UNDP Saudi Arabia launches accelerator lab

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Layan Al-Saud, Head of Solutions Mapping, UNDP Saudi Arabia and Adam Bouloukos, Resident Representative of UNDP Saudi Arabia, at the Saudi Accelerator Lab launch on Wednesday at at the UN house in Riyadh. (AN photo by Ali Al-Dahri)
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Attendees of the launch of Accelerator Lab conference are representatives of government, private sector, United Nations, non-profit sector, and academia. (AN photo by Ali Al-Dahri)
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Adam Bouloukos, Resident Representative of UNDP Saudi Arabia, at the Saudi Accelerator Lab launch on Wednesday at at the UN house in Riyadh. (AN photo by Ali Al-Dahri)
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Updated 19 November 2021
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UNDP Saudi Arabia launches accelerator lab

  • Innovation needed to respond to government’s changes, says UNDP official

RIYADH: An accelerator lab to find solutions to modern-day challenges was launched by the UN Development Programme in Riyadh on Wednesday.

Adam Bouloukos, who is the UNDP’s resident representative in the Kingdom, said the accelerator lab was launched because ideas and innovation were needed to respond to the government’s changes and its new agenda.

“The nature of our work here is at a quite high policy level, which is part of the reason we launched this accelerator lab, because we need better ideas, more creative ideas, and innovation to respond to the government’s changes and its new agenda,” he told Arab News. “We have in our team three experts. We're looking at different elements of research analysis and experimentation to help us better formulate projects and programs with the goal. All of our projects are in partnership with the government and the Kingdom of Saudi Arabia. This program is unusual in UNDP because it's a large learning network.”

He said the accelerator lab initiative was in 91 locations and supported 115 countries, with the aim of finding solutions to developmental challenges and responding to them rapidly and at scale.

The Saudi Accelerator Lab has three core members: Layan Al-Saud, who is the head of solutions mapping, Saud Al-Fassam, head of exploration, and Abdulrahman Al-Ghamdi, who is head of experimentation.

Al-Saud’s role is to immerse deeply in communities, identify local solutions, and bridge bottom-up solutions with policy design. Al-Fassam’s responsibility is to shed light on emerging trends, use data science to identify patterns, and make a case for change. Al-Ghamdi's job is to build portfolios of social or environmental solutions, strengthen solutions, and learn through experimentation.

Al-Saud said that Saudi Arabia was still missing a sense of real community engagement. “Sometimes we tend to think that we always want to get something from a global best practice, rather than looking at what the local solutions are and how we can work on that to amplify it. So, one size does not fit all in terms of innovation.  

“What we are trying to do is to hear more from our global counterparts around what they're doing and gain inspiration from that, but not copy-paste what's happening. We tried to see locally what the issues are and work on that as well.”

Bouloukos said the initiative was coming to Saudi Arabia at the right time.

“Look at what's happening in Saudi Arabia, the place is booming with ideas. Some of that is politically driven in the sense that you have strong leadership, but you also have the opening of the country generally, tourism, young people with a voice, a growing civil society, nonprofit sector, and academic institutions.

“I feel like I'm here at the right moment, where the changes are becoming very tangible, and I’m happy to contribute. I can only do this and support the government if I have innovative ideas and creative opportunities.”


Pakistan’s key stock index, spurred by hopes of Saudi investment, breaches 71,000 barrier

Updated 2 min 6 sec ago
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Pakistan’s key stock index, spurred by hopes of Saudi investment, breaches 71,000 barrier

  • The benchmark KSE 100 index reached a record high of 71,092 points during intra-day trading on Tuesday
  • Saudi Arabia’s foreign minister arrived in Pakistan on Monday with his visit aimed at enhancing economic cooperation

