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U.S. Chamber of Commerce Brings Global Initiative on Health and Economy to Saudi Arabia
A delegation from the U.S. Chamber of Commerce recently traveled to Saudi Arabia as part of an initiative aimed at promoting healthy living as a way to achieve a thriving economy. The U.S. Chamber’s Global Initiative on Health and Economy works to promote health as an economic asset around the world. This month, representatives from the […]
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Major U.S. $7.9 Billion Weapon Sales Plans Include $3.51b in Chinooks to Saudi Arabia
The Defense Security Cooperation Agency (DSCA) has approved five notifications of weapon sales to Congress, including 48 Chinook Cargo Helicopters for Saudi Arabia, Apache helicopters for the United Arab Emirates and TOW missiles for Morocco, according to reports. The estimated cost for the Saudi purchase is $3.51 billion. The Defense Security Cooperation Agency delivered the required […]
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King Salman Dances in Qatar, Causes Social Media Buzz
Saudi Arabia’s King Salman set social media sites buzzing after he was seen dancing the traditional Ardha dance alongside his counterpart, the Qatari Emir HRH Sheikh Tamim bin Hamad Al Thani. The King’s visit to Qatar is part of his tour of several GCC countries this week. King Salman arrived from the UAE, where he celebrated the Emirates’ […]
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Saudi Arabia Replaces Labor Minister, Appoints 30 Women to Shoura Council
Saudi King Salman appointed a new Minister of Labor on Sunday and appointed 30 women to the Shoura council as the Kingdom seeks to turn short term economic pain into long term stability and diversification with its Vision 2030 policy. Dr. Ali bin Nasser al-Afis (also spelled Ali bin Nasser al-Ghafis) is the new Minister, replacing Dr. Mufrej […]
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Jadwa Investment: ‘Prudent Policies’ Should Decrease Saudi Deficit in 2017
Jadwa Investment’s recently released macroeconomic update for the Kingdom’s economy finds that “prudent policies” have been taken to reform the fiscal budget. The Riyadh-based bank said that “fiscal consolidation, coupled with improved non-oil revenues, will mean a smaller-than-anticipated fiscal deficit in both 2016 and 2017. This consolidation will, nevertheless, negatively impact private sector activity, thereby […]
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Two-Day MiSK Global Forum in Riyadh Showcases Ideas of Innovation And Global Culture to Empower Youth
The MiSK Foundation under the sponsorship of Deputy Crown Prince Mohammed bin Salman launched today a major two-day forum in Riyadh that focuses on entrepreneurship and innovation issues. Over 75 prominent speakers include Cisco Chairman John Chambers, Emirati Minister Of Youth Shamma Almazrui, CEO of KAEC Fahd Al-Rasheed, Vice President of the Women’s Affairs at the […]
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GCC Bloc Could Be World’s 6th Largest Economy, Deputy Crown Prince Mohammed Says
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said that the GCC countries could become the world’s sixth largest economy if they joined forces in the coming years. The comments were made at the opening ceremony of the first meeting of the GCC Economic and Development Affairs Authority in Riyadh. The authority was created to hasten coordination […]
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At Ceremony in Seattle, Saudia Receives First Boeing B777-300ER, Commits to Vision 2030 Goals
Saudia’s top executive held a press conference in Seattle on Tuesday announcing the Kingdom’s commitment to the goals of the government’s Vision 2030 reform plans, a day before receiving the airlines’ first Boeing B777-300ER aircraft supplied with new and luxurious compartments for first class passengers. Saudia Director General Saleh Bin Nasser Al-Jasser said that the […]
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Saudi Arabia’s Former Minister of Petroleum and Natural Resources Ali Al-Naimi Pens Memoir
Saudi Arabia’s former Minister of Petroleum and Natural Resources Ali Al-Naimi has penned a memoir that offers “a rare insight into decades of domestic infighting over the future of state-run Saudi Aramco,” Reuters reports. Out of the Desert: My Journey from Nomadic Bedouin to the Heart of Global Oil, published by Portfolio Penguin, “describes the battles waged […]
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Yemen’s Houthi Rebels Fire Missiles Toward Holy City of Mecca in Saudi Arabia, Coalition Says
Yemen’s Houthi militia launched a ballistic missile toward Mecca on Thursday, the Saudi-led coalition intervening in Yemen’s civil war on behalf of the government said in a statement. Reuters via the Saudi Press Agency (SPA) reports that Coalition forces “destroyed the missile 65 km (40 miles) from the holy city before it could do any […]
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Riyadh Air and foreign airlines: Transforming Saudi Arabia’s global connectivity
The country’s current network faces a significant absence in direct routes between Riyadh and major global cities. The carrier plans to address this issue. While Saudi Arabia’s national carrier Saudia continues to serve regional destinations from Jeddah, Riyadh Air will provide more direct links between the capital and major international cities.
