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BEIJING, Nov 20 (Reuters) - Arab and Muslim ministers called on Monday for an immediate ceasefire in Gaza, as their delegation visited Beijing on the first leg of a tour to push for an end to hostilities and to allow humanitarian aid into the devastated Palestinian enclave. Saudi Arabia has sought to press the United States and Israel for an end to hostilities in Gaza, and Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, gathered Arab and Muslim leaders to reinforce that message. Gaza's Hamas-run government said at least 13,000 Palestinians have been killed in Israeli bombardments since then, including at least 5,500 children. 'BROTHER AND FRIEND'China's Wang said Beijing was a "good friend and brother of Arab and Muslim countries," adding it has "always firmly supported the just cause of the Palestinian people to restore their legitimate national rights and interests." Reporting by Yew Lun Tian, Laurie Chen and Beijing newsroom; Editing by Edmund Klamann & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
Persons: Wang Yi, Prince Faisal bin Farhan Al Saud, Israel, Prince Mohammed bin Salman, Sameh Shoukry, Beijing Irit Ben, Abba, China's Wang, COVID lockdowns, Xi, Wang, Zhai Jun, Yew Lun Tian, Laurie Chen, Edmund Klamann, Simon Cameron, Moore Organizations: . Security, of Islamic Cooperation, Saudi Foreign, Court, Hamas, Western, Palestinian Authority, West Bank, Arab League, EU, Palestine, United Nations, Thomson Locations: BEIJING, Gaza, Beijing, Saudi Arabia, Jordan, Egypt, Indonesia, Palestine, Riyadh, Palestinian, United States, Israel, China, China's
The leaders of Iran and Saudi Arabia, regional rivals who restored diplomatic ties this year, met in Riyadh on Saturday at a summit where they called for an immediate cease-fire in Gaza and unconditional delivery of humanitarian aid to the enclave, which Israeli forces have besieged since the Oct. 7 Hamas attacks. But it was unclear whether the shift would lead to a lasting détente between Saudi Arabia’s Sunni monarchy and Iran’s Shiite government. Israel’s bombardment of Gaza, however, appears to have hastened the warming of ties between Saudi Arabia and Iran, just as delicate diplomacy had been inching Saudi Arabia and Israel toward possible normalization of relations. Iran, which Israel considers its most dangerous foe, is a powerful patron of Hamas. President Ebrahim Raisi of Iran, whose visit to Saudi Arabia was the first by an Iranian president to the kingdom in more than a decade, was greeted at the summit venue by Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman.
Persons: Ebrahim Raisi, Prince Mohammed bin Salman, Raisi Organizations: Mr, Hamas Locations: Iran, Saudi Arabia, Riyadh, Gaza, China, Saudi, Israel
CNN —Iranian President Ebrahim Raisi is in the Saudi capital Riyadh for a major summit on the Israel-Hamas war, where Arab leaders pressed for an end to the conflict. It marks the first trip by an Iranian leader to Saudi Arabia in 11 years after the two countries restored diplomatic relations in March. He shook hands with Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS), the heir to the Saudi throne and the country’s de facto ruler. A significant number of Arab leaders are attending the emergency gathering Saturday, titled the Joint Arab Islamic Extraordinary Summit. The summit is being hosted by Saudi Arabia in response to the “unprecedented circumstances in Gaza,” according to a statement released by the Saudi Ministry of Foreign Affairs.
Persons: Ebrahim Raisi, Saudi Arabia’s Crown Prince Mohammed bin Salman, Raisi, , we’ve, , Mahmoud Abbas, Hassan Nasrallah, Israel’s, Bashar al, Assad Organizations: CNN, Saudi Arabia’s Crown, Palestinian, , Hamas, Arab, Saudi Ministry of Foreign Affairs, Arab League Locations: Saudi, Riyadh, Israel, Saudi Arabia, , Al, Aqsa, , Gaza, United States, Washington, Palestine, Iran
Turkey's President Tayyip Erdogan arrives to attend Organisation of Islamic Cooperation (OIC) summit in Riyadh, Saudi Arabia, November, 11, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsANKARA, Nov 11 (Reuters) - Turkey's President Tayyip Erdogan said on Saturday that an international peace conference should be convened to find a permanent solution to the conflict between Israel and the Palestinians. Erdogan was addressing a joint Islamic-Arab summit in Saudi Arabia's capital Riyadh, where leaders gathered to urge Israel to end hostilities in Gaza. A permanent solution to the conflict between Israel and Palestinians depends on the formation of a Palestinian state based on 1967 borders, Erdogan said. "We believe that an international peace conference will provide the most suitable basis for this.
