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Bloomberg Report: Meeting Held Today at White House to Discuss Potential for U.S.-Saudi 123 Agreement
Trump Administration officials are reportedly meeting at the White House today to discuss details of a potential nuclear cooperation agreement with Saudi Arabia, known as a 123 Agreement, according to two administration officials quoted in Bloomberg. Section 123 of the U.S. Atomic Energy Act requires the conclusion of a peaceful nuclear cooperation agreement for significant transfers of nuclear material, equipment, […]
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Former President of Yemen Ali Abdullah Saleh Killed by Houthi Allies in Major Turning Point
In a major turn in the ongoing civil war in Yemen, former President Ali Abdullah Saleh has reportedly been killed in fighting against his former allies in the three-year old war, the Iran-aligned Houthi militia. Clashes broke out between fighters allied with the armed Houthi militia and those in Saleh’s General Peoples Congress over the […]
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Saudi Arabia to Issue First Individual Tourist Visas in 2018, Prince Sultan bin Salman Says
Saudi Arabia plans to issue its first individual tourist visas next year as the Kingdom looks to expand tourism and leisure as part of its ambitious Vision 2030 economic and social reform plans. The confirmation came through comments made by Prince Sultan bin Salman, head of the Saudi tourism and national heritage commission, to CNNMoney’s Richard Quest. Visas […]
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With Regional Turmoil and Domestic Changes, Resolution of Qatar Crisis Slips in Priority for Saudi Arabia
The emergence of new foreign policy and domestic challenges for Saudi Arabia in recent weeks have taken precedent over resolving the Arab-led embargo of Qatar, according to Saudi Arabia’s leaders, as the United States reportedly has stepped in to support the Kingdom now elsewhere in the region. Exactly one month ago, Secretary of State Rex […]
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Media Conglomerate Saudi Research and Marketing Group Acquires Stake in Argaam Financial News Service
The Saudi Research and Marketing Group (SRMG) has acquired a controlling stake in the Argaam Investment and Trading Company, which publishes an online financial news service Argaam.com, according to reports. SRMG Chairman Prince Badr bin Abdullah Al-Saud said the acquisition “will help pave the way to a “brighter future” for the digital content industry in […]
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New Archeological Discoveries in Tabuk, Saudi Arabia Date Back to Stone Age
New rock and animal drawings and other archeological discoveries were unearthed in the Tabuk region of Saudi Arabia by experts from France and the Kingdom, according to reports. Operating under the supervision of the Saudi Commission for Tourism and National Heritage (SCTH), teams discovered a large number of tools, engravings and architectural units in three […]
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Saudi Arabia to Award Nuclear Reactor Contract by End of 2018; U.S. Set to Miss Out
Saudi Arabia plans to award a construction contract for its first nuclear reactors by the end of 2018, a senior government official said on Tuesday as reported in Reuters. “With sponsorship from the highest levels in the state, the contract will be signed by the end of 2018,” Maher al Odan, the chief atomic energy […]
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U.S. Approves Possible Sale of THAAD Missile Defense System to Saudi Arabia with Massive $15b Price Tag
The United States has given preliminary approval for the sale of a Terminal High Altitude Area Defense (THAAD) missile defense system to Saudi Arabia with a price tag of $15 billion, according to reports and a statement by the U.S. Defense Security Cooperation Agency (DSCA). The announcement, made on the heels of Saudi Arabia’s King Salman […]
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Saudi-Russia Ties Strengthen as King Salman Visits around Russia Energy Week
Saudi-Russia ties continue to warm ahead of King Salman’s visit as the Kingdom looks to expand bi-lateral investment opportunities, according to reports. Saudi Arabia and Russia are the two biggest energy players, producing almost a quarter of the world’s oil between them. As the de facto leader of OPEC, Saudi Arabia has forged a working […]
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Saudi Arabia to Get New Bankruptcy Law Next Year, Al-Qassabi Says
Saudi Arabia will begin implementing a new bankruptcy law early next year as part of efforts to attract foreign investment and encourage private sector activity, Reuters reports, citing Saudi-owned broadcaster Al Arabiya which aired comments from Minister of Commerce and Investment Dr. Majed Al-Qassabi. “(The) bankruptcy law has been passed to the Shura Council and […]
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Saudi Arabia tops Arab cement producers, ranks 10th globally: Alkhorayef
Saudi Arabia ranks first in the Arab world and tenth globally in cement production, with an annual output capacity exceeding 80 million tons from 20 domestic factories, according to Minister of Industry and Mineral Resources Bandar Alkhorayef, as reported by the Saudi Press Agency (SPA).
