Red Sea Global opens Shura island with three world-class resorts accessible to all
Tabuk, Saudi Arabia - Red Sea Global announced the opening of the first resorts and attractions on Shura Island, which will begin welcoming guests in the coming weeks. This milestone marks a pivotal step toward realizing Saudi Vision 2030, diversifying the national economy, and strengthening the Kingdom's position on the...
Global oil supply hit record high in August: IEA
Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production, with a looming surplus keeping prices in check, the International Energy Agency said Thursday. Eight key members of OPEC+ group, including Saudi Arabia and Russia, have been gradually increasing production...Saudi launches Damascus area reconstruction project
Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus, weeks after inking investment deals worth billions to help rebuild the country's infrastructure.Saudi launches Damascus area reconstruction project
Damascus, Syria -- Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus, weeks after inking investment deals worth billions to help rebuild the country's infrastructure. The oil-rich Gulf kingdom has been a major backer of the new Syrian government, which came to...Arab bloc says no peace without a Palestinian state and end to ‘hostile’ Israel actions
The League said that "the failure to reach a just solution to the Palestinian cause and the hostile practices of the occupying power" remain major obstacles to "peaceful coexistence" in the region.Saudi non-oil exports increase by 17.8 percent in second quarter
Riyadh, Saudi Arabia -- Saudi Arabia’s non-oil exports rose by 17.8 percent in the second quarter of 2025, according to official data. The increase included a 46.2 percent rise in re-exports, while national non-oil exports excluding re-exports grew by 5.6 percent, the General Authority for Statistics of Saudi Arabia reported....Buraidah date carnival boosts Saudi tourism and economy
Buraidah, Saudi Arabia -- The Buraidah Date Carnival witnessed growing economic and tourism activity, making it a key destination for thousands of visitors from across the Kingdom, the Gulf, and the world. The event combined morning date auctions with a variety of cultural and entertainment activities held in the evening...After DJs and raves, Saudi Arabia pushes home-grown culture
Riyadh, Saudi Arabia -- First, deeply religious Saudi Arabia opened its doors to Western raves and music festivals. Now it's turning to long-neglected Saudi traditions as it seeks to draw tourists and reshape its national identity. In "Terhal", a lavish stage show in Riyadh, an actor in a red-and-white headdress...‘Like hell’: Indoor heat overwhelms Saudi Arabia’s cooks, bakers
Riyadh, Saudi Arabia -- Baker Eid Ahmed just can't get away from Saudi Arabia's notorious heat: he makes bread next to a sweltering oven for 13 hours a day, only to step outside into summer temperatures that can soar past 45C. Armed with an ice-cold water bottle and a wet...Saudi Falcons Club launches interactive pavilion for young enthusiasts
Riyadh, Saudi Arabia -- The Saudi Falcons Club has dedicated an interactive pavilion titled "Falconer of the Future" as part of the International Falcon Breeders Auction 2025, taking place at the club's headquarters in Malham, north of Riyadh, until August 25. This pavilion aims to introduce the younger generation to...Neo Space Group launches Saudi Arabia’s first earth observation marketplace
Riyadh, Saudi Arabia -- Neo Space Group (NSG), a Public Investment Fund (PIF) company, has announced the launch of the Earth Observation (EO) Marketplace, the Kingdom’s first dedicated EO data marketplace, powered by UP42 – a company fully owned by NSG. The platform is designed to meet the growing demand...Eight OPEC+ countries raise production by 547,000 bpd to regain market share
Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, along with the Saudis and Russians currently produce about 41-42 mbd.Saudi Arabia, UAE rank among top 20 nations globally for AI talent density
With the goal of becoming one of the world’s top 10 countries in AI research and application by 2030, Saudi government aims to attract USD 20 billion in AI investments while creating 200,000 high-tech jobsPortugal’s Felix joins Ronaldo at Al Nassr in Saudi
