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Saudi News Update: Week 10

A businessman is staying up to date by reading the news on a tablet

This week the Crown Prince announced a transfer of 8% of Saudi Aramco shares to PIF companies. This reduces the state ownership of Aramco to 82.186%.


In other news, the Leap Tech exhibition in Riyadh concluded last week with $13.4 billion in investment. Moreover, ‘Knockout Chaos’ concluded on Saturday with a second-round knockout by Anthony Joshua on Francis Ngannou. Ngannou has also been presented with premium residency within the kingdom.


Economy, Budgets and Finance

Saudi Gazette:  Crown Prince announces transfer of 8% Saudi Aramco shares to PIF companies. Read here

Arab News: Saudi startup ecosystem takes a giant LEAP. Read here

Asharq Al-Awsat: Saudi-Turkish Business Forum Helps Boost Economic Ties. Read here

Government and Royal Family

Saudi Gazette:  Saudi Arabia unveils 'Data Saudi' platform to increase transparency. Read here

Argaam:  Saudi Arabia spends SAR 35B on digital transformation: Official. Read here

Al Arabiya:  Saudi Arabia considers adjusting dependent fees to boost talent influx. Read here

Defence and Security

Saudi Gazette: “Sword of Peace 12” joint exercise of Saudi Armed Forces concludes. Read here

The Defence Post: Navantia Delivers Final Avante 2200 Corvette to Saudi Arabia. Read here


Saudi Gazette: Women own over 476,000 commercial records in Saudi Arabia. Read here

Arab News: Saudi Arabia is on a remarkable journey — I’ve seen it with my own eyes. Read here

Arab News: Saudi Aramco launches first marine fuel station for vessels in Saudi Arabia. Read here


Arab News: Anthony Joshua knocks out MMA star Francis Ngannou in one-sided boxing match.  Read

Al Arabiya: Saudi Arabia awards MMA heavyweight Francis Ngannou Premium ResidencyRead here

Asharq Al-Awsat: Saudi Sport Minister Crowns Dutchman Max Verstappen with F1 Saudi Arabian Grand Prix TrophyRead here


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