MiSK Foundation
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MiSK Foundation
Prince Mohammed bin Salman bin Abdulaziz Foundation (the MiSK Foundation) ( ar, مؤسسة الأمير محمد بن سلمان بن عبدالعزيز مسك) is a non-profit foundation established by Saudi crown prince Mohammad bin Salman in 2011. History Created in 2011, the MiSK foundation was initiated by Mohammad bin Salman, then advisor to the Governor of Riyadh. The name of the Foundation comes from "misk" ("musk" in English); the perfume is a symbol of generosity and benevolence. The Foundation's work is focused on education, culture and media. The MiSK Foundation launched the Tweeps Forum in 2013, an annual networking event connecting the Saudi youth with social media leaders, gathering speakers such as Abdullah bin Zayed Al Nahyan and Ivanka Trump. In October 2015, the MiSK Foundation was one of the main partners of the 9th UNESCO Youth Forum in Paris. In September 2016, the two organisations signed a Framework Agreement to collaborate on the development of youth, ...
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Mohammed Bin Salman
Mohammed bin Salman Al Saud ( ar, محمد بن سلمان آل سعود, translit=Muḥammad bin Salmān Āl Su‘ūd; born 31 August 1985), colloquially known by his initials MBS or MbS, is Crown Prince and Prime Minister of Saudi Arabia. He also serves as the chairman of the Council of Economic and Development Affairs and chairman of the Council of Political and Security Affairs. He is considered the ''de facto'' ruler of Saudi Arabia, being deemed as such even before his appointment as prime minister in 2022. He served as minister of defense from 2015 to 2022. He is the seventh son of King Salman. Mohammed was born as the eldest of six children to Prince Salman bin Abdulaziz and his third wife, Fahda bint Falah Al Hithlain. After obtaining a law degree from King Saud University, he served as an advisor to his father. After Salman ascended the throne in January 2015, he appointed Mohammed as minister of defense, and Mohammed was also given the role of deputy crown prince ...
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Jeddah
Jeddah ( ), also spelled Jedda, Jiddah or Jidda ( ; ar, , Jidda, ), is a city in the Hejaz region of the Kingdom of Saudi Arabia (KSA) and the country's commercial center. Established in the 6th century BC as a fishing village, Jeddah's prominence grew in 647 when the Caliph Osman made it a major port for Indian Ocean trade routes, channelling goods to Mecca, and to serve Muslim travelers for Islamic pilgrimage. Since those times, Jeddah has served as the gateway for millions of pilgrims who have arrived in Saudi Arabia, traditionally by sea and recently by air. With a population of about 4,697,000 people as of 2021, Jeddah is the largest city in Makkah Province, the largest city in Hejaz, the second-largest city in the Saudi Arabia (after the capital Riyadh), and the ninth-largest in the Middle East. It also serves as the administrative centre of the OIC. Jeddah Islamic Port, on the Red Sea, is the thirty-sixth largest seaport in the world and the second-largest and s ...
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Non-profit Organisations Based In Saudi Arabia
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to ever ...
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Business Organisations Based In Saudi Arabia
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated and e ...
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World Economic Forum
The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss global issues across 500 sessions. ...
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Public Investment Fund
The Public Investment Fund (PIF; ar, links=no, صندوق الإستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of $620 billion (£492 billion). It was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia. The wealth fund has been controlled by Crown Prince Mohammed bin Salman, Saudi Arabia’s ''de facto'' ruler since 2015. It has been characterized as among the least transparent sovereign wealth funds in the world. In 2016, the ''Wall Street Journal'' noted that none of the fund's investments were named. The organization's activities have stirred controversy due to its relationship with the Saudi Arabian government and its human rights record. The fund's domestic investments tend to go to firms owned by elites with long-standing personal connections to the Saudi state. Some of PIF's assets were transferred to the organi ...
