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  • Saudi holdings of US Treasuries rise to $142.8B in August

    Saudi Arabia’s holdings of US Treasuries reached $142.8 billion in August, up by $89 million month-on-month (MoM), new data released by the US Treasury showed. The Kingdom's holdings of US Treasuries in August were the highest in nearly four and half years, i.e. since March 2020. Accordingly, Saudi Arabia maintained its 17th place among the largest holders of US Treasuries for the month.

  • Temasek, Saudi Arabia’s PIF rated highest for credit metrics and liquidity by Moody’s

    Temasek Holdings and Saudi Arabia’s Public Investment Fund (PIF) have the strongest intrinsic credit quality, among the 11 government-owned investment holding companies (IHCs) it rated, said Moody’s Ratings in an Oct 17 report. The rating agency explained that while credit quality of the rated government-owned IHC is generally closely aligned with that of its government, intrinsic credit quality generally varies, as it is a reflection of the IHC’s standalone credit strength, excluding extraordinary government support.

  • Saudi Pro League director reveals stance on Mohamed Salah transfer

    "It depends on Mo," he told The Obi One Podcast. "The stories that one of our teams went after him are true. There was an interest, but just like the whole Victor Osimhen thing, it also hinges around... It's okay for me to have an interest in signing Mo, but his club also have to have an interest in letting him go. If those two things don't align, you don't have a deal."

  • Saudi authorities seize multi-million dollar haul of narcotics

    Saudi authorities have seized a massive haul of 1.2 million Captagon tablets, state news agency SPA reported. Customs officials at the Halat Ammar border crossing found the pills using x-ray technology and sniffer dogs. The pills were hidden inside a marble mixer. The Zakat, Tax and Customs Authority (ZATCA) coordinated with the General Directorate of Narcotics Control to arrest two individuals who were supposed to receive the shipment inside the Kingdom. The drugs haul had an estimated street value of between $12 million and $30 million, according to research published in the International Addiction Review Journal, based on assumptions that users pay between $10 and $25 a pill.

  • Saudi aid agency KSrelief continues global humanitarian efforts

    The King Salman Humanitarian Aid and Relief Center (KSrelief) continues to provide humanitarian assistance to people in Syria, Yemen, Sudan and Jordan. KSrelief distributed 1,321 food parcels and 1,321 hygiene kits on Wednesday in the city of Afrin in Aleppo Governorate, benefiting 7,926 individuals. The assistance is part of a project entailing providing aid to individuals affected by the earthquake in northern Syria.

  • Saudi Security forces arrest 21,971illegals in a week

    Those who were arrested included 13,186 violators of the Residency Law, 5,427 violators of the Border Security Law, and 3,358 violators of the Labor Law, the Ministry of Interior announced on Saturday. The total number of people who were arrested while trying to cross the border into the Kingdom accounted for 1,421, of whom 34 percent were Yemeni nationals, 64 percent Ethiopian nationals, and two percent belonged to other nationalities while 53 people were arrested while attempting to leave the Kingdom illegally.

  • Seventh Saudi Relief Plane Arrives in Beirut with Aid for Lebanese People

    The seventh relief plane of the Saudi air bridge, organized by King Salman Humanitarian Aid and Relief Center (KSrelief), arrived today at Rafic Hariri International Airport, carrying food, shelter, and medical supplies. This assistance was granted under the directives of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.

  • Saudi Arabia’s Next Giga Project Is a Gigantic Cube in Riyadh

    Already, New Murabba Development Co. has excavated more than 10 million cubic meters out of the ground to prepare for the Mukaab’s construction. The developer is planning to award contracts worth tens of billions of riyals in the coming year that will stock the building and its surrounding area with entertainment venues, educational institutions, health care facilities and a 45,000-seat stadium, Dyke said.

  • Saudi Arabia and Spain look to boost $3.2bn trade ties

    Saudi Arabia and Spain are looking to boost $3.2bn trade ties as the countries meet to discuss investment opportunities. Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef began an official visit to Spain on Thursday, aimed at enhancing industrial and mining cooperation and exploring shared opportunities in advanced industrial sectors, including aerospace and aviation, which are a focus of the National Industrial Strategy.

  • Protesters storm Saudi broadcaster MBC’s office in Baghdad over remarks against Iran-backed groups

    Supporters of Iran-backed groups ransacked the Baghdad office of Saudi broadcaster MBC early on Saturday, a security source told The National, over a report that referred to commanders of Tehran-aligned militias as “terrorists”. More than 400 people entered the channel's office in the Al Jamia neighbourhood of the Iraqi capital after midnight. They started a fire in the yard before breaking into the building where they damaged equipment and furniture, a security officer with the Interior Ministry said. Iraqi security forces later sealed off the area, blocking all roads leading to the building, he said, speaking on condition of anonymity. There has been no official statement from authorities.