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  • Huge draw for Saudi made Lucid EV, equipped with drone and AI, at Riyadh World Defense Show

    The first ever Saudi made Lucid electric vehicle, equipped with drone and artificial intelligence technologies, is on display at the World Defense Show, which kicked off in Riyadh on Sunday. Large number of people are visiting this smart patrol vehicle, which is a major attraction at the pavilion of the Ministry of Interior in the show. The electric vehicle which will start being used within the fleet of security patrol vehicles in Saudi Arabia, would have several security features, supported by AI technologies, in the Saudi security forces’ drive in accomplishing their mission.

  • Saudi business conditions slowed to 2-year lows in January – PMI

    Business activities in Saudi Arabia have slowed to two-year lows, with increased cost pressures and softening demand affecting growth in the kingdom’s non-oil private sector, according to January’s Purchasing Managers’ Index (PMI). The Riyad Bank Saudi Arabia PMI for January dipped to 55.4 from December’s 57.5, signalling a weak improvement in the health of the country’s non-oil economy. Even though business activity levels expanded at their slowest pace since 2022, it continued to increase across sectors due to a rise in new business intakes. The rate of sales growth eased to a five-month low.

  • View of historic and cultural district of Al-Balad in western coastal city of Jeddah, Saudi Arabia

    This photo taken on Feb. 3, 2024 shows a view of the historic and cultural district of Al-Balad in the western coastal city of Jeddah, Saudi Arabia. Al-Balad is famous for its colorful architecture.

  • 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.