Riyadh, Saudi Arabia-- Saudi Arabia and the Netherlands have discussed the possibility of exporting clean hydrogen from the kingdom to Europe. In this regard, Energy Minister Prince Abdulaziz Bin Salman met with the Deputy Prime Minister and Minister of Foreign Affairs of Netherlands Wopke Hoekstra in Jeddah. The meeting also...

Jeddah, Saudi Arabia - Saudi Crown Prince Mohammed bin Salman bin Abdulaziz on Monday  met the Saudi astronauts: Rayana Bernawi, Ali Al-Qarni, Mariam Fardous and Ali Al-Ghamdi before the launch of the kingdom’s scientific mission to the International Space Station (ISS). The Crown Prince welcomed the crew of the scientific...

Prince Mohammed said the latest transfer will "solidify PIF's strong financial position". Authorities did not give a value for the latest shares, which have been moved from the world's biggest oil exporter to Sanabil Investments, a firm controlled by the Public Investment Fund (PIF) that is led by Crown Prince...

Sanaa, Yemen-- Yemeni rebels and government forces freed scores of prisoners Sunday on the last of a three day exchange of nearly 900 detainees, boosting hopes of ending their protracted civil war. Planes carrying detainees took off at the same time from the Houthi rebel-held capital of Sanaa and the government-controlled...

Algiers, Algeria-- Syrian Foreign Minister Faisal Mekdad arrived in Algeria on Saturday, Algerian state radio reported late on Friday, a visit that reinforces Damascus' openness to the Arab world after it was isolated for more than a decade. The Algerian foreign minister, Ahmed Ataf, received the visiting minister, state radio...

Major cloud service providers such as Microsoft, Tencent Cloud, Oracle, Amazon Web Services, and Alibaba Cloud are establishing local cloud regions. 

A passenger plane preparing to take off from Sudan for Saudi Arabia came under fire as deadly fighting rocked Khartoum, the kingdom's flag carrier said. The Airbus A330 bound for Saudi Arabia "was exposed to gunfire damage... with guests and crew on board" ahead of its scheduled departure to Riyadh,...

The first flight of the day took off from the southern Saudi city of Abha before 9:00 am (0600 GMT), headed for Yemen's Houthi-held capital Sanaa with 120 Houthi rebel prisoners, ICRC public affairs and media adviser Jessica Moussan said. It was followed by a flight from Sanaa to Riyadh...

Syria was suspended from the Arab League in 2011 over Assad's brutal crackdown of pro-democracy protests. But on Wednesday, in the latest sign of an easing in tensions with Damascus, Syrian Foreign Minister Faisal Mekdad arrived in Jeddah, the first such visit since the war began.

Arab countries gathered in Jeddah on Friday to discuss ending Syria's long spell in the diplomatic wilderness as regional relations shift following Saudi Arabia and Iran's decision to resume ties.

The first plane departed Sanaa, the rebel-held capital, for government-controlled Aden hours after a Saudi delegation departed without a fresh truce but with plans to meet again. Both initiatives come a month after Gulf heavyweights Saudi Arabia and Iran, who back opposing sides in the Yemeni conflict, agreed to re-establish...

Riyadh, Saudi Arabia - Saudi Arabia's annual inflation rate dropped to 2.7 percent in March from 3 percent in February, as per government data.  The decrease was mainly driven by a rise in housing rents. Housing, water, electricity, gas, and other fuels rose by 7.4 percent from the previous year,...

Houthi political leader Mohamed Ali al-Houthi said the talks were conducted in a "positive atmosphere", with plans for another round. On Saturday, before the Saudi visit, a Yemeni government source said the Saudis and Houthis had agreed in principle on a six-month truce to pave the way for three months...

Since the launch of Vision 2030, the kingdom's unemployment rate has notably dropped due to economic development, job localization, and greater women participation in labor market.

Friday's nine-nation talks in Jeddah, the Red Sea gateway to Mecca, come after Syria's foreign minister arrived on a previously unannounced visit - the first since the outbreak of the country's civil war in 2011.

Friday's nine-nation talks in Jeddah come after Syria's foreign minister arrived on a previously unannounced visit -- the first since the outbreak of the country's civil war in 2011. It was one in a flurry of events that were nearly unthinkable before Saudi Arabia and Iran announced to restore ties.

In 2017, Bahrain joined Saudi Arabia, the United Arab Emirates and Egypt in imposing a diplomatic blockade on Qatar. The countries' rivalry goes back even further, however, and Bahrain is the last to renew ties. Agreement on the reconciliation was reached in talks at the Gulf Cooperation Council headquarters in...

It's raining peace in the Arab world. Saudi Arabia has taken lead in normalizing ties with countries such as Turkey, Iran and Syria in the past few months.

Dubai, UAE -- The ongoing Taif rose season in Saudi Arabia, which starts at the beginning of March and last for 45 days, fills the city with fragrance and the bright-colored flowers attract rose lovers and perfume makers from the kingdom and abroad. The visitors take part in the activities...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...