Riyadh, Saudi Arabia -- Renowned luxury fashion designer Brunello Cucinelli shared his insights on building a global brand and the future of fashion with Saudi creatives and entrepreneurs during a special event hosted by the Cultural Development Fund (CDF) in AlUla.The event, held in collaboration with the Fashion Commission, brought...

UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss and degraded soils were reducing resilience to climate change and biodiversity loss.

The Middle East & North Africa (MENA) region ranks as the seventh-largest crypto market globally in 2024, with an estimated $338.7 billion in on-chain value received between July 2023 and June 2024, accounting for 7.5% of the world’s total transaction volume.Although the market is smaller compared to other regions, MENA...

Saudi Arabia announced new business regulations aimed at boosting transparency and easing the process of investing in the kingdom as it looks to attract more foreign capital to support economic diversification, Bloomberg reported.The updated investment law enhances investor rights by guaranteeing the rule of law, fair treatment and the freedom to transfer...

Saudi Crown Prince Mohammed bin Salman announced the Kingdom’s bid to host the 2034 FIFA World Cup. He said this bid reflects Saudi Arabia’s transformation and progress as part of the national transformation plan, Vision 2030, Asharq Al-Awsat reported today.The Crown Prince stated that the bid focuses on developing human...

New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million, India's Minister of State for External Affairs, Kirti Vardhan Singh, told Parliament yesterday.Indians are employed in a wide range of professions from highly qualified fintech, healthcare, information technology, engineering and...

History was made today when the International Olympic Committee (IOC) decided to create Olympic Esports Games. The first edition will be held in 2025 in the Kingdom of Saudi Arabia. The 142nd IOC Session in Paris endorsed the proposal by the IOC Executive Board (EB) unanimously. For the organisation of the Games, the...

A Trump Tower is coming to Saudi Arabia, a regional developer announced on Monday, Al Monitor reported.Dar Global and the Trump Organization said in a statement that they have plans to develop a new project in Jeddah that will target “the luxury Saudi Arabian market and international investors.” The firms said...

A punishing heat dome continues to intensify over the northeastern United States, scores of record-high temperatures were matched or broken Wednesday, including in Boston, Cleveland, Buffalo, and Caribou, near Maine’s northern tip. This long-lasting heat wave will continue to scorch the Midwest, Northeast, and Mid-Atlantic into the weekend, reported the...

At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop the sector in the Kingdom, Arab News reported.This undertaking will be supported by a deep tech venture capital fund that exceeds SR1 billion ($266 million) as part of a new National Semiconductor Hub.The...

US Secretary of State Antony Blinken called Monday for tighter defence integration among Gulf Arabs in response to Iran, part of efforts to encourage moderation by Israel by dangling the prospect of better ties with the region.Blinken was starting his seventh visit to the Middle East since the October 7...

Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced significant progress in attracting industrial and logistical investments for 2023 which hit SAR14.45 billion ($3.85 billion), according to Trade Arabia. Releasing its annual report for 2023, Modon highlighted the significant progress in attracting investments, developing industrial infrastructure, and promoting sustainable...

Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking a piece of a company that Madrid considers strategically important.Spanish state-owned holding company SEPI said in a filing with the stock market regulator late Monday that the move was "in...

Doha, Qatar - The president of Saudi Arabian football said Roberto Mancini's disappearing act before the end of the penalty shootout in the team's Asian Cup exit was "completely unacceptable".The Italian did not stick around to see South Korea's Hwang Hee-chan eliminate his Saudi side in the last 16 in Doha...

Turaif, Saudi Arabia - Hurra Al-Hurra Reserve is one of the first protected areas in Saudi Arabia, located in the Northern Border and Al-Jawf regions of the kingdom.It lies within the boundaries of the King Salman bin Abdulaziz Royal Reserve in the northwest of Saudi, covering an area of 13,775...

