Riyadh, Saudi Arabia -- Saudi Arabia is hosting the extended 45th session of UNESCO's World Heritage Committee from September 10 to 25 in Riyadh. This session anticipates the participation of 3,000 individuals representing 21 member states of the World Heritage Committee, out of the 194 states that have ratified the...

JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects worth US$800 million for improving the living conditions of the people in member countries and attaining Sustainable Development Goals (SDGs).IsDB President Dr. Mohammed Al-Jasser said that the projects were approved...

Riyadh, Saudi Arabia -- The Cityscape Global Exhibition, which kicked off Sunday in Riyadh, witnessed the launch of real estate projects worth around SAR 65 billion ($17.32 billion) on the opening day.ROSHN Group will have four strategic partnerships of over SAR 9 billion in the fields of construction and infrastructure,...

RIYADH, SAUDI ARABIA:   The supervisor of the Kingdom's first social network Jaco - Saudi entrepreneur Fahd Al-Shidi announced that the team is working to reach five million users soon.He added that Jaco's attraction of over one million users in the coming two months from other networks, including well-known names, proves...

This TRENDS infographic dives into Saudi Arabia’s ambitious transformation to discover how the Kingdom is reshaping its future with high investments in the real estate sector and infrastructure projects.

The book-building process starts Sunday and run through Sept. 14.

US president Ronald Reagan's administration opens dialogue with the Palestine Liberation Organization (PLO) in 1988 after its exiled leader Yasser Arafat agrees to recognize Israel's right to exist. Three years later, in late 1991, Washington and Moscow co-organize an Israeli-Arab peace conference in Spain.

At the G20 Summit in New Delhi, the US, EU, Saudi Arabia, and UAE have launched an ambitious trade initiative to connect railways, ports, and energy networks globally.

Major G20 partners are set to unveil ambitious plans on Saturday to enhance trade among India, the Middle East, and Europe. This modern-day Spice Route aims to integrate regions that represent about a third of the global economy. Washington, Saudi Arabia, the EU, the UAE, and other nations plan to...

His visit comes at a time when Washington is actively engaging with the kingdom, encouraging it to normalize ties with Israel. "This has been the result of months of careful diplomacy, quiet, careful diplomacy, bilaterally and in multilateral settings," US Deputy National Security Advisor Jon Finer said Saturday. This project...

LYON, FRANCE - President of Saudi Arabia’s Oversight and Anti-Corruption Authority ‘Nazaha’ Mazin bin Ibrahim Al-Kahmous on Friday visited the headquarters of the International Criminal Police Organization (Interpol) here.The Saudi and Interpol staff discussed several topics of common interest.   The two sides discussed cooperation between Nazaha and Interpol in the...

Spending by Saudi Arabian football clubs in the transfer window just closed was second only to that by teams in the English Premier League, said separate reports by FIFA and Deloitte. The sport's world governing body said Saudi Pro League teams had spent $875.4 million on new players from June...

New Delhi, India - President Biden, along with the leaders of India, Saudi Arabia, and the United Arab Emirates (UAE), is likely to ink a railway deal to connect the Middle East during the G20 Summit in New Delhi, a report published in Axios.com said. The initiative aims to establish a...

DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has expressed readiness to build an economic partnership with the BRICS countries.The Saudi Press Agency said the two sides had discussed various issues at the BRICS summit, where Saudi Arabia was...

Riyadh, Saudi Arabia -- Saudi Arabia’s real GDP grew by 1.2 percent in the second quarter of 2023, compared to Q2 of 2022, according to Kingdom's General Authority for Statistics (GASTAT).A GASTAT report showed a 6.1 percent increase in non-oil activities over 2022, a 2.3 percent increase in government activities...

A recent study in BMJ Oncology 2023 has highlighted an alarming increase in early onset of cancer cases in the Gulf countries, particularly the UAE, Qatar, and Saudi Arabia, from 1990 to 2019. While these countries report staggering growth rates, nations like Lithuania, Georgia, and Latvia have seen a decline.

It is expected to speed up the use of yuan in trade.

