Saudi-US CEO Forum held in New York

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Plenary panel at the event— "An Era of Transformation: From Vision to Implementation." (SPA)
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The event is being held in New York. (SPA)
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Saudi Arabian Finance Minister Mohammed Al-Jadaan at the event. (SPA)
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Saudi Arabian and American companies signed 36 memorandums of understanding for deals worth $20 billion. (SPA)
Updated 28 March 2018
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Saudi-US CEO Forum held in New York

NEW YORK: The Saudi-US CEO Forum began in New York this morning, held during the visit of Crown Prince Mohammed bin Salman to the US.
The forum is being attended by influential economic figures such as Jamie Dimon, CEO of JPMorgan, and Adena Friedman, CEO and president of NASDAQ.
It brings together the business elite from the US and the Kingdom for a day of formal presentations, panel discussions, and trade and cultural shows.
The Saudi Arabian Finance Minister Mohammed Al-Jadaan said in his opening remarks: "Saudi Arabia's path forward is a challenging and comprehensive one - encompassing financial and fiscal sectors - and one we cannot do without.
“2030 aims to deliver an expanding economy with sustainable momentum that generates business opportunities for both our companies and our business partners in the US.
“This forum is a demonstration that Saudi Arabia is focused on its future - the untapped potential in the Kingdom is significant. We are creating an inclusive, diverse and digitally enabled banking sector, underpinned by a globally recognized stability of the sector.
“You are here because you believe in the promise and opportunities of Saudi Arabia. We are here to demonstrate our eagerness to work with our partners."
In the opening panel of the conference, which included Khalid Al-Falih, iMinister of Energy, Industry and Mineral Resources of Saudi Arabia and chairman of Saudi Aramco and Dr. Majed Al-Kassabi, Minister of Commerce and Investment of Saudi Arabia, US Secretary of Commerce Wilbur Ross, speaking in a panel discussion, said: "We stood with Saudi Arabia back in 1938, eighty years later we stand with them as they are about to transform their society and economy."
Dr. Al-Kassabi said: “We are implementing an infrastructure and a rule of law to guarantee the protection of investors, that we have benchmarked on global excellence.”

Meanwhile, during the event, Saudi Arabian and American companies signed 36 memorandums of understanding for deals worth $20 billion.
Saudi Aramco signed a number of agreements, including one with Google focusing on cloud services and other technological opportunities and Raytheon to establish national Internet security services. Also signed was a five-year initiative between the King Abdulaziz Centre for World Culture and National Geographic. Also included in the partnerships was a MoU between Saudi Industrial Development Fund (SIDF) and JP Morgan to discuss cooperation in industrial finance in Saudi Arabia.
Stephen Schwarzman, CEO of Blackstone Group LP, will host an event for the crown prince on Tuesday.
During his last day in New York, the crown prince will meet with technology companies. He will also visit Houston, Los Angeles, San Francisco and Seattle to cultivate investments, and is expected to host a banquet.


Saudi Arabia’s King Salman receives written message from Senegal president

Message was received by the Kingdom’s Foreign Minister Prince Faisal bin Farhan during a meeting with Gen. Birame Diop.
Updated 5 sec ago
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Saudi Arabia’s King Salman receives written message from Senegal president

  • The message related to Saudi-Senegalese relations, and was received by the Kingdom’s Foreign Minister Prince Faisal bin Farhan

RIYADH: Saudi Arabia’s King Salman received a written message from the President of Senegal Bassirou Diomaye Faye, the Saudi Press Agency reported on Thursday.

The message related to Saudi-Senegalese relations, and was received by the Kingdom’s Foreign Minister Prince Faisal bin Farhan during a meeting with Senegal’s Minister of Armed Forces Gen. Birame Diop in Riyadh.

During the meeting, Prince Faisal and Diop discussed topics of common interest and ways to enhance relations between their countries.


Eastern Region’s green initiative shows remarkable progress

Updated 09 January 2025
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Eastern Region’s green initiative shows remarkable progress

  • Initiative has focused on introducing climate-appropriate trees and flowers
  • Eastern Province Municipality emphasized the project’s collaborative nature

DAMMAM: Significant strides were made by the Eastern Province Municipality last year in its efforts towards vegetation expansion and anti-desertification.

