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  • What is Islamic State, the group implicated in Germany stabbing?

    Islamic State has described the 26-year-old Syrian man taken into custody after a stabbing rampage in the western German city of Solingen as a "soldier" of the group. Though largely crushed by a U.S.-led coalition several years ago, IS has managed some major attacks while seeking to rebuild. They include an assault on a Russian concert hall in March that killed at least 143 people and two explosions in the Iranian city of Kerman in January that killed nearly 100 people.

  • Saudi perfume maker sets IPO price guidance

    Al Majed for Oud Company, a Riyadh-based perfume and oud products manufacturer, has set the price range for its initial public offering (IPO) between SAR90 and SAR94 ($23.99-$25.05) per share. The institutional book-building period started on Sunday and will end on August 29. The company is floating 30 percent of its capital, or 7.5 million shares, on the Saudi stock exchange.

  • Saudi Arabia, US working on ‘history making agreement:’ US ambassador in Riyadh

    “We are now working with the Saudi government and Saudi companies in areas that we would not have imagined in the past, for example, space exploration for commercial purposes,” the US ambassador said. “The Kingdom has huge ambitions in the commercial space, and we as companies want to be there with them.”

  • Healthy eating doesn’t have to be boring, says Saudi Instagram star

    Bakur Tamim, a Saudi food influencer with over 300,000 Instagram followers, is shaking up the way we think about healthy eating. The Jeddah-based culinary wizard is known for whipping up delicious, low-calorie meals that are as visually stunning as they are nutritious, giving his audience alternatives to bland salads and tasteless protein shakes.

  • The Rise of Saudi Arabia’s Oil Empire

    Saudi Aramco, originally founded as the California-Arabian Standard Oil Company in the 1930s, began its journey after oil was discovered in the Eastern Province of Saudi Arabia. The company was established through a partnership between Saudi Arabia and Standard Oil of California (now Chevron). Over the decades, it grew from a regional enterprise into the world’s largest oil producer, pivotal in the development of Saudi Arabia's economy and its global economic influence.

  • Inaugural Esports World Cup signs off with historic closing ceremony

    Over the course of eight consecutive weeks, the EWC hosted 1,500 athletes and over 200 clubs, with a record-breaking $60m prize pool up for grabs across 22 tournaments and 21 titles. The ceremony concluded the biggest weekend in esports history, which also featured the 2024 Esports Awards and 2024 New Global Sport Conference.

  • Saudi Arabia launches Phase I of Riyadh Parking Project

    Phase I of the project is to create and manage over 24,000 public parking spaces in public and commercial streets, in addition to the management of more than 140,000 parking spaces in nearby residential neighborhoods. The phase will cover 12 areas distributed across the Al-Wurud, Ar Rahmaniyyah, West Olaya, Al-Murooj, King Fahd, and Al-Sulaimaniyah districts, in addition to four other areas in the southern neighborhoods of Riyadh.

  • BlackRock partners with Saudi Arabia to develop kingdom’s property finance market

    “We look forward to partnering with the Saudi Real Estate Refinance Company to advance mortgage securitisation and other capital markets solutions,” a BlackRock representative told The National. “SRC and BlackRock share the objective of enabling and unlocking institutional capital in this growing, high quality fixed income asset class.” The new deal comes after BlackRock announced a partnership with PIF in April to open a multi-class investment firm in Riyadh, anchored by an initial investment mandate of up to $5 billion from the Saudi wealth fund, to drive further growth of the kingdom's capital markets and attract more investment.

  • Here Are the People Who Lost Millions Backing Musk’s Twitter Takeover

    Elon Musk took Twitter private in 2022, but he didn’t do it alone: the deal was backed by his wealthy allies in Silicon Valley, embattled hip-hop mogul Sean “Diddy” Combs, and holding companies based in Saudi Arabia and Qatar, according to a court document ordered unsealed by federal judge on Tuesday, which were first seen by the public late Wednesday night.

  • Saudi father’s simple post on social media goes viral

    Abdulkarim Al-Kazraj, a respected author and passionate advocate for social and cultural issues, recently took to X to share a poignant moment from his family’s life. What began as a simple post to mark his daughter Laura’s first day of middle school quickly went viral, capturing the hearts of thousands and sparking meaningful conversations across the nation. Al-Kazraj’s post featured a side-by-side photo comparison of Laura on her first day of school in 2018 and her first day of middle school in 2024.