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Honeywell to open state-of-the-art regional manufacturing center in Saudi Arabia’s King Salman Energy Park
Honeywell signed a deal to open an advanced regional manufacturing center at the King Salman Energy Park (SPARK) — Saudi Arabia’s new energy industrial zone, according to a press release.
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Understanding the Saudi-Iran agreement with a trio of special guests: Saudi Embassy Spokesperson Fahad Nazer, CSIS’ Dr. Jon Alterman, and Saudi Foreign Policy Expert Dr. Aziz Alghashian
Saudi Arabia and Iran recently agreed to normalize ties between the two regional powers after seven years. The 966 speaks with three top voices to understand the deal and the potential road ahead for Saudi Arabia, Iran, China, the United States, and other regional and global players.
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Iran’s Government Proposes Three Locations for Meeting of Foreign Ministers; Riyadh Reportedly Invites President to Visit
The Iranian government has proposed to Saudi Arabia three locations for a meeting of foreign ministers, according to Iran’s foreign minister, as the two countries move forward with re-establishing ties.
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Saudi Arabia Records 31 Percent Rise in Government Revenues in 2022 – MOF
Saudi Arabia recorded a 31 percent rise in government revenues to reach SR1.26 trillion ($335.6 billion) in 2022, the Ministry of Finance said on Thursday.
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Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Makes Surprise Visit to Ukraine, Signs Deals
Saudi Arabia’s foreign minister Prince Faisal bin Farhan Al-Saud made a surprise visit to Ukraine’s capital, Kiev, and met with Ukraine’s President Volodymyr Zelenskiy, his chief of staff Andriy Yermak, his Ukrainian counterpart Dmytro Kuleba, and others.
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Lydia Ko Wins 2023 Aramco Saudi Ladies International with One Shot Victory at Royal Greens
Lydia Ko fired a final round of 68 (-4) to win the 2023 Aramco Saudi Ladies International presented by Public Investment Fund by one stroke.
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FDI Inflows into Saudi Arabia Soar in 3Q 2022; MISA Says Investment Licenses Granted Up Over 50%
Saudi Arabia saw more positive economic news this week, as Foreign direct investment (FDI) inflows into the Kingdom rose 10.7% in the third quarter of 2022 over the same period a year earlier. Figures from the investment ministry showed FDI inflows totaled 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, up from 6.5 billion riyals […]
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Saudi Arabia’s PIF Remains 6th Largest SWF Globally, Latest Data Show
Saudi Arabia’s Public Investment Fund (PIF) now has assets worth $607.42 billion and is the 6th largest sovereign wealth fund in the world, according to latest data from the Sovereign Wealth Fund Institute.
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Real estate in Saudi Arabia, Riyadh’s $22.5 BILLION metro, and the Ronaldo-Messi-Mbappe game
In episode 72 of The 966, the Riyadh Metro project, the game-changing public transportation project in Saudi Arabia’s capital, “will be opened soon.” A discussion on the hot real estate market in Riyadh and across Saudi Arabia. Then, to kick off the program’s “Yallah!” segment, the hosts spend some time talking about the Dakar Rally, […]
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Saudi Arabia’s Ma’aden Forms JV with the Public Investment Fund (PIF) to Invest in Mining Assets Abroad
Saudi Arabia will establish a firm to invest in mining assets internationally, according to reports.
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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.
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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.
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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.
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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.
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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.
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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.
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Saudi’s PIF Establishes sarcc Company to Address Growing Staff Accommodation Demand
Sarcc will be instrumental in leading the evolution of the accommodation market, through developing and operating complexes for staff in Saudi Arabia. The company will seek opportunities to invest in the sector, in order to strengthen standards for staff housing. Accommodations provided or sourced by sarcc will be designed to meet recognized international standards set by the International Finance Corporation (IFC) – part of the World Bank Group – and the European Bank for Reconstruction and Development (EBRD).
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12 Luxury Resorts In Saudi For An Unforgettable Getaway
From pristine beaches to turquoise lagoons, the Kingdom has it all—and the finest luxury resorts in Saudi are here to help you make the most of the country’s must-visit destinations. only too happy to oblige. Expect idyllic waterfront havens, floating villas and private pools for endless rest, relaxation and rejuvenation. Ready to get your resting beach face on?
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Iraq moves to revoke Saudi broadcaster’s license after report angered militia supporters
Iraq’s commission governing media announced Saturday that it would take steps to revoke the license of a Saudi television station to operate in the country. That came hours after dozens of supporters of Iraqi militias stormed and looted the office of the broadcaster, MBC, in Baghdad in protest over a report that described a number of Iranian-linked militant figures — including a prominent Iraqi militia leader — as “terrorists.” The report on “terrorists” who had been killed this century mentioned former al-Qaida leader Osama bin Laden alongside a roster of Iran-backed figures.
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Opinion: Sinwar’s Death Changes Nothing
Netanyahu’s calculation is no mystery. Should he leave political office, he faces a criminal-corruption trial and a probable inquiry into the security meltdown on October 7. He has apparently concluded that the best way to stay out of prison is to stay in power, and the best way to stay in power is to keep the war going—specifically, the war in Gaza. The battle against Hezbollah in Lebanon is too volatile, and involves too many other actors, including the United States, Iran, and Gulf Arab countries, for Israel to keep control of its trajectory. For this reason, Lebanon is much less useful than Gaza as a domestic political tool.
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