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  • MENA’s Magnetic Pull: Are Foreign Investors Coming Back?

    UAE and Saudi Arabia are the go-to destinations for international investors in MENA, no doubt due to their well-established and relatively mature VC ecosystems. In H1 2024 alone, a whopping 80% of international investors in MENA flocked to these two giants, with the UAE capturing the lion’s share. Both countries boast key attractions such as political stability, economic growth, government support, clear regulations, and enticing tax incentives. The UAE in particular has positioned itself as the tech hub of MENA, making it a magnet for global investors.

  • Saudi foreign minister meets Iraqi PM in Baghdad

    Saudi foreign minister Prince Faisal bin Farhan met with Iraq’s Prime Minister Mohammed Shia al-Sudani during an official visit to Baghdad on Thursday, state news agency SPA reported. During the meeting at the presidential palace, both officials reviewed bilateral ties and discussed ways to strengthen cooperation across various fields.

  • Saudi’s Arabian Mills to sell 30% stake in IPO

    Arabian Mills for Food Products Company (Arabian Mills) intends to sell 30% of the company’s capital, or 15.39 million shares, through an initial public offering on the Saudi Exchange's (Tadawul) main market. The shares being sold are owned by Abdulaziz Al-Ajlan Sons for Trading and Real Estate Investment Company – Ajlan & Bros, Sulaiman Abdulaziz Al-Rajhi International Company, and the National Agricultural Development Company (NADEC).

  • Madinah records highest temperature in Saudi Arabia

    The city of Madinah recorded the highest temperature in the Kingdom of Saudi Arabia (KSA) at 47 degrees Celsius on Wednesday, August 21.

  • Saudi Professional League kicks off new season after 87-day break

    The Roshn Saudi Professional League is set to kick off its new season on Thursday, with Al Taawoun hosting Al Fayha, while Al Nassr faces off against Al Raed following their recent loss in the Diriyah Super Cup final. Meanwhile, Al Riyadh will travel to Makkah to take on Al Wehda. The league resumes after its last match on May 27, where Al Hilal clinched the championship in the final round of the previous season. Al Nassr, last season’s runner-up and a three-time league champion, enters the season on shaky ground after suffering a heavy 4-1 defeat to fierce rivals Al Hilal in the Diriyah Super Cup final. This was followed by the resignation of club president Ibrahim Al-Muhaideb on Tuesday, less than two months after he was elected.

  • Maersk, MAWANI open SAR 1.3B logistics park in Jeddah Islamic Port

    In February 2023, MAWANI and Maersk laid the foundation stone for the company's largest integrated logistics park in the Middle East at Jeddah Islamic Port, with investments totaling SAR 1.3 billion, according to Argaam's data. The greenfield project, spread over an area of 225,000 square meters (sqm), will offer a wide range of sustainable logistics solutions to connect and facilitate supply chains.

  • Colorado sought NIL funding from Saudi Arabia’s PIF in unpreceded move

    Deion Sanders and his Buffaloes staff have been at the forefront of innovative business ideas during his tenure with Colorado. As it turns out, NIL funding is no different. After resigning as CU’s special teams coordinator on August 1st, Trevor Reilly went on the record about trying to pull in funding for the school’s 5430 NIL collective. He expressed to Sports Illustrated that there were no bad feelings between anyone with the program, but rather he was at odds with a few people in Colorado’s administration.

  • Power couple Ronaldo and Rodriguez take Saudi Arabia by storm in new season of I Am Georgina

    Saudi Arabia is increasingly becoming the new hotspot for global celebrities, especially from the football world. Cristiano Ronaldo has been making headlines on and off the pitch and recently set a YouTube record, acquiring nearly 15 million subscribers in just 24 hours. Likewise, his partner, Georgina Rodriguez, has been the talk of the town as well, returning with yet another instalment of her Netflix reality show, I Am Georgina.

  • U.S., Israel and Egypt meet on Gaza border security sticking point

    Israeli Prime Minister Netanyahu's demand that Israel Defense Forces continue to be deployed along the Philadelphi corridor on the border of Egypt and Gaza has become one of the main — and final — points of contention on the way to a deal to release hostages being held by Hamas and establish a ceasefire in Gaza.

  • Saudi Arabia’s Sales From Oil Exports Drop to Three-Year Low

    Saudi Arabia’s revenue from oil exports has slumped to the lowest level in three years, caused by a drop in prices and the kingdom’s decision to curb production. Sales from shipments of crude oil and refined products fell to $17.7 billion in June, according to the country’s main statistics body. That’s down more than 9% year-on-year and about 12% from May.