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.Do signs point to an Israel-Saudi normalisation deal?
Despite the recent signs of a US-Saudi rapprochement, analysts say it is improbable Riyadh will agree to diplomatic ties with Israel.US pledges to stop Iran from making nuclear weapons
The US will use "all elements of its national power" to stop Iran from acquiring nuclear weapons, President Joe Biden pledged in a security declaration signed with Israel on Thursday. In the document inked by Biden and Israeli Prime Minister Yair Lapid in Jerusalem, the two countries "reaffirm the unbreakable...Saudi Ports Authority reports 16% jump in cargo in June
Saudi Arabia has reported a 16 percent increase in cargo volumes to 27.1 tons in June 2022, according to the latest release by the Saudi Ports Authority, also known as Mawani.Saudi-Israel normalization still long way off
Israeli journalist Yoav Limor's freindly experience in Saudi hints at changes in Saudi public opinion that officials hope could one day lay the groundwork for a formal bilateral ties.Biden vows to advance Israel’s integration into Middle East
Air Force One will make a first direct flight from Israel to Saudi Arabia amid efforts to build ties between the Jewish state and the Gulf kingdom, which does not recognize Israel's existence. The trip is seen as part of efforts to stabilise oil markets by re-engaging with major energy...Biden’s visit may spur start of Saudi-Israeli diplomatic ties
Israel hopes US President Joe Biden's Middle East tour will hail the start of diplomatic ties between the country and Saudi Arabia, a senior Israeli official said Tuesday.US President to broaden ties in visit to Saudi Arabia, Israel
US President Joe Biden lands in the Middle East on Wednesday for a trip that will see Israeli leaders urge tougher action against Iran, before a delicate stop in Saudi Arabia. The 79-year-old president's visit to Jeddah on Friday will be the focus of the tour.Cyber attacks on network infra focus of MENA ISC 2022 in Riyadh
Rising cyber attacks on network infrastructure in countries across the world, which pose a significant threat to the economies of these countries, will be the focus of the 10th edition of MENA Information Security Conference (ISC) 2022 in Riyadh in September this year. MENA ISC is one of the most...Guyana to ‘remove bureaucratic hurdles’ for Saudi investors
Guyana has pledged to a group of Saudi investors visiting the South American country to remove all hurdles in the way of making investment.Biden seeks to persuade Saudi Arabia to pump more oil as prices soar
Saudi Arabia's oil-driven economy expanded by 9.6 percent in the first quarter, its strongest growth rate in a decade.Saudi Arabia’s Industrial Production Index grows by 24 percent in May
Saudi Arabia’s Industrial Production Index (IPI) grew by 24 percent in May 2022 compared to the same period last year. The growth is the third highest rise in the last three years, according to the kingdom’s General Authority for Statistics (GASTAT). The IPI is an economic indicator that reflects the...Reaching out without walking back? Biden begins delicate Saudi trip
Biden appears ready to re-engage with Saudi Arabia that has been a key strategic ally of the United States for decades.Joe Biden to ‘strengthen a strategic partnership’ with Saudi Arabia
US President Joe Biden said Saturday he aims to "strengthen a strategic partnership" with Saudi Arabia during a visit there next week, but added that he will hold true to "fundamental American values." Biden is expected to press for increased Saudi oil production in the hope of taming spiraling fuel...Biden to meet Saudi Crown Prince during his visit next week: White House
Biden is expected to press for increased Saudi oil production in the hope of taming spiraling fuel costs and inflation at home.Summer break, Eid push up Saudi air ticket prices
The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between 32% and 314%, a survey points out.Women upbeat over guardian-free Hajj
This year's Hajj, the first large-scale edition since the guardian requirement was dropped in 2021, has taken on a different hue with thousands of unaccompanied women joining the rituals.Aramco expected to post $44bn profit in Q2: report
Al-Rajhi Capital which has analyzed the performance of all industrial sectors expects Saudi-listed companies to see mixed earnings in Q1 2022, amid rising oil prices.Largest Hajj of Covid era ready to begin in Mecca
The biggest hajj pilgrimage since the coronavirus pandemic began kicks off Wednesday, with hundreds of thousands of mostly mask less worshippers expected to circle Islam's holiest site in Saudi Arabia's Mecca.Saudi non-oil economy shows improvement in June: S&P Global
Saudi Arabia's non-oil economy has recorded a strong improvement in business conditions in June, according to the latest Purchasing Managers Index data report from S&P Global.Innovest of KSA exits Misk Tarout
The Saudi firm earned $8m in profit in the last three months.Mecca businesses see hajj boom ending pandemic slump
Two years of drastic restrictions on the number of pilgrims emptied shops and hotels across the Saudi Arabian city of Mecca.Saudi Arabia, UAE try to ease inflation pain of citizens
"A generous royal order was issued approving the allocation of financial support in the amount of SAR 20 billion (around $5.3 billion) to face the repercussions of rising prices globally," the official Saudi Press Agency highlighted. Roughly half that amount would come via direct cash transfers to social security beneficiaries.MENA gaming sector plays well with new technologies
The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading the growth closely followed by Egypt and Qatar.A million pilgrims arrive in Mecca for Hajj, first since pandemic
White-robed worshippers from across the world have packed the streets of Mecca as Islam's holiest city prepares to host the biggest hajj pilgrimage since the coronavirus pandemic.Digital payments scan success in UAE, but scams too
The rise of digital payments also increases the chances of payment frauds in the region, Damon Madden, Head of Business Development - Fraud at ACI Worldwide, tells TRENDS.France looks to invest in Saudi energy, technology sectors
France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French ambassador to the kingdom. Ludovic Pouille said at a press conference that the kingdom is an attractive region with a suitable environment for investments in all its vital sectors. The...Saudi and UAE stock markets end the week lower
The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment. Saudi Arabia's market index TASI finished down 1.7 percent at 11,523 points. Abu Dhabi Securities Exchange ended with a loss of 0.3 percent, on Friday the index in Dubai, fell...Saudi Arabia to build first carbon-free smart city
AlNama smart city being developed in Saudi Arabia will be a zero-carbon community, according to the Dubai's URB entrusted with the job of designing the city.OPEC meeting expected to stick to oil output boost
Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided output boost at their meeting on Thursday, despite pressure to further increase production. Russia's invasion of Ukraine has exacerbated concerns about oil supplies, sending prices to record highs this year.Arabian Plastic to list on Nomu
The company has won approval for an IPO of 1m shares.Stan Chart unveils API in KSA
The British company aims to ensure data security.Time to deliver decarbonization targets set last year
In the Middle East, the UAE and Saudi Arabia have been leading the decarbonization conversation with pivotal government initiatives that encourage businesses to reduce their carbon footprint. Now, 2022 and beyond will be about delivering on and monetizing those ambitions despite all the challenges, he adds.Saudi Arabia and Italy to deepen investment ties
Saudi Arabia and Italy will jointly explore investment opportunities in sectors as wide as finance, infrastructure and mobility, tourism and culture, and renewable energy.Metaverse: Opportunities, challenges and laws in GCC
TRENDS takes an in-depth look at how the regional govts are reshaping their policies to make the technological ecosystem more lucrative and useful for metaverse and blockchain.Easy Metaverse norms to keep region ahead
The Gulf countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only some regions, something that "undermines the idea of a single, cohesive region in this sector, he adds.Beside oil, pilgrims help KSA economy boost revenues
The Haj season enhances Saudi Arabia’s political and religious prestige while contributing to its annual revenue of around $8 billion and creating thousands of jobs.Saudi-Italian space agencies ink pact on cooperation
The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field of space for peaceful purposes

















































