黑料社区

黑料社区鈥檚 first ever Digital Transformation Forum for Non-Profit Sector launches

Special 黑料社区鈥檚 first ever Digital Transformation Forum for Non-Profit Sector launches
Eastern Province Deputy Gov. Prince Saud bin Bandar inaugurates the first Digital Transformation Forum for the Non-Profit Sector. AN
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Updated 23 October 2024

黑料社区鈥檚 first ever Digital Transformation Forum for Non-Profit Sector launches

黑料社区鈥檚 first ever Digital Transformation Forum for Non-Profit Sector launches
  • Forum featured 31 individual booths, showcasing the digital achievements of various local and Kingdom-wide organizations
  • The winners of the top three hackathon teams were set to receive cash prizes totaling SR100,000

DAMMAM: Student hackers, robots and international visitors came together for 黑料社区鈥檚 first ever Digital Transformation Forum for the Non-Profit Sector in Dammam.

Eastern Province Deputy Gov. Prince Saud bin Bandar inaugurated the event, which began in Dhahran Expo center on Oct, 23.

With a robot greeting guests as they entered the vast exhibition space, the two-day event was packed full of innovative ideas in the non-profit sector.

The forum featured 31 individual booths, showcasing the digital achievements of various local and Kingdom-wide organizations.聽

The event鈥檚 agenda included about a dozen workshops, six panels, and eight advisory labs, with over 50 speakers in total and hundreds of networking sessions.

At the back of the space were 11 teams ready to take part in the digital hackathon activation, which required them to solve a problem or issue plaguing the non-profit sector.

The winners of the top three hackathon teams were set to receive cash prizes totaling SR100,000 ($26,664).

The event was organized by local Ertiqa Association, in collaboration with the Council of Civil Societies and strategic partners such as the Ministry of Communications and Information Technology and the National Center for the Development of the Non-Profit Sector.




A warm welcome from a digital friend. AN

CEO of Ertiqa Omar Al-Shaibani and Ali Al-Humimeidy 鈥 a representative of the Ministry of Communications and Information Technology 鈥 gave Public Affairs Officer at the US Consulate Dhahran, Caroline Platt, a tour of the space.

鈥淎ttending this groundbreaking forum in the Kingdom provided an excellent opportunity to strengthen the consulate鈥檚 relationships with local NGOs and key stakeholders in the digital transformation space, such as Ertiqa,鈥 Platt told Arab News.

The official held discussions with leaders from the nonprofit sector, including the Civil Society Council, Hewar Corner and Awqaf, as well as with the students participating in the hackathon.

鈥淚 was truly impressed by the organization and professionalism displayed throughout the event. Our visit underscores our commitment to innovation and collaboration, aligning our objectives with local initiatives and identifying potential partnership opportunities to enhance our support in the region,鈥 Platt added.

Arab News also spoke to the head of projects and leader of the volunteers at Ertiqa, Shaima Al-Anazi, about the non-profit鈥檚 decade-long initiative that has turned it into one of the shining success stories out of the region, and one of the main organizers of the event.

鈥淲e are at the forefront of the initiatives from Al-Fozan for community service, a specialized charity that focuses on refurbishing computers,鈥 she told Arab News.

聽鈥淭his association is dedicated to collecting old devices from individuals, government entities and private companies across the Kingdom,鈥 she added.

Over the last decade, 88,928 computers have been jolted back to life, along with 62,875 printers and scanners, via their pilot program.

Customers can send their unwanted devices into the organization鈥檚 Dammam office, and Ertiqa also collaborates with local electronics shop eXtra to help support them in the refurbishment process.

If found usable, the devices are wiped clean using a globally-recognized software called Blancco, then redistributed to charity and educational organizations.

The devices that they find to be faulty during inspection go through a different process where the raw materials are extracted and are then safely deposited.

鈥淚t protects the environment from electronic waste and carbon emissions,鈥 Al-Anazi added.

鈥淲e believe that technology is a key factor in the success of organizations and we want to increase awareness in the non-profit sector鈥攁s we are one of the leading organizations in this field,鈥 she said.


