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  • Three Saudi companies acquire fund behind world’s tallest tower

    The Saudi Arabian fund behind what will be the tallest tower in the world has been acquired in a $1.8 billion (SAR6.8 billion) deal. Kingdom Holding Company, Sumuo Holding Company and Jeddah Economic Company (JEC) have signed an agreement to take ownership of the Al Inma Jeddah Economic Fund, which is currently wholly owned by JEC. The fund’s Jeddah Tower will be more than 1,000m high. The surrounding development, located in the Obhur district in the north of the city, will measure an estimated 1.7 million square metres.

  • Heat Waves Are Pounding Egypt, and Often There’s No A.C.

    Egyptian summers have always been hot. But it has not always been this hot, with temperatures barely dipping below 100 degrees in Cairo since May, testing tempers and massacring houseplants. And it has never been this hot at a time when the government has imposed power cuts on most of the country for more than a year, plunging millions into sweaty, un-air-conditioned misery for hours each day.

  • Saudi Arabia Discusses Enhancing Industry, Mining Cooperation with Türkiye

    Deputy Minister of Industry and Mineral Resources for Industry Affairs Khalil Ibrahim Ibn Salamah discussed enhancing cooperation between Saudi Arabia and Türkiye in the industrial and mining sectors. During his official visit to Türkiye alongside several officials from the Saudi private sector, the deputy minister discussed promising investment prospects in both countries and the joint development of their industrial capacities. The visit is part of the efforts of the Kingdom’s industrial and mineral resources system to develop industrial partnerships with Türkiye.

  • Saudi Arabia has sufficient uranium to diversify energy mix: Al-Khorayef

    Minister of Industry and Mineral Resources Bandar Al-Khorayef said that Saudi Arabia has sufficient quantities of uranium to meet its need to diversify the energy mix, noting that the search for uranium and other minerals is still ongoing. He also stressed the importance of the mining sector as the third pillar of Saudi industry.

  • Saudi Arabia’s General Authority of Civil Aviation and Lilium to collaborate on development and implementation of eVTOL regulation in the Kingdom

    The partnership will start by setting up a joint Working Group preparing the regulations in Saudi Arabia for the introduction of regional electric air mobility. Dedicated sub-working groups for infrastructure, air operations, airworthiness, and airspace integration, led by GACA and strongly supported by Lilium, are to jointly discuss, accelerate, develop, and implement the necessary regulatory and procedural framework.

  • Saudi Arabia is investing heavily to accommodate greater religious tourism

    Aligned with the Kingdom’s Vision 2030, the already popular religious destination is seeking to attract more than 30 million religion tourists per year by 2030. The city of Mecca (Makkah) has hosted the annual Hajj pilgrimage for more than 14 centuries. The Hajj journey is completed over a period of five days and the city also hosts Umrah pilgrims year-round.

  • Saudi PIF and Envision Energy form JV to boost renewables

    The JV will focus on manufacturing and assembling wind turbines and components, including blades, nacelles, and hubs. Under the agreement, Envision Energy holds the majority share in the JV, while PIF and Vision Industries hold the remainder. This collaboration supports Saudi Arabia’s goal of localising 75% of renewable energy components by 2030, in line with the Saudi Ministry of Energy’s National Renewable Energy Program.

  • America’s Arabian Superfood

    In the US over the past few years, dates have been trending as a superfood, often promoted in the recipes of energy smoothies or nutrition bars. As medical institutions such as the Cleveland Clinic note on their websites, numerous studies show that dates provide long-lasting, easily transportable energy, are rich in minerals like iron and potassium, and may help reduce cholesterol, keep blood-sugar levels steady and aid digestive health.

  • 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.

  • 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.