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  • 25,000 artifact fragments from early Islamic period unearthed from Historic Jeddah

    As many as 25,000 fragments of artifacts dating back the Islamic caliphates during the first two centuries of the Hijri Calendar, corresponding to the 7th to 8th centuries AD, have been discovered from the Jeddah Historic Area. The announcement in this regard was made by the Jeddah Historic District Program (JHDP), in collaboration with the Saudi Heritage Commission. The archaeological discoveries were announced as part of the Historic Jeddah Revival Project, initiated by Crown Prince and Prime Minister Mohammed bin Salman.

  • Sah bonds: All you need to know about Saudi Arabia’s first dedicated savings product for individuals

    Saudi Arabia has launched the subscription to its first savings product dedicated to individuals – Sah –  with a yield reaching 5.64 percent on the first issuance. Registration for the Islamic-compliant bond, issued by the Ministry of Finance, started on Sunday, Feb. 4, at 10 a.m. and will end on Tuesday, Feb. 6, at 3 p.m. The Sah bonds are organized by the National Debt Management Center and designed as a savings product for individuals, offering attractive returns.  The bonds are offered monthly according to the issuance schedule, with a one-year savings period, fixed returns, and profits disbursed at the end of the bond’s maturity date.

  • Non-oil business activity in Saudi Arabia and UAE grew in January

    Business activity in the non-oil private sector economies of Saudi Arabia and the UAE continued to expand in January, albeit at a slower pace, amid continued growth momentum in the Arab world’s two largest economies. The seasonally adjusted Riyad Bank purchasing managers’ index ­– a crucial gauge of the kingdom’s non-oil economy – slipped to 55.4 in January, down from 57.5 in December. Though the headline PMI was at the lowest level in two years, the upturn remained strong overall and widespread across the monitored sectors, as it remained well above the neutral 50 mark that separates growth from contraction.

  • What next for Saudi Arabia’s football vision as big ambitions meet player discontent?

    There is ambition in Saudi to bring more players in but across the league there have been complaints about standards in the game’s infrastructure there, be it the training grounds or the support staff. “They are realising that they have to start investing in facilities, physios and nutritionists to professionalise everything,” said an agent — who like others in this article spoke on the condition of anonymity to protect relationships — of a player in the Saudi Pro League. “The day-to-day care and attention to detail of the high-level athletes in Europe is much higher and more serious than in Saudi Arabia,” another agent of a player in Saudi said. “They are more laidback and relaxed, and that has led to significant discontent in the leading European players.”

  • McIlroy has ‘frank discussion’ with Spieth over Saudi comments

    Rory McIlroy may have stood down from the PGA Tour Policy Board to focus on his game, but that hasn't stopped the Northern Irishman from stepping right back into the debate over the possible merger with the Saudi-backed LIV Golf League.

  • Defense Ministers From Saudi-Led Counterterrorism Coalition Meet In Riyadh

    The second meeting of defense ministers from the member states of the Islamic Military Counter Terrorism Coalition took place in Riyadh on Saturday. Saudi Defense Minister Prince Khalid bin Salman, who also serves as chairman of the coalition’s Council of Defense Ministers, inaugurated the meeting. Under the theme “Combating Terrorism: A Shared Responsibility,” the talks were attended by 42 IMCTC member states as well as three supporting countries.

  • Saudi Arabia sees 54% rise in industrial license approvals 

    The Saudi manufacturing sector continues to strengthen, with the Kingdom issuing 122 industrial licenses in December 2023, up from 79 in the same month the previous year.   The non-metallic minerals and non-ferrous metal manufacturing sector secured 18 permits from the Ministry of Industry and Mineral Resources, with the food manufacturing sector following closely with 15, as reported by the Saudi Press Agency.  The chemicals manufacturing sector received 11 licenses, while the rubber and plastics production industry obtained 10 approvals, stated the SPA report.   It further noted that from the beginning of 2023 until the end of December, the ministry issued a total of 1,379 industrial licenses. 

  • Boeing Saudi and Bahri Logistics team up for supply chain enhancement

    The supply chain and distribution sectors within Saudi Arabia are poised for growth thanks to a new partnership between Boeing’s local subsidiary and Bahri Logistics.  According to a press release, the aircraft industry company aims to enhance its supply chain operations in the Kingdom through the agreement, with a specific focus on elevating the cargo firms’s role in supporting services and defense-related products.  The partnership will explore various opportunities, including freight forwarding, warehousing, inventory management, and performance-based consulting. This will leverage Bahri Logistics’ established capabilities and supply channels in the region. 

  • How Saudi Arabia is using wildlife conservation, habitat protection, and the green transition to preserve its ecosystems

    Saudi Arabia aims to be at the forefront of environmental protection through initiatives aimed at restoring and maintaining the ecological balance, which promotes harmonious and flourishing ecosystems. Climate action, clean energy, and preserving habitats are just some of the 17 Sustainable Development Goals incorporated into Saudi Arabia’s 2030 Agenda for Sustainable Development. The SDGs serve as a blueprint for achieving a balanced ecosystem for wildlife, water, and the environment in the Kingdom. Without balance, ecosystems face major challenges from global warming, water shortages, and the loss of biodiversity.

  • Sony ME hosts event to empower Saudi content creators

    Sony Middle East organised an event in Riyadh aimed at providing a platform for Saudi content creators to network, share insights, and enhance their skills. The boom in content creation has transformed media consumption in Saudi Arabia, with a growing number of individuals using platforms like YouTube, TikTok, and Instagram to produce and publish content. This has led to a rise on competition, driving creators to seek innovation and improve content quality. The convention by Sony Middle East featured workshops and discussions led by experts, focusing on fostering collaboration among influencers and exploring the core of creativity.