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  • Esports & Gaming to Contribute SAR 50 Billion to Saudi Economy by 2030

    The report, titled ‘Centre of the Game: KSA Emerges as a Significant Player in the Global Esports Market’, highlights the Kingdom's efforts to position itself as a hub for esports by developing an entire value chain to sustain the market. For example, Qiddiya, the entertainment and tourism megaproject in Riyadh, has unveiled plans to create the world’s first gaming and esports district.

  • Which transfer windows are still open after the Premier League deadline?

    Saudi Arabia emerged as an option for any Premier League club looking to shift players last summer. While clubs from the Gulf nation have been less active in the window this summer, there is still the potential for players from across Europe to move there, such as Moussa Diaby, who left Aston Villa to join Karim Benzema at Al Ittihad in the Saudi Pro League.

  • Saudi civil defense issues safety warnings as heavy rain sweeps the Kingdom

    The Saudi Ministry of Environment, Water and Agriculture reported significant rainfall in eight regions of Saudi Arabia, with the National Center for Meteorology registering the highest amount in the Madinah region at 37.4 millimeters. The rainfall occurred between 9 a.m. on Friday and 9 a.m. on Saturday, affecting areas including Makkah, Madinah, Qassim, Aseer, Tabuk, Jazan, Najran and Al-Baha. The airport in Madinah received 35.2 millimeters of rain, while 27.6 millimeters fell in Haram. In Makkah, Yalamlam and Al-Leith recorded 17.4 millimeters, with 8 millimeters in Al-Leith Dam.

  • Saudi merchandise imports down 5% to SAR 57.7B in June

    Saudi Arabia’s merchandise imports decreased 5% year-on-year (YoY) to almost SAR 57.7 billion in June 2024, according to data issued by the General Authority for Statistics (GASTAT).

  • Saudi Arabia’s GOSI extends fine exemption for businesses

    Launched by GOSI in March, the initiative aims to help establishments mitigate the financial impacts of fines, correct their insurance status, and settle debts, the Saudi Press Agency reported on Saturday. It is part of GOSI’s efforts to support the business sector, encourage insurance compliance, and improve customer satisfaction. With a 100 percent exemption rate, subscription amounts due to GOSI must be paid through Taminaty Business.

  • Saudi Arabia to Embark on Exceptional Visit to East Asia, Seeks Automotive Technology Localization

    Saudi Arabia is currently preparing for a high-profile economic visit to East Asia, under the leadership of Minister of Industry and Mineral Resources, Bandar AlKhorayef, from Sep. 1 to 8, 2024, reported the Saudi Press Agency (SPA).

  • Saudi Arabia seeks Chinese tech as it reinvents itself as car and automation hub

    Key meetings in Guangzhou, capital of the southern Chinese province of Guangdong, will include discussions with GAC Group, a major electric vehicle (EV) maker, as well as lithium battery producer General Lithium and communication tech giant Huawei, the statement said.

  • Coco Gauff praises WTA Finals in Riyadh, hopes to inspire Saudi’s next generation of tennis stars

    Women’s tennis has found a promising advocate in American tennis star Coco Gauff, who has expressed her support for the sport’s expansion into Saudi Arabia. The 19-year-old, fresh off her triumph at the US Open, is emerging as an inspiration for young athletes, both on and off the court. While some players have been hesitant about the WTA Finals taking place in Riyadh, Gauff’s perspective is refreshingly different. Gauff, currently ranked No. 3 in the world, is on a mission to defend her Flushing Meadows title, aiming to be the first to do so since Serena Williams in 2014.

  • SDAIA amends regulation for transferring personal data to outside Saudi Arabia

    The Saudi Data and Artificial Intelligence Authority (SDAIA) announced that amendments have been made to the regulation for transferring personal data to outside the Kingdom. This is aimed at clarifying the detailed provisions and procedures related to transferring personal data to outside the Kingdom in a way that ensures the availability of an appropriate level of protection for personal data and the privacy of its owners in other countries. This is in view of the fact that SDAIA is the competent authority supervising the implementation of the provisions of the law and regulations.

  • Arabian Mills’ $271M Saudi IPO sells out in an hour

    The flour milling company plans to raise as much as $271 million by selling a 30% stake, or about 15.4 million shares, on the local Saudi stock exchange. Institutional investors covered the order book throughout the price range of 62 riyals to 66 riyals ($16.50 to $17.60) per share, according to people familiar with the matter, who asked not to be identified discussing private information.