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PIF ranks as world’s most valuable and fastest-growing sovereign wealth brand in 2025 — Brand Finance
Saudi Gazette reportRIYADH — The Public Investment Fund (PIF) has been ranked as the world’s most valuable and fastest-growing sovereign wealth fund brand for 2025, according to leading brand valuation consultancy Brand Finance.It marks the second consecutive year the Saudi sovereign wealth fund tops the global list.PIF’s brand was valued at $1.2 billion this year, an 11% increase compared to 2024. The fund received an A+ brand strength rating, placing it second globally with a score of 62.9, and seventh in terms of assets under management (AUM) relative to brand value — the only sovereign fund to rank in the top ten in that category.According to Brand Finance’s annual report on sovereign wealth funds and asset managers, PIF achieved the fastest brand growth rate in 2025.The...
July 28, 2025

PIF ranks as world’s most valuable and fastest-growing sovereign wealth brand in 2025 — Brand Finance

Saudi Arabia issues 83 new industrial licenses in June worth $253 million
Saudi Gazette reportRIYADH — The Ministry of Industry and Mineral Resources issued 83 new industrial licenses in June, representing more than SR950 million ($253.3 million) in total investments, the ministry announced on Monday.The new licenses are expected to create over 1,188 jobs across various regions of the Kingdom, signaling continued momentum in Saudi Arabia’s drive to expand its industrial base.According to the monthly report released by the National Center for Industrial and Mining Information, 58 new factories also commenced operations in June.These factories represent a combined investment of SR1.9 billion ($506.6 million) and are forecast to generate 2,007 new jobs.The report highlights the sustained growth of Saudi Arabia’s manufacturing sector and the steady pace at...
July 28, 2025

Saudi Arabia issues 83 new industrial licenses in June worth $253 million

The Saudi Media Forum continues to serve as a global hub for dialogue, knowledge exchange, and professional development.
Saudi Media Forum 2026 to be held in Riyadh under King Salman’s patronage
Saudi Gazette reportRIYADH — The next edition of the Saudi Media Forum will take place in Riyadh from Feb. 2 to 4, 2026, under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz, with participation from more than 250 local, regional, and international media and tech companies.Held at a time of major global shifts in the media landscape, the forum will bring together top decision-makers, innovators, and industry leaders to discuss the future of media, digital transformation, and content creation.Minister of Media Salman Al-Dosari said the forum, launched in Riyadh, has grown into an influential international platform that helps shape the future of media in the region and beyond.“It serves as a space for Saudi narratives to be presented to the world with...
July 28, 2025

Saudi Media Forum 2026 to be held in Riyadh under King Salman’s patronage

Over one million sign up for ‘On His Path’ migration trail experience
Saudi Gazette report MADINAH — Turki Alalshikh, Chairman of the General Entertainment Authority, announced that public interest in the immersive "On His Path" experience has surged past one million registration requests ahead of its official launch this November.Taking to X, Alalshikh wrote, “Alhamdulillah, we’ve received over a million requests for the Hijrah trail in the ‘On His Path’ experience... See you in November, insha’Allah.”He extended his gratitude to Crown Prince and Prime Minister Mohammed bin Salman for his unwavering support of the project, and thanked Prince Salman bin Sultan, Emir of Madinah Region, and Prince Saud bin Mishaal, Deputy Emir of Makkah Region, for their consistent backing and commitment to the success of this pioneering...
July 28, 2025

Over one million sign up for ‘On His Path’ migration trail experience

Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan.
Saudi FM arrives in New York to co-chair UN conference on Palestinian statehood with France
Saudi Gazette reportNEW YORK — Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan arrived in New York on Monday to co-chair the high-level international conference on the peaceful settlement of the Palestinian issue and the implementation of the two-state solution at the ministerial level.The event, held at the United Nations headquarters, is jointly led by Saudi Arabia and France.The conference aims to establish a clear timeline for the creation of a sovereign Palestinian state, ending the Israeli occupation based on a just and lasting solution in accordance with the Arab Peace Initiative and relevant UN resolutions.Over the course of its sessions, the conference will focus on practical steps to urgently support the peace process, lay the foundations for a fair and...
July 28, 2025

Saudi FM arrives in New York to co-chair UN conference on Palestinian statehood with France

