Saudi has localized about 20% of its military spending
Saudi Arabia has localized 19.35% of its military spending, a significant increase from 4% in 2018, with plans to exceed 50% by 2030 according to Eng. Ahmed Al-Ohali, Governor of the General Authority for Military Industries (GAMI).
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Spike Lee to head Red Sea International Film Festival Jury
Spike Lee will preside over the jury of the fourth edition of Saudi Arabia‘s Red Sea Film Festival. -
Design revealed for 92,000-seat venue to be flagship of 2034 FIFA World Cup
Saudi Arabia unveiled plans on Tuesday for the King Salman International Stadium, a 92,000-seat venue designed to host the opening and final matches of the 2034 FIFA World Cup. Located in northern Riyadh, the stadium will be the largest in the country and is scheduled for completion in 2029. -
Misk Global Forum 2024 underway in Riyadh
The Misk Global Forum 2024 is taking place in the Mohammed Bin Salman Nonprofit City "Misk City," centered around the theme: "By Youth for Youth." -
Saudi FM participates in G20 Summit in Brazil
The G20 2024 summit is being held in Rio de Janeiro, Brazil on November 18 and 19 with a focus on the fight against hunger, poverty and inequality; sustainable development and reform for global governance.
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IMF and Saudi Arabia to hold annual conference on emerging markets
The Al-Ula Conference for Emerging Market Economies will convene a select group of emerging markets’ ministers of finance, central bank governors, and policymakers, as well as public and private sector leaders, international institutions, and academia. -
Saudi leads growing MENA cinema market
New Omdia analysis shows the MENA cinema market is poised for substantial revenue growth, projected to increase from $900 million in 2024 to $1.5 billion by 2029. The Kingdom of Saudi Arabia is expected to play a pivotal role, contributing nearly two-thirds of the region's cinema revenue by 2029. -
Saudi Arabia hosts Arab-Islamic summit in response to Israeli action in Gaza and Lebanon
Saudi Arabia has called for an Arab-Islamic summit to be held in Saudi Arabia on November 11, 2024. This urgent meeting is convened in response to the ongoing Israeli aggression on Palestinian and Lebanese territories. -
Riyadh slammed with visitors
Millions of students are currently enjoying a vacation at the end of the first semester, which runs through November 17. The holiday, which began on Thursday, has given a significant boost to the hotel business in Riyadh, where an annual entertainment and tourist festival is underway. -
