Secretary-General of the GCC Dr. Naif Falah Mubarak Al-Hajraf has warned that the act would inflame and provoke Muslims around the world. He said the GCC stood for the importance of spreading the values of tolerance and rejecting extremism.

BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman for the Civil Aviation Authority, Jihad Al-Diwan, told local media agency: "We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports, except for...

In a statement, Palestinian foreign ministry acknowledged the full Saudi support for the right of the Palestinian people in determining their own destiny.

Overall, the two Gulf countries will continue to be major beneficiaries of the inflow of funds this year, says Nazar Musa, CEO of PRO Partner Group.

The comments by Prince Faisal bin Farhan Al Saud on the sidelines of the World Economic Forum in Davos came as Israeli Prime Minister Benjamin Netanyahu discussed normalization with Saudi Arabia in talks with White House National Security Advisor Jake Sullivan in Jerusalem on Thursday.

Hundreds of millions of euros worth of footballers were on view for the exhibition game in the Saudi capital, which comes just weeks after neighbouring Qatar spent lavishly on the first World Cup on Arab soil, won by Messi's Argentina. Among the packed crowd at the 69,000-seat King Fahd Stadium...

More than 50% of the countries with voting rights have pledged public support for the Saudi city’s bid, Fahd Al-Rasheed, the CEO of the Royal Commission of Riyadh City, tells TRENDS.

Netanyahu, who returned to office last month with the formation of a new government, was at the helm in 2020 when Israel established ties with the United Arab Emirates, Bahrain, Morocco as part of the Abraham Accords. He has repeatedly expressed his desire to see Saudi join the list.

Riyadh, Saudi Arabia--Saudi Arabia's Capital Market Authority's has approved the Implementing Regulations of the New Companies Law for listed joint stock companies to be effective from 19 Jan 2023.The approval is based on the authority the Law granted to the CMA to regulate the matters and subjects stipulated in the...

The mode of communication, known as Alheda'a, was inscribed last month on UNESCO's list of intangible cultural heritage.

Princess Reema bint Bandar, Saudi Arabia’s Ambassador to the United States of America, underlined the importance of the Saudi-US relationship.

There is a need to find a route to ending the Russia-Ukraine conflict, otherwise global uncertainty would continue. "This is complex question, but we will have to talk about how we find a pathway to ending the conflict," adds Prince Faisal bin Farhan Al Saud in Davos.

The sector gains meteoric traction, largely due to structural shift in consumer interests and partly because of the pandemic-induced accelerated digitalization, says an expert.

Despite its goal of achieving net zero carbon emissions by 2060, the country remains hugely dependent on crude oil exports that have powered its growth for decades, raising doubts about its potential for an economic makeover any time soon. Riyadh has dispatched eight top-ranking officials to the gathering of business...

Both Gulf countries reported an increase in non-essential spending from 2021 to 2022, with the expectation that this trend will continue into 2023, says an expert.

A real estate businessman from Saudi Arabia has won a ticket to see Cristiano Ronaldo and Lionel Messi face off in a friendly after bidding $2.6 million at an auction. The game in Riyadh will pit Messi's Paris Saint-Germain against players from Ronaldo's new club Al Nassr and their Saudi...

Mohammed Al-Jadaan also warned of risks if the central bank digital currency was introduced as it will require citizens to provide large amounts of data.

Large infrastructure projects -- mainly supported by the Public Investment Fund and National Development Fund -- are expected to boost the Kingdom's economy further.

The move aims at supporting Kingdom's infrastructure development, boosting logistics and providing unique business environment in transport sector, air traffic and ports.

Jeddah, Saudi Arabia--Jeddah will host the first Islamic arts event from 23rd January to 23rd April 23, 2023, which will feature 17 exhibits from Uzbekistan.The event is organized by the Diriyah Biennale Foundation in cooperation with the Ministry of Culture of Saudi Arabia.The event aims at “connecting the past, present...

The Camel Club will be participating in all events organized by the ICO in the kingdom as a local and international strategic partner.

Nearly six years after the breakup of diplomatic ties between the two countries, Iran's Foreign Minister Hossein Amir-Abdollahian has expressed hope that ties between Tehran and Riyadh could be restored through dialogue between the two regional arch-rivals. Saudi Arabia broke up ties with Iran in 2016, after protestors attacked its...

The UAE pledged to roll over $2 billion in debt due over the next two months, with an additional $1 billion pledged during Prime Minister Shehbaz Sharif's ongoing visit to the emirates.

Nearly 60 percent of organizations in the region had increased their cybersecurity spending in 2022, Abhay Pandey, Founder and CEO at MAST Consulting Group, tells TRENDS.

Paris, France--A Saudi film fund announced Thursday that it is investing in Johnny Depp's new movie, a French period drama in which he plays King Louis XV.The Red Sea Film Foundation said in a statement that it was backing the new film, "Jeanne du Barry", directed by France's Maiwenn, who...

