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  • An insight into the activities of Saudi Arabia’s General Authority for Competition – highlights of its 2023 annual report

    The Authority carried out a staggering number of 548 dawn raids in 2023, meaning an average of 2.2 dawn raids every business day. The Authority investigated 442 entities and ultimately indicted 186 of them.

  • Discover Saudi Arabia’s new UNESCO World Heritage Site

    Al-Faw can be found in Wadi Ad-Dawasir, which is between the Empty Quarter and Tuwaiq mountain range. The area was a strategic point for ancient trading routes. Archaeologists have found that it was abandoned around the fifth century CE. Plus, it has been occupied by three different populations. Archaeologists have found approximately 12,000 remains. The items include the Palaeolithic and Neolithic tools. Plus, there are signs of rock carvings and an ancient water management system.

  • Mega Projects Enhance Growth of Saudi Arabia’s Facilities Management

    Mega Saudi projects have contributed to increasing the volume of facilities management investments, which are expected to exceed $60 billion during 2030. Facilities management is defined as a comprehensive field that brings together the workplace (buildings and facilities), its workforce, and system operations. It aims to ensure smooth workflow, improve the efficiency of using facilities, and create a safe and comfortable work environment. The sector covers a wide range of services, including hard services such as mechanical and electrical maintenance, fire safety, and maintenance of building systems and equipment, and soft services such as cleaning, recycling, pest and infection control, floor maintenance and waste disposal.

  • How AI is unlocking the creative potential of Saudi Arabia’s burgeoning fashion industry

    Saudi Arabia has witnessed a remarkable transformation in its fashion industry in recent years, emerging as a vibrant and dynamic regional hub of creativity. Now, thanks to the power of artificial intelligence, more opportunities are fast emerging. With a blend of traditional influences and modern innovation, Saudi designers have been captivating global audiences, redefining cultural norms, and showcasing the Kingdom’s rich heritage through contemporary fashion.

  • Average life expectancy in Saudi Arabia rises to 77.6 years

    The report reveals a notable increase in average life expectancy in the Kingdom, which has risen to 77.6 years. This improvement is attributed to a series of health enhancements and initiatives, including the adoption of health promotion policies across all aspects of life, the promotion of walking culture, reduction of salt in foods, calorie disclosure, and the elimination of trans fats, along with efforts to enhance healthcare services and strengthen health risk prevention.

  • Saudi Arabia Registers ‘Cultural Landscape of Al-Faw Archaeological Area’ on UNESCO World Heritage List

    The Saudi Minister of Culture, Chairman of the Heritage Commission, and Chairman of the National Committee for Education, Culture, and Science, Prince Badr bin Abdullah bin Farhan, has announced that the Kingdom successfully inscribed the Cultural Landscape of Al-Faw Archaeological Area in the Riyadh Region on the UNESCO World Heritage List as a cultural site of outstanding universal value to humanity.

  • Can Saudi Arabia become a “new playground” for energy storage?

    For photovoltaic giants, shifting production capacity to the Middle East is an act of necessity. On June 7, 2024, the US International Trade Commission passed preliminary rulings on the anti-dumping and countervailing duty investigations of photovoltaic products from Cambodia, Malaysia, Thailand, and Vietnam. This signifies the end of the duty-free policy for some photovoltaic products imported from these four Southeast Asian countries, which began in June 2022, as of June 6 this year. Subsequently, Chinese photovoltaic manufacturers exporting to the US from Southeast Asia will face tariffs.

  • Saudi Arabia’s growth this year marred by lower for longer oil output

    Saudi Arabia's economic growth will likely be one of the slowest among the Gulf Cooperation Council (GCC) countries this year, according to a Reuters poll of economists who lowered growth forecasts from three months ago due to extended oil output cuts. The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, were expected to start raising production this year but in June said the reductions would continue well into 2025.

  • Saudi Arabia’s General Authority of Civil Aviation and Lilium to collaborate on development and implementation of eVTOL regulation in the Kingdom

    The partnership will start by setting up a joint Working Group preparing the regulations in Saudi Arabia for the introduction of regional electric air mobility. Dedicated sub-working groups for infrastructure, air operations, airworthiness, and airspace integration, led by GACA and strongly supported by Lilium, are to jointly discuss, accelerate, develop, and implement the necessary regulatory and procedural framework.

  • Saudi Arabia’s PIF makes bid to increase stake in Selfridges

    PIF already owns a 10 per cent share in the Selfridges properties, while 40 per cent is owned by the troubled real estate and retail empire, Signa and the remaining 50 per cent is owned by the Thai retail conglomerate Central Group.