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Meet Fahad Toonsi, Secretary-General of the Saudi Secretariat for the G20

Dr. Fahad bin Abdullah Toonsi.
Dr. Fahad bin Abdullah Toonsi.
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Meet Fahad Toonsi, Secretary-General of the Saudi Secretariat for the G20

Dr. Fahad bin Abdullah Toonsi.
Dr. Fahad bin Abdullah Toonsi.

Dr. Fahad bin Abdullah Toonsi was chosen as secretary-general of the Saudi Secretariat for the G20 for his prestigious career in the Royal Court.

Coming from a background in economy, management and engineering, he has been tasked with organizing the G20 in Saudi Arabia, the world’s premier economic event that brings together the leaders of the globe’s top economies.

Toonsi has been an adviser at the Royal Court since December 2018. His appointment as secretary-general did not come out of the blue, but it is based on his experience in overseeing the implementation of various initiatives and programs that are part of the Kingdom’s Vision 2030.

In 2011, he graduated with a bachelor’s in production engineering and mechanical systems design from the College of Engineering at King Abdul Aziz University. He then earned a master’s degree in international business management from London’s prestigious King’s College. He obtained a doctorate in financial economics and corporate governance from the same university in 2008.

Toonsi has presented several researches and studies on global governance. One tackled global governance in wake of the 2011 financial crisis and another in 2010 covered the application of governance systems in companies operating in the Middle East and North Africa. Toonsi has participated in numerous seminars and scientific conferences, including one on governance solutions held in the United States in 2014.

Toonsi has been the secretary-general of the Strategic Management Office of Vision 2030 and the secretary-general of the boards of directors for megaprojects which have been launched by the Kingdom’s Public Investment Fund: Qiddiya, Neom, AMAALA and the Red Sea Project.

From 2013 to 2015, Toonsi worked at the Saudi Crown Prince’s diwan as an advisor on governance in tackling affairs at councils and committees. He has been active in contributing to the development of projects chaired by Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, the MiSK Foundation and Ministry of Defense.

Toonsi’s work has not been limited to Saudi Arabia, but he has been involved as manager on international corporate governance projects in Egypt, the United Arab Emirates and Qatar.

Toonsi was the first to reveal Crown Prince Mohammed’s idea to develop a logo for Saudi Arabia’s presidency of the G20.

In February, he revealed that the general secretariat of the G20 had approached various global companies for the design and many proposals were rejected. He said that he then met with the Crown Prince to discuss what feature really represents Saudi Arabia and the idea to host a local competition in Saudi Arabia to come up with the design was born.

Ultimately, a design presented by Saudi Mohammed al-Hawas won and is now the G20 2020 logo. The logo features the al-Sadu, or an embroidery form common in the Arabian Peninsula.

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Sports

Sports Investment Forum Allocates Third Day to Women's Empowerment to Promote Sustainable Investment in Women’s Sports

Sports Investment Forum Allocates Third Day to Women's Empowerment to Promote Sustainable Investment in Women’s Sports
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Sports Investment Forum Allocates Third Day to Women's Empowerment to Promote Sustainable Investment in Women’s Sports

Sports Investment Forum Allocates Third Day to Women's Empowerment to Promote Sustainable Investment in Women’s Sports

The Sports Investment Forum announced that the third day of its 2026 edition will be dedicated to empowering women in the sports sector, in partnership with Princess Nourah bint Abdulrahman University. The move reflects the forum’s commitment to supporting the objectives of Saudi Vision 2030 and enhancing the role of women in the sports industry and sports investment.

This allocation comes as part of the forum’s program, scheduled to take place from April 20 to 22, at The Ritz-Carlton, Riyadh. The third day will feature a series of strategic sessions and specialized workshops focused on sustainable investment in women’s sports, the empowerment of female leadership, the development of inclusive sports cities, and support for research and studies in women’s sports, SPA reported.

Forum organizers emphasized that the partnership with Princess Nourah bint Abdulrahman University, recognized as the largest women’s university in the world, represents a model of integration between the academic and investment sectors. The partnership contributes to building a sustainable knowledge base that supports the growth of women’s sports and enhances investment opportunities at both local and international levels.

The dedicated day will address several strategic themes, including sustainable investment in women’s leagues and events, boosting scalable business models, empowering female leaders within federations, clubs, and sports institutions, and developing inclusive sports cities that ensure women’s participation in line with the highest international standards. It will also include the launch of research initiatives and academic partnerships to support future policies and strategies for the sector.

