Riyadh, Saudi Arabia – A farm in Saudi Arabia has entered the Guinness World Records as the world's largest sustainable farm by area. The farm is one of the extension farms of the rejuvenated water farming research unit of the Bin Heshbal Valley in the Asir Region.The total area of...

Qatar, where Blinken will head immediately after Jordan, has longstanding ties with Hamas and has been seen as an intermediary in freeing the hostages. "We'll continue pressing countries to help prevent the conflict from spreading, and to use their leverage with Hamas to immediately and unconditionally release the hostages," Blinken...

TABUK, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations - The Red Sea and Amaala - celebrated the take-off of its first seaplane flight operated by its subsidiary company, Fly Red Sea.Established as the first seaplane company in Saudi Arabia,...

The three countries are additional stops on his visit that included meetings with King of Jordan and Mahmud Abbas. Blinken said he raised with Israel the humanitarian needs of the Gaza Strip, while pledging unwavering support to Israel.

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 in...

The fall was attributed to an increase in non-operating expenses.

Sochi, Russia -.Starting in 2024, travelers from Saudi Arabia, Oman, Kuwait, Malaysia  and Bahrain may no longer need tourist visas to visit Russia,  Deputy Minister of Economic Development Dmitry Vakhrukov said on the sidelines of the FTT-2023 Forum of Tourism Territories, Tass reported."I reckon this could happen next year. We...

Analysts say the war has dealt a heavy blow to a possible landmark normalisation deal between Saudi Arabia, home to the holiest sites in Islam, and Israel. That process has been driven by US President Joe Biden's administration, with Riyadh bargaining hard for benefits from Washington including security guarantees and...

Dubai, UAE -- Despite global economic uncertainties, the construction industry in the Middle East and North Africa (MENA) awarded a staggering $101 billion worth of projects in the first half of 2023, a report by JLL's Construction Market Intelligence said, based on insights gathered from industry experts and sources.The lion's...

They will create a joint company to upgrade organic waste recycling.

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

Since 2008, Israel has conducted four major military operations in Gaza, resulting in significant casualties and widespread destruction.

Tourism and entertainment sectors are likely to help Saudi Arabia's non-oil GDP grow robustly in the coming years, despite a 6.5% drop in oil production, says a report.

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 NEOM,...

The firm will drive strategic investments and partnerships

Jeddah, Saudi Arabia - The Red Sea International Film Festival (RSIFF) unveiled Monday the lineup of international short films participating in the event.The films include "Titanic", "Primetime Mother", "The Late Wind", "The Wait", "Solatia", "Dusk", "Suitcase", "Terra Mater - Motherland", "Eid Mubarak" and "The In Between".The third edition of the...

Diriyah, Saudi Arabia -- Diriyah Gate Development Authority (DGDA) Tuesday announced the inaugural edition of the 'Traditional Architecture Gathering' to be held in the UNESCO World Heritage Site At-Turaif, in Diriyah, The City of Earth, from October 24th to 30th. The event is themed 'Traditional Najdi Architecture,' and will bring...

MARRAKESH, MOROCCO - The International Monetary Fund (IMF) has forecast that the UAE's real Gross Domestic Product (GDP) will grow by 3.4 percent in 2023 and 4 percent in 2024.The IMF's forecast is in line with that of the World Bank, which released a similar estimate two days ago.The IMF said...

With potential spikes in oil prices and uncertainty surrounding major projects like the IMEC, the world faces a complex economic future shaped by Middle Eastern tensions.

Saudi Crown Prince Mohammed bin Salman tells Palestinian President Mahmud Abbas that he was working to prevent an expansion of conflict between Israel and Gaza.

Riyadh, Saudi Arabia -- Saudi Arabia has unveiled an ambitious roadmap to achieve its monumental goal of planting 10 billion trees under the Saudi Green Initiative. The announcement was made during the second annual MENA Climate Week, held for the first time in Saudi Arabia from October 8 to 12,...

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 tackle...

The company reported a net profit of $70m for 9M period of 2023.

In its 2023 annual report, the Organization of the Petroleum Exporting Countries forecasts demand for crude to reach 116 million barrels per day (mbd) by 2045 under its main scenario, a 16.5 percent increase from the 99.4 mbd in 2022. That is an increase of 6 mbd from its estimate...

PIF will own 75% in the Electric Vehicle Infrastructure Company.

“Achieving success in this area will benefit everyone and align with the goals of the Paris Climate Agreement,” he adds while attending the ministerial panel titled "Advancing Inclusivity and Circularity for Just and Equitable Energy Transitions" during the inaugural day of the Middle East and North Africa Climate Week 2023.

