Latest news with #FIIPRIORITYMiami2025
Asharq Al-Awsat
22-02-2025
- Business
- Asharq Al-Awsat
Saudi Communications Minister Strengthens Global Partnerships in Technology, AI, Space
Saudi Minister of Communications and Information Technology Abdullah Alswaha held high-level meetings with senior executives from major global companies at the Future Investment Initiative in Miami (FII PRIORITY Miami 2025) to bolster partnerships in technology, artificial intelligence (AI), investment, and the space sector, while promoting entrepreneurship in the Kingdom. Alswaha met with NEA CEO Tony Florence to discuss strategies for supporting tech entrepreneurs and boosting startup investment, which would strengthen Saudi Arabia's innovation ecosystem, reported the Saudi Press Agency on Saturday. In a discussion with Oracle CEO Safra Catz, he explored avenues to expand cooperation in cloud computing and AI, focusing on strengthening digital infrastructure and advancing the Kingdom's digital economy. To accelerate Saudi Arabia's ambitions in the space sector, the minister met with SpaceX President and COO Gwynne Shotwell to discuss space exploration and rocket technology collaboration. Alswaha also conferred with SoftBank Group CEO Masayoshi Son on expanding investment partnerships in technology and AI to drive digital economic growth. He met with Vista Equity Partners CEO Robert F. Smith to discuss enhancing technology investments, asset management, and startup empowerment, positioning Saudi Arabia as a key destination for tech investment. The meetings align with the Kingdom's broader efforts to advance global partnerships in innovation, strengthen AI-driven investments, and develop high-growth sectors in line with Saudi Vision 2030.
Saudi Gazette
22-02-2025
- Business
- Saudi Gazette
Saudi minister holds high-level talks at FII Miami to boost AI, tech, and space partnerships
Saudi Gazette report MIAMI — Minister of Communications and Information Technology Abdullah Alswaha held a series of high-level meetings with senior executives from global technology and investment firms at the FII PRIORITY Miami 2025, focusing on strengthening partnerships in artificial intelligence (AI), technology, investment, and the space sector while fostering entrepreneurship in Saudi his discussions with NEA CEO Tony Florence, Alswaha explored strategies to support tech entrepreneurs and expand startup investments, aiming to enhance the Kingdom's innovation a meeting with Oracle CEO Safra Catz, he examined opportunities to deepen collaboration in cloud computing and AI, emphasizing efforts to advance Saudi Arabia's digital infrastructure and digital accelerate Saudi ambitions in the space sector, the minister engaged with SpaceX President and COO Gwynne Shotwell on potential partnerships in space exploration and rocket also met with SoftBank Group CEO Masayoshi Son to discuss expanding investment partnerships in AI and emerging technologies, reinforcing the Kingdom's position as a global leader in digital economic growth. Additionally, he conferred with Vista Equity Partners CEO Robert F. Smith to explore ways to enhance technology investments, asset management, and startup support, positioning Saudi Arabia as a leading hub for tech-driven investment.
Gulf Insider
21-02-2025
- Business
- Gulf Insider
Trump Ends Federal Benefits for Illegal Aliens
President Trump signed his executive order, PRESERVING FEDERAL BENEFITS FOR AMERICAN CITIZENS, Wednesday night 'to ensure taxpayer resources are not used to incentivize or support illegal immigration.' Details of the EO are here. Wednesday afternoon, Trump delivered remarks in front of a group of billionaires at the Faena Hotel during Saudi Arabia's Public Investment Fund's FII PRIORITY Miami 2025 conference. A White House official told Melugin that Trump's executive order will direct federal agency and department heads to identify all federally funded programs that provide financial benefits to illegal aliens, and for them to 'take corrective action.' The measure is reportedly designed to ensure that any federal funds to states and localities 'will not be used to support sanctuary policies or assist illegal immigration.' While illegal aliens are not supposed to be eligible for welfare programs, the Biden-Harris regime abused loopholes to confer 'status' to millions of non citizens as a part of their catch-and-release agenda, the Economic Policy Innovation Center pointed out in its December 2024 report. According to U.S. Customs and Border Protection (CBP), there were 10.8 million encounters with illegal aliens between fiscal years 2021 and 2024. The Congressional Budget Office (CBO) estimates that the net immigration of illegal immigrants totaled 7.3 million between FY 2021 and 2024. In comparison, net migration of illegals was negative in the four years prior to this. For the past four years, illegal aliens have been receiving welfare benefits from many different public assistance programs, including: Food Stamps (the Supplemental Nutrition Assistance Program, 'SNAP') Child nutrition programs Temporary Assistance for Needy Families (TANF) Supplemental Security Income (SSI) Child Care and Development Block Grant (CCDBG) Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Obamacare Premium Tax Credit Obamacare cost sharing subsidies Medicare Medicaid Children's Health Insurance Program (CHIP) Pell Grants Student loans Head Start Public housing Coronavirus State and Local Fiscal Recovery Fund (SLFRF) The cost of welfare programs for noncitizens is estimated to be in the billions. The Federation for American Immigration Reform (FAIR) estimated that federal expenditures on illegal aliens in 2023 totaled nearly $66.5 billion, including more than $23 billion in federal medical expenditures and $11.6 billion in welfare benefits from Food Stamps, child nutrition, SSI, and other programs. In its 'Fiscal Burden of Illegal Immigration On United States Taxpayers 2023' report, FAIR estimated that the net cost of illegal immigration for the United States at the federal, state, and local levels at the start of 2023 was at least $150.7 billion. The Manhattan Institute estimated that 'every new illegal immigrant has an average net fiscal burden of about $130,000.' Click here to read more Also read: Lavrov Praises Trump for Saying NATO Led To Ukraine Invasion Source Zero Hedge
Arab News
20-02-2025
- Business
- Arab News
Strong Saudi-US ties only continue to grow, Kingdom's envoy says
RIYADH: The strong ties between Saudi Arabia and the US only continue to grow, the Kingdom's ambassador to Washington Princess Reema bint Bandar said on Thursday. Princess Reema said that strong and growing Saudi-US relations were 'creating once unimaginable opportunities for a more prosperous future together.' The Kingdom's envoy made the comments on social media platform X after welcoming US President Donald Trump to the FII PRIORITY Miami 2025 summit on Wednesday. The gathering of thought leaders, investors, and policymakers reflected the strength of 'our shared vision, where partnership, trade, and investment drive progress,' Princess Reema said. During the opening of the summit on Wednesday, Trump thanked Crown Prince Mohammed bin Salman for facilitating US-Russian talks on the Ukraine war that were held in Riyadh on Tuesday.