KARACHI: Bulls at the Pakistan Stock Exchange (PSX) welcomed a high-profile Saudi delegation’s visit to Pakistan on Tuesday, as the key stock index registered an all-time high of over 71,000 points during intraday trading as investors hoped Islamabad would attract investment from the Kingdom, analysts said.
The benchmark KSE 100 index reached a record high of 71,092 points during the day on Tuesday before closing 60.9 points down at 70,483.6 level, the stock market’s website showed. The bullish trend followed a day after Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan arrived in Pakistan on a two-day visit to the country.
The Saudi minister’s visit is aimed at enhancing bilateral economic cooperation and pushing forward previously agreed investment deals with Pakistan. His trip comes a little over a week after Crown Prince Mohammed bin Salman met Prime Minister Shehbaz Sharif in Makkah and reaffirmed the Kingdom’s commitment to expedite investments worth $5 billion.
“The current bullish trend in the stock market is fueled by hopes of realizing Saudi investments and deposits following the visit of a high-profile delegation [to Pakistan],” Muhammad Sohail, CEO of Topline Securities, told Arab News.
Pakistan’s prime minister, president and foreign minister on Tuesday said the Saudi foreign minister’s ongoing visit would help transform a longstanding friendship between the two nations into a strategic and commercial partnership.
Pakistan has identified agriculture, mining, energy and IT sectors for foreign investment through the Special Investment Facilitation Council (SIFC), a hybrid civil-military body that was formed in June last year to attract investments from mainly Gulf countries.
Ali Nawaz, CEO of Chase Securities, said other than the Saudi delegation’s arrival, other reasons had also influenced Pakistani stocks to perform well.
“Firstly, positive corporate performance by listed companies, characterized by revenue growth and profitability, has bolstered investor confidence in the market,” Nawaz told Arab News.
He said Pakistan’s stable political conditions have contributed to a positive sentiment among investors and encouraged them to invest in equities.
“Foreign investors continue to accumulate position in equity markets bringing in much-needed liquidity into capital markets,” Nawaz said.
Ahsan Mehanti, CEO of Arif Habib Corporation, said the stock market had gained impressively during the day but closed at a lower level due to institutional profit taking. Profit taking refers to the act of selling a security to lock in gains after it has risen appreciably.
Mehanti said the development had taken place amid “uncertainty over the outcome of Pakistan-IMF talks for new bailout program and geo-political tensions.”
Pakistan’s finance minister Muhammad Aurangzeb, who is in Washington, has initiated talks with IMF officials to secure a new loan program after the South Asian country’s $3 billion loan program draws to a close this month.
Speaking at an event hosted by the Atlantic Council, a think tank, the finance minister said Pakistan is looking for a larger loan program that would span two to three years in duration.
“We will need a two-to-three period year time period so that we can actually go through the structural reforms,” the finance minister said.


Strong field assembled for the 2024 Saudi Open presented by PIF

Updated 3 min 11 sec ago
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Strong field assembled for the 2024 Saudi Open presented by PIF

  • Peter Uihlein, who plays for LIV Golf team RangeGoats GC, is making his first visit to Riyadh and expressed his excitement at playing in the Saudi capital
  • Haotong Li: I want to see different golf courses to the ones I have played previously and to visit new parts of the world

RIYADH: The 2024 Saudi Open presented by PIF begins tomorrow morning, Wednesday 17 April, as an Asian Tour field strengthened by LIV Golf and DP World Tour stars tee off, all with the desire to lift the trophy on Saturday evening at Riyadh Golf Club.

Thai star Denwit Boriboonsub won the 2023 Saudi Open in December in stunning fashion, but Henrik Stenson, Peter Uihlien and Haotong Li are the standout names hoping to dethrone him, as 144 players from 33 different countries fight for glory from 17-20 April.

There are 20 Arab golfers from eight nations in the field, including seven from Saudi Arabia, who have all been handed the opportunity to compete alongside some of the world’s best players as golf continues to develop in the region. Golf&More will be on display at the course throughout the week with live DJ sessions at sunset, special activities for children and the authentic Sajah Bazaar giving fans the opportunity to immerse themselves in local culture.

Peter Uihlein, who plays for LIV Golf team RangeGoats GC, is making his first visit to Riyadh and expressed his excitement at playing in the Saudi capital. The American believes it will be an action-packed four rounds, filled with low scores and plenty of birdies.

