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  • World’s largest solar microgrid rises along Saudi’s Red Sea

    Featuring a 400MW solar PV system coupled with a 1.3GWh energy storage system, the world’s largest photovoltaic-energy storage microgrid is currently being built in Saudi Arabia’s Red Sea Project. Built on the coast of southwestern Tabuk Province, west of the Red Sea, the project covers a planned area of 28,000 square kilometers. Upon completion in 2030, the Red Sea City is expected to have 50 hotels with 8,000 rooms, and more than 1,000 residential properties across 22 islands and six inland sites. It will also cater to up to one million visitors per year, and all of these visitors are set to benefit from off-grid, clean energy.

  • ACWA Power commissions 700 MW photovoltaic plant in Saudi Arabia

    Saudi energy giant ACWA Power has commissioned the 700-megawatt AlRass1 Solar Photovoltaic Project, furthering the Kingdom’s renewable energy goals. The plant has begun power generation after receiving a commercial operations certificate from its off-taker, the company stated on Tadawul.

  • Saudi holdings of US Treasuries rise to $140.3B in June

    Saudi Arabia’s holdings of US Treasuries reached $140.3 billion in June 2024, up $ 4 billion month-on-month, new data released by the US Treasury showed.  Saudi Arabia's holdings of US Treasuries in June are the highest in more than four years, i.e. since March 2020, when they reached $ 159.11 billion.

  • Three takeaways: Familiar feel as Al Hilal fights back to lift Saudi Super Cup

    It was a case of new season, same story in Saturday night’s Saudi Super Cup final as Al Hilal showed exactly why it swept to three trophies in 2023-24. The reigning Saudi Pro League champion overcame a 1-0 half-time deficit to beat Cristiano Ronaldo’s Al Nassr 4-1 at Abha’s Prince Sultan bin Abdulaziz Sports City.

  • Blinken, Saudi FM discuss Gaza ceasefire, Yemen crisis and Sudan peace talks

    US Secretary of State Antony Blinken held a call with Saudi Foreign Minister Prince Faisal bin Farhan on Sunday, focusing on several key issues in the Middle East including efforts to prevent regional escalation and finalize a ceasefire agreement between Israel and Hamas, according to a statement released by the US State Department. During the phone call, Blinken expressed gratitude to Prince Faisal for Saudi Arabia’s efforts to facilitate the flow of humanitarian aid into Gaza, a region currently facing severe shortages due to the ongoing conflict, the statement added.

  • Saudi Arabia launches unified employment portal

    Saudi Arabia has launched a unified employment portal offering job opportunities spanning across the government and public sectors. The Jadarat platform was unveiled by the Kingdom’s Minister of Human Resources and Social Development, Ahmed Al-Rajhi.

  • Civil Defense Warns of Heavy Rains that Will Lash Saudi Arabia This Week

    Saudi Arabia’s General Directorate of Civil Defense issued on Sunday a warning about heavy rainfall across parts of the Kingdom, starting Sunday and continuing until Thursday. Residents are urged to avoid valleys and seasonal lakes. The Makkah Region is expected to be hit the hardest, with heavy to moderate rainfall, flash floods, hailstorms, and strong winds that may cause sandstorms in Makkah City and Taif. Neighboring governorates, including Jeddah and Al-Lith, will experience lighter rainfall.

  • How Middle East professionals are making bold career moves to boost earnings

    Forty-four per cent of regional employees are considering changing employers within the next 12 months, a significant increase compared to the global average of 28 per cent, according to the Middle East Workforce Hopes and Fears Survey 2024 by recruitment agency TASC Outsourcing.

  • The Indomitable IRGC

    With large swaths of the government and the economy under the control of Iran’s clerical elite and thus beyond politicians’ reach, presidents are able to affect the tone more than the substance of Iranian life. Iran’s is a hybrid system, divided between elected and unelected leaders, and the latter almost always have the upper hand.

  • Tourist spending in Saudi Arabia hit new high in 2023

    Around 27 million international tourists spent SAR141 billion riyals ($37.6 billion) in Saudi Arabia in 2023, the highest figure yet. The international spending, published on X by the ministry of tourism, was a 44 percent rise on 2022 and compares to the previous high of SAR103.4 billion spent by 17.5 million inbound tourists in 2019, according to government figures.