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Atlético Madrid stadium rights bought by Saudi state airline
Saudi Arabia has consolidated its branding push with Atlético Madrid by paying for naming rights to the Spanish club's stadium for the next nine years. Atlético, which has been sponsored by Saudi state-owned Riyadh Air since last season, confirmed on Wednesday that its Metropolitano stadium will be known as the Riyadh Air Metropolitano henceforth until 2033. Atlético did not say how much it was receiving for the new agreement "which makes the Saudi Arabian company the most important sponsor in the club's history."
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Inside Saudi Arabia’s Remarkable Logistics Transformation
The 2024 Agility Emerging Markets Logistics Index continues to rank Saudi Arabia highly across several key metrics and demonstrates the impact of the agenda set forth by Saudi Vision 2030. The country ranks sixth for ‘international opportunities’ in the logistics sector, up three places from 2023. When it comes to ‘business fundamentals’ and ‘digital readiness’, it ranks third and sixth respectively, showing how well the Kingdom matches up in the context of global logistics. Meanwhile, Saudi Arabia has risen 17 places in the World Bank's Logistics Performance Index and is set to host the Global Logistics Forum in Riyadh later this month, reflecting its growing status as a leader in the field.
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Saudi q-commerce Nana acquires Rasseed app
Founded in 2016 by Abdulmajeed Alsukhan and Sami Alhelwah, Nana is a digital grocery shopping platform dedicated to fulfilling daily, weekly, and monthly household grocery needs. Meanwhile, Rasseed, founded in Saudi Arabia in 2016, is focused on providing software solutions to simplify the purchase of branded and local gift cards.
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Saudi Arabia, Japan are the safest and least crime countries among G20
A recent statistic for the Global Crime Index for 2023 showed that Saudi Arabia and Japan topped the list of the safest and least crime countries in the G20, as the Kingdom came in second place in the list of the safest countries, with a rate of 75.3, reflecting the success of ongoing efforts to enhance security and stability in the country, and reliance on strict legal systems and advanced technologies to monitor security, in addition to community programs aimed at enhancing safety and preventing crime.
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Saudi Arabia’s e-commerce market set to surge to $69.33 billion in 2025
Saudi Arabia’s e-commerce sector is on track for substantial growth, with revenues projected to hit SR260 billion (approximately $69.33 billion) by 2025, according to Commerce Minister Dr. Majed Al-Qasabi. During a visit to the Al-Baha region, the minister emphasized the increasing momentum in online shopping, noting that over 50 million e-commerce shipments entered the kingdom in 2023 alone.
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A Region Aflame – October 7 A Year Later
You could say Hamas as a military organization is shattered compared to what it was a year ago, but I think Israel wants to ensure that not only are they not a threat today, but they will also never be a threat. That's an exceptionally difficult bar, right? I don't actually know how you do that on a practical level. In Gaza, Israel seems to want to eradicate or destroy Hamas, but not do what the United States would say is necessary, which would be a mix of having lots of troops there so you can keep Hamas down and at the same time putting in place some sort of political structure that replaces Hamas.
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Saudi Arabia narrowly fails to win seat on U.N. Human Rights Council
Saudi Arabia narrowly failed on Wednesday to win a seat on the United Nations Human Rights Council, a blow to Riyadh's efforts to boost the country's rights reputation abroad and four years after it was rejected in a 2020 bid to join the 47-member body. Saudi Arabia is spending billions to transform its global image from a country known for strict religious restrictions and human rights abuses into a tourism and entertainment hub under a plan its Crown Prince Mohammed Bin Salman launched, known as Vision 2030. The Asia-Pacific group, which included Saudi Arabia, was the only competitive race on Wednesday with six candidates vying for five seats. Marshall Islands came in fifth with 124 votes, while Saudi Arabia missed out with 117 votes.
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New ‘Dragon Ball’ game is boost for Saudi theme park
Manga fans are eagerly awaiting the launch on Friday of the latest “Dragon Ball” video game, the first since the death in March of Akira Toriyama, the legendary Japanese artist who created the series 40 years ago. Among them are leisure chiefs at Qiddiya, the entertainment and tourism project being built near Riyadh, who revealed plans this year for a massive “Dragon Ball” theme park. The Saudi “Dragon Ball” attraction, the Kingdom’s first theme park, will cover more than half a million square meters with at least 30 rides, including a roller coaster inside a dragon modeled on Shenron, a wish-giving dragon that features in the franchise.
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Saudi crown prince meets with Iranian foreign minister in Riyadh
Saudi Crown Prince Mohammed bin Salman received the Iranian Foreign Minister Abbas Araghchi in Riyadh on Wednesday. During the meeting, Saudi-Iranian relations and the latest regional developments were discussed, Saudi Press Agency reported. The meeting was also attended by Saudi officials including Foreign Minister Prince Faisal bin Farhan who received Aragchi separately, earlier on Wednesday.
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