Riyadh, Saudi Arabia -- Portuguese forward Joao Felix has signed a two-year deal with Saudi Arabia's Al Nassr, where he will join Cristiano Ronaldo, the club announced Tuesday. Felix, now 25, made a blockbuster move from Benfica to Atletico Madrid in 2019, but has since seen his fortunes decline. "I'm...First foreign firm takes ownership of Saudi football club
The Harburg Group -- led by American Ben Harburg -- said it had "officially completed the 100 percent acquisition of Al Kholood Club, of the Saudi Pro League, as part of the groundbreaking privatization initiative of Saudi Vision 2030."Saudi investors’ delegation arrives in Syria, aims to invest billions
Riyadh, Saudi Arabia -- A Saudi delegation of over 100 investors arrived in Damascus on Wednesday ahead of a conference aimed at securing billions of dollars in deals to help rebuild war-battered Syria. The kingdom has been one of the major backers of the new Syrian government that seized power...Saudi leads MENA in VC funding for H1, surpassing 2024’s full-year total
Riyadh, Saudi Arabia -- Saudi Arabia retained the top spot across the Middle East and North Africa region in terms of Venture Capital (VC) funding in the first half of 2025, according to the “H1 2025 MENA Venture Investment Report”. A total of $860 million was deployed during the period, surpassing...Esports World Cup returns with record-breaking participation, global reach
Riyadh, Saudi Arabia - Saudi Arabia continues to cement its position as a global hub for gaming, esports, and entertainment by hosting the largest-ever edition of the Esports World Cup (EWC), setting new records and attracting unprecedented international participation. The event marks a historic milestone in the esports industry, underscoring...Iran FM holds talks with Saudi Crown Prince after Tehran’s ceasefire with Israel
Saudi Prince Mohammed bin Salman said his country hoped the truce would contribute to regional stability, and emphasised Riyadh's position "in supporting dialogue through diplomatic means as a path to resolving disputes."Saudi chocolate industry booms with over 3,500 commercial records
Riyadh, Saudi Arabia -- On the World Chocolate Day, Saudi Arabia's Ministry of Commerce announced that the total number of existing commercial records for cocoa and chocolate manufacturing activities in Saudi Arabia reached 3,532 by the end of the second quarter of 2025. Riyadh leads the Kingdom in chocolate manufacturing,...Saudi Arabia to host Italian Super Cup in December
Rome, Italy -- Next season's Italian Super Cup will be played for the fourth time in Saudi Arabia but in December instead of January, the president of the Italian League announced on Tuesday. "The dates for the Super Cup are December 18 and 19 for the semi-finals, and the 22...Cristiano Ronaldo extends contract with Saudi Arabia’s Al Nassr until 2027
Riyadh, Saudi Arabia -- Cristiano Ronaldo inked a two-year extension with Saudi Arabia's Al Nassr, the club announced Thursday, following months of speculation over which team he would sign for next season. "Cristiano Ronaldo is staying at @AlNassrFC until 2027," the club wrote in a post on X. Minutes before the...Saudi says ‘no radioactive effects’ detected, more US embassy staff leaves Iraq
"No radioactive effects were detected on the environment of the Kingdom and the Arab Gulf states as a result of the American military targeting of Iran's nuclear facilities," the kingdom's Nuclear and Radiological Regulatory Commission wrote in a post on X.MENA Brief | June 18: Oil calms after Trump’s threat rattles markets; UAE-Iran calls, Riyadh Air signs big Rolls-Royce deal
Oil prices steadied Wednesday after Trump’s demand for Iran’s ‘unconditional surrender’ roiled markets and revived supply fears, as regional diplomacy and major Gulf business deals unfolded alongside.MENA brief Jun 17: ADNOC Drilling appoints new CEO, Riyadh up in startup ranking
The DMCC Crypto Centre welcomed Bitcoin.com, which is setting up its first MENA office in Dubai. The Arab Coordination Group announced it had disbursed $19.6 billion in 2024 across 90+ countries.Saudi Arabia and Qatar to host Asian playoffs for World Cup: AFC
