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  • Energy Minister: Saudi Arabia continues work on building first nuclear power plant

    Minister of Energy Prince Abdulaziz bin Salman said that Saudi Arabia continues work on building its first nuclear power plant. He also revealed that Riyadh will host International Conference on Nuclear Emergencies by the end of 2025. Addressing the 68th Session of the General Conference of International Atomic Energy Agency (IAEA) in the Austrian capital Vienna on Monday, he said that the Kingdom has completed the readiness requirements related to nuclear regulatory work. "We are continuing to implement our national project for peaceful nuclear energy, while our systems and infrastructure meet the required international regulatory requirements," he said.

  • Where Iranians Stand on Hijab Rules

    On September 16, 2022, 22-year-old Mahsa Amini died after having been taken into custody by Iran’s morality police for allegedly wearing her headscarf incorrectly. While the authorities state Amini died from illness, her parents and protesters say the police were responsible. Amini’s death ignited an uprising across the country, led mainly by women and young people, against injustice, the subjugation of women and police brutality, with hundreds reported to have been killed and thousands arrested in the ensuing months.

  • Nestle to build its first Saudi manufacturing plant in Jeddah

    Slated to open in 2025, the plant represents an initial investment of SR270 million ($72 million). The project is set to enhance local production capabilities, contribute to sustainable food security in the Kingdom, and meet local demand while enabling exports to other Middle Eastern and North African markets.

  • Iran’s Pezeshkian says ‘no place for hostility’ with Saudi Arabia, ready to visit Riyadh

    Iranian President Masoud Pezeshkian expressed at a press conference in Tehran on Monday his willingness to improve Iranian-Saudi relations, calling the two nations "brothers" and adding that he would visit Riyadh when the opportunity presented itself.  In his first press conference since assuming office in July, Pezeshkian spoke about the possibility of Saudi Crown Prince Mohammed bin Salman visiting Iran. “We are brothers, so there is no place for hostility. I welcome any move that can solve the differences between Muslims,” he told the press.

  • PGA Tour’s Saudi Deal Drags On With Players Arguing Over Pay

    PIF representatives met with PGA Tour officials in New York last week, and an agreement over the financial details inched closer, according to people familiar with the situation. In the months leading up to the latest discussions, talks had failed about how to reintegrate players who ditched the PGA Tour to play for LIV and ensure some financial parity, according to people familiar with the situation.

  • Saudi Arabia approves first exchange-traded funds tracking Hong Kong-listed equities

    Saudi Arabia has granted approval for its first exchange-traded funds (ETFs) tracking equities listed in Hong Kong on Tuesday, the Capital Market Authority (CMA) said, marking the debut of such a product in the Middle East. The move follows efforts by Beijing and Hong Kong to deepen ties with Arab countries in response to escalating tensions with the West.

  • Saudi sovereign wealth fund PIF to invest $5bn in Egypt

    Egypt said the $5 billion injection would be the “first phase” of Saudi investments through its Public Investment Fund. The announcement came after a meeting between Prince Mohammed and Egyptian Prime Minister Mostafa Madbouly in Riyadh. The investment would be the latest major injection of cash the North African country has received while it recovers from its economic crisis. The International Monetary Fund and the UAE have provided most of the funding to help support Egypt's economy.

  • Saudi investment licenses for Egyptian firms double in 2024, says minister

    At a meeting with Egyptian Prime Minister Mostafa Madbouly, organized by the Federation of Chambers in Riyadh, Saudi Investment Minister Khalid Al-Falih underscored Egypt’s increasing role as a key economic partner for the Kingdom. This follows Saudi Arabia’s exports to Egypt totaling $6.44 billion in 2022, while Egypt’s exports to the Kingdom reached $2.35 billion, as reported by the Observatory of Economic Complexity.

  • Neom Beach Games 2024 brings sport to Saudi’s gigaproject

    The tournament kicks off with a triathlon on 3 November, 3×3 basketball from 7 to 9 November, beach soccer from 13 to 16 November and mountain biking from 18 to 22 November. A new addition to this year’s NEOM Beach Games is the World Aquatics Open Water Swimming World Cup NEOM. The event will bring together the world’s top open-water swimmers and serve as the grand finale of the NEOM Beach Games, taking place in the Red Sea.

  • Saudi Arabia’s cultural renaissance under spotlight at Riyadh forum

    A five-day cultural forum organized by Fenaa Alawwal in Riyadh’s Diplomatic Quarter, and co-curated by Afikra, is exploring the theme “Introspection: the role of contemporary art practices in a time of change.” The inaugural Muntada Forum of Contemporary Art Practices opened on Sunday night and will have five panel discussions during its run until Sept. 19. There are 24 creatives exploring a diverse range of topics, which includes the role of Saudi Arabia’s artists in shaping the Kingdom’s global image.