Saudi Arabia unveils ‘Colour Your Summer’ program, targeting 41 million visitors
Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector is poised for an unprecedented summer season, with the official launch of the "Saudi Summer 2025" program, themed "Colour Your Summer." The initiative, unveiled today by Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Board of the Saudi Tourism Authority (STA),...
US, Saudi Arabia urge truce talks between warring Sudan groups
The last truce was agreed to allow desperately needed humanitarian aid and safe passages into areas of Sudan ravaged by the fighting, but like all that preceded it was routinely violated by both sides.Syrian leaders want UN to re-begin talks with President Assad
Syria's opposition urged the resumption of moribund United Nations-sponsored talks with the regime of President Bashar al-Assad, who has returned to the Arab fold after years of isolation. "The international, regional and Syrian conditions provide an appropriate circumstance for the resumption of direct negotiations...," the Syrian Negotiation Commission said in...Saudi Arabia rises three ranks in education impact on UN SDGs
Riyadh, Saudi Arabia -- Saudi Arabia has advanced three ranks in the Times Higher Education Impact Rankings in 2023, with 25 Saudi universities securing a presence in the global performance index.The number of Saudi universities was 22 in 2022 within the international ranking, which sorts universities that impact achieving the...OPEC+ looks to slash production to rein in weak prices
The UAE energy minister Suhail Mohamed Al Mazrouei said he expected the outcome of meeting to "balance the market and ensure we are ready for any challenges in the future". Analysts expected OPEC+ producers to maintain their current policy, but signs emerged that staying the course might fall short of...Global Research Council re-elects Saudi Arabia as MENA region chair
Riyadh, Saudi Arabia--Saudi Arabia has been re-elected to represent the MENA region on the board of the Global Research Council (GRC) during its 11th annual meeting in The Hague, The Netherlands.Dr. Munir Eldesouki, the President of King Abdulaziz City for Science and Technology, will continue to represent Saudi Arabia at...GCC feeds growing appetite for catering services
Rising disposable incomes, demand from businesses and events, online food delivery services, and increased tourism are driving the growth of Gulf catering services market.Iran, Saudi Arabia, UAE, Iraq, other regional powers plan naval coalition
Iranian Navy Commander Rear Admiral Shahram Irani has declared the formation of a new naval coalition. This alliance, encompassing regional powers like Saudi Arabia, UAE, Qatar, Bahrain, and Iraq, aims to enhance maritime security and underlines the increasing recognition of the need for regional synergy in establishing security.‘Benzema and Messi to Saudi Arabia?’: Saudi minister’s comment fuels speculation
Riyadh, Saudi Arabia - Saudi Arabia's Minister of Sports, Abdelaziz Al-Faisal, has reportedly added fuel to the speculation surrounding Lionel Messi and Karim Benzema's potential moves to the Gulf country, effectively ending their careers in European football. Benzema is said to have received a staggering €400 million offer from an undisclosed...Saudi Foreign Minister meets with Iranian counterpart on BRICS sidelines
Cape Town, South Africa -- Saudi Arabia Minister of Foreign Affairs, Prince Faisal bin Farhan bin Abdullah, met Friday with Iranian Minister of Foreign Affairs Hossein Amir-Abdollahian on the margins of the Ministerial Meeting of Friends of BRICS Group in Cape Town.Regional rivals Iran and Saudi Arabia agreed to restore...US secretary of state Antony Blinken to visit Saudi Arabia
Blinken's June 6-8 trip comes as both the United States and Saudi Arabia are seeking to broker a durable cease fire between Sudan's warring generals. On the trip, Blinken will "discuss US-Saudi strategic cooperation on regional and global issues and a range of bilateral issues including economic and security cooperation,"...Ronaldo puts swagger in Saudi football
Al Nassr forward's first season in the kingdom ended with a whimper, but Saudi football has never enjoyed such attention.Saudi-Russian discord clouds OPEC+ output policy meeting
Analysts are now divided over whether Saudi Arabia and Russia will keep the group on course with its current output policy, or further curtail production. "The recent inconsistent rhetoric from the two heavyweights certainly threw the spanner in the works and it is hard to predict the outcome," said Tamas...PIF to acquire stake in Tamimi Market
The Saudi wealth fund will acquire a 30% stake in the gorcery chain.‘I will continue’: Ronaldo says he’ll stay in Saudi Arabia
Riyadh, Saudi Arabia - Portuguese star Cristiano Ronaldo pledged to remain in Saudi Arabia next season on Thursday despite failing to land any silverware since his lucrative move to the oil-rich kingdom.Ronaldo's January signing for Al Nassr has been followed by speculation about how long he will stay, including reports...Jordanian-Saudi royal wedding marks historic union
