Saudi, US officials discuss investment opportunities

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US business executives participate in an event discussion organized by the US-Saudi Arabian Business Council (USSABC) in Washington on May 9, 2019. (USSABC via Twitter)
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Majed Alonazi of the Saudi Technology Development and Investment Company (TAQNIA) and Charles Hallab of the Mayer Brown law firm led the roundtable discussion in Washington on May 9, 2019. (USSABC via Twitter)
Updated 11 May 2019
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Saudi, US officials discuss investment opportunities

WASHINGTON: The US-Saudi Arabian Business Council (USSABC) held a roundtable discussion in Washington on Wednesday, to discuss investment opportunities in Saudi Arabia.

The event was hosted by the legal firm Mayer-Brown and the Saudi Technology Development and Investment Co. (TAQNIA).

More than 30 US companies participated in the roundtable, including specialists in defense, security, cybersecurity, space, renewable energy and health care.

The roundtable is just one of the many annual activities that the USSABC hosts in Saudi Arabia and America to promote partnerships between businesses from the two countries.


Houthis targetted civilian facility in Najran with an explosives-laden drone, says Arab Coalition

Updated 21 May 2019
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Houthis targetted civilian facility in Najran with an explosives-laden drone, says Arab Coalition

  • Houthis also fired two ballistic missiles toward the holy city of Makkah and Jeddah on Monday

RIYADH: Houthi militants had tried to hit a civilian facility in Saudi Arabia's southern border province of Najran with a drone carrying explosives, the Arab Coalition supporting Yemen's legitimate government said on Tuesday.
In a statement carried by the Saudi Press Agency (SPA), Colonel Turki Al-Maliki, the spokesman of the Saudi-led military coalition said the target was a vital facility.
"The Houthi-backed terrorist militia of Iran continues to carry out acts of terrorism that pose a real threat to regional and international security by targeting civilian objects and civilian facilities, as well as civilian citizens and residents of all nationalities," Al-Maliki said.

The statement did not mention casualties and gave no further details.

Earlier on Monday, Al-Maliki said Houthis fired two ballistic missiles toward the holy city of Makkah and Jeddah but both were shot down by Saudi air defense forces.

The Iran-backed Houthis have fired dozens of missiles at targets in Saudi Arabia, including the capital Riyadh, since the Arab Coalition intervened in 2015 to restore the government of President Abed Rabbo Mansour Hadi, which was ousted in a Houthi coup.