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  • Hyatt debuts two hotels in Saudi Arabia

    The brand-new Park Hyatt Jaumur and Andaz Jaumur Marina, set to open in 2027, will offer a combination of 350 rooms and suites. Park Hyatt Jaumur will sit at the community’s vibrant epicentre, overlooking the marina. Designed as an oasis of relaxation with 125 rooms, Park Hyatt Jaumur will serve to seamlessly blend entertainment, leisure, and cultural experiences. Andaz Jaumur Marina will be a 225-key project with a blend of rooms and suites.

  • Saudi Ports Authority sees fewer containers in September

    The total number of handled containers amounted to 673,124 TEUs, marking a decline of 8.08% compared to the same month last year, with transshipment boxes showing a decrease of 42.98%, reaching 159,511 TEUs.  Additionally, the total general cargo amounted to 975,406 tons, solid bulk cargo to 4,473,019 tons, and liquid bulk cargo to 15,277,608 tons. Meanwhile, the ports received 343,952 cattle heads, marking a decrease of 35.58% compared to 533,948 cattle heads in the same period of 2023.

  • Saudi real estate: Best-performing areas, price rises and increase in sales

    In the 12 months to Q2 2024, Saudi Arabia’s residential transactions across the three major cities of Riyadh, Jeddah, and Dammam Metropolitan Area (DMA) recorded annual improvements in transaction volumes by 51.6 per cent, 43.2 per cent and 22.4 per cent, respectively. “Riyadh particularly is demonstrating attributes of an undersupplied market, driven by strong employment and population growth on the back of government investment projects, resulting in very tight supply in certain areas of the market as new deliveries fail to keep pace with the robust housing demand”.

  • Saudi Arabia’s Muvi Studios Locks Deals at Saudi Confex Including on Hotly Anticipated Satire About ‘Chaotic World’ of Local Stardom

    Muvi Studios, the production arm of Saudi Arabia’s leading exhibition chain, have announced a slew of deals during the ongoing Saudi Film Confex confab, including a partnership with local label Sirb Production on hotly anticipated social satire “Lail Nahar,” directed by local hitmaker Abdulaziz Almuzaini.

  • Gulf Countries Seek to Avoid Getting Drawn Into the Israel-Iran Confrontation

    The three GCC countries with a recent history of disputes with Iran are the ones most concerned. The United Arab Emirates, which is extremely vulnerable to missile attacks, and Saudi Arabia are particularly anxious to avoid any involvement in Israel’s expected retaliation. In meetings with Iranian President Masoud Pezeshkian on the sidelines of an Asia conference in Doha and, most significantly, Foreign Minister Abbas Araghchi’s highly significant October 9 visit to Riyadh, both sides made their positions unequivocally clear. Iran stated that any overflight, with or without cooperation, would be “unacceptable” and invite potential retaliation, presumably including military reprisals. For their part, Saudi Arabia and the other Gulf Arab countries expressed their neutrality in the bilateral Israeli-Iranian confrontation and their determination not to take sides in any way.

  • Golden Globes aims to include Saudi judges, says organization’s president

    Helen Hoehne, president of the Golden Globes organization, revealed the organization's aspiration to include judges from Saudi Arabia in the future. Speaking at the second edition of the Saudi Film Confex in Riyadh on Wednesday, Hoehne expressed interest in adding more judges from the region to the lineup of the prestigious awards, which already includes judges from Turkey, the UAE, and Qatar. “We don’t have any voters from Saudi Arabia yet, but that will come, and it will be my mission to bring them on board,” Hoehne said. “We’re hopeful that we expand further and become even more global than we already are.”

  • Shifting Sands in the Kingdom of Saudi Arabia

    One of the most striking aspects of this new Saudi Arabia is its progressive approach toward introducing new laws and inviting foreign investment. The kingdom has rolled out a red carpet for international businesses, showcasing its commitment to creating a dynamic economy. The recent landmark investment law exemplifies this shift — a comprehensive piece of legislation that not only outlines the regulations but also provides a roadmap for investors, answering their queries with clarity and precision. The Saudi Ministry of Investment has crafted a detailed guide, ensuring that the path to doing business in the kingdom is as seamless as possible.

  • Saudi sovereign wealth fund allocates $5.2 billion in green bonds project amid diversification push

    Saudi Arabia’s Public Investment Fund (PIF) has allocated $5.2 billion out of $8.5 billion raised through green bonds to projects as of June 2024, according to its Allocation and Impact Report released on Friday. This allocation figure is up from $1.3 billion in June of the previous year. A green bond is a type of income used to finance projects that have environmental benefits. The PIF became the first sovereign wealth fund to issue a green bond back in October 2022. It followed up with a second green bond offering in February 2023.

  • Saudi university reaches new heights in 2024 global ranking

    King Fahd University of Petroleum and Minerals, which is located in the Eastern Province, has secured a historic achievement after ranking as the top university in the Middle East and North Africa for 2024, according to the Times Higher Education World University Rankings. This puts KFUPM ahead of all universities in Saudi Arabia and the wider Gulf region. KFUPM’s rapid rise is part of a broader strategic transformation that began in 2020, when it was ranked 507th globally. In the space of just four years it has climbed over 330 spots, now securing 176th place worldwide in the 2024 rankings.

  • Saudi Arabia eyes BPCL refinery investment in India

    Saudi Arabia is considering investment opportunities in Indian Government-backed Bharat Petroleum Corporation Limited’s (BPCL) new refinery project, reported Moneycontrol, citing sources. Following the unsuccessful attempt to establish a 60 million tonnes per annum (mtpa) refinery in Ratnagiri, Maharashtra, India's Oil Minister, Hardeep Singh Puri, suggested in May 2023 that the country should consider constructing smaller refineries to circumvent land acquisition challenges.