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  • Venture Capital Set for Ten-fold Growth Over the Next Six Years in Saudi Arabia
     

    Venture capital investments in Saudi Arabia are set to grow ten-fold over the next six years, according to a new report by Saudi Technology Ventures published by The National. The report says that Venture funding investments are at a “positive inflection point” and are set to grow to $500 million annually by 2025, from $50m last […]

     
  • To the Delight of Fans, Saudis Play Soccer Match in West Bank for First Time in Decades
     

    Saudi Arabia’s soccer team will play against the national team in Palestine in the West Bank for the first time in over a decade, delighting fans from both sides. The match, planned for Tuesday, has “electrified Palestinians” not just because it’s a World Cup qualifying match, but because it’s a home game actually played at […]

     
  • Officials Announce ‘Riyadh Season’, a Three-Month Series of Events
     

    Saudi officials have launched ‘Riyadh Season’, a new, three month series of events that will take place from October 15 to December 15 all around Riyadh. The countdown was launched by the chairman of the General Entertainment Authority, Turki Al Sheikh, on his twitter account in a video. The theme of the first season is ‘Imagine.’ Officials have […]

     
  • Saudi Arabia has Selected Haifaa Al Mansour’s ‘The Perfect Candidate’ as its Official Entry for the 2020 Oscars
     

    Saudi Arabia has selected Haifaa Al Mansour’s The Perfect Candidate as its official entry for the 2020 Oscars in the best international feature category, according to reports. Haifaa Al Mansour’s “The Perfect Candidate” is about a Saudi doctor who challenges the patriarchal system in her country by running in municipal elections. Al Mansour is one of the Kingdom’s best-known […]

     
  • Saudis Pay Tribute to Famous Bodyguard to Kings Killed in Dispute with Friend in Jeddah
     

    Saudi citizens took to social media to pay tribute to Maj. Gen. Abdulaziz Al-Fagham, the bodyguard to both the late King Abdullah and King Salman who was killed in argument with a friend in Jeddah, Saudi state media said. Al-Fagham, a tall and fit man who had a familiar face for many Saudis because he was […]

     
  • First shares in Aramco will be sold on Saudi stock exchange – reports
     

    Saudi Aramco will list the first shares of the company on Saudi Arabia’s stock exchange, the Tadawul, and will do so “very soon,” the company’s CEO Amin Nasser said. The local listing is likely to precede an international one, but the company has not yet selected a location, according to reports. “The primary listing is to list […]

     
  • IMF suggests Saudi Arabia double its VAT to 10%
     

    The International Monetary Fund (IMF) suggested that Saudi Arabia would see positive economic benefits by raising its Value Added Tax (VAT) to 10% after successfully implementing a 5% VAT last year. “The introduction of the VAT in January 2018 was a landmark achievement, with revenue collections exceeding expectations,” the Washington-based lender said in a report […]

     
  • Royal Decrees Shake Up Saudi Aramco, Energy and Industry Sectors
     

    A series of Royal Decrees issued by King Salman of Saudi Arabia on Friday included major shake ups to Saudi Aramco as well as government ministries and top leadership. King Salman issued a royal decree to set up a new Ministry of Industry and Mineral Resources, separating it from the Ministry of Energy. The Kingdom named Bandar Alkhorayef […]

     
  • Saudi Students See Greater Freedom in Travel with New Rules
     

    New rules put in place by Saudi government authorities have granted the right of all Saudi students studying oversees to travel without requiring a permit from their parents or guardians, even if they are under the age of 21, according to reports. Saudi Arabia’s General Directorate of Passports announced Monday that students “will only require proof of […]

     
  • Will Formula One Racing Come to Saudi Arabia?
     

    Saudi Arabia and Formula One are discussing the possibility of holding a race in the country, “and team bosses have been asked for an opinion,” sources told Reuters on Tuesday. “The Times newspaper reported that Formula One and the 10 teams would seek reassurance on issues including human rights, gender equality and media freedom before any […]

     

MUST-READS

  • Amid ‘politicization’ claims, Iraq prepares for first census after Saddam

    Iraq is gearing up for its first general population census in 27 years, due to take place on Nov. 20. However, claims that the initiative will fall victim to partisan wrangling have dogged its planning stages. Meanwhile, supporters of the campaign have defended the economic focus of the census questionnaire, claiming that the data will be invaluable to rebuilding Iraq’s battered public services—particularly amid its ongoing development boom

  • Why Gulf National Oil Companies Are Investing in U.S. LNG

    Saudi Aramco and the Abu Dhabi National Oil Company are investing in U.S. liquefied natural gas projects, signaling their confidence in long-term gas demand and ambitions to become global gas players. These deals reinforce the commercial appeal of U.S. LNG and suggest that Gulf national oil companies represent a new pool of capital for global gas investment. It is notable that some of their first forays into international LNG have occurred in the United States, especially in a period of shakier policy support in Washington for LNG exports. The deals suggest that Washington’s relations with Riyadh and Abu Dhabi are improving.

