Saudi Arabia, home to the holiest sites in Islam, has never recognised Israel, though officials were considering doing so before the Hamas' October 7 attack. Israeli ground offensive has killed at least 27,840 people, mostly women and children, according to the Gaza health ministry.

Riyadh, Saudi Arabia — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan received Philippe Lazzarini, commissioner general of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), and his accompanying delegation at the ministry’s headquarters in Riyadh on Thursday.During the meeting, they reviewed...

The pacts were signed at the PIF’s Private Sector Forum.

Riyadh, Saudi Arabia - Saudi Arabia on Tuesday explicitly conveyed to the United States its stance on diplomatic relations with Israel, making it clear that such ties will not be established without significant progress on the Palestinian issue. The Kingdom insists on the recognition of an independent Palestinian state within...

Riyadh, Saudi Arabia - Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for the end of the decade, an official said on Tuesday.The announcement came less than five years after the Gulf kingdom fully opened up to tourism and as fears persist that...

RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected Russia’s S-350 and S-400 air defense systems at the World Defense Show, a TASS correspondent reports.The commander visited the stands of Russian companies, paying special attention to the S-350 and...

Riyadh, Saudi Arabia - Novak Djokovic and Rafael Nadal will headline a new exhibition tournament in Saudi Arabia, organizers said.The Serb and the Spaniard, with 46 major titles between them, will be joined by Wimbledon champion Carlos Alcaraz and Australian Open winner Jannik Sinner at the 6 Kings Slam.World number three...

Riyadh, Saudi Arabia - Saudi Arabia and Swiss Fund have decided to initiate financing initiatives in the debt market in a move towards bolstering investments in zero-emissions projects. Saudi Minister of Investment, Eng. Khalid Al-Falih, announced the collaboration during a Saudi-Swiss round table meeting in Riyadh on Monday. The strategic...

Moscow, Russia -- China, India, Iran, the United Arab Emirates (UAE) and Saudi Arabia will become prior countries for Russia in development of inbound tourism in 2024, according to the concept for promoting Russia’s tourism potential on foreign markets presented by Director General of the Center for Strategic Research Pavel...

Five listings, mainly in the energy and logistics sectors, contributed 58 percent towards the total IPO proceeds raised, said the EY MENA IPO Eye Q4 2023 report. During Q4 2023, 19 IPOs raised $4.9 billion in proceeds. ADES Holding Company raised the most funds.

The Gaza health ministry said that at least 127 people were killed in Israeli strikes in the previous 24 hours in the territory. A kindergarten where families were sheltering was hit in Rafah, which is teeming with Palestinians displaced by the war, ahead of another visit to the region by...

Devoteam Middle East is a subsidiary of Devoteam Group.

The net profit for the fourth quarter increased by 28 percent.

Riyadh, Saudi Arabia - Saudi Arabia has revised the regulations of its Privatization Law, setting the minimum limit for a public-private partnership project at $54 million (SR 200 million). The amended executive regulations, published in the official gazette Umm Al-Qura, outline that the minimum value for the transfer of asset...

Abu Dhabi, United Arab Emirates--Tunisian tennis star Ons Jabeur on Saturday threw her support behind the potential staging of the WTA Finals in Saudi Arabia, urging critics to be "more informed" on the Kingdom's interest in the sport.Jabeur, a three-time Grand Slam finalist and former world number two, said she was...

SSG includes a number of high-powered sports owners including the Fenway Sports Group, owners of English Premier League club Liverpool, MLB's Boston Red Sox and the NHL's Pittsburgh Penguins. The deal would see players collectively access more than $1.5 billion in grants that vest over time with SSG investing an initial...

Strategic initiatives and a focus on domestic tourism help Saudi Arabia's tourism sector experience unprecedented growth, positioning it as a future global travel leader.

Riyadh, Saudi Arabia - The Saudi Central Bank Governor (SAMA) Ayman Al-Sayari discussed the recent developments in central banking and the outlook for the global economy in a meeting with President of the European Central Bank (ECB) Christine Lagarde at SAMA’s headquarters in Riyadh on Thursday. Several events were organized...

