Saudi Arabia

RIYADH, Nov 8 (NNN-SPA) – A Saudi Air Force F-15S fighter jet, crashed due to a technical fault, during a routine training mission on Sunday evening, the Ministry of Defence reported, yesterday.

The ministry’s spokesman, Turki Al-Malki, said, the incident occurred on Sunday evening at the King Abdulaziz Air Base training area, in the kingdom’s Eastern Province.

The aircrew of two officers survived the incident after ejection, the spokesman added.

No injuries nor ground damage were recorded.

Investigation into the incident is underway.

06 Nov 2022; MEMO: Saudi Arabia's Crown Prince Mohammed bin Salman (MbS) has on Thursday launched the kingdom's first electric vehicle brand, named Ceer. It is hoped the announcement will attract over $150 million in investment and lead to the creation of up to 30,000 jobs.

02 Nov 2022; MEMO: The Organisation of Islamic Cooperation (OIC) has condemned what it described as an "incitement campaign" targeting Qatar for its hosting of the 2022 FIFA World Cup. The tournament is due to kick off on 20 November, with the final to be held on 18 December.

02 Nov 2022; MEMO: Saudi Arabia's decision to host Chinese President Xi Jinping is a "sovereign decision," the US State Department insisted on Monday.

30 October 2022; MEMO: Saudi Arabia has hosted an event to celebrate the once-banned festival of Halloween, in a historic move for the Land of the Two Holy Mosques as the kingdom looks to implement social reforms intended to modernise the country under de-facto ruler, Crown Prince Mohammed Bin Salman.

28 October 2022; MEMO: Saudi Foreign Minister, Faisal Bin Farhan, and his Chinese counterpart, Wang Yi, met yesterday to discuss strengthening mutual relations.

The official Saudi Press Agency (SPA) reported that the two ministers had signed a cooperation agreement between the two countries. Their meeting has come on the occasion of the fourth edition of the Political and Foreign Affairs Committee under the China-Saudi High-Level Joint Committee.

29 October 2022; MEMO: Saudi billionaire Al Waleed Bin Talal, one of the owners of Twitter, joined the new private Twitter company announced by Tesla and SpaceX CEO Elon Musk after acquiring the world's most famous micro-blogging site.

This was reported on Friday in a statement by the Kingdom Holding Company (KHC) and the private office of Prince Al Waleed Bin Talal.

27 October 2022; MEMO: Saudi Arabia announced plans to pour billions of dollars into investments around the Middle East but made little progress at a flagship business event this week in luring incoming funds to transform its petrodollar economy into a diversified powerhouse, Reuters reports.

27 October 2022; MEMO: Saudi Airlines has become the first in the Middle East and North Africa to invest in sustainable air transport, with plans to purchase 100 fully electric aircraft from Germany's Liliam.

The company signed a memorandum of understanding with Liliam, with the aim of developing and operating the proposed eVTOL system, an all-electric vertical take-off and landing system, throughout the kingdom.

RIYADH, Oct 26 (Reuters) - Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would continue.

Speaking at Riyadh's flagship investment conference FII, he said: "I think we'll probably see a peak of 4.5% 10-year rates."

"I think you are going to see inflation in the U.S. begin to come under control, it will probably be a two-year period," he added.

He said the U.S. and China must learn to co-exist. He added that the Middle East's economic issues need to be dealt with regionally.