Saudi Arabia

15 September 2023; MEMO: Saudi Arabia invited Yemen’s Houthi delegation to Riyadh to continue ceasefire talks, Reuters reported the state news agency SPA saying yesterday.

The kingdom wanted to resume its and Oman’s efforts to “reach a permanent and comprehensive ceasefire in Yemen and a sustainable political solution acceptable to all Yemeni parties,” SPA said.

12 September 2023; MEMO: The Islamic Jihad Movement in Palestine has condemned the Saudi Arabian regime for allowing an Israeli delegation to participate in a UNESCO meeting in Riyadh.

RIYADH, Sept 11 (NNN-SPA) – Saudi Arabia announced on Saturday, the signing of a memorandum of understanding (MoU) with the United States, to establish intercontinental green transit corridors.

The MoU, signed on Friday, provides a framework for developing a protocol for establishing green transit corridors through the kingdom, to connect Asia and Europe.

This project aims to facilitate the transit of renewable electricity and clean hydrogen, via transmission cables and pipelines, as well as, constructing rail linkages, said the report.

RIYADH, Sept 9 (NNN-SPA) – The Saudi Heritage Commission, announced yesterday, the discovery of cultural relics and monuments in an ancient mining site, in the south-western al-Bahah region.

The discoveries were made during the 2023 excavation season in al-Ma’malah, described by the commission as “one of the most important old mining sites in Saudi Arabia,” without detailing the era to which the site belongs.

07 September 2023; MEMO: Saudi Arabia will extend its voluntary oil production cut of one million barrels per day (bpd) until the end of the year, the kingdom’s energy ministry announced yesterday.

The ministry said in a statement that oil production from October to December will be approximately nine million (bpd).

RIYADH, Sept 7 (NNN-SPA) – The Saudi Public Investment Fund (PIF), has completed the sale of its 10.92-percent stake in the National Gas and Industrialisation Company, for 491.19 million Saudi riyals (around 131 million U.S. dollars), it was reported yesterday.

The shares were sold on Tuesday, through a private sale transaction to Jadwa Investment Company, which acted as a manager and bought the stake for “its managed investment funds and its clients’ portfolios,” local news website, Arabian Business, reported.

04 September 2023; MEMO: The Shanghai Stock exchange said it signed Memorandum of Understanding (MOU) with the Saudi Exchange in Riyadh on Sunday, to lay the foundation for future cooperation, Reuters reports.

Both exchanges will explore cooperation opportunities in cross-listings, fintech, ESG (Environmental, Social and Governance) and research, the Shanghai Exchange said in a statement on Monday.

04 September 2023; MEMO: Saudi Arabia and Italy have signed a Memorandum of Understanding (MoU) to boost economic relations and strategically important investments, in the latest development between the two countries.

Speaking to reporters at the Investment Forum between Italy and Saudi Arabia in Milan today, Italian Industry Minister, Adolfo Urso, was quoted by Reuters as stating that “Dialogue can help companies develop a technological and industrial partnership”.

05 September 2023; MEMO: An Israeli sports delegation arrived in Saudi Arabia yesterday to participate in the world weightlifting competition, Israeli media reported.

“For the first time, an Israeli delegation of weightlifters will be in Riyadh, Saudi Arabia, for the World Weightlifting Championships (WWC) which began on Sunday,” Israel24 said.

03 September 2023; MEMO: Saudi Arabia has launched its campaign to be the sole host of the FIFA 2034 World Cup having abandoned its joint bid to host the 2030 World Cup alongside Egypt and Greece.