A futuristic video featuring the disruptive powers of technology with Muhammed Ibn Battuta, the Moroccan scholar who travelled the medieval world, and Albert Einstein talking about a changing world and embracing change, welcomed more than 3,000 people from across the globe at Saudi Arabia’s three-day Future Investment Initiative summit in Riyadh this past week.
“Come with us the future is happening”, “We’re all in this together” are some of the clip’s messages that echo the forward-looking "can do" attitude of 32-year-old crown prince Mohammad bin Salman.
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Future Investment Initiative summit opens in Saudi Arabia - in pictures
Saudi's PIF targets US$2 trillion worth of assets by 2030
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In the lobby of the palatial Ritz Carlton hotel and adjacent convention centre, people could be excused for thinking they were at the annual World Economic Forum in Davos or an event in Washington DC. Hundreds of women engaged in discussion with other guests. Outside one plenary session, amused visitors stopped to interact with a robot, while others sought help from a digital concierge. Some event organisers dressed in traditional garb held country flags offering to help those who spoke Spanish, German, Russian among other languages.
Attendees included Sir Richard Branson, the founder of the Virgin Group, Ariana Huffington, the co-founder of Huffington Post, Mohammed El Erian, the chief economic adviser at Allianz and the former chief executive of Pimco, Tom Barrack, the founder and the chairman of Colony Capital, and Christine Lagarde the managing director of the IMF.
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Exclusive: Branson is bullish about economic prospects of Saudi Arabia
Saudi Arabia becomes first country to grant robot citizenship
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At a welcome gala dinner on day one of the event, dozens of people leaped to take selfies with the enigmatic prince Mohammed - public light-hearted courting no other royal of his stature had ever engaged in. His proactive nature, outward outlook and desire to chip away at bureaucracy and any notion of reclusiveness that may have characterised the country decades earlier, is real and tangible.
Earlier in the day, prince Mohammed took to the stage for a panel discussion dubbed "The Pulse of Change" that included the Japanese billionaire Masayoshi Son, who convinced the kingdom to invest US$45 billion in his technology fund. Mr Son, who once nearly went bankrupt, is the richest man in Japan and has a record rate of return on his investments averaging 44 per cent over 18 years.
In the context of a discussion about a $500bn futuristic mega-project in the Red Sea called NEOM that will extend to Jordan and Egypt, Mr Son emphasised the importance of the project and how technology was key.
“We have to create the next century city so we can expand and extend the wealth … we can make it happen with technology,” Mr Son told delegates. “I don’t know why God keeps on giving to this kingdom: oil; sun; and sunshine,” he added, as the audience erupted in laughter. “We are planning the cities of tomorrow with the newest technology,” he added.
The 26,500 square kilometre NEOM zone, which will include nine specialised sectors and integrate the latest technology, will be funded by the Saudi sovereign wealth fund, the Public Investment Fund (PIF), in addition to local and international investors.
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PIF is the engine of growth that is helping to fuel change in the kingdom. The fund, which currently has $230bn in assets, has entered into strategic partnerships and is diversifying its investments beyond conventional sectors with the aim of generating returns, nurturing a manufacturing base in the kingdom and creating jobs for 70 per cent of Saudis who are under the age of 30. The fund agreed to invest around US$1 billion in Virgin Galactic, British billionaire businessman Richard Branson’s spaceship company and small satellite launcher Virgin Orbit.
“All the success factors are there to create something big in Saudi Arabia,” prince Mohammed told the gathered audience. The location of NEOM is enough to create any amount of energy. Only 3 per cent of Saudi Arabia can provide 50 per cent of the world’s electricity, Mr Son pointed out.
It is a “place for dreamers that want to create something new in the world”, prince Mohammed said.
“It’s easy to dream, to make it a reality is different,” he acknowledged before adding, “this is the challenge, we will pass this challenge we will overcome it.”
The distance learning plan
Spring break will be from March 8 - 19
Public school pupils will undergo distance learning from March 22 - April 2. School hours will be 8.30am to 1.30pm
Staff will be trained in distance learning programmes from March 15 - 19
Teaching hours will be 8am to 2pm during distance learning
Pupils will return to school for normal lessons from April 5
COMPANY%20PROFILE
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Boulder shooting victims
• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65
Company%20Profile
%3Cp%3ECompany%20name%3A%20EduPloyment%3Cbr%3EDate%20started%3A%20March%202020%3Cbr%3ECo-Founders%3A%20Mazen%20Omair%20and%20Rana%20Batterjee%3Cbr%3EBase%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Recruitment%3Cbr%3ESize%3A%2030%20employees%3Cbr%3EInvestment%20stage%3A%20Pre-Seed%3Cbr%3EInvestors%3A%20Angel%20investors%20(investment%20amount%20undisclosed)%3C%2Fp%3E%0A
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
World Cup warm up matches
May 24 Pakistan v Afghanistan, Bristol; Sri Lanka v South Africa, Cardiff
May 25 England v Australia, Southampton; India v New Zealand, The Oval
May 26 South Africa v West Indies, Bristol; Pakistan v Bangladesh, Cardiff
May 27 Australia v Sri Lanka, Southampton; England v Afghanistan, The Oval
May 28 West Indies v New Zealand, Bristol; Bangladesh v India, Cardiff
Common OCD symptoms and how they manifest
Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.
Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.
Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.
Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.
Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.
Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia
MATCH INFO
Inter Milan 1 (Martinez 18' pen)
Juventus 2 (Dybala 4', Higuain 80')
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E660hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C100Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488km-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh850%2C000%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOctober%3C%2Fp%3E%0A
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
John%20Wick%3A%20Chapter%204
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Chad%20Stahelski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Keanu%20Reeves%2C%20Laurence%20Fishburne%2C%20George%20Georgiou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
UAE%20set%20for%20Scotland%20series
%3Cp%3EThe%20UAE%20will%20host%20Scotland%20for%20a%20three-match%20T20I%20series%20at%20the%20Dubai%20International%20Stadium%20next%20month.%3Cbr%3EThe%20two%20sides%20will%20start%20their%20Cricket%20World%20Cup%20League%202%20campaigns%20with%20a%20tri-series%20also%20involving%20Canada%2C%20starting%20on%20January%2029.%3Cbr%3EThat%20series%20will%20be%20followed%20by%20a%20bilateral%20T20%20series%20on%20March%2011%2C%2013%20and%2014.%3C%2Fp%3E%0A
