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Saudi, International Team Begin 5-Year Archeological Excavations of Kingdom’s Al-Ula Sites
Saudi Arabia has kicked off an international five-year long archaeological mission to excavate key sites at Al-Ula in the Kingdom, the ancient heritage site of the Dadan and Lihyan kingdoms.
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Saudi Arabia’s progress toward food security, water conservation accelerated by Coronavirus crisis
Saudi Arabia is adjusting to the new realities of the Coronavirus by making strategic investments domestically and internationally into its food supply and agriculture sectors, according to reports.
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Women’s Historic Inaugural Golf Event in Saudi Arabia Rescheduled for October
The first women’s professional golf event to be staged in Saudi Arabia, the Aramco Saudi Ladies International presented by Public Investment Fund, has been rescheduled for Oct. 8-11, receiving a new date after postponement last month due to the coronavirus pandemic.
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Russia, Saudi Arabia and OPEC Reach Deal for Historic Production Cuts
Russia, Saudi Arabia and OPEC reached a historic deal on oil production cuts over the weekend, agreeing to cut almost 10 percent of global supply with Russia and Saudi Arabia bearing the brunt of the cuts.
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Saudi Arabia’s PIF Bulks Up Energy Holdings with $1 Billion in Four Major European Oil Companies
Saudi Arabia’s Public Investment Fund has “amassed stakes worth roughly $1 billion in four major European oil companies,” the WSJ reports, as the deep-pocketed sovereign wealth fund goes on a buying spree of assets on the cheap amidst a global economic downturn.
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King Salman bin Abdulaziz Al Saud Chairs ‘Extraordinary’ G20 Virtual Summit to address the COVID19 crisis
Saudi Arabia’s King Salman chaired a virtual G20 summit via video teleconference with world leaders to address the COVID19 crisis under the G20 Saudi Arabia Presidency. World leaders, including Chinese President Xi Jinping, India’s Prime Minister Narendra Modi, and President Donald Trump and others joined the summit. Mexico’s President told the summit that there is urgency for the United Nations […]
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Saudi Arabia reports first death from COVID-19, 205 new cases
Saudi Arabia on Tuesday reported its first death from the coronavirus, and 205 new cases, bringing the total number of confirmed cases to 767, according to reports.
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Saudi Arabia Expands Preventative COVID-19 Travel Restrictions as Some Analysts Praise Kingdom’s Response
Saudi Arabia continued to expand rules and regulations to prevent the spread of COVID-19 in the Kingdom and King Salman gave a rare speech to address the Saudi public on Friday, as the world seeks to stop the spread of the deadly virus and calm global markets.
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Saudi-Russia Still in Communication on Oil Policy; Former Minister Al-Falih Speaks with Russia’s Novak
Saudi Arabia and Russia dug in on the potential for an oil price war on Tuesday, with each indicating they are willing and able to open the spigots after the two sides failed to reach an agreement on supply curbs which sent global markets to major losses, according to reports. On Tuesday, the Kingdom’s state-run Saudi Arabian […]
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Saudi Arabia takes cautious approach on Coronavirus as Kingdom suspends entry for Umrah pilgrimage, tourism
Saudi Arabia has temporarily suspended arrivals by foreigners for the Umrah pilgrimage and tourists from two dozen countries where the new coronavirus has spread, according to a report in Reuters, in hopes that the Kingdom might stay head of the looming threat of a pandemic.
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MUST-READS
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Rory McIlroy, and ‘the next step’ if a Tour-Saudi deal doesn’t happen
Rory McIlroy says if a funding deal between the PGA Tour and the Saudi Arabia Public Investment Fund doesn’t happen soon, the PIF will look at “alternative options.” What those options would be was unclear as the Tour and PIF continue to negotiate, 14 months after the sides agreed to do so. McIlroy was speaking after Thursday’s play at the Tour’s season-ending event, the Tour Championship.
