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  • Saudi Minister of Finance Participates in 2024 Qatar Economic Forum

    His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, will participate in the fourth edition of the Qatar Economic Forum, held in Doha May 14-16, 2024, as participants explore economic challenges and opportunities in the MENA region. During the first day of the Forum, Minister Aljadaan will participate in a panel discussion entitled "Reshaping Middle East Economies," along with His Excellency the Chairman of the Islamic Development Bank Group Dr. Muhammad Al Jasser, and the Qatari Minister of Finance Mr. Ali Al-Kuwari. The Forum will bring together more than 1,000 global policymakers and leaders from government and the private sector to discuss five themes: Geopolitics, Globalization & Trade; Energy Transition; Technology Innovation; Business & Investment Outlook; and Sports and Entertainment.

  • Saudi Mega Projects Seek Partners in Bid to Hit Goals

    Executives from The Line, New Murabba and Diriyah Company — complex developments ranging from a futuristic mega city on the Red Sea to an urban development housing a cube-shaped skyscraper set to be the tallest in the Saudi capital — discussed challenges with supply chains, costs and finding skilled workers as they underscored the urgent need for experienced partners to assist in completing projects.

  • Saudi Mega Projects Seek Partners in Bid to Hit Crown Prince MBS’s Goals

    Top officials from Saudi Arabia’s mega projects gathered in Riyadh to share progress updates and seek partners to help deliver a key pillar of Crown Prince Mohammed bin Salman’s plan to transform the economy. Executives from The Line, New Murabba and Diriyah Company — complex developments ranging from a futuristic mega city on the Red Sea to an urban development housing a cube-shaped skyscraper set to be the tallest in the Saudi capital — discussed challenges with supply chains, costs and finding skilled workers as they underscored the urgent need for experienced partners to assist in completing projects.

  • Biden says he will stop sending bombs and artillery shells to Israel if it launches major invasion of Rafah

    “Civilians have been killed in Gaza as a consequence of those bombs and other ways in which they go after population centers,” Biden told CNN’s Erin Burnett in an exclusive interview on “Erin Burnett OutFront,” referring to 2,000-pound bombs that Biden paused shipments of last week. “I made it clear that if they go into Rafah – they haven’t gone in Rafah yet – if they go into Rafah, I’m not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities – that deal with that problem,” Biden said.

  • Saudi Arabia condemns attack on UNRWA headquarters in Jerusalem

    The Ministry of Foreign Affairs of Saudi Arabia has condemned the recent attack by Israeli settlers on the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) headquarters in occupied Jerusalem. The attack occurred under the watch of Israeli occupation police. In a statement released on Thursday, the ministry held the Israeli occupation accountable for the recurrent crimes against daefenseless civilians and workers in humanitarian and relief organizations. The statement emphasized the Kingdom's call for the international community to intensify efforts to stop all legal and humanitarian violations and to ensure that the Israeli occupation faces consequences for its continued offenses, which flout international laws and norms.

  • Saudi Telecom (STC AB) Posts Best First-Quarter Profit Since 2006

    Saudi Arabia’s top telecom company reported its strongest first-quarter profit since 2006 as it made more revenue from business at home. Saudi Telecom Co.’s net income rose almost 6% year on year to 3.29 billion riyals ($877 million) in the first three months of the year, according to a statement on Wednesday. That beat the average analyst estimate for 3.15 billion. Revenue also exceeded expectations on the back of stronger activity in the commercial unit.

  • Saudi Arabia’s $100 Billion AI Fund Says US Is No. 1 ‘Partner’

    “The US is the number one partner for us and the number one market for AI, chips and semiconductor industry.” Amit Midha, the head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology Alat, discusses his strategy. He speaks with Bloomberg on the sidelines of the Milken Institute Global Conference in California.  (Source: Bloomberg)

  • Riyadh Air Strengthens Partnership with Saudi Tourism Authority to Promote Sector

    Riyadh Air, which is owned by the Public Investment Fund, concluded a memorandum of understanding with the Saudi Tourism Authority (STA) to boost joint cooperation as part of the national carrier’s efforts to shape the future of tourism in the Kingdom and advance air travel. The new partnership, which was signed at Arabian Travel Market (ATM) in Dubai, focuses on several key areas, including new routes and destinations, joint marketing activities, sponsorship opportunities, presence at key roadshows and international events and accessibility to tourism-related platforms. It also aims to explore collaboration in loyalty programs, leverage world-leading technology and new digital methods and engage in the Tourism Accelerator Program.

  • China vs. U.S.: Who’s Winning Hearts and Minds?

    The U.S. is currently beating China in the competition for leadership approval in much of the world. But, as a new Gallup report shows, this approval can depend a great deal on who is in power. Based on relative net approval scores, the U.S. enjoyed an advantage in 81 out of 133 countries that Gallup surveyed in 2023, while China had an advantage in 52. The United States' net approval advantage was largest in Kosovo at +154 points (+78 U.S. net approval and -76 Chinese net approval). China’s advantage was largest in Russia at -132 points (-82 U.S. net approval and +50 Chinese net approval). In any country, net approval of the U.S. minus net approval of China results in a relative net approval score between 200 and -200. A score of 200 means everyone approves of U.S. leadership and disapproves of Chinese leadership, while a score of -200 indicates the opposite. A score of 0 suggests parity, where the U.S. and China share the same net approval score.

  • Gulf Artists Make a Splash at the Diriyah Contemporary Art Biennale

    The second Diriyah Contemporary Art Biennale, which opened in Riyadh February 20, comes to a close in late May after a busy and popular run. Featuring 177 works by 100 international artists, the show, “After Rain,” reflects “a sense of revitalization and renewal, calling to mind the refreshing scent of the air when rain has fallen,” according to the print catalogue. Metaphorically echoing ideas of regeneration and change in Saudi Arabia’s social and cultural developments, the show’s theme also more literally contemplates the necessity of water for all life on Earth and the relationship of this resource to the desert environment of Saudi Arabia and other countries.