The two leaders talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere.

Syria's President Bashar al-Assad, diplomatically isolated since the start of the Syrian war in 2011, has visited the UAE and Oman over the past two months. An Arab League summit is expected to be held in Riyadh in May.

Riyadh, Saudi Arabia - Saudi Arabia's Attribution and Liquidation Center (Infath) will hold 11 public auctions, both physical and online, between April 11 and April 30, 2023.This includes sale and liquidation of 136 various properties, ranging from residential, commercial, agricultural and industrial, located in 10 different regions in the Kingdom.Auctions...

Nearly 900 prisoners, most of whom were fighting with Houthi rebels, will be flown between Yemen and Saudi Arabia, which leads the military coalition fighting on behalf of the ousted government, the official said on Tuesday.

The net profit was down 78% compared to the previous quarter.

The Saudi ambassador's visit seeks to support the prisoner exchange and also to explore venues of dialogue to reach "a sustainable, comprehensive political solution."

Aden, Yemen - The fourth batch of the Saudi Oil Derivatives Grant, consisting of 150,000 metric tons of diesel and 100,000 metric tons of mazut, has arrived at the oil port in Aden. This initiative is part of Saudi Arabia's ongoing efforts to support the Yemeni people, in response to a...

Dubai, UAE – Saudi Arabia has achieved 60 percent self-sufficiency in the production of mangoes in the kingdom, producing more than 88000 tons of mangoes on more than 6880 hectares of land, the Ministry of Environment, Water and Agriculture said.This comes at a time when the Ministry is working through...

The delegation's arrival comes roughly a month after China helped broker a surprise rapprochement between Saudi Arabia and Iran, fuelling hopes for progress on ending the Yemen conflict that has claimed hundreds of thousands of lives. Omani mediators arrived in the Yemeni capital, Sanaa, on Saturday.

Iran's foreign ministry said a delegation will visit Saudi Arabia by April 14 to pave the way for reopening its diplomatic missions there following a similar move by Riyadh. The announcement comes a day after a Saudi delegation arrived in Tehran and follows a historic meeting between the two Gulf...

The latest developments are generating substantial growth opportunities for both local and international service providers in the outsourcing market, a report points out.

Saturday's visit is part of "implementing the tripartite agreement" reached on March 10 between the two regional powers, brokered by China, to restore relations ruptured in 2016, the Saudi foreign ministry said. The two longtime Middle East rivals have now pledged to work together.

Nearly a decade of war in Yemen has claimed hundreds of thousands of lives, both directly and indirectly, and triggered what the United Nations has called the world's worst humanitarian crisis. The Huthis seized the capital Sanaa in 2014, triggering the conflict with the government backed for eight years by...

Riyadh, Saudi Arabia--Four cities in Saudi Arabia were placed in the IMD Smart City Index for 2023. According to the index, released by the International Institute for Management Development (IMD), the Saudi capital city of Riyadh maintained its position as the third smartest Arab city.Makkah entered in the index for...

Dubai, UAE -- The Saudi Fund for Development (SFD) has signed a US$240 million loan agreement to support Pakistan's Mohmand Multipurpose Dam Project, an 800MW hydropower complex that will contribute to Pakistan’s energy security, increase sustainable water supply for agriculture and human consumption and improve resilience to floods.The agreement was...

The two regional powers have cut ties twice since the 1987 crackdown on protesting Iranian pilgrims in Makkah. They have now pledged to work together for regional stability.

Iranian Foreign Minister Hossein Amir-Abdollahian and his Saudi counterpart Prince Faisal bin Farhan have pledged to reopen diplomatic representations within two months.

Smart mobility solutions like self-driving cars, shared mobility, and adaptive traffic lights are set to transform Saudi cities, which are focusing more on autonomous technologies.

Dubai, UAE -- Fitch Ratings has recently upgraded its Saudi Arabia’s rating to 'A+' with a Stable Outlook.The agency indicated in its report that this rating upgrade reflects the kingdom's strong fiscal and external balance sheets with large sovereign net foreign assets compared to ‘AA’ median and debt/GDP half of...

TEHRAN, IRAN - Iran on Wednesday welcomed a US call to help end the long-running conflict in Yemen by backing a peace process, one year after a United Nations-brokered truce dramatically reduced fighting.Diplomatic efforts to resolve the conflict have multiplied since the Yemeni government's main foreign backer Saudi Arabia signed a Chinese-brokered...

Iran and the United Arab Emirates have long had close economic ties which continued even during the diplomatic chill. A veteran diplomat who served most recently as director general of the foreign ministry's diaspora affairs department, Reza Ameri's career had previously taken him to Algeria, Sudan and Eritrea.

The deal, thrashed out in talks between federal and regional officials, spells the end of independent oil exports by the Kurdish regional government and marks a clear limit to its autonomy.

The current healthcare expenditure in the Gulf Cooperation Council region is expected to reach $135 billion in 2027, implying an annualized growth rate of 5.4 percent.

The firm announced 10-year and 30-year tranches.