Dubai, UAE - An agreement to "transition away" from fossil fuels may be a landmark moment but don't expect quick changes among the major producers of the Gulf, where the deal was hammered out.After the UN's COP28 climate talks in Dubai, Saudi Energy Minister Prince Abdulaziz bin Salman immediately played down...

Istanbul, Turkey - Saudi and Turkish companies, part of the Saudi-Turkish Business Council, signed eight trade agreements to strengthen trade and investment between the two countries.The Federation of Saudi Chambers, Saudi General Authority of Foreign Trade, and Turkish Foreign Economic Relations Board co-organized the meet between the two.It discussed the...

Manchester, United Kingdom - Newcastle must overcome the might of Paris Saint-Germain and a mounting injury list if the Magpies' first foray into the Champions League for 20 years is not to come to a premature end on Tuesday.Damaging back-to-back defeats to Borussia Dortmund have left Eddie Howe's men sitting bottom...

The current output strategy by OPEC+ that saw nine members led by Riyadh to cut production in recent months to boost prices has failed to bring about lasting recovery. Some analysts have pointed to possible discord between top crude oil producers Saudi Arabia and Russia.

The suffering and death in Gaza has prompted growing calls for a halt in five weeks of fighting in order to protect civilian lives in the densely populated territory. French President Emmanuel Macron called on Israel to stop bombing civilians in Gaza, saying there was "no justification" and the deaths...

President Ebrahim Raisi has said Iran sees it as "its duty to support the resistance groups" but insisted that they act independently.

Dubai, UAE - Middle East powers should maintain their push to de-escalate the region through trade and economic ties despite the Israel-Hamas war, a senior United Arab Emirates official said on Saturday.The sudden flare-up in Gaza, after a deadly attack by Hamas, follows a period of fence-mending in the region including by...

Israeli strikes have now killed more than 6,500 people in Gaza, a rise of over 700 since Tuesday, according to the Hamas-run health ministry. One doctor said he was forced to perform emergency surgery on the wounded without anesthetic. Israel has cut off impoverished Gaza's usual water, food and other supplies,...

Eyes have been on Saudi clubs' transfer outlays which have rivaled those of the top European sides, but Turkish teams have been signing big names under the radar.

Sanaa, Yemen - Flooding and lightning strikes in Yemen have killed eight civilians, an official and a doctor told AFP on Saturday, underscoring the threat of extreme weather in the war-ravaged country.The lightning strikes occurred on Friday in the Al-Layha and Al-Zahra districts of Hodeida governorate on the Red Sea coast,...

London, United Kingdom - Liverpool boss Jurgen Klopp insists he is not worried about the potential for renewed Saudi Arabian interest in Mohamed Salah when the January transfer window opens.Salah was reportedly the subject of a £150 million ($185 million) bid from Saudi Pro League side Al-Ittihad before the Premier League...

The Houthis' visit, expected within the coming days, will raise hopes of a breakthrough in the quagmire conflict that has left hundreds of thousands dead through direct and indirect causes such as famine. It comes five months after Saudi officials held talks in Sanaa, and as a UN-brokered ceasefire continues...

London, United Kingdom - Demarai Gray has left Everton for Al-Ettifaq ahead of Thursday's transfer deadline in the Saudi Pro League.The 27-year-old forward is the latest Premier League player to head to the Gulf nation, joining former Liverpool midfielder Jordan Henderson at the club managed by Steven Gerrard.Gray's departure from Goodison...

The Saudi commercial real estate market is set for a significant upswing in 2023, propelled by the government's vision to diversify from oil. Investments are flooding into non-oil sectors, including tourism, manufacturing, and logistics. The rise of e-commerce demands more warehouses and distribution hubs. Additionally, a growing population predicts a...

SEOUL, SOUTH KOREA - Manchester City manager Pep Guardiola said on Saturday that the Saudi Pro League had "completely changed the market" and he expects more and more high-profile players to move there.City winger Riyad Mahrez this week became just the latest big name to move to Saudi football, following in...

