The kingdom hopes that its regulatory incentives and strategic location would help it compete with the UAE, whose tax-free zones such as Jebel Ali have made it a regional hub for multinational corporations.

In his first comments on the matter to be made public since the deal was struck, Xi said the dialogue promoted by China would "play a major role in strengthening regional unity and cooperation". Crown Prince Mohammed on Tuesday "expressed the Kingdom's appreciation for the Chinese initiative to support efforts...

This week's Saudi Tour is the first of three stage races in the Arabian Peninsula in February, with competitions also scheduled in Oman and UAE. Organizers of the tour said they are planning to create a women's Saudi Tour, with the UAE Tour offering one this year.

About $30 billion in agreements will be signed on Thursday, Saudi state media said, as China seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.

Saudi Arabia has for years sought to quell speculation over the health of the 86-year-old king, who has ruled the world's top oil exporter since 2015. King Salman has been hospitalised twice this year, most recently a one-week stay in May that involved tests including a colonoscopy, according to state...

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.