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PIF appoints Saad Alkroud to lead local real estate investments, Maram Al Johani as acting chief of staff

Saudi Gazette reportRIYADH — The Public Investment Fund (PIF) has announced key leadership appointments following the transition of Eng. Aiman AlMudaifer to Managing Director and Chief Executive Officer of NEOM.These appointments are part of PIF’s continued efforts to strengthen its leadership foundation and drive forward its strategic mandate.Saad Alkroud has been named Head of the Local Real Estate Investment Division, taking over the portfolio previously overseen by AlMudaifer.Alkroud has served as Chief of Staff at PIF since 2021 and brings extensive experience in strategic planning and stakeholder management.In his new role, he will be responsible for developing and expanding PIF’s real estate and infrastructure investment portfolio, which includes Saudi Arabia’s landmark...

May 15, 2025

PIF appoints Saad Alkroud to lead local real estate investments, Maram Al Johani as acting chief of staff

US President Donald Trump, Qatar's Emir Tamim bin Hamad Al Thani and Boeing CEO Kelly Ortberg attend a signing ceremony in Doha, Qatar on May 14, 2025

Boeing secures ‘largest-ever’ order from Qatar during Trump visit

DOHA — Boeing has secured a deal with Qatar for up to 210 jets in what the White House is calling the aircraft maker’s “largest-ever” widebody order, worth $96 billion.The order comes as the Gulf state’s prime minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, dismissed controversy surrounding US President Donald Trump’s plan to accept a Boeing 747-8 to be used, at least initially, as Air Force One, telling CNN’s Becky Anderson on Wednesday that it’s simply a “government-to-government transaction,” not a personal gift to Trump.The potential transfer of the jet, which Trump has said would be donated to his library after he leaves office, has been criticized by Democrats and Republicans alike, with some of Trump’s own supporters pointing to the appearance...

May 15, 2025

Boeing secures ‘largest-ever’ order from Qatar during Trump visit

Arab European Cities Dialogue concludes in Riyadh with strengthened urban partnerships and sustainable development recommendations

The first edition of the Arab European Cities Dialogue concluded in Riyadh on Sunday after three days of discussions under the theme “Bridging Cities, Building Futures.” The forum was organized by the Riyadh Municipality in collaboration with the Arab Urban Development Institute (AUDI), PLATFORMA, and VNG International.The conclusion of the event marked the culmination of a busy agenda featuring plenary sessions, workshops, and roundtable discussions that addressed key challenges and opportunities in sustainable urban development. The forum brought together high-level participation from mayors and city leaders from across the Arab world and Europe, along with representatives from international organizations, development funds, and municipal alliances.The sessions covered various...

May 14, 2025

Arab European Cities Dialogue concludes in Riyadh with strengthened urban partnerships and sustainable development recommendations

STC Bank partners with Arthur Lawrence for operational outsourcing, job description development services

STC Bank has announced on Monday, on the sidelines of the Saudi-U.S. Investment Forum 2025, an agreement with Arthur Lawrence to deliver operational outsourcing and job description development services to the bank.As part of the agreement, STC Bank will now be supported by Arthur Lawrence in developing and aligning job descriptions for roles across the company to ensure alignment with STC Bank’s vision. Arthur Lawrence will also be responsible for delivering required outsourced human resources to the bank. By leveraging its proven methodologies and sector expertise, Arthur Lawrence will help ensure that every role at STC Bank is aligned with the bank’s evolving business goals, enhancing operational clarity and enabling smarter workforce planning across all departments.Arthur Lawrence...

May 14, 2025

STC Bank partners with Arthur Lawrence for operational outsourcing, job description development services

Qiwa CTO highlights Saudi Arabia's Digital Labor Market Transformation at London's International Finance Forum[AA1]

Haytham AlQadheeb, Chief Technology Officer of Qiwa at Takamol Holding, commanded attention at London's 4th International Finance Forum (IFF25), [AA2] where he outlined Saudi Arabia's digital transformation to global finance and technology leaders. His presentation detailed the Kingdom's strategic advances in labor market digitization and emphasized how digital infrastructure drives economic growth and capital efficiency across Africa and the MENA region.Participating in a high-level panel discussion titled "Digital Oases: Financing the Next Generation of Africa and MENA's Internet Infrastructure," AlQadheeb underscored how digital transformation is not merely a technological upgrade but a fundamental strategic enabler for national development. He emphasized that...

