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  • Saudi Delivery Startup Shgardi Secures Seven-Figure USD Investment

    The on-demand logistics startup already has over a million customers in the KSA, allowing users to order anything and everything they want through a network of around 30,000 drivers.

  • The Seven Natural Wonders of Arabia, Part III: The Edge of the World

    Like many features of Arabian geology, the Edge of the World dates its birth from the dramatic tectonic forces that created the Red Sea to the west. It is part of a much longer geologic feature known as the Tuwaiq Escarpment. Tuwaiq’s cliffs were formed when the Arabian Plate shifted toward the northeast as the Red Sea Rift spread apart beginning in the Eocene Epoch 50 million years ago.

  • World’s 20 largest economies saw record contraction in first quarter, OECD says

    The G20 nations’ real gross domestic product (GDP), fell 3.4 per cent in the first quarter, the Paris-based global intergovernmental organisation said on Thursday. By comparison GDP fell only 1.5 per cent in the first quarter of 2009, at the height of the financial crisis, the OECD said. The world's second largest economy China recorded the largest contraction of 9.8 per cent, France and Italy each contracted 5.3 per cent, Germany shrank 2.2 per cent, Canada 2.1 per cent and the UK 2.0 per cent. Brazil’s economy decreased 1.5 per cent, the US 1.3 per cent and Mexico 1.2 per cent.

  • The King’s Man: Before Oil – Part I

    From the very first greetings, Philby was charmed by Ibn Saud, and as they started negotiating, an alliance formed that lasted for 36 years. Philby was entranced by the magnetic personality and charismatic presence of Ibn Saud, who in turn was intrigued by the irascible Englishman almost a foot shorter than himself.

  • Saudi Arabia’s Secret Plans to Unveil Its Hidden da Vinci—and Become an Art-World Heavyweight

    Over the next decade, the government intends to build more than a dozen major art institutions, plus more smaller ones, in hopes of attracting tourists and adding as much as $27 billion to the country’s economy, says Hamed bin Mohammed Fayez, deputy culture minister.

  • SDIF Academy Kickstarts Stanford University Training Program for Saudi Executives

    The Saudi Industrial Development Fund's Academy (SIDF Academy) has launched an executive education program to provide Saudi industry leaders with innovative business and leadership skills that will enable them to navigate through critical times and constantly pursue growth opportunities in their industries.

  • Lockheed Martin partners with TAQNIA to build satellite ground system for Saudi Arabia

    Following the successful launch and operation of Saudi Arabia’s newest commercial communications satellite, SaudiGeoSat-1 (SGS-1), Lockheed Martin has been selected to develop a new ground system to control, manage and operate the satellite.

  • Amazon unit launches $272m initiative to help start-ups in UAE, Saudi Arabia and Egypt

    The initiative, which will also roll out to Egypt and Saudi Arabia, targets start-ups from more than ten categories including, grocery, food & beverage, home services, fashion, beauty, entertainment, health & fitness, automotive and e-learning.

  • MoneyGram Enters Saudi Arabia with Local Bank Partnership

    This came when the Dallas-based company is aggressively expanding its services in the Asian countries which lead the remittance market. “This partnership is an important milestone that capitalizes on recent strategic investments in major receive markets,” Grant Lines, MoneyGram chief revenue officer, said.

  • Detained US Navy veteran freed by Iran as part of deal

    The developments capped months of quiet negotiations between countries that are at bitter odds over U.S. penalties imposed after President Donald Trump withdrew the U.S. from the 2015 nuclear deal and over the killing by American forces of a top Iranian general in Iraq at the beginning of this year.