Riyadh entertainment spectacular set to be Kingdom’s biggest festival season yet

Updated 10 October 2019

Riyadh entertainment spectacular set to be Kingdom’s biggest festival season yet

  • From world-class football to K-pop, the capital city comes alive with over 100 events and activities

RIYADH: World-class football, K-pop and Saudi Arabia’s largest-ever parade will be among more than 100 events and activities taking place over the next two months during Riyadh Season.
The capital’s festival of fun and entertainment will kick off on Oct. 17 with 1,500 costumed participants taking part in a huge procession. Spectacular firework displays and a Harley-Davidson motorcycle rally along Prince Turki Al-Awal Road are also planned.
General Entertainment Authority Chairman Turki Al-Sheikh on Monday revealed more details about the 12 festival zones and events being staged throughout the city.
South Korean boy band BTS will take to the stage at King Fahd International Stadium on Oct. 11 to perform in the Kingdom for the first time, and the Riyadh stadium will host WWE Crown Jewel on Oct. 31.
In November, Argentina will be aiming to avenge their defeat by Brazil in Jeddah last October, as the Superclasico de las Americas football match returns to Saudi Arabia.
Riyadh Boulevard will screen the latest movie releases at an open-air cinema for one month starting on Oct. 17, and it will also stage a series of concerts by top international and Arab singers. Although the international stars have yet to be announced, the lineup of Arab musicians can be viewed on the festival website.
Visitors can also expect great food served up by a selection of big-name restaurants and will be able to watch hourly displays of the world’s most extravagant dancing fountains that shoot not only water but smoke, fire and lasers.
Meanwhile, the Riyadh Front venue will feature the season’s largest exhibition area, which will play host to a wide range of events including Space Discovery, ComicCon, a Cirque du Soleil show, and a performance of Michael Jackson concert “Thriller Live.”

FASTFACT

• The ambitious 2019 Saudi Seasons initiative, the first of its kind in the region, was launched in February and includes 11 local seasons covering most parts of the Kingdom.

• With more than 20 world-famous restaurants cooking up a storm, including Ferdie, Anis, Kusunoki, Twiga, Tetou, Al-Muraba’s zone will be the place to be for the foodies in a magical garden-lights setting.

With more than 20 world-famous restaurants cooking up a storm, including Ferdi, Anis, Kusunoki, Twiga, Tetou, Kaspia and Dirty French, Al-Muraba’a Zone will be the place to be for foodies in a magical garden-lights setting.
From London to Riyadh, Winter Wonderland in the Saudi capital, which runs from Oct. 20 to Jan. 15 next year, promises to be the biggest yet spread out over 200 square meters. It will include a Real Madrid exhibition, Marvel experience, a Broadway show, illusionists, a skating rink, a Lego wonders of the world display, Luna Cinema, escape hotel, haunted carnival, dynamo show, and xtremers gaming arena.
The ambitious 2019 Saudi Seasons initiative, the first of its kind in the region, was launched in February and includes 11 local seasons covering most parts of the Kingdom. Designed to promote the fledgling entertainment sector and boost tourism, the initiative is attracting some of the biggest names in world entertainment to the Kingdom.


 


Concerns rise over fake gold in Saudi Arabia

Updated 22 February 2020

Concerns rise over fake gold in Saudi Arabia

  • Accusations fly as pilgrims targeted by sellers of counterfeit precious metal

JEDDAH: A video posted on Twitter by a member of the Precious Metals Committee explaining the ways some gold manufacturers manipulate weight of gold and diamonds has attracted significant attention in Saudi Arabia, raising the question of the authenticity of gold in the Kingdom.

In the video, Mohammed Azooz said cover-ups have made many Saudi gold sellers lose power over the market, and that industry was being controlled by non-Saudis.
In the video, he explained how some people circumvented customs and sneak gold into the country, especially during the Hajj season to target pilgrims.
The Arabic translation of #cheating_in_jewelry has been trending in Twitter for a few days, and several people posted about the issue, blaming those who were selling fake gold to pilgrims as pure gold.
This is not the first time the fake gold issue has been raised. The World Gold Council previously suspended its activities in the Kingdom following claims that some jewelry manufacturers mixed glass with gold. Former Minister of Commerce and Industry Abdullah Zainal rejected the accusations at the time, described them as “grave and dangerous.”
Local gold markets have seen stagnation in recent times, because of the increasing price of gold on international stock markets.

FASTFACTS

• Types of gold depend on the percentage of gold per kilogram. For example, 24k gold, which is considered the best in quality, is 99 percent gold mixed with 1 percent of precious metal such as silver or copper. This type of gold is considered pure, and not used for adornment.

• For a kilogram of 22k gold, 125 grams of precious metals are added to 875 grams of pure gold; 150 grams of precious metals are added to 850 grams to make a kilogram of 21k gold, and 18k gold has 250 grams of precious metals per kilogram.

The price of one kilogram of 24 karat (k) gold in the Kingdom can reach SR185,000 ($46,700).
Gold and economic experts say that the movement in gold prices depends on numerous factors such as political and economic events around the world, the price of the US dollar in banks, black markets, as well as the supply and demand trends in global stock markets.

Types of gold depend on the percentage of gold per kilogram. For example, 24k gold, which is considered the best in quality, is 99 percent gold mixed with 1 percent of precious metal such as silver or copper. This type of gold is considered pure, and not used for adornment.
For a kilogram of 22k gold, 125 grams of precious metals are added to 875 grams of pure gold; 150 grams of precious metals are added to 850 grams to make a kilogram of 21k gold, and 18k gold has 250 grams of precious metals per kilogram.

Opinion

This section contains relevant reference points, placed in (Opinion field)

The Kingdom has launched an initiative, the first of its kind, authorizing authorities to launch a Shariah-based gold investment fund to enrich investment products through the Saudi Stock Exchange (Tadawul).
Moath Alkhasawneh, CEO and board member of FALCOM Financial Services, said the FALCOM Gold Fund was officially licensed by the Capital Market Authority. The fund aims to add value to Tadawul through a Shariah-based investment fund, as gold trading transactions are considered a good investment and a high-quality commodity with low risks in investment portfolios.
“Gold retains its value compared to banknotes — their value decreases because of inflation. The high demand on gold in light of the shortage of supply can drive the prices of gold higher in the long run,” said Alkhasawneh.
“The gold investment fund focuses on investment in pure and precious gold, and the investment transactions will take place at the Switzerland Gold Market under the supervision of the higher authorities in Switzerland. This will make it safer and more flexible.”