The couple exchanged their vows in a traditional Muslim wedding ceremony called "katb al-ketab" in an open-air gazebo adorned with flowers.Saudi merchandize exports down 14.6% in Q1 as oil exports fall
Riyadh, Saudi Arabia -- Saudi Arabia's merchandize exports decreased by 14.6 percent in Q1 2023, compared to Q1 2022, a report by the General Authority for Statistics (GASTAT) said. The value of exports amounted to SAR 313.5 billion ($83.6bn) in Q1 2023, down from SAR 367.1 billion ($97.86bn) in Q1...Saudi Arabia’s SME sector grows by 4.8% in Q1 2023
Riyadh, Saudi Arabia - The number of SMEs in Saudi Arabia increased by 4.8 percent in the first quarter of 2023, reaching a total of 1.2 million, Saudi Arabia's General Authority for Small and Medium Enterprises (Monsha'at) reported on Wednesday. This growth was driven by the launch of 88,858 new SMEs...PwC opens regional headquarters
The Middle East headquarters has been set up in Riyadh.Saudi population expands one third in last 13 years
"The 2022 Saudi census marks the "most comprehensive and precise population survey conducted in the Kingdom's history," the General Authority of Statistics said. It set the total population of the country at 32.2 million: 58.4 per cent Saudi nationals and most others from South Asia or elsewhere in the MENA...Saudi SMEs grow by 4.8 percent in first quarter to reach 1.2 million
Riyadh, Saudi Arabia -- The number of small and medium enterprises (SMEs) in Saudi Arabia hit 1.2 million by the first quarter of this year, an increase of 4.8 percent over the fourth quarter of last year, while 89,000 new enterprises were launched during this period.The kingdom's General Authority for...PIF-owned SRC completes $933m sukuk
The issue is part of the SAR 20 billion local sukuk program.First Mills IPO price SAR60 per share
This implies a market capitalization of $888 million.Saudi national freed from captors in ‘special operation’ by Lebanese army
Beirut, Lebanon--A Saudi national who had been kidnapped in Beirut has been freed in a "special operation" by the Lebanese army near the Syrian border, it said in a statement Tuesday."An army intelligence patrol managed to free kidnapped Saudi national Mashari al-Mutairi during a special operation on the Syrian border," the...Yanbu Cement to pay $62.93m in dividends
The cash dividend of SAR1.50 per share will be paid for H1 2023.Saudi SEZs attract $12bn in investments since launch in April
An additional $31 billion in investments are in progress, the Special Economic Zones Investment Forum in Riyadh was told Tuesday. At the forum, four Special Economic Zones (SEZs) licenses were awarded to the King Abdullah Economic City’ (KAEC) SEZ, ‘Ras Al-Khair’ SEZ , ‘Jazan’ SEZ, and ‘Cloud Computing’ SEZ. Early...Advanced secures $586m loan
The five-year financing was secured by promissory notes.Saudi Arabia’s Alinma Bank posts highest first quarter asset growth
Dubai, UAE -- Saudi Arabian Alinma Bank posted the first quarter asset growth of 19.1 percent, leading other Saudi-listed banks, compared to same period a year ago. Al Rajhi Bank came second with 18.1 percent growth. The sector’s average growth rate stood at 11.2 percent.The Saudi Investment Bank led by...OAPEC needs to align with global counterparts
The cooperation of all parties will achieve the best-desired results and goals for which it was established, he adds during the meeting, which discussed the approval of the final accounts of the General Secretariat and the judicial body of the organization for 2022, in addition to the studies it completed...UAE, Saudi Arabia front runners in GCC talent race
The UAE's strategic allure for global talent through enticing policies clashes with Saudi Arabia's ambitious Vision 2030, diversifying economy and broadening talent avenues.Sultan Haitham bin Tarik of Iran-West mediator Oman visits Tehran
His trip comes just two days after Tehran freed Belgian aid worker Olivier Vandecasteele from almost 15 months in custody in exchange for diplomat Assadollah Assadi, who was held in Belgium over a 2018 plot to bomb an Iranian opposition rally outside Paris. Oman helped facilitate the prisoner swapBupa Arabia Q1 net profit $50.28m
Compared to the last quarter of 2022, net profit fell by 1.4 percentSaudi Arabia enters a new era of tech and innovation
“The Kingdom advanced 15 places in the Global Innovation Index in 2022. Winning prizes and top ranks in international competitions has become a yearly tradition for the Kingdom's students and talents. This includes winning 27 awards at the Regeneron ISEF 2023 conference," he adds.Saudi, US mediators see ‘improved respect’ for Sudan ceasefire
Within minutes of the ceasefire taking effect late Monday, witnesses in the capital Khartoum reported air strikes and gunshots. The one-week truce is the latest in a series of agreements that have all been systematically violated, with the army and the paramilitary Rapid Support Forces (RSF) accusing each other of...PIF sets up firm Badael to curb tobacco use in Saudi Arabia
RIYADH, SAUDI ARABIA- The Public Investment Fund (PIF) announced the establishment of Badael Company, which aims to develop, manufacture and distribute innovative products targeted to reduce smoking prevalence and promote healthier lifestyles by offering tobacco-free and less harmful alternatives. The initiative, in the run-up to the World Health Organization (WHO)...East Pipes net profit $26.63m
