Riyadh, Saudi Arabia - Jordan Henderson has moved a step closer to ending his much-criticized spell with Saudi club Al-Ettifaq by undergoing a medical with Dutch side Ajax, a source close to the negotiations told AFP on Thursday. The 33-year-old England midfielder has been with the Saudi club for just six...

Davos, Switzerland -- The Saudi Minister of State for Foreign Affairs, Cabinet's member, and Climate Affairs Envoy, Adel bin Ahmed Al-Jubeir has called for diversification of energy sources to meet the increasing global demand for energy. The minister made these remarks Wednesday at a session titled “Bold Steps for a...

Riyadh, Saudi Arabia - Turkish-based Tosyali Holding is making nearly $5 billion investment in a new steel plant in Saudi Arabia, Bloomberg reported. The investment is part of Tosyali Holding's broader expansion strategy, which encompasses ventures in Algeria, Angola, Senegal, and Spain. “Our aim is to make the best quality...

Riyadh, Saudi Arabia - Saudi Aramco's President and CEO, Amin Nasser, anticipates a surge in global oil demand, projecting an increase of 1.5 million barrels per day (bpd) to reach 104 million bpd in 2024. “This is after rising by roughly 2.6 million bpd in 2023," Nasser said. "Higher demand,...

Dhahran, Saudi Arabia -- Aramco has allocated an additional $4 billion to its global venture capital arm Aramco Ventures, more than doubling the capital allotted to it, from $3 billion to $7 billion. This, Aramco said in a statement, will take Aramco’s overall venture capital allocation to $7.5 billion, which...

The growth aligns with the aims of national logistics strategy.

The contract was awarded by Dubai Roads and Transport Authority.

Riyadh, Saudi Arabia - Iran wants to elevate the levels of trade and investment exchanges with Saudi Arabia to the highest volume in the region, Iran's ambassador to Saudi Arabia, Alireza Enayati, said during his meeting Sunday with the President of the Federation of Saudi Chambers, Hassan bin Mujab Al-Huwaizi....

Riyadh, Saudi Arabia - Saudi Ministry of Human Resources and Social Development (MHRSD) announced on Monday that it has cut the upper limit of fees for recruiting domestic workers from a number of countries. These countries include the Philippines, Sri Lanka, Bangladesh, Uganda, Kenya, and Ethiopia. The initiative comes within...

The aim is to help develop of Open RAN technologies.

RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of the Prince Mohammed bin Salman Stadium, an iconic multi-use venue set to further enhance Qiddiya’s philosophy of the Power of Play. Upon opening, it is anticipated to host some of...

RIYADH, SAUDI ARABIA – The Kingdom and the People’s Republic of China signed on Monday in Beijing a memorandum of understanding for cooperation in the field of accounting, auditing and professional work. The agreement was signed by General Court of Audit (GCA) President Dr. Hussam Al-Angari and Auditor General of...

Riyadh, Saudi Arabia -- Saudi Arabia’s inflation declined to 1.5 percent in December 2023, compared with 1.7 percent in November, according to recent data by the General Authority for Statistics (GASTAT).  The cost-of-living index for December rose to 110.15 points, according to the base year 2018, from 108.53 points in the same month...

Riyadh, Saudi Arabia - The Saudi National Program to Combat Commercial Concealment has exposed various instances falling under the umbrella of commercial concealment or cover-up (tasattur) and clarified the distinctions between such practices and other violations. The program identified cases of tasattur, including scenarios where a Saudi citizen transfers ownership...

"This is in the service of humanity and in building an interconnected and innovative future in various fields, including public health, sustainability, energy, industry, and the economies of the future. This aligns with the ambitions and national priorities for research, development, and innovation declared by the Kingdom," he adds.

Riyadh, Saudi Arabia - The Saudi Arabian Boy Scouts Association will participate in the Republic Day Camp (RDC) in India from January 16 to 29. This is part of the events held by India in conjunction with its presidency of the Group of Twenty (G20) under the theme "One Earth,...

