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  • Saudi Arabia’s Neo Space Group Appoints Martijn Blanken as New CEO

    NSG is a wholly owned company of Saudi Arabia’s Public Investment Fund, the nation’s sovereign wealth fund. NSG will focus on pursuing strategic and commercially feasible space sector opportunities. It will also invest in the most promising new space technology startups and entrepreneurs both in Saudi Arabia and globally. NSG is fully aligned with Saudi Arabia’s Vision 2030 and plans to create a global commercial space communications leader.

  • Women take part in changing of Kaaba’s kiswa in Saudi Arabia for first time in history

    According to the General Authority for the Care of the Two Holy Mosques, female employees took part in the ceremonial changing of the Kaaba’s kiswa – the black cloth decorated with gold and silver threads which adorns the monument – on Sunday by carrying some of its components and handing them over to other workers, who then loaded them into a vehicle for transport to the Makkah’s Grand Mosque.

  • Delta partners with startup Riyadh Air as it plans to offer flights to Saudi Arabia

    Delta CEO Ed Bastian and Riyadh Air CEO Tony Douglas said they envision selling tickets on each other's flights — a practice known as codesharing — that requires approval from the U.S. Transportation Department. They said the partnership could grow into a full-blown joint venture. That step would require immunity from U.S. antitrust laws for the carriers to collaborate on prices and share revenue.

  • The Saudi-Sino Military Partnership: Ambitious or Overhyped?

    The Saudi-Chinese military collaboration, limited to the purchase of missiles and drones that the U.S. declined to approve, remains constrained as long as the United States maintains its dominant position in the Gulf and serves as its security guarantor.

  • Delta Air, Riyadh Air unveil strategic partnership

    Riyadh Air has partnered with U.S. carrier Delta Air Lines (DAL.N), opens new tab as the Saudi startup carrier grows its potential network ahead of launching commercial operations next year, the airlines said on Tuesday. Riyadh Air, owned by Saudi sovereign wealth fund PIF, will be a second national airline, based in the capital Riyadh, alongside existing flag carrier Saudia, based in Jeddah.  Under the agreement, Atlanta-based Delta will serve as Riyadh Air's exclusive partner in North America, offering its customers access to hundreds of U.S. destinations.

  • Aramco Digital, World Wide Technology ink partnership to transform Saudi Arabia’s AI infrastructure

    “Last year we announced our ambitious plans to expand into the Middle East region with the goal of establishing a US-centric technology innovation hub. Today’s partnership with Aramco Digital marks a significant chapter in our mission to provide cutting-edge technology solutions in the region,” said Omar Mir, International Board Member at World Wide Technology.

  • Saudi Arabia set to participate in 2024 UN High-Level Political Forum on Sustainable Development

    The Saudi delegation, headed by His Excellency Minister of Economy and Planning Faisal F. Alibrahim, will include representatives from 13 entities from the government. The delegation includes the Ministry of Economy and Planning, Ministry of Energy, Ministry of Foreign Affairs, Ministry of Environment, Water and Agriculture, Ministry of Human Resources and Social Development, National Center for Vegetation Coverage and Combatting Desertification, National Center for Environmental Compliance, General Food Security Authority (GFSA), Royal Commission for Riyadh City, Royal Commission for Al-Ula, Al Madinah Region Development Authority, Quality of Life Program, and Qassim Urban Observatory.

  • ZATCA Releases Guidelines For Regional Headquarters In Saudi Arabia

    On 14 April 2024, the Zakat, Tax, and Customs Authority (ZATCA) released comprehensive guidelines for regional headquarters in Saudi Arabia. These guidelines, available in English and Arabic, provide detailed explanations of regulatory provisions, accompanied by practical examples illustrating the application and utilization of the tax incentives.

  • Saudi Customs thwarts attempt to smuggle 3.6 million Captagon pills at Jeddah Islamic Port

    Customs inspectors at Jeddah Islamic Port thwarted an attempt to smuggle 3,633,978 Captagon pills, which were found hidden in a consignment coming to Saudi Arabia. The Zakat, Tax and Customs Authority (ZATCA) explained that a shipment consisting of “iron equipment” was received at the port, and when it was subjected to routine customs inspections using modern security techniques, a quantity of grains was found hidden within the shipment.

  • Non-citizens now allowed to participate in ZATCA auctions

    The updates include improvements to the procedures for announcing public auctions through official channels and making all auction details available on the authority's website. This ensures greater transparency and allows bidders to participate according to clear and defined policies, saving time and effort for all stakeholders. Additionally, the updates allow both individuals and legal entities, including citizens and non-citizens, to participate in auctions. The updates also clarify the requirements and procedures related to auctions to enhance transparency and increase bidder compliance.