Non-oil sectors drive robust growth in GCC countries, says World Bank report
While developing countries paid a record US$1.4 trillion to service debts, the non-oil sectors in the GCC countries are fueling growth and diversification,
Macron hosts Saudi crown prince in Paris, to discuss energy supply
French President Emmanuel Macron is hosting Saudi Arabia's Crown Prince Mohammed bin Salman for talks in Paris on Thursday. The meeting will be seen as one more sign of Prince Mohammed’s rising global profile after US President Joe Biden met him earlier this month.21 business, investment deals boost KSA-Greece ties
The agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture.‘Most IT security officials believe firms threat strategy poor’
A global survey conducted among 2,100 IT Security Decision Makers (ITSDMs) reveals that 60 percent of respondents believe their organizations overall security strategy does not keep pace with the threat landscape.Greece to get ‘cheaper energy’ from Saudi Arabia
A power cable between the Kingdom and Greece to provide Europe with 'cheaper renewable energy' is one of the several upcoming bilateral projects between the two countries.Deals in focus as Saudi crown prince visits Europe
Mohammed bin Salman, who is visiting Greece and France, will meet the leaders of both countries 'to discuss bilateral relations and ways to enhance them in various fields'.Saudi Crown Prince unveils designs for futuristic city The Line
Crown Prince Mohammed bin Salman bin Abdulaziz, and Chairman of the NEOM Board of Directors, Monday announced the designs of THE LINE, a civilizational revolution that puts humans first, providing an unprecedented urban living experience while preserving the surrounding nature.7.1 GW of renewable energy under production in Saudi Arabia
Saudi Ministry of Energy has put forward renewable energy projects with a production capacity of 7.1 gigawatts (GWs), which are now in various stages of completion, media reports said, quoting S&P Global. An additional 15 GWs are expected in 2022 and 2023, the agency cited the ministry as saying. The...Saudi Arabia’s overall exports in May 2022 was US$38.5bn
The Kingdom of Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021, the General Authority for Statistics (GASTAT) revealed.Saudi center to auction industrial properties in Riyadh
Saudi Arabia's Center for Attribution and Liquidation "Infath" will auction quality real estate in Riyadh on August 1, a media report said. The auctions offer 14 industrial real estate assets in eastern Riyadh, with large total areas estimated at more than 80,000 square meters. The real estate consists of three...Saudi Arabia to pour in $5bn in poultry industry
Saudi Arabia will pour in $5 billion in the poultry industry in order to boost production as the kingdom looks to achieve self-sufficiency in the sector. The Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley said that in targeting 1.3 million tons of broiler chickens per year, the ministry...Crises make GCC, Western countries more pragmatic
An increasing number of strategic agreements are being signed with the regional players as Europe, US seek to diversify sources of energy supply, says an expert at IRISCenter to combat financial fraud inaugurated in Saudi Arabia
A Joint Operations Center for Saudi Banks tasked with following up and monitoring cases of financial fraud that bank customers may be exposed to has been inaugurated by Saudi Central Bank Governor (SAMA) Dr. Fahd bin Abdullah Al-Mubarak. The center brings together all Saudi banks under one roof to improve...Nearly 30 percent of Saudi residents exercise for 150 minutes a week
About 30 percent of Saudi residents practiced a physical activity for at least 150 minutes per week in 2021, compared to 20 percent in 2019, according to the General Authority for Statistics (GASTAT). This increase indicates an improvement in the community's awareness towards practice of sport and physical activity, media...Ataa acquires Saudi firm Naba’a
The acquisition made through Ataa subsidiary.Salama Coop Insurance to cut capital
The company’s shares will also reduce from 25 million to 10 million.Saudi Arabia mulls welfare funds to ease inflation
The Kingdom has allocated $5.3bn to deal with the fallout of rising global prices, with half of the fund going to social insurance beneficiaries and the Citizens' Account program.Iraq to host ‘public’ meeting of Iran, Saudi foreign ministers
It will be a public meeting, (unlike) previous encounters that were held privately at a low level between intelligence and security officials, said Iraqi foreign minister Fuad Hussein.Saudi Arabia inks several deals at Farnborough airshow
The General Authority for Military Industries led and organized the Saudi pavilion under the slogan "Invest in Saudi."Al-Ula: World’s largest open air museum
The Saudi region is rich in history that has been shaped by successive civilizations spanning more than 200,000 years.Saudi construction contracts jump to $12.3 billion in Q1
Saudi Arabia has seen a staggering increase in the award of construction contracts to the tune of $12.3 billion in the first quarter of 2022.Saudi Arabia unveils plan to automate 4,000 factories
Saudi Arabia will automate some 4,000 factories in order to enhance competitiveness, efficiency and quality of industry.Crises put Gulf investments in Sri Lanka at stake
The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion in economic and trade relations between the two sides.A new ‘architectural openness’ is remaking Saudi streets
Local architects and engineers say such features have become a hallmark of renovation and newly-built projects across the capital Riyadh.Saudi Arabia, Jordan review border security cooperation
Saudi Arabia and Jordan explored enhancing security cooperation in border security, developing human resources and training, and exchanging experiences. Border Guard officials of Saudi Arabia and Jordan discussed it in the 11th meeting held between them at the headquarters of Jeddah Academy of Maritime Sciences & Security Studies. Saudi Arabia's...$399 million hospitality investment fund coming up in Saudi Arabia
A SAR 1.5 billion ($399 million) hospitality investment fund that will advance lifestyle hotels in Saudi Arabia will be set up by the Tourism Development Fund (TDF) in partnership with Ennismore and Al Rajhi Capital. Ennismore is the world’s largest and fastest-growing lifestyle hospitality company and Al Rajhi Capital, an...Moody’s says Saudi economy to post 3.9% growth rate
