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Top Names in Golf Commit to Saudi International Tournament in February
Saudi Arabia’s annual golf tournament secured two of the sports top names to compete in February, winning commitments from the world’s top-ranked golfer and the latest major championship winner on Monday to play in the Saudi International. Dustin Johnson, the world’s number one golfer, and Bryson DeChambeau, who won the U.S. Open by six strokes in […]
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Arab News Launches ‘Research and Studies’ Unit to Deliver ‘Thought-Provoking Studies by Experts on Regional Affairs’
Arab News, Saudi Arabia’s leading English-language daily news publication, has announced the establishment of a new Research and Studies Unit (RSU) which will “deliver thought-provoking studies written by a team of acclaimed resident and non-resident experts on a number of regional affairs,” according to a press release from the company.
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U.S. Again Tops Arms Exporters to the Middle East, Saudi Arabia, Report Says
A newly released report by the Center for International Policy finds the U.S. dominated arms and defense exports to the Middle East region between 2015-2019, accounting for nearly half of all deliveries of major weapons systems.
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G20 Trade and Investment Ministers Meet as Kingdom Reportedly Suggests Delay Main Summit until December
Trade and Investment Ministers from the G20 held a meeting today under the Saudi G20 Presidency to strengthen trade and investment policy cooperation towards an inclusive and sustainable economic growth amid the COVID-19 pandemic.
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Saudi Arabia’s Oil Exports to the U.S. Hit 35-Year Lows as Goldman Sees Oil at $65 Next Year
Saudi Arabia’s oil exports to the United States fell nearly 50% year-on-year in August 2020, reaching a 35-year low in oil imported from the Kingdom, according to CNN which cited info from ClipperData.
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Brent Oil Reaches 5 Month High as Saudi Aramco Announces Discovery of Two New Oil and Gas Fields
The price of oil on the UK’s Brent Oil index reached a 5-month high on Monday as supply output cuts continue to push the price of oil higher, according to reports.
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PIF Sets Up New Real Estate Subsidiary to Help Meet Increasing Local Demand for Housing
Saudi Arabia’s Public Investment Fund (PIF) said it had set up a new real estate subsidiary, called “Roshn,” to help meet increasing local demand for housing, according to reports.
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Saudi Mega-city NEOM Signs Agreement with US-based Bechtel for Executive Project Management Work
Saudi Arabia’s futuristic mega-city NEOM has awarded a contract to U.S.-based Bechtel for executive project management work on the development of the primary, base infrastructure for NEOM, according to a press release issued by NEOM.
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Death Toll Climbs from Beirut Explosion as Saudi, UAE Express Condolences, Solidarity with Lebanese People
The death toll from the massive explosion that rocked Beirut, Lebanon yesterday continues to climb as Saudi Arabia and the UAE pledge solidarity and support to the Lebanese people.
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New Mahd Sports Academy in Riyadh will Focus on Discovering and Developing the Kingdom’s Next Sports Talents
Saudi Arabian sports officials on Monday unveiled in Riyadh a new project to discover and nurture young sports talent in the Kingdom, according to reports.
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MUST-READS
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Saudi FM slams Israel’s ‘barbaric practices’ against ‘defenseless’ Palestinian civilians
Prince Faisal urged the UN to recognize Palestine as a full member, saying: “We welcome the adoption by the General Assembly on May 10, 2024, of a resolution that states that the state of Palestine fulfills all the conditions to become a fully fledged member state of our organization, and we welcome the decision of Norway, Spain, Ireland, Slovenia and Armenia, who have recognized the brotherly country of Palestine.”
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Huge fire ravages one of Jeddah’s largest markets
A devastating fire has ravaged large parts of Jeddah International Market, one of the largest markets in the governorate. Two firefighters died while performing their duties to extinguish the fire at the famous market, which broke out at 6 a.m. on Sunday, according to the Civil Defense. More than 20 firefighting units were pressed into service to contain the rapidly spreading flames as the market in the Al-Rawdah district was partially engulfed in smoke.
