BUSINESS | Saudi Energy Ministry To Assist Development Of Mega Economic Zone Neom

RIYADH | SAUDI ARABIA – Saudi Arabia’s energy ministry is to offer assistance so that NEOM, a $500 billion high – tech development that includes tourism and sport facilities on the Red Sea, can be completed on Schedule, minister Abdul Aziz bin Salman said on Sunday.

The 26,500 square km development, first revealed in 2017 with a planned completion in 2025, will include high-tech project powered by wind and solar energy.

Neom CEO Nadhmo al-Nasr, speaking at the signing ceremony of a cooperation agreement with the ministry, said the city will rely totally on renewable power, including solar, wind and hydrogen produced from renewable energy sources.

‘We have to preserve and make all our capacities available to realize this project’, prince Abdul Aziz told a press conference at the ceremony, broadcast on Al-Arabiya TV channel.

The project is part of Crown Prince Mohammed bin Salman’s Vision 2030 plan that aims to attract foreign investment and create jobs in a bid to wean the kingdom off reliance on oil.

Greece Lifts COVID Curbs For Travellers Ahead Of Key Summer Season

ATHENS, Greece – Greece lifted COVID-19 restrictions on Sunday for foreign and domestic flights, its civil aviation authority said, ahead of the summer tourism season that officials hope will see revenues bouncing back from the pandemic slump. To fly in or out of the country, travellers were previously required to show either a vaccination certificate, … More Greece Lifts COVID Curbs For Travellers Ahead Of Key Summer Season

Saudi, Pakistan To Discuss Possible Support For Kingdom’s $3 Billion Deposit

PARIS, France – Saudi Arabia and Pakistan will discuss the possibility of supporting the kingdom’s $3 billion deposit in Pakistan’s central bank bank by extending its term ‘or through other options’, a joint statement carried by Saudi State News Agency SPA said on Sunday. Last year, Saudi Arabia deposited $3 billion in Pakistan’s central bank … More Saudi, Pakistan To Discuss Possible Support For Kingdom’s $3 Billion Deposit

Yemen President Cedes Powers To Council As Saudi Arabia Pushes To End War

PARIS, France – Yemen’s president delegated power to a presidential council and dismissed his deputy on Thursday in moves aimed at supporting U.N. – led efforts to revive negotiations to end a bitter seven – year war. Riyadh announced $3 billion in financial aid to the Saudi – backed government after the announcement by President … More Yemen President Cedes Powers To Council As Saudi Arabia Pushes To End War

Saudi Authorities Warn Against Donating To Strangers Due To Terrorism Financing

PARIS, France – Saudi Arabia’s Presidency of State Security warned citizens and residents in the Kingdom against donating to strangers, nothing that such practices increase the probability of financing terrorism. ‘[Random strangers] may be more dangerous than you think’, the Presidency of State Security said in a statement on Twitter, urging people to only make … More Saudi Authorities Warn Against Donating To Strangers Due To Terrorism Financing

Saudi Arabian Grand Prix To Go Ahead As Planned, Say Organizers

JEDDAH, Saudi Arabia – Formula One’s Saudi Arabian Grand Prix will go ahead as planned, organizers said on Friday following attacks on a facility owned by oil giant Aramco near the racetrack in Jeddah. Yemen’s Iran – backed Houthis said they launched attacks on Saudi energy facilities on Friday and the Arab coalition said Aramco’s … More Saudi Arabian Grand Prix To Go Ahead As Planned, Say Organizers

Saudi Aramco Storage Facility Targeted By Houthi Attack, Causing Fire

RIYADH, Saudi Arabia – Yemen’s Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi – led coalition said oil giant Aramco’s petroleum products distribution station in Jeddah was hit, causing a fire in two storage tanks but no causalities. A huge plume of black smoke could be seen rising over … More Saudi Aramco Storage Facility Targeted By Houthi Attack, Causing Fire

U.S. Approves Potential Sale Of Rocket Launchers To Bahrain – Pentagon

WASHINGTON – The U.S. State Department has approved the potential sale to Bahrain of M270 Multiple Launch Rocket Systems Upgrade and related equipment for an estimated cost of $176 million, the Pentagon said on Thursday. The principal contractor will be Lockheed Martin Corp, the Pentagon’s Defense Security Cooperation Agency said in a news release.

France Promises Funding To International Criminal Court To Investigate Crimes In Ukraine

PARIS, France – The French Foreign Ministry has promised 500,000 euros ($548,715) of financing to the International Criminal Court (ICC) to support the investigation into cimes committed in Ukraine, it said in a statement on Wednesday. France will also be providing magistrates, investigators and experts, ‘to make sure the prosecutor can lead his investigation in … More France Promises Funding To International Criminal Court To Investigate Crimes In Ukraine

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