Abu Dhabi, UAE -- The IPO market in the Middle East and North Africa (MENA) region remained resilient during the second quarter of this year, with 14 IPOs registering total proceeds of US$2.64 billion, up 45.3 percent compared to the same period last year.According to the Ernst & Young report...

Abu Taleb had qualified for the Games by bagging gold at the 2020 Arab Taekwondo Championship and bronze medals at the Asian and world championships in 2022. Earlier this year she upgraded to gold at the Asian Taekwondo Championships. Saudi women had previously fared badly at Olympics.

Riyadh, Saudi Arabia - Wego, the leading travel app and largest online travel marketplace in the Middle East and North Africa (MENA), has reported a significant increase in travel interest to India in the first half of 2024. Data from January to June 2024 shows a 40.71% year-on-year rise in...

Paris, France -- World Rally Championship announced Wednesday that it will add races in Saudi Arabia, the Canary Islands and Paraguay to its calendar next year.Rally Saudi Arabia will end the season on November 27-30 with the event in the Spanish archipelago on April 24-27 and the race in South America...

The next steps include official visits by FIFA and a comprehensive evaluation of the bid.

Riyadh, Saudi Arabia -- The Saudi Red Sea Authority (SRSA), in collaboration with the Ministry of Tourism, has implemented two pioneering initiatives that focused on training human resources in working in luxury coastal resorts and travel agencies according to the best international practices.One of the initiatives targeted 1,059 trainees working...

Led by GACA President, the meeting featured the British Ministry of Transport, the SBJBC, and key aviation industry leaders.

Riyadh, Saudi Arabia -- For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his other car is a fuel-guzzling four-wheel drive favored by motorists in the desert kingdom.The 39-year-old is part of a small but growing EV consumer base in Saudi Arabia, which hopes...

Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas of Excellence" training program to improve the quality of tourism services and adopt international best practices to deliver a luxurious coastal tourism experience.Minister of Tourism Ahmed Al-Khateeb attended the launch...

Skopje – Islamic Union President and Republic of North Macedonia Mufti Sheikh Hafiz Şakir Fetahu stressed that Saudi Arabia has become a center for promoting the values of moderate Islam worldwide and serves as a model, especially in eastern European countries.In a press statement, he noted that the signing of...

New York, US -- Luxury hospitality group Equinox Hotels has announced plans for the opening of Equinox Resort Treyam, one of Magna's twelve destinations, located on the coast of the Gulf of Aqaba. Magna's destinations, including Treyam, are part of NEOM, the evolving regional development, taking shape in northwest Saudi...

Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international visitors while speaking at a conference reviewing the 2024 summer tourism program.

Equipped with cutting-edge sporting technology, the stadium will offer an immersive and personalized experience for fans. Additionally, it will act as a vibrant community hub

Riyadh, Saudi Arabia - Haichang Ocean Park Holdings, China's largest ocean theme park operator, announced plans on Thursday to build Saudi Arabia's first large ocean park, China News Service reported. The development is poised to invigorate the country's tourism sector as it strives to rank among the world's top 10...

Riyadh, Saudi Arabia -- The number of air passengers in Saudi Arabia increased by 17 percent during the past six months to 62 million, compared to 53 million during the same period last year, the Kingdom's General Authority of Civil Aviation (GACA) said.The number of flights also reached approximately 446,000,...

Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the city's global profile while enhancing local quality of life

Riyadh, Saudi Arabia -- Saudi Arabia has maintained its first rank across MENA in terms of the amount of Venture Capital (VC) funding in the first half of 2024, which witnessed a total VC deployment of $412 million (SAR 1.5 billion), the Saudi Venture Capital Company (SVC) said Tuesday.The "2024-H1...

Aramco's 25% participation in Port Arthur LNG Phase 2 aims to expand its gas portfolio and meet the world's growing need for lower-carbon energy sources.

The Women's Tennis Association (WTA) announced in April that Riyadh would host the next three editions of the tour finals featuring the top eight singles players and doubles teams. The $15.25 million in prize money for the event set to take place November 2-9 is up from $9 million at...

"The state did not fail, but there was a misjudgment on the part of people who did not appreciate the risks," the official told AFP in the government's first comments on the deaths. An AFP tally on Friday, compiling official statements and reports from diplomats involved in the response, put...

The new deaths reported Thursday included 58 from Egypt, according to an Arab diplomat who provided a breakdown showing that of 658 Egyptians who died, 630 were unregistered pilgrims. Around 10 countries have reported 1,081 deaths during the pilgrimage.

Abha, Saudi Arabia - Saudi taekwondo standout Donia Abu Taleb had an unusual introduction to the sport: for years she trained at a boys' club because there were no girls to compete with.Now the 27-year-old has become the first Saudi woman to qualify for the Olympics and is dreaming of bringing...

"All of them (the Egyptians) died because of heat" except for one who sustained fatal injuries during a minor crowd crush, one of the diplomats said, adding the total figure came from the hospital morgue in the Al-Muaisem neighbourhood of Mecca.

Crown Prince Mohammed bin Salman said on Sunday that Saudi officials had committed "to provide everything that will serve those who visit the Two Holy Mosques and help them perform their worship in security and reassurance". The health ministry said it would "closely follow cases of heat exhaustion."

Riyadh, Saudi Arabia - Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold in its latest offering, which was set to raise $11.2 billion.The secondary offering was expected to provide a short-term boost to Saudi Arabia's finances as the Gulf kingdom builds large-scale...

Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future generations. Calls have been made to work through collaborative models of private and public partnerships to achieve green goals.

Oil prices slipped after Saudi-led OPEC and its Russian-led allies said Sunday they would maintain output levels but begin to restore production from October, even as questions about China's economic recovery and a spike in US stockpiles cause investors to fret over demand. Brent, the international benchmark, fell more than...

Riyadh, Saudi Arabia - Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion in one of the biggest such offerings in recent years.In a statement posted to the Saudi stock exchange, Aramco announced a "secondary public offering of 1.545 billion shares",...

Riyadh, Saudi Arabia - The Ministry of Media and Microsoft Arabia signed a memorandum of understanding (MoU) in Riyadh on Tuesday to collaborate in several areas, including developing technical aspects in data analysis, machine learning, artificial intelligence, security and privacy solutions, and software and service development solutions. The goal is...

The meeting comes nearly 10 days since the royal court said the king had a lung infection and was undergoing treatment involving antibiotics.

Riyadh, Saudi Arabia -- Saudi Arabia's Public Investment Fund (PIF)on Monday launched the Neo Space Group to work on the kingdom's nascent satellite and space industry, its first investment in the sector.One of the world's largest sovereign wealth funds, the PIF has already invested heavily in sports, gaming and so-called Saudi...

As part of the “Quality of Life” program, these houses aim to upgrade cultural infrastructure and boost Saudi engagement in arts and culture.

New York, United States -- The women's tennis tour (WTA) on Monday announced "a multi-year partnership" with the Saudi Arabian sovereign wealth fund (PIF), emulating a deal made by the men's tour (ATP) in February.The WTA said in a statement that it shared with PIF an "ambition to grow women's professional...

In a wide expansion of aviation services, Saudi Arabia's top airline Saudia Group has place an order of 105 aircraft from Airbus. Saudia airline will receive 54 A321neo aircraft, while budget offshoot Flyadeal will acquire 12 A320neo and 39 A321neo planes, they said in a statement.

Riyadh, Saudi Arabia - Saudi Arabia's King Salman has a lung infection and is undergoing a treatment programme involving antibiotics, the Royal Court said Sunday in the latest update on the ageing monarch's health.Earlier in the day, the court said King Salman was suffering from "high temperature" and joint pain, and...

Israel has also fought and bombed resurgent Hamas forces in northern and central areas of the coastal territory previously considered to be under army control, sparking US warnings that it could become mired in a lengthy counterinsurgency campaign.

US National Security Advisor Jake Sullivan says there is a potential of Israel-Saudi normalization deal if Netanyahu alters his political strategy for the future of the Palestinian enclave.

The setting for Red Sea Fashion Week, the St Regis Red Sea Resort on Ummahat Alshaikh island, is part of Red Sea Global, one of the giga-projects at the heart of Saudi Arabia's Vision 2030 social and economic reform program.

Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) has licensed "Hala Financing" to provide debt-based crowdfunding solutions. With Hala Financing, there are now 11 authorized companies offering debt-based crowdfunding solutions in Saudi Arabia. The addition brings the total number of finance companies licensed and permitted by SAMA to 62,...

Riyadh, Saudi Arabia – The Saudi Tourism Authority (STA), in collaboration with the Saudi Ministry of Tourism, has announced the expansion of its eVisa program to tourists from the Commonwealth of the Bahamas, Barbados and Grenada.Nationals of these three countries can now apply for a visitor visa to Saudi either electronically or...

Gabriel Chahine, Middle East Lead for AlixPartners, discusses the significance of the World Economic Forum in Riyadh, economic outlook, AI, and strategies for businesses.

Dubai, UAE -- flynas, the Saudi budget carrier, has announced expansion plans for the UAE from September this year, which will increase the number of routes between Saudi Arabia and the UAE to nine, with flight frequencies surging to more than 20 daily flights.The carrier unveiled expansion plans for the...

Despite lower profit, it will pay $31bn in dividends to Saudi government.

The kingdom accelerates its biotech and genomics sector with substantial investments, in line with Vision 2030's push for economic diversification and innovation, according to ADL report.

Riyadh, Saudi Arabia -- UpLink, the World Economic Forum community dedicated to supporting early-stage impact-focused entrepreneurs, has announced the launch of four initiatives aimed at accelerating the transition to a circular carbon economy, addressing the growing demand for clean energy minerals, rejuvenating vital ocean ecosystems, and leveraging quantum computing for...

Riyadh, Saudi Arabia -- Saudi Arabia has called for a "real commitment to a two-state solution that is a credible, irreversible path to a Palestinian state".At the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development aimed at dialogues to tackle the most pressing geopolitical, social and...

Earlier on Monday, European Union foreign policy chief Josep Borrell told reporters he would encourage Arab leaders to put forward their proposal for a two-state solution and that he wanted EU member states to invite Arab leaders to Brussels to present it.

US Secretary of State Antony Blinken's visit to Riyadh comes nearly seven months after the eruption of war in Gaza put the brakes on what was intended as a signature foreign policy achievement for his boss, US President Joe Biden. It also comes as Americans prepare to vote in November...

GCC countries are prioritizing actions like near-shoring, international partnerships, and technology adoption to ensure supply chain adaptability and responsiveness, says a report by Oliver Wyman.

Riyadh, Saudi Arabia - Saudi Arabia is warning potential Hajj pilgrims to be cautious of fake Hajj companies that may scam people. The Ministry of Hajj and Umrah has advised individuals to use the Nusuk app for registration, which is available in several countries. For those countries where the app...