黑料社区 to open region鈥檚 first cultural university in 2026

黑料社区 to open region鈥檚 first cultural university in 2026
Updated 50 min 49 sec ago

黑料社区 to open region鈥檚 first cultural university in 2026

黑料社区 to open region鈥檚 first cultural university in 2026

RIYADH: 黑料社区 will establish the Middle East and North Africa鈥檚 first cultural university as it steps up investment in its creative economy. 

Minister of Culture Prince Badr bin Abdullah Al-Saud unveiled the Riyadh University of Arts at the Cultural Investment Conference, saying the institution will begin operations in 2026. The university will focus on practice-based learning and global academic partnerships, with scholarships available to support emerging talents. 

The initiative is part of 黑料社区鈥檚 broader efforts to nurture the cultural and creative industries in line with Vision 2030.

On its official X handle, the ministry stated: 鈥淒uring his speech at the Cultural Investment Conference 2025, HH Badr bin Abdullah Al-Saud, Minister of Culture, announced the launch of Riyadh University of Arts, the first cultural university in the Middle East and North Africa.鈥  

 

 

The post added: 鈥淩UA aims to champion creative learning with a teaching philosophy grounded in practice and project-based learning, and partnerships with internationally renowned academic partners in the various cultural disciplines.鈥    

The university鈥檚 vision is 鈥渢o be the inspiring beacon of knowledge for future generations, integrating culture and arts, empowering students to discover passions and develop talents, fostering creativity and cultural exchange.鈥  

According to the post, the university's mission is to 鈥渃ultivate an innovative educational environment in culture and arts, delivering cutting-edge programs that foster cultural and artistic engagement, enriching both the Saudi and global communities.鈥  

RUA鈥檚 campus in Irqah district will host 13 colleges across disciplines such as film, music, cultural management, visual arts and photography, culinary arts, heritage studies, and more.   

The first batch of academic programs will be launched under three colleges: the College of Theater and Performing Arts, the College of Music, and the College of Film. These will operate in collaboration with international cultural education institutions.  

The university will offer a wide range of academic credentials, including diplomas, bachelor鈥檚 degrees, master鈥檚 degrees, postgraduate diplomas, PhDs, and short courses. 

The launch reflects the Kingdom鈥檚 broader momentum in the cultural sector, which in 2024 attracted nearly 288,000 visitors to heritage-related events. Major attractions included the International Festival of Traditional Games in Riyadh, which drew more than 108,000 participants, and World Heritage Day, which welcomed over 54,000 visitors.

Other initiatives such as the Diriyah-based Dirb Zubaida program, heritage village experiences, and traditional arts festivals, underscore the growing appetite for cultural and heritage activities.

These developments highlight the sector鈥檚 expanding role in promoting cultural awareness, safeguarding heritage, and advancing 黑料社区鈥檚 Vision 2030 goals of building a vibrant society rooted in cultural identity.


Pakistan buys 80,000 tons sugar, seeks 100,000 tons more

Pakistan buys 80,000 tons sugar, seeks 100,000 tons more
Updated 29 September 2025

Pakistan buys 80,000 tons sugar, seeks 100,000 tons more

Pakistan buys 80,000 tons sugar, seeks 100,000 tons more
  • Trading Corporation buys 80,000 tons white sugar as part of plan to import 500,000 tons to curb soaring domestic prices
  • New tender issued for an additional 100,000 tons, with offers due by Oct. 6 and shipments sought around Nov. 15

HAMBURG: Pakistan鈥檚 state agency the Trading Corporation of Pakistan (TCP) issued a tender to purchase 100,000 metric tons of white refined sugar and is believed to have bought 80,000 tons in a tender that closed last week, European traders said on Monday.

The deadline for price offers in the new international tender is October 6, with sugar arrival in Pakistan sought around November 15.

Traders said that following continued price negotiations in its previous tender reported on September 23, the TCP bought about 50,000 tons of fine grade sugar at and estimated $530 a ton cost and freight included (C&F) from ED&F Man and about 30,000 tons of medium grade from Al Khaleej Sugar at an estimated $568 a ton C&F.

Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.

The tender continued a series of purchases after Pakistan鈥檚 government approved plans to import 500,000 tons of sugar to help maintain price stability after retail sugar prices in the country rose sharply.


Saudi culture sector seeing 50,000 investors, says minister Al-Falih聽

Saudi culture sector seeing 50,000 investors, says minister Al-Falih聽
Updated 29 September 2025

Saudi culture sector seeing 50,000 investors, says minister Al-Falih聽

Saudi culture sector seeing 50,000 investors, says minister Al-Falih聽

RIYADH: 黑料社区鈥檚 push to become a global cultural hub is accelerating, with the Kingdom now home to over 50,000 investors and having attracted nearly half a billion dollars in foreign investment. 

The capital is being injected specifically into the burgeoning culture and entertainment sector, Minister of Investment Khalid Al-Falih revealed at the inaugural Cultural Investment Conference in Riyadh. 

During the conference鈥檚 first panel, which was moderated by Arab News鈥 Editor-in-Chief Faisal J. Abbas, the minister detailed the rapid growth of the cultural economy. 

鈥淚 can tell you from nothing 鈥 six, seven years ago 鈥 we have today over $500 million, SR1.8 billion ($480 million) in foreign investments in culture as of last year, so it is accelerating as we go, growing at double digit,鈥 he stated. 

He further specified that a significant portion of this investment is coming from abroad, noting: 鈥淚鈥檓 happy to say that we have 1,700 international investors that are investing in culture, creative, arts, events, entertainment, and all of the things that we classify under this very broad definition of culture.鈥 

The two-day Cultural Investment Conference will feature over 38 panel discussions. AN

The conference, organized by the Ministry of Culture and held at the King Fahd Cultural Center, drew a global audience of investors, cultural leaders, and decision-makers. The event aims to position the Kingdom as a leading destination for cultural investment, a key pillar of its Saudi Vision 2030 economic diversification plan.  

Minister Al-Falih framed the cultural investment as essential to the nation鈥檚 identity and appeal. 鈥淚f you don鈥檛 have a soul as a country and as a society, you鈥檙e a no country. Nobody will want to come and visit,鈥 he said, adding that 鈥淩iyadh and the Kingdom has become a cultural hub,鈥 with the upcoming Riyadh Season event as a prime example. 

This drive is a core component of Saudi Vision 2030鈥檚 Quality of Life Program, which aims to enhance cultural offerings, entertainment, and overall livability for citizens and residents. 

Echoing this sentiment, Faisal Alibrahim, 黑料社区鈥檚 minister of economy and planning, emphasized the strategic priority of the sector.

鈥淔or the Kingdom of 黑料社区, this is pivotal for the first wave of economic diversification that we witnessed,鈥 Alibrahim said. 

He revealed that the cultural sector already employs approximately 235,000 people, with the target being to triple the sector鈥檚 contribution to the economy by 2030, driven significantly by exports. 

Both ministers outlined a collaborative model for growth. Al-Falih described a focused approach to creating a triangle between investment by investors, government support, and government direct investment in the sector, along with the third category, civil society.  

He noted that the Ministry of Investment has already developed 40 specific investment opportunities in the sector, which are listed on the Invest Saudi platform. 

Minister Alibrahim highlighted that in the formative years of Vision 2030, spending on culture was 鈥渆qually as important as, and maybe even more important than鈥 traditional budget items. 

He went on to link cultural development to the Kingdom鈥檚 global reputation, saying: 鈥淧eople remember generosity, and today are seeing an increase in the quality of the user experience when you interact with the Kingdom.鈥 

The minister highlighted the culture sector鈥檚 need for entrepreneurs, not only large corporations. Using South Korea as a model, he explained how its rapid diversification led to a boom in cultural exports, a form of soft power that even inspired Saudis to learn the language. 

Bank of Korea data shows that the country鈥檚 intellectual property exports, which includes music, films, and games, more than tripled over the last decade to reach $9.85 billion in 2024. 

