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Saudi Arabia Seeks to Launch Middle East’s First Carbon Exchange with Aramco, ACWA
Saudi Aramco and ACWA Power may be the first of a total of five companies to join a new carbon exchange set up by the Kingdom’s Public Investment Fund (PIF), according to Bloomberg.
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Analysts Question Reported Saudi Interest in Pricing Some Oil in Yuan
The Wall Street Journal reports that Saudi Arabia is in active talks with China to price some of its oil sales to China in yuan instead of the dollar, in what would be a “profound shift” for Saudi Arabia to price even some of its roughly 6.2 million barrels of day of crude exports in anything […]
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Saudi Aramco Joint Venture to Build Refinery and Petrochemical Complex in China; Delivery Date in 2024
Saudi Aramco and its joint venture (JV) partners will develop a refinery and petrochemical complex in China to be delivered in 2024, according to a report in the industry publication Offshore Technology.
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A discussion with author Dr. Mark Thompson on the power and potential of Saudi youth on The 966 episode 30
The hosts welcome Dr. Mark Thompson from Riyadh. The hosts discuss Mark’s latest book, “Being Young, Male, and Saudi,” as well as his deep experiences living and teaching in the Kingdom. Before that, the hosts discuss why U.S. shale will not be saving the day any time soon, and also an encouraging new survey from […]
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Saudi Aramco Finds Five New Gas Fields in Four Regions, SPA Says
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said that Saudi Aramco has discovered new natural gas fields in four different regions across the Kingdom, according to information published by the Saudi Press Agency. The fields were discovered “in the central area of the kingdom, in the Empty Quarter desert, near its northern border and […]
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Saudis Worldwide Mark Inaugural Celebration of Founding Day
Saudi Arabia held celebrations on Tuesday to commemorate for the first time the Kingdom’s foundation nearly 300 years ago, “choosing a date that downplays the central role played by clerics from the ultra-conservative Wahhabi school of Islam” and instead focusing on the date in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over […]
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Golf: Saudi International Tournament Begins Thursday with $5m Purse; DeChambeau, Johnson, Mickelson Set to Headline Tough Field
Saudi Arabia’s annual flagship golf event, the PIF Saudi International powered by SoftBank Investment Advisers, is set to begin this week with a crowded field of some of the sports top players. The tournament will be played at the Royal Greens Golf and Country Club, with several holes seated next to the pristine turquoise blue Red Sea. The […]
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Saudi Natural Gas Production Soars, Turning Saudi Palaces into Lux Hotels, and Much More – The 966 E. 24
Episode 24 of The 966 has the hosts talking about Saudi Arabia’s growth in natural gas production over the last decade, the PIF’s new hotel group, a recent piece on Saudi royal succession and much more.
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Saudi Arabia’s PIF Gains Estimated $1 Billion on Activision Investment with Microsoft Takeover
Saudi Arabia’s Public Investment Fund (PIF) bet on gaming publisher Activision is set to gain over $1 billion with Microsoft’s planned takeover of the company, a Bloomberg report said.
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Reports: Lucid will Build Factory in Saudi Arabia by 2026
Lucid Group Inc.’s chairman Andrew Liveris said this week that the EV car-marker intends to build a factory in Saudi Arabia by 2025 or 2026, and is currently in the process of negotiating details with ministries in the Kingdom.
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Number of nurses up 23% in Saudi Arabia during 7 years, reaching over 235,000
The number of nursing staff in Saudi Arabia, who are registered with the Saudi Commission for Health Specialties, has increased to more than 235,000 during the year 2023. The total number of male and female nurses recorded an increase of more than 23 percent during the period between 2016 and 2023, according to a report released by the Ministry of Health on the occasion of International Nurses Day that was celebrated on May 12.
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US gives Saudis green light to try to revive peace deal with Houthis
US determination to keep Saudi Arabia engaged in a peace process with Israel has led Washington to give Riyadh an informal green light to try to revive a peace deal with the Houthis, the Yemen-based rebels who have been attacking commercial shipping in the Red Sea since November.