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K. Hovnanian to Enhance Saudi Arabia Housing Sector
Matawan-based Hovnanian Enterprises, Inc., a leading national homebuilder across the United States, announced the signing of a Memorandum of Understanding (MOU) between its subsidiary, K. Hovnanian M.E. Investments, LLC, and the Ministry of Municipalities and Housing of the Kingdom of Saudi Arabia. Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia.
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Al-Kheraiji: Saudi donations to Gaza surpass $185 million
Deputy Foreign Minister Eng. Walid Al-Kheraiji said that the value of donations extended by Saudi Arabia to Gaza reached more than $185 million. Addressing the 50th session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC), in Yaoundé, capital of Cameroon, on Thursday, the deputy minister renewed Saudi Arabia’s condemnation and rejection of all forms of crimes against the Palestinian people by the Israeli occupation forces.
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Saudi Ambassador to EU says Schengen visa issuance unchanged
Saudi Ambassador to the European Union Haifa Al-Jedea said that the Schengen visa is still issued in the usual way by visiting the headquarters of European embassies, denying the launch of a system to issue it electronically.
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Hail Governor Receives Torch of Saudi Games 2024
Governor of Hail region Prince Abdulaziz bin Saad bin Abdulaziz today received the torch of the third edition of the Saudi Games 2024 as it embarked on its promotional journey for the Kingdom's largest national sporting event. This year's torch tour is crucial in promoting the Saudi Games 2024. It aims to explore key cultural, historical, and tourist sites, covering 47 famous locations across the Kingdom. Accompanied by notable champions and influencers recognized for their significant contributions and accomplishments, local communities are joining in the festivities of the Kingdom's most prominent national sports event.
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How US Surged Forces to Middle East To Keep Iran at Bay
The United States shifted significant naval and air forces to the Middle East this month from bases at home and abroad, adding to 10 months of increased American military presence in the region amid tensions between Israel and Iran. The latest U.S. military deployments come after the killing of Ismail Haniyeh, Hamas' top political leader, sparked repeated Iranian threats of retaliation against Israel, which has neither confirmed nor denied its involvement in the July 31 airstrike that killed him in Tehran.
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US military turns to Tinder to issue warning amid rising tension in Middle East
In a unique move, the US military has turned to dating app Tinder to issue warnings about the potential escalation of the conflict in the Middle East. US Central Command, which oversees military operations in the Middle East and Central Asia, reportedly purchased ad space on Tinder to deter attacks on US forces and allies. “The United States will protect its partners in the face of threats by the Iranian regime and its proxies,” the ad read in Arabic, along with images of warplanes and the logo of CENTCOM. “Do not take up arms against the United States or its partners.”
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Saudi Arabia Signals Ambition to Host Olympic Games
Saudi Arabia’s potential interest in eventually hosting the Olympic games comes as the Gulf nation grows its portfolio of sports events, including the inaugural Esports Olympics in 2025. Riyadh clinched a 12-year deal with the International Olympic Committee in July to host that event, signaling a relationship already exists. The Saudis are also due to host the Asian Winter Games in 2029 and is on the brink of hosting the FIFA World Cup in 2034.
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Gulf investors launch $200 million Waad Investment firm to support regional startups
An alliance of investors and GCC-based family offices launched “Waad Investment," an investment firm with a targeted value of SAR750 million ($200 million), making it the largest private investment firm dedicated to supporting growth-stage startups. The alliance is led by investor Yaser AlGhamdi, the founder and Chief Investment Operations Officer of Waad Investment, in collaboration with the AlMajed and AlMisfer family offices.
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New twist in ‘heist of the century’ in Iraq as key figure ‘fakes accident’ in Beirut
Simmering controversy over the “heist of the century” in Iraq has been reignited as a businessman central to the multi-billion dollar corruption case has failed to appear for his court date. Raising further eyebrows, Noor Zuhair Jassim Al-Muthaffar is reported to have been involved in a “suspicious” traffic accident outside Iraq’s borders—in Lebanon—only days before his trial. The curious twists and turns of the case have brought speculations to a fever pitch, with observers warning of a potentially profound political fallout.
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