Growing ‘Davos In The Desert’ A Sign Of Saudi Clout

Growing ‘Davos In The Desert’ A Sign Of Saudi Clout

Organisers stress the FII is not a conference about Saudi Arabia but rather ‘an international conference happening in Saudi Arabia’ Hundreds of CEOs and finance moguls are expected in Riyadh from Tuesday for a Davos-style investment conference that analysts say will highlight Saudi Arabia’s geopolitical muscle despite strained ties with the US. The Future Investment…

Read More

Saudi Arabian, Abu Dhabi Sovereign Wealth Funds Eyeing Investment in Scandal-Hit Credit Suisse

Saudi Arabian, Abu Dhabi Sovereign Wealth Funds Eyeing Investment in Scandal-Hit Credit Suisse

World Bank lowers 2023 growth forecast from 3% to 1.9%, says dangerously close to recession Middle East’s to major sovereign wealth funds are exploring the option of funneling money into the investment bank business of embattled Swiss bank Credit Suisse. Abu Dhabi’s Mubadala Investment Co. and Saudi Arabia’s Public Investment Fund are separately holding discussions…

Read More

Saudi Arabia’s Crown Prince Named Prime Minister

Saudi Arabia’s Crown Prince Named Prime Minister

Saudi Arabia’s powerful Crown Prince Mohammed bin Salman Saudi Arabia’s powerful crown prince, Mohammed bin Salman, has been named prime minister, a post traditionally held by the king, in a government shuffle announced Tuesday. Prince Mohammed, who has already been the kingdom’s de facto ruler for several years, previously served as deputy prime minister under…

Read More

With A Gamer Prince And Oil Billions, Saudi Turns To ESports

With A Gamer Prince And Oil Billions, Saudi Turns To ESports

The Saudi capital Riyadh hosted the international eSport gamers forum “Next World” this month Wearing headphones and anti-sweat finger sleeves, gamers from eight countries guided gun-toting avatars through a battle royale in the Saudi capital, as cheering onlookers watched the action on a big screen. The PUBG Mobile tournament was part of Gamers8, a summer…

Read More

2 Americans, 5 Brits Among POWs Transferred From Russia To Saudi

2 Americans, 5 Brits Among POWs Transferred From Russia To Saudi

This handout image released by the Saudi Press Agency (SPA) shows foreign prisoners from the Ukraine conflict on arrival in Riyadh from Russia Ten prisoners of war from countries including the United States and Britain have been transferred to Saudi Arabia as part of an exchange between Russia and Ukraine, the Gulf state said Wednesday.…

Read More

Eyeing Tourism Boom, Saudi Scrambles To Train Hotel Staff

Eyeing Tourism Boom, Saudi Scrambles To Train Hotel Staff

Students attend a training seminar at the tourism ministry in the Saudi capital Riyadh Under the watchful eye of an instructor, Munira al-Rubaian spreads fresh bed linen in a mock hotel room in the Saudi capital, aiming to land a job in the desert kingdom’s growing tourism sector. The unemployed 25-year-old is one of thousands…

Read More

Britain’s Ali Wins First Saudi Women’s Boxing Match In Seconds

Britain’s Ali Wins First Saudi Women’s Boxing Match In Seconds

On top: Ramla Ali (right) takes on Crystal Nova Somali-born Briton Ramla Ali won the first professional women’s boxing match held in Saudi Arabia with a spectacular first-round knock-out of Crystal Garcia Nova on Saturday. Just seconds into the fight, after already connecting with heavy shots to the head and body, Ali sent Nova’s gumshield…

Read More