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Regional HQ Executives to get Premium Residency Under New Government Scheme to Boost Investment
Saudi Arabia’s Ministry of Investment has developed a mechanism to grant premium residency to executives who base their company’s regional headquarters in the Kingdom, according to reports, in a bid to boost the business environment in the Kingdom and attract more foreign investment.
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Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy
Saudi Aramco, the world’s largest oil-exporting company, has signed a $500 million agreement to buy a minority stake in liquefied natural gas (LNG) company MidOcean Energy. This is Aramco’s first investment in LNG and is part of the company’s efforts to diversify its activity beyond its core oil business. The strategic partnership enables Aramco to tap into […]
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KSA Climbs to 16th in World Competitiveness Ranking
Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.
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Nusuk pilgrim card launched
With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.
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Saudi Arabia Condemns Two Deadly “Terrorist” Explosions in Iran; Islamic State Claims Responsibility
Saudi Arabia has condemned two deadly explosions in Iran at a ceremonial procession that killed and injured hundreds and put the region on edge. The explosions struck minutes apart on Wednesday, shaking the city of Kerman, about 820 kilometers southeast of the capital, Tehran.
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Shares of oil and gas driller ADES Holding Climbed Almost 30% above its listing price on its market debut in Riyadh
Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month, according to Reuters.
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As Tourism Sector in Saudi Arabia Soars, Officials Revise Upward Visitor Goals
As the tourism sector continues to outperform in Saudi Arabia, Saudi Arabia’s top officials are revising upward its visitor goals from previously targeted levels which were once considered by some to be unachievable when originally set forth.
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The 966 Episode #131, How growing Saudi sports participation is impacting Saudi fashion, with Reiting Lee, Founder, The Oriental Hybrid
Reiting Lee, fashion strategy consultant and experienced brand specialist joins The 966 and host Richard Wilson for a fascinating Episode #131 to discuss how booming Saudi sports participation is impacting the fashion sector, particularly sportswear and athleisure.
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10th Saudi Film Festival Underway
The 10th Saudi Film Festival runs May 2-9 at the King Abdulaziz Center for World Culture (Ithra) in Dhahran. Debuting in 2008 this year’s edition has two main themes: Indian cinema and sci-fi films.
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Secretary Blinken to Visit Saudi Arabia on Regional Diplomatic Tour to Contain Regional Spread of Violence
U.S. Secretary of State Antony J. Blinken will travel to the Middle East region this week to “discuss urgent mechanisms to stem violence, calm rhetoric, and reduce regional tensions,” according to a press release from the State Department. The State Department said that Blinken will visit Istanbul, Türkiye; Crete, Greece; Amman, Jordan; Doha, Qatar; Abu Dhabi, the […]
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French, Saudi officials meet in Paris to advance AlUla development initiative
The AlUla Committee, a joint initiative established under an intergovernmental agreement signed in April 2018, is the coordinating body for a range of ambitious projects being carried out by the Kingdom and France. The projects focus on cultural preservation, tourism enhancement, economic growth, and environmental sustainability in Saudi Arabia’s AlUla region. The committee’s mandate includes overseeing the implementation and monitoring of the comprehensive 2018 accord, aimed at fostering broad-based progress in the area.
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Saudi Arabia Seeks to Balance Relations with Iran and Israel
The first signs of a thaw came in March 2023, when Iran and Saudi Arabia restored diplomatic relations after more than seven years following a surprise Chinese-brokered agreement. But it was Israel's invasion of Gaza in October 2023 -- soon after the U.S.- and EU-designated Palestinian terrorist group Hamas carried out an unprecedented attack on Israel -- that gave real impetus to Iran-Saudi rapprochement efforts. Since the war erupted, Iran and Israel have traded direct aerial attacks for the first time. The tit-for-tat assaults have brought the region to the brink of a full-blown conflict. Saudi Arabia is "concerned that these escalating tensions between Israel and Iran could spiral out of control and lead to a broader regional conflict that may impact their interests," said Hamidreza Azizi, fellow at the German Institute for International and Security Affairs.
