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  • MBS: No Saudi-Israel normalization until Palestinians get a state

    Although the Biden administration had previously signaled that they might be willing to move forward with the U.S.-Saudi defense agreement even in the absence of normalization with Israel, MBS’ announcement appears to finally kill the possibility of the so-called “Grand Bargain” that Presidential advisors Brett McGurk, Jake Sullivan, and other senior Biden officials had hoped would offer a means of countering China, resolving the Gaza crisis, and topping Trump’s Abraham Accords all in one.

  • Saudi Arabia tenders Riyadh Metro Line 7

    The Royal Commission for Riyadh City (RCRC) has issued the request for proposal notice to selected firms to design and build Line 7 of the Riyadh Metro project. MEED understands that the client issued the tender notice in mid-September. The RCRC has given consortiums six months to prepare the bids. The submission deadline is 10 March 2025. The RCRC received prequalification forms from contractors for the tender in February this year.

  • Saudi Arabia Forging Ahead in Building its First Nuclear Power Plant

    “Given the importance of nuclear energy in social and economic development, the Kingdom is moving towards benefiting from nuclear energy and its radiation applications for peaceful purposes,” declared Prince Abdulaziz at the 68th Session of the General Conference of the International Atomic Energy Agency in Vienna.

  • September 23 is National Day holiday for private and non-profit sectors

    The Ministry of Human Resources and Social Development announced the official holiday date for the 94th National Day for the private and non-profit sectors in the Kingdom. The ministry confirmed that the holiday will be on Monday, September 23, as the National Day falls on that day. The ministry explained that this is in accordance with Article 24 of the Executive Regulations of the Labor Law, and every employer must adhere to what is stated in the second paragraph of this article.

  • Saudi Arabia will not recognise Israel without Palestinian state, says Crown Prince

    Saudi Crown Prince Mohammed bin Salman on Wednesday said the kingdom would not recognise Israel without a Palestinian state and strongly condemned the "crimes of the Israeli occupation" against the Palestinian people. "The kingdom will not stop its tireless work towards the establishment of an independent Palestinian state with East Jerusalem as its capital, and we affirm that the kingdom will not establish diplomatic relations with Israel without that," the crown prince, known as MbS, said.

  • Can Saudi Arabia’s solar manufacturing initiative be a game changer?

    Saudi Arabia is actively developing its solar power capacity through various projects. In July, the Kingdom’s Public Investment Fund (PIF) announced partnerships with China’s JinkoSolar and TCL Zhonghuan, leading producers of solar modules and silicon wafers, along with wind turbine manufacturer Envision Energy. These collaborations will introduce 30GW of solar PV manufacturing capacity – from ingots to modules – to Saudi Arabia, supporting the goal of localizing 75 percent of renewable energy components by 2030, as outlined in the National Renewable Energy Program.

  • Authorities warn of thunderstorms, hail across Saudi Arabia until Sunday

    The Saudi Civil Defense warned of thunderstorms across the Kingdom until Sunday as the country experiences cooler autumn weather. The authorities urged people to avoid areas susceptible to flooding, not to swim in open water, and to follow instructions issued through social media channels. The Makkah region is expected to receive heavy rain that may lead to torrential downpours, hail, and strong winds.

  • Saudi Arabia approves first ETFs tracking Hong Kong-listed equities

    Saudi Arabia has granted approval for its first exchange-traded funds (ETFs) tracking equities listed in Hong Kong on Tuesday, the Capital Market Authority (CMA) said, marking the debut of such a product in the Middle East. The move follows efforts by Beijing and Hong Kong to deepen ties with Arab countries in response to escalating tensions with the West.

  • One commercial registration is enough for a firm throughout Saudi Arabia

    The law facilitated the conduct of commercial business by canceling the issuance of sub-registrations for companies and establishments, and then sufficing with one commercial register at the Kingdom level, including all the activities of the establishment, which contributes to reducing the financial burdens on these firms.

  • HALO Space to Build Final Assembly Facilities in Saudi Arabia, Prepares for Test Flight

    “The decision to establish industrial capabilities like final assembly, testing facilities, a spaceport, and an immersive dome experience in Saudi Arabia reflects the Kingdom’s favourable business environment,” Mira said. “We believe Saudi Arabia is well-positioned to lead the near-space sector, and we’re excited to deepen our partnership as we push forward with our mission.”