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  • Sharp slowdown in companies opening Saudi HQs

    Scott Cairns, managing director of Creation Business Consultants in Dubai said: “We observed a rush toward the end of last year and the beginning of this year, as many companies were eager to establish their regional headquarters.” Initial demand dropped by around half in the second quarter, although interest has since increased, “indicating that some took their time and are now ready to establish their operations,” he added.

  • Saudi Film Commission to participate in the 81st Venice International Film Festival 2024

    The Saudi Film Commission will take part in the 81st Venice International Film Festival, scheduled from August 28 to September 7, 2024, in Venice, Italy. As one of the oldest and most prestigious film festivals globally, the Venice Film Festival is a key event within the Venice Biennale and is recognized by the International Federation of Film Producers Associations (FIAPF).

  • Saudi authorities foil attempt to smuggle nearly 350,000 pills from Iraqi border

    Saudi authorities have thwarted an attempt to smuggle 349,710 Captagon pills into the Kingdom through the Jadidat Arar land crossing on the border with Iraq, Saudi Press Agency reported. The Zakat, Tax, and Customs Authority said that the pills were discovered concealed within a shipment labeled as “equipment used in polishing tiles.”

  • Saudi Arabia witnesses exceptional summer season featuring thunderstorms and showers of hail

    Saudi Arabia is witnessing an exceptional summer season with the continued rainfall, accompanied by showers of hail and active winds in several regions. The southwestern coastal city of Jazan recorded last Friday the highest amount of rainfall in a single day over the past 12 years, reaching 184 mm, breaking the record set in Jeddah in 2022 when it reached 182 mm.

  • Ratney: US Expediting Strategic Agreements with Saudi Arabia

    Although the US ambassador did not specify a timeline for the completion of these agreements due to the region’s complexities, he outlined that the package encompasses several key areas, such as enhancing the strategic and military partnership between the US and Saudi Arabia and normalizing relations between Riyadh and Tel Aviv, and ensuring a definite path towards the establishment of a Palestinian state.

  • The Rise of Saudi Arabia’s Oil Empire

    Saudi Aramco, originally founded as the California-Arabian Standard Oil Company in the 1930s, began its journey after oil was discovered in the Eastern Province of Saudi Arabia. The company was established through a partnership between Saudi Arabia and Standard Oil of California (now Chevron). Over the decades, it grew from a regional enterprise into the world’s largest oil producer, pivotal in the development of Saudi Arabia's economy and its global economic influence.

  • Inaugural Esports World Cup signs off with historic closing ceremony

    Over the course of eight consecutive weeks, the EWC hosted 1,500 athletes and over 200 clubs, with a record-breaking $60m prize pool up for grabs across 22 tournaments and 21 titles. The ceremony concluded the biggest weekend in esports history, which also featured the 2024 Esports Awards and 2024 New Global Sport Conference.

  • Saudi Arabia launches Phase I of Riyadh Parking Project

    Phase I of the project is to create and manage over 24,000 public parking spaces in public and commercial streets, in addition to the management of more than 140,000 parking spaces in nearby residential neighborhoods. The phase will cover 12 areas distributed across the Al-Wurud, Ar Rahmaniyyah, West Olaya, Al-Murooj, King Fahd, and Al-Sulaimaniyah districts, in addition to four other areas in the southern neighborhoods of Riyadh.

  • All proposed Iranian ministers approved, but at what cost?

    All ministerial nominees of Iran’s President Masoud Pezeshkian have been approved by the parliament—a first in 23 years. The vote of confidence has stirred controversy as Pezeshkian prior to the ballot told lawmakers that Supreme leader Ayatollah Ali Khamenei had pre-approved all picks. The assertion has sparked pushback from both critics and supporters of the political establishment.

  • Saudi Ambassador to Yemen meets UN Special Envoy

    Saudi Ambassador to Yemen Mohammed Al-Jaber met with UN Special Envoy for Yemen Hans Grundberg in Riyadh on Thursday. They discussed the latest developments with regard to the Yemeni crisis. Al-Jaber is also serving as the executive director of Yemen Comprehensive Humanitarian Operations and general supervisor of the Saudi Development and Reconstruction Program for Yemen.