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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Saudia’s Flyadeal Cancels $6b Boeing Deal, Opts for Airbus’ A320neo
Saudi airline Flyadeal has canceled an order for up to $6 billion worth of Boeing 737 Max planes, instead opting to purchase from Boeing’s top European competitor, Airbus SE, according to reports. Flyadeal had committed to purchasing up to 50 planes from Boeing, but after the global grounding of the company’s 737 Max 8 planes […]
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Thousands protest as Netanyahu addresses US Congress
Thousands of people gathered in Washington DC to protest against Israel's Prime Minister Benjamin Netanyahu, who delivered a speech to the US Congress on Wednesday. He said America and Israel "must stand together" and prompted several standing ovations in the chamber as he gave his address. Mr Netanyahu also criticised the demonstrators gathered outside, who he called "Iran's useful idiots". Dozens of lawmakers refused to attend his speech in protest.
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U.S. Exports to the Arab World Jump By 12 Percent to $65.3 Billion
According to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023, marking the first year-on-year increase in U.S. exports to the Middle East and North Africa (MENA) since the COVID era in 2021.
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Saudi provides food aid to Sudan, Yemen
The Kingdom’s aid agency KSrelief has continued to provide food to vulnerable families in Sudan and Yemen, the Saudi Press Agency reported on Wednesday. In the River Nile state of Sudan, 1,200 boxes of food were given to 6,900 individuals affected by the ongoing conflict in the country. In the Al-Mansoura district of Yemen’s Aden governorate, KSrelief handed out 413 boxes of food for 2,891 individuals, as a part of its continuing aid project in the war-torn country.
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Undiscovered Saudi: The ultimate guide to Yanbu
Yanbu, also known as Yambu or Yenbo, derives its name from the springs that originate in the city. Located in the Madinah Province, it is in close proximity to the Red Sea and is often overlooked for the nearby Jeddah. Yanbu is one of the two main Red Sea hubs for underwater adventures and boasts a history dating back more than 2,000 years – Lawrence of Arabia’s former home, anyone?
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Under the Abaya: Uncovering Saudi Women’s Individualities
Under the Abaya focuses on enabling Saudi women to access high-quality education through an innovative business model. The initiative publishes books that provide a rich insight into the life of women in Saudi Arabia, put together by the women of Saudi Arabia. The profits of these books then go on to fund scholarships, as well as female-led charitable causes, for eager Saudi female learners.
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Saudi Arabia welcomes deal between Yemeni government, Houthis
Saudi Arabia on Wednesday welcomed a deal between Yemen’s government and the Iran-backed Houthi militia to halt tit-for-tat banking sanctions. The deal was announced on Tuesday by Hans Grundberg, the United Nations’ envoy to Yemen, in a bid to end the warring parties’ battle for control over the country’s financial institutions.
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Cristiano Ronaldo tops list of highest paid players in Saudi Arabia [See top 10]
Portugal forward and captain of Al Nassr Cristiano Ronaldo currently tops the list of the highest paid players in the Saudi Pro League. Following his move to Al Nassr in January 2023 after parting ways with Manchester United, Ronaldo has continued to make headlines not just for his on-field performances but also for his staggering earnings.
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Leonardo expands proximity support services for helicopters in the Kingdom of Saudi Arabia
One of the largest operators of Leonardo helicopters in the Middle East; Mukamalah Aviation Company has been operating AW139s since 2008 and AW109 light twins since 2006, mainly to perform offshore transport missions in Saudi Arabia to support the oil and gas industry. Today’s Mukamalah Leonardo helicopter fleet consists of 27 units.
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Turkey returns $5bn Saudi deposit in show of economic confidence
Turkey’s central bank has handed back to Saudi Arabia a $5bn deposit, underscoring Ankara’s progress in replenishing its foreign currency stores as part of its economic turnaround effort. The deposit agreement Turkey forged with the Saudi Fund for Development in March 2023 was terminated by mutual agreement, the Turkish central bank said on Wednesday. Turkey’s move to unwind the agreement is the latest sign of how President Recep Tayyip Erdoğan’s pivot to more conventional policies following his re-election in May 2023 is steadying the country’s $1tn economy.
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Saudi Arabia tops GCC bond market with $37b issuance
Saudi Arabia emerges as the leading issuer in GCC bond market by raising $37 billion (Dh135.8 billion) through 44 issuances during the first half of 2024. This amount reflects a 12.5 per cent increase from the same period last year and represents 49 per cent of the total new supply of GCC bonds and sukuk, according to the Markaz GCC Bonds and Sukuk Market Report. Overall, the GCC primary issuances reached $75.5 billion (Dh277 billion) during this period, marking a significant 38 per cent rise from $54.8 billion (Dh201 billion) in the first half of 2023.
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