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  • Adam Neumann’s Flow Pushes Into Saudi Arabia in First Global Move

    Miami-based Flow is partnering with local investors to develop and own three apartment buildings in Riyadh, which will total roughly 920 units once completed, according to people familiar with the matter who asked not to be named citing private information. “Saudi Arabia presents a tremendous opportunity to invest in a place with dynamism and growth,” a Flow spokesperson said. “We are proud to bring our product to the region and help address a growing market need.”

  • Saudi Prince Turki Al-Faisal voices hope in Harris as US election approaches

    Highlighting the upcoming election, Prince Turki voiced optimism about current Vice-President and Presidential hopeful, Harris: “Her expression of empathy and sympathy for the Palestinians at least, sounded as if she might be willing to take some action,” suggesting a potential pivot from the perceived inaction under the Biden administration.

  • Saudi Arabia’s maritime sector is set to take on a more prominent role in the global supply chain

    Leading this transformation is the Saudi Ports Authority (Mawani), which has invested heavily in infrastructure to increase the capacity of its major ports, including Jeddah Islamic Port and King Abdulaziz Port. In 2023 alone, $3 billion was dedicated to infrastructure projects, such as establishing logistics parks and allocating $1.9 billion for the development and operation of two advanced container terminals.

  • Saudi Arabia plots space industry transformation

    Saudi Arabia’s sovereign wealth fund-backed Neo Space Group (NSG) is looking to lease multi-orbit capacity to bolster its foothold in the satellite market, ahead of likely owning and operating its own constellation. “Our team is currently working hard to identify those areas in the market where it makes sense to deploy our own capital,” NSG’s newly appointed CEO Martijn Blanken told SpaceNews in an interview.

  • Saudi EV market poised for significant growth by 2026, Petromin CEO predicts

    In an interview with Arab News at the EV Auto Show in Riyadh, Kalyana Sivagnanam, CEO of Petromin Group—a Saudi-based provider of automotive, lubricant, and EV charging solutions—indicated that EV sales could soon approach parity with internal combustion engine vehicles within the next 12 to 18 months. “By 2026/2027, you’re going to see a massive surge in the sales of electric vehicles,” Sivagnanam stated, linking this growth to rapidly changing market conditions and declining battery costs.

  • Celebrating Saudi National Day: A Time for Reflection, Progress, and Purpose

    In the two short years I've called Saudi Arabia home, I've witnessed a profound sense of national pride and passion that resonates deeply with me. Recently, I was honored to receive my Saudi premium residency. This personal milestone deepens my commitment to supporting the Kingdom’s bold objectives, such as economic diversification, sustainability, and innovation on a global scale.

  • Israel and Hezbollah trade fire after heaviest airstrikes yet

    U.N. peacekeepers in Lebanon urged immediate de-escalation as hostilities rumbled on at the Lebanese-Israeli border on Friday, following Israel's most intense airstrikes in nearly a year of conflict with the Iran-backed Hezbollah. Israel's military said on Thursday it had struck hundreds of Hezbollah rocket launchers that had been set to fire towards Israel, in what security sources in Lebanon said was the heaviest such attack since hostilities began last October.

  • Hack of Hezbollah devices exposes dark corners of Asia supply chains

    The lethal hack of Hezbollah's Asian-branded pagers and walkie-talkies has sparked an intense search for the devices' path, revealing a murky market for older technologies where buyers may have few assurances about what they are getting. While supply chains and distribution channels for higher-margin and newer products are tightly managed, that's not the case for older electronics from Asia where counterfeiting, surplus inventories and complex contract manufacturing deals can sometimes make it impossible to identify the source of a product, analysts and consultants say.

  • Device detonations reveal ‘incredible’ intelligence abilities: ex-NSA chief

    The perpetrators “had incredible ability to do targeting intelligence and to be able to actually know the numbers, know who’s got them, [and] know the periodicity upon which they’re using them,” said Paul Nakasone, the former director of the National Security Agency and four-star commander of U.S. Cyber Command.

  • Saudi Arabia targets control of Alba to bolster metals ambitions

    State-controlled Saudi Arabian Mining Co., known as Ma’aden, announced a series of deals this week involving Aluminium Bahrain B.S.C., or Alba. When those deals close, the Saudi company “hopes to be a majority shareholder in Alba,” Ma’aden chief executive officer Bob Wilt said in an interview in Riyadh. “I’m very bullish on aluminum,” Wilt said. “The energy transition doesn’t happen without aluminum, so if we want to be a critical minerals and processing hub, we’ve got to control the feedstock.”