Day: September 7, 2024

The Quality of Life Program has made substantial strides in promoting hobby culture and encouraging active participation in diverse activities in Saudi Arabia. As outlined in the program's recently published annual report, it has achieved significant progress regarding its Vision 2030 goal of enhancing the quality of life. Key achievements include a surge in the number of hobby clubs, now numbering 1,145 across the Kingdom. The Hawi platform now features over 215 hobbies, catering to a wide range of interests. Furthermore, hobby clubs have organized 1,435 events, providing citizens and residents with ample opportunities to participate in stimulating activities. To foster the development of the hobby sector, the program has focused on three primary pillars: enriching and diversifying hobbies, encouraging society, education, and media to practice hobbies, and achieving coordination among enabling entities. As per the program, facilities and spaces to practice hobbies have been established, the Hawi appl ication was launched to support amateur clubs, and partnerships were concluded with organizations like Golato to provide sports facilities. Moreover, awareness campaigns were carried out, training courses were held, and collaborations with universities were reached to promote hobby culture and provide educational resources. The program has signed agreements with the public, private, and non-profit sectors to spur hobby development and has collaborated with sports federations to implement hobby experimentation programs. Through these endeavors, the Quality of Life Program aims to increase community participation in hobbies, boost the hobby sector's contribution to GDP, establish Saudi Arabia as a global leader in hobby club registration, and achieve a target of 6,000 hobby clubs by 2030. By creating a vibrant and inspiring society, the program seeks to elevate Saudi Arabia's standing in the realm of hobby culture and quality of life. Source: Saudi Press Agency

The Ministry of Investment (MISA) and the General Authority for Military Industries (GAMI) have signed a memorandum of understanding with leading Italian company in the defense sector Elettronica increasing collaboration in areas related to investment in the Saudi defense sector, building the Kingdom's capabilities, and positioning it as a key player in the defense industry's global value chain. Attending the signing ceremony was Minister of Investment Eng. Khalid A. Al-Falih ?and Deputy Governor of the General Authority for Military Industries for Localization Mohammad Alathel. The memorandum further supports the Kingdom's ambitious goals of increasing foreign direct investment's (FDI) contribution to the Kingdom's GDP to 5.7%, and the private sector's contribution to GDP to 65%, and Saudi Arabia's target to localize 50% of military equipment spending by 2030. MISA signed the agreement at the Ambrosetti Forum, which was hosted by the Italian city of Como, attended by many countries and a group of major international companies. MISA participated in several dialogue sessions discussing investment opportunities in the Kingdom, introducing the ministry's services in support of investors and investments, and highlighting the Kingdom's enablers and incentives offered to local and international investors. Source: Saudi Press Agency

Basra crude (heavy and medium) incurred huge weekly losses as global oil prices recorded sharp weekly losses. Basra heavy crude closed in its last session yesterday, Friday, up 40 cents to reach $68.76, but recorded weekly losses of $6.10, equivalent to 7.90%. Basra medium crude also closed in its last session up 40 cents to reach $71.76, and recorded weekly losses of $6.10, equivalent to 7.60%. Global oil prices have recorded extended losses for 4 consecutive sessions, amid anticipation of the position of / OPEC + /. US West Texas Intermediate crude oil recorded weekly losses of 7.9%, while Brent crude oil recorded sharp weekly losses of more than 7.6%. Source: National Iraqi News Agency

Basra crude (heavy and medium) incurred huge weekly losses as global oil prices recorded sharp weekly losses. Basra heavy crude closed in its last session yesterday, Friday, up 40 cents to reach $68.76, but recorded weekly losses of $6.10, equivalent to 7.90%. Basra medium crude also closed in its last session up 40 cents to reach $71.76, and recorded weekly losses of $6.10, equivalent to 7.60%. Global oil prices have recorded extended losses for 4 consecutive sessions, amid anticipation of the position of / OPEC + /. US West Texas Intermediate crude oil recorded weekly losses of 7.9%, while Brent crude oil recorded sharp weekly losses of more than 7.6%. Source: National Iraqi News Agency

Basra crude (heavy and medium) incurred huge weekly losses as global oil prices recorded sharp weekly losses. Basra heavy crude closed in its last session yesterday, Friday, up 40 cents to reach $68.76, but recorded weekly losses of $6.10, equivalent to 7.90%. Basra medium crude also closed in its last session up 40 cents to reach $71.76, and recorded weekly losses of $6.10, equivalent to 7.60%. Global oil prices have recorded extended losses for 4 consecutive sessions, amid anticipation of the position of / OPEC + /. US West Texas Intermediate crude oil recorded weekly losses of 7.9%, while Brent crude oil recorded sharp weekly losses of more than 7.6%. Source: National Iraqi News Agency

The King Abdulaziz Center for Cultural Communication will announce on Monday the winners of the "Cultural Communication Award" at a ceremony to be held at the center's headquarters in Riyadh. The award, in its fourth edition, in one of the initiatives, projects and programs implemented by the center; it is one of the prominent national awards granted for helping achieve the goals and policies of the center. The award covers five categories: government agencies, national civil society institutions, international non-profit organizations and institutions, the private sector, and individuals from among citizens and residents in the Kingdom. Source: Saudi Press Agency

The King Abdulaziz Center for Cultural Communication will announce on Monday the winners of the "Cultural Communication Award" at a ceremony to be held at the center's headquarters in Riyadh. The award, in its fourth edition, in one of the initiatives, projects and programs implemented by the center; it is one of the prominent national awards granted for helping achieve the goals and policies of the center. The award covers five categories: government agencies, national civil society institutions, international non-profit organizations and institutions, the private sector, and individuals from among citizens and residents in the Kingdom. Source: Saudi Press Agency

Two civilians were killed and four others were injured in a collision between four vehicles in Shuraw area, north of Kirkuk, while another civilian was killed in a run-over accident on Erbil / Kirkuk road near Altun Kopri district Source: National Iraqi News Agency

Two civilians were killed and four others were injured in a collision between four vehicles in Shuraw area, north of Kirkuk, while another civilian was killed in a run-over accident on Erbil / Kirkuk road near Altun Kopri district Source: National Iraqi News Agency

Two civilians were killed and four others were injured in a collision between four vehicles in Shuraw area, north of Kirkuk, while another civilian was killed in a run-over accident on Erbil / Kirkuk road near Altun Kopri district Source: National Iraqi News Agency