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  • Saudi Arabia reveals strides in local defense production as it races towards ambitious 2030 goal

    “The Authority [GAMI] worked to sign more than 53 industrial cooperation programs worth approximately 35 billion riyals [$9.32 billion] with local and international companies, including approximately 13 billion riyals [$3.46 billion] purchase orders for local companies,” he said. Saudia Arabia’s General Authority for Military Industries (GAMI) “issued many policies and legislation that regulate and stimulate the sector and enhance the competitiveness of the local product, which raised the localization rate from 4 percent in 2018 to 19.35 percent at the end of last year of military spending,” GAMI head Ahmad Abdulaziz Al-Ohali said Thursday during a dialogue session at the Local Content Forum.

  • Iran’s delicate balancing act as it hails ICC warrant for Netanyahu

    The ICC on Nov. 21 issued arrest warrants for Netanyahu alongside his former defense minister Yoav Gallant. In addition, the court seeks the detention of Mohammad Deif, the commander of the military wing of the Palestinian Hamas movement. While Iranian media are celebrating the development, Iranian officials are more measured in their response—not least because the same court is also seeking the arrest of Russian President Vladimir Putin, a key partner of the Islamic Republic.

  • Hezbollah fires about 250 rockets and other projectiles into Israel in heaviest barrage in weeks

    Hezbollah fired about 250 rockets and other projectiles into Israel on Sunday, wounding seven people in one of the militant group’s heaviest barrages in months, in response to deadly Israeli strikes in Beirut while negotiators pressed on with cease-fire efforts to halt the all-out war. Some of the rockets reached the Tel Aviv area in the heart of Israel. Meanwhile, an Israeli strike on an army center killed a Lebanese soldier and wounded 18 others in the southwest between Tyre and Naqoura, Lebanon’s military said. The Israeli military expressed regret, saying that the strike occurred in an area of combat against Hezbollah and that the military’s operations are directed solely against the militants.

  • Contentious COP29 deal shows climate cooperation fraying at edges

    One of the sources - a person in the COP29 presidency - told Reuters that they worked through challenging negotiations until the last minute to ensure what it called the Baku Breakthrough, but still prepared different versions of the final speech for different possible outcomes. In the end, Babayev managed to gavel through the $300 billion finance plan to help developing nations cope with the soaring costs of global warming over the next decade before critics had time to object, allowing him to read the more positive speech.

  • NEOM Beach Games Concludes with World Aquatics Open Water Swimming Cup NEOM

    The World Aquatics Open Water Swimming World Cup NEOM made its first appearance at NEOM Bay yesterday, bringing together 70 athletes from 17 nationalities and marking an exciting conclusion to both the Open Water Swimming World Cup series and the NEOM Beach Games 2024. The finale of the World Aquatics Open Water Swimming World Cup NEOM, featuring 37 men and 33 women competitors, including two Saudi athletes, showcased NEOM's commitment to hosting world-class competitions along its unique Red Sea coastline.

  • Riyadh’s driverless metro to open three lines this week

    The first phase of the driverless Riyadh metro will open on Wednesday, with three of its six lines available for commuters, the project's official page on social media platform X announced on Saturday. In October, Saudi Arabia's Minister of Transport and Logistics, Saleh bin Nasser AI Jasser, said the project was in its "final phases" and was undergoing tests. Once fully operational, the Riyadh metro is expected to be the largest in the world to be completed in a single phase and is expected to boost the value of commercial and residential real estate in the Saudi capital, especially in areas where it is immediately accessible.

  • Bushra Bibi’s Saudi jibe draws scathing govt flak

    The government unleashed a scathing response on Friday by turning the controversial remarks of jailed PTI founding chairman Imran Khan's wife, Bushra Bibi, about Saudi Arabia into a fresh political flashpoint that left the former ruling party scrambling for damage control just ahead of its planned rally in the federal capital on November 24. Prime Minister Shehbaz Sharif led the charge by branding Bushra Bibi's comments as a dangerous affront to Pakistan's ties with the Kingdom, and a blow to national interest. He said that spewing venom against a country that stood by Pakistan for decades without demanding anything in return was an unforgivable crime.

  • Riyadh Metro to begin partial operations next Wednesday: Report

    Saudi Arabia's capital is gearing up for the partial official launch of the Riyadh Metro next Wednesday, November 27, according to a report by Al Eqtisadiah daily. The first phase will include operations on three lines, with the remaining three lines scheduled to open in mid-December. The Riyadh Metro, touted as the world’s longest driverless metro system, aims to provide alternative transportation to reduce reliance on vehicles and support Riyadh’s transformation into a hub for trade and business as part of the Kingdom’s economic diversification plans. Al Eqtisadiah reported that solar panels installed at stations and depots will generate 20% of the energy required for key electrical systems. This sustainability feature is part of a broader effort to make the project environmentally friendly and energy-efficient.

  • IPL teams set to splash the cash at ‘mega-auction’ in Saudi Arabia

    The Indian Premier League opens its "mega-auction" later Sunday in Saudi Arabia with teams primed to splash out millions of dollars on world-class cricketers for the lucrative Twenty20 tournament. A total of 574 players are up for grabs with Indian wicketkeeper Rishabh Pant, England veteran James Anderson and New Zealand all-rounder Rachin Ravindra among the top names in contention at the two-day auction in Jeddah. Australian pacer Mitchell Starc smashed auction records last time when he signed with Kolkata Knight Riders for $2.98 million. An incremental rise in the tournament's salary cap means his price may be potentially eclipsed at the auction, which will be broadcast live to an audience of millions.

  • SAMA and Nazaha join hands in combating corruption

    The Saudi Central Bank (SAMA) and the Oversight and Anti-Corruption Authority (Nazaha) signed on Wednesday a memorandum of cooperation aimed to enhance the mechanism of cooperation among the two entities with regard to combating corruption. The memorandum was signed by SAMA Governor Ayman Al-Sayari and Nazaha President Mazen Al-Kahmous. The agreement will deal with crimes of corruption related to financial institutions subject to the supervision and control of SAMA, and covered by Nazaha’s jurisdiction in a manner consistent with the relevant regulatory texts and procedures.