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The Saudi capital Monday launched an ambitious global campaign for its bid to host the Expo 2030 Riyadh at a dazzling closing ceremony of the Kingdom’s pavilion at Expo 2020 Dubai.
Saudi Arabia launches global campaign for its bid to host Expo 2030 Riyadh
RIYADH — The Saudi capital Monday launched an ambitious global campaign for its bid to host the Expo 2030 Riyadh at a dazzling closing ceremony of the Kingdom’s pavilion at Expo 2020 Dubai.Five countries, including Saudi Arabia, South Korea, Italy, Ukraine and Russia are in the reckoning for the 2030 World Expo. The letter announcing Riyadh’s intention to bid was submitted Oct. 29, 2021 on behalf of Crown Prince Mohammed Bin Salman, Deputy Prime Minister.The Saudi Pavilion’s spectacular ceremony marked the end of the Kingdom’s successful presence at Expo 2020 Dubai where millions of visitors got a glimpse of Saudi Arabia’s rich history, geographical and cultural diversity.Speaking at the closing ceremony, Fahd Al-Rasheed, CEO of the Royal Commission for Riyadh City, said:...
March 28, 2022

Saudi Arabia launches global campaign for its bid to host Expo 2030 Riyadh

Masam project, an affiliate of the Riyadh-based KSrelief, has successfully cleared, during the fourth week of March 2022, as many as 1,485 mines planted by the Houthis.
KSrelief’s Masam project dismantles 1,485 mines in Yemen in one week
RIYADH — Masam project, an affiliate of the Riyadh-based King Salman Humanitarian Aid and Relief Center (KSrelief), which was designed to demine the Yemeni lands, has successfully cleared, during the fourth week of March 2022, as many as 1,485 mines planted by the Houthi militia in various regions of Yemen, it was reported here Monday.The operation included 50 anti-personnel mines, 423 anti-tank mines, 976 unexploded ammunition explosives and 36 explosive charges, added the report.According to statistics, this brings the number of mines dismantled in March 2022 to 5,395, and those cleared since the beginning of the project so far to 328,184.KSrelief's Masam project continues to clear the Yemeni lands of mines, randomly planted by the terrorist Houthi militia throughout Yemen,...
March 28, 2022

KSrelief’s Masam project dismantles 1,485 mines in Yemen in one week

The CEO of the Culinary Arts Commission, Mayada Badr, received here Monday the Sultanate of Oman’s Ambassador Arabia, Sayyid Faisal Bin Turki Al Said.
Culinary Arts Commission CEO meets Oman's Ambassador
RIYADH — The CEO of the Culinary Arts Commission, Mayada Badr, received here Monday the Sultanate of Oman’s Ambassador Arabia, Sayyid Faisal Bin Turki Al Said.During the meeting, they reviewed the strategy of the Culinary Arts Commission, and discussed ways of cooperation between the two countries in various cultural fields.This is in addition to the most prominent activities and events that the Commission intends to implement in 2022. — SPA
March 28, 2022

Culinary Arts Commission CEO meets Oman's Ambassador

Prince Abdulaziz Bin Talal, president of AGFUND, and Catherine Russell, UNICEF executive director at the AGFUND memorial ceremony Monday, in cooperation with UNICEF.
AGFUND, UNICEF mark 40 years of partnership and commitment toward children
RIYADH — The Arab Gulf Program for Development (AGFUND) held a memorial ceremony here Monday, in cooperation with UNICEF, marking 40 years of partnership between the two organizations and the results achieved in the field of children.The ceremony was held in the presence of Prince Abdulaziz Bin Talal, president of AGFUND, and Catherine Russell, UNICEF executive director.Russell said: "UNICEF is honored to rely on a partner like AGFUND, and we look forward to more support and better protection for the most vulnerable children for another 40 years and more."She added that several generations of children in Asia, Africa, Latin America, and others benefited from this partnership which started in 1981, led by the late Prince Talal Bin Abdulaziz, the special envoy of UNICEF and the...
March 28, 2022

AGFUND, UNICEF mark 40 years of partnership and commitment toward children

Prince Faisal, Blinken discuss joint efforts to establish foundations of peace
RIYADH — Saudi Arabia's Foreign Minister Prince Faisal Bin Farhan received a phone call on Monday from US Secretary of State Anthony Blinken, the Saudi Press Agency reported.During the call, they reviewed the strategic relations between Saudi Arabia and the United States and ways to enhance them in all fields of cooperation and joint coordination. They reviewed regional and international issues of common interest.They also discussed promoting security and stability in the Middle East region and efforts to establish foundations of peace made by the two countries in the region and the world. — SG
March 28, 2022

