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Saudi Arabia NEOM Investment fund to hold 6% in Italy’s Technogym
Saudi Arabia NEOM Investment Fund (NIF) will hold 6% of Technogym share capital after an 111-million-euro ($120.83 million) investment and “intends to be a long-term minority shareholder in the Italian fitness-equipment maker,” the fund said on Friday per a report in Reuters.
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Physician and media commentator Dr. Qanta Ahmed joins The 966 to talk about ‘colossal’ changes in Saudi Arabia and much more
Physician, non-fiction author, and broadcast media commentator and writer Dr. Qanta Ahmed joins The 966 from New York to discuss the “colossal” changes in Saudi Arabia since Vision 2030 was launched and her view that Saudi Arabia has emerged as an increasingly important and influential global power. Dr. Qanta is an Academic Pulmonologist and Sleep Disorder Specialist at NYU […]
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World Bank Lauds KSA for Breakthrough Pension Reforms
Saudi Arabia took a big leap forward in transforming its pension system with the recent announcement of comprehensive reforms, designed with support from the World Bank, aimed at enhancing income protection during old-age, but also promoting gender equality.
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NYT Reports on Proposed $40B Saudi AI Investment
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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SoftBank to Create Industrial Robots for Saudi Arabia
Alat (Arabic for ‘machines’), the PIF funded $100 billion initiative to create an automated manufacturing hub in Saudi Arabia will invest up to $150 million in partnership with SoftBank.
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Russia’s President Putin to Visit Saudi Arabia and U.A.E. on Wednesday
President Vladimir V. Putin will make a rare trip to the Middle East on Wednesday saying he would discuss bilateral relations, oil and international affairs in Saudi Arabia and the United Arab Emirates.
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Kingdom’s Cinemas See Rush of Crowds to See ‘Barbie’, Now Showing in Saudi Arabia Despite Ban in Kuwait
Saudis are rushing to cinemas to see the global hit movie “Barbie” in theaters across the Kingdom, local media report.
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NASA Signs US, Saudi Arabia Agreement for Civil Aeronautics, Space Collaboration
The United States and Saudi Arabia signed a framework agreement that opens new possibilities for cooperation with NASA in areas such as space science, exploration, aeronautics, space operations, education, and Earth science. NASA Administrator Bill Nelson signed on behalf of the U.S., and CEO of the Saudi Space Agency Mohammed bin Saud Al-Tamimi signed on behalf […]
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U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”
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Khalid bin Musaed bin Saif bin Abdulaziz Al-Saif (1953-2024)
*A note from SUSTG’s President, Richard Wilson.* My friend, Khaled Al-Saif, a true Saudi patriot, passed away on February 18.
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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.
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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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