Saudi Arabia hasn’t won the Asian Cup since 1996, but comes into the tournament having produced one of the biggest shocks in World Cup history when beating eventual champion Argentina in Qatar in 2022.
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Deputy Crown Prince Mohammed bin Salman Meets with President Obama, Receives Praise for “Vision 2030”
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman met with President Obama on Friday at the White House to discuss regional and economic issues with the President, Vice President and other members of Obama’s cabinet. The President “commended” Prince Mohammed’s “Vision 2030” plans to reform Saudi Arabia’s economy and society, according to a readout. “The […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman Receives Praise on Capitol Hill in Washington for Ambitious Economic Reforms
Deputy Crown Prince Mohammed bin Salman visited congressional leaders in Washington on Wednesday to discuss diplomatic and regional issues and talk about Saudi Arabia’s new economic reforms. Prince Mohammed met with Sen. Tom Cotton (R-Arkansas) along with the Senate Armed Services Committee, including Sen. John McCain (R-Arizona) and Sen. Lindsey Graham (R-South Carolina) as well as […]
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State Department Readout of Secretary Kerry’s Dinner with Deputy Crown Prince Mohammed bin Salman
Secretary Kerry hosted Deputy Crown Prince Mohammed bin Salman on June 13 for an iftar dinner in recognition of the Deputy Crown Prince’s visit to the United States. “The two reviewed the strong and enduring relationship between the United States and Saudi Arabia and discussed a broad range of regional issues, including Yemen, Syria, Libya, […]
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Deputy Crown Prince Mohammed Bin Salman Arrives in Washington to Busy Schedule
Deputy Crown Prince Mohammed bin Salman lands in Washington, D.C. today with a tightly packed agenda planned for his 4-day visit in the nation’s capital. The Deputy Crown Prince who is also Minister of Defense and head of the powerful Council on Economic and Development Affairs (CEDA) will meet with U.S. Secretary of State, John Kerry, […]
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Saudi Arabia Scales Back Renewable Energy Targets, Eyes Natural Gas to Fuel Economy
Saudi Arabia is seeking to scale back previous plans to develop large-scale renewable energy resources and is instead opting to rely more heavily on natural gas to meet demand, according to Bloomberg’s Anthony DiPaola and other reports. “We know that Saudi Arabia has been looking for natural gas supplies for a number of years now,” […]
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Internet Penetration in Saudi Arabia at 93%, Daily TV Viewership Down 16%
Internet penetration among Saudi nationals is “around 93 percent” but traditional TV viewership is down 16 percent, an indication of the continued rise of online media viewership and the rise of apps in Saudi Arabia, according to a report in the Saudi Gazette. “The increase in data use is also driven by the use of […]
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Report: $7.9 Billion Bid for KAFD by Saudi Arabia’s Public Investment Fund
Saudi Arabia’s Public Investment Fund (PIF) is reported to be prepared to make an offer for the King Abdullah Financial District (KAFD), situated between downtown Riyadh and the city’s King Khalid International Airport. The offer, reported by Bloomberg citing unnamed sources, is 30 billion riyals ($7.9 billion) — the amount already spent on KAFD by the Saudi Public […]
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Jadwa Investment: Recent Saudi Stock Market Changes ‘Pave the Way’ for Saudi Arabia’s Inclusion Into MSCI Emerging Market Index
The major announcements for Saudi Arabia’s economy and society in the last few weeks related to the release of its ‘Vision 2030’ strategy have given the Kingdom a roadmap and targeted benchmarks for achieving greater economic diversification and empowering Saudi Arabia’s youth. In addition to the ‘Vision 2030’ release and cabinet changes there was “an […]
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Report: Donald Trump Set Up Four Businesses Related to a Jeddah, Saudi Arabia Hotel Project While Campaigning for President in August 2015
Republican frontrunner Donald Trump set up four companies related to a possible hotel project in Jeddah, Saudi Arabia while campaigning for president in August 2015, according to a report by BuzzFeed news, citing the candidate’s latest financial disclosure filings released on Wednesday. According to the report, on August 21, 2015, Trump became president and owner of […]
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Secretary Kerry Meets with Saudi Leaders in Jeddah Ahead of Crucial Syria Talks
Secretary of State John Kerry travelled to Jeddah, Saudi Arabia to meet with Saudi Arabia’s King Salman and other Saudi officials ahead of critical talks on Syria, according to reports. The Secretary, who also met with Crown Prince Mohammed bin Naif and Foreign Minister Adel Al-Jubeir, “discussed a range of regional issues – Yemen, Libya, […]
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Nadal senses growth opportunity in Saudi, Swiatek on the fence
Rafa Nadal believes there is a big opportunity to grow tennis in Saudi Arabia after the 22-times Grand Slam champion was named an ambassador for the Saudi Tennis Federation, but Iga Swiatek is on the fence about the women's game potentially heading there.