Uihlein said: “I watched the 2023 Saudi Open on TV in December and the Aramco Series Ladies Internationalrecently and I saw a lot of low scores, so I am hoping for atournament full of birdies. It does depend how much the wind blows, but hopefully it dies down later in the week. 

“It’s my first time in Riyadh, having been to Jeddah a few times, and I’m excited about it. I spoke to Othman [Almulla] about how many courses are planned and the ones they are already building around the Kingdom. It is really cool to be here.

“I feel like the stuff I am working on is getting better and better, and I feel a little bit sharper as the weeks go on. It is why I’m here - to carry on working on my game ahead of LIV Adelaide and LIV Singapore.”

Chinese sensation Haotong Li is a four-time DP World Tour winner and has chosen to play in the 2024 Saudi Open presented by PIF to experience the continued growth of the game in the Kingdom.

Li said: “I want to see different golf courses to the ones I have played previously and to visit new parts of the world. It’s extremely exciting to play this week and do something special. I am truly honoured to be here and be a part of growing the game as big as possible. Hopefully everybody starts to fall in love with golf.

Golf Saudi CEO Noah Alireza spoke to gathered media ahead of the tournament and he stressed the importance of the 2024 Saudi Open presented by PIF’s commitment to handing opportunities to national and regional players.

Alireza said: “We are delighted to welcome a strong field to the 2024 Saudi Open presented by PIF following its first holding on the Asian Tour last year and I am certain that this week will prove a success with exciting golf on show at Riyadh Golf Club.

“The opportunity that the Saudi Open presents to all of the competitors, but particularly to the seven Saudi nationals and the 13 other Arab golfers in the field, is one of the main driving forces behind our desire to host this tournament in Riyadh. Playing alongside the best Asian Tour players, plus a number of LIV Golf and DP World Tour members, helps them understand what it takes to reach this level and is a vital part of their golf education. It is a key part of Golf Saudi’s commitment to golf in our country.”


Muslim school student loses UK court bid over prayer rituals ban

Michaela Community School is a state-funded but independently run school located in northwest London. (Shutterstock)
Updated 12 min 2 sec ago
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Muslim school student loses UK court bid over prayer rituals ban

  • The High Court in London hearing the case was told the ban introduced last year stemmed from several dozen students beginning to pray in the school’s yard

LONDON: A Muslim pupil lost a UK court challenge Tuesday against a top London school’s ban on prayer rituals, in a case about freedom of religion in schools that captured national attention.
The student, who cannot be named, took legal action against Michaela Community School in northwest London, claiming the policy was discriminatory and “uniquely” affected her faith due to its ritualized nature.
She argued the school’s prohibition of on-site prayer unlawfully breached her right to religious freedom and was “the kind of discrimination which makes religious minorities feel alienated from society.”
The school — state-funded but independently run and renowned for its academic achievement record and strict rules — countered that the policy imposed last year was justified.
The High Court in London hearing the case was told the ban introduced last year stemmed from several dozen students beginning to pray in the school’s yard, using blazers to kneel on, the BBC reported.
It then imposed the new rules due to concerns about a “culture shift” toward “segregation between religious groups and intimidation within the group of Muslim pupils,” the court reportedly heard.
In a written ruling, judge Thomas Linden dismissed the pupil’s arguments, ruling that by enrolling at the school she had effectively accepted being subject to restrictions on manifesting her faith.
He concluded that the prayer ritual policy was “proportionate” and that its aims and ability to achieve them “outweighs” any “adverse effects” on the rights of Muslim pupils at the school.
Responding to the decision Katharine Birbalsingh, headteacher of Michaela Community School, said “a school should be free to do what is right for the pupils it serves.”
“The court’s decision is therefore a victory for all schools,” she added on X (formerly Twitter).
“Schools should not be forced by one child and her mother to change its approach simply because they have decided they don’t like something at the school.”
Education Secretary Gillian Keegan also welcomed the ruling, saying “headteachers are best placed to make decisions in their school.”
“Michaela is an outstanding school and I hope this judgment gives all school leaders the confidence to make the right decisions for their pupils.”


