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Google to Launch Saudi Cloud Region this Week, VP Says
Google will launch its Saudi Arabian cloud region this week, Anthony Cirot, Google Cloud’s EMEA South VP, posted on LinkedIn this week.
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Saudi Arabia’s Ades International Holding Set to List in Riyadh, May Be Kingdom’s Largest IPO in 2023
Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year, according to reports.
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Aramco’s strategic gas expansion progresses with $25bn contract awards
Aramco has awarded contracts worth more than $25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels. The contracts relate to phase two development of the vast Jafurah unconventional gas field, phase three expansion of Aramco’s Master Gas System, new gas rigs […]
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Saudi Aramco to Expand Huge Gas Plant as Global Demand Surges and Market Dynamics Shift
Saudi Aramco is moving ahead with plans to expand the Fadhili gas processing facility in the kingdom’s Eastern Province as part of its strategy to tap vast and under-developed gas resources within Saudi Arabia, according to a report in Bloomberg.
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Local content rate seen at 43% in Saudi Arabia with a 20% jump in spending – PIF
The growth rate of local content in Saudi Arabia has now reached 43 percent, a top PIF official noted at the Private Sector Forum in Riyadh yesterday, noting that overall spending on content has increased by 20 percent.
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Iranian President Meets with Crown Prince Mohammed bin Salman for First Time with Regional Stability in the Spotlight
Ebrahim Raisi has become the first Iranian president to visit Saudi Arabia in over a decade, meeting with Crown Prince Mohammed bin Salman for the first time in the Kingdom.
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Saudi Arabia gets a BRICS invite, a lightning strike on Mecca’s clocktower, and leading Riyadh-based architect Nadia Maqbool Al Lawatiya joins The 966
Nadia Maqbool Al-Lawatiya, a leading Riyadh-based architect and urban designer who is closely familiar with Salmani architecture, joins The 966 to share her journey and discuss some of the themes and thinking behind the new style emerging from Saudi Arabia. Nadia listened to a previous episode of The 966 on Salmani architecture and joins for this episode […]
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Saudi’s PIF Profit and Spending up in 2023
Saudi Arabia’s Public Investment Fund (PIF) made $25 billion from investment activities in 2023 after an $11 billion loss in 2022. It was also the top spender in 2023, deploying $31.6 billion.
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Dolce & Gabbana Launches Flagship Saudi Store at Via Riyadh after Approaching KSA Market with ‘Caution and Respect’
Fashion icon Dolce & Gabbana unveiled a unique strategy for Saudi Arabia, opening up a flagship new store in Via Riyadh after approaching the market with “caution and respect,” Vogue Middle East reported.
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Saudi Arabia Leads Arab Push for Palestinian State as Anger over Israel’s Brutality Mounts in East and West
Saudi Arabia is pushing for Arab states to take “a common position on how to end Israel’s war on Hamas as fears grow over its attacks on the refugee haven of Rafah — while increasing calls for an independent Palestinian state,” Bloomberg reports.
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Saudi armed forces chief of staff in Iran for talks with officials
The chief of staff of Saudi Arabia's armed forces, Fayyad al-Ruwaili, visited Tehran on Sunday to meet with his Iranian counterpart and discuss defence ties, state media reported the Iranian Armed Forces General Staff as saying. The visit follows the election of Donald Trump, who will take office for a second term as U.S. President in January, and who has promised to bring peace to the Middle East.
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Iran’s president hails Saudi Arabia’s summit initiative in call with crown prince
Saudi Crown Prince and Prime Minister Mohammed bin Salman received on Sunday a phone call from Iran’s President Dr. Masoud Pezeshkian. During the call, the Iranian leader praised Saudi Arabia’s initiative to convene a joint Arab-Islamic follow-up summit to discuss the ongoing Israeli aggression on the Palestinian and Lebanese territories. He wished the summit a great success. The two leaders also reviewed the improvement of relations between the two countries and ways to further enhance them, the Saudi Press Agency reported.
