Saudi Arabia

Saudi Arabia to invest about $266bn for clean energy – Minister

31 Jan 2023; MEMO: Saudi Arabia will invest up to one trillion riyals ($266.40 billion) to generate "cleaner energy", Saudi state TV reported on Monday, citing the Kingdom's Energy Minister, Reuters report.

According to the report, Minister Prince Abdulaziz bin Salman, said that the investments aim also to "add transport lines and distribution networks in order to eventually export the energy to the world and produce clean hydrogen".

Saudi Arabia condemns Israel raid in Jenin

26 Jan 2023; MEMO: Saudi Arabia, on Thursday, strongly condemned a raid by Israeli commandos on the Palestinian town of Jenin that killed seven people and injured two, state news agency, SPA, reported.

The Saudi Foreign Ministry said it denounced Israeli forces' "storming of the city" that led to "the fall of a number of victims".

Saudi Arabia will allow Israel tourists to visit Tiran and Sanafir islands

24 Jan 2023; MEMO: The Israeli economic website, Globes, reported that Saudi Arabia plans to make the islands of Tiran and Sanafir a tourist destination, including hotels and casinos, which Israelis can visit.

The site quoted informed sources as saying that Saudi Arabia will allow the Israelis to spend their holidays in Tiran and Sanafir and plans to build a bridge linking the two islands with Egypt.

Saudi Arabia $20bn takeover bid for Formula One rejected

24 Jan 2023; MEMO: A twenty-billion-dollar takeover bid (£16bn) by Saudi Arabia to buy Formula One was rejected by the sport's current owners, Liberty Media. The American firm had bought F1 in 2017 for less than a quarter of the amount Saudi Arabia was willing to pay, £3.3 billion pounds ($4.1bn). Nevertheless, talks between the wealthy Gulf State and Liberty Media are said to have broken down.

Saudi Arabia: 'No normalisation with Israel without Palestine state'

21 Jan 2023; MEMO: Saudi Foreign Minister Prince Faisal Bin Farhan Al-Saud announced on Thursday that there would be no normalisation of ties with Israel without a Palestinian state, news agencies reported.

"We have said consistently that we believe normalisation with Israel is something that is very much in the interest of the region," he told Bloomberg TV during an interview held on the sidelines of the World Economic Forum in Davos.

Saudi Sovereign Wealth Fund offers Musk $60bn to make Tesla a private company

18 Jan 2023; MEMO: Court documents showed that Tesla's billionaire CEO, Elon Musk, had met with the Governor of the Saudi Sovereign Wealth Fund, known as the Public Investment Fund (PIF), Yasir Al-Rumayyan, on several occasions, and that Al-Rumayyan had urged Musk to turn Tesla into a private company.

Saudi Arabia resumes back-channel talks with Houthis to extend ceasefire in Yemen

Saudi Arabia and the Houthis in Yemen have resumed "back-channel talks" with the aim of extending the ceasefire in Yemen and reviving negotiations to end the war, Associated Press has reported. The agency quoted a UN official as saying that if the two sides negotiate in good faith, and if other parties are included in the dialogue, it is an opportunity to end the war.

After Ronaldo move, 2 Saudi clubs are looking to sign Messi

15 Jan 2023; MEMO: Following the record-breaking contract signed last month between Saudi football club Al-Nassr and former Manchester United star Cristiano Ronaldo, two other Saudi teams have reportedly expressed interest in signing Argentinian World Cup winner, Lionel Messi after his father and agent, Jorge, was said

Labour ministry exploring opportunities for Kenyan health workers in Saudi Arabia

RIYADH (Saudi Arabia), Jan 14 (NNN-KBC) — The government of Saudi Arabia might open up more job opportunities for Kenyan nurses, doctors and allied health professionals.

The matter shaped deliberations between a Kenyan delegation led by Labour Cabinet Secretary Florence Bore, and officials from Saudi Ministry of Health in Riyadh this week.

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