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  • Saudi minister inspects National Guard Hajj preparedness

    Prince Abdullah bin Bandar, the minister of the National Guard, inspected the readiness of ministry forces for the Hajj season, the Saudi Press Agency reported. This inspection is part of Saudi Arabia’s efforts to ensure the security of the Hajj, following the directions of the country’s leadership. During his visit to Makkah’s Al-Shara’i district, Prince Abdullah watched a detailed military parade under the theme of “Ease and Reassurance.”

  • Saudi Officials Seize the Initiative with Early eVTOL Air Services

    Saudi Arabian officials this week gave further encouragement to eVTOL aircraft manufacturers by signaling their intention to fast-track commercial air taxi operations. According to reports in the government-controlled Saudi Press Agency, Saleh Al-Jasser, the country’s Minister of Transport and Logistics Services and chairman of the General Authority of Civil Aviation (GACA), intends to approve eVTOL aircraft to be used to carry pilgrims between holy sites, as well as for services such as emergency medical support and carrying medical supplies.

  • Latham Advises on Saudi Aramco’s US$11.2 Billion Secondary Offering

    Latham & Watkins has advised the bookrunners on the secondary public offering by The Government of the Kingdom of Saudi Arabia and Saudi Aramco of ordinary shares of Saudi Aramco. The offering comprised a secondary public offering of 1.545 billion shares at SAR27.25 (US$7.27) per share. Latham also represented the underwriters in Saudi Aramco’s landmark IPO in 2019, one of the largest IPOs in history.

  • Why a Gaza Cease-Fire Is So Elusive

    The Biden administration has pledged to keep working with the Qatari and Egyptian mediators to bridge the gaps. But after days of intensive diplomacy in the region, a monthslong effort to end the war in Gaza seems as stuck as ever, as each side clings stubbornly to maximalist demands unacceptable to the other.

  • Saudi Arabia holds investment summit in Brazil, plans to invest $15B

    Brazil’s energy minister, Alexandre Silveira, told reporters at the FII Institute summit on Wednesday that the Saudi Public Investment Fund (PIF) plans to invest around $15 billion in Brazil. The investments will be made in sectors including green hydrogen, infrastructure and renewable energy, he said, according to Reuters. The sovereign wealth fund did not immediately comment.

  • I drove across Saudi Arabia as a solo woman – and what I discovered may surprise you

    Why?” asked my puzzled friend when I told him I was planning to drive solo around Saudi Arabia. “Because I can – at last,” is the short answer. My fascination with Arabia began when my Dad gave me the book Arabian Sands about Wilfred Thesiger’s heroic crossing of the Empty Quarter. I went on to study Arabic and travel all over the region, but Saudi always felt closed. Now, you can get a tourist visa online in a matter of minutes and women won the right to drive in 2018. It was time.

  • Saudi Scouts Association issues maps for pilgrims

    The Saudi Arabian Scouts Association has issued detailed and interactive maps to help pilgrims. The maps include the Mina and Arafat areas, the central area of the Holy Mosque and the Aziziyah neighborhood in Makkah, the entire city of Madinah, the central area of the Prophet’s Mosque, the Al-Naseem neighborhood, and Batha Quraish.

  • Hajj begins as more than 1.5 million pilgrims arrive in Saudi Arabia

    The annual Hajj pilgrimage officially began on Friday as pilgrims in Saudi Arabia made their way on foot and by bus to Mina, where they will camp at one of the largest tent cities in the world.

    The Mina valley, about 5km east of the Grand Mosque in Makkah, is a 250-hectare open space covered by more than 100,000 air-conditioned tents that can accommodate more than 2.6 million people.

  • IPOs Proving to Be June’s Blockbuster Attraction in Saudi Arabia

    June’s newcomers have scored a full-house of gains on their first trading day. Miahona and Rasan Information Technology Co. both soared 30% — the maximum pop that the Tadawul exchange in Riyadh allows. Saudi Manpower Solutions Co. and Al Taiseer Group Talco Industrial Co. also notched double-digit jumps.

  • Saudi wealth fund holding talks to create boxing league

    Saudi Arabia's Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a league, potentially reshaping the competitive landscape of the sport, people familiar with the matter told Reuters. A handful of leading promoters including Matchroom Boxing and Golden Boy Promotions are involved in the discussions that could result in a deal valuing the new entity between $4-5 billion, one of the people said. PIF wants to create a venture that would bring the main sport's organisers together, in which it would take a minority stake, the person added.