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  • Saudi Arabia’s “pride” at hosting the FEI Dressage World Cup Final 2024

    The finals will be held in the Arabian Peninsular for the first time, and this is a golden opportunity for our sport to shine in what has become one of the world’s most ambitious major events markets. The Riyadh International Convention & Exhibition Center will welcome global stars such as Henrik von Eckermann and Isabell Werth as well as home favourite Abdullah Alsharbatly between today’s opening rounds in Dressage and Jumping and the medals being awarded on Friday and Saturday.

  • Russia told OPEC it would export less oil. It’s actually exporting more

    Bloomberg reports that outgoing Russian oil shipments hit nearly 4 million barrels a day this week. That would be the highest level since May of last year. Russia broadcast last month that it would soon be cutting exports by 121,000 barrels a day from the levels of last May and June, but so far this year exports are actually higher than that.

  • Mideast missile duels have cost US Navy nearly $1B, secretary says

    The U.S. Navy is nearly $1 billion in the hole after defending Israel from Iranian missiles last weekend and fighting off Houthi attacks on Red Sea shipping since October, the service’s secretary said Tuesday in a bid to convince House lawmakers to approve $95 billion in supplemental funding.

    “I would argue that the President's budget numbers are adequate, but that's also prior to the attacks that we've just had this weekend alone, for example. So we are now closely approaching $1 billion in expenditures for munitions that we need paid back by the supplemental,” Carlos Del Toro told senators during a Senate Appropriations subcommittee hearing.

  • Opinion: The Question Of Iran For Saudi Arabia

    GCC countries have long since learned to watch Iranian actions, not listen to its words, when judging its behavior. And Tehran’s actions in Syria, Lebanon, Iraq and particularly in Yemen, even after the reestablishment of diplomatic ties, have confirmed its malign intentions toward the Gulf. Ayatollahs Khomeini and Khamenei have often and directly criticized the governments of the GCC as being illegitimate, as do their proxies across the Arab world.

  • Heavy rain lashes in Eastern Province while near zero-visibility in Qassim and Riyadh

    Moderate to heavy rainfall, accompanied by high-speed winds, hailstones, and torrential rain, witnessed in many cities and governorates of the Eastern Province on Monday amid forecast of the possibility of extending rain depression, which struck parts of the Sultanate of Oman and the United Arab Emirates, to the region.

  • Top Saudi diplomat says Mideast can’t afford more conflict amid Iran-Israel tensions

    Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan said on Tuesday that the Middle East cannot afford further conflict, amid heightened tensions between Iran and Israel.

    Speaking at a press conference with his Pakistani counterpart during a visit to Islamabad, Prince Faisal urged all parties to prioritize de-escalation.

    Over the weekend, Iran launched hundreds of drones and missiles, including from its own territory, targeting Israel in retaliation for a deadly strike on Iran’s consulate in Damascus on April 1.

  • Riyadh eyes significant investment in Pakistan, Saudi FM says

    Saudi Arabia's foreign minister said on Tuesday that Riyadh will be "moving ahead significantly" to invest in projects in Pakistan, days after Islamabad announced that the Kingdom had pledged to expedite $5 billion in investment.
    Prince Faisal bin Farhan bin Abdullah arrived in Islamabad on Monday to lead a delegation on a two-day visit as part of efforts to boost economic cooperation.
    His Pakistani counterpart Ishaq Dar told a joint news conference that Pakistan gave extensive briefings to the delegation on potential investment projects.

  • Saudi’s Neom Hunts for More Cash for $1.5 Trillion Desert City

    Neom has appointed banks including HSBC Holdings Plc and the securities units of Al Rajhi Bank and Saudi National Bank to advise on the sale of Islamic bonds, or sukuk, the people said. The debt would be denominated in the local currency and could raise as much as 5 billion riyals ($1.3 billion), they said, asking not to be identified as the information is private.

  • Inaugural Esports World Cup in Saudi Arabia, worth more than $60M, hopes to send ‘positive message’ to struggling industry

    Boasting the largest prize pool in esports history, this year’s inaugural 2024 Esports World Cup (EWC) could prove to be a pivotal moment for the industry.

    Organized by the Esports World Cup Foundation – and with the latest details announced on Tuesday – the EWC will bring together gamers, publishers and fans from across the world under one roof for an eight-week competitive gaming bonanza in Riyadh, Saudi Arabia.

    The tournament will include top global clubs competing against each other across 19 esports titles, including Apex Legends, Counter-Strike 2, Dota 2, EA Sports FC 24, Fortnite, League of Legends, Rocket League, StarCraft II, Street Fighter 6 and TEKKEN 8.

  • China willing to work with Saudi Arabia to avoid further tension in Middle East

    China is willing to work together with Saudi Arabia to avoid further escalation of confrontation in the Middle East, Chinese Foreign Minister Wang Yi said to his Saudi counterpart over a phone call. China appreciates Saudi Arabia’s emphasis on resolving the issue of the attack on Iran’s embassy in Syria through diplomatic means, the official Xinhua said.