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  • Iran’s presidential election dominated by Khamenei loyalists

    Iranians choose a president on Friday in a tightly controlled election following Ebrahim Raisi's death in a helicopter crash last month, with the outcome expected to influence the succession to Ayatollah Ali Khamenei, Iran's top decision-maker. With Iran's supreme leader now 85, it is likely that the next president will be closely involved in the eventual process of choosing a successor to Khamenei, who has ensured candidates sharing his hardline views dominate the presidential contest.

  • Several tourism firms issued wrong visas to illegal Hajj pilgrims: Saudi ministry

    Several tourism companies in different countries issued unauthorized visas for visitors to Saudi Arabia and encouraged them to perform Hajj illegally, the spokesperson for the Kingdom’s Ministry of Interior told Al Arabiya on Monday. Colonel Talal al-Shalhoub said some tourism firms had encouraged their customers to travel to Mecca two months before the Hajj season began to circumvent Saudi regulations.

  • Kuwait Finance House Explores Bid for Stake in Saudi Investment Bank

    Kuwait Finance House KSCP has been exploring the purchase of a significant stake in Saudi Investment Bank as dealmaking activity heats up in the Middle East, according to people familiar with the matter. The Kuwaiti lender has been studying a potential investment to help bolster its regional presence, the people said, asking not to be identified as the information is private. Shares of Saudi Investment Bank jumped as much as 4.9% in Riyadh trading Tuesday. They were up 0.2% at 1:23 p.m. local time, giving the company a market value of about $4.3 billion.

  • Saudi Minister of Defense Arrives in Beijing on Official Visit

    The Saudi Minister met with China's Minister of National Defense, Admiral Dong Jun where discussions explored ways to strengthen the Saudi-Chinese relations within the framework of the strategic defense partnership.

  • Saudi Arabia launches Geographical Survey Project for Renewable Energy Sites

    Minister of energy said in a statement that this project, which is a part of the National Renewable Energy Program, is globally unprecedented in terms of geographical coverage. He noted that the project will include all regions of the Kingdom by surveying over 850,000 square kilometers, excluding populated areas, sand dune areas, and airspace restrictions. He clarified that this area is equivalent to the land area of entire countries, such as approximately the areas of the United Kingdom and France combined, or Germany and Spain combined. He indicated that no other country in the world has previously conducted a geographic survey of this sort on such an area scale.

  • Saudi Arabia Set to Become World’s Biggest Construction Market

    Saudi Arabia is set to become the world’s largest construction market as the kingdom pours vast amounts of money into projects aimed at overhauling and diversifying the economy, according to real estate consultancy group Knight Frank. The country’s total construction output value is forecast to reach $181.5 billion by the end of 2028, up almost 30% from 2023 levels, the London-based firm said in a research report published Monday.

  • From Saudi Arabia to 105 countries — the incredible story of a modern nomad

    As a child, Nasser Al-Sadhan would spend hours watching documentaries on countries such as New Zealand and India, fascinated by the diverse landscapes and cultures depicted on the screen. As an adult, Al-Sadhan has been able to turn his childhood fantasies into reality by visiting these countries. Each step he takes in these unfamiliar territories brings back memories of the wonder and amazement he felt as a child. Al-Sadhan is not your average traveler. The 35-year-old, born and raised in Riyadh, has backpacked to an astounding 105 countries, each journey leaving a mark on his soul.

  • Saudi milling company Arabian Mills plans to list 30% stake in IPO, CMA says

    Saudi Arabia's Arabian Mills for Food Products is planning to list 15.4 million shares equal to a 30% stake on its local bourse, according to a statement by the Saudi capital markets authority (CMA) on Monday.
    Saudi regulator CMA said it had approved the firm's public listing application, adding Arabian Mills would publish the IPO prospectus "within sufficient time prior to the start of the subscription period."

  • Saudi Arabia’s Vision 2030 is ‘more than halfway’ done, investment minister says

    Saudi Arabia's Minister of Investment, Khalid Al Falih, has told an event in London that the kingdom's development plan is on its way to implementation and ahead of schedule. “We're more than halfway through the implementation of Vision 2030, and I'm glad to report that we're ahead of schedule on all aspects of the implementation,” he told the UK-Saudi Sustainable Infrastructure Summit. Vision 2030, Saudi Arabia's plan to transform the country from heavy reliance on oil and gas revenue to a technologically-advanced economy powered by renewable energy through a series of giga-projects involving trillion of dollars.

  • Is This The Beginning Of A Reconciliation Between The U.S. And Saudi Arabia?

    The signing of a 20-year deal for the U.S.’s NextDecade Corporation to sell liquefied natural gas (LNG) to Saudi Arabia’s flagship company, Aramco, could have a significance way beyond the confines of the energy market.The signing of a 20-year deal for the U.S.’s NextDecade Corporation to sell liquefied natural gas (LNG) to Saudi Arabia’s flagship company, Aramco, could have a significance way beyond the confines of the energy market.