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Saudi Arabia to join Miss Universe for the first time
27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.
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OPEC and IEA Agree on Something
The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), two of the leading global energy forecasters, have long disagreed on demand growth. They agree on this however.
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Saudi Non-Oil Activity reaches 50% of GDP as Economy Continues to Diversify
Non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever, the Ministry of Economy and Planning said on Thursday. The total non-oil economy was worth $453 billion at constant prices, driven by continued growth in investment, consumption and exports.
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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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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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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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Khalid bin Musaed bin Saif bin Abdulaziz Al-Saif (1953-2024)
*A note from SUSTG’s President, Richard Wilson.* My friend, Khaled Al-Saif, a true Saudi patriot, passed away on February 18.
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2nd Edition of FII in Miami, Florida Kicks Off Tomorrow
Leaders from the public and private sector, business and finance executives and others will descend this week on Miami for the second FII event to take place in that city to discuss potential solutions to the planet’s ongoing conflicts and climate change, as well as artificial intelligence.
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What it’s like to live in Saudi Arabia during Riyadh Season, PIF-backed Alat launches with eyes on a big impact, and more…
The boys are back for their normal format and catch up on just some of the seemingly endless new developments and storylines emerging from Saudi Arabia of late.
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MUST-READS
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Iran: Meet the ultra-conservative election winners taking over parliament
Iran's recent parliamentary elections have seen prominent ultra-conservatives secure top positions, marking a significant shift in their favour on the benches of the Islamic Republic's Consultative Assembly. The 1 March elections, the first held since protests swept the nation following the death in police custody of 22-year-old Mahsa Amini in September 2022, recorded a turnout of just 41 percent, the lowest figure since the 1979 revolution. With reformists mostly boycotting the ballot and voters abstaining in protest, the principlist Omana coalition, backed by President Ebrahim Raisi, and the Endurance Front, allied with former Islamic Republic Guard Corps (IRGC) commander and parliamentary speaker Mohammad Baqer Qalibaf, were the notable contenders.
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Saudi Arabia announces Eid Al Fitr holidays for public and private sectors from April 8
Saudi Arabia has announced a four-day holiday for both public and private sector employees for Eid Al Fitr from Monday, April 8.The Ministry of Human Resources and Social Development confirmed the holiday, allowing most workers to enjoy a long break from Monday until Saturday.
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CEO interview: Riyadh’s King Abdullah Financial District is being ‘activated’ in 2024
This year will see the "activation" of the King Abdullah Financial District (KAFD), according to the CEO of the firm developing the project, and will involve building more infrastructure, including car parking spaces, more office spaces, retail and the district’s “green lung”. Gautam Sashittal, CEO of KAFD Development and Management Company (KAFD DMC), said 95 buildings have been delivered in the district so far, amounting to 50% of the district area already being built on, an area of 1.6 million square metres. “Our challenge today is to keep the city active as we build for the future. So we already have 10 new projects that are either in design or under construction,” he said.
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As dust from elections settles, Iran’s conservatives clash over spoils
The recent parliamentary and Assembly of Experts elections in Iran have seen hardliners score decisive victories against more traditional conservatives. In the aftermath of the Mar. 1 polls, divided conservatives have been battling out their differences in public. This comes despite the supreme leader warning against sowing differences for political gains.
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Saudi Arabia leads global innovation with tech investments: Honeywell CEO
Saudi Arabia’s proactive leadership and investments in advanced tech solutions have positioned it as a global innovation leader, according to a top official. During the LEAP 2024, Anant Maheshwari, president and CEO of Honeywell’s Global High Growth Regions portfolio, told Arab News that Saudi Arabia was a “crucial market” for the company, being one of only “three countries globally that is led as an independent market.”
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Saudi Arabia’s NEOM unveils private residential golf community project Gidori
The project’s progressive architecture centerpiece is a beach-front complex with a cantilevered structure that rises from the coastal landscape. “It will house 190 luxury sea-view apartments alongside a range of dining experiences, signature retail stores and garden spaces,” NEOM said in a statement.
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DeepFest 2024: Bilingual Saudi-made humanoid robot, NASA’s innovations and more
Co-located with LEAP, the world’s most-attended tech event, and powered by the Saudi Data and Artificial Intelligence Authority (SDAIA), the second edition of DeepFest is set to feature 150-plus leading AI experts and 120 global AI companies between now and March 7. On an opening day that saw presentations from the likes of HTC, Accenture, and Microsoft, Dr Yaser Al-Onaizan, CEO of SDAIA, opened the event by introducing the day’s theme as “The Dawn of AI” in front of a line-up of international thought-leaders, practitioners, policymakers, and academics from different fields to provide a 360 view of AI and its future.
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Saudi Arabian private capital increasingly focused on domestic growth in 2024 and beyond
The report finds two key themes are driving the future of Saudi Arabia’s position in the private capital landscape: The first theme is Saudi Arabia’s government, investors, and corporates are fostering partnerships with fund managers to bring further knowledge, infrastructure development, and co-investment to the country. From fund managers’ perspectives, Saudi Arabia is now more than just a location for raising investor capital. The second theme is Saudi Arabian appetite for domestic investment through private markets, which continues to swell as home-grown entrepreneurialism, and so investment opportunities, burgeon.
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Mastercard partners with Loop to launch innovative payment solutions in Saudi Arabia
Mastercard has partnered with Loop, a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop expand its portfolio, enhance its suite of products and services through leveraging Mastercard technology and expertise. Having signed an exclusive issuing agreement, Loop and Mastercard will partner to issue BIN ranges, enabling consumers, merchants and fintech’s across the Kingdom to benefit from innovative payment solutions.
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Patty Tavatanakit Wins 2024 Aramco Saudi Ladies International
Patty Tavatanakit fired an exceptional final round of 65 (-7) to win the 2024 Aramco Saudi Ladies International Presented by PIF by seven shots. The major champion produced a wire-to-wire victory with rounds of 66-70-69-65 at Riyadh Golf Club to win with a score of 18-under-par. It is a fifth professional victory for the 24-year-old, her first on the Ladies European Tour (LET) and her first since winning the 2021 ANA Inspiration. “It’s been a long time since I’ve played this good,” she said. “It’s very emotional, I’m very emotional right now with how I have overcome that and looking back it was just one day at a time, keep working hard.
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