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  • The Saudi Capital Market Continues to Set Annual Records in 2023.

    The Capital Market Authority (CMA) issued its 2023 annual report, highlighting significant leaps and record achievements in various regulatory and legislative aspects, as well as developmental and investment product areas. During the past year, CMA approved a new regulation and amended four other regulatory regulations, rules, and instructions. That year also saw the approval by the Council of Ministers of the Real Estate Contributions Law, all in the continuous effort to develop legislation and regulations governing the capital market, according to the annual report issued today.

  • Erdogan says Turkiye stands with Lebanon as tensions rise with Israel

    Cross-border strains between Israel and Lebanon’s Hezbollah have been escalating in recent weeks, stoking fears of an all-out Israel-Hezbollah war. Shelling across Israel’s northern border has led to the evacuation of tens of thousands of people from areas on both sides of the frontier.

  • Indian and Middle Eastern Carriers Boost Connectivity to Tap India’s Outbound Potential

    In an interview with Skift, low-cost carrier Akasa Air’s co-founder Praveen Iyer said that while expanding internationally, the airline received flying rights to Qatar, Saudi Arabia, and Kuwait. “Each of these countries are constrained for capacity, and are therefore interesting markets,” he said, adding that the traffic flows between India and the Middle East will only grow with each passing year.

  • Japan, Australia and Saudi Arabia grouped together in third round of Asian World Cup qualifying

    Japan, Australia and Saudi Arabia will face each other in the third round of Asia’s World Cup qualification for a third cycle in a row following Thursday’s draw in Kuala Lumpur. The three powerhouses, with 19 World Cup appearances between them, have been placed in Group C with Bahrain, China and Indonesia.

  • Saudi Aramco to Buy 10% Stake in Renault, Geely Auto JV

    Saudi Aramco is poised to take a stake of about 10% in a powertrain joint venture with Renault SA and China’s Zhejiang Geely Holding Group Co., according to people familiar with the plan, a smaller commitment than originally signaled by the world’s biggest oil company. The transaction is set to value Horse Powertrain Ltd. at around €7.4 billion ($7.9 billion) with Renault and Geely keeping roughly 45% each, the people said, asking not to be named before the agreement was finalized. An announcement could come by month’s end, the people said.

  • Top websites in Saudi Arabia from December 2022 to November 2023, by number of unique visitors

    Top websites in Saudi Arabia from December 2022 to November 2023, by number of unique visitors,

  • A Rare Bilingual Inscription Discovered in Saudi Arabia’s Tabuk Province

    The discovery is a component of the commission’s ongoing archaeological survey efforts throughout the Kingdom. The inscription is thought to have been written in the fifth century AD based on research on letter forms and their evolution. The inscription is a combination between the Thamudic script and early Arabic script, standing as a living proof of the continued use of the Thamudic script in the 5th century AD.

  • Damac Group invests $1 billion in data centers, eyes Saudi expansion

    Luxury conglomerate Damac Group is making a significant pivot towards the future with a $1 billion investment in data centers and a growing focus on artificial intelligence (AI). Recognizing the increasing demand for robust digital infrastructure, Damac is strategically expanding beyond its core real estate, hospitality, and property management businesses.

  • Climate change boosted deadly Saudi haj heat by 2.5 C, scientists say

    The heatwave in Saudi Arabia blamed for the deaths of 1,300 people on the haj pilgrimage this month was made worse by climate change, a team of European scientists said on Friday. Temperatures along the route from June 16 to 18 reached 47 degrees Celsius (117 degrees Fahrenheit) at times and exceeded 51.8 C at Mecca's Great Mosque. The heat would have been approximately 2.5 C (4.5 F) cooler without the influence of human-caused climate change, according to a weather attribution analysis, opens new tab by ClimaMeter.

  • Saudi Arabia launches e-visas for Esports World Cup attendees in Riyadh

    Saudi Arabia is set to issue electronic visas for attendees of the first Esports World Cup, which will commence in Riyadh on July 3, 2024. The move is a collaborative effort between the Esports World Cup Convention and the Saudi Ministries of Foreign Affairs and Tourism.