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  • Saudi Arabia completes first phase of ‘Professional Verification’ program

    The Ministry of Human Resources and Social Development completed the first phase of the "Professional Verification" service as part of the "Professional Certification" program. It covers 128 countries and cooperates with the Ministry of Foreign Affairs through a unified electronic platform supervised by the ministry.

  • Saudi Arabia to lure ultra-luxury travelers with Red Palace stays

    In the south of Riyadh, nestled into downtown streets steeped in rare desert greenery, sits a 365,000 square-foot palace once lived in by King Saud bin Abdulaziz, the second ruler of modern Saudi Arabia. The Red Palace was built in the 1940s for the then-crown prince. Now, the 9-acre, art-deco manse is being transformed into an ultra-luxury hotel designed to give guests a taste of the Saudi royal life.

  • Border Traffic: How Syria Uses Captagon to Gain Leverage Over Saudi Arabia

    Since 2011, the Gulf region has seen a significant escalation in the scale and sophistication of drug trafficking. There has been a particular increase in the supply of Captagon, a codrug of amphetamine and theophylline, whose consumption threatens social peace. However, the issue extends beyond organized crime to affect politics. The Syrian regime of President Bashar al-Assad and its allies have leveraged Captagon trafficking as a means of exerting pressure on the Gulf states, notably Saudi Arabia, to reintegrate Syria into the Arab world and secure concessions that would allow the regime to reinforce its position after thirteen years of conflict.

  • World’s largest oil company bets on the enduring power of petrol

    The state-owned oil group, which made $500bn in revenues last year mainly from producing and selling crude, last month took a €740mn, 10 per cent stake in Horse Powertrain, a company dedicated to building fuel-based engines. The calculation by Saudi Aramco and the other shareholders in Horse, Chinese carmaker Geely and its French peer Renault, is that as the industry stops designing and developing its own combustion engines, it will start buying them from third parties.

  • E-commerce in Saudi Arabia sees 17.47 percent surge with 40,697 new records in Q2 2024

    The issuance of existing commercial records for e-commerce in Saudi Arabia recorded a growth of 17.47 percent by the end of the second quarter of 2024, new data showed. According to the Q2 2024 Business Sector Bulletin issued by the Saudi Ministry of Commerce, during this period, 40,697 e-commerce records were issued, compared to 34,645 in the same period of 2023.

  • Warrior Group announces opening of new office in Saudi Arabia

    The increasing demand for Warrior Group’s expertise and offerings led to the decision to open a dedicated office in Saudi Arabia. The company now concentrates almost 70% of its operations within the Kingdom, and so this decision is in line with Saudi Arabia’s Vision 2030 goals. This initiative highlights the company’s dedication to assisting Saudi Arabia in achieving its ambitious objectives in tourism and the economy.

  • Women take part in changing of Kaaba’s kiswa in Saudi Arabia for first time in history

    According to the General Authority for the Care of the Two Holy Mosques, female employees took part in the ceremonial changing of the Kaaba’s kiswa – the black cloth decorated with gold and silver threads which adorns the monument – on Sunday by carrying some of its components and handing them over to other workers, who then loaded them into a vehicle for transport to the Makkah’s Grand Mosque.

  • Saudi Arabia Trails Only Singapore in Emerging Market VC Funding Race

    Venture capital investment in MENA alone amounted to $768 million, the worst first-half performance since the Covid-19 pandemic, Magnitt said. Deal count also dropped, by 18% to 211. The data reflects a broader slowdown in the industry as investors shift attention toward funding rounds of $1 million to $5 million, according to Magnitt. So-called mega-rounds of $100 million or more have been on the decline.

  • Saudi Arabia Reiterates Importance of Ceasefire in Gaza

    The Kingdom had declared its position on Gaza at the meetings of the European Council on Foreign Relations (ECFR). The cabinet underlined this position, calling for working on just and lasting peace and allowing the Palestinian people to obtain their legitimate rights in the establishment of an internationally recognized independent state

  • Delta partners with startup Riyadh Air as it plans to offer flights to Saudi Arabia

    Delta CEO Ed Bastian and Riyadh Air CEO Tony Douglas said they envision selling tickets on each other's flights — a practice known as codesharing — that requires approval from the U.S. Transportation Department. They said the partnership could grow into a full-blown joint venture. That step would require immunity from U.S. antitrust laws for the carriers to collaborate on prices and share revenue.