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Iran’s Government Proposes Three Locations for Meeting of Foreign Ministers; Riyadh Reportedly Invites President to Visit
The Iranian government has proposed to Saudi Arabia three locations for a meeting of foreign ministers, according to Iran’s foreign minister, as the two countries move forward with re-establishing ties.
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Saudi Arabia Records 31 Percent Rise in Government Revenues in 2022 – MOF
Saudi Arabia recorded a 31 percent rise in government revenues to reach SR1.26 trillion ($335.6 billion) in 2022, the Ministry of Finance said on Thursday.
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Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Makes Surprise Visit to Ukraine, Signs Deals
Saudi Arabia’s foreign minister Prince Faisal bin Farhan Al-Saud made a surprise visit to Ukraine’s capital, Kiev, and met with Ukraine’s President Volodymyr Zelenskiy, his chief of staff Andriy Yermak, his Ukrainian counterpart Dmytro Kuleba, and others.
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Lydia Ko Wins 2023 Aramco Saudi Ladies International with One Shot Victory at Royal Greens
Lydia Ko fired a final round of 68 (-4) to win the 2023 Aramco Saudi Ladies International presented by Public Investment Fund by one stroke.
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FDI Inflows into Saudi Arabia Soar in 3Q 2022; MISA Says Investment Licenses Granted Up Over 50%
Saudi Arabia saw more positive economic news this week, as Foreign direct investment (FDI) inflows into the Kingdom rose 10.7% in the third quarter of 2022 over the same period a year earlier. Figures from the investment ministry showed FDI inflows totaled 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, up from 6.5 billion riyals […]
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Saudi Arabia’s PIF Remains 6th Largest SWF Globally, Latest Data Show
Saudi Arabia’s Public Investment Fund (PIF) now has assets worth $607.42 billion and is the 6th largest sovereign wealth fund in the world, according to latest data from the Sovereign Wealth Fund Institute.
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Real estate in Saudi Arabia, Riyadh’s $22.5 BILLION metro, and the Ronaldo-Messi-Mbappe game
In episode 72 of The 966, the Riyadh Metro project, the game-changing public transportation project in Saudi Arabia’s capital, “will be opened soon.” A discussion on the hot real estate market in Riyadh and across Saudi Arabia. Then, to kick off the program’s “Yallah!” segment, the hosts spend some time talking about the Dakar Rally, […]
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Saudi Arabia’s Ma’aden Forms JV with the Public Investment Fund (PIF) to Invest in Mining Assets Abroad
Saudi Arabia will establish a firm to invest in mining assets internationally, according to reports.
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Soccer Superstar Captain Cristiano Ronaldo Joins Saudi Club Al-Nassr
Portugal captain Cristiano Ronaldo has joined Saudi Arabian club Al Nassr on a 2-1/2 year contract, the club announced on Friday, after leaving Manchester United disgruntled with ownership and manager Erik ten Hag to become a free agent ahead of the World Cup.
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Green Riyadh Project Launches as Authorities Eye Ambitious ‘Giga’ Tree-Planting Initiatives
Authorities in Saudi Arabia’s capital Riyadh launched the Green Riyadh project, one of four giga-projects for the city and region: an ambitious tree-planting strategy to “greenify” many parts of the Kingdom’s largest city, according to a report from the Saudi Gazette.
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Delta Air Lines and Saudia Airlines enter into new codeshare agreement
As further evidence of the importance of US carriers establishing and expanding travel options to the Middle East, Atlanta-based Delta Air Lines has announced the signing of a new codeshare agreement with Saudia Airlines, the national carrier of the Kingdom of Saudi Arabia. The agreement, which remains subject to regulatory approval, builds on the existing interline agreement between the two companies.
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Together Iran and Israel are destroying Biden’s Middle East policy
Ironically, the principal threat to this US imperative has come from Israel rather than Iran. In the week following the October 7 attacks, Israeli Defence Minister Yoav Gallant began pressing for a major offensive against Hezbollah. Mr Biden pressured Israeli Prime Minister Benjamin Netanyahu to reject these demands and focus on Hamas. A similar scenario was repeated at least twice.
