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  • Saudi Arabian Military Industries Announces Retirement of CEO, Names Interim Chief

    Abukhaled took over as chief of the Saudi defense business in 2020, succeeding Andrew Schwer, a German national and former executive at Rheinmetall. Before leading SAMI, Abukhaled was CEO of the Middle East unit of Northrop Grumman. Under his leadership, SAMI underwent significant expansion and growth, acquiring several businesses, including Advanced Electronics Company and Alsalam Aerospace. He also led efforts to seal joint ventures and contracts, the most recent being a $3 billion deal with Turkish Baykar to produce Akinci drones in Saudi Arabia.

  • Saudi Arabia’s Public Investment Fund to transfer its gaming stock to Savvy Games Group

    Saudi Arabia's Public Investment Fund is set to transfer its games-related stock to its subsidiary Savvy Games Group. The move could happen as early as 2025, according to a Savvy representative talking to Nikkei, with the initiative part of a wider plan to leverage IP across the Middle East, the Japanese publication reported.

  • Saudi Arabia studies over 2,000 mineral exploration license applications: SGS

    The Ministry of Industry and Mineral Resources is currently processing over 2,000 local and international license applications, including around 2,000 for exploration and approximately 139 for mining, Abdullah Al-Shamrani, CEO of Saudi Geological Survey (SGS). Additionally, he said that more than 2,300 mining licenses have been issued, reflecting significant growth in the sector, Asharq Al-Awsat reported.

  • Perspective: Will Saudi Arabia’s big bet on the Qiddiya gaming and esports city pay off?

    Milanov is now head of gaming at Qiddiya, a dreamy “Giga Project” under way near Riyadh in Saudi Arabia. The Saudis want 17 million visitors a year to go to Qiddiya by 2030, making it the “largest tourism destination worldwide.” Not so different from Team Liquid’s heaquarters, the aim of Qiddiya is to build a whole city where gamers, esports athletes and their fans can feel at home, and Milanov is moving into high gear soon to sell people on the idea of Qiddiya. Will giant sandworms get him, or will it all pay off?

  • Saudi Arabia to waive export customs service fees and cut import customs service fees from Oct. 6

    The Saudi Zakat, Tax and Customs Authority (ZATCA) has announced waiving the fees for all customs services for exports. The authority also reduced customs service fees for imports through a new mechanism for calculating import service fees, which involves a fee of 0.15 percent of the value of the incoming goods for customs declaration. The new fee structure will take effect on Oct. 6, 2024, the authority said in a statement.

  • Qatar Beat Saudi Arabia, Advance for Gulf Basketball Championship Final

    Team Qatar hold the record of 6 titles in the championship, and are looking to widen the space from their closest competition, the Saudi team, who have four titles. The Gulf Basketball Championship was launched in 1981, and Kuwait won the first title. The latest edition was held in 2019, when Saudi Arabia won their fourth title.

  • Film AlUla Using Tax Rebates and a Focus on Talent Development to Attract New Productions to Saudi

    One of the main hurdles in bringing more international productions to Saudi is making the bureaucracy seem less daunting to American and European teams, who might be unfamiliar with working in the region.  The new Acting Executive Director of Film AlUla Zaid Shaker told Variety how Film AlUla can offer international teams support in optimizing the country’s attractive 40% tax rebate and navigating production regulations, custom clearances, visa applications and filming permits, alongside location scouting and talent recruitment.

  • UNRWA vaccinates over 160,000 children in Gaza in polio campaign

    The UN agency for Palestinian refugees (UNRWA) announced on Friday that its teams vaccinated more than 160,000 children on Thursday, marking the first day of the second phase of a polio vaccination campaign in southern Gaza. “Thousands of families went to health facilities to receive vaccines from UNRWA medical teams,” the agency said on X. “Over 160,000 children were reached on the first day of the polio vaccination campaign in Gaza’s southern areas yesterday.”

  • Saudi Arabia, Italy Join Forces to Transform Europe’s Energy Landscape

    Saudi Investment Minister Khalid Al-Falih emphasized Italy’s crucial role in facilitating the export of these energy products to Europe. Speaking at a business conference in Milan, Al-Falih described Italy as a “partner of choice” for delivering green products to the European continent. This collaboration aligns with the European Union’s goal of producing and importing 20 million tonnes of green hydrogen by 2030.  

  • Oman all set to welcome Saudi tourism partners in a major event

    Scheduled to attract 50 Saudi tourism companies and 15 leading media professionals from prominent Saudi outlets, “Marhaba Dhofar” is designed to highlight the rich tourism potential of Dhofar. The event will focus on key attractions such as the “Sarb” season and the region’s winter tourism appeal.