• Saudi hosts AlUla Desert Blaze, the toughest run in GCC region

    AlUla, Saudi Arabia -- AlUla Desert Blaze, a unique running challenge, which kicked off on Saturday and saw participation of nearly 200 male and female runners from 39 countries, has been hailed as the most arduous competition in the Arabian Gulf region. The participants faced the toughest challenges amid scorching summer heat, enduring temperatures reaching...
  • Saudi Arabia’s banks post 9.6% rise in aggregate profits in July to US$1.71bn

    Riyadh, Saudi Arabia-- Banks in Saudi Arabia have reported a 9.6 percent increase in aggregate profit to $1.71 billion in July, according to official data. The Saudi Central Bank, also known as SAMA, said that the aggregate assets of these banks also rose 8.84 percent year on year in July...
  • Saudi Arabia and Turkey to boost ties in industrial, mining sectors

    The two countries signed a memorandum of understanding (MoU to boost mining cooperation in critical minerals needed in new technologies like electric vehicles and solar panels. The Turkish and Saudi ministers also discussed deepening partnership in areas such as hydrogen, solar and wind energy, besides seeking to widen trade between...
  • GCC shows economic resilience as inflation hits globe

    GCC countries consistently maintain inflation rates below the global average, with the Food and Beverages CPI subcategory showing moderate growth across the region.
  • ICIEC, SAPICO ink pact

    Pact to enhance commercial activities between the two.
  • NEOM to set up education, research and innovation center

    TABUK, SAUDI ARABIA – NEOM has announced plans to establish a world-class education, research and innovation (ERI) center, following last year’s appointment of Andreas Cangellaris as the founding president of NEOM U, NEOM’s flagship university. NEOM’s ERI will consist of four interconnected pillars: NEOM U; the Education, Research and Innovation...
  • Saudi Arabia and Iran invited to Moscow-led defense bloc’s military drills

    Moscow, Russia -- Collective Security Treaty Organization (CSTO) member states have invited observers from Saudi Arabia, Iran, China and Mongolia to monitor the Combat Brotherhood-2023 drills in Belarus, CSTO Joint Staff Chief Colonel General Anatoly Sidorov said at a briefing. Saudi Arabia, Iran, China and Mongolia are not the members...
  • $202m contract signed for Jeddah project

    The contract involves MEP works for Al Muhammadiyah Hospital.
  • Red Sea Global launches ‘Tamala’ to transform agricultural economy in Tabuk

    Riyadh, Saudi Arabia--Red Sea Global (RSG) has announced the launch of the Red Sea Farms Cooperative (Tamala), established through integrated national partnerships between the government, private and non-profit sectors. Tamala aims to develop a model entity that achieves the kingdom's orientation to enhance the role of cooperatives in the agricultural...
  • Mancini hired as Saudi Arabia team coach for $25m a year

    Mancini's resignation from the Italy job came as a major shock, as earlier this month he had been handed responsibility for the country's Under-21 and Under-20 teams. He was heavily criticised for his decision especially following early reports that he was set to accept a mega-money move to Saudi, which...
  • BRICS to coordinate approaches with new members within UN, G20: Lavrov

    The BRICS summit, which held in Johannesburg from Aug 22-24 agreed to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates as new members from Jan 1, 2024.
  • stc Group begins work in Europe

    stc’s subsidiary TAWAL buys assets in eastern Europe.
  • Saudi Arabia to host CAF Super Cup match between Al Ahly and USM Alger

    Johannesburg, South Africa--The 2023 CAF Super Cup match between Al Ahly of Egypt and USM Alger of Algeria will be staged in the Saudi Arabian city of Taif on September 15, the organizers announced on Saturday. Ahly qualified for the annual match by winning the Champions League and USM by capturing...
  • Space Economy: Saudi Arabia targets stars and beyond

    From the establishment of the Saudi Space Authority to Serco Middle East's new space division in Riyadh, the Kingdom is making significant strides in the space sector.
  • Spanish footballer Veiga to play for Saudi club Al Ahli

    Gabri Veiga, one of Spain's most promising young players, signed for Saudi Arabian side Al-Ahli from Celta Vigo in a move greeted with disquiet in Spain. Clubs in the Gulf state have signed several of football's top veteran stars this summer on huge deals, including Ballon d'Or holder Karim Benzema...
  • Saudi Arabia’s foreign trade rises to $172bn in a year

    Riyadh, Saudi Arabia - Saudi Arabia’s foreign trade soared to $172 billion last year, the Saudi Minister of Commerce and Chairman of the Board of Directors of the General Authority of Foreign Trade, Dr Majid Al-Qasabi said during the August 24-25 G20 Trade and Investment Ministers' meeting held in India...
  • BRICS expansion points to a shift in global dynamics

    The Middle East, with its vast resources and strategic position, can play a crucial role in BRICS' vision of a more equitable and democratic global order as the BRICS move to include countries such as Saudi Arabia and the UAE can further reduce the alliance's dependence on Western financial institutions,...
  • Saudi Arabia has diplomatic, external, and military options against Iran threat: MEI