Persons: Tayyip Erdogan, Erdogan, Saudi Arabia's Crown Prince Mohammed bin Salman, Abdel Fattah al, Sisi, Israel, Amihay Eliyahu's, Benjamin Netanyahu, Eliyahu, Huseyin Hayatsever, Kirsten Donovan, Christina Fincher Organizations: Islamic Cooperation, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Saudi Arabia's Crown, Israel's, International Atomic Energy Agency, Federation of American, Thomson Locations: Riyadh, Saudi Arabia, Rights ANKARA, Israel, Saudi Arabia's, Gaza, Turkey, United States, Britain, Palestinian
Saudi crown prince calls for end of war in Gaza
  + stars: | 2023-11-10 | by ( ) www.reuters.com   time to read: 1 min
Saudi Arabia's Crown Prince Mohammed bin Salman attends the Arab League summit, in Jeddah, Saudi Arabia, May 19, 2023. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS/File photo Acquire Licensing RightsRIYADH, Nov 10 (Reuters) - Saudi Arabia's crown prince called on Friday for an end to the war in Gaza. "We condemn what the Gaza Strip is facing from military assault, targeting of civilians, the violations of international law by the Israeli occupation authorities," Crown Prince Mohammed Bin Salman said during an African-Saudi summit held in the kingdom's capital, Riyadh"We stress on the need to stop this war and the forced displacement of Palestinians." Reporting by Aziz El Yaakoubi; Writing by Nayera Abdallahl; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.
Persons: Crown Prince Mohammed bin Salman, Mohammed Bin Salman, Aziz El Yaakoubi, Nayera Abdallahl, Alison Williams Organizations: Saudi, Crown, League, Saudi Royal Court, REUTERS, Rights, Thomson Locations: Jeddah, Saudi Arabia, Bandar, Rights RIYADH, Saudi, Gaza, African, Riyadh
REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Nov 10 (Reuters) - Nigeria and Saudi Arabia on Friday agreed to a series of investment and cooperation deals, including a pledge by the Saudi government to invest in the revamp of Nigeria's oil refineries and provide financial support to sustain the government's foreign-exchange reforms. Under Tinubu, Nigeria has embarked on the boldest reforms in decades, scrapping a popular petrol subsidy and unifying the country's multiple exchange rates as part of measures "aimed at improving the ease of doing business." Information Minister Mohammed Idris said the Saudi government pledged to make "a substantial deposit of foreign exchange to boost Nigeria's forex liquidity". "Nigeria and Saudi Arabia have always enjoyed a special relationship at both the bilateral and multilateral levels. The two leaders agreed to work together over the next six months to "develop a comprehensive road map and blueprint" to deliver on the investments, Idris said.
Persons: Bola Tinubu, Temilade, Saudi Crown Prince Mohammed bin Salman, Mohammed Idris, Idris, Tinubu, Ajuri Ngelale, Boko, Felix Onuah, Elisha Bala, Emelia Sithole, Matthew Lewis, David Evans Organizations: REUTERS, Rights, Saudi Crown, Saudi Aramco, Thomson Locations: Abuja, Nigeria, Rights ABUJA, Saudi Arabia, Saudi, Africa, Riyadh, Tinubu, Africa's
Saudi Minister of Finance Mohammed al-Jadaan gestures during an interview with Reuters at the Ministry of Finance in Riyadh, Saudi Arabia, December 12, 2021. REUTERS/Ahmed Yosri/File Photo/File Photo Acquire Licensing RightsRIYADH, Nov 9 (Reuters) - The Saudi Fund for Development will sign agreements worth 2 billion riyals ($533 million) with African countries, Saudi Finance Minister Mohammed Al-Jadaan said on Thursday during the Saudi-Arab-African Economic Conference in Riyadh. Saudi Investment Minister Khalid Al-Falih later said at the same conference the kingdom's over $700 billion wealth