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  • Saudi’s Ceer Signs $2.18 billion Contract for the Supply of Hyundai Transys’ Advanced Electric Vehicle Drive Systems

    Ceer, Saudi Arabia’s first electric vehicle (EV) brand and original equipment manufacturer (OEM) announced in a statement that it has signed a SAR 8.2 billion (USD 2.18 billion) partnership with Hyundai Transys for the supply of innovative Electric Vehicle Drive Systems (EDS) for its vehicles.

  • Saudi Arabia falls to Jordan, ending 13-year World Cup qualification streak

    Saudi Arabia suffered their first defeat in nearly 13 years in home World Cup qualifiers after losing to Jordan in Riyadh on Tuesday. The Green Falcons finished second in Group G but still went through to the next round of qualifiers for the upcoming World and Asian cups. Jordan topped the group with 13 points, exactly the same as Saudi Arabia, but had a superior goal difference.

  • Saudi Aramco Needs To Balance Investor Needs Against Oil Prices

    Saudi Arabia’s oil giant Aramco looks caught between a rock and a hard place. It seeks to win over new investors, especially foreign ones, while at the same time – as the world’s top crude oil exporter and the biggest OPEC producer – not allowing oil prices to crash. Aramco has just priced its secondary share offering at the lower end of the previously set range, in a sign that it is now focused on winning over international investors.

  • Saudi crown prince receives Kuwaiti counterpart in Jeddah

    Saudi Arabia’s Crown Prince Mohammed bin Salman received on Tuesday in Jeddah his Kuwaiti counterpart Sheikh Sabah Khaled Al-Hamad Al-Sabah. The Kingdom’s host welcomed the Kuwaiti crown prince and wished him and his accompanying delegation a pleasant stay, the Saudi Press Agency reported. Sheikh Sabah Khaled expressed his happiness at visiting the Kingdom, and appreciation of the warm hospitality and gracious reception he and his delegation received.

  • Saudi Arabia sees 14% spike in remittances amid digital transformation

    Saudi Arabia saw a 14 percent annual increase in remittances by expatriates in April, with the total amount reaching SR11.35 billion ($3.03 billion), the latest data showed. Meanwhile, payments from Saudis, which constitute 30 percent of total personal transfers, saw a 30 percent increase during this period, totaling SR4.94 billion, according to the Saudi Central Bank, known as SAMA.

  • Blinken in Middle East pushes Gaza ceasefire deal

    US Secretary of State Antony Blinken has visited Cairo and Jerusalem as he attempts to build regional support for a draft Gaza peace deal recently unveiled by President Joe Biden.

    The top American diplomat met with foreign leaders, including Israeli Prime Minister Benjamin Netanyahu, on his eighth visit to the Middle East since the start of the war in Gaza.

  • Pregnant Princess Rajwa dressed by Saudi designer for Jordan’s Silver Jubilee

    Princess Rajwa Al Hussein – the wife of Crown Prince Al Hussein bin Abdullah II – seemingly paid homage to her home country of Saudi Arabia when she donned a gown by Saudi designer Honayda Serafi at King Abdullah’s Silver Jubilee celebrations.

  • Saudi mining sector fastest growing investment hub globally: Ministry

    Saudi Arabia's mining sector has experienced the fastest global growth rate in the development of a regulatory and fundamental environment to attract investments over the last five years (2018-2023), according to the Ministry of Industry and Mineral Resources.   The ministry stated that Saudi Arabia has made significant global progress in the assessment of investment risks in the mining sector, which was issued by Minehutte and Mining Journal.

  • China, Middle East Ties Accelerating

    China sources about 50% of its oil from the Middle East and North Africa region, and about a third of its natural gas. While China is not as highly dependent on the Middle East for its energy as, say, Japan or South Korea, the region is clearly vital to its future. The flip side is also true. For several Middle East states (including US allies), China is their number one export destination. They include Saudi Arabia, Iraq, Iran, and Qatar.

  • Johnson Controls Arabia to localize Japanese technology to support growing exports

    Johnson Controls Arabia, a joint venture company with Johnson Controls International — a US Fortune 500 company — and Al Salem Group of Companies, is not just a local player. It is a prime example of how Saudi companies aspire to expand beyond the Kingdom and substantially affect the global stage, demonstrating the country’s growing influence in the international business arena.