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  • King & Spalding to Merge with Saudi Law Firm

    King & Spalding is merging with Saudi-based Abdulaziz H. Al Fahad & Partners Lawyers to strengthen its presence in the Kingdom. A document was filed with the appropriate authorities on 7 November regarding a proposed merger with Al Fahad & Partners, King & Spalding said. The filing indicates that the merged entity will operate as King & Spalding Law Firm, incorporating the operations of Al-Fahad and Partners. The two law firms will integrate to form a single entity, and it will retain a primary office in Riyadh, it added. As part of the merger, Al-Fahad's partners will receive financial compensation in addition to shares in the newly combined entity, the filing reports.

  • Saudi King, Crown Prince congratulate Trump on US election victory

    Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman on Wednesday congratulated Donald Trump for winning the US presidential election, the Saudi Press Agency (SPA) reported. In a cable sent to Trump, King Salman also praised the “historically close [bilateral] relations that everyone seeks to strengthen and develop in all fields.”

  • Ali Shihabi, Saudi Political Commentator, joins Frankly Speaking: Video

    On this episode of Frankly Speaking, we’re joined by renowned Saudi political commentator Ali Shihabi. With the US elections just days away, we ask - does Saudi Arabia have a preferred candidate in this divisive race? And could the historic Saudi-US security pact still redefine regional dynamics?

  • Saudi Arabia’s spending trajectory is sustainable, kingdom’s finance minister says: Video

    Mohammed al-Jadaan, Saudi Arabia’s minister of finance, says the kingdom’s non-oil revenues have grown significantly and cover about 37% of the national expenditure.

  • Golf Saudi CEO aims to break golf’s ‘elite’ image, making sport accessible to all

    “There’s the expression of ‘you build it and they will come.’ Golf is one of those sports that once a person adopts it, it’s almost for life. So, we’re working [towards that],” Alireza said speaking from the Riyadh Golf Club. “Our strategy in Golf Saudi is to build both demand and supply. But in order for the demand to come, the focus over the next two years is building as much infrastructure as possible,” he explained.  One way that Golf Saudi is working towards expanding interest for golf is working with entertainment facility TopGolf to build facilities across the Kingdom to draw in non-golfers who might eventually express bigger enthusiasm for the game.

  • Compliance Issues in the Construction Supply Chain in the Kingdom of Saudi Arabia

    The construction industry in the Middle East, especially in the Kingdom of Saudi Arabia (KSA), has witnessed rapid growth due to the mega-projects and Vision 2030, which aims to diversify the KSA’s economy. This expansion has also brought about complex compliance challenges in the construction supply chain. Financiers, developers, contractors, suppliers and stakeholders must ensure adherence to local laws and international standards to enable the successful delivery of projects. Non-compliance with such requirements can result in financial penalties, delays, additional costs and reputational damage.

  • Saudi Arabia says 540 companies have chosen Kingdom for regional headquarters

    Saudi Arabia’s investment minister said on Tuesday the number of companies in the Kingdom with a regional headquarters had reached 540, ahead of a 2030 target of 500. “Our target was 500 regional headquarters by 2030. I’m glad to announce we have reached 540 by this morning,” Khalid al-Falih said during the Future Investment Initiative (FII) conference in Riyadh.

  • Saudi weather authorities warn of thunderstorms, heavy rains across Kingdom

    Temperatures plummeted to a low of 17 degrees Celsius, while the maximum temperature was pegged at 27 degrees. Thursday night also saw cold winds blowing at high speeds, heralding the onset of winter in Riyadh. Following the heavy rains forecast, the Civil Defense also issued a warning for potential flooding in multiple regions of Saudi Arabia.

  • Saudi Arabia making ‘significant strides’ in health tourism, expert says

    “The integration of digital health solutions, such as telemedicine and e-health services, further supports sustainability goals. These innovations reduce the need for travel, lowering carbon emissions and making healthcare more accessible,” he said. Saudi Arabia’s healthcare infrastructure also plays a pivotal role, he said. "The Kingdom’s commitment to achieving international accreditation for its healthcare facilities ensures that they meet rigorous quality standards,” Baslom said.

  • Iranian Oil Kingpin’s Hedge Fund Manages Millions From London

    The building at 180 Brompton Road is one of the main outposts for Ocean Leonid Investments, a hedge fund overseen by Hossein Shamkhani, the secretive commodities trader whose network is an influential player in both Iran and Russia, according to more than a dozen people familiar with the matter and documents seen by Bloomberg.