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  • Saudi Arabia charts collaborative path at Davos in meeting with WEF Leaders

    The Saudi delegation to Davos, led by Foreign Minister Prince Faisal bin Farhan, convened with World Economic Forum founder Klaus Schwab and its President Borge Brende during their participation in the forum’s 2024 edition. In the discussion, strategies were evaluated to bolster collaboration between the Kingdom and the World Economic Forum, addressing immediate and future challenges in economic and human development, the Saudi foreign ministry said. Throughout the week, the Kingdom's delegation is set to engage in a number of high-level sessions and bilateral meetings.

  • Saudi, Turkish, Pakistani tripartite committee convenes for defense cooperation talks

    The second meeting of the Saudi-Turkish-Pakistani tripartite committee was held in Islamabad, Pakistan, to discuss defense cooperation and ways to enhance it. The meeting was attended by Saudi Assistant Minister of Defense Eng. Talal Al-Otaibi, Chief of General Staff of the Pakistani Army Gen. Muhammad Owais, and Turkish Deputy Minister of Defense Jalal Sami Tawfik.

  • Analysis: Russian Ally’s Saudi Pivot Threatens to Derail Putin’s Wartime Economy

    Russian President Vladimir Putin's full-scale invasion of Ukraine in February 2022 spurred the West to impose sanctions aimed at isolating Moscow from the global financial system and cut off its revenues to wage its military aggression.

  • US State Department Hails Saudi Arabia’s Efforts in Combating Terrorism

    The state Department praised the Kingdom's efforts to raise standards and measures using modern technologies and tools in the security field, especially in combating terrorism and its financing, the Saudi Press Agency (SPA) reported Wednesday. In its annual report on combating terrorism for 2022, the Department lauded the Kingdom for upgrading the security and international criteria for Saudi passports, adding that the new Saudi passport security features are comparable to the US' next-generation passport.

  • Germany approves missile export to Saudi Arabia in departure from previous policy

    Government spokesperson Steffen Hebestreit on Wednesday confirmed a report by news magazine Der Spiegel that Germany’s Security Council, made up of Chancellor Olaf Scholz and several other ministers, approved the export of 150 air-to-air missiles for the Iris-T air defense system at the end of 2023. The government of then-Chancellor Angela Merkel imposed a ban on arms exports to Saudi Arabia following the killing of Saudi journalist Jamal Khashoggi at the kingdom’s consulate in Istanbul in 2018. It later made a conditional exception for systems developed jointly with other countries.

  • Saudi Pro League unveils new partnership with Adidas

    Commencing in February 2024, the partnership will see Adidas become the Saudi top flight’s official match ball supplier, enhancing the Roshn Saudi League’s global interest and commercial attractiveness while supporting continuous growth throughout Saudi football. “Our partnership with Adidas represents a significant next step towards elevating football in Saudi Arabia,” said Saad Allazeez, vice chairman and interim CEO of the SPL. “By aligning with such a recognized and respected global sportswear giant, the league enhances its international visibility and benefits from greater opportunities to attract talent, inspire investment, and foster growth that positively impacts football culture and the game’s national ecosystem.

  • TikTok drives artist discovery in Saudi music industry

    Since its inception, music has been at the heart of TikTok, driving music and artist discovery and rediscovery in markets across the globe. This is particularly evident in Saudi Arabia, where TikTok has become a prominent platform for both musicians and their audiences. Thanks to the rising Saudi talents, both established and emerging artists that are unleashing their potential and making their voices heard, the music scene continues to create a resounding impact globally. TikTok’s widespread appeal lies in its role as an ever-evolving creative hub. Its innovative features that allow musicians to showcase their talents and interact with fans in real time, have contributed to its impressive growth in the Kingdom. With 48.8 billion views globally and more than 1.2 billion views in the MENA region in the last six months for #NewMusic and 17.8 billion views globally and over 968 million views for #TikTokMusic across the region in the past six months, these hashtags have become indispensable tools for music lovers and creators in Saudi Arabia across a range of musical genres and tastes, from rock to acoustic.

  • Saudi Arabia’s new regional headquarters regulation takes effect: What will be its impact?

    Saudi Arabia's regulation for foreign companies to set up regional headquarters in the kingdom will support the country's non-oil economy and improve job creation in the Arab world’s largest economy, according to analysts.

    The regulation, which requires firms to set up a local base in the kingdom or risk losing out on government contracts, came into effect on Monday.

    However, companies with foreign operations not exceeding 1 million Saudi riyals ($266,000) can operate in the kingdom without local headquarters.

    “We project robust non-oil growth of 5 per cent in 2024, the highest in the GCC, on a continued broad-based expansion of the non-oil economy,” Carla Slim, an economist at Standard Chartered Bank, told The National.

  • Saudi Film Commission: 4,000 participants to take part in Filmmakers Program

    The Saudi Film Commission on Monday announced that it will be training more than 4,000 individuals as part of its Filmmakers Program aimed at elevating the skills of aspiring beginners and professionals.

    With 150 training workshops held across 13 regions in Saudi Arabia, the fourth edition of the annual event will help foster the growth of Saudi talent in the film industry, the authority said on its website.

  • Deloitte partners with Fintech Saudi to launch Makken Program

    Deloitte, the leading global professional services firm, is partnering with Fintech Saudi to foster the growth of emerging companies in Saudi Arabia’s financial technology sector through the Makken Program. Saudi Fintech is an initiative by the Saudi Central Bank in collaboration with the Capital Market Authority, aiming to transform Saudi Arabia into an innovative fintech hub with a thriving and responsible fintech ecosystem. Makken, meaning Empower, is a program designed to support entrepreneurs and startups in Saudi Arabia’s fintech industry through financial support and a comprehensive suite of services, including technology, cloud computing, cybersecurity, and more.