This approach aims to transform women’s empowerment in sports from a social framework into a sustainable investment and development pathway that enhances women’s contributions to the sports economy and reinforces Saudi Arabia’s position as a leading regional hub for advancing women’s sports.

The day is expected to attract prominent female leaders, decision-makers, investors, and local and international experts, in addition to the signing of several memoranda of understanding and joint initiatives supporting women’s empowerment in the sports sector.

The Sports Investment Forum reiterated that empowering women is a strategic pillar in developing the national sports ecosystem, contributing to economic growth objectives, enhancing quality of life, and building a more inclusive and sustainable sports community.

Business

US Stocks Fall as Iran Angst Lifts Oil Prices

A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 6, 2022. REUTERS/Brendan McDermid
A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 6, 2022. REUTERS/Brendan McDermid
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US Stocks Fall as Iran Angst Lifts Oil Prices

A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 6, 2022. REUTERS/Brendan McDermid
A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 6, 2022. REUTERS/Brendan McDermid

Wall Street stocks retreated early Thursday as worries over US-Iran tensions lifted oil prices while markets digested mixed results from Walmart.

US oil futures rose to a six-month high as Iran's atomic energy chief Mohammad Eslami said no country can deprive the Islamic republic of its right to nuclear enrichment, after US President Donald Trump again hinted at military action following talks in Geneva.

"We'd call this an undercurrent of concern that is bubbling up in oil prices," Briefing.com analyst Patrick O'Hare said of the "geopolitical angst."

About 10 minutes into trading, the Dow Jones Industrial Average was down 0.6 percent at 49,379.46, AFP reported.

The broad-based S&P 500 fell 0.5 percent to 6,849.35, while the tech-rich Nasdaq Composite Index declined 0.6 percent to 22,621.38.

Among individual companies, Walmart rose 1.7 percent after reporting solid results but offering forecasts that missed analyst expectations.

Shares of the retail giant initially fell, but pushed higher after Walmart executives talked up artificial intelligence investments on a conference call with analysts.

The US trade deficit in goods expanded to a new record in 2025, government data showed, despite sweeping tariffs that Trump imposed during his first year back in the White House.

World

Türkiye Says Greece-Chevron Activity off Crete Unlawful 

A Chevron gas station sign is pictured at one of their retain gas stations in Cardiff, California October 9, 2013. REUTERS/Mike Blake/File Photo
A Chevron gas station sign is pictured at one of their retain gas stations in Cardiff, California October 9, 2013. REUTERS/Mike Blake/File Photo
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Türkiye Says Greece-Chevron Activity off Crete Unlawful 

A Chevron gas station sign is pictured at one of their retain gas stations in Cardiff, California October 9, 2013. REUTERS/Mike Blake/File Photo
A Chevron gas station sign is pictured at one of their retain gas stations in Cardiff, California October 9, 2013. REUTERS/Mike Blake/File Photo

Türkiye said on Thursday it opposed Greece's "unilateral activities" in energy fields south of Crete with a consortium led by US major Chevron as a violation of international law and good neighbourly relations.

Athens responded that its policies abide international law.

The Chevron-led consortium signed exclusive lease agreements on Monday to look for natural gas off southern Greece, expanding US presence in the eastern Mediterranean.

"We oppose this unlawful activity, which is being attempted in violation of the 2019 Memorandum of Understanding on Maritime Jurisdiction between Libya and our country," the Turkish Defense Ministry said at a press briefing.

It said the activity, while not directly impacting Türkiye's continental shelf, also violated Libya's maritime jurisdiction that was declared to the United Nations in May last year.

"We continue to provide the necessary support to the Libyan authorities to take action against these unilateral and unlawful activities by Greece," the ministry said.

A 2019 agreement signed by Türkiye and Libya set out maritime boundaries in the Mediterranean Sea. It was rejected by Greece as it ignored the presence of the Greek island of Crete between the coasts of Türkiye and Libya. The Chevron deal doubles the amount of Greek maritime acreage available for exploration and is the second in months involving a US energy major, as the European Union seeks to phase out supplies from Russia and the US seeks to replace them.

Asked about the Turkish objections later on Thursday, Greek government spokesman Pavlos Marinakis told a press briefing that Athens followed an "active policy" and "exercises its rights in accordance with international law and respects international law steadfastly - and I think no one questions that, period."

There was no immediate comment from Chevron.

Neighbors and NATO members Türkiye and Greece have been at odds over a range of issues for decades, primarily maritime boundaries and rights in the Aegean, an area widely believed to hold energy resources and with key implications for airspace and military activity.

A 2023 declaration on friendly relations prompted a thaw between the sides and leaders have voiced a desire to address remaining issues.