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Future Investment Initiative Examines Mechanisms to Reimagine New Global Economy

Participants walk during the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser/File Photo
Participants walk during the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser/File Photo
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Future Investment Initiative Examines Mechanisms to Reimagine New Global Economy

Participants walk during the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser/File Photo
Participants walk during the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser/File Photo

The Future Investment Initiative Institute - one of the largest economic forums in the world organized by Saudi Arabia - revealed that it will discuss the mechanisms of the birth of the new global economy after the exceptional circumstances caused by the outbreak of COVID-19 in 2020.

The Institute announced that it would host this month the Fourth Edition of FII to reimagine the global economy amid the COVID-19 pandemic.

Held on Jan. 27-28 at the King Abdulaziz International Conference Center (KAICC) in Riyadh, the conference will host speakers and audiences, who will join physically and virtually from FII satellites in New York, Paris, Beijing, and Mumbai.

“The 4th edition of FII will see the most innovative technologies to facilitate global conversations and to be inclusive at the benefit of all of humanity,” Richard Attias, CEO of the FII Institute, said.

“The FII Institute will act as a catalyst and a pioneer to allow interaction and exchange of disruptive ideas. There has never been a more important time to bring the greatest minds together to harness this opportunity to reimagine our world,” he added.

For his part, Yasser Al-Rumayyan, Chairman of the FII Board of Directors and Governor of the Public Investment Fund (PIF), said: “It is the most appropriate and important time for leaders, investors, and policymakers to meet in order to work together to revitalize the global economy.”

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Gulf

Saudi Arabia to Host Multinational ‘Spears of Victory 2026’ Military Exercise

The exercise will run from January 18 to February 5. SPA
The exercise will run from January 18 to February 5. SPA
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Saudi Arabia to Host Multinational ‘Spears of Victory 2026’ Military Exercise

The exercise will run from January 18 to February 5. SPA
The exercise will run from January 18 to February 5. SPA

The Spears of Victory 2026 military exercise, led by the Royal Saudi Air Force, is set to begin on Sunday at the Air Warfare Center in the Eastern Region.

The exercise will run from January 18 to February 5, featuring broad regional and international participation and highlighting ongoing efforts to strengthen military cooperation and joint operational integration.

The exercise will integrate branches of Saudi Arabia’s armed forces, the Ministry of National Guard, the Presidency of State Security, and the Unified Military Command of the Gulf Cooperation Council, alongside military forces from several countries.

The exercise aims to enhance combat readiness, foster the exchange of expertise in planning and execution, and unify the concept of joint military action among participating forces. It will focus on addressing current and emerging threats, advancing tactical capabilities, and promoting joint operational strategies.

Participating forces will execute joint and combined tactical operations designed to simulate current and emerging threats and to unify the concept of multi-domain joint air operations in an advanced electronic warfare environment.

The Air Warfare Center is one of the region’s most advanced training facilities, providing a sophisticated environment that simulates real operational conditions and supports the development and evaluation of combat capabilities.

Gulf

Saudi Arabia: King Salman Undergoes Medical Tests

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. SPA
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. SPA
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Saudi Arabia: King Salman Undergoes Medical Tests

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. SPA
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. SPA

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud is undergoing medical tests on Friday at King Faisal Specialist Hospital in Riyadh, the Kingdom's Royal Court said.

“May Allah protect the Custodian of the Two Holy Mosques and grant him continued health and well-being,” the Court added.

Gulf

Saudi Arabia Provides New $90 Million Support to Yemen’s Government Budget

Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen (Photo : X) 
Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen (Photo : X) 
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Saudi Arabia Provides New $90 Million Support to Yemen’s Government Budget

Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen (Photo : X) 
Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen (Photo : X) 

Mohammed Al Jaber, Saudi Arabia’s ambassador to Yemen, announced on Thursday that the Kingdom has provided new financial support to Yemen’s government budget to cover the payment of salaries for state employees, pursuant to directives from the Saudi leadership.

In a post on the social media platform X, Al Jaber said the support comes in addition to the development projects and initiatives announced on Wednesday in several sectors.

These include the provision of petroleum products to operate power plants, aimed at improving the living conditions of the Yemeni people, as well as support for the government’s efforts to implement an economic reform program to achieve financial and economic stability.

The Saudi ambassador also stated that salaries for all military and security forces affiliated with the Supreme Military Committee will be paid by the Saudi-led Coalition to Support Legitimacy in Yemen, starting on Sunday.

Al Jaber noted that these measures are expected to have a significant impact on society and on Yemen’s economy, which he said will receive substantial support from the Kingdom in the coming period.

Meanwhile, Yemeni Prime Minister Salem bin Breik said on Thursday that the new and urgent financial support from Saudi Arabia, totaling $90 million, reflects the Kingdom’s sincere fraternal stance and its continued commitment to supporting the Yemeni people, easing their humanitarian and living hardships, strengthening economic and financial stability, and ensuring the regular payment of salaries, which the government considers its highest priority.

In a statement to the Yemeni News Agency (Saba), bin Breik affirmed that the government, in full coordination with the Central Bank of Yemen, will immediately begin taking the necessary steps to ensure the swift disbursement of salaries to eligible public sector employees through transparent and responsible mechanisms that enhance confidence in financial and monetary institutions.

The prime minister praised Saudi Arabia’s leading role, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman, in supporting constitutional legitimacy and backing government efforts at the political, economic, and humanitarian levels. He said the support reflects the depth of fraternal relations and the shared destiny between the two countries.

Bin Breik added that the government continues to implement its economic and financial reform program, improve the efficiency of public resource management, and work with brotherly nations and international partners to improve economic conditions and restore monetary stability.