Latest news with #SR14
Yahoo
27-05-2025
- General
- Yahoo
Former corrections officer sentenced after sexual misconduct at Coffee Creek facility
PORTLAND, Ore. (KOIN) — A former corrections officer at the Coffee Creek Correctional Facility was sentenced to nearly two years after pleading guilty to sexual misconduct. According to the Washington County District Attorney's Office, on May 9, Levi David Gray was sentenced to 20 months after pleading guilty to two counts of first-degree custodial sexual misconduct. Officials said that in May 2023, Gray served as the supervisor of the Special Housing Unit at the Coffee Creek facility, where the 19-year-old victim had been moved into the only cell unit with no surveillance camera. Teen dead, two injured after late-Monday SR 14 crash During that time, authorities said that Gray committed sex acts against the victim in her cell, which were overheard by a witness who convinced the victim to report the abuse. Gray was immediately placed on leave after the report and later terminated. The victim was taken to a hospital where Gray's DNA was found on her body, and authorities said that Gray was also seen on video taking the victim to her cell by himself, which was a policy violation. He also stayed in the area of her cell for an extended period of time. In court, Gray was sentenced to 20 months, the maximum sentence based on guidelines. Gray was also ordered to serve three years of post-prison supervision, and he will undergo sex offender treatment and a mental health evaluation upon release. The DOC shared the following statement: The custodial sexual misconduct committed by former Correctional Sergeant Levi Gray is deeply troubling and disappointing. His actions violate the agency's mission and undermine the trust placed in it by the public, staff, and adults in custody. Sexual misconduct is unacceptable in any setting, but it is particularly egregious in a correctional environment where power dynamics must never be abused. DOC continues to work diligently to prevent such violations through staff training, reporting mechanisms, and technology. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Saudi Gazette
15-05-2025
- Business
- Saudi Gazette
Saudi Arabia and China sign 57 deals worth over SR14 billion during visit of Minister Alfadley
Saudi Gazette report BEIJING — The Saudi-Chinese Business Forum wrapped up in Beijing on Wednesday with clinching 57 agreements and memoranda of understanding (MoUs) valued at over SR14 billion between Saudi and Chinese entities. The forum was attended by Minister of Environment, Water and Agriculture Abdulrahman Alfadley, with broad participation of officials and investors in the agricultural and food sectors from both countries. Speaking on the occasion, Alfadley noted that trade exchange between Saudi Arabia and China has exceeded $107 billion, underscoring strength and strategic importance of their bilateral economic ties. He highlighted that China is one of the Kingdom's most significant trading partners, representing 18 percent of its foreign trade. The signed agreements encompassed a range of projects across the environment, water, agriculture, fisheries, and livestock sectors. Key initiatives include knowledge exchange on water recycling, development of human capacity-building programs, establishment of seaweed cultivation stations, and production of biofuels and biofertilizers. They also included plans to develop a smart city dedicated to food security in the Kingdom, featuring factories, laboratories, and integrated logistics services. Additionally, they outlined joint efforts to establish a comprehensive industrial city in the Jazan region focused on primary and transformative industries, aimed at strengthening supply chains and creating new opportunities for agriculture-related industrial investment. During the Chinese visit, Minister Alfadley held discussions with Chinese Minister of Ecology and Environment Huang Runqiu. During the meeting, the ministers explored avenues for bilateral cooperation in environmental protection, pollution reduction, ecosystem restoration, and the exchange of expertise in sustainable environmental management. Alfadley's three-day official visit to Beijing, which concluded on Wednesday, aimed to strengthen environmental relations between the Kingdom and China and explore opportunities for cooperation in environmental sustainability.
