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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

‘AI saved 1.5 billion liters of water, cut carbon emissions equivalent to 1 million trees in Saudi Arabia’

Riyadh, Saudi Arabia – Artificial intelligence (AI) has contributed to saving 150 million sheets of paper and conserving 1.5 billion...
  • Alghamdi said that the planet is facing unprecedented challenges today, from record high temperatures to escalating climate risks that threaten global stability
  • Saudi Green Initiative lies at the heart of transformative efforts, being a comprehensive national strategy comprising over 80 initiatives, he added

Saudi Space Agency launches ‘Space Futures Centre’

Riyadh, Saudi Arabia - The Saudi Space Agency (SSA) announced Sunday the launch of the Centre for Space Futures, the...
  • The Centre for Space Futures aims to enhance space research, innovation, and international collaboration, boosting Saudi Arabia's role in the global space industry
  • The Centre positions Saudi Arabia as a key player in advancing space exploration and technological innovation worldwide

Saudi-US higher education partnerships forum launched

Riyadh, Saudi Arabia - Minister of Education Yousef bin Abdullah Al-Benyan alongside U.S. Ambassador to Saudi Arabia Michael Ratney, on...
  • Saudi Arabia and the U.S. deepen academic ties with a new higher-education partnership forum, promoting student exchanges and research collaboration.
  • The Saudi-U.S. forum marks a milestone in educational cooperation, aligning academic initiatives with Saudi Vision 2030

Israeli football supporters back home after Amsterdam violence

Tel Aviv, Israel - A plane bringing Israeli football supporters home from Amsterdam landed at Israel's Ben Gurion airport on Friday after...
  • Dutch police said 62 arrests were made in connection with the violence, which erupted after a Europa League football tie between Amsterdam club Ajax and Maccabi Tel Aviv
  • Israeli Prime Minister Benjamin Netanyahu also ordered the Mossad spy agency to draw up a plan to prevent unrest at sporting events in the future

Riyadh Season 2024 signs sponsorship agreements with local, global partners

Riyadh, Saudi Arabia-- A signing ceremony for Riyadh Season 2024 sponsorships was held on Thursday at Via Riyadh.General Entertainment Authority...
  • Riyadh Season provided a sponsorship worth SAR2 million to the Association of Saving Food
  • It is a major opportunity for companies to achieve maximum exposure in global and local markets

Iran FM in Saudi for talks on Gaza and Lebanon

Iranian Foreign Minister Abbas Araghchi's arrival in Saudi Arabia aims to address Israeli military aggression in Gaza and Lebanon, seeking...
  • The Saudi Al-Ekhbariya channel broadcast footage of Saudi Foreign Minister Prince Faisal bin Farhan greeting Araghchi and his delegation in Riyadh
  • Araghchi's visit to Saudi Arabia comes as the region awaits Israel's response to an Iranian missile attack on its territory last week

UAE to host 2025 Asia-Pacific amateur championship at Emirates Golf Club

Gotemba, Japan -- The Asia-Pacific Golf Confederation (APGC), the Masters Tournament and The R&A has announced that the 16th Asia-Pacific...
  • Notable past competitors include Hideki Matsuyama, a two-time winner of the Asia-Pacific Amateur and the 2021 Masters champion, and Cameron Smith, champion of The 150th Open
  • Designed by Karl Litten and established in 1988 as the first grass course in the Middle East, Emirates Golf Club’s Majlis Course is located south of downtown Dubai

UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment

Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement...
  • Located approximately 350 kilometres northwest of Cairo, the Ras El Hekma project has garnered significant interest from Emirati investors
  • Modon Holding, the master developer for the Ras El Hekma megaproject, will steer the project in partnership with prominent partners from Egypt

Saudi Arabia to host largest health event with global participation on Oct 21-23

Riyadh, Saudi Arabia – Saudi Arabia is preparing to host the seventh edition of the Global Health Forum under the...
  • As one of the three most attended and fastest-growing health forums globally, the event will focus on raising health awareness and encouraging people to invest in their well-being
  • Major investment launches and agreements are expected to be announced, with a dedicated exhibition showcasing individual and business health advancements

Riyadh leads Saudi Arabia’s date production with record sales

Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....
  • Recent stats confirm Riyadh's leading role in date production, boosting Saudi Arabia's self-sufficiency rate to 124%
  • The Riyadh region alone accounts for 436,000 tons of the Kingdom's total annual production of over 1.6 million tons

‘Dark universe detective’ telescope releases first data

Paris, France - Europe's Euclid space telescope, which is on a mission to shed light on the mysteries of dark...

Latest News

Saudi Arabia says no Israel normalization without Palestinian state

Riyadh, Saudi Arabia - Saudi Arabia said Wednesday it will not formalize ties with Israel unless a Palestinian state is established,...

Trump doubles down on Gaza shock plan, says Israel will turn over the territory to US

Trump said that by the time of the handover, Palestinians "would have already been resettled in far safer and more...

Syrian President’s first foreign trip to Saudi Arabia signals Syria’s shift away from Iran’s influence.

Syrian President Ahmed al-Sharaa met Saudi Crown Prince Mohammed bin Salman in Riyadh, marking his first foreign visit and signaling...

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Davos2025: 33 industrial clusters from 16 countries commit to economic growth, jobs creation and emissions cuts

The Transitioning Industrial Clusters initiative aims to improve collaboration and develop a shared vision among co-located companies and public institutions,...
  • The initiative’s 33 members from 16 countries represent combined potential greenhouse gas emissions reductions comparable to the annual emissions of Saudi Arabia
  • A new report highlights the critical role that industrial clusters play in accelerating the deployment of clean-energy infrastructure at scale worldwide

Trump pledges historic tax cuts, investment growth, oil price action, and Ukraine peace effort at Davos 2025

The newly inaugurated president remarked that he would “like to meet with President Putin soon” and “get the war ended,”...
  • The newly inaugurated president said he would reduce the US corporate tax rate from 21% to 15%, with foreign companies manufacturing goods in the US benefiting directly
  • Trump also indicated that lowering oil prices could be a key step towards ending the Ukraine-Russia war, urging Saudi Arabia and OPEC to reduce the cost of oil

WEF25: Saudi delegation calls for nations to put “greater good” first

The international community must prioritize cooperation and dialogue to overcome the challenges of a fragmented world, the Saudi delegation to...
  • Saudi Arabia urges global cooperation and prioritizes private sector-led economic diversification
  • Key initiatives focus on AI, sustainability, and transforming industries for future growth