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The Impressive New Cranes Custom Built to Make the World’s Tallest Building in Saudi Arabia
A video posted to YouTube shows the impressive array and implementation strategy for the custom cranes that will build the world’s tallest building in Jeddah, Saudi Arabia. The Kingdom Tower Jeddah is set to be the world’s tallest skyscraper when construction is completed, soaring up to 1 KM (almost 3,300 feet). The original design was to be one-mile-high […]
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PIF $2.7b Bet on Entertainment an Investment Toward a ‘Vibrant Saudi Society’
Saudi Arabia’s Public Investment Fund (PIF) announced on September 20 that it is setting up a new company to invest in the entertainment sector, as the Kingdom looks to achieve a more vibrant society – a stated goal of Saudi Arabia’s Vision 2030. The company, which will have $2.67 billion in initial capital to invest, will seek […]
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Third Monthly Issue of Domestic Sukuk Raises $1.9 Billion, Finance Ministry Says
Saudi Arabia’s finance ministry issued 7 billion riyals ($1.9 billion) of Islamic bonds in its third monthly issue of domestic sukuk, the ministry said Monday. Reuters reports the issue comprised 2.4 billion riyals ($640 million) of five-year sukuk, 3.9 billion riyals ($1.04 billion) of seven-year and 0.7 billion riyals ($190 million) of 10-year sukuk. Bids for […]
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Conflicting Reports on Delay of Saudi Aramco IPO ‘By a Few Months’ as Key Decisions Remain
Bloomberg reported Wednesday that Saudi Aramco is “preparing contingency plans for a possible delay” to the initial public offering of its state-owned oil company “by a few months into 2019,” citing people familiar with the matter. The offering of part of Saudi Aramco is the most visible of the key pieces of the Kingdom’s Vision 2030 economic and social reform […]
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Ambassador Prince Khaled bin Salman Phones Tex. Gov Abbott to Express Saudi Support after Harvey as Students Pitch In
Saudi Arabia’s Ambassador to the United States Prince Khaled bin Salman telephoned Texas Governor Greg Abbott to confirm that Saudi Arabia supports the American people following the disaster of Hurricane Harvey. Harvey, which flooded many parts of Texas and Louisiana and caused dozens of deaths and billions in damage, was one of the worst storms to […]
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New Saudi Ambassador Prince Khaled bin Salman Gives Interview to Washington Post
Saudi Arabia’s new ambassador to Washington Prince Khaled bin Salman, son of the current king and the brother of the new crown prince, gave an interview to the Washington Post‘s Lally Weymouth last week which appeared in the newspaper today. The interview is his first as ambassador, having presented his credentials to President Trump on […]
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Saudi, UAE Crown Princes Forged Friendship on Overnight Camping Trip in the Saudi Desert Last Year, WSJ Report Says
Saudi Arabia’s Crown Prince Mohammed bin Salman and the Crown Prince of the UAE Sheikh Mohammed bin Zayed took an overnight camping trip in the Saudi desert together 18 months ago, forging a friendship that would prove to be pivotal as the two nations build on relations to take on regional challenges, the Wall Street Journal […]
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With Riyadh Metro Progressing, Bechtel Eyes Mining Sector Growth as Saudi Arabia Diversifies
Bechtel, the construction company behind some of the world’s largest and most impressive megaprojects, is eyeing growth in Saudi Arabia’s mining and minerals sector, according to reports and quotes by the company’s Saudi Arabia country manager. “Mining and metals is something that is of extreme interest to us,” said Abdulrahman Al Ghabban, who was appointed […]
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Iraq’s Moqtada al-Sadr Visits Jeddah, Meets with Crown Prince Mohammed bin Salman
Iraq’s influential Shi’ite cleric Moqtada al-Sadr made a rare visit to Saudi Arabia on Sunday, where he met the Saudi crown prince and other officials, according to the SPA and Reuters. It is the first visit by the powerful anti-American Shi’ite cleric in 11 years. Al-Sadr is the leader of the Sadrist Movement and the leader of Saraya […]
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President Trump Approves Credentials of New Saudi Ambassador to the U.S. Prince Khaled bin Salman
US President Donald Trump received at the White House on Friday newly appointed Saudi ambassador Prince Khaled bin Salman bin Abdulaziz to approve his credentials as an official diplomat to Washington. Prince Khaled is the 10th Ambassador of Saudi Arabia to the US since 1945. According to the London-based Saudi newspaper Asharq Alawsat, US political analysts believe […]
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Iran warns Israel against retaliation for missile attack
The commander of Iran's Revolutionary Guards warned Israel on Thursday against attacking the Islamic Republic in retaliation for a missile barrage, as the Israeli military stepped up its offensive in Lebanon against Tehran-backed Hezbollah. Fears of a wider Middle East conflict have grown as Israel plans its response to the Oct. 1 missile attack carried out by Iran after Israeli airstrikes on Iranian-allied militants.
