Tuesday, August 9

PIF Launches Saudi Egyptian Investment Company to Foster Investment in Egypt

Riyadh-- The Public Investment Fund (PIF) today launched the Saudi Egyptian Investment Company (SEIC) to invest in promising sectors throughout Egypt, one of the world’s emerging markets.SEIC will invest in priority sectors including but not limited to, infrastructure, real estate development, health care, financial services, food and agriculture, manufacturing, pharmaceutical and other opportunistic investments. The company will also contribute to enhancing access for PIF and its portfolio companies, along with the Saudi private sector, to a variety of investment opportunities in Egypt. This will help drive attractive long-term commercial returns and enhance cooperation across many strategic sectors.Yazeed Alhumied Deputy Governor and Head of MENA Investments at PIF, said, "We are pleased...

Financed by KSrelief, Ambulance Service carries out 50 missions within a week in Lebanon

Beirut-- Financed by King Salman Humanitarian Aid and Relief Center (KSrelief), the Ambulance Service of Subul Al-Salam Social Society in Al-Minyah, northern Lebanon, carried out 50 ambulance missions during the past week.This comes within the framework of a project to support ambulance services and transport in refugee areas.Source: Saudi Press Agency

KSrelief Distributes 6000 Cartoon of Dates in Al-Wadi Directorate, Maareb Governorate of Yemen

Maareb, Yemen-- King Salman Humanitarian Aid and Relief Center (KSrelief) has distributed 6000 cartoon of dates in Al-Wadi Directorate, Maareb Governorate, Yemen, benefiting 36,000, it was reported today.The distribution process, which took place yesterday, comes within the humanitarian and relief projects extended by the Kingdom for the friendly people of Yemen.Source: Saudi Press Agency

Custodian of the Two Holy Mosques Condoles President of The Philippines on Death of Former President

Jeddah, Aug 5, 2022, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has sent a cable of condolences and sympathy to President Ferdinand Marcos Jr., of the Republic of the Philippines on the death of former President Fidel Ramos.In his cable, the Custodian of the Two Holy Mosques said: "We have learned of the death of the former President of the Republic of the Philippines Fidel Ramos and as we send to your Excellency and to the family of the deceased our deepest and most sincere condolences, we pray to Allah the Almighty to protect you from any harm."Source: Saudi Press Agency

Blast hits Afghanistan’s capital Kabul

KABUL-- An explosion in a residential area in Afghanistan's capital city Kabul on Friday killed at least two people and left three wounded, police said, according to Reuters."The explosion happened in a crowded place," said Khalid Zadran, the city's police spokesman.Source: Saudi Press Agency

Saudi Ambassador to N’Djamena Meets with Chadian Minister of Public Health and National Solidarity

N'Djamena, Aug 5, 2022, SPA -- The Kingdom of Saudi Arabia's Ambassador to the Republic of Chad, Amer bin Ali Al-Shehri, met with the Minister of Public Health and National Solidarity of the Republic of Chad, Dr. Abdulmajeed Abdurrahman.During the meeting, they discussed ways to strengthen relations between the Kingdom and Chad, and issues of common interest.Source: Saudi Press Agency