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FIFA Series 2024 Friendly Matches Kick Off in Jeddah
The FIFA Series: Saudi Arabia A will be held in Jeddah, Saudi Arabia from March 21–26, 2024. The event will feature two groups, including Cambodia, Equatorial Guinea, Guyana, and Cape Verde. The series is designed to help national teams that do not often play teams from other confederations, and FIFA will cover the teams’ travel costs. There will be […]
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NYT Reports on Proposed $40B Saudi AI Investment
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”
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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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Al-Hilal’s Streak and Saudi Professional League Spending
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
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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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UAE cloud seeding did not take place during heavy rains, says NCM: Reports
The UAE weather bureau has denied claims that its cloud seeding program was responsible for the recent heavy rainfall that caused widespread flooding in the country. The National Centre of Meteorology (NCM) confirmed on Wednesday that no cloud seeding missions were conducted during the torrential rain on Tuesday, according to local reports.
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Saudi Arabia ramps up regional diplomacy to avert Iran-Israel war
“We are already in an unstable region, and the humanitarian catastrophe in Gaza is already inflaming the region,” Prince Faisal told a press conference with his Pakistani counterpart in Islamabad. “We do not need more conflict in our region; we do not need more confrontation in our region, so it is our position that the de-escalation must be everybody’s priority.”
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Humans and their livestock have sheltered in this Saudi Arabian cave for 10,000 years
A first-of-its-kind study in northwestern Saudi Arabia suggests that humans and their livestock have been using a cave for shelter sporadically for up to 10,000 years. The finding1 offers insight into the region’s history and ecology. In the past decade, satellite data and fossil finds have suggested that the Arabian Peninsula was not always an arid desert. Periods when the region contained lakes and lush greenery might have drawn people and animals there from Africa, according to the study’s authors.
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Grab the popcorn: Cinema Nights is back
Film enthusiasts, you’ll be happy to know the star-studded Red Sea International Film Festival has partnered with the Diriyah Biennale Foundation to bring the popular cinematic event to our capital’s doorstep –yes we’re talking about Saudi Cinema Nights. Inching its way towards becoming a hotspot for the film industry, with stunning locations like the Red Sea and UNESCO World Heritage sites like Turaif and Al Balad, it’s an obvious pick.
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Saudi Arabia now hiring female domestic workers from 33 countries
The number of countries from which female domestic workers can now be recruited in Saudi Arabia has surged to 33 after several countries have recently been added to the hire list in the kingdom, thus expanding options for employers.The latest additions included Ethiopia, Burundi, Sierra Leone, Tanzania and Gambia.
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Saudi Arabia’s air transport sector sees 26 percent passenger growth, exceeding 112 million in 2023
The air transport sector in Saudi Arabia achieved in 2023 remarkable growth, as announced by the General Authority of Civil Aviation (GACA). Passenger traffic reached a record-breaking 112 million, reflecting a significant 26 percent increase compared to 2022 and exceeding pre-pandemic levels (2019) by more than 8 percent. This robust performance underscores the successful recovery of the transportation sector from the impact of the COVID-19 pandemic.
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Sand to Sky Episode 1: Inside the exciting future of Saudi Arabia’s Diriyah
The first episode of Sand to Sky puts the spotlight on the City of Earth’s experiential development journey -
$410 billion in investments propel Saudi Arabia’s mining sector growth
Saudi Arabia’s mining sector is undergoing a significant transformation and is gearing up to become one of the key pillars of economic diversification efforts outlined in Vision 2030. The latest report from the National Industrial and Mining Information Center reveals that Saudi Arabia issued 152 industrial licenses in January alone, bringing the total number of operating and under-construction factories in the Kingdom to 11,672. These factories represent a combined investment of SAR1.539 trillion ($410.4 billion).
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Saudi Arabia plans to tap Islamic bond market to raise funding for Neom
Saudi Arabia is looking to raise over a billion dollars for the Neom megacity project from the sale of Islamic bonds, following reports that ambitions for the desert project have been scaled back. Neom is looking into a plan to raise as much as $1.3 billion from Islamic bonds, or sukuk, as it looks to shore up funding for the $1.5 trillion megacity project, according to a Bloomberg report.
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Saudi Arabia’s private sector workers grow to 11.2M in March
The total number of workers in the Saudi private sector reached 11.24 million in March 2024, the National Labor Observatory said. The total number of nationals working in private-sector entities stood at 2.37 million in the same month, of which male and female workers accounted for 1.39 million and 975,700, respectively. Meanwhile, the number of expats working in the private sector reached 8.87 million.
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