May 14, 2025

Qiwa CTO highlights Saudi Arabia's Digital Labor Market Transformation at London's International Finance Forum[AA1]

Keeta reveals Saudi Food Delivery Trends in Q1 2025: Fast food leads, Sweet Cravings rise, and Delivery gets even faster

Keeta, the international subsidiary of Meituan, China’s on-demand delivery giant, has released Q1 2025 insights, revealing what the Saudi population ordered, where food trends are shifting, and how delivery is becoming a seamless part of daily life. With over 30,000 registered delivery riders and 25,000+ restaurant partners across the Kingdom, Keeta’s footprint is now matched by real-time data on local tastes and behaviors.Keeta Q1 2025 by the Numbers The majority of total orders = Fast Food Nearly one in five total orders = Desserts & Beverages 244 orders placed by one user in Q1 2025

May 14, 2025

Keeta reveals Saudi Food Delivery Trends in Q1 2025: Fast food leads, Sweet Cravings rise, and Delivery gets even faster

Dr. Waleed Alrodhan Alshalan: A journey through cybersecurity and the worlds of literature and history

At the fascinating crossroads of technology and imagination, Dr. Waleed Alrodhan Alshalan emerges as a prominent figure in Saudi Arabia’s academic and cultural landscape. A cybersecurity associate professor and passionate novelist, Alshalan blends technical expertise with literary finesse. His novel Leonardo da Vinci gained significant attention in the Saudi cultural scene in 2022, and now, he celebrates the release of his first English-translated work, Laith the First: The Unknown King of England.In this exclusive interview, we delve into his unique journey, explore the intersection of cybersecurity and literature, and get a glimpse into his upcoming creative projects.Q: Dr. Waleed, as a cybersecurity professional and academic, what inspired you to step into the world of literature and...

May 14, 2025

Dr. Waleed Alrodhan Alshalan: A journey through cybersecurity and the worlds of literature and history

A worker at a furniture maker in Binzhou city in east China's Shandong province

Markets rise as US and China agree to slash tariffs

SINGAPORE — Share markets jumped on Monday after President Trump said weekend talks had resulted in a "total reset" in trade terms between the US and China, a move which goes some way to defuse the high stakes stand-off between the two countries.The talks in Switzerland resulted in significant cuts to the tit-for-tat tariffs that had been stacked up since January on both sides.The US will lower those tariffs from 145% to 30%, while China's retaliatory tariffs on US goods will drop to 10% from 125%.President Trump told reporters, that, as some of the levies have been suspended rather than canceled altogether, they might rise again in three months time, if no further progress was made.However, he said he did not expect them to return to the previous 145% peak."We're...

May 13, 2025

Markets rise as US and China agree to slash tariffs

The signing of the agreement between Areeb Capital and SNB.

Areeb Capital signs SR5.8 billion financing agreement with Saudi National Bank

Areeb Capital, a prominent real estate fund management company, announced signing a new financing agreement with the Saudi National Bank (SNB) worth SR5.8 billion.This agreement will enhance the company's financing capabilities for its ambitious investment projects in the Saudi real estate market.This agreement represents a strategic step that supports the company's efforts to expand its investment portfolio and develop innovative real estate projects that meet the local market's needs, contributing to lucrative returns for investors and strengthening its status as a leading asset management company in the real estate funds sector.Areeb Capital affirmed that the deal reflects the confidence of prominent banks in the Kingdom, led by the Saudi National Bank, in its efficient...

May 12, 2025

Areeb Capital signs SR5.8 billion financing agreement with Saudi National Bank

Saudi firm completes first locally produced THAAD components with Lockheed Martin

JEDDAH — Lockheed Martin Missiles and Fire Control President Tim Cahill, General Authority for Military Industries (GAMI) Assistant Deputy Nawaf Albawardi, and Arabian International Company for Steel Structures (AIC) President Wasim Attieh recently met at AIC’s Jeddah facility to mark the completion of the first locally manufactured components for the Terminal High Altitude Area Defense (THAAD) launcher.The milestone reflects a growing collaboration between AIC and Lockheed Martin, aimed at advancing Saudi Arabia’s defense manufacturing capabilities.The locally produced components were developed through precision welding and advanced manufacturing techniques, reinforcing both the Kingdom’s defense industrial base and the U.S. supply chain by establishing a second source of...

May 11, 2025

Saudi firm completes first locally produced THAAD components with Lockheed Martin

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