Business & Money | Friday 26 October, 2018 6:35 am

AL-Falih; Deals signed at Riyadh conference worth $56bn

Deals signed at the Riyadh Future Investment Initiative (FII) conference reached a total value of $56billion, Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said on Thursday. "There were more than 25 deals signed worth $56 billion," Al Falih said in remarks...

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Business & Money | Friday 26 October, 2018 6:33 am

Saudi Arabia’s PIF joins Russia and China in $2.5bn ‘trilateral’ investment fund

Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) is to join forces with Russian sovereign wealth fund RDIF as a new partner in the joint Russia-China Invesment Fund, it was announced on Thursday. As part of the agreement, Saudi’s PIF will contribute $500 million to ...

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Culture & Education | Friday 26 October, 2018 5:32 am

Saudi Arabia’s culture minister heads Arab delegations at China-Arab States Cooperation Forum

The Saudi minister of culture, Prince Badr bin Abdullah bin Mohammed bin Farhan Al-Saud, headed the Arab delegations participating in the China-Arab States Cooperation Forum (CASCF) in Chengdu, China on Thursday. On behalf of Saudi Arabia, the minister thanked the government of the People’s...

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Business & Money | Friday 26 October, 2018 2:31 am

Saudi Housing Ministry signs residential real estate deals worth $4.4bln on FII sidelines

The Saudi Ministry of Housing has signed three residential real estate development agreements worth $4.4 billion, the Saudi Arabian General Investment Authority (SAGIA) announced on Thursday on the sides of the Future Investment Initiative in Riyadh. One of the deals was a $2.6 billion memorandum...

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Culture & Education | Thursday 25 October, 2018 2:47 pm

SAR 3.0 Billion Mou to Build New Network of Schools in Saudi Arabia

In a major step forward towards opening up its education sector for foreign investment, Saudi Arabia has announced an ambitious partnership between GEMS Education and Hassana Investment Company, the investment arm of the General Organization for Social Insurance “GOSI”. The...

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Business & Money | Thursday 25 October, 2018 4:47 am

Princess Reema: Investment will take Saudi eSports to next level

Greater investment in eSports would boost the Saudi economy and help young gamers better compete in the global — if virtual — arena, one of the Kingdom’s top sporting officials has said.  Princess Reema bint Bandar, of the General Sport Authority, told the Future...

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Business & Money | Thursday 25 October, 2018 4:41 am

MBS: Middle East can be the ‘new Europe’

The Middle East can be the “new Europe,” Saudi Crown Prince Mohammed bin Salman said on Wednesday as he vowed to see the region thrive economically.  The crown prince told a packed audience at the Future Investment Initiative forum in Riyadh that he would like to see the...

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Business & Money | Thursday 25 October, 2018 4:31 am

DP World Group Chairman and CEO discusses impact of geographies on innovation at Saudi conference

Global trade enabler DP World has highlighted its ambition to use Hyperloop and blockchain technologies to revolutionize the movement of cargo across borders. Speaking at the Future Investment Initiative in Riyadh, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, already the...

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Business & Money | Thursday 25 October, 2018 2:51 am

Agreements signed to improve digital services for pilgrims

Saudi Arabia has signed two agreements that aim to enhance the digital capabilities of services related to Hajj and Umrah, to make the experience easier and more enjoyable for pilgrims. Both were signed on the sidelines of the Future Investment Initiative gathering in Riyadh. The first is with...

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Business & Money | Wednesday 24 October, 2018 3:04 pm

Bahri supports Supply Chain and Logistics Conference as Diamond Sponsor

Reinforcing its commitment to the advancement of the maritime industry, Bahri, a global leader in logistics and transportation, supported the Supply Chain and Logistics Conference held under the patronage of Saudi Arabia’s Minister of Transportation, Dr. Nabil bin Mohammed Al-Amoudi, as a...

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