  • Israeli officials say they seek to avoid all-out war in Lebanon retaliation

    Israel wants to hurt Hezbollah but not drag the Middle East into all-out war, two Israeli officials said on Monday, as Lebanon braced for retaliation after a rocket strike that killed 12 children and teens in the Israeli-occupied Golan Heights. Two other Israeli officials said Israel was preparing for the possibility of a few days of fighting following Saturday's rocket strike at a sports field in a Druze village.

  • Road accident deaths down 54% in Saudi Arabia

    The Health Sector Transformation Program has reported a 54% decrease in the traffic accident death rate in 2023, with the rate falling to 13.6 deaths per 100,000 people, compared to 28.41 deaths per 100,000 people in 2016. The Program's report also indicated a reduction in road accident injuries, reaching 70.87 per 100,000 people, down from 74 injuries per 100,000 people in 2016. Roads that meet traffic safety standards accounted for 77%, while vehicles complying with updated periodic inspection requirements and standards accounted for 46%.

  • Saudi markets receive over 29 tonnes of seasonal produce from Qatif oasis farms

    The farms of Qatif Oasis are playing a crucial role in supplying fruit and vegetable markets throughout Saudi Arabia’s Eastern Province. From Al-Khafji in the north to Al-Ahsa in the south, they provide a wide variety of seasonal produce including vegetables, fruits and fresh dates. Spanning some 800 sq. km from Safwa to Dammam, Qatif governorate is home to over 3,700 farms of which 2,454 are actively producing a variety of crops, reported Saudi Press Agency.

  • Jeddah waterfronts, 442 lush parks elevate Saudi summer experience

    Jeddah Municipality has prepared five waterfronts and 442 parks across the city for visitors during the summer, offering high-quality leisure spots designed to the highest standards, reported SPA.  Jeddah has become a popular destination for visitors from both inside and outside the Kingdom. People come to enjoy its beautiful waterfronts, parks, and various amenities, as well as to attend the Jeddah Season events, said the report citing senior officials.

  • Saudi Red Sea Authority Rolls Out Innovative Training Initiatives for Luxury Coastal Tourism

    The second initiative fostered cooperation between the public and private sectors by partnering the Ministry with the Authority to identify top talent from luxury coastal resorts and tourism agencies specializing in luxury cruises. These professionals underwent an advanced training program on a European cruise ship, accredited by Plymouth University and facilitated by Dale Carnegie UK, under the supervision of Umm Al-Qura University. This program aimed to provide the trainees with essential hospitality skills, focusing on guest service excellence and managing hospitality operations on board.

  • How restaurants navigate the quiet summer in Saudi Arabia

    As summer ushers in scorching temperatures and changes in customer behaviour, restaurants in Saudi Arabia are strategically modifying their operations to stay competitive. By adjusting operating hours, refreshing menus, leveraging digital platforms, and implementing innovative marketing tactics, industry leaders are employing different strategies to attract and retain customers.

  • China Investors Pile Into Saudi ETFs as Two Nations Grow Closer

    The Saudi-focused ETFs enjoyed a bumper start when they debuted in Shanghai and Shenzhen on July 16 with both jumping by the daily 10% limit on their first two trading days. They were then suspended for part of July 18 after their managers notified the exchanges that the premium of their share price over their net asset value had become excessive.

  • India Saudi Arabia hold first meeting of High-Level Task Force on Investments

    India and Saudi Arabia on Sunday discussed various opportunities for bilateral investments in diverse areas in the public and private sectors, including refining and petrochemical plants, new and renewable energy, and power.  They reviewed measures aimed at promoting two-way investments in a mutually beneficial manner at the first meeting of the India-Saudi Arabia High-Level Task Force on Investments, co-chaired by the Principal Secretary to the Prime Minister PK Mishra and the Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz Al Saud in the virtual mode.