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  • With transfer season underway Saudi Professional League evolves strategy
     

    The SPL has shifted from last year’s extensive talent acquisition—where 97 players were signed—to a more strategic approach this season. The Saudi transfer window opened on July 18 and will close on September 2, aligning with European leagues. This change indicates a focus on filling specific gaps and enhancing overall team quality rather than a […]

     
  • KSA sets air traffic records
     

    Saudi Arabia has witnessed remarkable growth in its air traffic during the first half of 2024, according to the General Authority of Civil Aviation (GACA). The Kingdom has reported a significant growth in passenger traffic, flights, air cargo, and connectivity.

     
  • Aquaculture in KSA
     

    Saudi Arabia’s aquaculture sector has witnessed remarkable growth in recent years, with production increasing by 400% between 2015 and 2022. This rapid expansion can be attributed, in part, to a concerted effort from public and private stakeholders to bolster food security in the region, improve economic diversification, and reduce overreliance on food imports.

     
  • NASA Signs US, Saudi Arabia Agreement for Civil Aeronautics, Space Collaboration
     

    The United States and Saudi Arabia signed a framework agreement that opens new possibilities for cooperation with NASA in areas such as space science, exploration, aeronautics, space operations, education, and Earth science. NASA Administrator Bill Nelson signed on behalf of the U.S., and CEO of the Saudi Space Agency Mohammed bin Saud Al-Tamimi signed on behalf […]

     
  • World Bank Lauds KSA for Breakthrough Pension Reforms
     

    Saudi Arabia took a big leap forward in transforming its pension system with the recent announcement of comprehensive reforms, designed with support from the World Bank, aimed at enhancing income protection during old-age, but also promoting gender equality. 

     
  • Buy Now, Pay Later (BNPL) services on the rise in Saudi Arabia
     

    In a recent study, Redseer Strategy Consultants shared that the use of Buy Now, Pay Later (BNPL) services is on the rise in the Middle East. The UAE and Saudi Arabia outscored their regional peers. 

     
  • Saudi Arabia rises on Expat Insider 2024 rankings
     

    For its 11th edition of the Expat Insider survey, InterNations surveyed 12,500 expats representing 175 nationalities living in 174 countries or territories on their thoughts on what it’s like to live and work abroad. 

     
  • The 966, #133, How Working Women are Changing Saudi Arabia with Dr. Jennifer Peck, Swarthmore College
     

    In Episode #133 of The 966 podcast host Richard Wilson welcomes Dr. Jennifer Peck, Swarthmore College, who has done extensive and fascinating research on women in Saudi Arabia’s labor market as well as recently being featured in Foreign Affairs magazine for her superbly researched and written article, Working Women are Changing Saudi Arabia: Reforms Have Made […]

     
  • The Impact of Healthcare Investments on Saudi Arabia’s economy
     

    The Observer Research Foundation, a leading think tank based in India, examined Saudi Arabia’s spending and strategy with regard to improving health care for its citizens. 

     
  • Dollar-priced oil ending? What’s the story?
     

    A claim emerged in Chinese-language social media posts in June that Saudi Arabia terminated a 50-year formal agreement with the United States to conduct oil transactions in U.S. dollars, under a deal called the “petrodollar agreement.”

     

MUST-READS

  • Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia

    The stake in Anthropic is for sale because it belongs to FTX, the failed cryptocurrency exchange started by Sam Bankman-Fried, and is being unloaded as part of the company’s bankruptcy proceedings. FTX bought the shares three years ago for $500 million. The 8% stake is now worth more than $1 billion due to the recent boom in AI.

  • Saudi Arabia plans $40 bln push into artificial intelligence, NYT reports

    Saudi Arabia's government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the plans.
    Representatives of Saudi Arabia's Public Investment Fund (PIF) have discussed a potential partnership with U.S. venture capital firm Andreessen Horowitz and other financiers in recent weeks, the newspaper reported.

  • Navigating Transfer Pricing for Regional Headquarters in The Kingdom of Saudi Arabia

    The setup and operation of an RHQ in Saudi Arabia entail intricate transfer pricing considerations. These include assessing business restructuring for compliance, developing equitable cost allocation methods, and analyzing subcontracting and remuneration mechanisms to align with the arm's length principle. These steps are vital to prevent potential penalties, double taxation, and safeguard the company’s reputation while adhering to local laws.

  • Saudi Arabia’s thriving startup scene driven by women

    It's now almost impossible to imagine the Saudi economy without the thriving startup scene and its female entrepreneurs. Less than a decade ago, the situation was largely different.

  • Muslims spot Ramadan crescent moon in Saudi Arabia, meaning month of fasting starts Monday for many

    The sacred month, which sees those observing abstain from food and water from sunrise to sunset, marks a period of religious reflection, family get-togethers and giving across the Muslim world. Seeing the moon Sunday night means Monday is the first day of the fast. Saudi state television reported that authorities there saw the crescent moon. Soon after, multiple Gulf Arab nations, as well as Iraq, Syria and Egypt followed the announcement to confirm they as well would start fasting on Monday. Leaders also shared messages of congratulations the month had begun.

  • Muslims spot Ramadan crescent moon in Saudi Arabia, meaning month of fasting starts Monday for many

    The sacred month, which sees those observing abstain from food and water from sunrise to sunset, marks a period of religious reflection, family get-togethers and giving across the Muslim world. Seeing the moon Sunday night means Monday is the first day of the fast. Saudi state television reported that authorities there saw the crescent moon. Soon after, multiple Gulf Arab nations, as well as Iraq, Syria and Egypt followed the announcement to confirm they as well would start fasting on Monday. Leaders also shared messages of congratulations the month had begun.

  • Saudi Arabia starts to localize 35% of dental profession

    Saudi Arabia’s Ministry of Human Resources and Social Development (HRSD) started to localize 35% of the dental profession in the private sector as of today, March 10.   The decision, issued by HRSD Ministry in partnership with the Ministry of Health, will be implemented in the private-sector institutions with three or more workers.   The Health Ministry will oversee and implement the decision, in line with the job market and the requirements of the dental profession.

  • Max Verstappen cruises to victory at Saudi Arabian GP to extend dominant start to F1 title defense

    Max Verstappen stayed firmly on course for another season of dominance in Formula 1 on Saturday by winning the Saudi Arabian Grand Prix. Even after just two races, and despite turmoil at Red Bull, Verstappen seems in near-total control on the track as he aims for a fourth consecutive title this year. Still, he had to share the attention with 18-year-old Oliver Bearman, who was a surprise seventh in his first F1 race as a Ferrari stand-in

  • Ramadan 2024 in Saudi Arabia: Prayer Time, Start Date and More

    The Saudi Ministry of Islamic Affairs is yet to confirm the official date following the sighting of the crescent moon on Sunday. If the moon is observed with the naked eye on Sunday, Ramadan begins on March 11. If Shaaban, the eighth month in the Islamic calendar comples 30 days, the first day of the holy month will be on March 12.

  • Baseball United signs historic partnership to bring game to Saudi Arabia

    Baseball United has announced a historic partnership deal with the Saudi Baseball and Softball Federation (SBSF) that provides them an unlimited term to host professional league and tournaments in the kingdom. It includes rights to new Baseball United franchises representing Riyadh, Jeddah, and Dammam – three of the kingdom’s largest cities, marking professional baseball's first foray into Saudi Arabia. “This is a monumental day for the sport of baseball,” Kash Shaikh, chairman, CEO, and co-founder of Baseball United, said.