The packaging plant will be one of the largest in the world.

Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive tells TRENDS.

The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar are "in the interests" of global markets. The surprise move on Sunday came as oil prices have cooled in recent months after soaring last year following the start of the...

Sunday's move "caught the markets off guard" and reversed recent oil-price gains, noted ActivTrades analyst Ricardo Evangelista. "With the fizzling out of the banking crisis and the return of optimism to the markets, the price of the barrel was already showing signs of recovering," he noted.

Riyadh, Saudi Arabia --  The Authority for Industrial Cities and Technology Zones (MODON) has signed an agreement with GE whereby the latter's factories spread over 120,000 square metres in the Eastern Region will come under MODON supervision.The agreement was signed between the CEO of the MODON Eng. Majed Al-Argoubi and...

CAIRO, EGYPT - Egyptian President Abdel Fattah al-Sisi met Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud at Ramadan Suhoor-meal table in Jeddah early Monday. The trip came as Egypt seeks financial support to alleviate pressure on its currency and strengthen its struggling economy.During the...

Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total more than one million barrels per day -- the biggest reduction since the OPEC+ cut 2 million bpd in Oct. A Saudi official called it a measure "aimed at supporting...

According to FII CEO Richard Attias, the report on the Global Priority Summit will be ready by October 2023, and it will showcase how countries worldwide are transforming by implementing strategies that prioritize citizens' concerns such as job creation, inflation, and healthcare. Attias emphasized that their responsibility as a non-profit...

Riyadh, Saudi Arabia -- Saudi Arabia will host the 42nd edition of the Global Real Estate Summit next December in Riyadh.According to Saudi News Agency (SPA), the summit is considered the industry's largest annual gathering, which includes real estate pioneers and CEOs of critical real estate companies from all over...

The jobless rate for Saudi women dropped to 15.4 percent in the fourth quarter, down 5.1 percent from the third quarter and 7.1 percent from a year earlier.

Riyadh, Saudi Arabia - The Saudi Ministry of Municipal, Rural Affairs, and Housing and the Ministry of Investment have signed a memorandum of understanding (MoU) with the NAVER Group of South Korea to undertake joint digital projects in the kingdom . The NAVER, NAVER LABS, and NAVER Cloud, specialize in information...

Riyadh, Saudi Arabia--Saudi Arabia has presided over the 26th session of the Commission on Science and Technology for Development (CSTD) of the United Nations Economic and Social Council (ECOSOC).The kingdom was represented by the Director General of International Affairs at the Communications, Space, and Technology Commission, Eng. Mansour Al-Qurashi, to...

Dubai, UAE -- Saudi Arabia's unemployment rate dropped in the fourth quarter of 2022, compared to the previous quarter, mainly due to government activities and private sector hiring, the kingdom's General Authority for Statistics said Thursday.Saudi Press Agency reported that despite the global economic challenges, including those prevailing in the...

Riyadh, Saudi Arabia -- Saudi Arabia has agreed to join the Shanghai Cooperation Organization as a "dialogue partner", state media reported on Wednesday, the latest indication of closer political ties with China.The Shanghai Cooperation Organization was established in 2001 as a political, economic and security organization to rival Western institutions.Besides China,...

Gulf countries have substantial financial and other resources to achieve zero- emission goals but they need to identity and address the obstacles.

The move is likely to help regulate supply, bridge the gap between supply and demand, and create more demand for further development in the Kingdom, an expert tells TRENDS.

The complex is expected to be operational by 2026.

Riyadh's move to partner with the bloc comes less than three weeks after the unveiling of a landmark China-brokered reconciliation deal with Iran to restore full diplomatic relations that were severed seven years ago.

Riyadh, Saudi Arabia--Alistithmar Capital has joined hands with Safa Investment Co. to set up several real estate funds worth around $292.9 million.   The two companies will combine their strength to enable Saudi Arabia's growth in the real estate sector through funds that target the residential space in main cities with particular...

This month Crown Prince Mohammed bin Salman, unveiled Riyadh Air, the new airline which is intended to transform the capital into "a gateway to the world."

The UAE is likely to remain the top e-commerce market in the GCC in 2023 but Saudi represents the largest potential growth over the medium and long term.

In his first comments on the matter to be made public since the deal was struck, Xi said the dialogue promoted by China would "play a major role in strengthening regional unity and cooperation". Crown Prince Mohammed on Tuesday "expressed the Kingdom's appreciation for the Chinese initiative to support efforts...

Riyadh, Saudi Arabia--A bus ferrying pilgrims to the holy city of Mecca burst into flames after a collision on a bridge on Monday, killing 20 people and injuring more than two dozen others, Saudi state media reported.The incident in the southern province of Asir highlights persistent challenges to safely transporting worshippers...

The United Arab Emirates takes the lead as the happiest Arab country in 2023, according to the World Happiness Report, followed by Saudi Arabia and Bahrain.

The region's corporate/M&A activity is expected to grow this year on the back of an unprecedented Sovereign Wealth movements in Abu Dhabi and Saudi Arabia, says an expert.

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