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  • Opinion: Give Saudi Arabia a chance to prove itself as chair of UN Women’s Rights Forum

    For those who oppose the Kingdom no matter the progress they make in these areas, I go back to “dealing with the reality in front of you.” Regardless of if certain people or organizations strongly dislike Saudi Arabia, it is becoming one of the most influential nations in the world. That is simply a fact.

  • ‘The sword has a history among the Arabs’: Inside Saudi Arabia’s fencing scene

    Alhasna Al-Hammad, 20, is on the Saudi fencing national team and trains six times a week with her saber sword, balancing her dedication to the sport with the industrial engineering degree she is pursuing at Al-Faisal University. In 2019, Al-Hammad became the first Saudi female fencer in the country’s history to win a gold medal, achieving the feat at the 6th GCC Women’s Games in Kuwait City. A mont later she would become the first Saudi to win a gold Since then, she has participated in a number of world championships and added a bronze medal to her cabinet most recently from the 2023 Arab Games.

  • Top companies in Saudi Arabia by dividend yield

    Top companies in Saudi Arabia by dividend yield. Companies Market Cap lists top 155 companies.

  • From palm to pipeline: how Saudi Arabia’s date industry waste is boosting our drilling operations

    For thousands of years, people in the Middle East have made a living from date palms, harvesting the fruit, and turning the leaves into baskets and mats. But, what connects Saudi Arabia’s ancient date plantations to Aramco’s oil and gas operations, which are less than 100 years old? The answer is date palm seeds, which it turns out could be an ideal material for increasing the efficiency of drilling oil and gas wells.

  • Tata Daewoo to build plant for producing trucks in Saudi Arabia

    South Korea's Tata Daewoo Commercial Vehicle Company announced on Monday that it will build a production plant in Saudi Arabia. Tata Daewoo signed a memorandum of understanding (MOU) for the establishment of the factory with local distributor Saudi Diesel Equipment Co. (SDEC) and local manufacturer Perfect Arabia Factory (PAF). Under the terms of the agreement, Tata Daewoo will provide technology support locally, while SDEC and PAF will collaborate to assemble Daewoo trucks locally.

  • Why Dolce & Gabbana is investing in Saudi Arabia

    To further its Middle East expansion, Dolce & Gabbana has unveiled a unique strategy for Saudi Arabia, the market everyone has their eyes on right now. First is a new flagship store in Riyadh, the capital city and commercial heart of Saudi Arabia. Dolce & Gabbana will also be entering a formal partnership with Diriyah Company, a Saudi Arabian state-owned organisation responsible for the restoration, redevelopment, and management of the historic Diriyah area in Saudi. “Saudi Arabia is a country to which we have always looked with keen interest for its entrepreneurial and economic dynamism, as well as its ancient culture,” says Dolce & Gabbana CEO Alfonso Dolce. “For years, we have been present in this country, initially approaching the market with caution and respect, deepening our understanding of its history and social aspects. To this day, we can say that the Saudi market is very interesting, reacts positively to incentives and is open to new proposals.”

  • Saudi Arabia may hike May crude oil prices to Asia

    Top oil exporter Saudi Arabia may raise the official selling price (OSP) for flagship Arab Light crude in May after Middle East benchmarks strengthened last month, industry sources said. The May OSP for Arab Light crude could rise by 20 to 30 cents a barrel from April, according to a Reuters survey of six refining sources. The expectation of higher prices comes after the backwardation structure in the Dubai benchmark narrowed by 33 cents a barrel in March versus February, Reuters data showed. When the market is in backwardation, prompt prices are higher than those in future months, implying tight supply.

  • Saudi Arabia announces cultural cooperation award with China

    The Saudi Ministry of Culture announced on Thursday the launch of the Prince Mohammed bin Salman Award for Cultural Cooperation between Saudi Arabia and China, at the King Abdulaziz Public Library branch in Beijing, Saudi Press Agency reported. This award aims to acknowledge the efforts of researchers, artists and translators from both countries, offering grants to support their continuing work. It is designed to spur enhanced collaboration and shared creative efforts.

  • Private equity investing in Saudi Arabia reached $4 billion in 2023

    Private equity investing is blasting off in Saudi Arabia. After crossing the $1 billion threshold in 2022 and growing nearly 6X in the prior year, the industry quadrupled to $4 billion in 2023 across 30 deals, according to new data from Magnitt. The kingdom is at a “pivotal intersection,” Huda Al Lawati, Founder & CEO of Gulf-based investment manager Aliph Capital, said in Magnitt’s report.

  • Saudi Arabia embraces challenge of 2034 World Cup prep

    To host the 48-team World Cup, the country “needs 14 all-seater stadiums capable of holding at least 40,000 people.” Saudi Arabia currently has two: Jeddah’s King Abdullah Sports City Stadium and Riyadh’s “venerable” King Fahd International Stadium, which is “undergoing a major refit.” Among its 30-plus stadiums, “many are old, small and have fields surrounded by running tracks.”