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Saudi Arabia’s Al-Hilal Says 10 Players Infected with COVID-19, Requests Match Postponement
The Saudi Al-Hilal team has officially requested to postpone its scheduled match on Sunday against its Iranian counterpart Shahr Khodro at Al-Janoub Stadium in the Qatari capital, Doha, in the fifth round of group stage of the AFC Champions League football competition.
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Startup accelerators in Saudi Arabia: A new generation of business incubator
The idea of business incubators was introduced by Joseph L. Mancuso in the 1950s. He established a warehouse where startup companies could be located and benefit from shared services, mentoring and training. Business incubators have proliferated and the International Business Innovation Association estimates there are between 7,000 and 9,000 worldwide.
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Saudi Arabia arrests five state employees in anti-corruption drive
Saudi Arabia's Crown Prince Mohammed bin Salman renewed his support for the kingdom’s anti-corruption commission, calling its personnel “knights in a battle” after five government employees were arrested for financial wrongdoing. In a letter to the commission, Crown Prince Mohammed thanked every member of the organisation, which is responsible for preserving the public purse and making sure state employees do not use position for personal gain.
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Fitch Affirms Saudi Aramco at ‘A’; Outlook Stable
We assess Saudi Aramco’s Standalone Credit Profile (SCP) at ‘aa+’. Saudi Aramco is the world’s largest oil producer. Its business profile is characterised by large scale production, vast reserves, low output costs and expansion into downstream and petrochemicals.
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Digital transformation to create 1 million Saudi jobs
The Saudi B20 and OECD (Organization for Economic Cooperation and Development) organized a virtual meeting, where a number of key government actors and G20 members presented recommendations and exchanged experiences on future investments, digital transformation, sustainability and 5G-based digital solutions.
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Saudi gasoline stocks fall to multi-year lows
Gasoline demand was up 13pc to 475,000 b/d in July, from 421,000 b/d in June, according to latest data from the Joint Organisations Data Initiative (Jodi). But this was still well down on the 2019 average of 550,000 b/d.
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Saudi Arabia takes delivery of French speedboats
The first two boats became operational in July last year out of 39 boats contracted to the French CMN shipyard. The deal stipulates that about half of the boats are to be made in France and the rest in Saudi Arabia.
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OPEC: Why Saudi Arabia Wants to Scare Oil Traders
During the first four months of the deal OPEC+ struck in April implementing record output cuts, the 10 OPEC countries bound by the pact — plus 10 more from outside the group — pumped just 12.7 million barrels more than they agreed. That puts the overall compliance rate at just over 98%, an astonishingly high figure for a group with a reputation for missing its targets by a wide margin.
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In the desert of Saudi Arabia, human traces were found. They are over 120,000 years old.
About 120,000 years ago, in what is now northern Saudi Arabia, a small group of homo sapiens stopped to drink and forage on a shallow lake that was also frequented by camels, buffaloes, and elephants, larger than any other species seen today. Humans may have hunted large mammals, but they didn’t stay long, using the watering hole as a waypoint on their long journey. This detailed scene was reconstructed by researchers in a new study published Wednesday in the journal Science Advances after the discovery of ancient human and animal footprints in the Nefud Desert, which shed new light on the routes our ancient ancestors took from Africa, AFP reports. The research is published in the journal Science Advances.
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Bahrain says foiled ‘terrorist attack’ backed by Iran in early 2020
Bahrain’s interior ministry said on Sunday it had foiled a “terrorist attack” early this year that was backed by Iran’s Islamic Revolutionary Guard Corps. The statement confirmed earlier media reports about an alleged planned attack and added a timeframe.
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