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Riyadh-based Saudi real estate investment fund Riyad REIT Fund has acquired an office building located in Conshohocken (Philadelphia MSA), Pennsylvania, used by AmerisourceBergen Global one of the world’s largest global companies, Argaam reports. The acquisition, the Argaam notes, cost the Read more
Saudi Arabia’s sovereign wealth Fund officially known as Public Investment Fund (PIF), has increased its investment in American video game company Activision Blizzard ATVI.O by 13.3%, reports say. PIF, Zawya reports citing a Securities and Exchange Commission filing on Monday, Read more
Two Qatari soccer referees have been appointed to lead two matches of the Saudi Professional League 2021-2022, in a further sign of normalization between the two countries following more than three years of diplomatic feud. Abdul Rahman Al Jassim and Read more
Oman’s ruler Sultan Haitham bin Tariq Al Said landed Sunday in Saudi Arabia for his first trip abroad since ascending to the throne last year, as both countries beef up their economic ties. The Omani ruler held talks with King Read more
The kingdom of Saudi Arabia approved Tuesday the creation of Mahd Sports Academy, expected to foster the next generation of sports talents for the Gulf country. Launched last year in July, the academy according to Sport Minister Prince Abdulaziz bin Read more
Saudi Food and Drug Authority (SFDA) has prohibited the import of poultry meat, table eggs, and their products from the French regions of Landes, Pyrenees-Atlantiques and Gers, reports say. The move according to the SFDA is made after reviewing a Read more
Saudi Land Forces and US forces Army Ground Forces (AGF) launched Tuesday “Falcon Claws 4”, a joint military drill aiming at strengthening military relations between the two countries and exchanging expertise and concepts. The exercise, according to the kingdom’s news Read more
Red Sea Farming, a Saudi agriculture technology startup said Monday it raised $10 million in seeds round to be used for the expansion in the region and for improving facilities. The investors include Saudi Aramco’s (2222.SE) entrepreneurship arm Wa’ed, the Read more
Saudi Arabia will Thursday launch in Geneva the “Riyadh Initiative” aimed at establishing a global network of operations to exchange information between anti-corruption agencies, Arab News reports. The initiative aims at developing a rapid and effective tool to combat cross-border Read more
Saudi Arabia will “very soon” open its borders for foreign tourists as the kingdom sets conditions to enter the country. The kingdom on Sunday indicated that non-citizens arriving from certain countries and who were fully vaccinated against or recently recovered Read more