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  • Why Iran and Hezbollah have not yet responded to Israel’s assassinations

    US and Arab officials believe if a ceasefire is reached it would lower regional tensions, giving Iran and its allies space to back down from their vows to avenge a pair of Israeli assassinations that have pushed the region to the brink. Hezbollah and Iran both pledged to retaliate for the killings of Hamas leader Ismail Haniyeh in Tehran and senior Hezbollah military commander Fuad Shukr in Beirut. But with ceasefire talks flailing and more than three weeks having passed since the killings, some wonder if Iran will respond at all.

  • Saudi World Cup bid bucks global trend for sporting events

    While other events at the games were held at existing venues, the swimming was the best example of how the Olympics has shifted from being an expensive construction endeavour to a more sustainable event that relies on a city’s existing infrastructure. Football’s Fifa World Cup is edging the same way with its requirement for countries bidding to host the event to use four existing stadiums.

  • Saudi Arabia crude oil exports drop in June

    The Organization of the Petroleum Exporting Countries (OPEC) is set to begin unwinding a level of production cuts of 2.2 million barrels per day from October. Earlier this month OPEC lowered its demand growth outlook for the first time in a year, citing softer expectations for China. Meanwhile, China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in July.

  • Saudi Arabia’s series of law changes eases entry for investment and companies

    Two important laws that came out in the past week include an update to the new investment law which puts Saudi and non-Saudi investors on an equal footing and the amendments to the labour law that are expected to benefit employees and employers and enhance their relationship. As part of the law, there will no longer be a system of getting a foreign investment licence, instead, there will be an investment register that's operated by the Ministry of Investment.

  • Who are the Saudi Pro League’s biggest transfers of summer 2024?

    A blockbuster summer transfer window in 2023, which saw global superstars like Neymar, Karim Benzema and Riyad Mahrez join Cristiano Ronaldo in the Kingdom, contributed to an explosion of interest in the Saudi Pro League – putting it on the world football map like never before. Fast forward 12 months and the fanfare has subsided somewhat as clubs scaled back their signings this summer, with many opting instead to consolidate their existing personnel. Still, there have been plenty of notable forays into the transfer market, with Al Qadsiah and Al Ittihad particularly active – the former spending more than $50 million on reinforcements.

  • Summit set to make Saudi Arabia leading global AI model as envisioned by Crown Prince

    The 3rd Global AI Summit would showcase the advancements in artificial intelligence technologies with the participation of more than 300 speakers and specialists representing 100 countries from all over the world. Crown Prince and Prime Minister Mohammed bin Salman, who is also chairman of the Board of Directors of the Saudi Data and Artificial Intelligence Authority (SDAIA), will patronize the summit at the King Abdulaziz International Conference Center in Riyadh from September 10 to 12.

  • Immersive architectural tourism​ іn Saudi Arabia

    Digital tourism reflects a sophisticated strategy tо merge cultural heritage with cutting-edge technology, facilitating virtual access tо sacred sites, historical landmarks, and natural wonders. These efforts showcase Saudi Arabia’s commitment to innovation, as well as its dedication to foster a deeper global appreciation of its cultural and architectural treasures.

  • What to Make of China’s Moves in the Middle East

    In late July, 14 Palestinian factions including rivals Hamas and Fatah agreed “to end their divisions and form an interim national unity government” in a “Beijing Declaration” after negotiations in the capital that began on July 21. The talks followed an earlier attempt by China to broker a deal between Fatah and Hamas.

  • Saudi Arabia completes SR6.018 billion Sukuk issuance for August 2024

    The National Debt Management Center has completed the receipt of investor requests for the local Sukuk issuance for August 2024, as part of the Saudi Arabian government’s Sukuk program in Saudi Riyals. The total allocation for this issuance was set at SR6.018 billion. The center's statement detailed that the issuance was divided into five tranches. The first tranche, amounting to SR2.818 billion, is set to mature in 2029. The second tranche, totaling SR1.992 billion, is due in 2031, while the third tranche, valued at SR152 million, will mature in 2034. The fourth tranche, amounting to SR415 million, is set to mature in 2036, and the fifth tranche, totaling SR642 million, is due in 2039.

  • Maersk opens the doors to its largest Logistics Park at Jeddah Islamic Port in Saudi Arabia

    The Saudi ports sector is witnessing major and unprecedented leaps, in terms of high operational performance efficiency, achieving records in international indicators, growing maritime navigation lines and increasing maritime connectivity with the countries of the world. The Maersk Logistics Park at Jeddah Islamic Port will contribute to service and development in supporting economic activity in the Kingdom and providing highly efficient logistics services to support the movement of trade and export to foreign markets and enhance the work of supply chains and logistics.