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  • Saudi Arabia’s SURJ Sports Investment ‘enters race’ for EuroLeague investment

    The outlet reports that shareholders in EuroLeague Commercial Assets, the parent company of the EuroLeague and second-tier EuroCup competition, are aiming to sell about a third of the business. It is said to be aiming to sell a minority stake at a €1 billion (US$1.11 billion) valuation. According to the FT, the group is working with investment bank LionTree on the sale process.

  • Saudi Arabia’s Boeing 777 road trip: Epic journey from Jeddah to Riyadh’s 2024 Runway

    The journey by road of three retired Boeing 777 aircraft of Saudi Arabian airlines (Saudia) from Jeddah to Riyadh has captivated people’s attention throughout Saudi Arabia as onlookers share the aircraft voyage through the deserts and mountains by posting videos and pictures on social media platforms. The Boeing aircraft, which will be displayed at the Riyadh Season 2024 Boulevard Runway zone covered about 1,000 kilometers, from Jeddah airport to Riyadh, on big trucks. The bodies of the planes were transported after their wings, fuselages and other functional components were taken apart.

  • IMG teams up with Alamiya Media for Saudi soccer production

    IMG, the sports marketing agency giant, has enlisted Alamiya Media, the Saudi-based production facilities company, to provide additional facilities and resource services for its coverage of domestic soccer’s Saudi Pro League (SPL) competition and Saudi Arabian Football Federation (SAFF) games. The partnership follows IMG’s recent appointment by the SPL and SAFF to deliver production services for matches across the top-tier Saudi league, Saudi Super Cup, and King’s Cup.

  • Christie’s to open new franchise in Saudi Arabia

    The renowned auction house Christie’s is expanding its presence in the Middle East by opening a franchise in Riyadh, led by managing director Nour Kelani. This will be Christie’s second outpost in the region, following the 2005 opening of Christie’s Dubai, which has had a significant impact on the promotion of Arab art and creativity, both contemporary and modern.

  • Industry Minister launches Rafed Program for university-based factories

    Bandar Alkhorayef, Minister of Industry and Mineral Resources, launched today, Sept. 16, the Rafed Program, which aims to establish innovative factories at universities and technical colleges across the Kingdom, the Saudi Press Agency reported.

  • Christie’s will become first global auction house to operate in Saudi Arabia

    Heading up the firm’s latest location is Nour Kelani, who has been appointed to the newly created role of managing director, Christie’s Saudi Arabia. Based in the capital Riyadh, she will lead Christie’s client services for the fine art and luxury secondary business to “build on long-established clientele in the Kingdom and engage with the next generation of collectors”, according to a release.

  • Saudi Aramco wants to be a major LNG gas player, gas chief says

    The world's largest oil producer, Saudi Aramco (2222.SE), opens new tab, wants to become a major liquefied natural gas player, the head of its natural gas business said on Tuesday. Saudi Aramco has taken the first steps to reach a goal of becoming a major LNG player, said Abdulkarim Al-Ghamdi, an Aramco executive vice president, at the GasTech energy conference in Houston. The Saudi oil giant last year acquired from EIG Global Energy Partners LLC a minority stake in MidOcean Energy for $500 million, its first foray into LNG abroad. This month, it increased its stake to 49%.

  • Hezbollah exploding pager trail runs from Taiwan to Hungary

    The detonation of thousands of pagers targeting Hezbollah in Lebanon has left a mysterious trail from Taiwan to Hungary, while raising the prospect of another full-scale war in the Middle East between the Iran-backed group and arch-foe Israel. Israel's Mossad spy agency, which has a long history of pulling off sophisticated attacks on foreign soil, planted explosives inside pagers imported by Hezbollah months before Tuesday's detonations that killed nine people, a senior Lebanese security source and another source told Reuters.

  • Hezbollah vows to punish Israel after pager explosions across Lebanon

    Militant group Hezbollah promised to retaliate against Israel after accusing it of detonating pagers across Lebanon on Tuesday, killing nine people and wounding nearly 3,000 others who included fighters and Iran's envoy to Beirut. Lebanese Information Minister Ziad Makary condemned the late-afternoon detonation of the pagers - handheld devices that Hezbollah and others in Lebanon use to send messages - as an "Israeli aggression". Hezbollah said Israel would receive "its fair punishment" for the blasts.

  • Middle East renewable energy investments to pass $75bn by 2030

    The Middle East is on course to take $75.63bn of investment in renewable energy projects through to 2030, according to a new report released by the Energy Industries Council. These investments involve 116 renewable energy projects, which are tracked by the EICDataStream database, and are forecast to come on stream between 2025 and 2030.