Riyadh, Saudi Arabia - The International Monetary Fund (IMF) has revised its growth projections for Saudi Arabia's economy, revealing a more optimistic outlook. The latest forecast anticipates a 5.5% growth rate for the Kingdom in 2025, representing an increase from the initial projection of 4.5% made in October 2023.The upgraded...

Riyadh, Saudi Arabia - Saudi Arabia has embarked on a program to equip Saudi exporters with the necessary information on procedures, requirements, targeted markets, and available opportunities for exporting products globally. General Authority for Foreign Trade, through its Agency for Private Sector Affairs and International Representation, has launched a series...

Otavio drilled in the opener as Miami lost the ball trying to play out from the back, bringing Ronaldo to his feet to applaud from the stands. A sliding Talisca turned in Al Nassr's second as the visitors again paid the price for conceding possession near their own box.

Riyadh, Saudi Arabia — Saudi Crown Prince Mohammed bin Salman on Thursday launched a new company called Alat geared to make Saudi Arabia a global hub for electronics and advanced industries. The new company aims to create 39,000 direct jobs and achieve a direct non-oil GDP contribution of $9.3 billion...

Abu Dhabi, UAE--Despite geopolitical uncertainties and potential economic headwinds, S&P Global expects GCC banks to maintain their well-capitalised, profitable, and liquid status.S&P Global‘s ‘GCC Banking Sector Outlook 2024’ reveals a challenging yet optimistic perspective. The ratings agency anticipates overall stability in key metrics for GCC banks in 2024. Credit growth...

Riyadh, Saudi Arabia -- Saudi Arabia remains undecided on accepting the BRICS bloc's invitation to join, despite initial claims of its accession. South Africa's Foreign Minister Naledi Pandor's recently asserted the kingdom's membership, but a Saudi official told Reuters that the Kingdom has not yet responded to the invitation to...

In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more than five million barrels per day (bpd) since the end of 2022. Oil prices were up slightly on Thursday and hovering around $80 per barrel.

Riyadh, Saudi Arabia -- Foreign Direct Investment inflows into Saudi Arabia hit SAR 17 billion in the third quarter of 2023, a decrease of 14.4 percent compared to the second quarter, the Kingdom's General Authority for Statistics (GASTAT) said.The total FDI outflows reached SAR 5 billion, a decrease of 22.5...

Riyadh, Saudi Arabia — Average life expectancy in Saudi Arabia reached 77.6 years compared to 74 years in 2016, the Health Sector Transformation Program (HSTP), a component of the Vision 2030 initiative, has revealed. The program attributes the remarkable progress to a series of strategic efforts, notably the incorporation of...

Riyadh, Saudi Arabia - The World Health Organization (WHO) has recognized the Saudi Food and Drug Authority (SFDA) for its efforts in ensuring that food products in Saudi Arabia are free from industrially produced trans-fatty acids (ITFA) or artificial trans fats. This places Saudi Arabia among the top five countries...

Crown Prince Mohammed bin Salman, the 38-year-old de facto ruler of Saudi Arabia, greeted Sheikh Meshal at the airport in Riyadh as trumpets played, 21 rounds were fired and the Saudi Falcons, the air force's aerobatics team, put on an air show, the official Saudi Press Agency reported.

The 2024 outlook for the MENA region's project market is exceptional, with an anticipated surpassing of $270 billion in value, according to a latest report.

"These are all campaigns into which I have poured my heart and soul. True empowerment, the kind I want for my daughter, involves the opportunity and tools to make your own choices," adds Al-Saud, Ambassador of the Kingdom of Saudi Arabia to the United States of America.

Tuesday's announcement was not expected to have an immediate effect on production or exports. After a series of oil supply cuts dating back to October 2022, Saudi Arabia's daily output stands at approximately nine million bpd, far below its capacity of 12 million bpd.

Washington D.C., US--– Saudi Arabia's ambassador to the US, Reema Bandar Al-Saud, has expressed disappointment with recent media criticism of the kingdom's hosting of the Women's Tennis Association Finals and broader issues concerning women's rights in Saudi Arabia. In response to an opinion piece published by The Washington Post, she...