Nadal's role will see the former world number one spend time each year in the desert kingdom to help train children and grow interest in the sport, with plans also in the pipeline for a training academy, the Saudi federation said.
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Saudi Inflation Hits Two-Year Low in December
Saudi Arabia’s inflation slowed to 1.5 percent in December 2023, compared to 1.7 percent in the previous month, official data showed. This places the Kingdom second among G20 nations for the lowest inflation rates, following the Netherlands at 1.2%.
According to the latest report from the General Authority for Statistics, the average inflation for all of 2023 was 2.3%, down from 2.5% in 2022. This falls below the Ministry of Finance’s prediction of 2.6% for 2023, as outlined in the 2024 budget statement. -
Saudi Arabia charts collaborative path at Davos in meeting with WEF Leaders
The Saudi delegation to Davos, led by Foreign Minister Prince Faisal bin Farhan, convened with World Economic Forum founder Klaus Schwab and its President Borge Brende during their participation in the forum’s 2024 edition. In the discussion, strategies were evaluated to bolster collaboration between the Kingdom and the World Economic Forum, addressing immediate and future challenges in economic and human development, the Saudi foreign ministry said. Throughout the week, the Kingdom's delegation is set to engage in a number of high-level sessions and bilateral meetings.
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Giga Projects will Continue to Aid Construction Market Growth in Q1 2024
Projects like the Neom and the Red Sea resorts will drive construction spending in the Kingdom over the next three to four years, thereby supporting the growth of the construction industry. As part of its 2030 ambitious plan, the Kingdom is also launching new airports as it seeks to transform itself into a global tourism destination. Overall, the publisher maintains a robust growth outlook for the Saudi Arabian construction industry over the next three to four years.
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Ronaldo and Neymar brought global attention to Saudi league. Now the focus turns to national team
“The Argentina win served as a motivation for us, it made us realize we can beat any team,” said Saleh Al Shehri, who scored in that famous 2-1 win. “Yes, the pressure on us increased, but any player who wears the colors of Saudi Arabia will do their best every time.”
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Residents in Saudi Arabia must now pay rent digitally via Mada or SADAD
Residential rent payments in Saudi Arabia must be made exclusively through digital channels, according to the Real Estate General Authority.The digital payment methods are Mada or SADAD, with the biller number 153.Electronic vouchers will gradually cease issuance for new residential contracts, as payments will be automatically settled when made through digital channels, eliminating the need for printed receipts.
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A pioneering Saudi insurer with a global dialogue focus
Tawuniya has been at the forefront of integrating artificial intelligence (AI) into operations, revolutionizing customer experiences, streamlining processes, and optimizing risk management, is reaffirming its commitment to shaping and adapting to the future with a strategy that is in line with emerging trends.
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Saudi Eurofighter Sale Could Reinforce Riyadh’s Air Defenses After Depleting Yemen Campaign
Germany’s recent decision to lift its years-long ban on a British sale of Eurofighter Typhoon fighter jets and supply IRIS-T medium-range air-to-air missiles to Saudi Arabia is undoubtedly welcomed by Riyadh.
Aside from bolstering the kingdom’s modern air force, the sale will reinforce Saudi capabilities against armed drones coming from Yemen. However, one shouldn’t expect Riyadh to engage in anything other than defensive actions against the Houthis there. -
Saudi Eurofighter Sale Could Reinforce Riyadh’s Air Defenses After Depleting Yemen Campaign
Germany’s recent decision to lift its years-long ban on a British sale of Eurofighter Typhoon fighter jets and supply IRIS-T medium-range air-to-air missiles to Saudi Arabia is undoubtedly welcomed by Riyadh.
Aside from bolstering the kingdom’s modern air force, the sale will reinforce Saudi capabilities against armed drones coming from Yemen. However, one shouldn’t expect Riyadh to engage in anything other than defensive actions against the Houthis there. -
Saudi Arabia’s Ministry of Media launches Horizon documentary on Netflix, about wildlife in the Kingdom
The film, the latest production of the Konoz Initiative, aims to raise awareness of Saudi Arabia’s species richness and biodiversity and its distinctive geographical areas, and highlights the leading efforts exerted by the Kingdom to protect wildlife, preserve rare species, and acquaint the world with its various rich resources. The documentary showcases Saudi Arabia’s picturesque nature, its diverse plant and animal life, and the abundant riches of its lands.
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