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Saudi Authority Calls on UNESCO to Protect Traditional Khawlani Coffee Cultivation Techniques
The Saudi Heritage Preservation Society has called on UNESCO to protect traditional Khawlani coffee cultivation techniques in Saudi Arabia in a press release, noting that the Arabian tradition “has been passed down for generations by the ancient tribes of Khawlan who have grown and processed Khawlani coffee beans in the verdant valleys of Jazan, a region […]
Report: SABIC, Aramco set to decide on oil to chemicals project in 2Q 2020
Saudi Basic Industries Corp (SABIC) and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility to process crude oil directly into chemicals, Bloomberg reports.
The Economic Impact of Saudi Arabia Hosting the G20 Summit
A recent report from Jadwa Investment looks at the economic impact of Saudi Arabia hosting the G20 Summit, noting that while the Riyadh has hosted major summits before, “the G20 summit differs due to the sheer number of different events related to it” with more than 120 workshops, ministerial meetings and specialized seminars scheduled throughout […]
World Bank’s Women, Business and the Law Report says Saudi Arabia Top Reformer, Improver Among 190 Economies
The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100 and achieving the honor of being the top improver over the last year, according to reports.
Using ‘Greenshoe Option’, Saudi Aramco Raises IPO to Record $29.4B; Banks Seek ‘Incentive Fee’
Saudi Aramco sold millions of additional shares of its initial public offering using a so-called “greenshoe option” that has raised the size of its IPO by nearly $4 billion.
Saudi Aramco Energy Ventures Prepares New $500m Fund, Opens Office in China
Saudi Aramco Energy Ventures (SAEV), a unit of the kingdom’s energy company, is preparing to start a new $500 million fund this year after completing $500m in investments, Bloomberg reports.
World Bank Sees Saudi GDP Growth to Increase to 1.9% in 2020, with More Growth Onward
The World Bank forecasted Saudi Arabia’s GDP growth will increase significantly in 2020, to 1.9%, compared with 0.4% in 2019, with further gains in subsequent years.
Saudi Arabia launches third phase to build up solar power capacity, invites bidders for new projects
Saudi Arabia’s energy ministry has issued a request for qualifications for the third round of the Kingdom’s National Renewable Energy Program (NREP), which comprises of “four Solar PV projects with a combined generation capacity of 1,200 MW,” the Saudi Press Agency said.
With Tensions Soaring, Saudi Arabia Keeps Eyes on Cyber Threat from Iran
As tensions soar between the United States and Iran, Saudi officials are keeping close tabs on emerging cybersecurity threats that may be emanating from the Islamic Republic, according to a report.
Prince Khalid bin Salman Meets with President Trump at White House
Saudi Arabia’s deputy defense minister Prince Khalid bin Salman held several meetings with top U.S. officials yesterday in Washington, D.C., including Secretary of Defense Mark Esper, Secretary of State Mike Pompeo, and President Donald Trump.
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Saudi Ministry of Culture launches platform for scholarship applications
The scholarship program is open to those who wish to obtain a bachelor’s, master’s or Ph.D. degree in various cultural and arts fields from the world’s most prominent educational institutions. The courses provided by the program include music, theater, visual arts (drawing, sculpture, art theory, calligraphy, art history, photography and cinematography) filmmaking, literature and linguistics, archaeology, culinary arts, design, architecture and libraries and museums.
Reliance Group to miss planned date to close Saudi Aramco deal
RIL is currently engaged in a legal tussle with India’s federal petroleum ministry over enforcement of an estimated $4.5billion in an international arbitral award of the Panna-Mutka and Tapti (PMT) oil field production-sharing contracts case.
Mada’in Saleh – Saudi Arabia’s Abandoned Nabatean City
The Nabateans occupied the city in the 1 st century BC. They were originally nomads who established a powerful kingdom in the Sinai and parts of modern Jordan in north-west Arabia. Under the Nabateans, the settlement of Mada'in Saleh became a true city. They developed a system for irrigation based on the collection of rainwater in tanks which helped agriculture to flourish.
Commentary: Saudi Arabia’s successful entertainment drive too costly for some
“If we got anything out of Riyadh Season, it’s that demand is there, social acceptance is there,” said Faisal Bafarat, chief executive of the General Entertainment Authority. “Businessmen are coming and saying we want to invest.”
Saudi schools start teaching Chinese language
The eight boys schools, which teach the language from the second semester that started Sunday in the kingdom, include four in the capital Riyadh, two in the western city of Jeddah and two others in the Eastern region, spokesman for the Education Ministry Ibtasam Al Shiheri said, according to Okaz newspaper.
Iraq protesters battle security forces in bid to shut Baghdad streets
Rallies have rocked Iraq since October but, fearing they would lose momentum amid spiralling regional tensions, protesters last Monday told the government it had one week to meet their demands or they would escalate.
Yemen attack: 80 soldiers killed by Iran-backed Houthi rebels
At least 80 Yemeni soldiers attending prayers at a mosque were killed and 130 others injured in ballistic missile and drone attacks by Iran-backed Houthi rebels, the UN Special Envoy for Yemen reported Sunday.
Libya players agree cease-fire amid warnings war may become ‘next Syria’
The agreement on Sunday came after about four hours of talks in Berlin where German Chancellor Angela Merkel hosted leaders of 11 countries, with Libya’s two main rival leaders also in the German capital but not at the main conference table.
Pompeo Felt ‘Outrage’ Over U.S. Citizen’s Death in Egypt
U.S. Secretary of State Mike Pompeo “expressed outrage” to Egypt’s president on Sunday at the death of an American citizen who insisted he had been wrongfully held in Egyptian prison, according to a state department spokeswoman. Pompeo’s sharp remarks signal the U.S. government intended to place the death of Mustafa Kassem, 54, following his protracted hunger strike last week, high on the diplomatic agenda.
Saudi Arabia’s Qiddiya eyes first Formula One race in 2023
Saudi Arabia’s new entertainment giga-project Qiddiya, on the outskirts of Riyadh, has the potential to become the “motorsport capital of the world”, according to former Formula One star Alex Wurz. Wurz is behind the design of the new race track, which has been touted as a future venue for Formula One in 2023. Qiddiya already hosts a round of the Formula E Championship, while the new track will be designed up to the FIA Grade 1 standards required for F1.
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