fund, the Public Investment Fund, will make some "game changing" investments in Africa. Saudi Energy Minister Prince Abdulaziz bin Salman, also at the conference, signed preliminary agreements with African countries including Nigeria, Senegal, Chad and Ethiopia on energy-related cooperation. ($1 = 3.7511 riyals)Reporting by Aziz El Yaakoubi; writing by Clauda Tanios and Yousef Saba; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Mohammed, Ahmed Yosri, Mohammed Al, Jadaan, Khalid Al, Falih, Prince Abdulaziz bin Salman, Aziz El Yaakoubi, Clauda Tanios, Yousef Saba, Jason Neely Organizations: Reuters, Ministry of Finance, REUTERS, Rights, Saudi Fund, Development, Saudi Finance, African Economic Conference, Saudi Investment, Public Investment Fund, Saudi Energy, Thomson Locations: Saudi, Riyadh, Saudi Arabia, Rights RIYADH, Ghana, Africa, Nigeria, Senegal, Chad, Ethiopia
Net profit fell to $32.6 billion for the quarter to Sept. 30, above the $31.8 billion expected by 12 analysts in a company-provided forecast. The Saudi oil producer said lower oil prices and volumes were partially offset by a reduction in production royalties, which are linked to Brent prices. Chevron (CVX.N) and Exxon Mobil (XOM.N) last month reported sharp year-on-year falls in third-quarter profit as energy prices cooled. Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Back in 2021, Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, said that Saudi Aramco would sell more shares, with the proceeds going to bolster the PIF, the Vision 2030's main funding source.
Persons: Brent, Aramco's, Dado Ruvic, Prince Mohammed bin Salman, Hadeel Al Sayegh, Yousef Saba, Miral Fahmy, Jason Neely, Tomasz Janowski Organizations: DUBAI, Saudi Aramco, Chevron, Exxon Mobil, Reuters Graphics, OPEC, Aramco, REUTERS, Investment Fund, Energy, RBC, Riyadh bourse, Wall Street, Thomson Locations: Saudi, Reuters Graphics Saudi Arabia, Saudi Arabia, Aramco, Riyadh
Fenway Sports Group Chairman Tom Werner on Monday acknowledged that the company has held talks with the PGA Tour as the golf organization's framework agreement with Saudi-backed LIV Golf faces new doubts. Werner, who spoke alongside PGA Tour star Rory McIlroy, said that the players "will decide the direction the tour goes." McIlroy had been outspoken in his disdain for LIV Golf, saying in July that if LIV Golf was "the last place to play golf on earth, I would retire." LIV lured PGA Tour players, like Phil Mickelson, to with deals worth hundreds of millions of dollars. McIlroy sounded a friendlier note Monday, when asked about the potential for a renewed rivalry between the PGA Tour and LIV Golf.
Persons: Tom Werner, LIV Golf, we've, Werner, CNBC's Scott Wapner, Rory McIlroy, LIV, Alan Shipnuck, McIlroy, Critics, Prince Muhammad bin Salman, Tiger Woods, LIV Golf's, Phil Mickelson, McIlroy's Organizations: Fenway Sports, PGA Tour, PGA, Boston Red Sox, Liverpool FC, Veteran, Endeavour Group Holdings, WWE, UFC, Saudi Arabia's Public Investment Fund, Saudi, Tiger, Tour, ESPN, TGL, Fenway, Boston, CNBC Locations: Saudi, U.S
New business expanded faster with the new orders subindex surging to 66.1 in October, also a four-month high, from 64.2 the previous month. The growth in output and new business was spread across most sectors, including manufacturing and construction, the survey showed. Growth in output remained high although the subindex eased to 60.1, weaker than the long run trend. The employment subindex rose to a nine-year high of 54.5 in October from 52.0 in September. The government estimates non-oil economic growth in 2023 of around 6%, significantly outperforming overall GDP growth.