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Jeddah Economic Forum
Jeddah Economic Forum (JEF) ( ar, منتدى جدة الإقتصادي) is a forum held annually since 1999 during winter in the city of Jeddah, western Saudi Arabia. It has become the region's Middle East strategic think tank focusing on regional and international economic and social issues. The Jeddah Economic Forum is organized by the Jeddah Marketing Board, which is a part of Jeddah Chamber of Commerce & Industry. It is also organized in association with Ernst & Young as a Strategic Knowledge Advisors partner. The current president of the forum is Shiekh Saleh Kamel. The forum was founded by Amr Dabbagh. The forum has invited well-known speakers at the event such as George H. W. Bush, John Major, Bill Clinton, Gerhard Schroeder the former German chancellor, Madeleine Albright, Al-Waleed bin Talal, Queen Rania of Jordan, Recep Tayyip Erdoğan Prime Minister of Turkey, Rafik Hariri Post Prime Minister of Lebanon, Mahathir Mohamad Prime Minister of Malaysia, and Lubna Olayan, Hi ...
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The Verge
''The Verge'' is an American technology news website operated by Vox Media, publishing news, feature stories, guidebooks, product reviews, consumer electronics news, and podcasts. The website launched on November 1, 2011, and uses Vox Media's proprietary multimedia publishing platform Chorus. In 2014, Nilay Patel was named editor-in-chief and Dieter Bohn executive editor; Helen Havlak was named editorial director in 2017. ''The Verge'' won five Webby Awards for the year 2012 including awards for Best Writing (Editorial), Best Podcast for ''The Vergecast'', Best Visual Design, Best Consumer Electronics Site, and Best Mobile News App. History Origins Between March and April 2011, up to nine of ''Engadget''s writers, editors, and product developers, including editor-in-chief Joshua Topolsky, left AOL, the company behind that website, to start a new gadget site. The other departing editors included managing editor Nilay Patel and staffers Paul Miller, Ross Miller, Joann ...
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Japanese Video Game
Video games are a major industry in Japan. Japanese game development is often identified with the golden age of video games, including Nintendo under Shigeru Miyamoto and Hiroshi Yamauchi, Sega during the same time period, Sony Computer Entertainment when it was based in Tokyo, and other companies such as Taito, Namco, Capcom, Square Enix, Konami, NEC, and SNK, among others. The space is known for the catalogs of several major publishers, all of whom have competed in the video game console and video arcade markets at various points. Released in 1965, ''Periscope'' was a major arcade hit in Japan, preceding several decades of success in the arcade industry there. Nintendo, a former hanafuda playing card vendor, rose to prominence during the 1980s with the release of the home video game console called the Famicom or "Family Computer", which became a major hit as the Nintendo Entertainment System or "NES" internationally. Sony, already one of the world's largest electronics manuf ...
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Entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ...
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Bill & Melinda Gates Foundation
The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported as of 2020 to be the second largest charitable foundation in the world, holding $49.8 billion in assets. On his 43rd birthday, Bill Gates gave the foundation $1 billion. The primary stated goals of the foundation are to enhance healthcare and reduce extreme poverty across the world, and to expand educational opportunities and access to information technology in the U.S. Key individuals of the foundation include Bill Gates, Melinda French Gates, Warren Buffett, chief executive officer Mark Suzman, and Michael Larson. The BMGF had an endowment of approximately $50 billion . The scale of the foundation and the way it seeks to apply business techniques to giving makes it one of the leaders in venture philanthr ...
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Killing Of Jamal Khashoggi
On 2 October 2018, Jamal Khashoggi, a Saudi dissident journalist was assassinated by agents of the Saudi government at the Saudi consulate in Istanbul, Turkey. Khashoggi was ambushed and strangled by a 15-member squad of Saudi assassins. His body was dismembered and disposed of. Khashoggi's final moments were captured in audio recordings, transcripts of which were subsequently made public. The Saudi government engaged in an extensive effort to cover up the killing, including destroying evidence. By 16 October, separate investigations by Turkish officials and ''The New York Times'' had concluded that the murder was premeditated and that some members of the Saudi hit team were closely connected to Mohammed bin Salman, the crown prince of Saudi Arabia. After repeatedly shifting its account of what happened to Khashoggi in the days following the killing, the Saudi government admitted on 25 October that he had been killed in a premeditated murder, but denied that the killing took pl ...
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