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Yasir Al-Rumayyan speaking at the Economic Club in Washington on Monday alongside David Rubenstein. (X: @PIF_en)
PIF chief says Saudi transformation could outpace China’s, outlines ‘filtration’ investment process
By Anas AlyusufWASHINGTON — Governor of the Public Investment Fund said Saudi Arabia’s economic transformation “could be greater” than what China achieved in the 1980s, 1990s and early 2000s, as the sovereign investor leans on a “really good filtration process” to screen deals and widen its impact beyond financial returns.Speaking at the Economic Club in Washington on Monday, Yasir Al-Rumayyan said PIF’s average internal rate of return rose from less than 2% before 2015 to about 7.2% after a strategy reset that began when Prince Mohammed bin Salman became chairman of the board.Assets under management are “roughly” around $925 billion to $945 billion, he said, with a year-end target of $1.075 trillion and an objective of at least $2 trillion by 2030, with “a good...
September 09, 2025

PIF chief says Saudi transformation could outpace China’s, outlines ‘filtration’ investment process

CMA
CMA allows crowdfunding of debt instruments through institutions licensed for 'arranging' activities  
Saudi Gazette report RIYADH — The Capital Market Authority (CMA) board has approved the regulatory framework enabling capital market institutions licensed for "arranging" activities to offer debt instruments in the sukuk and debt market through securities crowdfunding platforms.The framework follows the experimental phase, which began in the second quarter of 2021, and it is now considered one of the activities that can be conducted under the license to practice securities business in arranging.The CMA also approved amendments to the Rules on the Offer of Securities and Continuing Obligations, the Rules for Special Purposes Entities, and the Capital Market Institutions Regulations, which will come into effect as of their publication date.The regulatory framework aims to...
September 08, 2025

CMA allows crowdfunding of debt instruments through institutions licensed for 'arranging' activities  

Mohammed Al-Qassim
Saudi student Al-Qassim’s murderer denies charges, claims "self-defense"
Saudi Gazette report LONDON — Chaz Corrigan, the main defendant in the murder of Saudi student Mohammed Al-Qassim, pleaded not guilty at the hearing session held at Cambridge Crown Court in the United Kingdom on Monday, claiming that he acted in "self-defense." Another defendant admitted to participating in the crime by assisting Corrigan in committing the crime.The judge ordered to keep the two main defendants in custody until the trial scheduled for February 2026, Al-Ekhbariya reported. The 21-year-old main defendant faces charges of premeditated murder and possession of a sharp weapon in a public place.The 20-year-old Al-Qassim was stabbed to death on Friday, Aug. 1 evening in a park south of Cambridge while he was on a 10-week study assignment in Cambridge. Al-Qassim, who...
September 08, 2025

Saudi student Al-Qassim’s murderer denies charges, claims "self-defense"

Russian FM calls Prince Faisal to discuss latest developments
Saudi Gazette reportRIYADH — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan received on Monday a phone call from Russian Minister of Foreign Affairs Sergey Lavrov.During the call, they reviewed bilateral relations between the two countries. The ministers discussed the latest developments and issues of common interest.
September 08, 2025

Russian FM calls Prince Faisal to discuss latest developments

The agreements were signed in the presence of Dr. Abdullah Al-Rabeeah, advisor at the Royal Court and supervisor general of KSrelief, and Raed Al-Saleh, Syrian minister of emergency and disaster management in a ceremony held in Damascus on Sunday.
KSrelief signs cooperation pacts to support Syria
Saudi Gazette report DAMASCUS — The King Salman Humanitarian Aid and Relief Center (KSrelief) has signed a number of agreements with the Syrian Ministry of Emergency and Disaster Management in Damascus on Sunday. The agreements were signed in the presence of Dr. Abdullah Al-Rabeeah, advisor at the Royal Court and supervisor general of KSrelief, and Raed Al-Saleh, Syrian minister of emergency and disaster management.From the part of KSrelief, the agreements were signed by the Assistant Supervisor General of the Center for Operations and Programs at KSrelief Eng. Ahmed Al-Baiz.The first agreement was inked for joint cooperation with the Syrian Ministry of Emergency and Disaster Management to remove and manage debris in the cities of Darayya and Douma within the Rural Damascus Governorate....
September 08, 2025