Persons: Naif Al, Ghaith, Prince Mohammed bin Salman, Rachna Uppal, Hugh Lawson Organizations: Bank Saudi, Riyad Bank, Thomson Locations: DUBAI, Saudi Arabia, Bank Saudi Arabia, Saudi
Nov 3 (Reuters) - Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), the world's richest cricket league, Bloomberg News reported on Friday, citing people familiar with the matter. Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion, the report said. The Board of Control for Cricket in India (BCCI), the custodian of the IPL, did not immediately respond to Reuters' request for a comment. IPL is one of the richest leagues in the world and has been attracting top players and coaches to India since its inaugural edition in 2008. Reporting by Nilutpal Timsina in Bengaluru; Editing by Shinjini Ganguli and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Persons: Saudi Arabian Crown Prince Mohammed bin, Nilutpal, Shinjini Ganguli, Shilpi Majumdar Organizations: Indian Premier League, Bloomberg, Saudi Arabian Crown, IPL, Control, Cricket, BCCI, Reuters, Thomson Locations: Saudi Arabia, Saudi, India, Bengaluru
GENEVA (AP) — The near certainty that Saudi Arabia will host the 2034 men's World Cup unites two of the most influential men in world sports: the leader of soccer's governing body and the kingdom's crown prince. In the case of Saudi Arabia, U.S.-based journalist Jamal Khashoggi was slain inside the Saudi Consulate in Istanbul in 2018. The men’s World Cup should earn Switzerland-based FIFA more than $10 billion in almost entirely tax-free revenue. “Mohammed bin Salman wants Saudi Arabia to be a hub of anything and everything,” Middle East expert James Dorsey said. Then came the COVID-19 pandemic and FIFA canceled the planned June 2021 relaunch in China of its Club World Cup event.
Persons: Gianni Infantino, Prince Mohammed bin Salman, sportswashing, Jamal Khashoggi, Prince Mohammed, Infantino, King Salman, Prince Mohammed's, “ Abraham, , Donald Trump, ” Infantino, Mohammed's, Cristiano Ronaldo, “ Mohammed bin Salman, James Dorsey, Greece —, , Australia –, they’ve, James Johnson, , Yasser Al Misehal –, Organizations: GENEVA, FIFA, Australia, Qatar, White House, “ Abraham Accords, United Arab, Soccer, Newcastle, Russia, Saudi, ” Football Australia, ” FIFA, FIFA Council, Fox News Locations: Saudi Arabia, Persian, Saudi, U.S, Istanbul, Riyadh, Switzerland, Gulf, Israel, United Arab Emirates, Bahrain, Europe, Swiss, China, Qatar, United States, Canada, Mexico, Egypt, Greece, Africa, South America, Asia, Oceania, Saudi Arabian, Australia
“Threats to exterminate the Jews are the result of the work of Russian state propaganda, which for decades cultivated feelings of hatred towards other peoples among Russians,” he noted. Kadyrov has also provided footsoldiers for Russia’s war in Ukraine. The Gaza war adds one more match to the fire. Additionally, Russia’s war in Ukraine has impacted Dagestan heavily, with significant casualties. But an anti-Jewish riot in the southern region of Dagestan shows how quickly that model can backfire, particularly for those trapped inside the echo of Russian state propaganda.
Persons: Vladimir Putin, , Matthew Miller, Israel, , Putin, ” Putin, , Bashar al, Assad, Prince Mohammed bin Salman, Benjamin Netanyahu, Strategic Communications John Kirby, “ we’ve, ” Kirby, Volodymyr Zelensky, Oleh Nikolenko, Ramzan Kadyrov, – Kadyrov, Kadyrov, Harold Chambers, Riddle, Yevgenia Albats Organizations: CNN, multiconfessional, Ukraine –, Kremlin, Red Wings Airlines, Tel Aviv –, Jewish, Authorities, Ministry of Foreign Affairs, Hamas, Israel’s Ministry of Foreign Affairs, Sunday, Saudi, Israeli, National Security, Strategic Communications, ” Observers, Criminal Court, ICC, Russian National Guard, AFP, Getty, Ukrainian Foreign Ministry, Global Locations: Russia, Dagestan, Makhachkala Uytash, Ukraine, Gaza, Tel Aviv, , Russian, Makhachkala, Palestine, Beijing, China, Israel, Jerusalem, Moscow, Iran, United States, Chechnya, Chechen, Russia’s, Kremlin, East
Saudi Arabia looks set to be the host of the 2034 World Cup after the only other country to have shown an interest in hosting — Australia — made a last-minute decision not to bid. Some fans were also frustrated at the location, as the World Cup took place in the winter due to the Gulf region's soaring summer temperatures. The 2030 FIFA World Cup, meanwhile, will be hosted by Morocco, Spain and Portugal, with the three opening matches to be played in South America. Saudi Arabia is criticized for its well-documented human rights violations, abuses of women's rights and criminalization of homosexuality. Amnesty International reported that Saudi Arabia in 2022 oversaw the highest number of yearly executions in 30 years, with 196 people killed.
