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  • Netanyahu says Israel and US are determined to thwart Iran

    Israel and the United States are determined to thwart Iran's nuclear ambitions and its influence in the Middle East, Israeli Prime Minister Benjamin Netanyahu said on Sunday after meeting U.S. Secretary of State Marco Rubio. Speaking after meeting Rubio in Jerusalem, Netanyahu said they discussed a number of issues, "none more important than Iran". "Israel and America stand shoulder to shoulder in countering the threat of Iran," he said. "We agreed that the ayatollahs must not have nuclear weapons and also agreed that Iran's aggression in the region must be rolled back."

  • Al-Falih: Nearly 600 global companies choose Saudi Arabia as regional headquarters

    Minister of Investment Eng. Khalid Al-Falih announced that the number of global companies establishing their regional headquarters in Saudi Arabia has risen to nearly 600. Al-Falih announced this while attending a panel discussion titled “Ministerial perspective on the role of the government to enable the private sector,” held as part of the third edition of the PIF Private Sector Forum in Riyadh on Wednesday. The minister noted that the number of registered investment licenses surged from 4,000 in 2018 and 2019 to 40,000 currently, while total investments have doubled to SR1.2 trillion, accounting for 30 percent of the Saudi economy. "Seventy-two percent of investments came from the private sector, while the Public Investment Fund's (PIF) portfolio and companies account for only 13 percent. This underscores Saudi Arabia's position as a strong global investment destination, thanks to its attractive economic environment and diverse investment opportunities across various sectors,” he said.

  • Saudia and Saudi Research and Media Group Announce a Strategic Partnership

    Saudia, the Kingdom of Saudi Arabia's national flag carrier, has announced a strategic partnership with Saudi Research and Media Group (SRMG), the largest integrated media group in the Middle East and North Africa. This collaboration aims to offer a selection of the group's curated and premium content, including original productions, exclusive documentaries, and cultural and entertainment programs tailored for guests worldwide, to Saudia's BEYOND in-flight entertainment system.

  • Records set for Arab artists at Sotheby’s debut Saudi Arabia auction

    Sotheby’s inaugural auction in Saudi Arabia — and the country’s first major international art and luxury auction — took place in Diriyah on Saturday with works by regional artists selling particularly well. Sotheby’s reported a full house for the “Origins” sale, which was held in a 250-seat outdoor amphitheater and featured participants from 45 countries. The sale totaled $17.28m with a sell-through rate of 67% by lot and 74% by value. Almost a third of the buyers were from Saudi Arabia.

  • Chinese EV startup Rox Motor expands into Saudi Arabia

    Chinese electric vehicle (EV) startup Rox Motor has expanded into the Saudi market as it focuses its resources overseas. The company announced its official entry into the Saudi market with its all-terrain SUV (sport utility vehicle) Rox 01 at the LEAP 2025 event, which kicked off on February 9, according to a press release today. Rox Motor has secured more than 200 orders in Saudi Arabia and sales are ongoing, it said. The brand's flagship Saudi showroom on Khurais Road will open later this month.

  • Records set for Arab artists at Sotheby’s debut Saudi Arabia auction

    Sotheby’s reported a full house for the “Origins” sale, which was held in a 250-seat outdoor amphitheater and featured participants from 45 countries. The sale totaled $17.28m with a sell-through rate of 67% by lot and 74% by value. Almost a third of the buyers were from Saudi Arabia. The auction offered an eclectic mix of around 120 objects. Approximately half were works of art and a quarter watches and jewelry, while there were also 17 designer handbags and several items of sports memorabilia.

  • Sotheby’s ‘Origins’ auction in Diriyah achieves more than $17 million in sales, with Saudi artists shining

    Sotheby’s inaugural auction in Saudi Arabia, titled “Origins,” concluded on Saturday with a total of $17,283,840 in sales in the fine art and luxury categories. The historic event at Diriyah’s Bujairi Terrace was a turning point for the Kingdom’s art and luxury scene, with Saudi artists garnering significant attention. Jerry Inzerillo, CEO of Diriyah Company, highlighted the significance of the collaboration between Diriyah and Sotheby’s. “A few years ago, we decided that Sotheby’s, as a 277-year-old brand, had to match up with Diriyah because the value systems were the same, and you can’t be Sotheby’s without being in Diriyah,” he said in his opening remarks. The modern and contemporary art section featured works by Saudi artists that collectively realized $1.1 million in sales.

  • AI chip startup Groq secures $1.5 billion commitment from Saudi Arabia

    The startup has an existing agreement with Aramco Digital, the technology subsidiary of oil major Aramco, through which the companies built a critical AI hub in the region in December. Groq told Reuters it will receive funds over the course of this year to expand its existing data center in Dammam. The company's chips, which specialize in fast responses from chatbots and other large language models, are subject to U.S. export controls, but Groq said it has obtained the licenses it needs to ship them to Dammam.

  • Saudi Arabia removes restrictions on foreign on-demand charter flights

    The move builds on impressive growth in Saudi’s private aviation market with 23, 612 business jet flights recorded in 2024, an increase of more than 4,600 flights on 2923 figures. Domestic flights accounted to 9,206 (+26% on 2023) movements last year. In line with Saudi Arabia’s aviation strategy as part of Vision 2030, GACA’s General Aviation Roadmap was launched in May 2024 to establish the country as a general aviation hub in the region. There is currently an unprecedented infrastructure programme underway to establish new private airports and terminals across the Kingdom. GACA’s roadmap will deliver six dedicated business aviation airports and a further nine dedicated business aviation hubs. It will also increase the FBO and MRO capacity for business jets.

  • Art Week Riyadh 2025: A New Era for Saudi Arabia’s Thriving Art Scene

    The Visual Arts Commission of Saudi Arabia proudly announces the inaugural edition of Art Week Riyadh, a groundbreaking initiative celebrating the Kingdom’s dynamic art scene. Taking place from 6 to 13 April 2025, this event will bring together leading local and international galleries, cultural institutions, artists, collectors, and art enthusiasts under the theme “At The Edge.” As a non-commercial initiative, Art Week Riyadh is designed to foster collaboration, exchange, and innovation within Saudi Arabia’s growing art ecosystem. With programming that honors the past, celebrates the present, and invests in the future, the event will highlight the depth and breadth of Saudi’s artistic landscape.