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C3 U.S.-Arab Healthcare and Business Summit Returns September 20-21 with In-Person Conference in New York
The C3 U.S.-Arab Healthcare and Business Summit will return to a live, in-person conference format this September 20-21 in New York City as the event focuses on the impact of innovation, investment and global cooperation on healthcare and business.
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Saudi Aramco Confirms Data Leak, Says Systems Not Breached and Reaffirms ‘Robust Cyber Security Posture’
Saudi Aramco said on Wednesday that some of its company files had been leaked via a contractor, but that its cyber security posture remained “robust” and said that its systems were not compromised, according to reports and a statement from the company.
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Crown Prince Mohammed bin Salman, UAE’s Sheikh Mohamed bin Zayed Meet in Kingdom
The Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed visited Riyadh on Monday on an official visit to the Kingdom to meet with Crown Prince Mohammed bin Salman and discuss bi-lateral relations amid recent differences on energy and foreign policy.
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IEA: Lack of Agreement in OPEC+ Means Volatility, Tightening Market
The oil market will see tighter supply for now as a dispute inside OPEC+ between Saudi Arabia and the UAE goes unresolved, according to a new report from the International Energy Agency (IEA). World oil markets are on edge with OPEC+ negotiations to boost supply now in deadlock, and after initially surging to multi-year highs in early […]
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83% of SMEs in Saudi Arabia Optimistic About Future Growth, New Mastercard Middle East Study Finds
83% of small and medium enterprises (SMEs) in Saudi Arabia are optimistic about the next 12 months, according to the latest research by Mastercard in a new report released by the company.
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Saudi Arabia Moves Ahead to Round 3 of World Cup Qualifiers with Decisive Win Against Uzbekistan
Saudi Arabia sailed to a victory over Uzbekistan on a final, decisive day of the Asia region’s Round 2 qualifying matches to march on to Round 3 in hopes of qualifying for the World Cup in 2022. Saudi Arabia cruised past nearest challengers Uzbekistan 3-0 on June 15 to win Group D.
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Flurry of New Deals Builds on Early 2021 Momentum for Saudi Venture Capital
Saudi Arabia’s venture capital scene continues to grow at an impressive clip as new deals and investments into Saudi companies – or by Saudi venture firms – builds on early growth so far in 2021.
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Saudi Arabia’s Economy Jolts to Life as New Economic Data Shows ‘Significant’ Increase in PMI, Non-Oil Exports
Saudi Arabia saw a significant increase in non-oil PMI in April 2021 as both business activity and new orders grew at a faster rate, Jadwa Investment’s recently-released Chartbook for the month said.
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Saudi Arabia’s ACWA Power Begins Construction on South Africa’s Largest Renewable Project
Saudi-based ACWA Power has announced the start of construction on the 100MW Redstone solar thermal project in South Africa following financial close of the deal, according to reports.
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Flurry of U.S.-Saudi Diplomatic Activity as Allies Huddle on Yemen, Mutual Interests
Top diplomatic officials from the U.S. and Saudi Arabia met in Riyadh over the weekend to discuss bilateral relations and areas of mutual interest, according to official government accounts and information shared on Twitter. Several meetings were held between the two allies. Saudi Arabia’s top diplomat, Prince Faisal bin Farhan Al-Saud, and the Kingdom’s Ambassador to the […]
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Saudis put on show of soft power as Wembley turns green and white
Then, the familiar voice of Michael Buffer announced that before the fighters were ready to rumble, the Saudi national anthem would be played after a tribute to King Salman. Just for a brief second, an eerie silence befell Wembley as the stadium was suddenly illuminated in green and white. Turki Al-Sheikh, the camera-loving adviser to the crown prince, Mohammed bin Salman, stood sternly in the centre of the ring among other Saudi dignitaries.
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Saudi Arabia sets strict health criteria for Haj 2025, urges vulnerable groups to postpone
The Saudi Ministry of Health recommended that individuals who are elderly (over 65), have chronic diseases, such as heart, kidney, or respiratory issues, or diabetes, have immune deficiencies, whether congenital or acquired, have cancer, are terminally ill, are pregnant, or are children under 12 should consider postponing their Haj and Umrah pilgrimage this year.
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The path to 2060: Saudi Arabia’s long-term pathway for GHG emission reduction
Saudi Arabia, as part of its Saudi Green Initiative, has announced its goal to achieve net zero green-house gas emissions by 2060. This ambitious target underscores the nation's dedication to addressing climate change. However, there is a significant gap in comprehensive analysis regarding the long-term effects of Saudi Arabia's climate policies and their collective contribution towards the net-zero objective.
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Saudi Arabia at 94: How the kingdom rewrote the rules of innovation
This policy has helped turn the kingdom into a major tourist hub in the region, harnessed new markets overseas especially in Africa for Saudi exports, attracted efficiency-seeking investors from all over the world, adopted low-carbon technologies and strategies in its oil industry, as well as it is developing a large manufacturing base under the slogan of ‘Made in Saudi.’
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BlackRock Deal Showcases Rise of Saudi Wealth Fund’s New Star
Al Humied, who is in his early forties, and Al Rumayyan, 54, go back over a decade, having previously worked together at the Saudi markets regulator. He jumped at the chance to join the PIF during the early days of its transformation without even asking questions about salary or the role, Al Rumayyan said in a 2022 interview. It was the same for Turqi Al Nowaiser, who is in his late forties and oversees international investments. “They believed in the cause, and maybe in me personally, and of course in Prince Mohammed,” Al Rumayyan said at the time.
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Saudi National Day 2024: History, celebrations and what you need to know
Saudi National Day celebrations began in all major cities across the kingdom on Friday, September 20. Celebrations include firework displays, live music and air shows across major cities while streets, schools and universities, as well as public and private spaces, will be display the green Saudi flag.
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Dreams turned into reality as Saudi Arabia turns 94
September 23rd is a date that resonates deeply with every citizen and resident, symbolizing a land rich in goodness, blessings, and generosity. This occasion arrives amidst a new reality filled with significant development initiatives that position Saudi Arabia among advanced nations, embodying growth, security, ambition, and the unwavering resolve to turn the impossible into reality.
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Saudi industrial investments soar to $400bn after expat fees waived
Investments in the Saudi industrial sector jumped 54 per cent, hitting SR1.5tn ($400bn) this year from SR992bn ($264bn) in 2019, according to a report released by the Federation of Saudi Cambers’ economic-affairs department. The analytical report addresses the impact of the state’s waiver on fees for expatriate workers in the industrial sector, an initiative introduced in 2019 and running until the end of 2025, under a recent extension decision.
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Could homegrown fashion be Saudi Arabia’s next economic driver?
As a result, fashion sales in Saudi Arabia are projected to soar by 48 percent from 2021 to 2025, reflecting a robust annual growth rate of 13 percent. This growth is fuelled by diverse factors including a rising interest in sportswear due to increased health consciousness and robust marketing efforts by global brands like Adidas and Nike.
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Iran’s Guards ban communications devices after strike on Hezbollah
Iran's elite Revolutionary Guards Corps (IRGC) has ordered all members to stop using any type of communication devices after thousands of pagers and walkie-talkies used by its Hezbollah allies in Lebanon blew up in deadly attacks last week, two senior Iranian security officials told Reuters. One of the security officials said a large-scale operation is underway by the IRGC to inspect all devices, not just communication equipment. He said most of these devices were either homemade or imported from China and Russia.
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