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Saudi Arabian Crown Prince Mohammed bin Salman Al Saud has announced the launch of the New Murabba Development Company to develop the world's largest <keyword id="16555985" type="General" weightage="20" keywordseo="modern-downtown" source="Orion">modern downtown</keyword> in the capital of Riyadh. The downtown will be completed in 2030 and is expected to generate 180 billion Saudi Riyals ($48.6 billion) to non-oil GDP, Xinhua news agency reported, citing a Saudi Press Agency report. The project is also expected to create 334,000 direct and indirect jobs. The project will cover an area of 19 square km to accommodate hundreds of thousands of residents. It will feature an iconic museum, a technology and design university, an immersive multipurpose theater, and more than 80 entertainment and culture venues. The establishment of the New Murabba Development Company is one project of the Public Investment Fund, <keyword id="50996" type="General" weightage="20" keywordseo="Saudi-Arabia" source="Orion">Saudi Arabia</keyword>'s sovereign wealth fund, to unlock the capabilities of promising sectors, and diversify sources of income for the oil-dependent Saudi economy. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/realme-gt3-smartphone-can-be-fully-charged-in-9-minutes/articleshow/97971726.cms">Realme GT3 with 240W charging can charge from 0-100 in nine minutes - launch date, specs, and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-11-india-price-launch-offers-specs-and-everything-you-need-to-know/articleshow/97904720.cms">OnePlus 11 India price, launch offers, specs and everything you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-13-pro-with-leica-powered-camera-to-launch-in-india-on-february-26-heres-how-its-camera-was-made/articleshow/97765165.cms">Xiaomi 13 Pro with Leica-powered camera to launch in India on February 26 — here’s how its camera was made</a>

Saudi Arabia announces world's largest modern downtown in Riyadh

<keyword id="16556319" type="General" weightage="20" keywordseo="indian-american-neal-mohan" source="Orion">Indian-American Neal Mohan</keyword> will be the <keyword id="16555237" type="General" weightage="20" keywordseo="new-youtube-ceo" source="Orion">new YouTube CEO</keyword>, as current head Susan Wojcicki has announced to step down after 25 years at the Google-owned company. Currently chief product officer, Mohan became part of Google, the parent company of YouTube, in 2008. He is a Stanford graduate and earlier worked with Microsoft. Mohan and Wojcicki have worked together for nearly 15 years. He became YouTube's chief product officer in 2015. "Today, after nearly 25 years here, I've decided to step back from my role as the head of YouTube and start a new chapter focused on my family, health, and personal projects I'm passionate about," Wojcicki said in a blog post late on Thursday. She has agreed with Sundar Pichai to take on an advisory role across Google and Alphabet. "This will allow me to call on my different experiences over the years to offer counsel and guidance across Google and the portfolio of Alphabet companies," she added. Wojcicki managed marketing, co-created Google Image Search, led Google's first Video and Book search, as well as early parts of AdSense's creation, worked on the YouTube and DoubleClick acquisitions, served as SVP of Ads, and for the last nine years, was the CEO of YouTube. "I took on each challenge that came my way because it had a mission that benefited so many people's lives around the world: finding information, telling stories and supporting creators, artists, and small businesses," she noted. "Mohan will be the SVP and new head of YouTube. I've spent nearly 15 years of my career working with Mohan, first when he came over to Google with the DoubleClick acquisition in 2007 and as his role grew to become SVP of Display and Video Ads," said Wojcicki. He has set up a top-notch product and UX team, played pivotal roles in the launch of some of the biggest products, including YouTube TV, YouTube Music and Premium and Shorts, and has led the Trust and Safety team. Mohan ensured that "YouTube lives up to its responsibility as a global platform". "With all we're doing across Shorts, streaming, and subscriptions, together with the promises of AI, YouTube's most exciting opportunities are ahead, and Mohan is the right person to lead us," said Wojcicki. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/saudi-arabia-announces-worlds-largest-modern-downtown-in-riyadh/articleshow/97998867.cms">Saudi Arabia announces world's largest modern downtown in Riyadh</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/air-india-to-buy-220-boeing-aircrafts-for-34-billion-seating-capacity-and-more/slidelist/97967663.cms">Air India to buy 220 Boeing aircrafts for $34 billion – seating capacity and more</a>

