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  • China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus

    China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since late September, but markets are waiting for more details on the size of the package and a clearer road map to put the economy back on a solid longer-term footing.

  • At BRICS summit, Russia to push to end dollar dominance

    Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts the group's leaders at a summit next week. President Vladimir Putin is keen to build up BRICS - which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa - as a powerful counterweight to the West in global politics and trade.

  • World Bank predicts strong economic growth for UAE and Saudi Arabia in 2025

    Saudi Arabia’s economy is projected to remain resilient, with GDP expected to grow by 1.6% this year and accelerate to 4.9% in 2025. Inflation in Saudi Arabia is anticipated to remain stable at 2.1% in 2024 and rise slightly to 2.3% in 2025. Both figures are below the Gulf Cooperation Council (GCC) average, forecasted at 2.2% in 2024 and 2.7% in 2025.

  • Swizz Beatz’s guide to AlUla, Saudi Arabia

    "My relationship with AlUla is like seeing a seed planted in the ground and watching a beautiful flower grow," says Dean, who was among the first invited to watch the construction of the city's massive Maraya performance venue – a mirror-clad behemoth rising out of the desert sands – and eco-friendly luxury accommodation resorts like Our Habitas. "Seeing the vision coming to life in front of my eyes has been magical to watch."

  • Nadal-Alcaraz and Djokovic-Sinner are the Six Kings Slam exhibition matches in Saudi Arabia

    Rafael Nadal starts his pre-retirement farewell tour against Carlos Alcaraz on Thursday at the Six Kings Slam, and Novak Djokovic faces Jannik Sinner at an exhibition event that awards money but no ATP ranking points and is Saudi Arabia’s latest foray into tennis. Riyadh will host the WTA Finals next month to open a three-year deal as the kingdom continues to invest in various sports, despite concerns about LGBTQ+ and women’s rights there raised by Hall of Famers Chris Evert and Martina Navratilova and others.

  • Khashoggi death: Saudi ambassador reveals new details

    Speaking to host Anne McElvoy, the kingdom’s top diplomat in London described the death and dismemberment of Khashoggi as “an awful crime — a stain on our country, not just the government but every Saudi out there,” while firmly denying any complicity by the powerful Saudi monarch.  “A group of people did something pretty horrible,” he told McElvoy. “But this is not what we do. We’ve never done that. There are others in the region who do a lot of that, including Israel.”

  • Saudi Arabia to raise localization rates in 4 health professions effective from April 17, 2025

    This will initially apply to all hospitals and other health facilities in major cities of Riyadh, Makkah, Madinah, Jeddah, Dammam, and Al-Khobar, as well as to large health facilities in other regions, and this will be effective six months after announcement of the decision, from April 17 next year. The second phase will begin one year after the announcement of the decision, effective from October 17, 2025 when Saudization rates will extend to cover all health facilities nationwide.

  • Saudis urge US to suspend weapons to Israel until Gaza aid resumes

    Saudi Arabia’s ambassador to Britain has urged the United States government to deliver on its threat to suspend weapons supplies to Israel unless more humanitarian aid is allowed into Gaza within the next 30 days. In a strongly worded letter to Israel made public this week, Washington issued an ultimatum, warning that restrictions could be imposed on future support for the country unless the growing humanitarian crisis in Gaza is addressed. Speaking to POLITICO’s “Power Play” podcast, Prince Khalid bin Bandar Al Saud said Joe Biden’s administration now had to keep its word, adding: “We have to assume that the Americans mean what they say; it would be a terrible world if they didn’t.

  • Saudi Arabia to localize 4 healthcare jobs

    The Ministry of Human Resources and Social Development, in partnership with the Ministry of Health, decided to raise the Saudization rates for four healthcare jobs in the private sector. These include radiology (65%), medical laboratories (70%), clinical nutrition (80%), and physical therapy (80%).

  • Saudi Arabia plants over 95 million trees since launch of green initiative

    Since the 2021 launch of the Saudi Green Initiative, Saudi Arabia has planted over 95 million trees through the National Afforestation Program and partnerships with government, private sector, and non-profit organizations. These efforts have also rehabilitated over 118,000 hectares of degraded land and protected 4.3 million hectares currently under restoration.