Riyadh, Saudi Arabia -- ROSHN Group has launched ALMANAR, its fifth integrated mixed-use community and its first venture in Makkah, the group said in a press release.The first phase of ALMANAR, the release said, will provide 4,149 residential units that will house over 17,000 people on a footprint of 2.5...

TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro League teams. Accompanied by their families, the players stayed in the resorts of this distinguished destination, indulging in its charming turquoise waters and vast desert dunes.They also engaged in various...

Riyadh, Saudi Arabia - Saudi Arabia's tourism sector contributed to a record-breaking $36 (SR135 billion) in spending by international visitors. The surge, reported by the Saudi Central Bank (SAMA), represents a substantial 42.8 percent increase from the previous year.The Kingdom's remarkable performance in tourism was further highlighted by its leading...

RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) issued on Friday the Foreign Direct Investment (FDI) statistics for Q4 of 2023, which show that the net flow of FDI in the Kingdom amounted to over US$3.4 billion (SAR13 billion), an increase of 16 percent or US$2.9 billion (SAR11...

JEDDAH, SAUDI ARABIA – The Ministry of Culture, represented by the Jeddah Historic District Program, has announced the completion of work in the project to restore ramshackle buildings in the district under the generous donation of US$13 million (SAR50 million) from the Kingdom's Crown Prince Mohammed bin Salman.The project came...

Despite qualifying for the Champions League for the first time in 20 years, Newcastle still had to tread a fine line to avoid exceeding PSR after spending more than £250 million ($315 million) in the first three transfer windows under the new ownership.

Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports and enhance local capabilities.

Flights to Al Jouf Airport and Red Sea Airport to start from April 18.

Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is visibly failing on most fronts. adding that this is "hardly the future picture some have been painting." Fossil fuels accounted for 82% of global consumption last year.

Riyadh, Saudi Arabia - Saudi Arabia is considering transferring ownership of its national carrier, Saudia, to the sovereign wealth fund, the Public Investment Fund (PIF). Reports said that this transfer would encompass other assets under Saudia's umbrella, such as its low-cost unit, Flyadeal.Bloomberg initially reported the discussions regarding PIF's potential...

Dubai, UAE - As China's outbound tourism steadily rebounds from the pandemic's impact, the Middle East is emerging as a preferred destination for Chinese travelers, alongside traditional hotspots like Thailand and Malaysia.Data from online travel agencies including Ctrip, Tongcheng, Tuniu, Mafengwo, and Zuzuche indicates a significant rise in Chinese tourists...

ALULA, SAUDI ARABIA – The Royal Commission for AlUla (RCU) has marked a significant milestone in the development of the Sharaan Resort with the inaugural rock excavation for the much-anticipated project. The initial excavation symbolizes the start of a mission that combines Jean Nouvel’s architectural innovation with Bouygues' engineering expertise.This milestone...

ALULA, SAUDI ARABIA – Situated in the heart of Old Town here, Dar Tantora Hotel offers guests a chance to step back in time. Housed in beautifully restored mudbrick buildings, the hotel is imbued with the region's rich history and culture.The Old Town, with its origins going back over 700...

As the only  bidder, Saudi Arabia was anointed host of the 2034 World Cup last October by FIFA. Infrastructure is the initial concern for the oil-rich kingdom, which is snapping up high-profile sports events in an attempt to sweep away its conservative image and entice foreign investment.

AL-DHAHRAN, SAUDI ARABIA – Aramco President and CEO Amin Nasser outlined the potential for stronger collaboration with Chinese partners in his speech on Monday at the China Development Forum in Beijing.Nasser underscored the possibility of fostering broader economic globalization by strengthening ties with Chinese partners and identified specific areas for...

The two firms will explore opportunities in various areas.

Manama, Bahrain--Saudi Arabia and Bahrain have signed a memorandum of understanding to boost road safety and maintenance in the two kingdoms.The agreement was signed in a meeting between Ibrahim bin Hassan Al Hawaj, Minister of Works, and Saleh bin Nasser Al Jasser, Minister of Transport and Logistics of the Kingdom...

In February 2024, Saudi Arabia's poultry industry reached a milestone by producing 100 million kilograms of poultry, thereby setting new benchmarks in the global market.

RIYADH, SAUDI ARABIA – The Board of Directors of the Qiddiya Investment Company (QIC) revealed on Sunday the launch of Dragon Ball theme park.The park will set new standards in the entertainment industry, offering anime fans, families.  Nestled within Qiddiya City, just 40 minutes from Riyadh, this never-seen-before anime theme...

The company narrowed losses to $367 million in Q4.

Madrid-based Halo Space Company has selected Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per person for a unique stratospheric Earth view.

India is poised to revolutionize its energy landscape by linking its power grid with Saudi Arabia and the UAE via undersea cables.

The Group's profit increased by 68% YoY to $13.52 million.

Riyadh, Saudi Arabia - Saudi Arabia's aviation sector soared to new heights in 2023, with a significant increase in both flight numbers and passenger traffic, according to a report by the General Authority of Civil Aviation (GACA).In a statement released by GACA, it was revealed that the Kingdom experienced a...

After talks in Saudi Arabia and Egypt, Blinken flies to Israel on Friday, his sixth trip to the region since the war began with Hamas's attack on Israel on October 7. Israel said its spy chief would also head back to Qatar on Friday for more truce talks with US,...

