عربي English Türkçe اردو فارسى
Logo
Latest News
Gulf

‘Media Oasis’ Spotlights Saudi Mega Projects at G20 Summit

“Media Oasis,” established by the Ministry of Media in a strategic partnership with the NEOM project, encompasses more than 20 projects (SPA)
“Media Oasis,” established by the Ministry of Media in a strategic partnership with the NEOM project, encompasses more than 20 projects (SPA)
TT
TT

‘Media Oasis’ Spotlights Saudi Mega Projects at G20 Summit

“Media Oasis,” established by the Ministry of Media in a strategic partnership with the NEOM project, encompasses more than 20 projects (SPA)
“Media Oasis,” established by the Ministry of Media in a strategic partnership with the NEOM project, encompasses more than 20 projects (SPA)

The Saudi Ministry of Media has unveiled the third edition of the Media Oasis in New Delhi from Sept. 9 to 11, 2023, coinciding with Saudi Arabia's participation in the G20 Leaders' Summit and the official visit of Crown Prince Mohammed Bin Salman to India.

The third edition is considered the first international edition of the Media Oasis to be held outside the Kingdom. It is a testament to Saudi Arabia's leading role in media, culture, and tourism and the significant transformation taking place in the country under Vision 2030.

The Media Oasis is one of the new initiatives launched by the Ministry of Media with the aim of redefining media coverage, utilizing modern technology to achieve more creativity and innovation in covering national events, major occasions, and Saudi Arabia's international engagements.

The Media Oasis, organized in strategic partnership with the NEOM, showcases more than 20 projects in 12 pavilions, presenting the achievements of major transformative projects in Saudi Arabia.

The Ministries of Energy, Sports, Investment, and Culture, the Saudi Data and Artificial Intelligence Authority, the Red Sea Global, the Royal Institute for Traditional Arts, the Future Investment Initiative, and the Government Communication Center are participating in the Media Oasis.

The Oasis features interactive models of Saudi Arabia's major projects, using advanced technologies that allow visitors to explore these initiatives in a unique way.

Visitors can also engage directly with experts to get accurate information and answers to their questions, contributing to a precise understanding of the projects.

It is expected that the Oasis will be visited by more than 2,000 visitors, including officials participating in the G20 Summit, businessmen, and journalists from various countries worldwide and from India.

The Oasis is also hosting more than 50 media outlets and 200 media professionals who have come to cover the G20 Leaders' Summit in India from Sept. 9 to 11, 2023.

Through the Media Oasis, the Ministry aims to provide visitors with a comprehensive experience, allowing them to pass through all the sections of the Oasis, engaging their minds, senses, and emotions, making them feel as if they are visiting these projects and initiatives in person.

It is worth noting that this international edition of the Oasis is the third after two local editions.

The first was held in conjunction with the 32nd Arab Summit in Jeddah on May 18 and 19, 2023, and the second was held in conjunction with the Grand Annual Hajj Symposium from June 20 to 22, 2023.

Most Viewed

 
 
Gulf

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)
TT
TT

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.