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In Interview, Governor of SAGIA Ibrahim Al-Omar Says New Licenses for Investment and Business Soaring
The head of Saudi Arabia’s top licensing and investment body says that the Kingdom is increasing its new licenses to investors and businessmen seeking to do business in the Kingdom, according to an interview in TheBanker.com. Ibrahim Al-Omar, head of the powerful Saudi Arabian General Investment Authority (SAGIA), told journalist James King in an interview how Saudi […]
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Milestone Achieved in Launch of Saudi Arabia’s National Privatization Program and Center
Saudi Arabia has announced the launch of “Delivery Plan 2020,” a privatization program headed by a newly created office, Saudi Arabia’s National Centre for Privatization (NCP), in a major milestone for the Kingdom as it looks to advance its Vision 2030 economic and social reform goals. The plan sets out the country privatization agenda for […]
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CEDA Approves Privatization Program in Progress for Vision 2030 Implementation
Saudi Arabia’s powerful Council of Economic and Development Affairs (CEDA) approved a Privatization Program that is one of 12 key elements of the Kingdom’s Vision 2030, according to reports. Saudi Arabia aims to generate 35 billion to 40 billion riyals ($9 billion to $11 billion) in non-oil revenues from the privatization program by 2020 and create […]
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Catholic Cardinal meets Saudi king in Historic Visit to Riyadh
Saudi Arabia’s King Salman has met French cardinal Jean-Louis Tauran during the first visit to the Kingdom by such a senior Catholic authority, according to the SPA. The move follows other overtures by Saudi Arabia’s leadership in recent weeks to other faiths, and a visit by Lebanon’s Christian Maronite Patriarch Beshara al-Rai in November. Interfaith dialogue has been […]
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Saudi Aramco Earned $33.8 billion in the first half of 2017, Has ‘Virtually No Debts’, Data Reviewed by Bloomberg Says
A first glimpse at Saudi Aramco’s finances by Bloomberg News reveals the state oil giant made a whopping $33.8 billion in net income in the first half of 2017 and has very little debt, according to a series of stories published by the news site. The figures have previously only been seen by top Saudi leadership and […]
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Saudi Crown Prince Wraps Up U.S. Tour in Houston with Big Gulf Investments Eyed
Crown Prince Mohammed bin Salman wrapped up his unprecedented whirlwind tour of the United States with a stop in Houston to talk investments in the Gulf region. The Crown Prince visited Motiva Enterprises LLC, a wholly-owned downstream oil and gas subsidiary of Saudi Aramco, to witness the signing of MoUs worth between $8 billion to $10 billion with US […]
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Crown Prince Mohammed bin Salman Meets with U.N. Secretary General in New York
Crown Prince Mohammed bin Salman continued his active visit to the United States yesterday, attending a business meeting in New York with over 200 executives, and separately meeting with the Secretary General of the United Nations, Antonio Guterres. 200 top business leaders from the U.S. and Saudi Arabia – including two dozen women – assembled in […]
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Reports: Crown Prince and Delegation to Meet with Tech, Defense, Banking Giants
Two separate reports from Bloomberg confirm that Saudi officials are eying meetings with major banking houses and technology giants during the Crown Prince’s nearly three-week long visit to the United States. The delegation currently visiting the United States will seek to meet with executives from Amazon, Apple, Google, Pfizer and other companies as they hunt for […]
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Oil Revenues Above Saudi Budget Breakeven Price Will Go to PIF Coffers, Al Tuwaijri Says
Steadily climbing oil prices over the past year may help increase cash in Saudi Arabia’s massive Public Investment Fund (PIF), according to comments by Mohammed Al Tuwaijri, the kingdom’s minister of economy and planning. “Whenever oil is above our break-even point, this will all go to the PIF,” he said, as reported in the Financial Times, without […]
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Saudi Crown Prince Reassures Foreign Investors after Corruption Crackdown
Saudi Arabia’s Crown Prince Mohammed bin Salman is seeking to reassure the business community following the Kingdom’s crackdown on corruption, which netted over $100 billion for the Saudi government from alleged impropriety. The secretive nature of the arrests and concerns over political motivations have worried local and foreign business leaders. More than 300 people, among them royals, politicians and […]
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Here are all the athletes representing Saudi Arabia at Paralympics Games Paris 2024
When Saudi Arabia said it was going for global domination, it wasn’t just talking about expanding its regional developments. The Kingdom also had its eyes set on shining on the international stage, particularly in sports where Saudi athletes are stepping into the limelight. With the Paralympics Games Paris 2024 in full swing, Saudi Arabia’s talented athletes are ready to compete and make history.
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Saudi Masters Snooker Championship to Start Tomorrow in Riyadh
The first edition of the Saudi Masters Snooker Championship begins tomorrow in Riyadh. Organized by the Saudi Billiards and Snooker Federation under the supervision of the Ministry of Sport, the tournament will take place at the Green Halls Sports Complex and continue until September 7. It will feature 144 players from around the world. The championship boasts the participation of global stars, led by seven-time world champion Ronnie O'Sullivan and the world's top-ranked player, Judd Trump.
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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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