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  • Schindler wins The Avenues – Riyadh project, Saudi Arabia

    Schindler Olayan will provide a total of 293 elevators, escalators, and moving walks to the new multi-purpose project The Avenues – Riyadh in the Saudi Arabian capital, which will cover an area of over 1.8 million square meters. Situated in a prime location in the north of Riyadh, The Avenues – Riyadh will, once completed, be home to the largest commercial mall in the Middle East – which alone will cover an area of 388,000 square meters – and comprise five multi-purpose towers that will house hotels, residential apartments, and offices.

  • Saudi Crown Prince, South African President Discuss Bilateral Ties

    Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud held a phone call on Monday with South African President Cyril Ramaphosa to congratulate him for being re-elected, the Saudi Press Agency reported. The two sides also discussed relations and ways to strengthen and develop them in various fields, SPA said. They also reviewed a number of topics of mutual interest, it added.

  • US Lifts Ban on Offensive Weapons Sales to Saudi Arabia

    Since the truce, “there has not been a single Saudi airstrike into Yemen and cross-border fire from Yemen into Saudi Arabia has largely stopped,” Patel said. “The Saudis since that time have met their end of the deal, and we are prepared to meet ours,” Patel said.

  • OPEC sees the world needing a little less oil than it thought

    Economic uncertainty in China is having a crude effect on the global energy outlook. OPEC’s latest monthly oil market report says that it now expects the world to use up 2.1 million barrels of oil a day more than it did last year, instead of the 2.2 million barrels per day it had forecasted.

  • French embrace of Moroccan autonomy plan underscores broader shift on Western Sahara dispute

    After decades of negotiating, under the aegis of the UN, a range of possible solutions to the territorial dispute — which pits Morocco against the Polisario Front, a liberation movement supported by Algeria — Morocco began pushing its own preferred outcome. Rabat’s plan for autonomy under Moroccan sovereignty surfaced in 2007, and absent other viable avenues to ensure self-determination, the autonomy plan had garnered support but not flat-out endorsement from the United States and Europe.

  • The IMF, CPEC, and Pakistan: Will the Chinese save Islamabad yet again?

    The China-Pakistan Economic Corridor (CPEC), once heralded as a “game-changer,” has almost disappeared from the spotlight in recent years in Pakistan. The multibillion-dollar project aims to connect China's northwestern region of Xinjiang with Pakistan's Gwadar Port on the Arabian Sea through a network of highways, railways, and pipelines, offering strategic dividends to China and an economic lifeline to Pakistan. In recent years, the project has faced slow implementation, unpaid loans, corruption, and a dire security situation in Pakistan.

  • Djibouti dodges scrutiny despite China, Iran, Houthi ties and links to illicit activities

    The Bab el-Mandeb Strait, which connects the Indian Ocean and the Red Sea through the Gulf of Aden, is a crucial chokepoint for global maritime commerce. It handles as much as 20% of international trade, 12% of seaborne oil trade, and 8% of liquefied natural gas shipments. Despite the strait’s importance, the waters around it have long been plied by smugglers of weapons and other illicit goods, dating back as far as the late 1800s, when the French took control of what is now Djibouti.

  • As US ramps up Gaza ceasefire efforts, Iran signals it may hold off retaliation

    A day after the United States, Egypt and Qatar said they would convene last-ditch Gaza ceasefire talks between Israel and Hamas on August 15, Iran signaled that it may be willing to delay its anticipated retaliation for the assassination of a Hamas leader in Tehran late last month so as not to interfere with that effort.

  • Saudi Arabia unveils updated investment law to facilitate foreign investors

    The updated law promises enhanced protections for investors, including adherence to the rule of law, fair treatment, and property rights, while ensuring robust safeguards for intellectual property and facilitating smooth fund transfers.  It streamlines the registration process, replacing complex licensing requirements with a simpler system, and introduces new service centers to expedite government transactions and investment procedures.

  • Saudi swimmer Zaid Al Sarraj reflects on ‘surreal’ Olympic debut

    At just 16 years old, Zaid Al Sarraj was the youngest member of Saudi Arabia’s Olympic team for the 2024 Games. As a wildcard entry in the 100-meter freestyle swimming, Al Sarraj’s involvement in Paris was always designed to be a learning experience; the teenager certainly appeared unfazed by the responsibility of representing his country in the world’s biggest sporting showcase.