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  • Saudi Arabia updates regulations for temporary work visas for Hajj and Umrah services

    These changes, approved by the Saudi Cabinet in its session on Tuesday, will aim to provide more flexibility for the private sector, allowing businesses to better align visa needs with labor market demands and contribute to creating a more attractive work environment, SPA added. One of the updates is the renaming of the seasonal work visa to the “temporary work visa for Hajj and Umrah services,” and extending the grace period for these visas from Shaban 15 until the end of Muharram (around Feb. 14 to July 25).

  • 517 int’l companies licensed to open regional HQs in Saudi Arabia

    As many as 517 international companies were so far granted licenses to open their regional headquarters (HQs) in Saudi Arabia, Ministry of Investment said in its 2025 pre-budget statement. This came thanks to the efforts made under the National Investment Strategy (NIS), the minister noted. This surpassed the target to have regional HQs of 500 international companies by 2030, it further stated.

  • Saudi Arabia’s FM calls on world to publicly support Palestinian statehood

    The Global Alliance for the Implementation of the two-state solution was unveiled during Prince Faisal bin Farhan’s speech at a meeting on the sidelines of last week’s UN General Assembly in New York that included the Arab League, the Organization of Islamic Cooperation (OIC) and Norway. “Self-determination is an inalienable right that the Palestinian people not only deserve but are entitled to. Our diplomats have worked tirelessly alongside others to secure recognition of Palestine as a sovereign state globally,” Prince Faisal wrote in the op-ed.

  • All eyes on improving infant health in Saudi Arabia

    One crucial indicator of a nation’s health, social stability, and economic development is infant mortality. Currently, Saudi Arabia has an infant mortality rate (IMR) of 5.1 infant deaths per 1,000 live births, placing it 63rd out of 253 countries globally. By comparison, developed G20 countries like Japan and Italy have the lowest IMRs of 1.6 and 2.2, respectively.

  • Work to resume on world’s tallest tower in Saudi Arabia

    Construction is to resume on the world’s tallest tower in Jeddah, Saudi Arabia, which will be over one kilometre high when completed. Jeddah Economic Company (JEC), an associate of Kingdom Holding Company (KHC) chaired by Prince Alwaleed Bin Talal, has reached an agreement with Saudi Binladin Group to continue developing the Jeddah Economic Company Tower, KHC said in a statement to the Saudi stock exchange on Wednesday. So far, 63 of the planned 157 floors have been completed. Construction is slated to be completed in 42 months.

  • Saudi Arabia’s Quantum raises investment from HearstLab

    Quantum, Saudi Arabia’s leading adtech and data platform that connects advertisers with publishers, announced today that it has secured funding as part of its $7 million Pre-Series-A round from HearstLab, the investment arm of Hearst Corporation dedicated to scaling early-stage, women-led tech startups. This marks HearstLab’s inaugural investment in the Middle East and underscores the rapid growth of Saudi Arabia’s tech ecosystem.

  • Saudi Arabia hopes for de-escalation in Middle East, economy minister says

    Saudi Arabia is hoping for de-escalation and dialogue, Economy Minister Faisal al-Ibrahim said on Wednesday, when asked at a conference in Berlin about the situation in the Middle East following Iran's missile attack against Israel. Al-Ibrahim called the escalation unfortunate but said it was very hard to avoid discussing. "We hope that wisdom will prevail, de-escalation will happen, dialogue will come into place and more

  • NEOM unveils Sindalah Yacht Club interiors ahead of 2024 opening in Saudi Arabia

    Sindalah will be the first island destination in NEOM and has been developed in collaboration with world-renowned Italian designer Stefano Ricci. Sindalah Yacht Club is set to become a premier destination for yacht owners, offering an unmatched gateway to the Red Sea.

  • Saudi Arabia’s hyperlocal retail market poised for $13.5bn surge, driving sector growth by 2030

    The retail market sector in Saudi Arabia is projected to see a major growth, with hyperlocal marketing emerging as a major driver with an estimated $13.5 billion (SAR 50 billion) in size, accounting for nearly 2 per cent of the country’s non-oil GDP over the next five years, a market study and sector experts said. The Kingdom’s hyperlocal market – serving customers in small geographical areas – is also predicted to see a slew of IPOs (initial public offers) as the leading players scurry to raise investments to fund their aggressive growth plans amidst the market seeing major consolidation drive.

  • Saudi Arabia’s ACWA Power, Turkey Discussing Energy Investment

    Saudi Arabia’s ACWA Power Co. is in talks with Turkey about investing in the country’s green-energy industry, according to Turkish officials familiar with the negotiations. Turkey’s Vice President Cevdet Yilmaz told a local news channel over the weekend that a “Saudi-owned company” had expressed interest in investing $5 billion in energy and other sectors. The talks are between ACWA Power and the Ministry of Energy and Natural Resources, the officials said, asking not to be identified because the matter is private. It’s not clear how far those talks have advanced.