Riyadh, Saudi Arabia---Saudi Arabia and Bulgaria have discussed ways to boost bilateral cooperation and develop the economic sectors between the two countries.The two discussed these issues during a meeting between Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim and the Bulgarian Minister of Economy and Industry Nikola Stoyanov and...

The signing ceremony also witnessed the handing over of the two exploration licenses for Khnaiguiyah and Umm Al-Damar sites to the companies that won their licenses.

Seeking to reduce its dependence on crude, the world's biggest oil exporter, Saudi Arabia, has said that the kingdom intends to use its own uranium resources to develop its civilian nuclear program, according to its energy minister, The project is expected to cost the country some $80 billion.

It aims to enhance global cooperation and design joint solutions to today’s geopolitical, social, economic, and human development challenges. Saudi’s delegation will discuss how it addressed challenges posed by the pandemic and share insights into the solutions that helped maintain a robust performance in the face of rising global pressures.

Face and iris recognition technology vary by country in the region, and expecting it to be implemented in many airports around the world in a short time is unrealistic, says an expert.

RIYADH, SAUDI ARABIA - The General Authority for Statistics (GASTAT) published Tuesday on its official website the results of the Industrial Production Index (IPI).In November 2022, the Industrial Production Index (IPI) increased by 8.6 percent compared to November 2021.The IPI continued to show positive growth rates due to the high...

The pilgrimage - one of five pillars of Islam, and which all able-bodied Muslims with the means are required to perform at least once - is scheduled for June. In 2019, about 2.5 million people took part in the rituals. For the next two years numbers were drastically curtailed numbers...

Riyadh, UAE---Saudi Arabia's Ministry of Investment has signed MoUs with three companies to develop and market investments in hospitality, tourism, catering services and entertainment activities besides cooperation in operating residential and commercial complexes.The MoUs were signed with Kadana Company, Lifestyle Development Company and Jusoor Al-Khaleej Company at the Hajj and...

In December last year, the kingdom had extended the term of a $3 billion deposit to boost Pakistan's foreign currency reserves.

Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.

The oil-rich kingdom, along with Egypt and Greece, is considering a bid to host world football's 2030 showpiece tournament, and Ronaldo's ambassadorial role will bring his reported earnings in the country to over $428 million. Ronaldo is expected to make his Al Nassr debut on Jan. 22.

Riyadh, Saudi Arabia-- Al-Nassr coach Rudi Garcia hopes that Cristiano Ronaldo will "rediscover the pleasure of playing" when he brings a little stardust to the Saudi Arabian league."The only thing I wish for Ronaldo is that he rediscovers the pleasure of playing and smiles again because in recent months between...

The year-end statistics for 2022 highlight a 3.2 percent surge in container volumes at 10.355 billion TEUs compared to 10.035 billion TEUs a year earlier.

Cristiano Ronaldo may make his Saudi Arabian debut on January 22 after the Portuguese star was successfully registered by new team Al Nassr. The star who was unveiled to fans this week joined the squad list after Al Nassr terminated Vincent Aboubakar to stay within the maximum eight foreign nationals...

Reduction in hunger, provision of food security and improved nutrition, and promotion of sustainable agriculture contribute to sustainable development in the region, says an expert.

Abu Dhabi, UAE--The market cap of Arab stock exchanges has vaulted to $4 trillion by the end of 2022, according to the Arab Monetary Fund (AMF).The AMF said in a statement that the market value of the Abu Dhabi Securities Exchange reached $714.6 billion in the reference year, while that...

Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC indices. In 2023, Saudi and UAE ended the weekly exchange down or stable.

Riyadh, Saudi Arabia---Portuguese superstar Cristiano Ronaldo still needs to serve a two-match English Football Association ban before making his Al Nassr debut, an official at the Saudi club told AFP on Friday.Ronaldo was slapped with the ban in November for hitting a mobile phone out of a teenage fan's hand after...

Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data.

RIYADH, SAUDI ARABIA - Saudi Arabia's first female international referee was appointed by FIFA on Thursday, less than a year after the conservative kingdom's national women's team made their debut.Anoud Al-Asmari's international badge is the latest in a series of steps in football by the Saudis, who have got 37-year-old great...

Riyadh, Saudi Arabia--Portuguese superstar Cristiano Ronaldo faces a wait to make his Al Nassr debut because the Saudi club have exceeded their quota for foreign players, club sources told AFP on Thursday.When he was unveiled with great fanfare on Tuesday, the 37-year-old said he was keen to play as soon as...

The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production chains.

The Saudi Notarization Law has transferred a number of such jurisdictions from courts to the notarial e-system.

GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies.

The airline launched 16 new destinations and 30 new routes.