Saudi Gazette
12-05-2025
- Business
- Saudi Gazette
30% of listed firms on Saudi market are SMEs, says CMA chief
Saudi Gazette report RIYADH — The chairman of the Capital Market Authority (CMA) Mohammed Al-Quwaiz highlighted the growing role of Saudi Arabia's financial market in supporting small and medium-sized enterprises (SMEs), citing significant efforts in recent years to expand listing opportunities and diversify financing tools. Speaking during the Enterprise Support Council held as part of the 'Finance Week' organized by the General Authority for Small and Medium Enterprises (Monsha'at), Al-Quwaiz emphasized the impact of recent initiatives to empower entrepreneurs and business owners. Al-Quwaiz stated that the Saudi market now provides nine financing channels for companies, most of which were developed in recent years. Among the most notable developments, he said, was the launch of the parallel market 'Nomu,' which has facilitated wider market access for SMEs. Currently, 30 of the companies listed in the Saudi financial market are SMEs, 14 of which have graduated from the parallel market to the main market after achieving business growth. This, he noted, reflects the success of the investment climate cultivated by the CMA. 'The general market index for growth has increased tenfold since launch, and the market value has surged to approximately SR60 billion — a 26-fold increase. Liquidity in the parallel market has grown eightfold, with trading values in 2024 reaching SR14 billion,' said Al-Quwaiz. He added that the CMA has updated listing and offering requirements to align with international best practices. New tools, such as direct listings, have been introduced, while regulatory barriers have been reduced in collaboration with other government entities to ease the listing process for SMEs. The CMA has also worked with partner institutions to implement over 14 incentives supporting listing and offering, including advantages related to government procurement, credit rating, and company evaluation. Al-Quwaiz also noted the growing role of financial technology in the market, with sector revenues rising by 105% year-on-year in 2024. He underscored the importance of credit rating and evaluation in enabling companies to secure financing, particularly through debt instruments, calling them vital components for long-term growth and market sustainability.
Zawya
17-02-2025
- Business
- Zawya
Saudi: Diriyah's major infrastructure set for 2027 completion, says Inzerillo
RIYADH — Jerry Inzerillo, Group CEO of Diriyah Gate Development Authority, said that Diriyah's major infrastructure will be completed by 2027. "The major infrastructure will include 60,000 underground parking spaces, pedestrian-friendly zones, and state-of-the-art facilities that seamlessly integrate with the city's historical heritage." Speaking at the PIF Private Sector Forum in Riyadh, Inzerillo emphasized Diriyah Square stands as a defining feature of the city's transformation. "The commercial and cultural district, currently under construction, features 83 tower cranes operating at full capacity. Once complete, it will include a 1.9-kilometer boulevard, our own version of the Champs-Élysées, housing Saudi Arabia's contemporary art museum, a 20,000-seat arena, an exhibition center, an opera house, and the largest Apple store in the world." "Diriyah, the birthplace of the Kingdom of Saudi Arabia, is undergoing an unprecedented $64 billion transformation, positioning itself as a global destination and a model for sustainable, walkable urban development," he added. "Currently, 40,000 workers are on-site daily, driving forward the development of Diriyah, including major infrastructural enhancements and hospitality expansions," Inzerillo stated. "The UNESCO World Heritage Site in Diriyah has already welcomed three million visitors, with projections set to reach 27 million by 2030." "Despite still being in development, Diriyah is already generating revenue, with operating income expected to surpass projections for 2025," he revealed. "Early residential sales have reached between SR13 billion and SR14 billion in advanced deposits. Luxury properties, including Ritz-Carlton, Raffles, and Oberoi-branded residences, have sold out, while five of the 37 Aman Villas were purchased within three days of their release." "These are not hypothetical sales; these are deposited sales," Inzerillo emphasized. "We are also seeing growing confidence from international investors, including Italian and Colombian developers, as well as rising interest from Qatari and Emirati buyers." "Diriyah is a flagship Vision 2030 project, with its rapid progress aligning with Saudi Arabia's broader economic transformation," he continued. "The Kingdom is experiencing an influx of multinational corporations establishing headquarters, a shift driven by growing confidence in the country and its evolving