Kuala Lumpur, Malaysia -- Saudi Arabia and Qatar will host the Asian qualifying playoffs for the 2026 World Cup, the Asian Football Confederation (AFC) said Friday. Six teams, the third and fourth-placed sides from the recent Asian qualifiers, namely Indonesia, Iraq, Oman, Qatar, Saudi Arabia and the United Arab Emirates,...MENA brief Jun 13: Prince Salman to skip G7 meet, OpenAI in funds talks with PIF
In the financial sector, Fitch Ratings has projected a notable uptick in mergers and acquisitions within Saudi Arabia’s insurance industry. In Jordan, tourism revenue rose 17.5% in May to $630 million, bringing total earnings for the first five months of 2025 to $3.06 billion.MENA Brief: Key Geopolitical, Defence, and Innovation Updates – June 11, 2025
Regional tensions, high-stakes defence deals, and new innovation-led collaborations defined the Middle East and North Africa landscape on Wednesday. Here’s your quick briefing:MENA brief Jun 11: Umrah returns, ADGM surges, Abu Dhabi property market up
China has extended visa-free entry for up to 30 days to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain—boosting bilateral tourism and commerce from June 9, 2025, through June 8, 2026.Saudi Arabia’s real GDP grows by 3.4 percent in Q1 mainly on non-oil activities
Riyadh, Saudi Arabia -- Saudi Arabia’s first quarter real Gross Domestic Product (GDP) grew by 3.4 percent year-on-year, according to the latest report from the General Authority for Statistics (GASTAT), primarily driven by a 4.9 percent surge in non-oil activities and a 3.2 percent rise in government activities. GASTAT’s data...MENA Mergers & Acquisitions deal value up 66% in Q1, hits $46 Billion
Dubai, UAE -- The Middle East and North Africa (MENA) region has kicked off 2025 with a record-breaking first quarter in mergers and acquisitions (M&A), as deal value soared to $46 billion—a 66% increase year-on-year (YoY). According to Saudi M&A Consulting, this robust growth reflects rising investor confidence, favorable regulatory...Key MENA trends: M&A surge to five-year high, Saudi port activity rises in May
Qatar's foreign reserves rise 3.6 percent year-on-year despite a dip in bonds and treasury holdings, Iraq releases Australian and Egyptian engineers and other developments.Inside Saudi’s hajj-only barbershop, shaving thousands of heads in a day
Mina, Saudi Arabia -- Near the holy city of Makkah, men in white robes stand quietly in a long queue, waiting for the next important act of their hajj pilgrimage: a haircut. Shaving or cutting the hair comes near the end of the hajj, and marks the moment when pilgrims...Saudi, Egypt, UAE drive strategic moves across sectors and borders
Saudi Arabia records the lowest Hajj attendance in three decades—outside the pandemic years—triggered by tighter visa restrictions; Special Envoy Zhai Jun meets Egypt’s Foreign Minister to discuss the Gaza crisis and broader Middle East peace efforts.‘Italian genius’ Inzaghi to coach Saudi Arabia’s Al Hilal
Riyadh, Saudi Arabia -- Former Inter boss Simone Inzaghi was revealed as the new coach of Saudi Arabia's Al Hilal on Thursday, days before they take part in the new-look Club World Cup. The Italian, who led Inter to a heavy defeat in Saturday's Champions League final, had earlier played...MENA Outlook: Diversification, AI, and economic integration take centre stage
As the region pivots toward a post-oil future, recent developments across the Middle East and North Africa suggest an accelerating shift—driven by policy ambition, digital reform, and investment recalibration.IMF upgrades Saudi real GDP growth forecast to 6% in 2025, up from
Riyadh, Saudi Arabia -- The International Monetary Fund (IMF) has revised upwards its forecast for Saudi Arabia's economic growth to 6 percent in 2025, an increase from the earlier prediction of 5.5 percent. This adjustment from earlier estimates reflects the impact of extended oil production cuts and a slower-than-expected rebound...Million-plus pilgrims to begin hajj under blazing sun
About 1.4 million pilgrims arrived in Saudi Arabia ahead of the multi-day hajj, one of the five pillars of Islam that must be performed at least once by all Muslims with the means.Saudi hosts urge pilgrims to stay indoors during hajj high point
