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Yemen’s Houthis Increase Attacks on Saudi Arabia’s Oil Facilities, Assets as Kingdom’s Leaders Urge UN Action
Yemen’s Iran-backed Houthi militia claimed responsibility for another brazen missile attack on a Saudi Aramco oil facility on Monday, leaving no one injured but a fire that raged for 40 minutes, according to reports.
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Saudi Arabia Raises Minimum Wage for Citizens by 33% after Labor Reform Announcement
Saudi Arabia will raise the minimum wage for its citizens from 3,000 riyals ($800) to 4,000 riyals ($1,066), a 33 percent increase, the Kingdom’s Ministry of Human Resources and Social Development announced last week. Set to take effect five months from the announcement date of Wednesday, November 18th, the increase is substantial for Saudi workers.
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Saudi Arabia Will Host a Formula One Race Next Year for the First Time
Saudi Arabia will host a Formula One race next year, a move aimed at boosting tourism, sports and entertainment in the Kingdom, according to reports.
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Saudi Aramco, SABIC ‘Reassess’ $20b Crude-Oil-To-Chemicals Project — Reports
Saudi Aramco and Saudi Basic Industries Corporation (SABIC) have decided to re-evaluate their $20 billion crude-oil-to-chemicals project and are now looking at integrating existing facilities instead, in a move to save costs in the face of lower oil prices, according to Reuters.
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Saudi Arabia Bids to Host 2030 Asian Games in Riyadh
Saudi Arabia’s sports minister Prince Abdulaziz bin Turki Al-Faisal on Sunday launched the Kingdom’s official campaign to help secure enough votes from members of the Olympic Council of Asia (OCA) to host the 21st Asian Games in 2030, according to reports.
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Saudi Tourism Development Fund Inks Deal with Riyadh Bank, Banque Saudi Fransi for $43 Billion of Projects
Saudi Arabia’s Tourism Development Fund signed an agreement with Riyadh Bank and Banque Saudi Fransi to finance up to 160 billion riyals ($43 billion) of tourism projects in the kingdom, state news agency SPA reported.
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Saudi Arabia Confirms G20 will be Held Virtually on November 21-22
The G20 leaders summit will be held virtually on Nov. 21-22, Saudi Arabia said on Monday, in a blow to the Kingdom’s hopes of hosting the gathering in-person in Saudi Arabia, according to a statement.
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Road to the G20: 2-Day Science-focused S20 Summit Begins Today
Saudi Arabia today convenes the S20 engagement group of the G20 nations, a science-focused group lead this year by the King Abdullah University of Science and Technology (KAUST) in Thuwal, Jeddah.
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Road to the G20: L20 Summit, Focused on Workers and Labor, Emphasizes Inclusion of Women and Youth
On the 7th and 8th of September, the Labor 20 engagement group launched its Saudi L20 Summit, titled “A New Social Contract for Recovery and Resilience,” which was held in the Saudi capital Riyadh in accordance with COVID-19 safety measures, and was streamed online to allow the participation of international speakers and audience.
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Netflix, Saudi Animation Studio Myrkott Sign 5-Year Deal for New Saudi-Focused Shows and Films
Global content powerhouse Netflix has signed a 5-year deal with a Saudi animation studio to produce Saudi-focused content for the platform, according to reports.
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Saudi Arabia’s NWC starts implementing water and wastewater infrastructure projects worth $586 m
Saudi Arabia’s National Water Company (NWC), through its Eastern Cluster, has initiated the implementation of 17 major projects across the Eastern Province of Saudi Arabia, with a total investment exceeding 2.2 billion Saudi Riyals ($586 million). In a press release, the company explains that the projects aim to enhance the region's environmental and water services infrastructure, focusing on wastewater treatment plants, pumping stations, power lines, and network replacements to improve service delivery in various cities and governorates.