Diriyah Co. CEO appointed UN Tourism ambassador 

Updated 17 min 40 sec ago
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Diriyah Co. CEO appointed UN Tourism ambassador 

RIYADH: Saudi historical destination developer Diriyah Co.’s CEO, Jerry Inzerillo, has been appointed as a UN Tourism ambassador, joining an elite group including Lionel Messi, Georgio Armani, and Placido Domingo. 

The appointment was made during the global body’s first-ever sustainability week, being held in New York from April 15 to 19, according to a press statement. 

Inzerillo has been honored for his “lifelong commitment” to employing “innovative design and development strategies” that bolster local communities and cultivate new and undiscovered tourism destinations, it added. 

“The UN Tourism is enormously proud to welcome Inzerillo as our newest tourism ambassador. In this new role, he will help to amplify the UN Tourism’s key messages of the ability of tourism to drive change and achieve sustainable growth,” said Secretary-General Zurab Pololikashvili.  

Diriyah is located on the outskirts of the Kingdom’s capital city, Riyadh. At its core is the UNESCO World Heritage Site of At-Turaif, the historic capital of the First Saudi State. 

Upon completion, the Diriyah project will host 100,000 residents, workers, students, and visitors, offering a diverse range of cultural, entertainment, retail, hospitality, educational, and residential spaces. 

Developing tourist destinations like Diriyah is crucial for Saudi Arabia, as the Kingdom pursues economic diversification, in line with the goals outlined in Vision 2030. 

“In the area of tourism, we have the privilege to work in one of the world’s fastest growing sectors that employ 320 million people today and will add a further 100 million within the next decade. But with that privilege comes enormous responsibility to ensure that our developments are innovative, actionable and have real and enduring impact,” said Inzerillo.   

Spearheaded by Inzerillo, Diriyah Co.’s development strategies adhere to the highest international sustainability, preservation, and conservation standards. They aim to support the mobility, health, and well-being of the local community. 

“A key part of our master planning strategy is that our commitment to sustainable practices must also extend beyond the day-to-day operations of Diriyah Co.,” he added.  

In January, Inzerillo told Arab News that Riyadh will be undergoing consistent transformative change “every year” that will allow visitors and residents to feel a palpable difference.  

He added that visitors to the Kingdom’s capital do not need to look forward to 2030 to begin to witness the changes that the tourism sector is undergoing. 

Formerly known as the World Tourism Organization, UN Tourism is a global agency responsible for promoting responsible, sustainable, and universally accessible tourism.

As a leading international organization, it advocates for tourism as a catalyst for economic growth, inclusive development, and environmental sustainability.


Lightning, heavy rains kill 57 across Pakistan in five days

Updated 28 min 38 sec ago
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Lightning, heavy rains kill 57 across Pakistan in five days

  • Pakistan’s northwestern Khyber Pakhtunkhwa province reports highest casualties in five days, 21
  • Punjab’s disaster management authority predicts heavy rains in province from April 18-21

PESHAWAR: Heavy rains and lightning strikes have killed at least 57 and wounded dozens of others across Pakistan during the last five days, the country’s national and provincial disaster management authorities said on Tuesday.
The downpours, which began on Friday, have damaged several homes across the South Asian country while more showers are expected across Pakistan this week, the National Disaster Management Authority (NDMA) said in a statement this week.
Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province has reported the highest death toll in the country from rains during the last five days, 21, the Provincial Disaster Management Authority (PDMA) KP said. In Sindh, Punjab, Balochistan, Azad Kashmir and Gilgit-Baltistan areas, 36 people died in the last five days in rain-related incidents, the NDMA added.
“In Khyber Pakhtunkhwa province 21 people have been killed and 34 injured in the last five days due to accidents caused by heavy rain,” the PDMA said in a report. 
Due to continuous downpours in different parts of the northwestern province, 344 houses have been damaged due to the rain, the report said. 
The PDMA said KP’s districts of Lower and Upper Dir, Khyber, Chitral Lower, Swat, Shangla, Mansehra, Malakand, Tank, Mardan and Karak were the province’s worst-affected by the rains. 
It said KP Chief Minister Ali Amin Gandapur had directed all the district administrations and departments concerned to provide medical assistance and relief to families affected by the rains.