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Trump inherits new region as Iran, Saudi Arabia eye closer ties
Iran and Saudi Arabia are stepping up their pace of engagement. Over the past week, the Kingdom has sent a high-ranking military delegation to Tehran for talks on potential collaboration. Meanwhile, Saudi Crown Prince Mohammed bin Salman (MbS) has directly engaged with Iran’s president, vice president, and foreign minister. However, the dialogue has yet to result in the economic dividends some in Iran anticipated from normalization with Saudi Arabia. Moreover, questions linger about how the regional chessboard may change when Donald Trump returns to the White House in January.
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Trump Will Encounter a Very Different Middle East in His Second Term
Hamas’s attack on Israel on Oct. 7, 2023, was one of those moments that divides history into “before” and “after.” In the attack, Hamas massacred civilians in Israel and took others back to Gaza as hostages. As my colleague Steven Erlanger wrote just two weeks later, the assaults shattered longstanding assumptions about the Israeli-Palestinian conflict, ushering in a period of violent uncertainty.
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Céline Dion performs two of her classic hits at Elie Saab fashion show in Saudi Arabia
On Nov. 13, she performed in Saudi Arabia at 1001 Seasons of Elie Saab, a fashion show celebrating the Lebanese designer’s 45-year career. Céline sang her 1993 classic “The Power of Love,” as well as her 2002 song “I’m Alive.” The show was livestreamed and archived on YouTube. According to the U.K. paper The Standard, the appearance marked Céline’s first-ever performance in Saudi Arabia. According to the paper, Céline said on the red carpet ahead of the show, “Being here for the first time is kind of a dream come true, and Monsieur Elie Saab and his entourage and his beautiful family has welcomed us here. … I’ve been wearing his dresses, his talent for many, many years.”
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Infection, prevention and control excellence in the Kingdom of Saudi Arabia: reducing central line-associated bloodstream infections
In 2021, the Kingdom of Saudi Arabia (Saudi Arabia) faced a significant public health challenge: Central line-associated bloodstream infections (CLABSI) were alarmingly prevalent, particularly in adult intensive care units (ICUs). Through a comprehensive initiative led by the Ministry of Health and involving facility managers and clinicians Saudi Arabia has seen a reduction of 48.8% in the occurrence of CLABSI compared to 2021.
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Saudi’s evolving consumer landscape and how AI can help
In Saudi Arabia, a fascinating shift is under way in consumer behaviour as the country experiences rapid development and transformation. To better understand consumer trends in Saudi Arabia, Google conducted research in partnership with Ipsos and performed an internal analysis. The findings were presented at Google’s Accelerate Saudi event earlier this year.
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Saudi Arabia opens the GCC’s first Dark Sky Park to boost astrotourism
TheAlUla Manara and AlGharameel Nature Reserves officially named as Saudi Arabia’s and GCC’s first-ever Dark Sky Park. Royal Commission for AlUla (RCU) is dedicated to sharing the stunning beauty and deep history of AlUla with the world. By carefully curating experiences that cater to a wide array of interests, RCU ensures that AlUla is a destination poised to astonish every visitor, regardless of their journey’s purpose. The RCU’s efforts to showcase the stunning beauty and rich history of this region have paid off, with the “AlUla Lighthouse” and “Al Gharamil Reserve” recognized as the “First Certified Dark Sky Reserve in the Kingdom and the Gulf” by the “International Dark-Sky Association” (IDA) that is dedicated to eliminating the light pollution in both rural and urban areas.
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Saudi-based company to build largest pet food factory in Middle East
Delicious Food Factory (DFF), based in Jeddah, Saudi Arabia, announced it will construct what it said is the largest pet food factory in the Middle East. The new facility, spanning a total area of 55,000 square meters (592,015 square feet), will have a production capacity of 60,000 tons of dry food and 40,000 tons of wet food annually. Being built north of Riyadh, Saudi Arabia, the factory is expected to be completed by late 2026.
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BlackRock Gets Abu Dhabi License Weeks After Nod for Saudi HQ
BlackRock Inc. received a commercial license to operate in Abu Dhabi, the latest sign that the asset manager is looking to deepen its ties across the region. BlackRock received approval from Saudi Arabia last month to set up its regional headquarters in Riyadh. The $11.5 trillion asset manager has been intensifying its efforts to grow in the kingdom and earlier this year announced it would get as much as $5 billion from the Public Investment Fund to invest in the Middle East and build a Riyadh-based investments team.
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