Saudi Arabia’s Etidal, Telegram remove 18 million extremist content items.

Joint efforts between the Global Center for Combating Extremist Ideology, also known as Etidal, and Telegram in combating extremist content led to the removal of 18 million items of extremist content and the closure of 660 extremist channels during the second quarter of 2024. A press release said that the joint teams continued to monitor…

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Diriyah Company brings Saudi heritage to Harrods in London with $63bn development showcase.

Diriyah Company is bringing a taste of Saudi culture and heritage to upmarket London department store Harrods this month, in the form of an exclusive pop-up exhibition highlighting the $63 billion mega-development project underway in Diriyah, the historic birthplace of the Kingdom. The immersive experience, which opened on Monday and continues until July 26, aims…

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PIF’s revenue soars 100% to $88.3bn, latest figures show.

Saudi Arabia’s sovereign wealth fund has reported strong financial results for 2023, achieving revenues of SR331 billion ($88.3 billion) from its diverse investment portfolio, marking over 100% percent growth from 2022. Demonstrating robust returns and significant progress toward its long-term objectives, the Public Investment Fund has released its consolidated financial statements for the year ending…

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ACWA Power secures $373m financing for Tashkent’s Riverside Power Plant.

 Saudi energy giant ACWA Power Co. has signed financing deals worth SR1.4 billion ($373.1 million) for Tashkent’s Riverside power plant in Uzbekistan, according to a statement on Tadawul. The facility aims to generate 200 megawatts of solar photovoltaic energy and store 500 MW per hour using batteries, with a total cost of SR2 billion. The financing agreements were signed by ACWA Power…

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Saudi energy minister announces discovery of seven oil, gas deposits.

Saudi Arabia’s energy minister announced the discovery of seven oil and gas deposits in the Kingdom’s Eastern Province and Empty Quarter, Saudi Press Agency reported on Monday. Prince Abdulaziz bin Salman said Saudi Aramco had discovered “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs,”…

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Arab oil dominates Japan’s crude supply in May.

The Arab share of Japan’s oil imports for May, as reported by the Agency for Natural Resources and Energy, amounted to 62.44 million barrels — 95.3 percent of all the oil Japan imported that month.  Imports during the month from the UAE, Saudi Arabia, Kuwait, Qatar, and the neutral zone between Saudi Arabia and Kuwait…

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Saudi king, crown prince offer condolences to king of Morocco.

 Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman sent cables of condolences to the king of Mohammed VI of the Kingdom of Morocco on the death of his mother, the Saudi Press Agency reported on Sunday. In a cable to King Mohammed VI of Morocco, King Salman expressed deepest and sincere condolences on…

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Cairo Nights brings Egypt’s lively urban culture to Jeddah.

City Walk is back with the theme “Once Again,” and boasting a new zone, Cairo Nights, which is a portal into the lively streets of the Egyptian capital. This year’s season includes new attractions and zones, while others have been renamed and rearranged to bring a fresh new experience for visitors. Cairo Nights’ alleys are…

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GCC Secretary-General emphasises strength of Gulf economy

Muscat: His Excellency Jassim Mohammed Al Budawi, Secretary-General of the Gulf Cooperation Council, emphasised the strength of the Gulf economy and its ability to face economic challenges. This came during His Excellency’s recorded speech at the roundtable meeting between the Gulf Cooperation Council and American companies, which was held under the auspices of the American Chamber…

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