Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: THE FUTURE INVESTMENT INITIATIVE
Saudi drive to ‘moderate Islam’ welcomed at UN
:: Crown Prince Mohammed bin Salman’s efforts to modernize Saudi Arabia by returning to “moderate Islam” has been welcomed by the UN official charged with promoting traditional rights around the world. Karima Bennoune, the UN’s special rapporteur in the field
Foreign investors to be given full access to Saudi parallel market
:: Saudi Arabia plans to make its capital market more accessible to foreign investors by giving them full access to NOMU, a parallel market recently launched for small and medium-sized enterprises, Mohammed El-Kuwaiz, chairman of the Capital Market Authority (CMA)
Extremism, not Putin, is No. 1 problem, Sarkozy tells Riyadh forum
:: Nicolas Sarkozy, the former French president, said extremists were the biggest problem the world faced today, not President Putin of Russia who has been accused of meddling in elections in the US and some European countries. Speaking on the
Saudi central bank chief urges caution on crypto-currencies
:: Saudi Arabia’s non-oil sector of the economy is still healthy and the private sector will contine to grow, stimulated by reforms, the Saudi central bank governor said on Thursday. Ahmed Al-Kholifey, governor of the Saudi Arabian Monetary Authority (SAMA),
Saudi Arabia’s Tadawul stock exchange chief pledges more reforms
:: Sarah Al-Suhaimi, the chairperson of the Tadawul stock exchange, has committed the Riyadh market to further reform and modernization in an effort to ensure inclusion in global investment indices as soon as possible. Speaking at the Future Investment Initiative
Saudi Arabia determined to end oil glut
:: Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once the pact ends to prevent a buildup in excess supplies. Saudi Energy Minister Khalid Al-Falih,
Saudi Arabia strikes $1bn Korean engineering deal
:: Saudi Arabia’s Public Investment Fund (PIF) has shelled out $1 billion for a 38 percent stake in Posco E&C, the construction arm of the giant South Korean steelmaker Posco. The deal is driven by the Korean company’s drive to
Lagarde warns of dark future for planet if climate change is ignored and world is ‘toasted and roasted’
:: The planet faces a “dark” future in 50 years if leaders fail to address climate change and growing global inequality, Christine Lagarde, head of the International Monetary Fund, said during a panel discussion at the Future Investment Initiative (FII)
Saudi Public Investment Fund looks for more global alliances
:: Saudi Arabia’s Public Investment Fund (PIF) is looking for further international partnerships as part of its ambitious aim to become the largest sovereign wealth fund in the world. Yasir Al-Rumayyan, PIF managing director, said that global investment alliances would
Robots to roam $500 billion Saudi city
:: Crown Prince Mohammed bin Salman on Tuesday unveiled ambitious plans for a new city state that would also straddle Jordan and Egypt in the kingdom’s northwest with up to $500bn in investments. Called Neom, the city will be powered
‘Saudi Now’ markets and economics app launched
:: Thomson Reuters has launched the “Saudi Now” application aimed at financial professionals seeking markets and economics data on Saudi Arabia. The launch was announced at the Future Investment Initiative organized by the Public Investment Fund in Saudi Arabia. The
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