Persons: Australia —, Prince Mohammed bin Salman Organizations: Australia, Football Australia, Amnesty International, Saudi Locations: Saudi Arabia, Qatar, Morocco, Spain, Portugal, South America, Saudi
GENEVA (AP) — Saudi Arabia is all but certain to host the men's 2034 World Cup after the Australian soccer federation declined to enter the bidding contest. “We have explored the opportunity to bid to host the FIFA World Cup and — having taken all factors into consideration — we have reached the conclusion not to do so for the 2034 competition,” Football Australia said in a statement. Indonesia’s football association initially showed interest in a joint bid with Australia, potentially alongside Malaysia and Singapore, but that faded when Indonesia instead backed Saudi Arabia. Australia and New Zealand successfully co-hosted the Women's World Cup in July and August. Saudi Arabia also will host the men's Asian Cup in 2027 and has started a widespread construction program to build and renovate stadiums that likely also will be used for the World Cup.
Persons: , LIV, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, Gianni Infantino, Australia —, Minky Worden, ” Worden, ___ Organizations: GENEVA, FIFA, ” Football Australia, Newcastle, Saudi Crown, South America — FIFA, Asian Football Confederation, AFC, Qatar, soccer, Australia, New Zealand, Saudi, Rights Locations: Saudi Arabia, Australian, Saudi, Spain, Portugal, Morocco, South, Asia, Oceania, Australia, Qatar, Malaysia, Singapore, Indonesia, New, Brisbane, Queensland
FIFA’s move to speed up the bidding for 2034 surprised many, coming 11 years before the scheduled start of the tournament and a full three years before the 2034 host was supposed to be decided. FIFA also said only bidders from Asia and Oceania, two of soccer’s six regional confederations, could be considered for selection. Saudi Arabia, which had for years been public about its desire to host the World Cup, moved fast to secure the tournament after FIFA set the rules this month. In the face of that support, Australian officials concluded they would have been overmatched if they challenged Saudi Arabia to secure the votes of the majority of FIFA’s 211 federations. Saudi Arabia has signed agreements in the past year with scores of FIFA’s member nations, committing millions of dollars to projects across Asia and lavishing attention on Africa, where it signed an agreement with the regional governing body and sponsored a new tournament.
Persons: Prince Mohammed bin Salman, Sheikh Salman bin Ibrahim al Khalifa Organizations: FIFA, Saudi Locations: Asia, Oceania, Saudi Arabia, Bahrain, Australia, Africa, Tashkent, Uzbekistan, Saudi Arabian
CNN —Saudi Arabia is set to host the 2034 men’s FIFA World Cup after Australia withdrew its interest in hosting the global showpiece just hours before the bid deadline on Tuesday. Instead the Australia football federation has opted to proceed with their bids for the Women’s Asian Cup in 2026 and the FIFA Club World Cup in 2029. In a press release sent out on Tuesday, FIFA confirmed that Saudi Arabia was the only bidder for the 2034 tournament. In 2022, Oleksandr Usyk beat Anthony Joshua at the King Abdullah Sports City Arena in Jeddah, Saudi Arabia in a heavyweight title clash. To host the World Cup would be viewed as a major coup for Saudi Arabia, which has been frequently been criticized of sportswashing.
Persons: , Oleksandr Usyk, Anthony Joshua, Andrew Couldridge, Prince Mohammed bin Salman, Luca Bruno, , Steve Cockburn Organizations: CNN, FIFA, Australia, ” Football Australia, FIFA Club, FIFA Council, ” FIFA, King Abdullah Sports City Arena, Formula One, Saudi Pro League, sportswashing, MBS, Fox News, Sports & Rights Alliance, Getty, Economic, Social, “ FIFA, Rights, Saudi Arabia Football Federation Locations: Saudi Arabia, Asia, Oceania, Spain, Portugal, Morocco, Uruguay, Paraguay, Argentina, Jeddah, Saudi Arabian, Saudi
As Israel’s assault on Gaza unfolds, global pressure is mounting for a pause in the fighting, including Monday at the United Nations. Instead, they describe occasionally difficult behind-the-scenes conversations about the importance of humanitarian aid and protecting civilian lives. “We have conversations, like friends do, on the hard questions … on issues associated with humanitarian aid,” US national security adviser Jake Sullivan said Sunday on CBS. Saudi Arabia has cautioned against a broad-scale Israeli invasion of Gaza, in part due to the potential of a spiraling regional war. The blackout – which left civilians, aid groups and journalists without any means of communicating with the outside world – came amid heavy Israeli bombardment of the enclave.