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Saudi Mega Projects Seek Partners in Bid to Hit Goals
Executives from The Line, New Murabba and Diriyah Company — complex developments ranging from a futuristic mega city on the Red Sea to an urban development housing a cube-shaped skyscraper set to be the tallest in the Saudi capital — discussed challenges with supply chains, costs and finding skilled workers as they underscored the urgent need for experienced partners to assist in completing projects.
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UK launches major trade push in Saudi Arabia at Riyadh talks
Five UK ministers will be at the head of a huge British delegation visiting Saudi Arabia this week, as Britain seeks to strengthen trade and cultural ties with the kingdom. Oliver Dowden, the UK's Deputy Prime Minister, Lucy Frazer, the Culture, Media and Sport Secretary, Dominic Johnson, the Investment Minister and Nick Markham, minister at the Department of Health and Social Care, have taken a British delegation of more than 450 business and cultural leaders to Riyadh, where the UK is hosting an event called Great Futures, aimed at highlighting the co-operation and partnerships between British companies and institutions, and their Saudi counterparts.
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Saudi dates exports jump by 13.7% in Q1 of 2024
The National Center for Palms and Dates announced that the value of Saudi Arabia’s exports of dates during the first quarter of 2024 rose to reach SR644 million, an increase of 13.7% compared to the same period in 2023 when the value of its exports reached SR566 million.
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Ministry of Interior joins hands with SDAIA in providing high tech services for pilgrims
During the sixth year after the launch of the initiative in 2017, with the exemption of two years during which there was a restriction for the Hajj of foreign pilgrims due to the outbreak of coronavirus pandemic, the Ministry of Interior and SDAIA launched the highly advanced system, which allowed beneficiaries to complete procedures automatically, by taking biometrics, reading pilgrims’ passport data, and facilitating procedures for the elderly and people with disabilities, using the latest technologies to achieve the highest levels of safety and reliability.
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In Saudi Arabia, Ancient Desert Walls Are Rewriting the Stone Age
The ancient town at Hegra, just outside the modern town of Al-Ula in northern Saudi Arabia, is famous for its Nabataean monuments carved directly into the red rock, many ornately decorated and complete with inscriptions. Similar in style to its more famous Nabataean sibling, Petra, in Jordan, Hegra only recently received a comparable level of attention from archaeologists. When it did, the finds were spectacular. In 2008, excavations began on tombs that still contained not only bodies but also the ceramics and jewelry buried with them (astonishingly undisturbed, unlike the tombs at Petra).
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Why tourism is set to drive economic diversification in the Gulf
Saudi Arabia reported more than 106 million tourists in 2023, up 12 per cent from 2022 and an astonishing 56 per cent higher than 2019. Of this 106 million, slightly more than a quarter, or 27.4 million, were international visitors.
Dubai attracted a record 17.2 million international visitors last year, up by about 20 per cent year on year, while the other emirates also reported strong growth in both domestic and international visitor numbers in 2023.
Hospitality was the fastest-growing sector in both Dubai and Qatar in the first nine months of last year, posting double-digit growth. In Bahrain, hospitality was the second fastest-growing sector after transport.
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Saudi benchmark index closes in green with $1.8bn trade volume
Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 12,259.60 points, witnessing an increase of 42.55 points, or 0.35 percent. Nomu, the parallel market, ended the day at 26,859.37 points, shedding 336.56 points or 1.24 percent. Concurrently, the MSCI Tadawul Index grew by 5.34 points to close at 1,535.83, a 0.35 percent increase.
TASI reported a trading volume of SR7 billion ($1.86 billion), with 85 stocks making gains and 134 witnessing declines. -
Saudi Film Commission takes charge of cinema sector
Saudi Arabia’s Film Commission has announced it will now have oversight over the cinema sector, which will no longer fall under the jurisdiction of the General Authority of Media Regulation. The Council of Ministers had ordered the change, which has now been implemented after the completion of the required regulations, the Saudi Press Agency reported on Monday.
The first phase includes regulating licensing for the operation of permanent, temporary and special cinemas, as well as the production, distribution and import of movies, videos and television programs. - 10 of 59980 results<< 1 … 218 219 220 … 5,998 >>