Saudi Arabian General Investment Authority Hosts British Universities, Signs Three MoUs

SAGIA specialists hold presentations in London about the Authority's opportunities for investors to do business in Saudi Arabia. (SPA)
SAGIA specialists hold presentations in London about the Authority's opportunities for investors to do business in Saudi Arabia. (SPA)
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Saudi Arabian General Investment Authority Hosts British Universities, Signs Three MoUs

SAGIA specialists hold presentations in London about the Authority's opportunities for investors to do business in Saudi Arabia. (SPA)
SAGIA specialists hold presentations in London about the Authority's opportunities for investors to do business in Saudi Arabia. (SPA)

The Saudi Arabian General Investment Authority (SAGIA), in cooperation with the British SI-UK, hosted on Sunday the Saudi-British Higher education meeting.

The forum saw the presence of more than 100 representatives of the government and private sectors from the Saudi and British sides.

It aims to discuss opportunities in the education sector in the Kingdom of Saudi Arabia and maximizing the contribution of the private sector in the development of the education sector.

During the meeting, three memorandums of understanding (MoUs) were signed, the Saudi Press Agnecy reported.

The first MoU was signed between SAGIA and SI-UK to ensure collaborative work with British educational institutions.

The second MoU was signed between SAGIA and the Saudi Council of Engineers to develop educational investments and to attract foreign educational institutions which are specialized in engineering.

The third MoU was signed between the Saudi Council of Engineers and SI-UK to support Saudi engineering students in Britain.



Starbucks to Eliminate 1,100 Corporate Roles

Starbucks employees, union members and supporters strike outside of a Starbucks store which is closed down due to the strike on December 23, 2024 in New York City. (Getty Images/AFP)
Starbucks employees, union members and supporters strike outside of a Starbucks store which is closed down due to the strike on December 23, 2024 in New York City. (Getty Images/AFP)
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Starbucks to Eliminate 1,100 Corporate Roles

Starbucks employees, union members and supporters strike outside of a Starbucks store which is closed down due to the strike on December 23, 2024 in New York City. (Getty Images/AFP)
Starbucks employees, union members and supporters strike outside of a Starbucks store which is closed down due to the strike on December 23, 2024 in New York City. (Getty Images/AFP)

Starbucks CEO Brian Niccol said on Monday the coffee chain has decided to eliminate 1,100 corporate roles.

The layoff would include current support partner roles and several hundred additional open and unfilled positions, Niccol said in a letter to employees, Reuters reported.

Niccol had in January said the company will cut jobs to optimize its support teams as part of its turnaround efforts, the details of which was to be announced by early March.

The layoff would not affect in-store teams or the investments Starbucks is making in store hours, Niccol said on Monday.