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  • Yemen warring parties discuss possible prisoner swap including 16 Saudis

    Yemen warring parties are discussing a possible prisoner swap which could see hundreds of detainees freed, including 16 Saudi nationals and a brother of the Yemeni president, officials said on Monday. A deal between the Saudi-led coalition and the Iran-aligned Houthi movement could help de-escalate violence and boost U.N. efforts to broker a truce during the Muslim holy month of Ramadan, which starts in April, analysts say.

  • Saudi Arabia to host the 7th Asian Indoor Martial Arts Games 2025

    As Saudi Arabia is hosting the 7th Asian Indoor Martial Arts Games in 2025 for the first time in its history, President of the Saudi Olympic & Paralympic Committee (SOPC), HRH Prince Abdulaziz Bin Turki Al Faisal, and Vice-Governor of Riyadh Province, HRH Prince Mohammed Bin Abdulrahman Al Saud alongside the OCA Acting President Mr. Raja Randhir Singh signed the hosting contract of the Asian Indoor Martial Arts Games at the Riyadh Green Halls in Prince Faisal bin Fahad Olympic Complex.

  • Saudi Arabia’s Ministry of Investment and PIF-backed Jada partner to support start-ups

    Catalyse Saudi will host a series of events, the first of which will take place this month in Jeddah and Riyadh under the theme of disruptive technology. The events will bring foreign and Saudi entrepreneurs and investors together for networking, learning and engagement opportunities, the ministry and the fund said in a joint statement.

  • National Museum welcomes American Chamber of Commerce in Saudi Arabia for night of arts, culture and entertainment 

    The National Museum is divided into eight galleries, each of which depicts a different historical period. The galleries are arranged in chronological order, starting with the creation of the universe through to the unification of Saudi Arabia and the growth of Hajj. Tarik Solomon, chairman of the American Chamber of Commerce in Saudi Arabia, said that the museum was a place that visitors would not forget.

  • Meta opens Middle East headquarters in Dubai

    US-based Meta, formerly Facebook, has opened its regional headquarters serving the Middle East and North Africa region in Dubai Internet City. Dubai Crown Prince Hamdan bin Mohammed bin Rashid al-Maktoum opened the firm’s new regional headquarters, which will accommodate up to 100 employees.

  • Saudi Arabian Grand Prix introduces modifications to Jeddah Corniche Circuit, shifts race start time forward

    The venue, which made its début last December, will have Turns 2, 3, 14 and 21 altered by bringing the barriers back between one to two metres. These changes are expected to improve visibility for drivers, as blind corners proved to be a flaw of the circuit in 2021. The track limits of these turns will remain as they were. The track limits of turn 27 will be widened, with the right-side barrier being pushed back by 1.5 metres. On Turns 4, 16, 22 and 24 steel plates will be installed to give drivers a smoother barrier to skim past, a change made as a result of driver feedback.

  • EV Startup Rivian Walks Back Price Increase, Apologizes to Customers

    In a letter made public Thursday, Rivian Chief Executive RJ Scaringe apologized to customers for applying the price increase retroactively. He said the startup is trying to cope with rising costs of parts and materials, but it erred by applying price increases to existing orders rather than honoring the original terms.

  • What Does the Saudi Regional Headquarters Program Mean for Companies Doing Business in the Region?

    An RHQ is currently defined as a unit of a multinational company established under the laws of Saudi Arabia for the purpose of supporting, managing, and providing strategic direction to its branches, subsidiaries, and affiliates operating in the MENA region.

  • Saudi Arabia Princess on NFTs: ‘They Are the Next Medium of Artistic Expression’

    Non-fungible tokens (NFTs) are a new medium of artistic expression that gives artists the freedom and the ability to reach a diverse audience, Saudi Princess Reem Al Faisal has said.

  • Saudi Minister of Finance Participates in 1st G20 Finance Ministers meeting

    Saudi Arabia's Minister of Finance Mohammed Al-Jadaan and Governor of the Saudi Central Bank (SAMA) Dr. Fahad Almubarak participated virtually in the 1st G20 Finance Ministers and Central Bank Governors' (FMCBG) Meeting under the Indonesian Presidency. The meeting was held on 17-18 February, 2022, with the participation of G20 Finance Ministers and Central Bank Governors, a number of delegates from invited countries and heads of international and regional organizations.