Riyadh, Saudi Arabia -- Saudi Arabia's King Salman bin Abdulaziz Al Saud Sunday issued directives on raising the basic minimum pension for social security beneficiaries by 20 percent.Meanwhile, the Citizen Account Program will remain in effect while adding certain factors to enhance support efficiency and ensure that benefits are received...

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 Energy...

Riyadh, Saudi Arabia -- Saudi Arabia Railways (SAR) has announced the launch of hydrogen train tests in the Kingdom, following the signing of an agreement with the French company Alstom.It will conduct operational tests and studies necessary to prepare this type of train to fit the Kingdom's environment, in preparation...

Riyadh, Saudi Arabia-- Saudi Arabia and South Korea have pledged to strengthen cooperation in various fields.According to a press statement released by the office of South Korea's President Yoon Suk Yeol, the boosting of ties between the two countries was discussed in a telephone call between the president and Saudi...

President Joe Biden said US support for Israel was "rock solid and unwavering". "The United States stands with Israel," Biden said in a televised statement at the White House, flanked by US Secretary of State Antony Blinken.

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 are...

Saudi Crown Prince Mohammed bin Salman recently unveiled glimpses of the audacious Vision 2040 that will focus on green hydrogen, clean energy, and technology advancements.

TABUK, SAUDI ARABIA - The Tabuk region's agricultural sector is making steady progress towards achieving the goals of Saudi Arabia's Vision 2030. Tabuk region annually produces over 28 million flowers, including 17 varieties of roses.These flowers have a market value of over SAR32 million, making the region a leader in...

Dubai, UAE -- The economies of Gulf Cooperation Council (GCC) countries are expected to grow by 1 percent in 2023, down from 7.3 percent in 2022, according to the World Bank.In its recent report, the bank said the Gulf economies combined will grow by 3.6 percent in the year 2024....

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 by...

RIO DE JANEIRO, BRAZIL - A delegation led by President of the General Authority of Civil Aviation (GACA) Abdulaziz bin Abdullah Al-Duailej has concluded its participation in the Saudi-Brazilian International Aviation Conference held here from October 2 to 4.   Under the theme "Going Further Together", the conference saw several discussions...

Riyadh, Saudi Arabia -- The aggregate sales of 17 Saudi cement producers decreased by 8.5 percent to 4.1 million tons in September, from 4.5 million tons a year earlier, according to recent data issued by Yamama Cement Co.Locally, eight market players reported better sales, led by Al-Safwa Cement Co. with...

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 steps...

"From 2021 to 2022, Saudi exports to Portugal jumped by 50 percent, and imports from Portugal rose by nearly 40 percent, resulting in a trade volume of $1 billion. This emphasizes the potential for increased collaboration between the two countries," adds Saudi Arabia's Minister of Economy and Planning Faisal F....

Last year, 67% of UAE's crypto transactions were institutional, valued over $1 million, with decentralized exchanges constituting 48%, outpacing centralized ones, says a report.

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 Sukuk...

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--The Heritage Commission and the German Max Planck Institute (MPI) of Geoanthropology in the Green Arabia Project revealed one of the most significant sites of the prehistoric period near Jabal Irf in Hail region. The scientific team that participated in the project—including researchers and specialists from the Kingdom,...

A FIFA+ documentary released last month tracks how the national team has seized on new freedoms, contrasting the hostility its members once received for pursuing a "masculine" sport with today's new era of deep-pocketed government support. A press release for the film also highlights fans of the team outside Saudi...

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 of...

The region's fintech growth, fueled by a tech-savvy populace, robust regulations, and digital adoption, is drawing global focus, heralding the future of financial services.

The bid "intends to deliver a world-class tournament and will draw inspiration from Saudi Arabia's ongoing social and economic transformation and the country's deep-rooted passion for football", said a statement from the Saudi Arabian football federation. News of the bid comes one year after neighboring Qatar hosted the first World...

Tehran, Iran - Iran's top diplomat on Wednesday played down a spat with Saudi Arabia that prompted the cancelation of an Asian Champions League match, insisting relations with its longtime rival were improving.The row, over a statue of assassinated Revolutionary Guards commander Qasem Soleimani in the stadium in Iran's third city...

The Kingdom's production in the coming months November and December will be approximately 9 million barrels per day, the country's energy ministry said. It added the decision will be reviewed next month to consider deepening the cut or increasing production. The additional voluntary cut comes to reinforce the precautionary efforts...