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Architecture in the First Saudi State
Architecture in the First Saudi State is the architectural designs in the provinces of the First Saudi State, founded by Imam Mohammed Bin Saud in 1727, with ad-Dir'iyyah as its capital, preserved a unique character. This architectural style reflects the societal bonds of the Saudi State. The architecture of that period was characterized by its durability and distinctive external lines, utilizing materials such as mud, adobe, stones, wood, tamarisk, and palm trunks in houses, as well as beams of forts and castles.
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Saudi Arabia updates regulations for temporary work visas for Hajj and Umrah services
These changes, approved by the Saudi Cabinet in its session on Tuesday, will aim to provide more flexibility for the private sector, allowing businesses to better align visa needs with labor market demands and contribute to creating a more attractive work environment, SPA added. One of the updates is the renaming of the seasonal work visa to the “temporary work visa for Hajj and Umrah services,” and extending the grace period for these visas from Shaban 15 until the end of Muharram (around Feb. 14 to July 25).
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Palestinian Life in the West Bank, East Jerusalem After Oct. 7
For the past decade, Palestinians living in the West Bank and East Jerusalem have rated their lives between 5.0 and 5.5 out of 10. In 2023, in the weeks before Oct. 7, they rated their lives at a 5.5, which is as positive as they have been since Gallup began measuring life evaluations there in 2006. Today, almost a year later, Palestinians’ evaluations of their current lives have dropped by nearly 1 point to 4.6, the lowest average in almost two decades.
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517 int’l companies licensed to open regional HQs in Saudi Arabia
As many as 517 international companies were so far granted licenses to open their regional headquarters (HQs) in Saudi Arabia, Ministry of Investment said in its 2025 pre-budget statement. This came thanks to the efforts made under the National Investment Strategy (NIS), the minister noted. This surpassed the target to have regional HQs of 500 international companies by 2030, it further stated.
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First Look At Neom-Shot 1990s-Set Saudi Bedouin Drama ‘Hobal’
Saudi director Abdulaziz Alshlahei’s upcoming feature Hobal, about a Bedouin family living in isolation in the desert because its patriarch believes the end of the world is near, has unveiled first look images. The drama is Alshlahei’s third feature and collaboration with writer Mufarrij Almajfel after Zero Distance and The Tambour of Retribution which was Saudi Arabia’s Best International Feature Film Entry for the 94th Academy Awards in 2021.
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Saudi Arabia’s FM calls on world to publicly support Palestinian statehood
The Global Alliance for the Implementation of the two-state solution was unveiled during Prince Faisal bin Farhan’s speech at a meeting on the sidelines of last week’s UN General Assembly in New York that included the Arab League, the Organization of Islamic Cooperation (OIC) and Norway. “Self-determination is an inalienable right that the Palestinian people not only deserve but are entitled to. Our diplomats have worked tirelessly alongside others to secure recognition of Palestine as a sovereign state globally,” Prince Faisal wrote in the op-ed.
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Saudi poultry producer gets nod to sell 30% stake in IPO
Arabian Company for Agricultural and Industrial Investment (Entaj), a Riyadh-based poultry producer, has received the green light from the Saudi market regulator to list shares on the main market (Tasi). The company will float 9 million shares through an initial public offering (IPO), representing 30 percent of the total issued share capital.
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PGA Tour commissioner and Saudi fund governor paired at pro-am event in Scotland
Three weeks after PGA Tour commissioner Jay Monahan met with Saudi Arabia’s financial backer of LIV Golf, they will be together again this week in Scotland, this time inside the ropes. Monahan and Yasir Al-Rumayyan, the governor of the Public Investment Fund that supports the PGA Tour’s rival league, are playing together in the Dunhill Links Championship on the European tour. The tournament starts Thursday.
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