Royal Commission for Al-Ula launches ‘rock naming’ competition with SR100,000 top prize

The Royal Commission for Al-Ula has launched a ‘rock naming’ competition with a SR100,000 top prize. (Royal Commission for Al-Ula/rca.gov.sa)
Updated 13 September 2018
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Royal Commission for Al-Ula launches ‘rock naming’ competition with SR100,000 top prize

  • The commission said it hopes the competition will “take participants to the heart of the Al-Ula”
  • Participants should take a photo of a unique rock formation in Al-Ula and suggest a name for it

LONDON: The Royal Commission for Al-Ula has launched a new competition — called “Name A Rock” — in which people have been asked to give names to rock formations within the governorate.
In a statement, the commission said it hopes the competition will “take participants to the heart of the Al-Ula” and enable them to “explore the unique and awe-inspiring rock formations that characterize the province to introduce them to the world.”
Participants should take a photo of a unique rock formation in Al-Ula and suggest a name for it. In addition, participants should provide the reason behind the naming and locate the rock on the map.

Registration closes in two months, nominations will be taken in November for voting until December, after which judges will evaluate the entries before three winners are announced and cash prizes will be awarded — with first place scooping SR100,000
Al-Ula province is home to several archaeological treasures, which includes Madain Saleh, which became Saudi Arabia’s first UNESCO World Heritage Site in 2008.
Home to dramatic desert landscapes, spectacular rock formations and some of the Middle East’s most significant ancient sites including those built by Lihyanite and Nabataean civilizations of the first millennium BC and beyond, historic Al-Ula is described as a wonder of the ancient Arabian world.
Registration can be found here.

 


Financial Sector Conference kicks off Wednesday in Riyadh

Updated 3 min 52 sec ago
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Financial Sector Conference kicks off Wednesday in Riyadh

  • Thousands have signed up for the two-day event including ministers and top policy makers

Thousands of delegates are expected to attend a two-day finance event in Riyadh, which starts on Wednesday under the patronage of King Salman.

The Financial Sector Conference is being held by the Ministry of Finance and Saudi Arabian Monetary Authority (SAMA).

Organizers of the event at the Ritz-Carlton conference hall in Riyadh said informally that some 3,400 attendees had signed up for the two-day showcase of the Kingdom’s financial industry, and that more were registering at an impressive rate.

Delegates include ministers from the finance, economy and strategic ministries, as well as top policymakers from capital markets, investment and insurance industries.

It follows last year’s Future Investment Initiative (FII) and the National Industrial Development and Logistics Program events, held at the same venue.

The event will involve the presence of the Saudi Real Estate Refinance Company (SRC), which is seen as a key to providing more affordable housing in the Kingdom and boosting home  ownership by citizens.

SRC, a subsidiary of Saudi Arabia’s sovereign Public Investment Fund, aims to issue up to SR4 billion ($1.07 billion) of long-term sukuk — or Islamic bonds — this year, its chief executive said on Tuesday.

“Our strategy is clearly to tap the market twice this year,” Fabrice Susini said. “We are really looking at probably issuing something between ... 2 and 4 billion riyals that we may be issuing in two tranches.”