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  • Preserving cultural legacy: Family office dynamics in the Middle East

    In the Middle East, commercial success has long been intertwined with heritage: family-owned businesses are the historic cornerstone of the region and to this day still comprise an estimated 60% of the region’s GDP. What differentiates these enterprises from traditional business is the centrality of legacy: a long-term vision focused on sustaining future generations and reinvesting into the community.

  • Saudi Film Confex considers role of film as a tool of cultural diplomacy

    Saudi Arabia’s Prince Turki Al Faisal bin Abdulaziz, chairman of the King Faisal Foundation’s Centre for Research and Islamic Studies, emphasized what he believed to be the power of cinema in fostering cultural exchange and showcasing Saudi heritage to the world, in an on-stage conversation of the second edition of the Saudi Film Confex in Riyadh (October 9-12).

  • Saudi Arabia, Egypt agree deeper investment ties, urge Gaza truce

    Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi agreed to deepen trade and investment cooperation and called for a ceasefire in Gaza and Lebanon in talks in Cairo on Tuesday. Egypt's presidency said the leaders signed an agreement to encourage and protect mutual investments between the countries, and witnessed the signing of an accord to form a supreme coordination council between Riyadh and Cairo to deepen cooperation.

  • Aramco Cancels Saudi Chemical Project as It Focuses on Asia

    Saudi Aramco has canceled plans to build a refinery and chemicals project in the kingdom and is reviewing three others as it evaluates spending plans with a focus on expanding in Asia. The cancellation is a sign Aramco is recalibrating its spending on chemicals to Asia, where it’s pursuing a series of deals in China that would also guarantee long-term demand for Saudi crude. Aramco sees the use of goods such as plastics outlasting the growth in consumption for gasoline and diesel amid the energy transition, with much of the expansion in chemicals likely coming from Asia.

  • A Saudi cartoonist has been sentenced to 23 years in prison, activists say

    Al-Ghamdi drew under the pen name Al-Hazza, with some of his cartoons poking fun at challenges during the holy Muslim fasting month of Ramadan, as well as touching occasionally on the politics of the Middle East. But political cartoons, like the content of Arabic-language newspapers in the Gulf states, must carefully thread the needle when discussing the region’s autocratic rulers even in the best of times.

  • New Saudi-U.S. Outfit WeirdBunch Launches With Aim to Make Marvel-Like Content With a Middle-East Flavor

    A new studio called WeirdBunch Entertainment, which aims to make Marvel-like content with a Middle-Eastern flavor, is being launched by a group of industry execs with offices in Saudi Arabia and Los Angeles. WeirdBunch brings together prominent Saudi puppeteer, producer and podcaster Ammar Al-Sabban, who worked on the Arabic adaptation of “Sesame Street”; Marvel comics writer B. Earl; Keith Fay, who is a former director of original series at Cartoon Network; and Saudi entrepreneur and financier Abdullah Al-Sabban.

  • Saudi Arabia and Beyond: Meet the Women Leaders in the World of Sailing

    With five America’s Cups under her belt and over 25 years of experience, Ryan has traveled far and wide to various race locations, including Saudi Arabia in November 2023. The venue for the America’s Cup Preliminary Regatta was the Jeddah Yacht Club – notably the only event ever to be hosted outside of Barcelona in this series of the America’s Cup. “I really wanted to spread the reality of what I saw in Saudi Arabia. A lot of people said to me, ‘How did you feel as a female event director running an event in Jeddah; was that challenging?’ I said, ‘Not in the slightest.’ There were many women involved in the Saudi Federation and organizations, and I never once felt any difficulty or challenge being a woman running professional events on this scale. And I wanted more people to realize that.”

  • SBC Concludes Participation in the Saudi-South African Business Forum

    The Saudi Business Center (SBC) has concluded its participation in the Saudi-South African Business Forum, which was held yesterday here by the National Competitiveness Center, the Federation of Saudi Chambers of Commerce, and the Department of Trade, Industry and Competition of the Republic of South Africa. SBC participated in the event to raise awareness about the services provided by government partners to the business sector, and to facilitate the initiation and conduct of business in Saudi Arabia.

  • EU sanctions Iran over alleged missile transfers to Russia

    The European Union has announced sanctions against more than a dozen Iranian individuals and firms, including the country’s deputy defence minister and national airline, over the alleged transfer of missiles and drones to Russia. The European Council said on Monday that seven individuals and as many entities in total would be subject to an asset freeze and travel ban over their involvement in transferring weapons and equipment to Moscow for use in its war against Ukraine.

  • Israel assures US it won’t strike Iranian nuclear or oil sites, US officials say

    The Biden administration believes it has won assurances from Israel that it will not hit Iranian nuclear or oil sites as it looks to strike back following Iran’s missile barrage earlier this month, two U.S. officials said Tuesday. The administration also believes that sending a U.S. Terminal High Altitude Area Defense battery to Israel and roughly 100 soldiers to operate it has eased some of Israel’s concerns about possible Iranian retaliation and general security issues.