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  • Saudi Arabia launches loan guarantees for SMEs to stimulate investment in environmental projects

    Minister of Environment, Water and Agriculture Eng. Abdulrahman Al-Fadley witnessed on Sunday the signing of an agreement between the Environment Fund and the Small and Medium Enterprises Loan Guarantee Program (Kafalah) to launch a loan guarantee product to support environmental projects in the Kingdom. The agreement seeks to provide guarantees for credit facilities provided to small and medium-sized enterprises (SMEs), contributing to stimulating investment in the environmental sector. This agreement coincides with the launch of the Incentives and Grants Program Platform to support environmental projects in the Kingdom.

  • Crown Prince launches Saudi Architecture Characters Map to celebrate Kingdom’s architectural heritage

    The Saudi Architecture Characters Map highlights 19 architectural styles inspired by geographical, natural and cultural characteristics, derived from urban and historical studies of building traditions passed down through generations. As chairman of the Supreme Committee for Saudi Architectural Design Guidelines, the Crown Prince emphasized that Saudi Architecture reflects the cultural and geographical diversity of the Kingdom. He further highlighted the importance of sustainable urban planning that harmonizes with the local environment while integrating traditional architectural elements into modern designs.

  • Experts react: Trump just ordered major strikes against the Houthis. What does this mean for Yemen, Iran, and beyond?

    “We will use overwhelming lethal force.” That’s how US President Donald Trump described a campaign of airstrikes he launched Saturday in Yemen against the Houthis. The Iran-backed militia has been disrupting international shipping in the Red Sea since October 2023, and has continued to operate despite previous rounds of US and allied airstrikes. How exactly is the second Trump administration executing its largest military campaign yet? What will the impact be on the region? And what does this signal about Trump’s approach to Iran? Our experts responded in force with the answers.

  • Saudi Arabia unveils plans for Global T20 League with $500M investment

    Saudi Arabia is set to launch a groundbreaking global Twenty20 league, backed by its $1 trillion sovereign wealth fund. Spearheaded by Australian cricket figure Neil Maxwell, the ambitious project aims to transform the sport by introducing a traveling eight-team league modeled after tennis’s Grand Slams. Financed by Saudi Arabia’s SRJ Sports Investments, the league is expected to host matches in four different locations throughout the year. Discussions with the International Cricket Council (ICC) are already underway, with sources indicating that Saudi Arabia is prepared to invest $500 million in the venture.

  • Saudi Arabia records 23,865 violations in nationwide residency and labor law inspections

    The Ministry of Interior conducted inspection campaigns across Saudi Arabia between March 6 and March 12 to ensure compliance with residency, labor, and border security laws. A total of 23,865 violations were recorded, including 16,644 related to residency, 3,896 to border security, and 3,325 to labor laws. Authorities intercepted 1,432 individuals attempting to cross into the Kingdom illegally, of whom 29% were Yemenis, 67% Ethiopians, and 4% from other nationalities.  Additionally, 97 people were arrested for attempting to leave the Kingdom illegally. Thirteen individuals involved in transporting, sheltering, and employing violators were also arrested.

  • US ends Iraq’s Iran electricity waiver, stoking crisis and opportunity

    The Donald Trump administration has declined to renew a sanctions waiver for Iraq's electricity imports from Iran, raising the spectre of a power crisis in Baghdad. Part of Trump’s "maximum pressure" policy towards the Islamic Republic—and with the Iraqi banking sector also seemingly in Washington’s crosshairs—the move has stoked fears that the fallout could reverse Iraq’s delicate economic and security gains, particularly in an election year.

  • Saudi crown prince congratulates Mark Carney on confirmation as Canada PM

    Saudi Arabia's Crown Prince Mohammed bin Salman congratulated Mark Carney on Friday, on the occasion of the formation of the new government headed by him and his taking the constitutional oath as Prime Minister of Canada, the Saudi Press Agency reported. The crown prince expressed his best wishes for success and guidance to Carney and for the friendly people of Canada further progress and prosperity, SPA added. Ex-central banker Carney succeeded Justin Trudeau as Canadian premier, following the latter’s announcement of his resignation in January.

  • Trump’s Middle East Policy and Its Impact on Saudi Arabia

    Trump’s renewal of the maximum pressure campaign could lead to rising tensions in the Gulf after a brief period of relative stability. The Saudis remember the fallout from Trump’s first campaign: On May 12, 2019, Iran attacked four ships off the Emirati Fujairah port; two of them were Saudi oil tankers. The escalating attacks culminated on Sept. 14, just nine days before Saudi National Day, when 18 drones and several cruise missiles were launched against the Abqaiq oil-processing facility – the largest in the world – and the Khurais oil field and processing plant. These attacks briefly disrupted more than half of Saudi oil production and 5% of global oil output.

  • Why Saudi cash hasn’t been able to turn Newcastle into a soccer superpower

    Unlike Abu Dhabi-backed Manchester City, which has dominated English soccer over the past decade, and Qatari-backed Paris Saint-Germain, which has done likewise in France, it has been a slower burn for Newcastle, which hopes to end its trophy drought on Sunday when it faces Liverpool in the English League Cup final at Wembley. That is largely because these are different times and having mega-wealthy owners today does not give teams the freedom to spend as exorbitantly as they once did. Financial Fair Play (FFP) regulations essentially ensure teams can spend only in relation to what they earn.

  • Inside the ‘camouflaged’ Desert Rock Resort: Saudi Red Sea destination draws global tourists at $3,200 per night

    Saudi Arabia‘s Red Sea Global’s newest ultra-luxury offering, Desert Rock Resort, has quickly established itself as a global draw since its December 15 opening, with its striking carved-into-mountain design capturing attention across social media platforms. The resort has attracted visitors from China, Eastern Europe and East Asia within its first three months of operation, despite premium pricing of SAR8,000-12,000 ($2,133-$3,200) per night. “Our first guest was a Chinese guest,” revealed Thomas Combescot, General Manager at Red Sea Global Hospitality. What distinguishes Desert Rock within Saudi Arabia’s rapidly expanding hospitality landscape is its architectural approach. Unlike most luxury resorts that showcase their presence, Desert Rock deliberately blends with its environment.