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  • Riyadh Fashion Week: Saudi Arabia’s Design Scene Flourishes

    The second Riyadh Fashion Week recently concluded, spotlighting Saudi Arabia’s emerging design talent and its societal modernization. This five-day event featured runway shows, presentations, and exhibitions at Tuwaiq Palace, Riyadh Digital City, and JAX District. Riyadh Fashion Week attracted top local talent and international media, buyers, and celebrities. Georgina Rodríguez and model Elsa Hosk attended, alongside prominent Middle Eastern influencers. Ida Petersson, a renowned retail expert, praised Riyadh’s rapid evolution, noting its ambition to compete globally. Riyadh Fashion Week adapted to local preferences, with evening shows and a relaxed atmosphere between events. Cakmak noted that this format honors Saudi cultural nuances, making the event accessible and enjoyable for all attendees.

  • PIF and Google Cloud to create advanced AI hub in Saudi Arabia

    The landmark partnership, which was signed at the Future Investment Initiative 8th Edition (FII8), further establishes Saudi Arabia as a global hub and top AI destination for local and global enterprises and startups. This partnership aims to develop the Saudi workforce through AI programs for millions of students and professionals, supporting the national objective of growing the information and communication technology (ICT) sector by 50%.

  • Saudi startup Riyadh Air orders 60 Airbus A321neo planes

    Riyadh Air plans to begin passenger flights next summer and has placed an order for 60 A321neo planes, the largest among Airbus’ best-selling A320neo family, the company said in a statement. “This deal strongly reinforces the positive economic impact of Saudi Arabia’s newest airline on both a global and local scale to facilitate the fast-growing Saudi aviation ecosystem,” Tony Douglas, the CEO of Riyadh Air, was quoted saying in the Airbus statement.

  • Saudi’s NEOM has committed more than $16 bln to private sector, deputy CEO says

    Saudi Arabia's NEOM, a unit of the kingdom's sovereign wealth fund, over the last 18-24 months has committed more than 60 billion riyals ($15.98 billion) to private sector investments and more than 30 billion riyals to debt funding, its deputy CEO said on Wednesday.

  • Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform

    Brookfield Middle East Partners (BMEP) “will target $2 billion from a variety of investors, and intends to target buyouts, structured solutions and other investment opportunities across a range of strategic sectors including industrials, business and consumer services, technology and healthcare,” a joint press release from the PIF and Brookfield read.

  • Saudi Arabia pushes ahead with economic transformation, minister says

     Saudi Arabia is "doubling down" on its multi-billion dollar plan to overhaul its economy and cut the kingdom's dependence on oil rents, the finance minister told an investor summit in Riyadh on Wednesday. The government is investing heavily in infrastructure works such as the vast mega-city NEOM project under the plan driven by Crown Prince Mohammed bin Salman, who wants to grow the private sector, develop new industries and create thousands of jobs.

  • Inside Saudi Arabia’s Big Cinema Swing ‘Desert Warrior,’ The Delayed $150M Historical Epic Still Being Readied For Battle

    Sources say a final cut is yet to be locked by Wyatt, who exited and then returned to the project amid creative fissures. A screen test revealed Desert Warrior’s disconnect with audiences and a handful of major U.S. studios were unconvinced about an earlier version of the movie. Deeper questions have been asked about Western creatives being entrusted with a historical story about the Middle East, while buyers raised concerns about the movie’s optics after the October 7 attack on Israel.

  • Lebanon, Israel could agree to ceasefire within days, Lebanese prime minister says

    Lebanon's prime minister expressed hope on Wednesday that a ceasefire deal with Israel would be announced within days as Israel's public broadcaster published what it said was a draft agreement providing for an initial 60-day truce. The document, which broadcaster Kan said was a leaked proposal written by Washington, said Israel would withdraw its forces from Lebanon within the first week of the 60-day ceasefire. It largely aligned with details reported earlier by Reuters based on two sources familiar with the matter.

  • Saudi Arabia in advanced talks over Zambia copper mine stake, Ma’aden CEO says

    Saudi Arabia is in the advanced stages of talks about a stake in a copper mine in Zambia and is expecting a deal by the end of the year, the CEO of Saudi Arabia’s flagship mining company Ma’aden told Reuters on Wednesday. “We are looking at Zambia, we are talking with a company there, with a mine there, so those are pretty advanced stage discussions,” CEO Robert Wilt, who is also vice chairman of Saudi Arabia’s international mining venture Manara Minerals, said.

  • AI Leaders Gather in Saudi Arabia to Talk Energy

    The Ritz-Carlton convention center played host to some bold predictions about the future. Softbank Group Corp.’s Masayoshi Son laid out a vision of superintelligence 10,000 times that of humans by 2035. Elon Musk, in a virtual appearance, said robots would far outnumber humans by 2040. And the Saudis touted plans to make their country an AI superpower, with smart cities and personalized health care.