Riyadh, Saudi Arabia - Saudi Arabian consumers spent a total of SR11.68 billion ($3.12 billion) through point-of-sale transactions during the initial week of Ramadan, spanning from March 10 to March 16. The data, disclosed by the Saudi Central Bank (SAMA), outlines a total of 168 million transactions during this period.Expenditures...

Neom, Saudi Arabia - NEOM, Saudi Arabia’s futuristic mega city will now have a premier resort where the spectacular desert landscape meets the sea, according to a press release from NEOM. Boasting an audacious design with minimal land intervention, Treyam offers guests an elevated haven to unwind, re-energize, and enjoy majestic...

Riyadh, Saudi Arabia--The Saudi Industrial Production Index (IPI) recorded 103.3 points in January 2024, compared to 103 points in December 2023, marking a monthly growth of 0.3%, according to data from the General Authority for Statistics (GASTAT).The sub-index for mining and quarrying activity, which accounts for 61.4% of the index...

"Of course, we stand with Israel and its right to defend itself... but at the same time, it's imperative that the civilians who are in harm's way and who are suffering so terribly -– that we focus on them, that we make them a priority, protecting the civilians, getting them...

The funds, according to the King Salman Humanitarian Aid and Relief Centre (KSrelief), would support UNRWA's "humanitarian relief efforts in the Gaza Strip", where the Israel's war has raged for more than five months. The funding will provide food for more than 250,000 people and tents for 20,000 families.

Blinken is due to travel on to Egypt, which neighbors Gaza and whose envoys have been involved in previous mediation efforts. In Jeddah and Cairo, Blinken will discuss efforts to reach an "immediate ceasefire agreement that secures the release of all remaining hostages", State Department spokesperson Matthew Miller said.

AlUla, Saudi Arabia - Date palm cultivation in AlUla governorate has witnessed a significant increase in productivity this year, with production surpassing 90,000 tons of dates annually. The governorate boasts more than 2 million date palm trees, and the Royal Commission for AlUla (RCU) is actively engaged in expanding the tree...

ACWA was the sole financial advisor to Al Dur Phase II IWPP project company.

Riyadh, Saudi Arabia -- The Saudi EXIM Bank has given credit facilities amounting to SAR16.5 billion ($4.455 billion), surpassing the planned target of SAR12.4 billion ($3.348 billion) by 33%. They represented 5.2% of the total credit facilities for non-oil exports in the Kingdom.Saudi EXIM Bank disbursed a total of SAR7...

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday. "In the real world, the current transition strategy is visibly failing on most fronts," Saudi Aramco Chief Executive Amin Nasser said...

The firm said the total dividend for 2023 will be S120 million.

RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in Dammam, connecting the Kingdom to Southeast Asia and India, Saudi Ports Authority (Mawani) announced.This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector,...

Riyadh, Saudi Arabia - The capital city of Riyadh is abuzz with excitement as preparations are underway for the premiere performance of the highly anticipated opera, "Zarqa Al-Yamama." Scheduled to debut on April 25 at the prestigious theater of the King Fahd Cultural Center, the opera is poised to make...

DAMMAM, SAUDI ARABIA – With the increase in passenger traffic during Ramadan, the General Directorate of Passports is ramping up efforts to handle the increased number of arrivals at King Fahd Causeway and King Fahd International Airport here.The directorate's officers in Dammam are utilizing modern technology to expedite procedures and...

The company's Board announces a dividend of $11.79 million.

The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming. say a latest IEA report.

RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC 2024, Toronto, Canada under the umbrella of "Invest Saudi".The Saudi delegation was represented at the World’s Premier Mineral Exploration & Mining Convention by the CEO of the Saudi Geological Survey,...

Riyadh, Saudi Arabia - The international credit rating agency S&P Global Rating affirmed its foreign and local currency sovereign credit ratings of Saudi Arabia at 'A/A-1' with stable outlook. The agency indicated in its report that this rating affirmation is a result of the continuation of the Kingdom's economic and...

Riyadh, Saudi Arabia - Saudi Arabia faces substantial annual losses in its agricultural sector, including 234,000 tons of tomatoes and 201,000 tons of potatoes, along with notable quantities of onions, cucumbers, and zucchinis, Saudi Ministry of Environment, Water, and Agriculture revealed on Friday.Highlighting the critical importance of conserving food resources,...

RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of the country's real GDP in 2023 – the highest level on record, according to an analysis of the General Authority for Statistics data by the Ministry of Economy and Planning.This...

Diriyah, Saudi Arabia -  Saudi Arabia, has revealed plans for "The Arena in Diriyah," a monumental 76,000-square-meter lifestyle facility set to redefine the region's cultural and entertainment landscape. Designed by London-based HKS Architects as part of a $63.2 billion masterplan, the arena aims to become the Middle East's premier venue destination,...

RIYADH, SAUDI ARABIA –   Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General Authority for Statistics (GASTAT). The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier. Inflation is measured...

Arar, Saudi Arabia -- In a unique and creative initiative, families in Saudi Arabia's Northern Borders Region are using henna body paint to encourage children to fast during Ramadan.The practice involves drawing intricate henna patterns on the hands of young girls, often featuring symbols related to Ramadan and fasting. These designs...

Riyadh, Saudi Arabia -- Saudi Arabia witnessed a surge in commercial registrations across various business sectors in the last quarter of 2023, with land transport of goods leading the way, the Kingdom's Ministry of Commerce said Wednesday.Land transport of goods witnessing a remarkable increase. By the end of Q4 2023,...

The insurance provider had suffered a loss of $18.15m in 2022.