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Deputy Crown Prince Mohammed bin Salman Opens Up on Personal History; ‘Vision for the Kingdom of Saudi Arabia’
In his second exclusive and wide-ranging interview with Bloomberg, Saudi Arabia’s deputy crown prince, chair of the Council of Economic and Development Affairs (CEDA), and minister of defense opened up on his rise to power, his initial struggles and ultimate acceptance under the late King Abdullah, and his fondness for Winston Churchill and Sun Tzu’s The […]
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As President Obama Heads to Saudi Arabia, Economic Cooperation and Enhanced Bi-Lateral Security Will be on Agenda
As President Obama heads to Saudi Arabia next week to meet with HRH King Salman and attend a GCC summit, familiar topics as well as new issues will be on the agenda for the President’s 3rd official visit to Saudi Arabia and second meeting with King Salman since September. Along with long-standing regional and security concerns that require U.S.-Saudi […]
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In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]
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Crown Prince Mohammed bin Naif Joins Twitter
Following the lead of King Salman and other top Saudi government officials, Saudi Arabia’s Crown Prince has joined the social microblogging website Twitter using the handle @M_Naif_Alsaud. The Crown Prince chairs the Council of Political and Security Affairs (CPSA) and is Minister of Interior of Saudi Arabia. His first tweet, sent on April 5, 2016 […]
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Saudi Arabia was world’s third largest military spender in 2015, surpassing Russia
Saudi Arabia surpassed Russia in military spending for 2015 to be the world’s third largest spender on defense, according to a new report by the Stockholm International Peace Research Institute (SIPRI). The United States retained its top position globally in total military spending in 2015, accounting for almost one-third of all military spending globally. The […]
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Saudi Arabia taking ‘unprecedented hands-on role in housing finance and development’
Saudi Arabia’s housing minister Majed al-Hogail gave an interview with Bloomberg last week in which he discussed the government’s plans to create its own development company and start a mortgage-guarantee fund to encourage banks to increase lending for Saudis. “‘We are looking to improve the productivity of the local developers’ but also trying to attract international […]
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Throwback: Photos of King Salman at King Saud University, 40 Years On
Recently released photos by the Saudi Press Agency (SPA) show King Salman at the King Saud University roughly 40 years ago, as the then-prince assisted in shaping the Riyadh-based University to be what it is today. King Saud University (KSU) is billed as “the premier institution of higher education in the Kingdom of Saudi Arabia. Prince […]
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New Homeland Security Decision Allows Saudi Students to Stay in U.S. for 3 Years By Getting On the Job Training
The United States Department of Homeland Security (DHS) recently published a new rule allowing F1 students the opportunity to stay in the country longer “by getting training on the job at some companies for a period of 36 months,” according to a report in Arab News and information posted to the DHS website. According to DHS, […]
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What Will Be Saudi Arabia’s Next Tourist Destination?
Saudi Arabia’s King Abdullah Economic City (KAEC) attracted more than 100,000 visitors last year, a sign that the planned mega city about 100 miles north of Jeddah on the Red Sea might become Saudi Arabia’s next domestic tourist destination. Although Saudi citizens typically flock to Dubai, Bahrain, or elsewhere abroad for leisure trips, that might […]
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In Bid to Boost Transparency, Saudi Regulators Require International Banks to Disclose Financial Statements
Saudi Arabia’s Capital Markets Authority (CMA) is instructing international banks to publicly disclose financial statements for the first time as the kingdom seeks to boost transparency, according to a report in Bloomberg. The Bloomberg report says that companies under the regulation of the CMA in Saudi Arabia must publish the financial information on their websites […]
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Saudi And Egyptian Energy Ministers Discuss Strategic Power Projects And Renewables
In a significant move to enhance regional energy cooperation, Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, met today in Riyadh with Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and Minister of Electricity and Renewable Energy, Dr. Mahmoud Esmat.
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Palestinian factions agree to form unity government after talks in China
Palestinian factions including rivals Hamas and Fatah agreed to end their divisions and form an interim national unity government during negotiations in China that ended on Tuesday, China's foreign ministry said. The Beijing Declaration was signed at the closing ceremony of a reconciliation dialogue among 14 Palestinian factions held in China's capital from July 21-23, according to the readout. Previous efforts by Egypt and other Arab countries to reconcile Hamas and Fatah have failed to end 17 years of power-sharing conflict that have weakened Palestinian political aspirations, and it remains to be seen whether this deal will survive the realities on the ground.
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Saudi Arabia transfers: Every completed deal, rumour, snub, exit as Moussa Diaby nears Al Ittihad
The 2023 summer transfer window will be hard to beat after Saudi Arabia went a bit crazy. Regardless, it is worth keeping up to date with the Saudi Pro League’s transfer activity this summer. Here is every done deal, rumour and snub there is to know.
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Aramco’s Venture Arm Backs South Korea’s AI Chipmaker Rebellions
Rebellions is working with Samsung Electronics Co. to develop its proprietary chip to serve the generative artificial intelligence market. The startup in June agreed to combine its business with rival Sapeon Korea Inc., a unit of SK Telecom Co., and has said it’s looking at a possible initial public offering in South Korea.
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Saudi Arabia’s NEOM partners with Equinox to open luxury resort
Saudi Arabia’s giga project known as NEOM is partnering with Equinox Hotels to open a luxury resort on the coast of the Gulf of Aqaba, located on the northern tip of the Red Sea.
Equinox Resort Treyam will be an architectural spectacle in NEOM’s Magna region, set on a bridge-like structure that spans for about a quarter of a mile and hangs above a desert lagoon, according to a statement. It’ll include a club house, spa and Equinox fitness center, among other things.
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Saudi Arabia Bids Farewell to Last Pilgrims from Madinah Airport
The last group of pilgrims from this year’s Hajj season departed Saudi Arabia on Sunday aboard a Saudia flight from Prince Mohammad bin Abdulaziz International Airport in Madinah. The flight carried 320 pilgrims to Kertajati, Indonesia, after they completed their Hajj rituals. Saudia, the Kingdom’s flag carrier, hosted a farewell ceremony, concluding its 74-day Hajj operations.
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Saudi farmer turns worm waste into wealth in innovative move
A Saudi farmer has developed a technique that transforms a common garden nuisance into a useful resource. Mohammed Al-Shaer, of Al-Dhafir village in Baha, has established a thriving vermicomposting operation on his farm, producing high-quality organic fertilizer from earthworms, according to a report by the Saudi Press Agency.
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Huge billion-dollar Saudi city for 120,000 people starts construction
Banan City – an enormous 10km2 (3.9 sq mi) new municipality located northeastern of the city of Riyadh – started construction earlier this month as Saudi Arabia’s World Expo 2030 looms.
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Al Nassr keeper Sara Khalid says ‘no limit’ to Saudi women’s football growth
Sara Khalid al-Dossary first fell in love with football as a fan watching her father’s beloved Al Ettifaq, but it is with Al Nassr where the goalkeeper’s passion has bloomed into significant sporting success. In May, al-Dossary celebrated winning a third straight league title. The Saudi Women’s Premier League was inaugurated in 2022 and for the past two years, Al Nassr has been its dominant force – winning back-to-back trophies, the most recent by a 10-point margin.
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Saudi Arabia’s TechMal closes $1 million pre-Seed
Saudi-Arabia based fintech TechMal has raised $1 million in a pre-Seed investment round, led by Al Majidiya Investment Company alongside other investors. Founded in 2024 by Saud Al-Rebdi and Basil Alsuhaibani, TechMal operates as a micro-consumer finance company.
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