Persons: Washington CNN —, Joe Biden’s, Benjamin Netanyahu, , Jake Sullivan, Sullivan, Khalid bin Salman, Israel, United States Michael Herzog, ” Herzog, CNN’s Wolf Blitzer, Herzog, John Kirby, CNN’s Poppy Harlow, Harlow, Kirby, , Ibraheem Abu Mustafa, , ” Sullivan, Biden, ” Kirby, Vladimir Putin Organizations: Washington CNN, CNN, United Nations, Israel, CBS, Saudi Arabia’s Defense, White, National Security, Reuters CNN, US, Service, MSNBC, Hamas Locations: Israel, Gaza, , United States, Iran, Washington, Saudi Arabia, Egypt, Rafah, Ukraine
Saudi's new Defence Minister, Prince Khalid bin Salman chairs his first meeting with military officials in the Ministry of Defence in Riyadh, Saudi Arabia, September 28, 2022. Saudi Press Agency/Handout via REUTERS/File photo Acquire Licensing RightsWASHINGTON, Oct 28 (Reuters) - Saudi Arabian Defense Minister Prince Khalid bin Salman is expected to visit Washington on Monday for meetings with senior Biden administration officials, Axios reported on Saturday, citing three sources with knowledge of the trip. Khalid bin Salman is expected to meet with White House national security adviser Jake Sullivan, Secretary of Defense Lloyd Austin, Secretary of State Antony Blinken and several senators, according to the Axios report. The White House National Security Council told Reuters it had nothing to confirm when asked about the possible visit. U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on a call on Tuesday discussed efforts to prevent the Israel-Hamas conflict widening.
Persons: Prince Khalid bin Salman, Axios, Khalid bin Salman, Jake Sullivan, Defense Lloyd Austin, Antony Blinken, Joe Biden, Mohamed bin Salman, Biden, Michael Martina, Daniel Wallis Organizations: Defence Minister, Ministry of Defence, Saudi Press Agency, Handout, REUTERS, Rights, Saudi Arabian Defense, Washington, Biden, Saturday, Hamas, White House, Defense, White House National Security Council, Reuters, Saudi Arabian, Palestinian, Thomson Locations: Riyadh, Saudi Arabia, Israel, Gaza
The Saudi National Bank headquarters and other buildings in Riyadh. Bloomberg | Bloomberg | Getty ImagesRIYADH — Saudi Arabia is holding on to its ultimatum that foreign companies will need to base their regional headquarters in the kingdom or be barred from lucrative government contracts. In a bold surprise move back in February 2021, the Saudi government announced that it would, by 2024, cease doing business with any international companies whose regional headquarters were not based within the country. The news stunned investors and expat workers, many of whom saw the move as a shot at Dubai, the United Arab Emirates commercial capital that is home to the highest concentration of Middle East regional headquarters. Faisal Al Ibrahim, Saudi minister of economy and planning, told CNBC that the plan is still going ahead and discussed how the kingdom aims to support foreign companies with the change.
Persons: Faisal Al Ibrahim, CNBC's Dan Murphy, Al Ibrahim, that's, Prince Mohammed bin Salman, Saudi Arabia — Organizations: Saudi National Bank, Riyadh . Bloomberg, Bloomberg, Getty, United Arab Emirates, East, CNBC, Future Investment Initiative, Saudi Arabia's Public Investment Fund Locations: Riyadh ., RIYADH, Saudi Arabia, Saudi, Dubai, Riyadh
For the international bankers, executives and officials who had gathered in the Saudi capital, Riyadh, to make deals, the war raging in Gaza and Israel felt like a distant backdrop. Instead, when speakers took the stage, they praised Prince Mohammed bin Salman’s plan to remake Saudi Arabia and focused on the future: artificial intelligence, longevity science, renewable energy. Israel has laid siege to the Gaza Strip and unleashed a fierce bombardment. That has prompted protests across the region, reinvigorating vocal Arab support for the Palestinian cause — including among many Saudi citizens. Yet Saudi officials have made it clear that they are determined to prevent all of that from casting a pall over Prince Mohammed’s plans for the kingdom, which include reshaping the economy to reduce dependence on oil and turning the country into a global hub for business and tourism.
