BREAKING NEWS | Arab Coalition Destroys Houthi Drone Targeting Saudi Arabia

RIYADH | SAUDI ARABIA – The Arab coalition intercepted and destroyed a drone launched by the Houthis toward Saudi Arabia’s southern region on  Saturday.

The armed drone which targeted civilians was destroyed on Saturday afternoon, coalition spokesman Col. Turki Al-Maliki said.

Sovereign Fund PIF Considers Saudi Telecom Stake Sale, Sources Say

Saudi Arabia’s Public Investment Fund (PIF) is considering divesting part of its stake in Saudi Telecom, sources close to the matter told Reuters, as the sovereign wealth fund seeks to monetise some of its assets. The fund, which holds $430 billion of assets, has hired Goldman Sachs and Saudi National Bank’s investment banking arm to … More Sovereign Fund PIF Considers Saudi Telecom Stake Sale, Sources Say

Saudi Arabian, Austrian FMs Hold Joint Press Conference In Vienna

Saudi Arabia’s Foreign Minister Prince Faisal bin Frhan on Tuesday said the Kingdom has a common vision with Austria regarding the  stability of the region in a joint press conference with his Austrian counterpart Alexander Schallenberf in Vienna. Schallenberg said Saudi Arabia is his country’s largest partner in the Middle East. ‘Saudi Arabia plays a … More Saudi Arabian, Austrian FMs Hold Joint Press Conference In Vienna

Saudi Crown Prince Inaugurates $1Bn Housing And Medical Projects For Ministry Of Defense Employees

Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated eight housing projects as well as medical treatment for employees of the Ministry of Defense, the state news agency SPA reported on Sunday. The initiative is part of new development projects implemented and recently completed by the ministry at a cost of more than SR 4 billion … More Saudi Crown Prince Inaugurates $1Bn Housing And Medical Projects For Ministry Of Defense Employees


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