Moody’s has projected the economy of Saudi Arabia to post growth rate of around 3.9 percent from 2022 to 2026.Saudi VC investments post 244% jump to $584m in H1
Venture capital investments in Saudi Arabia have posted a staggering 244 percent increase to $584 million in the first half of 2022.Biden’s Arab trip lukewarm, at best
The US president could not dispel the view that the Washington is no longer a reliable ally and he also failed to connect at a personal level with the young GCC leaders, say experts.Investments in Saudi startups grow by 244 percent in H1 2022
Investments in Saudi startups grew by 244 percent to a record high of SAR 2.19 billion ($584 million) in the first half of 2022 compared to the same period in 2021. In fact, the investments in the first half of 2022 surpassed the total investments in 2021, according to a...SAMI, Lockheed Martin sign pact
A center for manufacturing composite materials will be set up in Riyadh.Equities slide in Asia as Apple report fuels economic worries
Most stocks fell Tuesday after a Wall Street sell-off fueled by fresh recession worries following a report that Apple planned to ease back on spending due to uncertainty over the economic outlook. While some are predicting inflation may have reached its peak, oil prices continues to hold its strength, despite...Iran supreme leader pardons, commutes sentences of prisoners
Iran's supreme leader has pardoned or commuted the sentences of more than 2,200 prisoners, including some on death row, to mark two important Muslim feasts, official sources said Sunday.PPP projects inject more vigor into Saudi healthcare
The Kingdom is stepping forward and allowing the private firms to invest in healthcare infrastructure, Sandeep Sinha, Head of Healthcare Consulting - MENA at JLL, tells TRENDS.Saudi Arabia signs Artemis Accords for space exploration
Saudi Arabia announced joining Artemis Accords, affirming its commitment to sustainable space exploration guided by a common set of principles that promote the beneficial use of space for all of humanity.Iraqi PM calls for joint efforts to tackle issues facing region
Iraqi Prime Minister Mustafa Al-Kadhimi said the Middle East has been affected by climate change, water crisis, dangers of desertification, health challenges such as the COVID-19 pandemic and called for joint efforts to confront them.Jeddah Summit enhances ties with US, GCC countries: Saudi minister
Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih said that the Saudi-US and GCC-US summits, in the presence of Jordan, Iraq and Egypt, strengthens the solid relations and strategic partnership that exists among them.Biden’s fraught Middle East tour sees no diplomatic breakthrough
On issues ranging from energy prices to human rights and Israel's role in the region, Biden could point only to small -- if any -- gains after four whirlwind days of meetings and speeches. There was no progress on the moribund Palestine peace negotiations.Security and stability remain key focus of the region
In a joint statement following the summit -- attended the GCC member states, Jordan, Egypt, Iraq and the US -- the leaders also vowed to enhance regional cooperation and integration, and build joint projects to achieve sustainable development and collectively address the climate challenges.‘Unrealistic policies to curb emissions could fuel inflation’
Saudi Crown Prince Mohammed bin Salman warned that unrealistic policies to curb emissions could fuel inflation, as he chaired a summit bringing together Arab leaders and US President Joe Biden.Saudi citizens’ US visitor visas validity raised to 10 years
The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from five to 10 years and it will be applicable from August 1, 2022.Peacekeepers to leave strategic Red Sea island by year’s end: White House
A multinational peacekeeping force will leave a strategic Red Sea island by the end of the year, the White House said Friday, potentially boosting opportunities for future contact between Saudi Arabia and Israel. "International peacekeepers, including US troops, will leave Tiran island in the Red Sea where they've been for...Saudi inflation inches up to 2.3%, driven by high food prices
Inflation in Saudi Arabia jumped to 2.3 percent, in June, from 2.2 percent in May, driven by a rise in food and beverages prices. “Food and beverages prices were the main drivers of the inflation rate in June 2022 due to their high relative importance in the Saudi consumer basket...Biden vows to defend KSA, halt Iran’s nuclear bid
A joint communiqué, issued after US president's meetings with King Salman and Crown Prince Mohammed bin Salman, outlines the strategic alliance between the two countries.Biden to focus on oil at summit with Arab leaders in Jeddah
US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia, the final stop of his Middle East tour. The meeting in Jeddah will bring together leaders of the six-member Gulf Cooperation Council as well as Egypt, Jordan and...Saudi Arabia, US sign 18 agreements in key sectors
The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.Biden in Saudi Arabia to revive bilateral ties
Joe Biden -- the first US president to fly directly from Israel to Saudi Arabia -- met Saudi King Salman before participating in a "working session" headed by Prince MohammedThe Red Sea islands caught between Egypt, Saudi and Israel
As US President Joe Biden visits the Middle East this week, one issue on the table will be the status of two small Red Sea islands that are uninhabited but of key strategic value. Resolving the tricky status that stems from their location and turbulent history would help build trust between...Saudi Arabia-US: A crisis-peppered partnership
On February 14, 1945, the two countries' partnership is sealed during a historic meeting between king Abdel Aziz bin Saud and president Franklin D Roosevelt.Saudi Arabia opens airspace to ‘all carriers’, including Israeli airlines
Saudi Arabia announced Friday it was lifting restrictions on "all carriers" using its airspace, an apparent gesture of openness towards Israel ahead of US President Joe Biden's arrival. The US leader welcomed the "historic" decision, the latest conciliatory move by Riyadh concerning the Jewish state.How Saudis receive US presidents: A hug for Biden?
King Abdullah greeted Bush warmly at the airport in May 2008, showing no signs of the tensions that had roiled their 2002 meeting at Bush's Texas ranch.


















