    Riyadh, Saudi Arabia  - Saudi Arabia has to not only enhance its defensive capabilities but also establish effective deterrence measures against Iran and its proxies, particularly in the context of its ambitious Vision 2030 initiative, a latest analysis by Middle East Institute (MEI) says.  The policy brief authored by MEI...
  • Saudi Arabia’s archeologists make ‘significant’ discoveries at Al Abla site

    Riyadh, Saudi Arabia--Saudi Arabia's Heritage Commission has announced significant discoveries made at the Al-Abla site in Asir region during the seventh season of archaeological excavation there. The new discoveries, including architectural features of residential and industrial units with gypsum-coated walls and floors, are an extension of previous discoveries over the...
  • BRICS secures 47% global oil with Saudi Arabia, UAE, Iran inclusion

    Tehran, Iran - The inclusion of Saudi Arabia, the UAE, and Iran, will significantly increase BRICS’ weight in the oil market, as per calculations based on 2022 OPEC data, reported by InfoTech news outlet on Thursday. Together with the existing participants, Russia and Brazil, these countries jointly command 39% of...
  • Liverpool manager dismisses suggestions Salah could leave for Saudi club

    LIVERPOOL, UK - Liverpool manager dismissed suggestions on Friday that Mohamed Salah could become the latest star name to depart European football for Saudi Arabia. According to reports, Al-Ittihad are trying to lure the Egyptian to the Gulf state with a huge salary offer that would rival the deals that enticed...
  • Saudi industry ministry and German firms to develop human resources

    Berlin, Germany -- A delegation of Saudi Ministry of Industry and Mineral Resources, which visited Germany, discussed enhancing cooperation to develop human capacities in industry and mining with a number of German companies. The delegation from the ministry, headed by Deputy Minister of Industry and Mineral Resources for Human Capability...
  • Cinematic revolution helps KSA realize cultural dreams

    Saudi Arabia, shedding its conservative past, has ushered in a vibrant art and cinema era, with its box office revenue soaring to $250 million in 2022.
  • UAE and Saudi Arabia among six new BRICS members

    Argentina, Egypt, Iran, and Ethiopia are the four other member countries joining BRICS, underscoring its commitment to a more inclusive global stance, effective from January 2024.
  • Jadwa buys stake in Gissah

    The investment bank bought a 35% stake in Kuwaiti firm.
  • Schools shut in Makkah region after heavy storms and downpour

    The meteorology center warned of further storms on Wednesday bringing rain, wind and thunder to the Mecca region and elsewhere in western Saudi Arabia.
  • GCC top export market for Dubai Chamber of Commerce members

    Dubai, UAE -- The Gulf Cooperation Council countries were the top destinations for exports and re-exports of Dubai Chamber of Commerce member companies during the first half of 2023. The Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, said Saudi Arabia was named the top...
  • Saudi Arabia and Germany discuss cooperation in industrial, mining sectors

    Riyadh, Saudi Arabia  -  Saudi Arabia and Germany have decided to strengthen cooperation in the industrial and mining sectors.   A delegation from Saudi Arabia's Ministry of Industry and Mineral Resources, led by Eng. Fares Al-Saqaabi, the Undersecretary of the Ministry for Human Capacity Development, engaged in a series of productive...
  • Ronaldo’s Al Nassr qualifies for Asian Champions League group stage

    The Saudi Pro League side came from behind to triumph 4-2 in the play-off at Mrsool Park, with Brazilian Anderson Talisca scoring twice and Croatia international Marcelo Brozovic rounding off the win. The result means Nassr, runners-up domestically last season, move into the group phase, which begins next month.
  • Peace between Saudi Arabia and Israel not imminent: White House advisor

    Washington, United States - The US National Security Advisor Jake Sullivan on Tuesday said that the prospect of a peace agreement between Israel and Saudi Arabia is not imminent. Speaking at a press briefing Sullivan indicated that substantial obstacles still need to be overcome before such an accord can be...
  • Saudi Esports Federation to launch ‘Next World Forum’ in Riyadh

    Riyadh, Saudi Arabia--The Saudi Esports Federation will launch the "Next World Forum" on August 30 and 31 in Riyadh, at the conclusion of the activities of the largest event for games and electronic sports in the world, "Gamers8: The Land of Heroes." The forum will discuss promising opportunities in the...
  • Saudi smart homes market builds on digitization drive

    Saudi Arabia's smart homes market is growing due to government backing, tech advancements, and evolving consumer tastes. As the Kingdom advances toward its Vision 2030 goals, the smart homes sector is poised to play an important role in shaping the country’s future urban landscape.
  • UAE, KSA optimistic as BRICS leaders weigh expansion

    South Africa has revealed potential BRICS expansion plans at the Johannesburg summit, with keen interest shown by Middle Eastern nations, notably UAE and Saudi Arabia.
  • Saudi MMA players out to ‘prove themselves’