In the GCC's evolving cybersecurity realm, AI integration is crucial, driving economic growth and transforming defense strategies against complex cyber threats.

Riyadh, Saudi Arabia -- The number of individual investors on the Saudi Exchange (Tadawul) reached 6.05 million by the end of Q3 2023, an increase of 117,000 compared with the previous quarter. Argaam reported that the number of male investors reached 4.48 million in Q3 2023, while the number of...

RIYADH, SAUDI ARABIA – The third edition of the Future Minerals Forum (FMF), organized by the Kingdom’s Ministry of Industry and Mineral Resources, has witnessed the signing of several memoranda of understanding (MoUs) between a number of government agencies, companies and institutions. New exploration sites were announced as well as...

Riyadh, Saudi Arabia -- Renowned fashion designer Elie Saab will unveil the Riyadh Season Fall Collection 2025 after signing an MoU with Saudi Arabia's General Entertainment Authority. The Authority said the MoU will create a one-of-a-kind experience that intertwines fashion and entertainment during the upcoming Riyadh Season. This initiative, which...

Saudi Pro League sides have shelled out to lure big-name players while Saudi Arabia is set to host the 2034 World Cup, all part of a broader move into global sport. With Roberto Mancini, who guided his native Italy to European Championship glory in 2021, now coach, the Saudis start...

RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the World Economic Forum (WEF) annual meeting 2024 in Davos, Switzerland, showcases its vital role in addressing global challenges, particularly in supply chains and capacity building. In remarks to the Saudi...

"The Davos meeting provides a platform for showcasing Saudi Arabia’s significant efforts and progress in these areas ... International partnerships play key role in addressing contemporary challenges, particularly in food, water, energy, and securing sustainable global supply chains," he adds.

Riyadh, Saudi Arabia - Saudi Minister of Hajj and Umrah, Tawfiq Al-Rabiah, officially inaugurated the operational activities for the 1445 AH Hajj season on Friday. The commencement follows the conclusion of the third edition of the Hajj and Umrah Services Conference and Exhibition, a four-day event that showcased facilities for...

RIYADH, SAUDI ARABIA - Konoz, an initiative of the Ministry of Media's Center for Government Communication (CGC), has released a documentary called Horizon that, in collaboration with the National Center for Wildlife, highlights the abundance of wildlife and natural resources in the Kingdom. The documentary is currently being shown on...

"First of all, they are not proportional. All of these constitute disproportionate use of force," Erdogan told journalists after Friday prayers in Istanbul. Oman, a mediator in attempts to end Yemen's long-running civil war, expressed its "worry" at the strikes on Houthi rebel military targets that, according to the Houthis,...

NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within the mountains, and the latest addition to the ongoing regional development in the Kingdom. With its foundations steeped in cutting-edge technology, avant-garde architecture and forward-thinking concepts, Aquellum will offer guests...

RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the Democratic Republic of Congo (DRC), Egypt, Morocco, and Russia. One of the aims of these MoUs is to foster international cooperation in minerals between Saudi Arabia and these countries. According...

Oman emerges top performer in the GCC region.

Abu Dhabi, UAE - The UAE passport has climbed two positions to secure the 11th spot in the 2024 Passport Index by Henley & Partners. This advancement allows UAE citizens visa-free access to 183 countries. The UAE has been the most improved nation on the Index over the past decade,...

Abu Dhabi, UAE-- Stock markets across the Middle East posted record highs in 2023, with combined gains of $493 billion, propelled by strong performances in the UAE and Saudi Arabia. The UAE led the charge, adding $117.5 billion to its market value, reaching $990.6 billion by the end of last...

Berlin has loosened its stance on weapons exports to the kingdom recently, with the government praising Saudi Arabia's "constructive approach" in the Israel-Hamas war. Saudi Arabia had not renounced plans to normalize relations with Israel since the beginning of its war with Hamas, Foreign Minister Annalena Baerbock noted Sunday.

