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  • Saudi Arabia poised to become clean netting jurisdiction

    Saudi Arabia is set to become the final G20 country to implement close-out netting legislation, with the Gulf state’s central bank having recently finalised new rules. The draft regulation on netting agreements and collateral arrangements sets out that netting is permitted once bankruptcy procedures have commenced and is broadly aligned with the International Swaps and Derivatives Association’s model netting law.

  • Flooded UAE counts cost of epic rainstorm, airport still facing disruptions

    Emergency workers tried to clear waterclogged roads and people assessed the damage to homes and businesses on Thursday after a rare and epic rainstorm swamped the United Arab Emirates.
    Dubai International Airport, a major travel hub, struggled to clear a backlog of flights and many roads were still flooded in the aftermath of Tuesday's deluge.
    The rains were the heaviest experienced by the Gulf state in the 75 years that records have been kept. They brought much of the country to a standstill and caused significant damage.

  • Israel will defend itself, Netanyahu says, as West calls for restraint

    Israel will make its own decisions about how to defend itself, Prime Minister Benjamin Netanyahu said on Wednesday, as Western countries pleaded for restraint in responding to a volley of attacks from Iran.
    The United States, European Union and G7 group of industrialised nations all announced plans to consider tighter sanctions on Iran, seen as aimed at mollifying Israel and persuading it to rein in its retaliation for the first ever direct Iranian strikes after decades of confrontation by proxy.

  • UAE cloud seeding did not take place during heavy rains, says NCM: Reports

    The UAE weather bureau has denied claims that its cloud seeding program was responsible for the recent heavy rainfall that caused widespread flooding in the country. The National Centre of Meteorology (NCM) confirmed on Wednesday that no cloud seeding missions were conducted during the torrential rain on Tuesday, according to local reports.

  • Saudi Arabia ramps up regional diplomacy to avert Iran-Israel war

    “We are already in an unstable region, and the humanitarian catastrophe in Gaza is already inflaming the region,” Prince Faisal told a press conference with his Pakistani counterpart in Islamabad. “We do not need more conflict in our region; we do not need more confrontation in our region, so it is our position that the de-escalation must be everybody’s priority.”  

  • Humans and their livestock have sheltered in this Saudi Arabian cave for 10,000 years

    A first-of-its-kind study in northwestern Saudi Arabia suggests that humans and their livestock have been using a cave for shelter sporadically for up to 10,000 years. The finding1 offers insight into the region’s history and ecology. In the past decade, satellite data and fossil finds have suggested that the Arabian Peninsula was not always an arid desert. Periods when the region contained lakes and lush greenery might have drawn people and animals there from Africa, according to the study’s authors.

  • Grab the popcorn: Cinema Nights is back

    Film enthusiasts, you’ll be happy to know the star-studded Red Sea International Film Festival has partnered with the Diriyah Biennale Foundation to bring the popular cinematic event to our capital’s doorstep –yes we’re talking about Saudi Cinema Nights. Inching its way towards becoming a hotspot for the film industry, with stunning locations like the Red Sea and UNESCO World Heritage sites like Turaif and Al Balad, it’s an obvious pick.

  • Saudi Arabia now hiring female domestic workers from 33 countries

    The number of countries from which female domestic workers can now be recruited in Saudi Arabia has surged to 33 after several countries have recently been added to the hire list in the kingdom, thus expanding options for employers.
    The latest additions included Ethiopia, Burundi, Sierra Leone, Tanzania and Gambia.

  • Saudi Arabia’s air transport sector sees 26 percent passenger growth, exceeding 112 million in 2023

    The air transport sector in Saudi Arabia achieved in 2023 remarkable growth, as announced by the General Authority of Civil Aviation (GACA). Passenger traffic reached a record-breaking 112 million, reflecting a significant 26 percent increase compared to 2022 and exceeding pre-pandemic levels (2019) by more than 8 percent. This robust performance underscores the successful recovery of the transportation sector from the impact of the COVID-19 pandemic.

  • Sand to Sky Episode 1: Inside the exciting future of Saudi Arabia’s Diriyah

    The first episode of Sand to Sky puts the spotlight on the City of Earth’s experiential development journey