The two-day Cultural Investment Conference, featuring over 38 panel discussions, marks a significant step in 黑料社区鈥檚 strategy to empower its cultural sector as a dynamic economic engine and strengthen its cultural presence on the world stage. 


Inaugural Cultural Investment Conference opens in Riyadh

Inaugural Cultural Investment Conference opens in Riyadh
Updated 29 September 2025

Inaugural Cultural Investment Conference opens in Riyadh

Inaugural Cultural Investment Conference opens in Riyadh
  • Around 235,000 people are currently employed in the Kingdom鈥檚 cultural sector

RIYADH: The inaugural Cultural Investment Conference opens in Riyadh, with multisectoral representatives from arts practitioners, government officials, investors to diplomats gathering for high-level discussions on culture as a strategic investment.

The two-day event, held under the patronage of Crown Prince Mohammed bin Salman, 鈥渆xplores bold financing models, strategic partnerships, and the evolving role of cultural capital in driving economic growth, national identity, and global influence,鈥 according to the conference website.

Among the key themes to be discussed include new investment opportunities, emerging markets and untapped sectors in the cultural economy, the RoI of culture, financing the future of culture, artificial intelligence and culture, boosting investor confidence and creative entrepreneurship.

Saudi Minister of Culture Prince Badr bin Farhan gives his opening speech. (Abdulrahman Fahad Bin Shulhub/AN)
Saudi Minister of Culture Prince Badr bin Farhan gives his opening speech. (Abdulrahman Fahad Bin Shulhub/AN)
The inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
The inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
The inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
The inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
The inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
The inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
The inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
The inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
Saudi Investment Minister Khalid bin Abdulaziz Al-Falih, center, and Faisal Ali F. Ibrahim, Saudi Minister of Economy and Planning, right, in a high-level discussion with Arab News Editor-in-Chief Faisal J. Abbas. (Abdulrahman Fahad Bin Shulhub/AN)
Saudi Investment Minister Khalid bin Abdulaziz Al-Falih, center, and Faisal Ali F. Ibrahim, Saudi Minister of Economy and Planning, right, in a high-level discussion with Arab News Editor-in-Chief Faisal J. Abbas. (Abdulrahman Fahad Bin Shulhub/AN)
Hamed bin Mohammed Fayez, 黑料社区鈥檚 Vice Minister of Culture, gives his remarks during a high-level session at the inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
Hamed bin Mohammed Fayez, 黑料社区鈥檚 Vice Minister of Culture, gives his remarks during a high-level session at the inaugural Cultural Investment Conference opens in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
From left: Faisal J. Abbas, Arab News Editor-in-Chief, Hamed bin Mohammed Fayez, 黑料社区鈥檚 Vice Minister of Culture, Shaikha Mai bin Mohammed Al-Khalifa, Founder and Chairperson, Board of Trustees, Shaikh Ebrahim Center for Culture and Research and Dr. Andreas Gorgen, Ambassador for Multilateral Cooperation during a session at the inaugural Cultural Investment Conference in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)
From left: Faisal J. Abbas, Arab News Editor-in-Chief, Hamed bin Mohammed Fayez, 黑料社区鈥檚 Vice Minister of Culture, Shaikha Mai bin Mohammed Al-Khalifa, Founder and Chairperson, Board of Trustees, Shaikh Ebrahim Center for Culture and Research and Dr. Andreas Gorgen, Ambassador for Multilateral Cooperation during a session at the inaugural Cultural Investment Conference in Riyadh. (Abdulrahman Fahad Bin Shulhub/AN)

Saudi Investment Minister Khalid bin Abdulaziz Al-Falih, during the opening high-level session, said that the Kingdom today hosts over 50,000 investors, both local and international.

Around 1,700 international investors are engaged in the Kingdom鈥檚 culture sector, including creative industries, arts, events, and entertainment, he said.

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Foreign investments in culture have surged from virtually nothing six or seven years ago to over $500 million (SR1.8 billion) as of last year, growing at double-digit rates, the investment minister added.