Riyadh, Saudi Arabia -- Saudi Arabia Wednesday announced preferred bidders in the fourth series of the licensing rounds conducted as part of the Accelerated Exploration Program designed to leverage the Kingdom's mineral resources in support of the development and growth of the mining sector. The development and growth of the...

Among the Arab countries, Egypt recorded the highest debt-to-GDP ratio of 92.7 percent while US and China are on an unsustainable fiscal path.

These residency products offer several benefits, including the ability to conduct business and invest in Saudi Arabia, own real estate, obtain work permits for themselves and family members and access exclusive perks and services provided by the Premium Residency Center in collaboration with government partners.

The Kingdom raised its mineral resources estimates from $1.3 trillion in 2016 on the exploration of nearly 30 percent of the Arabian Shield region, said the Minister of Industry and Mineral Resources, Bandar Alkhorayef. There are more resources to be explored and with more exploration investments, Saudi Arabia can reach the maximum capacity...

RIYADH, SAUDI ARABIA - The Saudi Electricity Company (SEC) and its subsidiary National Electricity Transmission (NET) have signed here two agreements with Emaar, The Economic City (EEC) which is the main developer of King Abdullah Economic City (KAEC). The agreement was signed in the presence of Saudi Arabia Minister of...

The US secretary of state -- on his fourth Middle East tour since the war broke out -- was back in Israel on Tuesday to meet Prime Minister Benjamin Netanyahu and members of his war cabinet, including opposition figure Benny Gantz. He also voiced hope that, after the war, Israel...

Wall Street indices enjoyed solid gains, including the Dow, which mustered a 0.6 percent advance in spite of an eight percent dive in Boeing shares after an emergency landing on an Alaska Airlines aircraft revived safety worries. "We basically are having a little bit of a bargain hunting today," economist...

Riyadh, Saudi Arabia - Saudi Arabia achieves first rank across MENA for the first time in terms of the amount of Venture Capital (VC) funding in 2023, according to MAGNiTT, the MENA-based venture data platform. The Kingdom captured the highest share of total VC funding in the year, accounting for...

RIYADH, SAUDI ARABIA - The Federation of Saudi Chambers and the National Center for Marketing and Price Study at the Ministry of Foreign Affairs of Belarus signed on Monday a memorandum of understanding to boost investment and trade between the two countries. The memo was signed at the federation's headquarters...

On his fourth regional trip since the war began, US Secretary of State Antony Blinken arrived in Saudi Arabia after talks in Abu Dhabi. Blinken "emphasized the importance of preventing further spread of the conflict", during talks with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan, a US...

"We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales)," Baerbock told journalists on a trip to Israel, in which she highlighted the Saudi role in the Middle East security crisis since the eruption of the Israel-Hamas war on October 7.

Riyadh, Saudi Arabia – The Saudi Exchange has announced the launch of the TASI50 Index, which tracks the top 50 companies listed on the Saudi Exchange by total market capitalization. The index is calculated in real time and tracks the stocks of the largest companies in the market. The companies have...

The firm will offer 6 million shares in its Initial Public Offering.

Madinah, Saudi Arabia -- The number of existing electronic-commerce records in Madinah reached 1,834 during the 4th quarter of 2023, registering a slight increase of 2.6 percent from the 1,792 records for the third quarter, according to official figures. According to the business sector bulletin for the 4th quarter of...

Jeddah, Saudi Arabia - There has been a 600% increase in green spaces in Makkah region from August to December 2023, a report by the National Center for Vegetation Cover Development and Combating Desertification has revealed, cited by Saudi Gazette. The vegetational growth is attributed to robust rainy conditions during...

RIYADH, SAUDI ARABIA  - The National Center for Wildlife, in collaboration with NEOM, has released a total of 132 animals into the NEOM Nature Reserve. This initiative aims to rehabilitate and ensure the adaptation of these animals to their new environment before releasing them into the wild. The released species...

NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during his time in the White House, a congressional report claimed. Officials from Saudi Arabia, India, Turkey and Democratic Republic of Congo were among some 20 countries' representatives who paid money...

The sovereign wealth fund acquired 23% stake in the firm.