Riyadh, Saudi Arabia - Egypt and Israel have agreed to let US citizens leave the Gaza Strip through the Rafah crossing on Saturday as Israel carries out strikes against Hamas, a US official said. The two US partners agreed to keep the sole crossing from Gaza to Egypt open from 12:00...

RIYADH, SAUDI ARABIA - The business sector in the Kingdom reported a 24 percent rise year-on-year (YoY) in operating revenues to US$1.35 trillion (SAR 5.07 trillion) in 2022. Operating revenues are the cash revenues generated from core or other sub-activities, according to the General Authority for Statistics (GASTAT). The business...

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) reported an 11.66 percent surge in container traffic across its trade hubs during September, handling 732,293 Twenty-foot Equivalent Unit in comparison to 655,831 TEUs a year earlier. Monthly statistics further show an 18.2 percent increase in exported containers from 198,529 TEUs...

The film is about an overworked delivery app driver in Riyadh, Fahad Nassir, who has taken a bold step into the world of bootlegging.

RIYADH, SAUDI ARABIA - The first wind turbines have arrived at what Saudi officials bill as the world's biggest green hydrogen plant, in the futuristic NEOM megacity, the project's CEO told AFP on Tuesday. "This week, we have our first delivery of wind turbines. They actually arrived in the port of...

The firm will drive strategic investments and partnerships

RIYADH, SAUDI ARABIA - The Clean Development Mechanism Designated National Authority (CDMDNA) announced on Monday the operation of Saudi Arabia's domestic market mechanism, Greenhouse Gas Crediting and Offsetting Mechanism (GCOM), at MENA Climate Week 2023 here.  This step reflects the Kingdom’s role in addressing climate challenges and enabling institutions to...

RIYADH, SAUDI ARABIA - India and Saudi Arabia signed a Memorandum of Understanding (MoU) here in electrical interconnection, green/clean hydrogen, and supply chains. The MoU was signed by Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and India’s Minister of Power and New and Renewable...

Riyadh, Saudi Arabia - The president of the upcoming COP28 climate talks in Dubai called on Sunday for governments to abandon the "fantasy" of hastily ditching existing energy infrastructure in pursuit of climate goals. "We cannot unplug the energy system of today before we build the new system of tomorrow. It...

Riyadh, Saudi Arabia - Saudi Arabia has signalled its willingness to increase oil production to earn goodwill for a historic three-way agreement involving the US-Saudi defense pact, weapons sales, and a civilian nuclear program, Wall Street Journal reported on Friday.  Saudi officials have reportedly informed the White House that they...

RIYADH, SAUDI ARABIA - King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa onboard bulk carrier IANTHE last month, making it the first ever shipment of the oil byproduct from the Yanbu-based hub. The South Africa bound cargo also marks the resumption of bitumen exports...

Riyadh, Saudi Arabia - The Gulf Cooperation Council (GCC) has approved several more regulations and resolutions as part of its bid to accelerate economic integration.  According to the GCC Secretary-General Jassem Mohamed Albudaiwi, the grouping at the 120th meeting of the GCC Financial and Economic Cooperation Committee in Muscat, took...

RIYADH, SAUDI ARABIA – The Saudi Exchange's (Tadawul) sukuk and bonds market witnessed 74 negotiated deals worth nearly SAR 12.77 billion in the first nine months of 2023. March recorded the highest number and value of deals, as 18 transactions were executed at a total value of US$853 million. KSA...

Riyadh, Saudi Arabia - Jisr, the largest platform for digitizing human resources operations in Saudi Arabia, has closed an investment round worth 30 million US dollars (SR 112.5 million). This marks the largest Series A investment round for a Software as a Service (SaaS) company in the Middle East. The...

Riyadh, Saudi Arabia - In a historic diplomatic event, Israeli Communications Minister Shlomo Karhi delivered a speech in Saudi Arabia on Wednesday, becoming the first Israeli politician to do so in a country that had no prior diplomatic ties with Israel, Jerusalem Post reported. “We greatly appreciate the tireless efforts...

Riyadh, Saudi Arabia – Saudi “flynas” airline announced the delivery of five A320neo aircraft to increase its all-Airbus fleet to 56 airplanes, reflecting a growth of more than 100% in the past two years. The latest deliveries come as part of the expansion plan launched under the title "We connect...

"While economic challenges are rife across the country, rising inflation and the deterioration of public services are making life unbearable," said a statement signed by 35 Yemeni groups and 13 international aid organizations including the Danish Refugee Council and Save the Children.