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Hamas to stay out of Gaza truce talks, Iran considers Israel attack
The Palestinian Islamist group Hamas said on Wednesday it would not take part in a new round of Gaza ceasefire talks slated for Thursday in Qatar, dimming hopes for a negotiated truce that Iranian sources say could hold back an Iranian attack on Israel. The U.S. has said it expects indirect talks to go ahead as planned in Qatar's capital Doha on Thursday, and that a ceasefire agreement was still possible. However Axios reported that U.S. Secretary of State Antony Blinken has postponed a trip to the Middle East that had been expected to begin on Tuesday.
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United Airlines is halting flights to Israel as the threat of war with Iran looms
Middle East tensions have once again interrupted a key service route for United Airlines. Analysts at Deutsche Bank noted in a recent research note that the carrier has cancelled all service between the United States and Tel Aviv, as conflict between Israel and Iran threatens to escalate to all-out war.
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Saudi Arabia warns against ongoing violations of Jerusalem’s historical status
In a statement the Saudi Ministry of Foreign Affairs expressed its strong condemnation of the repeated and provocative incursions by Israeli occupation officials and numerous settlers into the Muslim holy site. “The ministry emphasises the importance of respecting religious sanctities and reiterates the kingdom’s warning of the consequences of continuing these violations of international law and the historical status of Jerusalem. These actions provoke millions of Muslims around the world, particularly in light of the ongoing humanitarian catastrophe faced by the Palestinian people,” the statement said.
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Ushaiqer Heritage Village In Saudi Arabia: An Insightful Escape Into Tradition
For those who are fascinated by old-world charm, Ushaiqer Heritage Village is a must-visit spot in Saudi Arabia. The group of yellow mud houses and a maze of different alleys in Ushaiqer welcome visitors to traditional architecture and lifestyle.The village is located 200 kilometers northwest of Riyadh, near the town of Shagra. It comprises seven districts with 400 mud houses and 25 mosques. The name ‘Ushaiqer’ meant ‘little blonde’, and it traced its origins to the nearby red mountain that gives shades to the mud houses.
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Saudi Arabia extends waiver on expat fees for industrial sector employees
The minister said the waiver has been instrumental in transforming the industrial landscape of Saudi Arabia. Since its inception, the number of industrial establishments has surged from 8,822 to 11,868 by April 2024. This substantial increase reflects the sector’s expansion and the positive impact of the government’s financial incentives, he added.
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Saudi Aramco and Kaust to invest $100m in R&D
Saudi Aramco, the world’s largest oil producer, and King Abdullah University of Science and Technology (Kaust) are to invest $100 million in research and development projects. The 10-year investment will support projects focused on energy transition, sustainability, materials innovation, upstream technologies and digital solutions, aiming for both environmental and commercial benefits.
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AP Race Launch Swimming Academy In Saudi Arabia
AP Race, a brand co-founded and built by three-time Olympic champion Adam Peaty that includes clinics and events, has launched a swimming academy in Saudi Arabia. Peaty and Ed Baxter founded the AP brand which has been delivering race clinics since 2019 and for the last two years have staged the AP Race London International at the Aquatics Centre, a three-day meet which features international and domestic swimmers through to grassroots initiatives.
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Saudi Wealth Fund Pumps More Cash Into Two Struggling Startups
In most cases, these projects have been key to the oil-rich region’s diversification push, meaning the sovereign wealth funds might not be solely focused on the dollars-and-cents aspect of their return on investment. But even on that front, some investors have started to focus on ensuring they’re not throwing good money after bad.
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Saudi Business Center Launches 2nd Phase’s QR-Code
The Saudi Business Center (SBC) has launched the 2nd phase of Unified QR-Code service to boost the attractiveness of the business environment in the Kingdom, reported the Saudi Press Agency (SPA). The current phase includes 120 licenses linked to the QR-Code document affiliated with nine government agencies. As part of a promising initiative launched by the SBC last January, the 2nd phase allows businesses to consolidate all licenses and certificates from concerned government partners into a single online document.
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