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  • Saudi Arabia seeks firms for Rub Al-Khali power plant

    Saudi Arabia's Zakat, Tax & Customs Authority (Zatca), in collaboration with the National Centre for Privatistion & PPP (NCP), has invited companies to prequalify for a contract to develop a hybrid power plant at the Empty Quarter (Rub Al-Khali) land port. The project aims to reduce the use of diesel fuel by using renewable energy, and to ensure long-term power supply at the Empty Quarter land port.

  • Zelensky discusses peace summit on Saudi visit

    Ukrainian President Volodymyr Zelensky, on an unannounced visit to Saudi Arabia on Wednesday, said he discussed preparations for a peace summit this weekend with Crown Prince Mohammed bin Salman. Zelensky landed in the Red Sea city of Jeddah for his latest trip to the Gulf kingdom, which has sought to stay neutral in Ukraine's war with Russia. In a post on social media, he said he held an "energetic meeting" with the Saudi de facto ruler.  

  • U.S. Open could open pathways for LIV Golf players: ‘We are serious about that’

    We're two years into the ongoing split in men's professional golf. Passions have cooled, sabers have been laid down, and everyone involved seems a lot more agreeable now than they were in the volatile days of 2022. As a result, golf's powers-that-be are taking a more open approach to LIV Golf players, and that could mean opening more doors for the best players on the breakaway tour.

  • Time for haggling to stop, Blinken says of Hamas’ response

    After studying it overnight and consulting with the Qataris and Egyptians, American officials expressed some exasperation with Hamas’ response to a three-phase ceasefire proposal sent to it late last month, and that was endorsed earlier this week by a United Nations Security Council resolution.

  • SMASCO makes debut on TASI today as sixth listing in 2024

    This is the sixth listing on Saudi Arabia’s main market in 2024, after MBC Holding Group Ltd. listed on (Jan. 8), Middle East Pharmaceutical Industries Co. (Avalon Pharma) on (Feb. 27), Modern Mills Co. on (March 27) , Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care Group) on (June 5) and Miahona Co. on (June 6).

  • Saudi Arabia launches self-driving aerial taxi service for Hajj pilgrims

    Saudi Minister of Transport and Logistic Services, Saleh Al-Jasser, launched a self-driving aerial taxi service for pilgrims during this year’s Hajj season, Saudi Press Agency (SPA) reported. The flying taxi is the world’s first to be licensed by a civil aviation authority. The flying taxi will transport pilgrims across holy sites, facilitate the swift transfer of medical emergencies and supplies, as well as deliver goods.

  • Transforming the future of Saudi aquaculture through KAUST’s partnership with MEWA

    In a world facing climate change and a rapidly growing population, food security is emerging as one of the most pressing global challenges. The Kingdom of Saudi Arabia has recognized food security as one of the key objectives of its Vision 2030 program and has launched ambitious projects to address this issue. Among the flagship initiatives is the Aquaculture Development Program (ADP), a joint effort coordinated by King Abdullah University of Science and Technology (KAUST) and the Saudi Arabian Ministry of Environment, Water and Agriculture (MEWA), aimed at transforming the nation’s food economy.

  • Saudi crown prince cancels G7 Summit attendance due to Hajj commitments

    Saudi Arabia’s Crown Prince Mohammed bin Salman has declined an invitation to attend a communication session of the G7 Summit in Italy on Friday. He sent a message to Prime Minister Giorgia Meloni thanking her for the invitation but said he is unable to participate because of his obligations to supervise the work of officials in the Kingdom during Hajj season, the Saudi Press Agency reported on Wednesday.

  • Wood Completes Preliminary Engineering For World’s Largest CCS Hub In Saudi Arabia

    Wood has completed the front-end engineering and design (FEED) scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration (ACCS) project in Saudi Arabia, expected to be the world’s largest carbon capture and sequestration (CCS) hub, upon completion.

  • Risky Business: Saudi Arabia’s Oil Price Hike and Market Reaction

    As the world’s leading energy exporter, Saudi Arabia’s decision to raise the price of oil for its Asian customers, namely China and India, is a significant development. The surprise move, announced ahead of the much-anticipated OPEC+ meeting on June 2, saw Saudi Aramco increase the price of Arab Light crude for Asia customers by over 300 percent—from $0.90 to $2.90 per barrel above the Oman-Dubai benchmark.