Big money as Saudi Arabia makes foray into cricket with IPL auction
Crown Prince Mohammed bin Salman has backed extravagant sports investments -- set to culminate in Saudi Arabia hosting the football World Cup in 2034 -- to diversify its oil-rich economy.
Saudi Arabia and Tunisia sign energy agreement
The MoU encourages holding joint seminars and training courses on renewable energy, energy efficiency and conservation.Saudi sex harasser named and shamed under the new law
A Saudi has been named in a newspaper after his conviction for sexual harassment, in an apparent first under new laws tackling a subject that is often seen as taboo. A court in the Muslim holy city of Medina ordered the public identification of Yasser Muslim Al-Arawi, who was named...Mining third pillar of Saudi economy, ripe with opportunities: PIF governor
The mining sector is the third pillar of Saudi Arabia's economy and the kingdom has enormous natural resources and offers promising investment opportunities in the sector, said Governor of the Public Investment Fund Yasir bin Othman Al Rumayyan. Al Rumayyan said many of the future industries depend on the mining...Self-mobility a ‘promising business’: Ekar founder
Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.Saudi Arabia could be a regional mining center
The expert opinion comes as Riyadh hosts the International Mining Conference, the largest of its kind in the Middle East from January 11 to 13.Yemen pro-government troops capture oil-rich Shabwa
The pro-government Giants Brigade, who are backed by the Saudis and the United Arab Emirates, announced in a statement the "liberation of the district of Ain"Three-day international e-marketing, e-commerce exhibition begins in Riyadh
The President of the Saudi Post Corporation "Sabil" Anf bin Ahmed Abanmi, inaugurated on Monday the Saudi International Exhibition for Electronic Marketing and E-Commerce SIDMC 2022. The exhibition is held at the Riyadh International Convention and Exhibition Center, under the slogan "The Future of Trade Meeting”. A number of officials...UNWTO optimism to cheer up MENA tourism
While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia are using it to diversify their economy.Spotify, Anghami vie for local talent in MENA
Anghami is developing social features that will enhance the listening experience of friends and family members and create communities on the platform.AWPT wins $52.17m Makkah contract
The company will manage all components of Zamzam water well.Samba performance by scantily-clad dancers causes stir in Saudi Arabia
Authorities in Saudi Arabia were investigating on Sunday after a samba performance by dancers some considered too scantily clad for the kingdom, which has been diversifying its entertainment options. Over the past week videos on social media have shown three foreign samba dancers displaying their moves in a main street of Jazan,...Women’s camel beauty contest makes debut in Saudi
The event, part of the prestigious King Abdelaziz Festival, was previously a men-only affair. The top five in the women's event went home with total prize money of about $260,000.Saudi foreign currency reserves take a 2% dip in December
Foreign currency reserves of Saudi Arabia dipped nearly two percent in December, according to preliminary data shared by the Saudi Central Bank (SAMA).Saudi, UAE, US, UK welcome efforts to resolve Sudan crisis
Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States of America have welcomed the announcement that the UN Interim Transition Assistance Mission to Sudan is facilitating discussions to resolve Sudan’s political crisis. "We strongly support this UN-facilitated, Sudanese-led dialogue initiative. We urge all Sudanese political actors...Saudi Arabia unveils largest Motor festival in Middle East
The management of Autoville has officially started selling tickets for the events of this International festival through its official website.Saudi Arabia GDP to gain in 2022: Kuwait Financial Center
Government spending on infrastructure projects as part of the Vision 2030 program is expected to boost non-oil GDP growth.Saudi coalition accuses Yemen rebels of militarizing sea ports
The coalition said the rebels are using two Red Sea ports for military purposes, after the Huthis seized an Emirati-flagged vessel.Saudi drive to widen literacy rate pays off
Saudi Arabia's drive to increase literacy rate in the kingdom seems to be bearing fruit. According to the ministry of education the illiteracy rate has dropped from 5.6 percent in 2019 to 3.7 percent in 2021.Saudi index varies while UAE stock market starts low
A new year saw quite some ups and downs in the top stock markets in the region, even as the UAE markets adjusted to a Monday-to-Friday workweek.UAE works on Friday for first time
Some grumbled at the change and businesses were split, with many moving to the Western-style weekend but other private firms sticking with Fridays and Saturdays, as in other Gulf states.Saudi Arabia says Hezbollah threat to Arab security
The latest exchange of insults follows a crisis between Lebanon and Gulf Arab states over the war in Yemen.Major GCC countries see push for Arabic e-gaming
People are hungry to consume content that they can understand and more importantly relate to, says Eyad Basheer, chief operating officer of Tamatem.India aims at boosting honey exports to UAE, Saudi Arabia
India started its honey exports only in the fiscal year 1996-97, and is the world’s eighth-largest honey producer and ranks ninth among the honey exporting countries globally.Lebanon currency falls further as leadership placates Saudi Arabia
The midmarket rate for the Lebanese pound is around 1,500 to the dollar, but the reality on the ground is that the black-market rate of 30,000 prevails.Lebanon distances itself from Hezbollah remarks on Saudi Arabia
Prime Minister Najib Mikati has said the Hezbollah allegations do not reflect the official position of Lebanon.Saudi Arabia, Jordan talk bilateral, regional cooperation
Jordan and Saudi foreign ministers Monday held talks in Amman on increasing cooperation between Jordan and Saudi Arabia and coordination on regional crises. The meeting underscored the Jordan-Saudi "strategic" ties and emphasised the importance of the institutionalisation of bilateral cooperation on investment, development and environment.OPEC expected to maintain course to modestly open taps
Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far not heavily hit demand.The so-called OPEC+ grouping, including top producers Saudi Arabia and Russia, has withstood pressure to more widely open the taps though high energy...Yemen rebels seize UAE-flagged ship as war escalates anew
The Iran-backed Huthis released images of what they said were military jeeps and weapons on board the vessel, named Rwabee, which was captured in the Red Sea off the Yemen coast. The coalition branded the hijacking an act of piracy and threatened to seize the ship back by force. The...Turkey’s President Erdogan to visit Saudi Arabia in February
Turkey's President Recep Tayyip Erdogan on Monday said he will visit Saudi Arabia next month, the Turkish leader's first since the 2018 murder of Riyadh critic Jamal Khashoggi in Istanbul. Rocky relations between Turkey and Saudi Arabia worsened significantly after the brutal killing of Khashoggi inside the Saudi consulate in...Top Saudi Arabian companies pay stable to higher dividends in 2021
Saudi Arabia's 10 biggest companies witnessed the recovery of dividends paid out to investors in 2021, as the economy began to rebound from Covid-19 setbacks, although it remains to be seen how the Omicron variant will affect the gains. The 10 companies, valued at more than $2 trillion (SR 7.5...Factors that may impact oil’s demand-fueled recovery
At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab countries.GCC countries competing to lead the world in AI
Several countries in the region have already formed AI policies to support their national goals after this technology demonstrated its ability to serve in several areas.Qatar’s Nasser al-Attiyah wins first Dakar special
The 51-year-old, looking to win the race for the fourth time, finished the stage 12 minutes and seven seconds quicker than nine-time world rally champion Sebastien Loeb.NASA Arab scientist pleas for unity in space
Exploring space is no longer a luxury, it is humanity's future, says Tunisian astrophysicist and Nasa scientist Nour RaouafiUN asks Yemen govt to add new equipment to Sanaa airport
Flights into the rebel-held capital Sanaa have been largely halted by a blockade since August 2016, but there have been exemptions for aid flights. However, Sanaa airport was closed for several days in December after the Saudi-led coalition pounded it with airstrikes.Gulf markets end 2021 on positive note
The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year.Saudi central bank to use Bloomberg for repo operations from January
Bloomberg's Auction System is a part of Bloomberg's enterprise solution for central banks and government financial agencies.2021: Oil price hike rescues Covid-hit GCC economy
International oil prices surged by around 36.5 percent and reached a 7-year peak, exceeding US$ 82 a barrel at the end of November 2021, the highest since October 2014.Saudi boosts pandemic measures at Makkah’s Grand Mosque
Saudi Arabia on Thursday reimposed social distancing measures at the Grand Mosque in Makkah, after recording the highest number of infections in months. Workers have returned floor markings removed on October 17 to guide people to social distance in and around the Grand Mosque -- which is built around the...Saudi king asks Iran to end ‘negative behavior’ in the region
King Salman said, ‘We hope (Iran) changes its policy and negative behavior in the region, and it heads towards dialogue and cooperation. We are following with great concern the Iranian regime's destabilizing policy to security and safety in the region.’2021 recap: UAE startups lead MENA region
As the startup ecosystem takes off in the MENA region, TRENDS helps experts deliver valuable advice for entrepreneurs.Winners of King Faisal International Prize felicitated in Riyadh
The winners of King Faisal International Prize (KFIP) for the years 2020 and 2021 were honored at Prince Sultan Grand Hall in Al-Faisaliah Hotel in Riyadh on Tuesday. The prize is held under the patronage of King Salman, and Secretary-General of the KFIP, Abdulaziz Alsebail introduced the winners of the...US condemns Houthis’ attacks on Saudi, calls group a threat
The United States has condemned the Houthis' continuous attacks on the Kingdom of Saudi Arabia, stressing that the group is a threat to its allies. US State Department Spokesman Ned Price said in a virtual press conference that Saudi Arabia was able to eliminate about 90% of Houthi attacks, and...Saudi designates China’s NIPA as patent searching and examining authority
The Saudi Authority for Intellectual Property (SAIP) has designated the National Intellectual Property Administration of China (CNIPA) as International Searching Authority and International Preliminary Examining Authority under the Patent Cooperation Treaty (PCT), allowing international patent applicants in the kingdom to select CNIPA to issue international search reports for their applications....Saudi Fund invests in education, road projects in Lanka
The Saudi Fund for Development is investing USD60 million to develop the infrastructure of the transport sector to reduce death and injury rates resulting from traffic accidents.Saudi Arabia, UAE eye strong growth amidst challenges
London-based think-tank Cebr predicts the economic future of countries across the world and the outlook remains rosy for the Gulf region.UAE issues first civil marriage license for non-Muslim couple
The UAE issued its first civil marriage license for a non-Muslim couple, state media reported Monday, as the Gulf country seeks to keep its edge over regional competitors. The United Arab Emirates -- where foreigners make up 90 percent of the approximately 10-million population -- has been amending its laws...Ecommerce changes GCC buyers, sellers forever
As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts.Saudi Arabia Pavilion at Dubai Expo2020 records 2 million visitors
Fireworks and laser lights were launched to announce the new record as pavilion’s employees and public gathered in the ‘opportunities’ zone, with more visitors flocking in to celebrate the occasion.Saudi-led coalition intensifies anti-Huthi campaign, bombs camp
The Saudi-led coalition fighting in Yemen said Sunday it struck a Huthi rebel camp in the capital Sanaa, as it intensified an aerial bombing campaign against the Iran-backed insurgents. The coalition, which backs Yemen's internationally recognized government against the Huthis in a civil war, said it destroyed weapons storehouses in...



















































