Saudi Arabia

RIYADH, Feb 14 (NNN-SPA) – Saudi Arabia’s flag carrier, SAUDIA Airlines, has signed a deal with China’s Huawei, on digital transformation, including launching a service application on the tech giant’s AppGallary platform.

The deal, signed with Huawei Tech Investment Saudi Arabia, allows the Saudi flag carrier to become part of Huawei’s holistic ecosystem, for users in the Middle East and Africa and beyond.

With this deal, travellers will now be able to book their flights between Saudi Arabia and their chosen destination on Huawei’s smart devices.

Dubai, Feb 13 (AP) Saudi Arabia said Sunday it will transfer 4% of its stock in the state-run oil giant Aramco to its state investment fund, a nearly 80 billion infusion of cash as it tries to overhaul its energy-dependent economy.

The announcement on state media comes as the oil firm is valued just under 2 trillion.

The kingdom remains the largest shareholder in the firm with 94% of the company. It offered shares of the oil firm on Riyadh's Tadawul stock market in 2019.

RIYADH, Feb 3 (NNN-SPA) – The Chinese tech giant, Huawei, launched its largest overseas store in the Saudi Arabian capital of Riyadh, yesterday.

Visitors to the Huawei flagship store, which spans over 2,000 square metres, with a minimalist design, can enjoy a rich full-scenario experience, with immersive demonstrations of Huawei’s latest smart devices and technologies in 5G, Artificial Intelligence (AI), and Huawei mobile cloud service.

28 Jan 2022; MEMO: Former Israeli Prime Minister Benjamin Netanyahu agreed to renew Saudi Arabia's licence to use the controversial software Pegasus in return for Riyadh opening its airspace to flights from the occupation state, a new report has revealed.

27 Jan 2022; MEMO: Saudi Arabia and China have pledged to expand their cooperation in the field of defence and bilateral military relations, further strengthening the ties between the two countries.

In a virtual meeting yesterday, China's Minister of National Defence, Wei Fenghe, and Saudi Arabia's Deputy Defence Minister, Khalid bin Salman, agreed on greater coordination and cooperation in opposition to hegemonic and bullying tactics in the region, while advocating for protecting the interests of developing nations.

26 Jan 2022; MEMO: Savvy Gaming Group (SGG) which is backed by Saudi Arabia's Public Investment Fund has acquired two of the largest e-sports brands for a combined $1.5 billion. ESL, a gaming event organiser, and tournament platform FACEIT will merge to form ESL FACEIT Group, according to a report first published by German site Handelsblatt.

26 Jan 2022; MEMO: Saudi Arabia has lifted the unofficial ban on Turkish goods, which came into place four years ago, Al-Khaleej Online reported yesterday.

As a result of the ban, Turkish exports to Saudi Arabia declined from $2.7 billion in 2018 to $189 million in 2021.

2i Jan 2022; MEMO: The United Nations Envoy to Yemen, Hans Grundberg, yesterday met with the Saudi Deputy Defence Minister, Khalid Bin Salman Al-Saud, in the Saudi capital city of Riyadh, where they discussed ways to end the war in Yemen.

"I appreciate the opportunity to discuss ways to end the Yemen war and ensure stability on the Arabian Peninsula with Prince Khalid Bin Salman," Grundberg said on Twitter, adding that they both agreed to "work closely together and to continue cooperation".

20 Jan 2022; MEMO: Saudi Arabia's Crown Prince, Mohammed bin Salman, met with Russian Special Envoy for Syria, Alexander Lavrentiev today, giving the two an opportunity to discuss steps to be taken for a political solution in Syria.

16 Jan 2022; MEMO: Six years after snapping their diplomatic ties, arch-foes Iran and Saudi Arabia are slowly moving toward rapprochement and preparing to reopen embassies, according to a senior Iranian lawmaker, reported Anadolu Agency.

Jalil Rahimi Jahanabadi, a member of the Iranian Parliament's national security and foreign policy commission, in a Twitter post on Saturday, said the two countries are on course to restore their fractured ties.