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Saudi National Orchestra dazzles London with a breathtaking concert at Westminster Hall
In a night filled with grandeur and cultural resonance, the Saudi National Orchestra and Choir performed to a full house at Westminster Hall in London, marking a momentous occasion for Saudi music on the international stage. Organized by the Saudi Music Commission, the concert, titled Marvels of Saudi Orchestra, was the grand finale of the orchestra’s London tour before heading to its next destination, Tokyo. This event is part of Saudi Arabia's broader efforts to elevate the global presence of its cultural and artistic talents.
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Foreign Minister Delivers Saudi Arabia’s Speech at the 79th Session of the UN General Assembly
Our world today is witnessing many crises exacerbated by the satisfaction of managing them without finding practical solutions to address them. This is due to the laxity of practical international efforts and selectivity in implementing international law and international humanitarian law. This has resulted in the expansion of the circle of violence and conflicts and the threat to the principles of international legitimacy. This requires us to adhere to the principles and foundations set by the United Nations Charter, work together, and focus on long-term peaceful solutions that ensure the protection of civilians, end fighting and wars, and provide security and development regionally and internationally.
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Saudi Arabia sees 656% surge in leisure tourism in 2024
The most notable development is a 656% increase in tourists arriving for entertainment and holiday purposes. The ministry highlighted that 4.2 million tourists visited for these reasons in the first seven months of 2024, reflecting a 25% rise from the previous year and a significant leap from pre-pandemic levels in 2019.
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Saudi companies secure $3.2bln funding for 5.5GW solar projects
A consortium comprising Saudi-listed ACWA Power, the Water and Electricity Holding Company (Badeel), a wholly owned company of PIF and Saudi Aramco Power Company (SAPCO), a wholly owned unit of Aramco, has secured financial close on 5.5 gigawatt (GW) solar PV projects worth 12 billion Saudi riyals ($3.2 billion).
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Aster DM Gulf unit explores $250m Saudi expansion
The UAE-based hospital chain Aster DM Healthcare’s Gulf unit is exploring acquisitions worth $250 million to expand its presence in Saudi Arabia. The deals will focus on medical centres and hospitals, Bloomberg reported, quoting Alisha Moopen, managing director and group CEO of Aster’s Gulf Cooperation Council unit. These deals will be finalised in the next three to five years, she said.
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Commentary: Nasrallah’s death is a wake-up call for the Arab world
This pattern of inaction extends beyond Hezbollah. In the broader Arab world, there is a growing awareness that Iran’s promises of “resistance” have only deepened regional instability, resulting in endless cycles of conflict and devastation, particularly in Lebanon, Syria and Yemen. Nasrallah’s incendiary speeches painted a picture of eventual triumph over Israel, but on the ground Hezbollah’s actions yielded little progress in the Palestinian cause, only further isolating Lebanon in its perpetual state of conflict.
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Saudi executes 198 in 2024, most in over 30 years: AFP
The latest tally surpassed its previous highs of 196 in 2022 and 192 in 1995, according to the London-based human rights group, which began recording the annual data in 1990. The 198 executions this year compare with 170 in 2023, according to tallies compiled by AFP from official media reports.
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Commentary: A view from Israel – Pezeshkian’s Israel stance could undermine his domestic priorities and nuclear diplomacy
Masoud Pezeshkian’s victory in Iran’s July presidential elections gained little attention or enthusiasm in Israel. The elections took place amid the Israel-Hamas war in Gaza following the Hamas-led attack on Israel on 7 October attack last year. It is Israel’s longest war. Israel has also been involved in a simultaneous war against Hezbollah, which started after the latter’s unilateral attack on 8 October and has escalated significantly in recent weeks. These conflicts, coupled with the ongoing hostage crisis, have taken up most of the news cycle in Israel.
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