Prince Faisal, Blinken discuss joint efforts to establish foundations of peace

Saudi stock market records highest closing since 2006
Saudi Gazette reportRIYADH — The Tadawul All Share Index (TASI), Saudi Arabia’s main stock market indicator, increased by 0.5 percent, to reach 13,064 on Monday, marking the highest close since 2006.During Monday's trading, the price of Brent crude fell $5.85 to $114.80 a barrel, and WTI crude oil declined $5.72 to $108 a barrel at 3:24 p.m. Saudi timeLeading the gainers was ACWA POWER Co., which climbed 7.80 percent, whereas leading the fallers was Malath Cooperative Insurance Co., which dropped 3.25 percent.Savola Group rose 0.28 percent, despite reporting a 76 percent decline in annual profit to SR222 million ($59.2 million) in 2021.Digital security firm Elm Co. was up 0.77 percent, as earlier it achieved the highest level since the listing reaching SR212.4.In the financial...
March 28, 2022

Saudi stock market records highest closing since 2006

CMA Chairman Mohammed Bin Abdullah Elkuwaiz said investment in Saudi Arabia has witnessed a qualitative leap in the stock market and a significant growth in entrepreneurs' funds, be it private or venture investment or startup funds.
CMA chairman highlights investment opportunities in Saudi Arabia for entrepreneurs
RIYADH — Chairman of the Capital Market Authority (CMA) Mohammed Bin Abdullah Elkuwaiz said investment in Saudi Arabia has witnessed a qualitative leap in the stock market and a significant growth in entrepreneurs' funds, be it private or venture investment or startup funds.During his participation in a dialogue session on the sidelines of the Global Entrepreneurship Congress, Elkuwaiz highlighted that the authority adopts a system to support financing for venture capital investment and to remove regulatory obstacles.He added that there are emerging companies that have entered the capital market, which reflects the multiplicity of investment opportunities in the Kingdom.He pointed out that the crowdfunding platforms contributed to accelerating the financing process for pioneering...
March 28, 2022

CMA chairman highlights investment opportunities in Saudi Arabia for entrepreneurs

The Saudi Ports Authority (Mawani) signed Monday an agreement with CMA CGM Group, a world leader in shipping and logistics, to build an integrated logistics platform in Jeddah Islamic Port.
Mawani, CMA CGM announce launch of integrated logistics platform in Jeddah Port
JEDDAH — The Saudi Ports Authority (Mawani) signed Monday an agreement with CMA CGM Group, a world leader in shipping and logistics, to build an integrated logistics platform in Jeddah Islamic Port.The new facility will be established on 130,000 sq. meters of land leased by the port administration with the overall aim of developing an efficient sector-wide logistics mechanism and boosting the Kingdom’s profile as a global logistics hub connecting three continents.The deal was signed by Mawani President Omar Talal Hariri and CMA CGM Group’s Regional Director for the Middle East Gulf, Indian Subcontinent, Indian Ocean Islands, and Southern and Eastern Africa Xavier Eiglier, in the presence of senior officials from both sides and a host of leading industry executives.Mawani’s...
March 28, 2022

Mawani, CMA CGM announce launch of integrated logistics platform in Jeddah Port

Saudi Arabia to launch Future Aviation Forum next May in Riyadh
RIYADH — Under the patronage of the Custodian of the Two Holy Mosques King Salman, Saudi Arabia will launch the Future Aviation Forum, which is organized by the General Authority of Civil Aviation (GACA) during the period from May 9-11, 2022 in the capital city of Riyadh.The Minister of Transport and Logistics Services and Chairman of the Board of Directors of GACA Eng. Saleh Bin Nasser Al-Jasser expressed his thanks and gratitude to the Custodian of the Two Holy Mosques for his generous sponsorship of the Future Aviation Forum.He also extended his thanks and appreciation to Crown Prince Muhammad Bin Salman, deputy prime minister and minister of defense for his continuous support and follow-up. He noted the continuous support and great interest that the Transport and Logistics Sector...
March 28, 2022

Saudi Arabia to launch Future Aviation Forum next May in Riyadh

Four startups — including three e-commerce companies and a HealthTech — a leading global accelerator and a venture capital fund will invest up to $608.25 million in Saudi Arabia, creating 2,400 jobs.
4 startups, global accelerator, venture capital fund to invest $162 million in Saudi Arabia
RIYADH — Four startups – including three e-commerce companies and a HealthTech – a leading global accelerator, and a venture capital fund tend to invest $162.2m in Saudi Arabia. The licenses were announced by Saudi Arabia’s Ministry of Investment at the Global Entrepreneurship Congress, and are evidence of the Kingdom’s burgeoning start-up and venture capital ecosystem.The licenses announced:• imVentures, a venture capital fund that offers venture lending as well as equity. Investment of $100 million.• Plug and Play, a world leading early-stage investor, accelerator, and corporate innovation platform with global headquarters in Sunnyvale, California in the Silicon Valley. Investment of $25 million• Cartlow, a leading re-commerce...
March 28, 2022

4 startups, global accelerator, venture capital fund to invest $162 million in Saudi Arabia

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