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  • Italy’s Saipem wins two contracts worth $1 bln in Saudi Arabia

    Italian energy engineering group Saipem (SPMI.MI), opens new tab said on Tuesday it won two offshore contracts in Saudi Arabia worth around $1 billion in total, under an existing long term agreement with oil giant Saudi Aramco (2222.SE), opens new tab. The two contracts involve the engineering, procurement, construction and installation of infrastructure, including subsea pipelines, at the Marjan oil and gas field and the Zuluf and Safaniyah oil fields, Saipem said.

  • The Saudi Artists Breathing New Life into Jeddah’s Oldest Neighborhood

    Most of the buildings here date back between 200 and 300 years, when Al-Balad was the main entry point for Muslim travelers arriving by sea on their pilgrimage to Mecca. In recent years the district has hosted Ramadan-related events, the Red Sea International Film Festival, and the Balad Beast EDM festival. Three heritage houses, each more than 100 years old and named for the family that formerly lived in them, have been converted into small boutique hotels, the first of their kind in Al-Balad.

  • LIV Golf will open its fourth season in Riyadh

    LIV Golf, the circuit bankrolled by the Public Investment Fund of Saudi Arabia, will kick off its 2025 season by playing in the country's capital city, Riyadh, for the first time. The tournament, scheduled for Feb. 6-8, will be held at Riyadh Golf Club. Currently in its third season, LIV Golf has played three events in Saudi Arabia, all at Royal Greens Golf & Country Club near Jeddah. The tour's announcement Tuesday revealed the first four sites of the 2025 season.

  • Saudi wealth fund raises $2bn to support mega-projects

    The Public Investment Fund has raised $2 billion through a combination of sukuk (Islamic bond) and green bond offerings to support its mega-project pipeline. The Saudi wealth fund issued $1.5 billion in three-year sukuk and $500 million in green notes maturing in October 2032, Reuters said, citing a bank document. PIF has tapped into the global bond market for the fourth time this year.

  • Tabby plans to go public on Saudi market in 2026

    Fintech services provider Tabby plans offer shares to the public in Saudi Arabia in late 2025 or 2026, General Manager Abdulaziz Saja told Argaam on the sidelines of the 24 Fintech Conference.

  • Saudi Arabia slams Israeli statements regarding Philadelphi Corridor

    The Ministry of Foreign Affairs expressed the Kingdom’s strong condemnation and denunciation of the Israeli statements regarding the Philadelphi Corridor, and the futile attempts to justify the continued Israeli violations of international laws and norms. In a statement carried by the Saudi Press Agency, the ministry vowed its solidarity and support for Egypt in the face of these Israeli allegations.

  • US charges Hamas leaders over Oct. 7 attack on Israel

    The United States announced criminal charges on Tuesday against Hamas' top leaders over their roles in planning, supporting and perpetrating the deadly Oct. 7 attack in southern Israel. The charges against Yahya Sinwar, the militant group's chief, and at least five others accuse them of orchestrating the Oct. 7 attack, which killed 1,200 people, including more than 40 Americans. That attack triggered an Israeli assault on Gaza that has killed more than 40,800 Palestinians and laid waste to much of the territory.

  • UN officials welcome progress in Gaza polio campaign, call for permanent ceasefire

    The main United Nations agency for Palestinians said on Wednesday it was making good progress in rolling out a polio vaccine to children in Gaza, but called for a permanent ceasefire in the 11-month war to ease humanitarian suffering. UNRWA said that three days into the campaign in areas of central Gaza around 187,000 children have received the vaccine. The campaign will move to other areas of the enclave in the second stage.

  • Opinion: Saudi marriages outside the clan have a profound effect on the Kingdom’s society

    To westerners, marriages in the Muslim world are commonly perceived to be “arranged”, but that is a slight mischaracterisation because in a truly arranged marriage, the prospective husband and wife have zero input into the decision. In countries such as Saudi Arabia, a more accurate description is “family-mediated” or “family-facilitated” nuptials.

  • Asia and the Middle East Lead the Skyscraper Race

    Saudi Arabia is planning to build a two-kilometer-high skyscraper on a site north of the capital city of Riyadh. If completed, it will be the world’s highest building. According to architecture and design magazine Dezeen, UK studio Foster + Partners is the primary architecture firm on the proposal. As it stands, the Burj Khalifa is the tallest building worldwide at 828 meters (2,717ft). Based in Dubai, the UAE, the 163-stored building was completed in 2010. In second place comes the Merdeka 118 in Kuala Lumpur, Malaysia at 679 m (2,227 ft), followed by the Shanghai Tower in Shanghai, China at 632 m (2,073 ft)