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  • Riyadh leads Saudi Arabia’s hot property market

    Strong population and employment growth in Riyadh is driving a surge in real estate transactions as new properties cannot come on the market fast enough. A dramatic rise in the number of deals in the 12 months to the end of June was also visible in Jeddah and Dammam, according to a report this week by real estate consultancy CBRE. Authorities are trying to raise the national home ownership rate to 70 percent under Vision 2030. An estimate shared with AGBI by the Sico Bank research team last month found that Saudi Arabia has already hit a “fairly strong” 62 to 65 percent of citizens owning their home.

  • Saudi Arabia to set up $186m concrete factory to supply 170km-long city

    Plans have been announced to build a $186m concrete plant as part of the huge Neom development programme in Saudi Arabia’s northwestern Tabuk Province. Saudi building materials company Asas Al-Mohileb is to develop and operate the facility, which will be able to produce over 20,000 cubic metres of ready-mix a day. The multi-plant facility will incorporate carbon capture and utilisation technology.

  • U.S. approves weapons sales to Saudi Arabia, UAE valued up to $2.2B

    The U.S. State Department approved the sale of billions of dollars in weapons to Saudi Arabia and the United Arab Emirates, two important allies against Iran as tensions rise in the Middle East. The Biden administration told Congress that it approved the sale of dozens of Hellfire and Sidewinder missiles to Saudi Arabia. The more than $1 billion sale also includes artillery, tank and machine gun ammunition.

  • Walking a Tightrope: How Gulf States are Navigating the Iran-Israel Conflict

    While Washington and Tel Aviv often present their partnerships with the Gulf as a success, the reality is more complex. Since 2021—and particularly after the March 2023 reconciliation agreement between Iran and Saudi Arabia—the GCC states have increasingly prioritized diplomacy over confrontation, engagement over isolation, and regional dialogue over military escalation. This is a major shift from the time of the Donald Trump administration, when Saudi Arabia, Bahrain, and the United Arab Emirates openly supported the U.S. “maximum pressure” campaign against Iran, hoping to contain Tehran’s influence through U.S. and Israeli security guarantees.

  • FIFA urged to put more human rights scrutiny into 2034 World Cup deal with Saudi Arabia

    Two months before FIFA is set to confirm Saudi Arabia as the 2034 World Cup host, the soccer body was urged again Friday to allow independent scrutiny of the kingdom’s human rights obligations for the tournament.  A group of law and human rights experts plus Saudi activists abroad want FIFA to mandate ongoing reviews — and a potential termination clause — into the 2034 World Cup hosting contract.

  • Riyadh Air and foreign airlines: Transforming Saudi Arabia’s global connectivity

    The country’s current network faces a significant absence in direct routes between Riyadh and major global cities. The carrier plans to address this issue. While Saudi Arabia’s national carrier Saudia continues to serve regional destinations from Jeddah, Riyadh Air will provide more direct links between the capital and major international cities.

  • Iran’s intra-generational divide is widening

    Recent research by Dr Mansour Saei, a prominent Iranian communication scholar, unveils a society where parents and children increasingly inhabit parallel universes. The generation born between 1995 and 2010, dubbed Gen Z, is forging an identity that not only diverges from but often collides with the values and expectations of their elders.

  • Secret Documents Show Hamas Tried to Persuade Iran to Join Its Oct. 7 Attack

    Minutes of Hamas’s secret meetings, seized by the Israeli military and obtained by The New York Times, provide a detailed record of the planning for the Oct. 7 terrorist attack, as well as Mr. Sinwar’s determination to persuade Hamas’s allies, Iran and Hezbollah, to join the assault or at least commit to a broader fight with Israel if Hamas staged a surprise cross-border raid.

  • Saudi media ministry launches initiative to showcase diverse lives of residents

    The Global Harmony initiative aims to showcase the diverse lives of residents in the Kingdom, highlighting their professional and family life, social and recreational activities, contributions to the economy, success stories, and cultural integration in Saudi society, according to the Ministry of Media. It will also highlight government and private sector efforts to improve the quality of life in Saudi cities.

  • Al-Jasser: Saudi Arabia spends SR 200 billion out of the planned SR1 trillion to implement National Transport Strategy

    Inaugurating the first edition of the Global Logistics Forum at the King Abdullah Financial Center in Riyadh on Saturday, the minister said that the Kingdom's huge spending on transport and logistics sector has enabled Saudi Arabia to advance 17 places in global rankings on the “Logistics Performance Index” issued by the World Bank, and 14 places on the “Global Connectivity Index” of International Air Transport Association (IATA).