Faisal Ali F. Ibrahim, the Saudi Minister of Economy and Planning, meanwhile said that around 235,000 people are currently employed in the Kingdom鈥檚 cultural sector.

 

 

He added that the target is to triple the culture sector鈥檚 contribution to GDP by 2030.

Meanwhile Hamed bin Mohammed Fayez, 黑料社区鈥檚 Vice Minister of Culture, in a separate session, said that cultural tourism alone accounts for 40 percent of global tourism revenue and has proven to be one of the most resilient sectors after COVID-19.


IMF, Pakistan kick off discussions as lender reviews $8.4 billion loan programs聽

IMF, Pakistan kick off discussions as lender reviews $8.4 billion loan programs聽
Updated 29 September 2025

IMF, Pakistan kick off discussions as lender reviews $8.4 billion loan programs聽

IMF, Pakistan kick off discussions as lender reviews $8.4 billion loan programs聽
  • IMF mission arrived in Pakistan last week to hold separate reviews of $7 billion and $1.4 billion loan programs聽
  • Discussions take place as Pakistan eyes concessions in program targets from IMF following devastating floods聽

KARACHI: A visiting International Monetary Fund (IMF) mission kicked off talks with Pakistani officials on Monday as it holds the second review of its $7 billion External Fund Facility (EFF) and first review of the $1.4 billion Resilience and Sustainability Facility (RSF) loan programs for the country, the lender confirmed. 

The IMF mission arrived in Pakistan on Sept. 25 to conduct the reviews. The global lender approved a $7 billion bailout package for Pakistan under its EFF program in September 2024 while in May, it approved a separate $1.4 billion loan for Pakistan as a climate resilience fund. The RSF will support Pakistan鈥檚 efforts in building economic resilience to climate vulnerabilities and natural disasters. 

鈥淔ederal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chairing the kick-off meeting with the visiting IMF Review Mission at the Finance Division today,鈥 the IMF said in a statement, sharing pictures of the meeting between the two sides. 

The discussion takes place as Pakistan seeks concessions in its program targets following devastating floods that killed over 130 in its eastern Punjab province since late August, impacted over 4.5 million people and destroyed large swathes of crops. The devastation has spiked food prices in many parts of the country, with experts warning of food shortages due to supply chain disruptions. 

Prime Minister Shehbaz Sharif met the fund鈥檚 Managing Director Kristalina Georgieva in New York last week on the sidelines of the ongoing United Nations鈥 General Assembly session. During the meeting, Sharif spoke about Pakistan鈥檚 progress in fulfilling the IMF program targets but also demanded that the impact of recent floods on Pakistan鈥檚 economy 鈥渕ust be factored into the IMF鈥檚 review,鈥

Islamabad has so far received more than $2 billion under the EFF and is expecting a third tranche of $1 billion after the second review concludes successfully.

IMF鈥檚 bailout packages have proven instrumental in keeping Pakistan鈥檚 fragile $350 billion economy afloat, as the country grapples with tough economic conditions that have triggered a balance of payments crisis and weakened its national currency. 

Pakistan has undertaken painful measures in the past, such as removing subsidies that have resulted in higher food and fuel prices, spiking inflation in the country. Pakistani financial experts told Arab News last week they expected the global lender to grant Islamabad concessions as far as its program targets were concerned, in light of the damages inflicted by the recent floods. 

 鈥淲e are expecting Pakistan to get a little breather due to the floods,鈥 economist Sana Tawfik said last week, adding that Islamabad would comfortably meet the international lender鈥檚 targets. 

Shankar Talreja, head of research at brokerage firm Topline Securities Ltd., said the current review will focus on continuing the IMF鈥檚 reforms under revised parameters due to the floods. He said the government is expected to keep pushing for privatization of state-owned enterprises and clearing its old backlog of circular debt.
 
鈥淭he concessions are likely in form of some downward revisions in FBR (Federal Board of Revenue) tax revenue, upward revision in fiscal balance over relief spending and there might a downward adjustment in GDP growth target as well,鈥 Talreja said.