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King Salman to Sponsor Inaugural Global Conference on Giftedness and Creativity

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
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King Salman to Sponsor Inaugural Global Conference on Giftedness and Creativity

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)

Custodian of the Two Holy Mosques King Salman bin Abdulaziz will sponsor on Sunday the inaugural Global Conference for Giftedness and Creativity ... Imagine the Future 2020.

Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, will inaugurate the event on his behalf.

Held in Riyadh, the two-day conference is co-organized by the King Abdulaziz and his Companions Foundation for Giftedness and Creativity (Mawhiba) and the G20 Saudi Secretariat General. It is part of the program of the international conferences held on the sidelines of the current Saudi presidency of the G20.

The conference will be held biennially, upon the directive of King Salman, reflecting the unlimited support provided by the wise leadership to Mawhiba since its establishment 20 years ago. The event will see the participation of local, Arab and international figures.

Mawhiba Secretary General Dr. Saud bin Saeed Al-Mathami said that the conference “is a message from Saudi Arabia to the world and look into the future.”

It will bolster the Kingdom’s pioneering role in developing youth talents and innovations in shaping the future, underscoring their ability in shaping and investing in the virtual world, he added.

He explained that the conference will tackle virtual reality and its impact on human development. It will also focus on expanding international cooperation through effective partnerships in order to develop human capital, in the shape of youth energy, talent and innovation, to confront global challenges.

Al-Mathami said the event will be a virtual communication platform that brings together policy-makers with the aim of empowering youth and innovators throughout the world.

The conference will attract international, regional and national speakers from scientists, future advisors and decision makers to provide keynotes, and discussion sessions. The conference also includes “Mawhiba Virtual World” science exhibition. Aramco and SABIC are the conference strategic knowledge partners, who have a long history of supporting and nurturing the gifted and creative youth.

Keynote speakers are Neil deGrasse Tyson, American astrophysicist, planetary scientist, author, and science communicator, Gerd Leonhard, a European futurist, speaker and author who specializes in the debate between humanity and technology, and Dr. Machio Kaku, futurist and theoretical physicist.

Panelists include Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Education Dr. Hamad Al-AlSheikh, Executive Director of UNICEF Henrietta H. Fore, Executive Editor of Hub Culture Edie Lush, CEO of the NEOM project Nadhmi Al-Nasr, Vice President - Worldwide Education, Microsoft Anthony Salcito, Co-Creator of Skype Jonas Kjellberg, Senior Policy Analyst at Saudi G20 Sherpa Office Satam Alqadadi and many others.

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Kuwait Court Concludes Major ‘Malaysian Fund’ Money Laundering Case

Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
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Kuwait Court Concludes Major ‘Malaysian Fund’ Money Laundering Case

Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)

Kuwait’s Court of Cassation on Thursday concluded the country's largest money laundering case, known as the “Malaysian Fund” scandal.

The court, led by Judge Saleh Al-Muraishid, sentenced Sheikh Sabah Jaber Al-Mubarak, son of the former Prime Minister, and his associates Hamad Al-Wazzan, Bashar Kiwan, and two expatriates to 10 years in prison.

A lawyer involved in the case received a seven-year sentence.

The court also ordered the defendants to return $1 billion and collectively fined them 145 million Kuwaiti dinars (about $500 million).

The “Malaysian Fund” case involves fake transactions and forged contracts between companies in Kuwait and China. Investigators from Malaysia and the US estimate that around $4.5 billion was embezzled from the fund since 2009, implicating the former Malaysian prime minister.

Kuwait’s Public Prosecution reopened the case after a two-year pause due to lack of information.

On March 28, 2023, the Criminal Court sentenced a member of the ruling family, his associates, and two expatriates to 10 years in prison, with a lawyer receiving seven years.

They were ordered to return $1 billion and fined 145 million Kuwaiti dinars.

The original case in Malaysia dates back to 2016 when US prosecutors filed a lawsuit to recover over $1 billion allegedly tied to a conspiracy to launder money from the Malaysian sovereign wealth fund 1MDB, overseen by former Malaysian premier Najib Razak.

The funds were used to finance a Hollywood film, buy real estate, and acquire famous artworks.

In May 2020, the scandal surfaced in Kuwait after US defense officials provided information to the late Kuwaiti Defense Minister, Sheikh Nasser Sabah Al-Ahmad, revealing the involvement of several former officials in suspicious financial transactions for Chinese and Malaysian companies.

Investigations in Kuwait showed nearly $1 billion had been transferred into the account of an influential Kuwaiti figure before being rerouted abroad.

The inquiry linked a Malaysian financial expert accused in the case to the son of a former Kuwaiti Prime Minister, and they collaborated to channel the funds through intermediary companies.

On July 10, 2020, Kuwait’s Public Prosecution ordered the arrest of Sheikh Sabah Jaber Al-Mubarak and his associate in connection with the “Malaysian Fund” case.