The aim is to advance insurance services in the Kingdom.

SVC is a government investment firm established in 2018.

The company acquires 51 percent stake in First Fix.

Riyadh, Saudi Arabia - Saudi Arabia has so far issued 162 regional center licenses to the companies relocating their headquarters to the Kingdom, Saudi ministry of finances said. The Regional Headquarters Program, a collaborative effort spearheaded by the Ministry of Investment and the Royal Commission for Riyadh, is working diligently...

Riyadh, Saudi Arabia - Saudi Arabia is among the top 10 countries in the world in coffee consumption, leading the government to adopt various initiatives and programs to foster the beverage's cultivation. The Kingdom currently produces more than 400,000 Arabica coffee trees, yielding over 800 tons annually, from the regions...

RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday to expand bilateral cooperation in communications and information technology by accelerating digital transformation, promoting innovation and developing digital infrastructure. Saudi Arabia’s Minister of Communications and Information Technology Eng. Abdullah Alswaha...

RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of sales for the latest phase of SEDRA, the group’s flagship integrated community development here. According to a ROSHN Group press release, SEDRA phase 3 will add 3,438 more houses to...

RIYADH, SAUDI ARABIA - Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed AlBudaiwi said that preliminary free trade agreement (FTA) between the GCC and Pakistan will help strengthen trade relations and economic cooperation with countries and international blocs. The statement was made during the signing ceremony of the preliminary...

Riyadh, Saudi Arabia  -- Saudi Arabia aims to become a global player in manufacturing electric vehicles (EVs) and related products, including electric batteries, Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef said on Thursday  “The inauguration of Lucid Motor’s plant confirms the sound implementation of the National Industrial Strategy...

Riyadh, Saudi Arabia - Saudi Arabia has announced its intention to revise its tourism goals, increasing the target number of visitors from the previous 100 million by 2030 to a new goal of 150 million, Mahmoud Abdulhadi, the Deputy Minister of Destination Enablement at the Ministry of Tourism, said  during...

Riyadh, Saudi Arabia - The Saudi Commission launched Wednesday "Saudi Football Trouq", a unique initiative that is dedicated to the documentation of Saudi football club chants. This endeavor, driven by the commission's commitment to preserving the Kingdom's diverse musical and artistic heritage, is carried out in collaboration with the Saudi...

RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom. The bilateral agreement, signed on behalf of the Ministry of Tourism of Saudi Arabia allows Chinese citizens to travel to the Kingdom in group tours in addition to facilitating greater ease of access. ADS...

Riyadh, Saudi Arabia - Saudi Arabia has attracted 135 million visitors to events hosted in 120 cities up to the first half of 2023,Turki Alalsheikh, the head of  Saudi Arabia's General Entertainment Authority (GEA), announced it on social media. The GEA has been instrumental in transforming Saudi Arabia's entertainment landscape,...

The exhibition saw the launch of massive real estate ventures, including integrated, modern cities, with a combined investment of around $18.3 billion. Some of the these projects are nearing completion.

Riyadh, Saudi Arabia - The Anti-Money Laundering Permanent Committee (AMLPC) hosted a coordination meeting with relevant Saudi permanent committees on Thursday to discuss enhancing systems of countering money laundering, finance of terrorism, and proliferation. The meeting was chaired by Ayman Al-Sayari, governor of the Saudi Central Bank (SAMA) and AMLPC...

Armored cars, missiles and thousands of uniformed fighters filed past Houthi dignitaries in a show of strength from the Iran-backed group, as a military jet buzzed overhead. The parade took place two days after a Houthi delegation left Riyadh following "positive" but inconclusive talks aimed at ending a war that has ravaged...

Saudi Arabia and Iran-backed Houthi rebels put a positive spin on the inconclusive talks in Riyadh as diplomatic efforts increased to end Yemen's war. The five days of talks were "positive", Saudi officials and a senior Houthi said, after the rebel delegation ended the first public visit to the Saudi...

The Riyadh trip, five months after the rebels hosted a Saudi team in Sanaa, is the latest hopeful sign for a war that has created one of the world's worst humanitarian crises. The Houthis also met with Saudi defense minister Prince Khalid bin Salman, brother of de facto ruler Crown...

