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  • Kremlin backtracks from comments on Saudi BRICS membership

    The Kremlin rowed back on Tuesday from earlier comments describing Saudi Arabia as a member of the BRICS group of countries, and left open the question of whether the kingdom would be represented at a BRICS summit in Russia next week. Saudi Arabia has been invited to join BRICS but has not yet formally done so. Last week, however, Kremlin aide Yuri Ushakov described it as a BRICS member and said its foreign minister would attend the summit in the Russian city of Kazan.

  • Saudi Arabia’s inflation rate inches up to 1.7% in September

    Saudi Arabia's annual inflation rate edged up to 1.7% in September, from 1.6% in August, government data showed on Tuesday, with increases in housing rents the main driver once again. Overall housing rents rose by 11.2% in September, according to the General Authority for Statistics, driving up prices for the combined Housing, Water, Electricity, Gas and Other Fuels category which jumped 9.3%. Rental price hikes have been the key driver of inflation in Saudi Arabia for much of this year.

  • US OKs Sale of 220 Sidewinder Missiles to Saudi Arabia

    The US has approved the $251.8-million sale of AIM-9X Block II Sidewinder Missiles and related support to the Kingdom of Saudi Arabia.  The deal includes 220 Raytheon AIM-9X Block II Sidewinder Tactical Missiles, missile containers, support equipment, spares, missile software, training, and related technical assistance and program support.

  • Saudi Aramco Sponsorship of HackHarvard Sparks Criticism

    “It’s very ironic that Aramco is sponsoring and one of the tracks is sustainability. Come on HackHarvard. Do a better job,” said Sami Nourji, a junior at Brown University. Aramco recruiter Kira Worysz, who spoke at the opening ceremony, defended Aramco’s involvement in the event in an interview. “We’re in the business of getting oil out of the ground and bringing it to the world, but at its root, we’re a technology company,” Worysz said.

  • Ericsson and KACST Partner to Launch Advanced 5G Gaming Lab in Saudi Arabia

    Ericsson and King Abdulaziz City for Science and Technology (KACST) in Riyadh, Kingdom of Saudi Arabia announce their partnership to establish a joint advanced connectivity lab for gaming and beyond at KACST’s premises, named as “Blink Lab”. The lab will feature a private 5G network and serve as a testbed for training, research, product development and commercialization of innovative gaming solutions from from global and local ecosystems.

  • Saudi Civil Defense warns of thunderstorms until Friday

    The General Directorate of Civil Defense has issued a warning that there will be thunderstorms in several regions of Saudi Arabia until Friday. The Makkah region is expected to experience moderate to heavy rainfall, accompanied by flash floods, hail and strong winds, the Saudi Press Agency reported on Monday. Taif, Maysan, Adham and Al-Ardiyat are particularly at risk, while Turabah may have light rainfall.

  • Saudi Arabia to appoint private operators to manage 4 airports soon, says Al-Falih

    “The government is moving away from direct business involvement. Empowering and enabling the private sector is essential,” Al-Falih stated. He highlighted that the Madinah airport, the Kingdom’s most efficient, is managed by a private operator under a long-term concession, while King Abdullah Port, built with no government capital expenditure, is also privately operated.

  • Saudi Arabia to invest $267bn in logistics to become global hub by 2030: minister

    Speaking at the inaugural Global Logistics Forum 2024, which began on Oct. 13 in Riyadh, Saudi Minister of Transport and Logistics Services Saleh bin Nasser Al-Jasser said SR200 billion of the total amount has already been deployed.  “These investments have translated into leapfrogs in the Saudi logistics sector, leading us to rise in global rankings, jumping 17 ranks in the Logistics Performance Index issued by the World Bank and 14 places in the Global Connectivity Index of the International Air Transport Association,” he said.

  • Saudi Arabia Participates in G7 Ministerial Meeting in Italy on Global Health Issues

    The Kingdom of Saudi Arabia has participated in the G7 Health Ministers' Meeting held in Ancona, Italy, following an invitation from the Group of Seven (G7). The meeting focused on several pressing global health issues, including antimicrobial resistance (AMR), the impact of climate change on health, and efforts to prolong human life, all aimed at strengthening international collaboration to tackle these critical challenges.

  • Foreign investors eye Saudi transport, logistics sector: Al-Falih

    He emphasized the sector’s importance due to its influence on other industries like manufacturing, agriculture, travel, tourism, and IT. Investors, especially those with large capital, are particularly keen on the transport and logistics sector. The Saudi government is stepping back from business operations, Al-Falih pointed out, highlighting the necessity of transferring sectors to the private sector. The most efficient airports and ports are run by private operators. The privatization process, including four airports, will continue in the coming months, the minister concluded