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  • Red Sea Film Foundation Chief Jomana Al-Rashid on Fueling Saudi Arabia’s Cinematic Ambitions

    Variety spoke to Jomana Al-Rashid, who chairs the Red Sea Film Festival International Film Foundation, about nurturing Saudi’s rapidly evolving film scene. "For us, it’s about forms of expression and good storytelling, whether it’s indie films or the more commercial films. If you have a good story then that’s something that we are going to support."

  • Saudi Arabia strengthens cooperation with Japanese gaming and entertainment companies

    The economic newspaper Nikkei Asia reported that the Kingdom’s Public Investment Fund plans to transfer all of its gaming-related shares to its subsidiary Savvy Games Group. The move underscores Saudi Arabia’s commitment to nurturing and developing the gaming industry in the region. By partnering with Japanese companies known for their expertise and innovation in the gaming sector, Saudi Arabia aims to build a strong ecosystem that fosters creativity and technological advancement.

  • Stars gear up for Saudi Arabia Masters – all you need to know

    The inaugural event which has been given the unofficial title of being the sport’s ‘fourth major’ by organisers, is the biggest ever staged outside the UK in the sport’s history, with a £2.3m prize fund and £500,000 winner’s cheque available - equal to the amount on offer at the Crucible in Sheffield.

  • NEO, a new mobile banking brand, is being launched in Saudi Arabia by Saudi National Bank (SNB).

    Described as a “lifestyle digital banking and financial ecosystem”, the banking app comes with a multi-currency debit card (supporting up to 20 different currencies with fixed currency rates); a rewards programme, including cashback and discounts; gift cards; and additional services such as cinema, restaurant and hotel bookings.

  • TNS striker Young makes Saudi Arabia move

    The New Saints striker Brad Young, Welsh football’s leading goalscorer last season, has signed for Saudi Pro League club Al-Orobah for a £190,000 fee. Young, 21, was the Cymru Premier's golden boot winner for 2023-24 after his 22 goals helped TNS to the Welsh double.

  • ACWA Power locks in funds for 5.5 GW of solar in Saudi Arabia

    ACWA Power Co (TADAWUL:2082) has secured SAR 9.7 billion (USD 2.6bn/EUR 2.33bn) in financing from a consortium of local and international banks for the construction of three large-scale solar power plants in Saudi Arabia with a combined capacity of 5.5 GW.

  • Saudi Arabia launches Family Guidance Strategy

    The Family Guidance Strategy includes more than 12 initiatives that cover all family and societal requirements. It focuses on empowering and improving the performance of those working in the field of family guidance, in addition to qualifying them and developing their capabilities and skills. It enhances society’s understanding of the role of family guidance and its positive impact in improving family relations, resolving conflicts and supporting stability, through organizing and implementing several qualitative programs and initiatives for society and the family.

  • Saudi Arabia Expected to Cut Its Oil Prices to Asia for October

    Saudi Aramco, the world’s top crude oil exporter, is expected to cut the official selling price (OSP) of all its crude grades for Asia in October, according to the survey of five refining sources. Three of these Reuters sources expect the flagship Saudi crude grade, Arab Light, to be priced $0.50 to $0.70 per barrel lower than the September prices. A cut of $0.70 would make Arab Light cost Asian refiners $2.00 per barrel above the Oman/Dubai average.

  • Saudi Arabia’s fintech sector rakes in $1.84 billion in VC funding since 2018

    According to the latest official report from the General Authority for Small and Medium Enterprises (Monsha’at), Saudi Arabia’s financial technology startups have secured over $1.84 billion in venture capital investments since 2018. This significant achievement is largely attributed to the Fintech Saudi initiative, which has been a key driver of growth in the sector.

  • Ronaldo raves about life in Saudi Arabia and attractions like Red Sea, AlUla

    Cristiano Ronaldo said adapting to Saudi Arabia was easy for him and his family as the football star gushed about his life in the Kingdom and its many attractions such as the Red Sea and the ancient Arabic oasis, AlUla. “To be honest, I am really happy to be there [Saudi Arabia],” Ronaldo, who plays for the Saudi football club, Al Nassr, said in an interview with former Portuguese footballer, Rio Ferdinand.