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  • Red Sea Film Foundation Chief Jomana Al-Rashid on Fueling Saudi Arabia’s Cinematic Ambitions

    Variety spoke to Jomana Al-Rashid, who chairs the Red Sea Film Festival International Film Foundation, about nurturing Saudi’s rapidly evolving film scene. "For us, it’s about forms of expression and good storytelling, whether it’s indie films or the more commercial films. If you have a good story then that’s something that we are going to support."

  • Saudi National Day: Employees, students to enjoy long holiday

    This year’s occasion will fall on a Monday and with a Friday-Saturday weekend in the Kingdom, some employees will enjoy an extended holiday with Sunday September 22 off as well. Students, according to the education ministry’s academic calendar, will also be given Sunday September 22 as a day off for the occasion.

  • Saudi oil tanker Amjad was not targeted in Red Sea, owner Bahri says

     Saudi shipping firm Bahri (4030.SE), opens new tab said on Tuesday its tanker Amjad was not targeted in a Red Sea attack, and that it had been spared any damage from the incident that hit another tanker that was sailing nearby. The U.S. Central Command said Yemen's Iran-backed Houthi rebels attacked two crude oil tankers - the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I - in the Red Sea on Monday with two ballistic missiles and a one-way attack uncrewed aerial system, hitting both vessels.

  • Saudi Central Bank to enable Samsung Pay service in Q4 2024

    SAMA explained that this step affirms its ongoing efforts to strengthen the digital payments system in the Kingdom, aligning with the Financial Sector Development Program’s (FSDP) objectives, a key initiative of Vision 2030.

  • Tabby to acquire Saudi fintech Tweeq

    Founded in 2019 in the UAE by Hosam Arab, Tabby is a buy now pay later (BNPL) fintech with over $6 billion in annualised transaction volume. Meanwhile, Tweeq, founded in 2020 by Saeed Albuhairi and Abdulaziz Almalki, offers a spending account that allows customers to spend, send, and manage their money.

  • Shell isn’t so eager to look for oil these days

    Shell SHEL-1.19%, one of the world’s largest oil companies, is pulling back a bit from looking for the product that powers its bottom line. Reuters reports that the company will be cutting 20% of its oil-and-gas exploration workforce, the equivalent of hundreds of jobs. The move is part of an effort to save as much as $3 billion in expenses by the end of the year.

  • In pictures: Israelis protest to demand Gaza hostage deal

    Israeli protesters took to the streets for a second day on Monday to press the government to reach a deal to return hostages still held by Hamas, after six more captives were found dead in Gaza.

  • Saudi Arabia strengthens cooperation with Japanese gaming and entertainment companies

    The economic newspaper Nikkei Asia reported that the Kingdom’s Public Investment Fund plans to transfer all of its gaming-related shares to its subsidiary Savvy Games Group. The move underscores Saudi Arabia’s commitment to nurturing and developing the gaming industry in the region. By partnering with Japanese companies known for their expertise and innovation in the gaming sector, Saudi Arabia aims to build a strong ecosystem that fosters creativity and technological advancement.

  • UK suspends 30 of its 350 arms export licences to Israel

    Britain will immediately suspend 30 of its 350 arms export licences with Israel because there was a risk such equipment might be used to commit serious violations of international humanitarian law, foreign minister David Lammy said on Monday. Lammy said the decision to suspend the licences did not amount to a blanket ban or an arms embargo, but only involved those that could be used in the ongoing conflict between Israel and Hamas in the Palestinian enclave of Gaza.

  • Oman announces major changes to foreign investment rules

    The move offers opportunities for SMEs owned by Omanis to contest most business sectors, the decision lays emphasis on ensuring that the projects and activities related to the national identity and Omani heritage shall not be compromised.