Riyadh, Saudi Arabia - Saudi Arabia on Monday launched "Youth Development Strategy" to help its youth to play a critical role in the national economy, who, according to the kingdom's Minister of Human Resources and Social Development, Eng. Ahmed Al-Rajhi, constitute 44% of the population and 78% of the workforce...

GFP secures nearly $60 million in equity financing to expand its network.

Nearly half of the newly elected board members were women, a first in the 21-year history of this prominent media professionals' body. This milestone coincided with the election of Faisal J. Abbas, a visionary in the field, as Deputy Chairman of the Saudi Journalists Association. This election is a step...

Riyadh, Saudi Arabia - The CEO of the Royal Commission for AlUla, Eng. Amr Al-Madani, has been arrested on charges of misusing authority and money laundering involving SR206 million ($55 milion). The Oversight and Anti-Corruption Authority (Nazaha) reported the arrest, stating that Al-Madani's partners in a company were also apprehended.Allegations...

The aim is to develop technologies for clean energy.

Riyadh, Saudi Arabia -- Saudi Arabia's national tourism brand, "Saudi Welcome To Arabia," has launched a new global marketing campaign featuring football legend Lionel Messi. The campaign, called "Go Beyond What You Think," aims to address misconceptions about Saudi Arabia and encourage people to experience the country's cultural transformation.The campaign...

Riyadh, Saudi Arabia - Red Sea Global, a company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia, has unveiled a state-of-the-art robot designed specifically for beach cleanup in Red Sea and Amaala destinations. The electric-powered robot is engineered to enhance the visual appeal of the sandy shores while...

Riyadh, Saudi Arabia - Saudi Arabia Railways (SAR) and the Italian Arsenale Group have officially inked an agreement to introduce the "Dream of the Desert" luxury train service in Saudi Arabia. The momentous deal was signed by Dr Bashar Al-Malik, CEO of SAR, and Paolo Barletta, CEO of the board...

RIYADH, SAUDI ARABIA - The Ministry of Environment, Water and Agriculture witnessed the signing of a memorandum of understanding (MoU) between Al Jouf Agricultural Development Company (JADCO) and E Green Global (EGG) of the Republic of Korea.The agreement involves the transfer and localization of potato seed production techniques in the...

Riyadh, Saudi Arabia - Patricia Scotland, the Secretary-General of the Commonwealth of Nations, has named Saudi Professor Manahel Thabet as the special envoy for science and technology. The appointment highlights Thabet's notable expertise and significant contributions to the fields of science and technology.The Commonwealth, an organization comprising 56 nations and...

The knockout phase begins on Sunday when Australia play Indonesia, followed the same day by the United Arab Emirates against tournament debutants Tajikistan. At 146 in the world, Indonesia are the lowest-ranked team left in the tournament and squeezed through with one win and two defeats from their three group...

Riyadh, Saudi Arabia - Riyadh Season 2023 is poised to surpass the record set in 2021, with over 15 million visitors already attending the various activities, according to Turki Al-Sheikh, the chairman of the board of directors of the Saudi General Entertainment Authority (GEA).The accomplishment was announced on Wednesday, highlighting...

GFH Financial Group has made significant investments in healthcare, education, logistics, and private lending in Saudi Arabia and the UAE, its CEO tells TRENDS in Davos.

The 2024 outlook for GCC IPO markets shows strong potential with diversified sector participation, bolstered by government support for both state-owned and private offerings.

NEOM, SAUDI ARABIA - NEOM's Board of Directors has announced the launch of Zardun - an exclusive resort and natural reserve that will contribute to the restoration and revitalization of the surrounding environment.This will help in supporting NEOM's efforts to develop luxury ecotourism in the Kingdom. Zardun is NEOM's newest...

Riyadh, Saudi Arabia -- Deals worth more than $26 billion were signed at the Real Estate Future Forum 2024, which ended Wednesday.Over 50 agreements and memoranda of understanding (MoUs) were signed during the event that focused on discussing new innovations, key challenges, emerging trends, and sustainable financing solutions in the...

Doha, Qatar - Roberto Mancini said on Wednesday that Saudi Arabia fear no team at the Asian Cup and will not try to duck out of a potential last-16 clash with South Korea.The Saudis have already qualified for the knockout rounds after two wins in Qatar and will top Group F...