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Iran’s intra-generational divide is widening
Recent research by Dr Mansour Saei, a prominent Iranian communication scholar, unveils a society where parents and children increasingly inhabit parallel universes. The generation born between 1995 and 2010, dubbed Gen Z, is forging an identity that not only diverges from but often collides with the values and expectations of their elders.
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Secret Documents Show Hamas Tried to Persuade Iran to Join Its Oct. 7 Attack
Minutes of Hamas’s secret meetings, seized by the Israeli military and obtained by The New York Times, provide a detailed record of the planning for the Oct. 7 terrorist attack, as well as Mr. Sinwar’s determination to persuade Hamas’s allies, Iran and Hezbollah, to join the assault or at least commit to a broader fight with Israel if Hamas staged a surprise cross-border raid.
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Saudi media ministry launches initiative to showcase diverse lives of residents
The Global Harmony initiative aims to showcase the diverse lives of residents in the Kingdom, highlighting their professional and family life, social and recreational activities, contributions to the economy, success stories, and cultural integration in Saudi society, according to the Ministry of Media. It will also highlight government and private sector efforts to improve the quality of life in Saudi cities.
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Al-Jasser: Saudi Arabia spends SR 200 billion out of the planned SR1 trillion to implement National Transport Strategy
Inaugurating the first edition of the Global Logistics Forum at the King Abdullah Financial Center in Riyadh on Saturday, the minister said that the Kingdom's huge spending on transport and logistics sector has enabled Saudi Arabia to advance 17 places in global rankings on the “Logistics Performance Index” issued by the World Bank, and 14 places on the “Global Connectivity Index” of International Air Transport Association (IATA).
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Saudi Arabia launches e-karting racing tracks in 6 cities
Six cities in Saudi Arabia are set to get Hot Wheels e-karting racing tracks. The indoor e-karts will be a venture between Saudi Entertainment Ventures (Seven), part of Qiddiya Investment Company (QIC), and US toy maker Mattel. The Hot Wheels e-karting will be available in entertainment complexes such as Riyadh, Makkah, Taif, Al Madinah, Tabuk, and Jazan. In January, Seven and London-headquartered Formula E announced the building of four Formula E-branded indoor karting venues across the kingdom. These will come up in Riyadh, Jeddah, Dammam and Abha.
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Saudi reserve celebrates Green List recognition
The recognition came after a comprehensive assessment of the reserve by IUCN experts, who evaluated its environmental and developmental accomplishments, as well as its community engagement and preservation efforts. The authority has planted 2.4 million native seedlings and 4 tonnes of seeds, including yarrow, artemisia and haloxylon, the Saudi Press Agency reported on Sunday.
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Conor McGregor says he’s fighting Dan Hooker in Saudi Arabia, Hooker confirms plan
And in that time, after presumably healing a broken leg he suffered in a second straight TKO loss to Dustin Poirier, McGregor has promised his return seemingly countless times. A fight against Michael Chandler had been presumed for the better part of two years – including a booked headliner that led to the UFC's new all-time gate record, only for McGregor to pull out.
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Real Estate Transaction Tax will be exempted under 21 circumstances
The law revealed 21 cases in which real estate transactions are completely exempt from the tax, as the law includes specific exemptions, such as: real estate transactions related to the division of estates or gifts to relatives up to the third degree, and transactions for the purposes of endowments and charitable associations. It aims to combat tax evasion by imposing fines of up to three times of the tax due in the event of manipulation or providing inaccurate information.
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Saudi Arabia expands cloud seeding for water security
Ayman Ghulam, CEO of the National Center of Meteorology and general supervisor of the program, stressed that the program is crucial for water security and natural resource sustainability by utilizing global technologies to improve climate conditions and rainfall. Ghulam noted significant milestones, including the first rain-seeking flight in April 2022, and ongoing research to optimize weather elements in Saudi Arabia, complementing the Saudi and Middle East Green initiatives.
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