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  • The Importance of Venture Capital for Startups in Saudi Arabia

    Startups are a critical component of the 21st-century economy, driving innovation, creating jobs, and fostering national economic growth. In Saudi Arabia, venture capital (VC) is gaining increasing importance in supporting startups and enabling them to grow and thrive. In this article, we'll explore the importance of venture capital for startups in Saudi Arabia and its impact on the national economy.

  • Saudi Arabia starts reducing payment of accumulated traffic fines by 50% today

    The General Department of Traffic (GDT) started today, April 18, reducing the payment of accumulated traffic fines by 50%.   The decision applies traffic violations committed by Saudi nationals, residents, visitors, and GCC nationals before today, GDT said in a statement.   To benefit from the decision, the violator should pay all accumulated fines within six months, starting from April 18 until October 18, 2024.

  • Raytheon Saudi Arabia enters strategic partnership with GAMI

    The initiatives include exploring the manufacturing and testing of a number of key components within the Kingdom’s Patriot air defence system - including the production of the Patriot missile launcher with Arabian International Company (AIC) for Steel, the manufacturing of the GEM-T missile canister with Zahid Industries, and the final assembly, integration, and testing of the Patriot GEM-T effector with Saudi Arabian Military Industries (SAMI).

  • Sources deny Saudi Arabia’s participation in intercepting Iranian attacks on Israel

    Informed sources denied to Al Arabiya on Monday Saudi Arabia’s participation in intercepting Iranian drones during its attack on Israel on Saturday. Israeli news websites had published statements attributed to an official Saudi website stating that the Kingdom participated in the recent defense coalition that confronted the Iranian attacks. “There is no official website that published a statement about Saudi participation in intercepting attacks against Israel,” the sources told Al Arabiya.

  • Saudi Arabia starts revealing names of arrested harassers

    The Saudi security authorities have begun announcing the names of those arrested on harassment charges. In a press statement issued on Friday, Makkah police revealed for the first time the full name of the accused while announcing the arrest of an Egyptian expatriate for harassing a woman.

    The police said that legal measures were taken against the arrested Egyptian, Walid Al-Sayed Abdel Hamid, and that he was referred to the Public Prosecution.

  • Miss Universe organization disputes reports of Saudi Arabia’s participation in 2024 pageant

    The Miss Universe Organization is disputing a flurry of what it calls “false and misleading” reports of Saudi Arabia’s participation in its 2024 pageant — news that, were it true, would have marked the Middle Eastern country’s debut. “No selection process has been conducted in Saudi Arabia, and any such claims are false and misleading,” the pageant said in a statement provided to CNN and released on its official website.

  • Foreign liaison visit strengthens Naval supply partnership between US, Saudi Arabia

    A delegation from Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS) embarked on a significant foreign liaison visit to the Kingdom of Saudi Arabia to support maritime and aviation cooperation March 3. “Inviting our team to Saudi Arabia to discuss current and future capabilities is a testament to the value of open communication,” expressed Cmdr. Albert Sonon, NAVSUP WSS, Director of International Programs. “Sustaining weapon systems is not just an individual task but a collective effort between Nations.” The NAVSUP WSS International Programs delegation’s objective was to meet with key Saudi Arabian officials and discuss various aspects of logistical support and readiness capabilities.

  • State Department OKs Potential $101M MIDS Terminal Sale to Saudi Arabia

    The State Department has approved the government of Saudi Arabia’s request to procure communications and navigation terminals and associated equipment from the U.S. government under a potential $101.1 million foreign military sales agreement.

  • Saudi Arabia starts enforcing first phase of regulating order delivery sector

    The Saudi Transport General Authority (TGA) has started enforcing the first phase of the decisions to regulate the order delivery sector from Tuesday, April 2. This covers three decisions such as obligating non-Saudis working in delivery applications to join one of the companies licensed for light transport activity in four regions of the Kingdom in the first phase; limiting freelance work to Saudis, in addition to issuing controls regulating the use of motorcycles in delivering orders in coordination with the General Department of Traffic, and adoption of uniform for drivers.

  • Saudi Arabia’s startups raise $198 million in March 2024

    In a landmark month for the region’s startup ecosystem, Saudi Arabia emerged as the hot spot of fundraising activities, with total investments soaring to $198 million in 25 transactions. This surge, the highest in the region, underscores the growing vibrancy and investor confidence in Saudi Arabia’s startup landscape.