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  • As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

    “This involves many sectors, larger sums of financial flows both ways and many more companies,” Chang said in an interview. “Economic and strategic alignment in terms of development plans” could further elevate the yuan in Saudi Arabia despite wider geopolitical tensions, he added. The tripling of China’s trade with the Middle East observed over the past two decades, report authors said, adds potential for the broader use of the yuan among Gulf states.

  • Draw announced for inaugural big-money Saudi Arabia Snooker Masters

    A new professional ranking event on the World Snooker Tour, the inaugural edition takes place at Green Halls in Riyadh between Friday 30th August to Saturday 7th September. The much-publicised tournament is in conjunction with the Ministry of Sport for Saudi Arabia and the Saudi Arabian Billiard & Snooker Federation, with an aim to increase visibility and participation of cuesports in the country. Both the Saudi Arabia Snooker Masters and the World 9-Ball Pool Championship - which was held in the Kingdom for the first time earlier this year - have reported 10-year contracts.

  • Saudi Arabia is building world’s largest solar-storage microgrid

    Saudi Arabia is building a 400-MW solar microgrid backed by 1.3 GWh of energy storage capacity to ensure clean energy supply for the Red Sea Project on the west coast of the Kingdom. Located in a 28,000-sq-km area in Tabuk province between the cities of Umluj and Al-Wajh, the project is being developed by Red Sea Global, a company owned by Saudi Arabia's Public Investment Fund (PIF).

  • Saudi Arabia Unveils New Umrah Program to Enhance Pilgrim Experience

    In 2023, Saudi Arabia recorded 13.5 million pilgrims. The new program seeks to improve these figures by supporting service providers. It encourages companies to adopt professional destination management and trip organization strategies. The ministry collaborated with the Pilgrim Experience Program, an integral part of Saudi Vision 2030, to organize the second Umrah organizations’ gathering in Makkah. Led by Hajj and Umrah Minister Tawfiq Al-Rabiah, the meeting focused on enhancing the Umrah experience and empowering the private sector to provide year-round services.

  • Saudi POS hits $3.6bn as education spending surges with academic year start

    Saudi Arabia’s point-of-sale transactions climbed to SR13.5 billion ($3.61 billion) between Aug. 11 and 17, reflecting a 3.6 percent increase from the previous week, official data showed. According to the latest figures from the Saudi Central Bank, also known as SAMA, the education sector led the charge, recording a 127.5 percent surge in spending, with total transactions reaching SR1.01 billion.

  • Peregrine falcon chick sells for record $106,601 at Saudi auction

    A peregrine falcon chick named Ultra White has been sold for a record SR400,000 ($106,600) this year after an initial price of SR100,000 at the 2024 International Falcon Breeders Auction, the Saudi Press Agency reported on Wednesday. American breeder Pacific Northwest Falcons, the owner of Ultra White, sold another peregrine chick named Super White for SR86,000 after an opening price of SR40,000 during the bidding on Tuesday night.

  • Jobs in Saudi Arabia: NEOM announces major recruitment drive

    NEOM Green Hydrogen Company (NGHC), the company building the world’s largest green hydrogen plant at Oxagon, in Saudi Arabia’s northwestern region of NEOM, has announced a significant recruitment drive for its construction and operations phases.

  • Cristiano Ronaldo breaks YouTube records, shares videos of life in Saudi Arabia

    Cristiano Ronaldo has broken YouTube records with the launch of his own official channel on the platform. The channel launched on Wednesday, August 21 and broke records for the most subscribers gained in an hour and reached a million subscribers in just 90 minutes. At the time of writing the channel has 7m subscribers after just a few hours and it is set to continue rapid growth rate.

  • Biden presses Netanyahu on need to reach Gaza truce deal

    U.S. President Joe Biden on Wednesday pressed Israeli Prime Minister Benjamin Netanyahu on the urgency of sealing a deal for a truce in Gaza and the release of hostages, the White House said, but Israel and Hamas stuck firmly to their demands. The call between the leaders, in which Vice President Kamala Harris also took part, came after Palestinian health officials reported at least 50 Palestinians killed by Israeli airstrikes over a 24-hour period.

  • Lucid has ‘without a doubt’ surpassed Tesla as the EV industry’s tech leader, CEO says

    Rawlinson recently took to LinkedIn to demonstrate its developing technology, highlighting that the Lucid Air Pure is the most efficient production car in the world. The CEO also compared development of the Air’s technology to that of rivals like Tesla’s Model S — which Rawlinson worked on as chief engineer in the early 2010s — and the Porsche (POAHY) Taycan.