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  • FIA clears Ben Sulayem of Vegas, Saudi race interference

    FIA president Mohammed Ben Sulayem has been cleared of interfering in last year's Formula One races in Saudi Arabia and Las Vegas, the sport's governing body said on Wednesday after investigating whistleblower claims. The Emirati had faced whistleblower accusations he sought to prevent circuit approval ahead of the showcase Las Vegas Grand Prix and had allegedly interfered in the outcome of the Saudi Arabian Grand Prix in Jeddah.

  • Anghami Shares Jump 59% After Saudi Media Company MBC Group Stake

    Shares of Abu Dhabi-based music streaming company Anghami soared 59% on Wednesday (March 20) after an SEC filing showed media company MBC Group has taken a 13.7% stake in the company. Anghami rose as high as $1.79 before closing at $1.59. Trading volume spiked to 11.3 million shares, over 300 times its daily average.

  • Forward motion: The Saudi film industry is poised for an era of dynamic growth

    The film industry in Saudi Arabia is booming, with accumulative box office revenues hitting almost $1 billion since cinemas reopened in 2018. Cutting-edge cinemas are opening across the country while a number of studios cater to local and international productions. The burgeoning film industry in Saudi Arabia comprises cinemas, studios, festivals, commissions, and a dynamic production sector. And local films are resonating with audiences, becoming success stories.

  • Saudi Arabia is not abandoning upstream investment

    Saudi Arabia’s recent announcement of shelving plans to boost its oil production capacity to 13 million barrels per day (bpd) by 2027 and instead focusing on maintaining 12 million bpd caused a stir among energy news watchers. The knee-jerk reaction to the decision came in the form of questions surrounding the future of oil demand and how the Kingdom’s U-turn represents a win for all those advocating to “keep oil in the ground.” The reality of the situation is a lot more nuanced.

  • Saudi Re signs $36m in reinsurance contracts with Probitas

    Saudi Reinsurance Co. has signed reinsurance contracts with Probitas Corporate Capital Ltd, the ultimate holding company of the Probitas Group, with a duration of one year from January 1st, 2024.

  • RFEF searched in corruption probe of Spanish Super Cup’s Saudi Arabia deal

    The Spanish Football Federation’s (RFEF) decision to take the Spanish Super Cup to Saudi Arabia is back under the spotlight after police searched the national soccer governing body’s headquarters. Seven people have been arrested in a corruption probe over the multimillion-euro deal to relocate the tournament to the Gulf state. An apartment belonging to former RFEF president Luis Rubiales was also searched on 20th March.

  • Blinken meets with Saudi Crown Prince to discuss Gaza

    U.S. Secretary of State Antony Blinken on Thursday said he met with Saudi Crown Prince Mohammed bin Salman and the kingdom's Foreign Minister Prince Faisal bin Farhan to discuss the humanitarian crisis in Gaza and efforts to increase aid to Palestinians. Blinken began a tour of the Middle East on Wednesday.

  • On a controversy in Saudi-PGA Tour deal? Xander Schauffele needs 1 word

    “My dad told me a long time ago to commit, execute and accept,” he said. “I’m swallowing a heavy dose of acceptance right now, but that’s kind of what I did. I tried to commit, I executed poorly on some shots, and here I am, accepting it.”

  • Gaza’s entire population facing acute food insecurity, Blinken warns

    Gaza's two million people are experiencing "severe levels of acute food insecurity", US Secretary of State Antony Blinken has said. This was first time an entire population had been so classified, he said when questioned by the BBC about conditions in the territory. Mr Blinken called on Israel to prioritise providing for those in need. UN agencies have said north Gaza could face famine by May without a pause in the fighting and a surge in aid.

  • Lady Gaga stylist Nicola Formichetti Recruited by Saudi’s Film AlUla

    Fashion designer and creative director Nicola Formichetti, who has worked with Lady Gaga for over a decade, has been recruited by Saudi Arabia’s Film AlUla as mentor for its AlUla Creates initiative that is at the intersection of film and fashion. In his new role, the prolific Formichetti – who besides masterminding Lady Gaga’s instantly iconic meat dress has collaborated with Nicole Kidman, Bad Bunny and Olivia Rodrigo and created visual campaigns for global fashion houses such as Mugler, Diesel and Uniqlo – will “support the first wave of emerging Saudi design talent, as both the film and fashion pathways converge,” according to a statement.