Saudi Arabia launches first Climeworks DAC unit in Riyadh to advance carbon removal technology
Saudi Gazette reportRIYADH — Minister of Energy Prince Abdulaziz bin Salman on Sunday inaugurated the first Direct Air Capture (DAC) testing unit by Climeworks within the facilities of the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh.The mobile unit, now operational, captures carbon dioxide directly from the atmosphere, validating Climeworks’ pioneering technology under the Kingdom’s hot and arid climate.This marks the company’s first such deployment outside colder regions like Iceland and represents a significant milestone in Saudi Arabia’s push to lead global climate innovation.The launch reinforces the Kingdom’s commitment to the Circular Carbon Economy (CCE) framework and highlights its pursuit of pragmatic, scalable solutions to meet national and...
July 28, 2025

Saudi Arabia launches first Climeworks DAC unit in Riyadh to advance carbon removal technology

Saudi Arabia extends exit deadline for visit visa holders by 30 days
Saudi Gazette reportRIYADH — The General Directorate of Passports announced the extension of the grace period for the final departure of visit visa holders across all categories and designations.The new 30-day window will begin on the 1st of Safar, 1447 AH, and is conditional on the payment of applicable fees and fines as stipulated by Saudi regulations.According to the statement, eligible individuals can benefit from this initiative by submitting a request through the “Tawasul” service available on the Ministry of Interior’s digital platform “Absher.”The directorate urged all visitors to take advantage of the extended period within the specified timeframe to ensure legal departure from the Kingdom and avoid further penalties.The initiative aims to streamline exit procedures...
July 28, 2025

Saudi Arabia extends exit deadline for visit visa holders by 30 days

The two ministers signed a memorandum of understanding between the governments of Saudi Arabia and Syria to enhance cooperation in energy.
Saudi Arabia and Syria sign energy cooperation agreement in Riyadh
Saudi Gazette reportRIYADH — Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman met with Syria’s Minister of Energy Eng. Mohammad Al-Bashir in Riyadh on Sunday to explore opportunities for bilateral cooperation across various energy sectors.During the meeting, both sides discussed ways to strengthen ties in petroleum supply, electricity, renewable energy, energy efficiency, and investment opportunities.The talks also covered knowledge exchange in developing projects, policies, and regulations in the energy sector, with a shared aim of supporting Syria’s development efforts.Following the meeting, the two ministers signed a memorandum of understanding between the governments of Saudi Arabia and Syria to enhance cooperation in energy.The MoU outlines joint efforts in...
July 27, 2025

Saudi Arabia and Syria sign energy cooperation agreement in Riyadh

Ride-hailing apps complete over 32 million trips in Q2 2025
Saudi Gazette reportRIYADH — The Transport General Authority (TGA) announced on Sunday that ride-hailing applications in Saudi Arabia recorded over 32 million completed trips during the second quarter of 2025, marking a 104% increase compared to the same period last year.According to the TGA’s latest sector index, more than 263,000 drivers are now registered on ride-hailing platforms — a growth rate of 81% — underscoring the rising popularity of digital transport services in the Kingdom.The number of operating platforms reached 15,300, reflecting an 87% year-on-year increase.Regionally, Riyadh accounted for the highest share of total trips at 41%, followed by Makkah at 22.5%, the Eastern Province at 15.7%, and Madinah at 6.1%.Other regions included Asir (3.4%), Qassim (3.2%), Tabuk...
July 27, 2025

Ride-hailing apps complete over 32 million trips in Q2 2025

Masmak Palace Museum reopens in Riyadh after major renovation
Saudi Gazette reportRIYADH — The Museums Commission reopened Masmak Palace Museum on Saturday in Riyadh’s historic Al-Dirah district, following a comprehensive renovation that included restoration of the building and modernization of its infrastructure.The upgrades align with contemporary museum standards and reflect the Commission’s broader efforts to highlight key historical landmarks that played pivotal roles in shaping the Kingdom’s history and identity.Originally inaugurated as a museum on June 11, 1995, the Masmak now features a series of galleries that narrate the story of the 1902 Battle of Riyadh, a turning point in the Kingdom’s unification led by King Abdulaziz.The museum offers educational and visual displays, including models, archival documents, photographs, and...
July 27, 2025

Masmak Palace Museum reopens in Riyadh after major renovation

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