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  • Kuwait’s sovereign wealth fund plans to open office in Saudi Arabia

    Al Mudhaf highlighted Saudi Arabia's increasing investment significance and its growing role in global economic decisions. This move follows a visit by a Saudi business delegation to Doha in May to promote investment in industry and mining, and the recent announcements by major investment banks, such as Edmond de Rothschild, about opening offices in Riyadh, according to Kuwait’s official news agency

  • Saudi Arabia announces discovery of seven oil, gas deposits

    Saudi Arabia's energy minister announced on Monday the discovery of seven oil and gas deposits in the kingdom's Eastern Province and Empty Quarter, the official Saudi news agency SPA reported. Saudi Energy Minister Prince Abdulaziz bin Salman said state oil group Saudi Aramco had discovered "two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs", SPA said.

  • Trump Tower is coming to Saudi Arabia

    The Trump Organization revealed plans Monday to develop a luxury Trump Tower in Saudi Arabia. The new tower will be built in Jeddah and developed in tandem with Dar Global, the international arm of Saudi mega-developer Dar Al Arkan. If completed, it appears the Jeddah tower would be the Trump Organization’s first major project in Saudi Arabia.

  • Iran’s Presidential Hopefuls: Strongman, Surgeon, and Pen Pusher

    The presidency in Iran is to some extent what the president makes of it: While strongmen empower the institution, weak presidents reduce it into a largely ceremonial office. Therefore, who occupies the Office of the President in Tehran is significant.

  • Saudi Arabia Records 231.7 Points in the UN Maritime Index

    This year has witnessed the continuation of the authority's efforts to develop infrastructure in the Kingdom's ports to enhance the competitiveness of ports at the regional and international levels, and to support and facilitate global trade. The development work of the Red Sea Gateway Terminal in the northern part of Jeddah Islamic Port has been completed, with investments amounting to SAR 1 billion. Mawani has also completed the deepening of the northwestern approach channel in the port with a length of 3,000 meters, a width of 300 meters, and a depth of 18.5 meters, which was previously 17 meters.

  • flynas Launches Saudi Arabia’s First Program to Train Airline Cabin Crew in Sign Language

    The Saudi air carrier flynas has launched the first program of its kind in Saudi Arabia to train airline cabin crew in sign language. Implemented in collaboration with the Saudi Association for Hearing Impairment, this program underscores flynas' commitment to adopting sustainable initiatives that positively impact society.

  • Why Saudi Arabia matters more than ever to the US in a volatile Middle East

    That the stability of the Arabian Peninsula is taken completely for granted by many observers in the West represents a failure of the imagination, as Saudi Arabia, with its wealth and holy places, is a country that jihadi Islamists such as Al Qaeda, and revolutionary Iran and its proxies, have sought to capture for decades. Indeed, the Kingdom of Saudi Arabia is the ultimate prize for those who want to topple the U.S.-led order in the region. Failure to recognize this or to imagine what would happen should radical revisionist elements succeed in disrupting Saudi stability is short-sighted and strategically dangerous.

  • Who does Saudi Arabia play in 2026 FIFA World Cup qualifiers?

    Saudi Arabia learned its 2026 FIFA World Cup qualifying fate on Thursday as the Green Falcons were handed a tough third round group that includes fellow Asian heavyweights Australia and Japan. Roberto Mancini’ side, which labored to a second place finish behind Jordan in second-round qualifying, will need to improve if it is to claim a spot at the World Cup finals in the USA, Canada and Mexico in two years’ time.

  • Saudi Reserves Jump to 18-Month High Thanks to Aramco Dividends

    Net foreign assets held by the kingdom’s central bank jumped 5% to $445 billion, or 1.67 trillion riyals, at the end of May, the highest since November 2022, according to figures released Sunday. That coincided with Aramco paying out more than $25 billion in dividends to the government the same month, up from about $18 billion a year earlier.

  • Banks drag Saudi down, Qatar hits 3-month high

    The Saudi index closed lower on Sunday, with the financial sector leading the losses, while the Qatari index hit a three-month high having risen consistently through the month. Saudi Arabia's benchmark stock index (.TASI), opens new tab, which recorded its first monthly gain after three months of consecutive losses, dropped 0.4%. The losses in the index were driven by Saudi Arabia's two biggest lenders, with Al Rajhi Banking And Investment Corporation (1120.SE), opens new tab declining 1.8% and Saudi National Bank (1180.SE), opens new tab dipping 1.2%.