Riyadh, Saudi Arabia-- Saudi Arabia's economy is in a state of prosperity and growth, and that the kingdom's fiscal position is strong, primarily driven by Vision 2030 which has been steadily diversifying the economy since its launch in 2016, according to the International Monetary Fund.  The IMF said in a statement that...

The MENA region's gaming revenue is set to hit $7.2bn in 2023, representing 17% of global gamers, while Saudi Arabia's market may hit $1bn mark this year and triple by 2030.

Saudi Arabia's embassy in Tehran resumed operations last month. In June, Iran marked the reopening of its embassy in Riyadh with a flag-raising ceremony. Last month Iran's top diplomat, Foreign Minister Hossein Amir-Abdollahian, preached unity and dialogue during his first visit to Saudi Arabia since the surprise rapprochement was announced,...

Saudi Arabia and UAE lead the region in rapidly embracing the Fourth Industrial Revolution, shifting from traditional factories to smart ones.

The Saudi production cut of one million barrels per day which first took effect in July will continue "for another three months until the end of December 2023", the kingdom's energy ministry said in a statement. Russia's export cut of 300,000 bpd will continue for the same period, Deputy Prime...

GCC countries employ close to 20 million foreign workers, who are subject to vastly different conditions and wags compared to the nationals.

Milan, Italy -- The Saudi-Italian Investment Forum, jointly organized by the Saudi Ministry of Investment and the Italian Ministry of Enterprises and Made in Italy, has witnessed the signing of 21 agreements and memoranda of understanding (MOUs) across various sectors.Hosted in Milan, the Forum was attended by the Saudi Minister...

Riyadh, Saudi Arabia - An Israeli sports delegation arrived in Saudi Arabia on Monday to participate in the World Weightlifting Championships, as reported by Israeli media. This marks a historic moment, as it's the first time Israeli weightlifters are competing in Riyadh, Saudi Arabia, for the championship that began on...

Riyadh, Saudi Arabia-- The gaming industry has witnessed exponential growth in Saudi Arabia with an average revenue per paying user touching $270 as compared to $181 in MENA. With the game live streaming market poised to an annual growth rate (CAGR 2023-2027) of 10.08% in Saudi Arabia, esports is gaining...

Riyadh, Saudi Arabia -- The Saudi Heritage Commission announced on Monday the nomination of 50,000 urban heritage assets across the Kingdom of Saudi Arabia for registration. This process is being carried out in close coordination with various stakeholders, following the Antiquities and Urban Heritage regulations. ]The Commission has outlined its plan...

Tehran, Iran--Iran's President Ebrahim Raisi has termed Saudi Arabia and Iran as the two most influential countries in the region and the Islamic world as he lay emphasis on the need for strengthening relations between the two.The president made the remarks In a meeting with Iran's newly-appointed ambassador to Saudi...

Islamabad, Pakistan - Pakistan's caretaker Prime Minister, Anwaar-ul-Haq Kakar, announced on Monday that Saudi Arabia plans to invest up to $25 billion in Pakistan over the next two to five years across various sectors. The investment is part of a concerted effort to boost foreign direct investment in the South...

New Delhi, India -  The share of the BRICS (Brazil, Russia, India, China, South Africa) group in the global Gross Domestic Product (GDP) is set to increase from its current 26% to 30% starting January 2024, State Bank of India (SBI) said in its report. The growth is attributed to the...

Jeddah, Saudi Arabia--Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the establishment of Global Water Organization in order to safeguard water resources, the Saudi Press Agency (SPA) reported on Monday.The newly formed organization will have its headquarters in Riyadh and is set to play a pivotal role in consolidating...

The stock exchange offers indices, real estate services, and wealth management. It ensures supply-demand balance, and swift transactions, while delivering high-quality, accurate and efficient data.

The move by the two countries' football federations would contribute to "fostering closer ties between their respective footballing communities, allowing clubs to host matches on their home turf and visiting the respective away stadiums, creating a more engaging and exciting experience for the fans and players alike," the Asian Football...

Doha, Qatar -- More than 2.56 million people visited Qatar from January to August 25, which is more than the full-year arrivals in 2022 and marking a 157 percent increase over the same period last year, according to Qatar Tourism.Qatar Tourism said in statement that the latest achievement bears testimony...