    Mixed Martial Arts became popular in the kingdom since 2014, when it hosted the regional Desert Force competition.
  • Saudi Arabia accedes to United Nations’ CISG convention

    Riyadh, Saudi Arabia -- Saudi Arabia has officially acceded to the United Nations Convention on Contracts for the International Sale of Goods (CISG) to become the 96th State that accedes to the Convention. Saudi Arabia became the 96th State Party to the Convention. The Convention will enter into force for...
  • Among the airlines, SAUDIA Airlines had the fewest complaints in July

    Riyadh, Saudi Arabia – A total of 1,873 complaints were filed by travelers against air carriers in Saudi Arabia last month, according to the Kingdom’s General Authority of Civil Aviation (GACA). The GACA has released its monthly classification index for air transport service providers, based on the number of complaints...
  • SRMG Ventures invests $5m in Anghami, MENA’s music streaming platform

    Riyadh, Saudi Arabia - SRMG Ventures, the venture capital arm of the largest integrated media group in the MENA region, has invested $5 million in Anghami, the prominent music and entertainment streaming platform in MENA region.  The music and audio sector in the MENA is projected to reach $700 million...
  • Saudi Arabia’s output cut stabilizes global oil market

    The market has raised prices in response to Saudi production cuts, anticipating tighter supplies. This shows producers' efforts to prevent oil prices from dropping significantly.
  • Sukoon Insurance sets up OIWSS

    Aim is administration of Employee Money Purchase schemes.
  • Soniqs wins PUBG Global Series 2 Crown

    It claimed $600,000 prize at Gamers8 - The Land of Heroes.
  • Saudi Arabia rejects HRW allegations of killing migrants at Yemeni border

    Saudi Arabia has strongly rejected allegations made by Human Rights Watch that its border guards fired on Ethiopian migrants crossing from Yemen, killing hundreds since last year. The allegations, described as "unfounded" by a Saudi government source, point to an escalation of abuses along the perilous route from the Horn...
  • Syria’s economic challenges persist despite Arab League return: MEI

    Damascus, Syria - Syria's reentry into the Arab League in May was anticipated to herald positive changes for the country's fortunes. Diplomatic relations warmed, with a normalization agreement signed with Saudi Arabia and a tense, Russia-brokered meeting between Turkish and Syrian foreign ministers. However, despite these diplomatic strides, Syria's economic...
  • Saudi Arabia issues tax warning to businesses: Pay up or face hefty fines

    Riyadh, Saudi Arabia - Saudi authorities have issued a clear warning to businesses operating within the country: settle your outstanding taxes promptly or brace yourself for substantial fines. The call comes from Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA), which has taken a strong stance on enforcing tax compliance....
  • GCC steps up to diversify Europe’s natural gas supply

    Amid Russian-Ukrainian war, Europe aims to diversify its energy sources, with Gulf countries like Qatar, UAE, Oman, and Saudi Arabia offering alternative natural gas options.
  • NDF helps in financing of US$2.2bn renewable energy project

    RIYADH, SAUDI ARABIA -  The National Development Fund (NDF) on Sunday said it will contribute US$453 million (SAR1.7 billion) to the US$2.2 billion (SAR8.3 billion), 2.6 GW Al Shuaibah solar project that is to be carried out by the National Infrastructure Fund (under establishment). This is one of the world’s...
  • Japan prepares to hold foreign ministers meet with GCC nations in Sept

    Tokyo, Japan -- Japan is preparing to hold a foreign ministers' meeting with the six member states of the Gulf Cooperation Council in Saudi Arabia in early September, a report said. Japan's Kyodo News said the meeting comes as Japan aims to strengthen relations with oil-producing countries in the Middle...
  • Saudi Arabia’s football rise ‘long-term project’, says top official

    The Saudi Pro League has a years-long commitment from the kingdom's rulers in its goal to become one of the world's top competitions, chief operating officer Carlo Nohra said. Nohra was speaking at Al-Hilal's unveiling of Brazilian superstar Neymar, who joins Cristiano Ronaldo, Karim Benzema and a host of other...
  • 25 teams attending Afro-Arab Esports League 2023 in Saudi Arabia

    Riyadh, Saudi Arabia -- The Afro-Arab Esports League, which opened Saturday in Saudi Arabia, will see participation from over 25 national teams. These teams will compete for three days in a variety of tournaments tailored for both men and women, covering popular games such as eFootball and Valorant. The inauguration...
  • Saudi Arabian Crown Prince launches KAUST’s new strategy

    RIYADH, SAUDI ARABIA - Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister and Chairman of KAUST Board of Trustees, launched on Sunday a new strategy of the university. The strategy aims to transform research into economically productive innovations by focusing on the national priorities for research, development,...
  • Brazilian exports to Arab countries up 8% in seven months

    Dubai, UAE -- The Arab Brazilian Chamber of Commerce (ABCC) recorded a surge of 8 percent in Brazilian exports to the Arab world during the first seven months of 2023, totaling to $10.61 billion, compared to $9.825 billion in the same period in 2022. Brazilian exports to the the kingdom...