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  • SMASCO makes debut on TASI today as sixth listing in 2024

    This is the sixth listing on Saudi Arabia’s main market in 2024, after MBC Holding Group Ltd. listed on (Jan. 8), Middle East Pharmaceutical Industries Co. (Avalon Pharma) on (Feb. 27), Modern Mills Co. on (March 27) , Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care Group) on (June 5) and Miahona Co. on (June 6).

  • Saudi Arabia launches self-driving aerial taxi service for Hajj pilgrims

    Saudi Minister of Transport and Logistic Services, Saleh Al-Jasser, launched a self-driving aerial taxi service for pilgrims during this year’s Hajj season, Saudi Press Agency (SPA) reported. The flying taxi is the world’s first to be licensed by a civil aviation authority. The flying taxi will transport pilgrims across holy sites, facilitate the swift transfer of medical emergencies and supplies, as well as deliver goods.

  • Transforming the future of Saudi aquaculture through KAUST’s partnership with MEWA

    In a world facing climate change and a rapidly growing population, food security is emerging as one of the most pressing global challenges. The Kingdom of Saudi Arabia has recognized food security as one of the key objectives of its Vision 2030 program and has launched ambitious projects to address this issue. Among the flagship initiatives is the Aquaculture Development Program (ADP), a joint effort coordinated by King Abdullah University of Science and Technology (KAUST) and the Saudi Arabian Ministry of Environment, Water and Agriculture (MEWA), aimed at transforming the nation’s food economy.

  • Saudi crown prince cancels G7 Summit attendance due to Hajj commitments

    Saudi Arabia’s Crown Prince Mohammed bin Salman has declined an invitation to attend a communication session of the G7 Summit in Italy on Friday. He sent a message to Prime Minister Giorgia Meloni thanking her for the invitation but said he is unable to participate because of his obligations to supervise the work of officials in the Kingdom during Hajj season, the Saudi Press Agency reported on Wednesday.

  • Wood Completes Preliminary Engineering For World’s Largest CCS Hub In Saudi Arabia

    Wood has completed the front-end engineering and design (FEED) scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration (ACCS) project in Saudi Arabia, expected to be the world’s largest carbon capture and sequestration (CCS) hub, upon completion.

  • Risky Business: Saudi Arabia’s Oil Price Hike and Market Reaction

    As the world’s leading energy exporter, Saudi Arabia’s decision to raise the price of oil for its Asian customers, namely China and India, is a significant development. The surprise move, announced ahead of the much-anticipated OPEC+ meeting on June 2, saw Saudi Aramco increase the price of Arab Light crude for Asia customers by over 300 percent—from $0.90 to $2.90 per barrel above the Oman-Dubai benchmark.

  • With New Crown Prince Kuwait Bucks Gulf Succession Trends

    It has been an eventful month for Kuwait driven by Emir Meshal al-Ahmed al-Jaber al-Sabah. On May 10 Meshal issued a decree suspending the Parliament, or National Assembly, for up to four years along with several constitutional articles concerning its authority. This unconstitutional action at least temporarily strips Kuwait of its legislative branch and its assertive – and at times counterproductive – Parliament. It also casts doubt on whether Kuwait will maintain its uniquely powerful elected assembly, and the political freedoms enjoyed by its citizens, or whether it will transition toward a more centralized and autocratic system reminiscent of other Gulf monarchies.

  • Ties with Saudi Arabia set to flourish as Kuwait names new crown prince

    The appointment of Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah as crown prince has been widely welcomed in Kuwait. Many observers see the move as historic and geared to shape the country’s future political direction. The appointment is expected to bring political stability and economic reforms needed to advance lagging national development plans. The crown prince also faces heavy expectations that he will help boost Kuwait's regional standing, notably embarking on a trip to Jeddah only days after taking office. 

  • Nuclear energy to boost education for young Saudis and foster sustainable high-tech industry

    Saudi Arabia is embarking on an ambitious program to develop peaceful nuclear energy that will have profound positive impacts on the energy industry and wider economy. According to the Ministry of Energy, Saudi Arabia is committed to a far-reaching nuclear energy program that will result in the construction of the Kingdom’s first nuclear power plants.

  • Saudi consumer behaviour is “radically changing”

    In my thirty five years of living and working in Saudi Arabia, the last decade has been a truly transformative period for the Kingdom, whether it’s on a societal or an industry level, the changes have been positive and impactful.

    The society as a whole has become very open and progressive, and yet still values its culture.

    The young generation respects the traditions of the past, but are not bound by it. They look to the future in a positive way, and feel that there are more opportunities available for them.