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  • Riyadh Season 2024: A guide to all the new and expanded areas this season

    Saudi Arabia’s General Entertainment (GEA) revealed the details of the fifth edition of Riyadh Season 2024, set to begin on October 12. The new season will feature 14 entertainment zones, 11 global championships, and 10 exhibitions and festivals. It is set to take place over an area exceeding 7.2 million square meters, GEA Chairman Turki Al Al-Sheikh said in a statement carried by the Saudi Press Agency (SPA). A total of 4,200 contracts with 2,100 companies, 95 percent of which are local, the chairman noted.

  • Saudi banks’ T-bond investments fall to SAR 561.3B in July

    Saudi banks’ investments in treasury bonds declined by about SAR 1.9 billion month-on-month (MoM) to SAR 561.3 billion in July, data from the Saudi Central Bank (SAMA) showed.

  • Israel kills a top militant in its deadliest West Bank raids since the Gaza war began

    Israel says the raids across the northern West Bank — which have killed a total of 16 people, nearly all militants, since late Tuesday — are aimed at preventing attacks. The Palestinians see them as a widening of the war in Gaza and an effort to perpetuate Israel’s decades-long military rule over the territory.

  • How to reach Saudi Arabia’s Gen Z, a generation on the ascent

    The Saudi economy is increasingly powered by consumer spending. The country’s GDP per capita, at approximately $70,000, is already above that of many Western countries, such as Germany, Australia and the U.K. And retail sales in the country are projected to be on a steady upward trajectory for the next few years. Willing to spend and optimistic about their prospects, young Saudis are up to twice as likely to opt for higher-priced brands and retailers compared to their peers in advanced economies, according to a recent McKinsey report.

  • Israel, Hamas set three-day pauses in fighting for Gaza polio shots, WHO says

    Israel's military and Palestinian militant group Hamas have agreed to three separate, zoned three-day pauses in fighting in Gaza to allow for the first round of vaccination of 640,000 children against polio, a senior WHO official said on Thursday. The vaccination campaign is due to start on Sunday, with the pauses scheduled to take place between 6 a.m. and 3 p.m. (0300-1200 GMT), said Rik Peeperkorn, the World Health Organization's senior official for the Palestinian territories.

  • Saudi Environment Ministry launches aquaponics investment opportunity in Jubail

    The Saudi Ministry of Environment, Water and Agriculture has offered a new opportunity for investors to establish a fish farm using aquaponics technology through the Furas Platform, the Saudi Press Agency reported. Through the project, the ministry aims to produce fish and plants in a total area of 40,000 sq. meters in Jubail Governorate.

  • Saudi Arabia draws the line: No political agendas at hajj

    Saudi Arabia announced a ban on "misuse of the annual pilgrimage of Hajj for political or sectarian purposes," stressing that no one will be allowed entry to the country for "acts that disturb public security and law and order." According to draft regulations released by the Saudi Ministry of Hajj and Umrah, pilgrims are forbidden from bringing any prohibited items, such as pictures, books, flags, slogans, political publications, or other banned materials, into Saudi Arabia, according to the Saudi Gazette.

  • Have Saudis Fallen Out of Love with Top American QSR Chains?

    According to Mingora’s Food Panel 2024 data of top 30 KSA QSRs, Saudi brands outnumber American by 15 to 13. Outside of the top 30, local brands dominate the SAR 66.6bn (USD 17.7bn) Saudi fast-food market. Back in 2004, only 5 or 6 Saudi chains would show up in top 30. Large Saudi chains such as Maestro Pizza, Burgerizzr, Shawarmer and Sultan Delight Burger either didn’t even exit at that time or had barely a few stores.

  • Saudi Announces Hajj 2025 Guidelines Including Updated Vaccine Requirements

    As per recent advisories, only those in good health and physically fit will be allowed to go on the pilgrimage. People with serious medical issues, such as kidney, heart, lung, or liver diseases, cancer, dementia, or infectious diseases like tuberculosis, won’t be able to travel.

  • Saudi Arabia’s Hades Financial readies $750m for India investment

    The Riyadh-based group, which manages assets worth $6.1 billion, will deploy the new funds over the next three years. About $400 million from the new allocation will flow into homegrown companies, mostly those ripe for a public flotation within three years, said Mohammed Abrar Asif, co-chief executive officer at Hades, in a recent interview with Nikkei Asia.