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  • Saudi and World Bank officials discuss economic cooperation

    Saudi Minister of Economy and Planning Faisal Alibrahim met on Thursday with World Bank Group President Ajay Banga. During the meeting, both sides discussed regional and global economic challenges and explored opportunities to enhance cooperation between Saudi Arabia and the World Bank.

  • Three things to know about Saudi Arabia’s first UNESCO site: Alula

    If you’ve visited Petra in Jordan, you’ll be a bit familiar with the history here, which dates back to the 6th century BCE. Set on the Incense Route, the wealth and goods that flowed from India and the Persian Gulf to Europe came right through this oasis. They built a sophisticated civilization. The various historic sites are spread out through the desert, linked by a series of newly paved roads. Arguably the two biggest historic attractions are the Old Town and Hegra.

  • Imagine Monet makes Middle East debut at Jeddah Season

    Imagine Monet, the largest interactive exhibition featuring 200 of the most recognized works by Claude Monet, is featured during the Jeddah Season from 28 June-28 July at the Jeddah Yacht Club.

  • Saudi Arabia Breaks Air Traffic Growth Record

    In the first half of 2024, the Kingdom experienced a 17% increase in passenger numbers, reaching a record-breaking 62 million travelers between January and June 2024. This surpasses pre-pandemic levels, demonstrating a strong recovery in air travel demand.

  • ‘‘Saudi youth are exploring new avenues of self-expression”

    In the heart of Saudi Arabia’s cultural transformation, audio serves as the soundtrack to change, weaving itself seamlessly into the fabric of everyday life. Whether through podcasts, audiobooks, or music streaming platforms, people consume audio seamlessly, integrating it into various aspects of their daily routines, from morning commutes to evening wind-downs. This is amplified now more than ever due to the abundant presence of smartphones, which provide instant access to unlimited audio content anytime, anywhere.

  • Riding the A.I. Wave, Saudi Arabia’s Sovereign Fund Continues Its Ambition in Silicon Valley

    If the Saudi government’s $40 billion A.I. fund with Andreessen Horowitz, which The New York Times reported in March might fall through, does come to fruition, it will be far more significant than typical amounts raised by U.S. venture capital firms and establish PIF as a major player in the fast-growing A.I. sector.

  • Saudi Arabia’s tourist expenditure hits $40bn in H1, says minister

    Tourist spending in Saudi Arabia reached approximately SR150 billion ($40 billion) in the first half of 2024, reflecting a 10 percent increase in both traveler numbers and expenditure compared to the same period the previous year, as revealed by a top minister.  At a conference convened to review the 2024 summer tourism program, the Kingdom’s Minister of Tourism Ahmed Al-Khateeb reiterated that his country will launch a tourist visa next month to attract more international visitors and bolster the sector’s growth.

  • Lilium strikes sales deal with Saudi Arabia for up to 100 eVTOL aircraft

    Lilium, an electric aviation company based in Germany, says it has secured a binding sales agreement for up to 100 electric vertical takeoff and landing (eVTOL) aircraft with Saudia Group, which operates the largest airline carrier in Saudi Arabia and is wholly owned by the Kingdom of Saudi Arabia. The agreement is a “firm order” for 50 Lilium jets, with an option to purchase up to 50 more, the company said. The deal follows a 2022 memorandum of understanding between Lilium and Saudia to explore ways in which battery-powered multi-rotor aircraft can address the region’s transportation challenges.

  • Saudi Consortium Secures $3.9 Billion Financing for Taiba-2 and Qassim-2 Power Projects, Advancing Saudi Arabia’s Energy Goals

    Aljomaih Energy & Water Company (AEC), in collaboration with Ajlan & Bros Group, Buhur for Investment Company, and the EDF Group, announced the successful financial close of the Taiba-2 and Qassim-2 Independent Power Plant (IPP) projects in Saudi Arabia, totaling 3.96 gigawatts (GW).

  • Saudi Arabia rejects, condemns Israeli security minister’s visit to Al-Aqsa Mosque compound

    Saudi Arabia condemned and rejected in the strongest terms on Thursday a visit made by Israel’s far-right national security minister to Jerusalem’s most sensitive holy site. Itamar Ben-Gvir, an ultranationalist settler leader, said he had gone up to the Jerusalem hilltop compound of Al-Aqsa Mosque to pray for the return of Israeli hostages on Thursday. The Kingdom’s Foreign Ministry also condemned an Israeli parliament vote to oppose a Palestinian state.