Indian-American Neal Mohan is new YouTube CEO

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">REUTERS/Omar IbrahimLebanese army soldiers patrol the streets of the Sunni Muslim Bab al-Tebbaneh neighbourhood in Tripoli, northern Lebanon December 4, 2013.</div></div></div>Lebanon's military plan to use unprecedented financial aid from Saudi Arabia to purchase modern weapons from France as they struggle to contain violence spilling over from conflict in neighboring Syria
Saudi Arabia has pledged $3 billion to Lebanon to help strengthen the country's armed forces and purchase weapons from France, Lebanon's president said Sunday, calling it the biggest grant ever for the nation's military.
Michel Sleiman, who made the surprise announcement in a televised national address, did not provide any further details. The Lebanese army has struggled to contain a rising tide of violence linked to the civil war in neighbouring Syria, a conflict that has inflamed sectarian tensions in Lebanon and threatened the country's stability.
"The Saudi king decided to give a generous, well-appreciated grant to Lebanon amounting to $3 billion for the Lebanese army, which will allow it to buy new and modern weapons," Sleiman said. "The king pointed out that the weapons will be bought from France quickly, considering the historical relations that tie it to Lebanon and the military cooperation between the two countries."
Sleiman said he hoped Paris would quickly meet the initiative, and help the Lebanese army with arms, training and maintenance.
French President Francois Hollande, who was in Riyadh Sunday for talks with Saudi King Abdullah, said that France would help if requested to do so.
"If there are demands that are addressed to us, we will satisfy them," Hollande told reporters.
Fragile in the best of times, Lebanon is struggling to cope with the fallout from Syria's civil war. That conflict has deeply divided Lebanon along confessional lines, and paralyzed the country's ramshackle political system to the point that it has been stuck with a weak and ineffectual caretaker government since April.
It has also seen a wave of deadly bombings and shootings that have fuelled fears that Lebanon, which suffered a brutal 15-year civil war of its own that only ended in 1990, could be slowly slipping back toward full-blown sectarian conflict.
In a nod to those concerns, Sleiman said in his address that "Lebanon is threatened by sectarian conflict and extremism," and said that strengthening the army is a popular demand.
The Lebanese army is generally seen as a unifying force in the country, and draws its ranks from all of Lebanon's sects. But it has struggled to contain the escalating violence in the country since the outbreak of the Syrian conflict. It is also widely considered much weaker than the Shiite Hezbollah militant group, which is armed and funded by regional Shiite-power and Saudi-rival Iran.
The Saudi pledge appeared aimed, at least in part, at boosting the military in relation to Hezbollah.
Historically, the Lebanese army has been equipped by the United States and France.
Washington has provided hundreds of millions of dollars of military aid in recent years to Lebanon that has included armored vehicles, weapons and training for the Lebanese army. The U.S. says the program aims to strengthen Lebanese government institutions.
Lebanon's tenuous grip on stability was made clear Friday, when a car bomb killed senior Sunni politician Mohammed Chatah, who had been critical of Syria and Hezbollah.
On Sunday, hundreds of mourners packed into a landmark mosque in downtown Beirut to bid farewell to Chatah, a former finance minister and top aide to ex-Prime Minister Saad Hariri.
Chatah, a Sunni, was affiliated with Hariri's Western-backed coalition, which has been locked in a bitter feud with a rival camp led by Hezbollah. Hariri, whose own father was killed by a massive car bomb in 2005, has indirectly blamed Hezbollah for Chatah's assassination.
After a sombre funeral service inside Beirut's blue-domed Mohammed al-Amin Mosque, pall-bearers carried Chatah's casket to the adjacent funeral tent where he was buried next to Hariri's father, Rafik. At several points during the ceremony, some in the crowd broke into chants of "a terrorist, a terrorist, Hezbollah is a terrorist!"
Speaking later, Fouad Siniora, an ally of Chatah, praised his late colleague as a voice of moderation, and promised those in the crowd that such political killings will not knock the Lebanese off their course.
"We will not surrender. We will not back down. We are not afraid of terrorists and murderers. It is they who should be afraid. They kill to govern. While we reiterate our commitment to Lebanon of coexistence and civil peace," he said.
Siniora, who is a former prime minister, also took a swipe at Hezbollah, saying "we have decided to liberate Lebanon from the occupation of illegitimate weapons." Hezbollah's critics accuse the group of being a veritable state-within-a-state because it has maintained its own militia.
The car bombing that killed Chatah was reminiscent of a string of assassinations of around a dozen members of the anti-Syrian Hariri camp between 2004 and 2008, the biggest of which was the powerful blast that killed Hariri's father, Rafik, who also was a former prime minister.
Edited by Steve Wilson

Saudi Arabia Is Giving Lebanon $3 Billion To Strengthen Its Army 

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You Searched For "modern downtown in Riyadh" and got 3 results

Saudi Arabia announces world's largest modern downtown in Riyadh

IANS

Indian-American Neal Mohan is new YouTube CEO

IANS

Saudi Arabia Is Giving Lebanon $3 Billion To Strengthen Its Army

Associated Press

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