Makkah, Saudi Arabia -- Saudi authorities have asked pilgrims performing the hajj to remain in their tents for several hours during the high point of this week's pilgrimage, citing high temperatures. According to a report in Saudi media, Hajj Minister Tawfiq al-Rabiah has requested that pilgrims refrain from leaving their...Saudi FM says blocking of West Bank delegation shows Israeli rejection of peace process
Ministers from Saudi Arabia, Egypt, Jordan and Bahrain, along with the Arab League chief, had planned a trip to the Palestinian territory, but Israel said Friday that it would not cooperate.Arab ministers condemn Israel ‘ban’ on planned West Bank visit to meet president Abbas
The ministers condemned "Israel's decision to ban the delegation's visit to Ramallah (on Sunday) to meet with the president of the State of Palestine, Mahmud Abbas", the Jordanian foreign ministry said.Saudi top diplomat says ‘at vanguard’ of efforts to rebuild Syria after 14 years of civil war
On a visit to Riyadh earlier this month, US President Donald Trump said he would lift US sanctions on Syria, a move that should help pave the way for economic recovery in the war-torn country.Saudi foreign minister Prince Faisal bin Farhan to make rare West Bank visit
Prince Faisal will head a delegation to Ramallah, the first such trip since Israel first occupied the Palestinian territory in 1967. Saudi Arabia sent a lower-level delegation to Ramallah in September 2023.No permit, no hajj: Saudi intensifies crackdown after heat deaths
Riyadh, Saudi Arabia -- Saudi Arabia is ramping up a crackdown on unregistered worshippers at next week's hajj pilgrimage, a year after hundreds perished in scorching conditions. Regular raids, drone surveillance and a barrage of text alerts are aimed at rooting out unauthorized visitors hoping to mingle among the crowds...With AI and more shade, Saudi Arabia set for a searing hajj
Riyadh, Saudi Arabia -- With artificial intelligence, more shade and misting machines, Saudi authorities are preparing to welcome more than a million hajj pilgrims amid punishing summer heat that has a deadly history in the holy city of Mecca. Saudi Arabia's hajj minister Tawfiq al-Rabiah told AFP on Thursday that...OPEC+ ministers, led by Saudi Arabia and Russia, meet as oil output hike looms despite falling prices
The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output for May and June.Saudi Arabia unveils ‘Colour Your Summer’ program, targeting 41 million visitors
Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector is poised for an unprecedented summer season, with the official launch of the "Saudi Summer 2025" program, themed "Colour Your Summer." The initiative, unveiled today by Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Board of the Saudi Tourism Authority (STA),...Hajj pilgrimage to begin on June 4: Saudi state media
Riyadh, Saudi Arabia - Saudi Arabia announced on Tuesday that the annual Muslim hajj pilgrimage to Mecca would begin on June 4 after astronomical observatories spotted the crescent moon, marking the start of the lunar month. The date was announced by the supreme court in a statement carried by the...Is Cristiano Ronaldo leaving Saudi Arabia? Cryptic post fuels speculation
Riyadh, Saudi Arabia -- Questions swirled over Cristiano Ronaldo's future in Saudi Arabia on Tuesday, hours after the superstar indicated he might be leaving Al Nassr in a social media post, just hours following the end of the Saudi Pro League season. The 40-year-old Portuguese forward joined Al Nassr in...OPEC+ expected to open taps more despite price slump
The Organization of the Petroleum Exporting Countries and their allies - collectively known as OPEC+ - have justified their change in strategy by citing "current healthy market fundamentals, as reflected in the low oil inventories".TOURISE 2025: Riyadh to host premier summit for sustainable tourism
Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set to transform the future of the tourism industry. The inaugural TOURISE 2025 event will take place in Riyadh from November 11-13, bringing together public and private sector leaders, experts, and...