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Saudi Arabia Launches Mobile ‘Craftsman Bus’ Showcasing Traditional Arts
Saudi Arabia’s Royal Institute of Traditional Arts is currently offering amazing cultural and creative experiences through ‘Craftsman Bus,’ the Saudi Press Agency (SPA) reported. The institute has recently launched a platform on wheels to celebrate and revive Saudi traditional arts through an important tour across the Kingdom. Set to run until November 23, the event features live performances, professional workshops and community art displays. Crucially, the bus stops every week at King Faisal Park (Education Park) in Hafr Al-Batin governorate and the historic market in Dumat Al-Jandal governorate. Moreover, it will conclude its journey at the heritage village in Jizan.
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FIFA must halt Saudi World Cup bid due to human rights issues, says Amnesty
FIFA must halt the process to pick Saudi Arabia as hosts of the 2034 World Cup unless major human rights reforms are announced before the vote next month, Amnesty International and the Sport & Rights Alliance (SRA) have said. Votes are due to be held at the FIFA Congress next month to approve the 2030 and 2034 World Cups, though each has only a single bid. A combined bid of Morocco, Spain and Portugal is the sole bid for 2030, while Saudi Arabia is the lone bidder for 2034.
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Saudi crown prince demands immediate Gaza, Lebanon ceasefire at Arab summit
Saudi Arabia's de facto ruler called for immediate ceasefires in Gaza and Lebanon at a joint Arab League and Organisation of Islamic Cooperation summit on Monday. Crown Prince Mohammed bin Salman said the international community must "immediately halt the Israeli actions against our brothers in Palestine and Lebanon", condemning Israel's campaign in Gaza as "genocide".
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Saudi Crown Prince urges for Israel to respect Iran’s sovereignty
Saudi Crown Prince Mohammed bin Salman called on the international community on Monday to compel Israel to respect Iran's sovereignty and to end the wars on Gaza and Lebanon. “We call on the international community to oblige Israel to respect Iran's sovereignty and not to attack its territory,” said the Crown Prince at the opening of an Arab-Islamic summit in the Saudi capital, adding that the kingdom rejects Israel's actions in Lebanon and the threat to "security and displacement of citizens".
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Air Products eyes expanded offtake for NEOM green hydrogen plant
Air Products CEO Seifi Ghasemi has announced ongoing negotiations for additional offtake from the 2.2GW NEOM green hydrogen plant in Saudi Arabia, driven by sustained high demand for hydrogen. As it stands, the oil and gas major is set to offtake the full 600 tonnes of green hydrogen per day before its conversion into green ammonia from 2027. Ghasemi said, however, that additional offtake “would exceed the production of the facility.” Speaking during the company’s Q4 2024 earnings call, the CEO said, “Various leading companies, including TotalEnergies, have issued requests for quotation (RFQ), requesting capacity equal to requirements that far exceed the capacity of our green hydrogen project and the construction in NEOM.”
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Saudi Arabia’s industrial production holds steady in September: GASTAT
Saudi Arabia’s industrial production held steady in September, showing a slight year-on-year decrease of 0.3 percent due to a modest decline in manufacturing output, official data showed. According to data from the General Authority for Statistics, the Kingdom’s manufacturing sector decreased by 0.5 percent in September, bringing the Industrial Production Index to 105.6 points. This decrease was largely attributed to a 12.3 percent drop in the production of coke and refined petroleum products.
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Saudi-led coalition in Yemen says two members of its forces killed
Two members of the Saudi-led coalition forces were killed in an attack by a Yemeni defence ministry employee in Yemen's Seiyun on Friday, the coalition's spokesperson Turki al-Malki was quoted by the Saudi state news agency as saying on Saturday. Al-Malki said the attack, which also wounded one officer, occurred at a training camp for Yemeni forces in the eastern city of Seiyun in the Hadhramaut province.
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Saudi women rise: W20 to ‘address systemic barriers’
A beacon of advocacy and action, the Saudi delegation for Women 20, or W20, is led by Miznah Al-Omair, CEO of Al-Nahda Society, which was founded in 1963 to empower women in Saudi Arabia. In an interview with Arab News, Al-Omair emphasized the importance of including women’s issues in G20 dialogues: “The role of women must be considered in decision-making processes, as these decisions impact women’s economic realities.” This perspective underscores the need for a platform that prioritizes women’s voices in global economic policy discussions.
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