The initiative, designed to counter industrial pollution, improve air quality and move towards environmental sustainability, has focused on introducing climate-appropriate trees and flowers while adhering to scientific afforestation guidelines and controls.

Throughout the year, the municipality launched 87 initiatives involving more than 1,200 volunteers across 60 parks. This included the Dammam Corniche waterfront and its walking trails where some 680,000 trees and shrubs were planted, complemented by 7.7 million flowers, expanding green coverage by 205,000 sq. meters.

Work was also carried out to rehabilitate streets and other spaces, while technical upgrades included maintenance work on 200 pumps and the installation of irrigation networks covering 30 km of streets.

There was also progress for the park investment program, with four parks already under investment management and 400 more designated for future opportunities.

The municipality emphasized the project’s collaborative nature, highlighting the active participation of community members, government bodies and the private sector companies. Its inclusive approach aims to cultivate a lasting environmental consciousness and ensure sustainability practices are passed down to future generations.


Riyadh to host second edition of Model of Care Forum

Updated 09 January 2025
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Riyadh to host second edition of Model of Care Forum

  • Forum aims to introduce the Saudi healthcare model locally and internationally, highlight success stories, and outline future goals and ambitions
  • Forum represents the second phase in a four-part strategic process in the healthcare sector’s transformation

RIYADH: Riyadh will host the second edition of the Model of Care Forum under the patronage of Minister of Health Fahad Al-Jalajel.

Organised by the Health Holding Co. on Jan. 28-29, the forum will be held at Malfa Hall in Prince Mohammed bin Salman Nonprofit City.

The forum aims to introduce the Saudi healthcare model locally and internationally, highlight success stories, and outline future goals and ambitions in line with the Saudi Vision 2030.

It also promotes partnership in healthcare among individuals and their families by taking necessary measures to maintain their health, ensuring the provision of healthcare that meets societal needs according to the highest quality standards.

The forum represents the second phase in a four-part strategic process in the healthcare sector’s transformation, aimed at developing the healthcare model in the Kingdom.

The Health Holding Co. is playing a key role in enabling healthcare delivery through 20 health clusters across Saudi Arabia.


Directorate imposes new exit visa requirement

Updated 09 January 2025
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Directorate imposes new exit visa requirement

  • Directorate addressed employers, stating that if a resident identity is valid for fewer than 30 days, the final exit visa may not be issued
  • Resident identity must be renewed for the issuance of the final exit visa

RIYADH: The Saudi General Directorate of Passports has said that resident identities must be valid for at least 30 days when applying for a final exit visa.

The directorate addressed employers, stating that if a resident identity is valid for fewer than 30 days, the final exit visa may not be issued. In that case, the resident identity must be renewed for the issuance of the final exit visa.

It noted that if a resident identity is valid for more than 30 days and fewer than 60 days, a final exit visa may be issued for the resident identity’s remaining period.

If the resident identity is valid for 60 days or more, the final exit visa may be issued for 60 days only.

The directorate noted that employers may issue final exit visas for their sponsored workers or affiliated family members through the Ministry of Interior’s Absher Business platform, and the Muqeem portal.


Saudi king and crown prince congratulate Joseph Aoun on being elected president of Lebanon

Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman. (File/SPA)
Updated 09 January 2025
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Saudi king and crown prince congratulate Joseph Aoun on being elected president of Lebanon

  • In a congratulatory cable, King Salman wished Aoun success and the Lebanese people further progress and prosperity

RIYADH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman congratulated Joseph Aoun on being elected president of Lebanon on Thursday.

In a congratulatory cable, King Salman wished Aoun success and the Lebanese people further progress and prosperity.The crown prince sent a similar cable.

Lebanon’s parliament voted Thursday to elect the country’s army commander, Joseph Aoun, as head of state, filling a more than two-year-long presidential vacuum.

Thursday’s session was the 13th attempt to elect a successor to Michel Aoun, whose term ended in October 2022.