RIYADH, SAUDI ARABIA –  Secretary General of the Gulf Cooperation Council (GCC)Jassem Mohamed Albudaiwi visited the Digital Cooperation Organization (DCO) headquarters. The secretary general was received by Dima Al Yahya, Secretary General of DCO. Albudaiwi said that the DCO plays an important role in Saudi Arabia, in employing technology for...

New firm will help Kingdom’s steel-making capacity.

GCC banks experienced robust lending growth during Q2-2023, despite multi-decade high rates from US hikes, with loans from GCC-listed banks hitting a record $1.9 trillion.

Singapore-- Saudi Arabia and Singapore have pledged to enhance economic cooperation between the two countries and also reviewed the challenges facing the global economy.In this connection Saudi Minister of Finance Mohammed Aljadaan met in Singapore with Deputy Prime Minister and Minister of Finance of Singapore, Lawrence Wong.According to Saudi Press...

LONDON, UK - Liverpool have rejected a blockbuster £150 million ($190 million) offer for Mohamed Salah from Saudi Arabian side Al-Ittihad, according to reports on FridayEgypt star Salah has been linked with a move to the Gulf State for several weeks and it is believed a verbal offer was made to...

Riyadh, Saudi Arabia - The Gulf Federation for Electronic Sports was established Thursday on the sidelines of the Next World Forum, to support, nurture, and develop Gulf talents through annual tournaments hosted by all countries.The launch was attended by the Chairman of the Board of Directors of the Saudi E-Sports...

RIYADH, SAUDI ARABIA -  Agri-Nutrients SABIC, in cooperation with the American companies ADM and BiOWiSH has helped farmers achieve high productivity using sustainable and cost-efficient methods.Through these collaborative efforts SABIC aims to help reduce the carbon footprint in the agricultural supply chain, especially after the company obtained the world's first...

Riyadh, Saudi Arabia -- Saudi Arabia achieved a surplus of SAR 22.8 billion ($6.07 billion) in the balance of payments for travel items in the first quarter of 2023, compared to a deficit of SAR 1.6 billion in Q1 2022, the Kingdom's Ministry of Tourism said. The ministry added that...

The plant is located in their jointly owned petrochemical firm.

Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia increased 2 percent to SAR 104.6 billion ($27.88 billion) in July 2023, from nearly SAR 102.97 billion during the same month last year, according to the Saudi Central Bank's SAMA monthly bulletin.Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales...

Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi in November, state media said Thursday, accelerating competition in the crowded Gulf market.Terminal A in the oil-rich United Arab Emirates capital, touted as one of the world's biggest, will be...

Tehran, Iran -- Iranian Foreign Minister Hossein Amirabdollahian said Thursday that discussions with Saudi authorities have resulted in constructive statements regarding assistance for Lebanon's situation."In the discussions we had with Saudi authorities, we heard constructive statements from them regarding assistance to the situation in Lebanon," Amirabdollahian stated, adding that the...

Riyadh, Saudi Arabia -- Saudi Arabia's oil exports fell by 33.4 percent to SAR 227.7 billion ($60.70 billion), from SAR 341.6 billion, in the second quarter of 2023, contributing mainly to the decline of 31.8 percent in overall merchandise exports, compared to Q2 2022.The value of exports amounted to SAR...

BEIJING, CHINA – The director of China’s Office of the Central Commission for Foreign Affairs met with the speaker of the Arab Parliament Adel Al Asoomi here.Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, said that Beijing is willing to work...

Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) licensed “Alhulul AlMubassatah Financial Company (SiFi)" to provide E-wallet solutions. With SiFi, there are now 25 licensed companies offering payment services in Saudi Arabia, in addition to 7 companies that have obtained initial approval to operate within SAMA's regulatory sandbox.SAMA is endeavoring...

Combining elements of everything from boxing to judo and Muay Thai, mixed martial arts (MMA) had a limited following in Saudi Arabia just a decade ago, but that started to change when the kingdom hosted the popular regional Desert Force competition in 2014.