KSrelief signs cooperation pacts to support Syria

Rainfall forecasts for September, October, and November indicate above-average precipitation, with September expected to see heavy rainfall.
NCM: Increased rainfall expected in Saudi Arabia during this fall
Saudi Gazette report JEDDAH — Increased rainfall is expected in most regions of Saudi Arabia during this fall, ,according to the National Center for Meteorology (NCM).The NCM released a report on Monday outlining the key climate forecasts for the Kingdom’s autumn season, covering the period from September to November 2025. Rainfall forecasts for September, October, and November indicate above-average precipitation, with September expected to see heavy rainfall.Extremely heavy rainfall is anticipated in the regions of Jazan, central and western Asir, and western Najran. There is heavy rain forecast for Al-Baha, southern Makkah and its highlands, southern and western Madinah, and southern part of the Eastern Province. In November, above-average rainfall is expected in Jazan, southern and...
September 08, 2025

NCM: Increased rainfall expected in Saudi Arabia during this fall

The Regulation on Occupational Fitness and Non-Communicable Diseases Examinations aims to enable early detection of non-communicable diseases, enhance workers’ health in workplaces, reduce occupational diseases and injuries, and ensure the proper selection of candidates for sensitive professions.
Al-Rajhi launches Regulation on Occupational Fitness and Non-Communicable Diseases Examinations
Saudi Gazette report RIYADH — Minister of Human Resources and Social Development and Chairman of the National Council for Occupational Safety and Health Ahmed Al-Rajhi launched on Monday the Regulation on Occupational Fitness and Non-Communicable Diseases Examinations. The regulation aims to enable early detection of non-communicable diseases, enhance workers’ health in workplaces, reduce occupational diseases and injuries, and ensure the proper selection of candidates for sensitive professions. It also seeks to strengthen workplace prevention measures, improve the quality of life and public health for workers, and positively impact their safety, performance, and productivity.The regulation contributes to reducing occupational injuries, accidents, and diseases by reinforcing early...
September 08, 2025

Al-Rajhi launches Regulation on Occupational Fitness and Non-Communicable Diseases Examinations

King Abdullah Financial Center (KAFD).
Riyadh Chamber warns unlicensed foreign IT firms harming local companies
Saudi Gazette reportRIYADH — The Communications and Information Technology Committee at the Riyadh Chamber has warned that local IT companies are facing unfair competition from foreign firms operating in Saudi Arabia from abroad without commercial registrations, licenses, or headquarters.These companies offer low prices that give them an unlawful advantage and harm licensed businesses.The committee also cautioned about the security risks of dealing with such firms, including the potential for data leaks.Suleiman Al-Ajlan, chairman of the committee, said these companies do not bear the financial obligations that licensed firms — Saudi or foreign — must meet, such as taxes, zakat, government fees, and Saudization requirements.He noted that this has negatively impacted sales for local...
September 08, 2025

Riyadh Chamber warns unlicensed foreign IT firms harming local companies

The foreign ministers of the Arab-Islamic Committee on Gaza voiced their categorical rejection of Israeli statements regarding the displacement of the Palestinian people from their land occupied since 1967 under any pretext or name.
Islamic Committee on Gaza roundly rejects displacement of Palestinians under any pretext
Saudi Gazette report RIYADH — The foreign ministers of the Arab-Islamic Committee on Gaza voiced their categorical rejection of Israeli statements regarding the displacement of the Palestinian people from their land occupied since 1967 under any pretext or name. The ministers condemned Israeli policies and practices aimed at uprooting the Palestinian people from their land by expanding military operations in the Gaza Strip, imposing the blockade and starvation as tools of war, repeatedly targeting civilians and civilian infrastructure, and seeking to prolong and expand the conflict, posing a threat to regional and international peace and security. The ministers reiterated their condemnation of Israel's illegal actions in the West Bank, including settlement expansion, settler...
September 08, 2025

Islamic Committee on Gaza roundly rejects displacement of Palestinians under any pretext

Saudi Arabia's real GDP recorded a growth of 3.9 percent during the second quarter of 2025 compared to the same period in 2024.
Saudi Real GDP records growth of 3.9% in Q2 2025
Saudi Gazette report RIYADH — Saudi Arabia's real GDP recorded a growth of 3.9 percent during the second quarter of 2025 compared to the same period in 2024. This was revealed in the GDP and National Accounts bulletin for Q2 2025, published by the General Authority for Statistics (GASTAT) on Monday.The bulletin indicates that all major economic activities experienced annual growth. Non-oil activities increased by 4.6 percent, and it was followed by oil activities by 3.8 percent increase, and government activities by 0.6 percent increase. Non-oil activities have contributed 2.6 percentage points (PP) to overall growth, while oil activities and net taxes on products added 0.9 and 0.3 PP respectively.Seasonally adjusted real GDP rose by 1.7 percent during the second quarter compared to...
September 08, 2025

Saudi Real GDP records growth of 3.9% in Q2 2025

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