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  • Saudi Arabia’s PIF makes bid to increase stake in Selfridges

    PIF already owns a 10 per cent share in the Selfridges properties, while 40 per cent is owned by the troubled real estate and retail empire, Signa and the remaining 50 per cent is owned by the Thai retail conglomerate Central Group.

  • Saudi Arabia launches bidding for new mineral exploration licenses

    The Ministry of Industry and Mineral Resources, Saudi Arabia has announced in a press release the launch of its most extensive mineralized belts to date, covering an expansive 4,788 km² that includes five exploration licenses. The ministry is inviting major mining and exploration companies to participate in the ongoing Exploration Licensing Rounds aimed at unlocking the belts’ vast mineral wealth.

  • Saudi Arabia calls for restraint following Israeli airstrikes in Yemen

    Saudi Arabia called on all parties to exercise maximum restraint and to distance the region and its people from the dangers of war after the Israeli attacks in Al Hudaydah governorate on Saturday, which aggravate the current tension in the region and halt the ongoing efforts to end the war on Gaza.

  • Saudi capital market’s momentum likely ongoing in H2 2024: HSBC Saudi Arabia

    The Saudi capital market is expected to see continued momentum in H2 2024, backed by a strong pipeline of initial public offerings (IPOs), announced projects, and investment opportunities, which is seeing higher investor engagement by local and foreign players at record highs compared to previous years, Faris AlGhannam, CEO and Board Member of HSBC Saudi Arabia, said.

  • Saudi Arabia Shifts from Participation to Hosting: Sustained Global Scientific Engagement Since 2011

    This year, the Kingdom of Saudi Arabia transitions from the ranks of participants to hosts and organizers of international scientific competitions. Riyadh, the capital city, is set to host the 2024 International Chemistry Olympiad from July 21st for ten days. The Olympiad will involve more than 340 students, 200 volunteers, and 400 university professors and chemistry teachers from 90 countries. This makes it an opportunity for scientific exchange, partnerships, and a chance to discover Saudi Arabia through its capital, Riyadh, and witness its scientific, economic, and cultural renaissance, which has qualified it to become a leading destination in various fields.

  • Saudi Arabia to visit Brazil and lithium power Chile as seeks to diversify

    Saudi Arabia's mining minister will visit Brazil and Chile over the coming two weeks, the ministry said on Sunday, as the world's leading oil exporter seeks to expand its international presence in mining. In Brazil, talks will cover mining, food processing, and aviation, while in Chile the focus is on lithium, needed for electric vehicle batteries. "This aligns with the Kingdom's direction towards expanding the production of EVs," a Saudi government statement said.

  • Saudi Arabia’s move to nationalise engineering jobs ‘required’ to tackle unemployment

    Saudi Arabia's requirement that companies allocate 25 per cent of engineering jobs in the private sector to citizens looks set to help the kingdom tackle unemployment, as the Arab world’s largest economy moves ahead with its economic diversification strategy. The rule, which takes effect on Sunday, is applicable to private sector companies that employ five or more people in engineering professions, the Saudi Press Agency reported. It will provide more “productive job opportunities for male and female citizens in various regions of the kingdom”, SPA said.

  • Saudi says not involved in targeting Yemen’s Hodeidah, closely following ‘escalation’

    Saudi Arabia released a statement Sunday clarifying that it was not involved in an attack targeting the Yemeni port city of Hodeidah. On Saturday, the Israeli army announced that its fighter jet bombed Houthi military targets in Yemen, in response to the militant group’s attacks against Israel in recent months.

  • Saudi Unveils $690,000 Golden Pen Award For Novelists

    The top prize is $100,000, with the winning novel adapted into a movie by the GEA. Second place offers $50,000 and a movie adaptation, while third place receives $30,000. In addition to these top awards, the competition features Novel Track Awards, with $25,000 each for the best novels across various genres, including romance, thriller and mystery, comedy, action, fantasy, detective, horror, and historical fiction.

  • How Saudi Pro League Plans to Elevate Its Global Football Standing

    The SPL has shifted from last year’s extensive talent acquisition—where 97 players were signed—to a more strategic approach this season. The Saudi transfer window opened on July 18 and will close on September 2, aligning with European leagues. This change indicates a focus on filling specific gaps and enhancing overall team quality rather than a blanket acquisition strategy.