business-friendly environment." "Saudi Arabia achieved G20 status faster than any other nation," Inzerillo noted, highlighting the Kingdom's strategic position in the global economy. "Diriyah's rise as a cultural and investment hub aligns with Saudi Arabia's growing portfolio of international events, including Expo 2030, the 2027 Asian Football Games, and the 2034 FIFA World Cup." "As Riyadh's population is set to reach 12 million, Diriyah is emerging as the city's pedestrian-friendly, high-quality lifestyle hub," he said. "Spanning 14.2 million square meters—equivalent to Beverly Hills, California—it will feature 40 luxury hotels, 30,000 residences, and an extensive range of retail and dining options. Adjacent to Diriyah, Wadi Safar will host high-end resorts from Aman, Six Senses, and Chetty, along with a 27-hole Greg Norman-designed golf course." Inzerillo suggested that Diriyah could be publicly listed in the future, following the trend of other PIF-backed giga-projects. "With strong return on investment (ROI) and increasing interest from both local and international investors, Diriyah is well-positioned for long-term financial sustainability," he said. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
15-02-2025
- Business
- Saudi Gazette
Diriyah's major infrastructure set for 2027 completion, says Inzerillo
Saudi Gazette report RIYADH — Jerry Inzerillo, Group CEO of Diriyah Gate Development Authority, said that Diriyah's major infrastructure will be completed by 2027. "The major infrastructure will include 60,000 underground parking spaces, pedestrian-friendly zones, and state-of-the-art facilities that seamlessly integrate with the city's historical heritage."Speaking at the PIF Private Sector Forum in Riyadh, Inzerillo emphasized Diriyah Square stands as a defining feature of the city's transformation."The commercial and cultural district, currently under construction, features 83 tower cranes operating at full capacity. Once complete, it will include a 1.9-kilometer boulevard, our own version of the Champs-Élysées, housing Saudi Arabia's contemporary art museum, a 20,000-seat arena, an exhibition center, an opera house, and the largest Apple store in the world.""Diriyah, the birthplace of the Kingdom of Saudi Arabia, is undergoing an unprecedented $64 billion transformation, positioning itself as a global destination and a model for sustainable, walkable urban development," he added."Currently, 40,000 workers are on-site daily, driving forward the development of Diriyah, including major infrastructural enhancements and hospitality expansions," Inzerillo stated."The UNESCO World Heritage Site in Diriyah has already welcomed three million visitors, with projections set to reach 27 million by 2030.""Despite still being in development, Diriyah is already generating revenue, with operating income expected to surpass projections for 2025," he revealed. "Early residential sales have reached between SR13 billion and SR14 billion in advanced deposits. Luxury properties, including Ritz-Carlton, Raffles, and Oberoi-branded residences, have sold out, while five of the 37 Aman Villas were purchased within three days of their release.""These are not hypothetical sales; these are deposited sales," Inzerillo emphasized. "We are also seeing growing confidence from international investors, including Italian and Colombian developers, as well as rising interest from Qatari and Emirati buyers.""Diriyah is a flagship Vision 2030 project, with its rapid progress aligning with Saudi Arabia's broader economic transformation," he continued."The Kingdom is experiencing an influx of multinational corporations establishing headquarters, a shift driven by growing confidence in the country and its evolving business-friendly environment.""Saudi Arabia achieved G20 status faster than any other nation," Inzerillo noted, highlighting the Kingdom's strategic position in the global economy."Diriyah's rise as a cultural and investment hub aligns with Saudi Arabia's growing portfolio of international events, including Expo 2030, the 2027 Asian Football Games, and the 2034 FIFA World Cup.""As Riyadh's population is set to reach 12 million, Diriyah is emerging as the city's pedestrian-friendly, high-quality lifestyle hub," he said."Spanning 14.2 million square meters—equivalent to Beverly Hills, California—it will feature 40 luxury hotels, 30,000 residences, and an extensive range of retail and dining options. Adjacent to Diriyah, Wadi Safar will host high-end resorts from Aman, Six Senses, and Chetty, along with a 27-hole Greg Norman-designed golf course." Inzerillo suggested that Diriyah could be publicly listed in the future, following the trend of other PIF-backed giga-projects. "With strong return on investment (ROI) and increasing interest from both local and international investors, Diriyah is well-positioned for long-term financial sustainability," he said.
