2011 and August 2023 are still under arrest and/or have been forcibly disappeared. This includes at least 5,213 children and 10,176 women.

  • 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.

  • China Eyes Partnership With Gulf Countries For Space Exploration

    Developing the space sector and engaging in ambitious exploration plans requires massive upfront capital expenditure for projects that may not pay off for several years. These are investment time horizons with which Gulf countries not only have significant experience from oil and gas, but also match their long-term strategies to diversify their economies. The expansion of space activities is accelerating across the region thanks to advances in the technologies that constitute the Fourth Industrial Revolution (4IR) – blockchain, artificial intelligence, 3D printing, materials science, nanotechnology and biotechnology – that have decreased satellite launch costs and increased the capabilities of smaller satellites.

  • Libya’s foreign minister fired after meeting Israeli counterpart 

    Libya’s Foreign Minister Najla al-Mangoush has been dismissed from her post after she met her Israeli counterpart in Italy last week. Her dismissal, first reported by Al Jazeera, comes after she was suspended from her role on Sunday and shortly afterwards fled the country and headed to Turkey. There is also mounting pressure on the Libyan government to explain how Mangoush left Libya when she was on a list of people barred from leaving the country pending the conclusion of an investigation.

  • 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.