Persons: , Prince Mohammed bin Salman’s, , Yasir al, Prince Mohammed’s Organizations: Future Investment, Hamas, Gaza, Saudi Locations: Saudi, Riyadh, Gaza, Israel, Saudi Arabia, East
CBS Archive/Getty Images Woods, 6, sizes up a putt in Los Alamitos, California, in 1982. Getty Images/Getty Images Woods hits a tee shot during the 1995 Walker Cup, an international team event. Alexander Hassenstein/Bongarts/Getty Images Woods plays a shot from the ninth fairway during the 2000 US Open in Pebble Beach, California. David Cannon/Getty Images Woods falls to the ground in pain after hitting a shot at The Barclays in August 2013. Jamie Squire/Getty Images Woods and his son, Charlie, warm up before the final round of the PNC Championship in December 2020.
Persons: Woods, Alan Shipnuck, LIV, ” Shipnuck, ” Bryson DeChambeau, Paul Casey, Crushers, Charles Howell III, Anirban Lahiri, Chris Trotman, “ Tiger’s, “ He’s, he’s, , “ LIV, Greg Norman, Quentin Tarantino, Brooks Koepka, Koepka, David J, Phillip, Mike Douglas, Bob Hope, Jack D, Miller, AP Woods, Rick Dole, Bob Galbraith, David Cannon, Robert Beck, Patrick Murphy, Nike — Woods, Lennox McLendon, Stephen Munday, Earl, Dave Martin, Alexander Hassenstein, Jonathan Ferrey, He's, Andy Lyons, Allsport, Bob May, Fred Vuich, Jack Nicklaus, Nicklaus, Logan Mock, Bunting, Phil Mickelson, Mickelson, Matthew Stockman, Steve Williams, Harry, Williams, Sam, Damian Dovarganes, Rocco, Gary A, Vasquez, Barack Obama, Pete Souza, Stuart Franklin, Elin, Charlie, Ezra Shaw, Eric Gay, Jimmy Fallon, Lloyd Bishop, Arnold Palmer, Chris Condon, Jason Dufner, Lindsey Vonn, Marco Trovati, Lannis, John Amis, Donald Trump, Getty Images Woods, Warren Little, Jamie Squire, Ben Jared, Wally Skalij, Shutterstock Woods, Tiger, Sam Greenwood, Cliff Hawkins, Jonathan Ernst, they’re, Shipnuck, ‘ I’m, Justin Thomas, I’m, , they’ve, what’s, Rory McIlroy, Rory, “ Rory, Bryson DeChambeau, , he’d, DeChambeau, “ Patrick Reed, Sergio García, “ Phil Mickelson, HyFlyers, Suhaimi Abdullah, Jay Monahan, Yasir Al, Rumayyan, Phil Mickelson’s, Jamal Khashoggi, Prince Mohammed bin Salman, Prince, Mohammad Bin Salman, Reed, Garcia Organizations: CNN, CNN Sport, PGA Tour, LIV, Miami, PGA, Saudi, Public Investment Fund, CBS, AP, Tiger, US Junior Amateur, Getty, Los Angeles, Tour, Stanford University, NCAA, Nike —, Las Vegas, Green, Army, Tiger Woods Foundation, Ford, British, Woods Learning, USA, Office, Stanford, NBCU, Bank, Bay, Invitational, Barclays, Trump, Getty Images, PNC, Law, Los Angeles Times, PNC Championship, Hall of Fame, Reuters, HyFlyers GC, Sentosa Golf, European, MBS, Fox News, ” CNN Locations: Los Angeles, Saudi, Delaware, Tiger’s, Los Alamitos , California, Vietnamese, Vietnam, Orange, United States, France, Hamburg, Germany, Pebble Beach , California, St . Andrews, Scotland, Louisville , Kentucky, Fort Bragg , North Carolina, Hoylake, England, Anaheim , California, Woods, Dublin , Ohio, Beaver Creek , Colorado, Atlanta, Rancho Palos Verdes , California, Pacific Palisades , California, Singapore, London, McIroy
Saudi Crown Prince Mohammed bin Salman receives U.S. President Joe Biden at Al Salman Palace upon his arrival in Jeddah, Saudi Arabia, July 15, 2022. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 24 (Reuters) - U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on Tuesday discussed efforts to prevent the Israel-Hamas conflict from widening, the White House said. Biden and the Saudi crown prince welcomed the delivery of humanitarian assistance from Egypt into Gaza and recognized that "much more is needed for civilians" to have sustained access to food, water and medical assistance, according to the White House. They both welcomed ongoing efforts to secure the release of hostages held by Hamas and called for their immediate release, the White House added. Biden and U.S. Secretary of State Antony Blinken have said they thought Hamas' Oct. 7 assault on Israel that left over 1,400 people dead was in part motivated to disrupt a potential normalization of ties between Israel and Saudi Arabia.