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Charges of double standards as Lebanese Shiites seek refuge in Iraq
Iraqi officials are facing accusations that “humanitarian assistance” to displaced Lebanese is offered primarily to Hezbollah’s leadership and their families. Images of recent arrivals from Lebanon wearing scarves with the group’s insignia initially kicked off allegations of double standards. Observers further alleged that non-affiliates of Hezbollah are not offered preferential treatment. Meanwhile, others oppose such aid writ large, charging that Iraq’s Shiite political elite is supporting Lebanese co-religionists at the expense of displaced Iraqi Sunnis.
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Saudi Arabia, Egypt agree deeper investment ties, urge Gaza truce
Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi agreed to deepen trade and investment cooperation and called for a ceasefire in Gaza and Lebanon in talks in Cairo on Tuesday. Egypt's presidency said the leaders signed an agreement to encourage and protect mutual investments between the countries, and witnessed the signing of an accord to form a supreme coordination council between Riyadh and Cairo to deepen cooperation.
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Saudi crown prince attends weekly Cabinet meeting
The Cabinet addressed the Kingdom’s ongoing efforts on the political and humanitarian levels to contribute to the current situation in the Gaza Strip and its surroundings, as well as the repercussions of the ongoing events ion Lebanon, Saudi Press Agency reported. It also discussed Saudi efforts of launching an air bridge to the Lebanese people to support them in facing these critical circumstances.
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Saudi’s Manara in advanced talks to buy stake in First Quantum’s Zambian mines
Saudi Arabia's Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals' (FM.TO), opens new tab Zambian copper and nickel assets, three people familiar with the details told Reuters. Manara, a joint venture between Saudi Arabian mining company Ma'aden (1211.SE), opens new tab and its $925 billion Public Investment Fund, is in advanced talks to acquire between 15% and 20% equity in the Zambian assets, the sources said.
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FIFA World Cup Qualifying review: Saudi Arabia and fellow Gulf sides struggle
The third round of Asian qualifying for the 2026 FIFA World Cup continued this past week, with each nation still in the running for a spot at the tournament playing a pair of matches. For some, like Saudi Arabia, it was a difficult seven days, while others moved closer to a spot at the 2026 finals in the United States, Canada and Mexico. Here, Al Arabiya English rounds up the key moments from FIFA World Cup qualifying.
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Goldman Sachs’ Saudi Arabia CEO leaving firm – source
Goldman Sachs' (GS.N), opens new tab Saudi Arabia CEO, Khalid Albdah, is leaving the firm, a source familiar with the situation told Reuters on Wednesday.Albdah has been heading Goldman's Saudi operations for nearly a decade, his LinkedIn profile showed. He joined the bank in 2013 from Al Rajhi Capital, one of the largest financial firms in the Middle East. Goldman Sachs declined to comment. The news was first reported by Bloomberg.
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Saudi Arabia hands over 2nd installment of monthly financial support to Palestine
Naif Al-Sudairi, Saudi ambassador to Jordan, non-resident ambassador to Palestine, and consul general in Jerusalem, handed over the second installment of the monthly financial support to Finance Minister of Palestine Omar Bitar at the embassy headquarters in Amman on Monday. This financial aid is from Saudi Arabia to the Palestinian brothers to address the humanitarian situation in the Gaza Strip.
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Saudi Arabia to Acquire Türkiye’s 5th-Generation KAAN Fighter Jet ?
Türkiye and Saudi Arabia have recently strengthened their defense ties, marking a significant shift in their bilateral relations. This development was highlighted by a strategic summit in Jeddah in July 2024, where officials from both nations agreed to pursue high-value defense projects collaboratively. The two countries are exploring extensive technology transfer opportunities and joint production efforts, including the potential assembly of Türkiye's KAAN 5th-generation fighter jet in Saudi Arabia. This move aligns with Saudi Arabia's Vision 2030, which aims to build a self-sustained defense industry through partnerships with established defense manufacturers.
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A Saudi tech institute chooses the US over China
Byrne is following the lead of others in the kingdom. In May, the chief executive officer of the Saudi Public Investment Fund-backed fund Alat also said that if asked to choose between the US and China, the fund would divest from China. At a global AI summit in Riyadh last month, the Saudi Data and Artificial Intelligence Authority recently announced a deal to buy 5,000 Nvidia graphics chips to help develop an Arabic large language model, pending US government approval. The future of Saudi tech depends on the US and, it seems, the government and its most important institutions are signaling that while they don’t want to choose sides, the answer is clear as to who would win if they did.
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