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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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United States Breaks Ground on New Embassy Compound on 27.5-Acre Site in Riyadh
The United States has officially broken ground on its new embassy project in Saudi Arabia’s capital Riyadh, a sprawling new building blending traditional and modern architecture on a 27.5 acre site. When completed, it will be the largest embassy in Riyadh.
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Wamda: MENA Startups Raised $95 Million in July 2023, a Bounce-Back from June’s Total but Deal Volume Falls
Startups in the Middle East and North Africa region (MENA) raised $95 million across 31 deals in July 2023, a slight dip from the $105 million recorded in the same month last year, according to Wamda, the leading website tracking the development of the startup ecosystem in the region.
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Saudi Arabia’s SEVEN Breaks Ground on BUJV, a $347 Million Entertainment Project in Madinah
Saudi Entertainment Ventures (SEVEN), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced its construction work on BUJV, its new entertainment destination in Madina, according to a report in Construction Week Online and a press release from SEVEN.
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The MENA region gets hotter as a global heat wave hits 3 continents, the Islamic New Year, Saudi Arabia outranks the US in expat survey and much more…
Episode 95! The hosts discuss some of the biggest storylines and topics on Saudi Arabia this week. First, Richard’s One Big Thing this week, the Islamic new year. Muslims around the world observe and celebrate the Islamic New Year, also called the Hijri New Year, which marks the beginning of a new lunar Hijri year. […]
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Non-Oil Business Activity in Saudi Arabia Surged in June 2023 as Tourism, Construction Sectors Lift Economy
Non-oil business activity in Saudi Arabia surged in June supported by strength in construction and tourism, a survey showed.
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Airbus, Saudi Company Scopa Group Agree to $6.7 Billion Helicopter Pact as Paris Air Show Kicks Off
Airbus SE has signed an investment agreement worth more than 25 billion riyals ($6.7 billion) to build military and civilian helicopters in Saudi Arabia with a local defense company called Scopa Group, Bloomberg reports.
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Saudi Center for Commercial Arbitration CEO Dr. Hamed Merah joins The 966, LIV Golf in DC and much more…
The 966 talks about the state of business dispute resolution in Saudi Arabia with the CEO of the Saudi Center for Commercial Arbitration, Dr. Hamed Merah, who joins from Riyadh. The 966 talks with Dr. Merah about the SCCA’s rise as a leading dispute resolution body in the region and increasingly, globally. As Saudi Arabia […]
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‘Salmani’ Architecture, VIA Riyadh opens, rainfall record shattered in Saudi Arabia and much more…
Episode 87! The hosts explore overlapping topics in Salmani architecture and an evolving Riyadh city under King Salman for decades. Kicking things off, Richard’s One Big Thing is the rise of Salmani Architecture – a term the hosts have come across in recent months that is important in understanding the current and new face of […]
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Aster DM Gulf unit explores $250m Saudi expansion
The UAE-based hospital chain Aster DM Healthcare’s Gulf unit is exploring acquisitions worth $250 million to expand its presence in Saudi Arabia. The deals will focus on medical centres and hospitals, Bloomberg reported, quoting Alisha Moopen, managing director and group CEO of Aster’s Gulf Cooperation Council unit. These deals will be finalised in the next three to five years, she said.
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Commentary: Nasrallah’s death is a wake-up call for the Arab world
This pattern of inaction extends beyond Hezbollah. In the broader Arab world, there is a growing awareness that Iran’s promises of “resistance” have only deepened regional instability, resulting in endless cycles of conflict and devastation, particularly in Lebanon, Syria and Yemen. Nasrallah’s incendiary speeches painted a picture of eventual triumph over Israel, but on the ground Hezbollah’s actions yielded little progress in the Palestinian cause, only further isolating Lebanon in its perpetual state of conflict.
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Saudi executes 198 in 2024, most in over 30 years: AFP
The latest tally surpassed its previous highs of 196 in 2022 and 192 in 1995, according to the London-based human rights group, which began recording the annual data in 1990. The 198 executions this year compare with 170 in 2023, according to tallies compiled by AFP from official media reports.
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Commentary: A view from Israel – Pezeshkian’s Israel stance could undermine his domestic priorities and nuclear diplomacy
Masoud Pezeshkian’s victory in Iran’s July presidential elections gained little attention or enthusiasm in Israel. The elections took place amid the Israel-Hamas war in Gaza following the Hamas-led attack on Israel on 7 October attack last year. It is Israel’s longest war. Israel has also been involved in a simultaneous war against Hezbollah, which started after the latter’s unilateral attack on 8 October and has escalated significantly in recent weeks. These conflicts, coupled with the ongoing hostage crisis, have taken up most of the news cycle in Israel.
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GCC airports in expansion race as UAE, Saudi, Qatar, Kuwait, Oman spend billions of dollars on upgrades
Even until the mid-1990s, most airlines viewed the Middle East airports as nothing more than technical stops. What started with Dubai’s ambitions to become the world’s largest travel hub with the launch of Emirates Airline in 1985, has now spread across the Middle East. Countries want to take advantage of their strategic location and capture a bigger share of the long-haul market.
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Hezbollah says it is ready for any Israeli land invasion in Lebanon
Hezbollah fighters are ready to confront any Israeli ground invasion of Lebanon, the group's, deputy leader Naim Qassem said on Monday in his first public address since Israel killed its chief Hassan Nasrallah last week. Israel will not achieve its goals, he said. "We will face any possibility and we are ready if the Israelis decide to enter by land and the resistance forces are ready for a ground engagement," he said in an address from an undisclosed location.
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Saudi Arabia secures funds for 5.5GW solar projects
The developers of solar power projects worth SAR12 billion ($3.2 billion) with a combined output of 5.5 gigawatts (GW) in Saudi Arabia have secured financing for their projects. Saudi-listed Acwa Power, Water and Electricity Holding Co (Badeel), a Public Investment Fund (PIF)-owned company, and Saudi Aramco Power Co (Sapco), a wholly-owned subsidiary of energy major Aramco, have reached financial close for the Haden, Muwayh and Al Khushaybi projects.
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Iran condemns killing of Nasrallah, but avoids vow of revenge
Israel’s assassination of Hezbollah chief Hassan Nasrallah has been widely condemned in Iran. Supreme Leader Ayatollah Ali Khamenei has charged that the ‘Axis of Resistance’ will intensify attacks on Israel, but stopped short of vowing any direct revenge by the Islamic Republic. This comes as some Iranians are calling for a review of nuclear policy, arguing that a nuclear deterrent is necessary to stave off an attack by Israel.
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Social media influencers go dark on TikTok after promoting futuristic Saudi megacity
At least five influencers who had been posting videos from Neom, the multiyear project launched by Crown Prince Mohammed bin Salman to build a high-tech megacity, have either closed their social media accounts or gone private after one video faced a wave of mockery on social media. A handful of smaller accounts within this small community of Neom-based content creators remain active, with their videos still viewable.
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Saudi Arabia urges G20 nations to address Israel’s violations and support Palestinian statehood
Saudi Arabia has called on G20 countries to intensify joint efforts to address the international community's failure in confronting Israel’s serious violations of international laws and norms. The Kingdom emphasized the need for a ceasefire and a path toward the establishment of an independent Palestinian state. Saudi Foreign Minister Prince Faisal bin Farhan made the remarks on Wednesday during the second meeting of the G20 Foreign Ministers, chaired by Brazil, on the sidelines of the 79th session of the United Nations General Assembly in New York.
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