Persons: Prince Mohammed bin Salman, Joe Biden, Mohamed bin Salman, Biden, Antony Blinken, Donald Trump, John Kirby, Kanishka Singh, Ismail Shakil, Chris Reese, Chizu Nomiyama, Cynthia Osterman Organizations: Al, Saudi Royal Court, REUTERS, Rights, Saudi Arabian, White, Hamas, U.S, United, White House, Thomson Locations: Saudi, Jeddah, Saudi Arabia, Bandar, Israel, Egypt, Gaza, United States, United Arab Emirates, Bahrain, Riyadh, Gulf
Dubbed “Davos in the Desert,” the annual Future Investment Initiative (FII) will welcome about 6,000 participants from more than 90 countries over the next three days. Since the Hamas assault on October 7, Israel has widened its offensive against the Palestinian militant group and other regional enemies. Saudi Arabia’s crown prince Mohammad bin Salman, denied any personal involvement in Khashoggi’s murder but later confirmed it was carried out by Saudi officials. Bin Salman chairs the Public Investment Fund. “Very few people” had canceled plans to attend the conference, according to Richard Attias, the CEO of the FII Institute, the event’s organizer.
Persons: Jamie Dimon, Citigroup’s Jane Fraser, Defense Lloyd Austin, Larry Fink, Goldman Sachs, David Solomon, Noel Quinn, Ray Dalio, Stephen Schwarzman, Harvey Schwartz, Blackstone, Carlyle, “ We’re, it’s, , Fraser, Fink, , Karen E, WeWork, Slack, Jamal Khashoggi, Saudi Arabia’s, Mohammad bin Salman, Bin Salman, bin Salman, Masayoshi, Richard Attias, Young, — Winston Lo, Michelle Toh Organizations: London CNN, , Future Investment Initiative, Defense, Palestinian, Israel Defense Forces, West Bank, HSBC, Citigroup, Saudi, Public Investment Fund, Columbia University’s Center, Global Energy, CNN, Reliance Retail, Softbank’s Vision, Future Investment, FII Institute, Young of Columbia University Locations: Saudi Arabia, Israel, “ Davos, Gaza, Lebanon, Riyadh, Ukraine, Europe, United States, Washington, Russia, Saudi, Istanbul, Kingdom, Hong Kong
Saudi mega-city NEOM sets up $10 bln JV with Denmark's DSV
  + stars: | 2023-10-24 | by ( ) www.reuters.com   time to read: +1 min
General view of NEOM in northwestern Saudi Arabia, January 11, 2021. REUTERS/Hamad I Mohammed/File photo Acquire Licensing RightsDUBAI, Oct 24 (Reuters) - Saudi Arabia's $500 billion flagship project NEOM on Tuesday set up a $10 billion joint venture (JV) with Denmark's DSV (DSV.CO), the world's third-largest freight forwarder, they said in a joint statement. "The partnership will focus on providing logistics services for NEOM in the coming years," the statement said, adding NEOM will hold 51% of the joint venture and DSV 49%. "The joint venture will provide end-to-end supply chain management, development and investments in transport and logistics assets and infrastructure as well as transport and delivery of goods and materials within NEOM," the companies said. The kingdom's sovereign wealth fund, the Public Investment Fund, is the cornerstone investor in NEOM, a 26,500-square-km (10,230-square-mile) high-tech development on the Red Sea.
Persons: Hamad I Mohammed, Saudi Arabia's Crown Prince Mohammed bin Salman, Yousef Saba, Jason Neely Organizations: REUTERS, Rights, Denmark's, Saudi Arabia's Crown, NEOM, Public Investment Fund, Thomson Locations: Saudi Arabia, Rights DUBAI, Saudi, NEOM
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