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  • Vision 2030: The Lynchpin Of Saudi Arabia’s Unprecedented Economic Transformation

    Although not formally part of Vision 2030, PIF’s globally renowned giga-projects have become closely associated with the programme. Some projects have commenced construction, including the Red Sea global tourism, the Qiddiya entertainment city and the Diriyah Gate heritage development initiatives. But the Kingdom’s most hotly discussed sustainability-based giga-project, Neom, has garnered the most global attention based on its unique design and sheer magnitude, alongside the distinctly light environmental footprint it seeks to cultivate with a new model of sustainable living.

  • LinkedIn research reveals UAE and Saudi Arabian job trends

    This inclination aligns with the UAE’s resilience in international hiring, showcasing a 0.3 per cent annual increase, which is a remarkable 30 per cent higher than the pre-pandemic levels of December 2019. As the new year begins, 62 per cent of professionals are actively seeking or planning to start looking for new job opportunities. Better salaries (42 per cent) and the desire for an improved work-life balance (33 per cent) stand out as the top two reasons motivating professionals to consider a career move.

  • Professional Fighters League takes first step into pay-per-view with Saudi Arabia card

    The PFL is headed to pay-per-view, with the MMA promotion running a Super Fight event Feb. 24 in Riyadh, Saudi Arabia . The Professional Fighters League first PPV will also showcase talent from the Bellator promotion, recently purchased by PFL and placed under its umbrella. The deal was aided in part by Saudi Arabia’s recent purchase into PFL. The purchase was relatively modest — $100 million according to the Financial Times — but even in a minority role, Saudi-backed SRJ Sports Investments ensured mixed-martial arts events will take place in that country.

  • Saudis could recognise Israel if Palestinian issue resolved – foreign minister

    Saudi Arabia's foreign minister said on Tuesday the kingdom could recognise Israel if a comprehensive agreement were reached that included statehood for the Palestinians, ambitious talk as the war between Israel and Hamas shows no sign of easing.
    "We agree that regional peace includes peace for Israel, but that could only happen through peace for the Palestinians through a Palestinian state," Prince Faisal bin Farhan told a panel at the World Economic Forum in Davos.

  • Saudi Arabia claim another epic win in Qatar — this time even crazier than their upset over Argentina

    Over a year after their stunning upset of Argentina at the 2022 FIFA World Cup, Saudi Arabia have returned to Qatar and pulled off another stunning come-from-behind 2-1 win in a tournament opener at the AFC Asian Cup. Only this time it was an even crazier result, if that was even possible.

  • Aramco Digital and Intel to create Saudi Arabia’s first Open RAN development centre

    Once built, the facility is expected to drive innovation, foster technological advancements and contribute to the digital transformation landscape in the country. Specifically, the partnership aims to accelerate the development and deployment of Open RAN technologies, helping to enable Saudi Arabia to build reliable and agile telecoms infrastructure that will accelerate digitisation across various industries.

  • Saudi Arabia has not yet joined BRICs – minister

    Saudi Arabia has not yet officially joined the BRICs bloc of developing countries, the kingdom's minister of commerce said in a panel at the World Economic Forum in Davos on Tuesday. "Saudi Arabia has been invited to attend BRICs, we have not yet officially joined BRICs," Majid Al-Kasabi said in a first comment from Saudi officials after the proposed joining date of Jan. 1 passed. The comment also clarified the kingdom's position after Saudi state TV reported earlier this month that the kingdom had joined the bloc, only to remove the reports from its social media accounts later.

  • Saudi Chemicals Giant Sabic Hires Aramco IPO Banker Mirza

    Sabic hired Sulaiman Mirza as a senior adviser, according to his LinkedIn profile, an indication the Saudi chemicals producer may be eyeing more deals.

    Saudi Basic Industries Corp., as the company is formally known, is a key part of the country’s strategy to funnel more oil into chemicals as it prepares for a future beyond crude sales. Sabic took part in one of the Middle East’s largest deals last year, divesting its Hadeed metals unit to focus on its core business.

  • Royal Road JV wins bid for Saudi exploration licence

    The JV was established on a 50/50 basis with Saudi investment holding company MSB for the purpose of copper and gold exploration in the kingdom. Royal Road is operator of the JV, which has submitted exploration licence applications over certain areas of interest.

  • Solar PPAs viable in Saudi Arabia at prices above $26.10/MWh

    Researchers at King Abdulaziz University have conducted a techno-economic analysis for utility-scale wind and solar plants in Saudi Arabia and have found that current tariffs make projects economically unviable. The scientists conducted their analysis with the System Advisor Model (SAM), which is a performance and financial model designed to estimate the cost of energy for grid-connected power projects. They also used a Support Vector Machine (SVM) algorithm based on machine learning to assess global horizontal irradiation (GHI), wind speed, as well as other weather parameters at different locations throughout the country.