Riyadh, Saudi Arabia - About 92% of respondents in Saudi Arabia consider ‘critical national infrastructure’ and are willing to pay more for sustainable broadband with roughly a quarter of them prepared to pay over 20% more for eco-friendly connectivity., a Cisco survey in the kingdom has found.  The survey, encompassing...

Riyadh, Saudi Arabia-- The Airports Council International (ACI) for Asia-Pacific and the Middle East has established its first office in Riyadh. Saudi Minister of Transport and Logistics Services and Chairman of the Board of Directors of the General Authority of Civil Aviation (GACA), Saleh Al-Jasser, inaugurated the office yesterday. Al-Jasser...

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) said that national airlines in the Kingdom have issued compensations totaling US$15 million (SAR58 million) to passengers in the period 2021-2022. These compensations, according to GACA, were given primarily to deal with issues such as delays, loss of luggage,...

Riyadh, Saudi Arabia - The UNESCO World Heritage Committee, during its 45th session held in Riyadh, unveiled fifteen new additions to its World Heritage List, drawing attention from both historical enthusiasts and geopolitical spectators alike. "Tell es-Sultan-Jericho", a prehistoric site near the Palestinian city of Jericho, was inscribed, a move...

RIYADH, SAUDI ARABIA – The Kingdom’s Governor of the Communications, Space and Technology Commission (CST) Dr. Mohammed Saud Al-Tamimi participated in the Broadband Commission for Sustainable Development annual meeting in New York. The meeting was held on the sidelines of the 78th session of the United Nations General Assembly. The...

The United Nations' cultural organization inscribed the "pre-historic site of Tell al-Sultan" located near the occupied West Bank city of Jericho on its World Heritage List, UNESCO said. The decision, which was posted by the organization on X, formerly Twitter, was taken at UNESCO's 45th world heritage committee meeting held...

RIYADH, SAUDI ARABIA - The Kingdom's Ministry of Economy and Planning signed a deal with Alfaisal University to promote economic development and implement awareness programs, in line with Saudi Vision 2030 goals. Under the MoU, the two parties will cooperate to promote economic development, activate academic research, implement awareness programs...

Sanaa, Yemen - Flooding and lightning strikes in Yemen have killed eight civilians, an official and a doctor told AFP on Saturday, underscoring the threat of extreme weather in the war-ravaged country. The lightning strikes occurred on Friday in the Al-Layha and Al-Zahra districts of Hodeida governorate on the Red Sea...

Riyadh, Saudi Arabia -  Aramco, one of the world’s leading integrated energy and chemicals companies, has announced its agreement to acquire a 100% equity stake in Esmax Distribusción from Southern Cross Group,  a Latin America-focused private equity company.  The acquisition marks Aramco's entry into the South American retail market.  Esmax...

Riyadh, Saudi Arabia - A substantial 62% of employees in Saudi Arabia are eager to acquire improved digital skills in their daily work with computers and other digital devices, a survey conducted by Kaspersky, a cybersecurity company, has revealed.  The findings also exposed a troubling trend, with 45% of respondents...

The Houthis' visit, expected within the coming days, will raise hopes of a breakthrough in the quagmire conflict that has left hundreds of thousands dead through direct and indirect causes such as famine. It comes five months after Saudi officials held talks in Sanaa, and as a UN-brokered ceasefire continues...

TEHRAN, IRAN - Saudi Arabia's Ambassador to Iran Abdullah bin Saud al-Anzi has said that relations between the two countries will be strong in all areas, including trade, economy and investment. Speaking to IRNA in Tehran, the Saudi envoy expressed satisfaction with the start of a new chapter in his...

Riyadh, Saudi Arabia - Saudi Venture Capital (SVC) has made a $5 million investment in a fintech fund managed by VentureSouq (VSQ), primarily targeting early-stage fintech startups. The SVC, established in 2018, is a government investment company and a subsidiary of the SME Bank, one of the development banks affiliated...

An Israeli delegation attended a UNESCO meeting in Riyadh, marking the country's first publicly announced visit to Saudi Arabia as speculation grows about a potential normalization of ties. The five-member delegation arrived, an Israeli official told AFP, for the meeting to update UNESCO's world heritage list of cultural and historic...

Riyadh, Saudi Arabia - Saudi Arabia's leading real estate developer, ROSHN Group, announced on Sunday a series of commercial partnerships totaling $2.4 billion, Saudi Press Agency (SPA) reported. The most significant deal, valued at $2.05 billion, was signed with China Harbor Engineering to develop 6,700 residential units in Riyadh's Sedra...