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  • Saudi capital market’s momentum likely ongoing in H2 2024: HSBC Saudi Arabia

    The Saudi capital market is expected to see continued momentum in H2 2024, backed by a strong pipeline of initial public offerings (IPOs), announced projects, and investment opportunities, which is seeing higher investor engagement by local and foreign players at record highs compared to previous years, Faris AlGhannam, CEO and Board Member of HSBC Saudi Arabia, said.

  • Saudi Arabia Shifts from Participation to Hosting: Sustained Global Scientific Engagement Since 2011

    This year, the Kingdom of Saudi Arabia transitions from the ranks of participants to hosts and organizers of international scientific competitions. Riyadh, the capital city, is set to host the 2024 International Chemistry Olympiad from July 21st for ten days. The Olympiad will involve more than 340 students, 200 volunteers, and 400 university professors and chemistry teachers from 90 countries. This makes it an opportunity for scientific exchange, partnerships, and a chance to discover Saudi Arabia through its capital, Riyadh, and witness its scientific, economic, and cultural renaissance, which has qualified it to become a leading destination in various fields.

  • Saudi Arabia to visit Brazil and lithium power Chile as seeks to diversify

    Saudi Arabia's mining minister will visit Brazil and Chile over the coming two weeks, the ministry said on Sunday, as the world's leading oil exporter seeks to expand its international presence in mining. In Brazil, talks will cover mining, food processing, and aviation, while in Chile the focus is on lithium, needed for electric vehicle batteries. "This aligns with the Kingdom's direction towards expanding the production of EVs," a Saudi government statement said.

  • Saudi Arabia’s move to nationalise engineering jobs ‘required’ to tackle unemployment

    Saudi Arabia's requirement that companies allocate 25 per cent of engineering jobs in the private sector to citizens looks set to help the kingdom tackle unemployment, as the Arab world’s largest economy moves ahead with its economic diversification strategy. The rule, which takes effect on Sunday, is applicable to private sector companies that employ five or more people in engineering professions, the Saudi Press Agency reported. It will provide more “productive job opportunities for male and female citizens in various regions of the kingdom”, SPA said.

  • Saudi says not involved in targeting Yemen’s Hodeidah, closely following ‘escalation’

    Saudi Arabia released a statement Sunday clarifying that it was not involved in an attack targeting the Yemeni port city of Hodeidah. On Saturday, the Israeli army announced that its fighter jet bombed Houthi military targets in Yemen, in response to the militant group’s attacks against Israel in recent months.

  • Saudi Unveils $690,000 Golden Pen Award For Novelists

    The top prize is $100,000, with the winning novel adapted into a movie by the GEA. Second place offers $50,000 and a movie adaptation, while third place receives $30,000. In addition to these top awards, the competition features Novel Track Awards, with $25,000 each for the best novels across various genres, including romance, thriller and mystery, comedy, action, fantasy, detective, horror, and historical fiction.

  • How Saudi Pro League Plans to Elevate Its Global Football Standing

    The SPL has shifted from last year’s extensive talent acquisition—where 97 players were signed—to a more strategic approach this season. The Saudi transfer window opened on July 18 and will close on September 2, aligning with European leagues. This change indicates a focus on filling specific gaps and enhancing overall team quality rather than a blanket acquisition strategy.

  • Potential and Risks Behind the National Transformation Program in Saudi Arabia

    The Kingdom of Saudi Arabia Constitution Law guarantees citizens the right to have medical care and treatment during emergencies or sicknesses [1]. However, for the last two decades, the expenditure per capita has risen tragically to reach a cost for each citizen from 370.42 dollars in 2000 to 1291.13 dollars in 2019 [2]. Nonetheless, the population of Saudi Arabia massively increased from 22,678,262 in 2004 to 32,175,224 in 2022 [3]. As a result, the burden on the healthcare system to address the population's needs against the increase in the incidence of mortality and morbidity rate and chronic diseases spread, in addition to the increase in life expectancy, makes the healthcare system struggle to reach the desired goals [4-6].

  • New Museum to Chronicle Saudi Arabian Esports Achievements

    Located in the SEF Arena in Riyadh City Boulevard, the museum houses a unique structure that makes up the world's largest gaming and esports area. It features a variety of sections, including a special department that documents significant moments in the history of Saudi Arabian esports, like the announcement of hosting the World Cup of Esports in the Kingdom, Mosaad Aldossary winning the FIFA eWorld Cup in 2018 and the Saudi Arabian national team winning the 2023 Overwatch World Cup. The museum will also include media interviews conducted by Deputy Prime Minister Prince Mohammed bin Salman with notable figures in the esports industry.

  • Israel shoots down missile fired from Yemen after striking Houthis

    Israel said it shot down a missile launched from Yemen on Sunday and the Yemeni Houthi movement said it had fired several missiles at the Israeli city of Eilat after Israel's first public strike against the Iran-aligned group a day earlier. The Houthis have launched missiles and drones at Israel and disrupted global trade through the Red Sea in response to Israel's assault on Gaza, further destabilising the Middle East as war in the Palestinian enclave rages on after nine months.