The company had posted a loss of 3.2 million riyals the previous year.Saudi Arabia, UK ink pact to develop critical minerals supply chains
Riyadh, Saudi Arabia -- Saudi Arabia and the United Kingdom on Thursday signed an agreement to jointly develop critical minerals supply chains.The agreement was signed between Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Al Khorayef, and the United Kingdom’s Secretary of State for Business and Trade, Kemi Badenoch.Critical...Local e-commerce thrives as Saudis shift preference
Government initiatives, such as the national e-commerce strategy and consumer protection regulations, are playing a key role in facilitating the shift in consumers' choice, says a report.Saudi PIF forms $3 billion company for investments in Iraq: CEO
Muteb Alshathri, acting CEO PIF, told the Saudi-Iraqi Coordination Council in the kingdom that the Saudi-Iraqi Investment Company will invest in mining, real estate, infrastructure, mining, agriculture and financial services. In October last year, the fund announced it will establish five companies aimed at investing in Bahrain, Iraq, Jordan, Oman...Saudi Arabia, Canada to restore full diplomatic ties following 2018 rift
On Wednesday, Canadian Foreign Minister Melanie Joly said the two countries will "appoint new ambassadors". A Canadian foreign ministry statement named Jean-Phillipe Linteau as Ottawa's new envoy to the kingdom. The latest announcement follows a frenetic stretch of high-stakes Saudi diplomacy triggered by the kingdom's surprise Chinese-brokered rapprochement deal with Iran...Saudi astronauts at ISS make amateur Radio Contact with students in kingdom
Riyadh, Saudi Arabia - Saudi astronauts Rayyanah Barnawi and Ali Al-Qarni have used the Amateur Radio on board the International Space Station (ISS) to talk with a group of students.The astronauts made the call when the ISS flew over the ground station in Riyadh. The call, made in coordination with the...Saudi Arabia’s logistics sector set to reach $15.3 bn by 2030
Riyadh, Saudi Arabia - The logistics sector in Saudi Arabia is poised for remarkable expansion, with its market size projected to grow to SAR 57.4 billion ($15.3 billion) by 2030, according to latest data. The surge is an outcome of the efforts made by the Ministry of Transport & Logistics Services...Iran appoints envoy to Saudi Arabia after seven years
The new envoy, Alireza Enayati, previously served as Iran's ambassador to Kuwait, assistant to the foreign minister and director general of Gulf affairs at the foreign ministry, the English-language Iran Daily said. There was no immediate confirmation of his appointment from the foreign ministry of the Islamic republic.Oman’s Sultan to visit Iran on President Ebrahim’s invitation
Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to a nuclear deal reached in 2015. Stop-start talks began in April last year to restore the deal, after the US unilaterally withdrew from it in 2018, prompting Tehran to roll back...UK Business Secretary to visit Gulf countries to boost trade ties
LONDON, UK - British Business and Trade Secretary Kemi Badenoch will hold talks for a modern, comprehensive trade deal as she visits Qatar, Saudi Arabia and the United Arab Emirates this week, according to a press release issued by the UK Embassy in the UAE.Meeting her ministerial counterparts in each...Kingdom Holding Q1 net profit down 97%
The firm's net profit in Q1 2022 was $1.57bn versus $46m in Q1 23.Saudi energy minister warns oil short-sellers ahead of OPEC+ meet
Speaking on the sidelines of the Qatar Economic Forum, Saudi Arabia's Minister of Energy Prince Salman said OPEC+ pursued three goals of vigilance, initiative and proactiveness. He added that the inaccurate forecasts of the International Energy Agency led to price volatility in the energy market last year and in the...Saudi Arabia, Bahrain begin joint security exercise ‘Haris’
Riyadh, Saudi Arabia - The Saudi Royal Guard and the Bahrain Royal Guard have started the joint security exercise “Haris” in Riyadh. The joint exercise is part of the continuous cooperation between the Saudi Royal Guard and the Bahrain Royal Guard. The exercise was inaugurated by Major General Mohammed bin...NEOM taps India’s Rajasthan Royals for its cricket program
NEOM, Saudi Arabia - NEOM, the futuristic city being developed in Saudi Arabia, has announced its collaboration with Rajasthan Royals, a prominent T20 cricket team from India, to launch its inaugural cricket program. The pilot initiative aims to promote an active and healthy lifestyle among NEOM's growing workforce, which is...What’s next for Syria after Assad’s regional comeback?
Beirut, Lebanon -- Syrian President Bashar al-Assad has returned to the Arab fold after more than a decade of isolation, eyeing reconstruction and aid from formers foes as the conflict grinds on.Since the brutal civil war broke out in 2011, it has killed more than 500,000 people, displaced millions and devastated...East Pipes, Aramco sign $480m contract
The firm will manufacture pipes for the global energy giant.