LONDON, UK - Allan Saint-Maximin has confirmed he is to leave Newcastle before an expected move to the cash-rich Saudi Pro League.The French winger, heavily linked with a £30 million ($38.5 million) move to Al-Ahli, posted a farewell message on his Instagram account.In it he professes his love for the Premier...

London, United Kingdom - Manchester City forward Riyad Mahrez has left the treble winners to join Saudi side Al-Ahli, the two clubs announced on Friday.The 32-year-old Algerian winger joined Pep Guardiola's team in 2018 from Leicester, winning 11 major trophies at the club."The wait is over: Riyad is real," the Saudi...

The company logged a net profit of $4.4m.

Revenue accelerated 25 percent to US$877 million.

Osaka, Japan - Paris Saint-Germain have given Saudi club Al Hilal permission to speak to Kylian Mbappe after tabling a world record 300-million-euro ($333 million) bid, a source close to the negotiations told AFP on Monday.The Riyadh-based club has made a formal offer by letter, the source said, but such a...

Lucid Group to help make Aston Martin's luxury 'green' cars.

Saudi Aramco and France's TotalEnergies signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said. A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco's headquarters in Dhahran, in Saudi Arabia's Eastern Province.

Washington, USA -- The Saudi faculty member at Michigan State University Dr. Yasser Al-Dhamin, received a patent from the US Patent Office for an innovation that stimulates the functioning of immune cells within cancer blocks and increases the effectiveness of vaccines.In a statement to the Saudi Press Agency (SPA), Al-Dhamin...

Two astronauts, Barnawi and Ali Al-Qarni, said that they are fully prepared for their upcoming scientific mission to the International Space Station which is scheduled on May 21.

stc had in Jan signed sale and purchase pact with solutions.

Badr Al-Sharari had to train at least three times a week for nearly two years before finally being admitted into the Saudi Arabian Equestrian Federation.

Samer Haj-Yehia, the Arab-Israeli chairman of Bank Leumi since 2019, was addressing the Future Investment Initiative, a three-day conference held in the Saudi capital and often referred to as "Davos in the Desert".

Rising oil prices, which have proved to be a windfall for governments and companies in the upstream sector, has strengthened balance sheets of the region's banking sector.

The kingdom is the largest economy in the Middle East, making it a key market for any firm operating in the region.

Riyadh, Saudi Arabia - Saudi bank loans granted to public and private sectors grew 14 percent by the end of July to SAR 2.324 trillion ($620bn), compared to SAR 2.034 trillion ($540bn) a year earlier, according to data issued by the Saudi Central Bank (SAMA). Private-sector lending also increased by...

The Zakat, Tax and Customs Authority has called on taxpayers from the business sector subject to value added tax (VAT) to submit their tax declaration for July, no later than August 31. The Authority has urged business sector taxpayers to promptly submit their tax declaration in order to avoid a...

The Foreign Direct Investment (FDI) in Jordan amounted to $622 million in 2021, constituting 1.2 percent of the Arab region's total FDI. The Arab Investment and Export Credit Guarantee Corporation (Dhaman) issued data Tuesday which confirmed this. The Arab region's FDI in 2021 went up by 42 percent to $53...

Aid agencies and Western governments had urged the Yemeni government and Houthi rebels to extend the truce, which went into effect in April and significantly reduced the intensity of fighting in a conflict the UN says has triggered the world's worst humanitarian crisis.

Major French companies have expressed their interest in accessing the Saudi market and investing in the tourism and entertainment market at a time the kingdom’s focus on these sectors has become an important part of its transformative Vision 2030. These remarks were made at a meeting between the Federation of...

Harris, whose team includes Secretary of State Antony Blinken, Defense Secretary Lloyd Austin and CIA chief William Burns, is heading the strongest delegation to visit UAE since President Joe Biden took office last year.