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  • Satellite images show incredible new perspective of Saudi Arabia’s $1 trillion giga-project ‘The Line’

    The images were captured in 2022 by Soar Earth, an Australian startup that aggregates satellite imagery and crowdsourced maps into an online digital atlas, and shared with MIT Technology Review.

  • PRESSR: ACT treasury briefing in Saudi Arabia explores cutting-edge financing strategies

    The Association of Corporate Treasurers (ACT), is set to present its treasury briefing on 26th February 2024 at Al Waha Crowne Plaza, Riyadh, Saudi Arabia. The briefing will address the effective management of working capital cycles and the strategic use of diverse financing solutions to optimize

  • Saudi Arabia’s Film AlUla Targets Music Industry With Recording Studio

    Saudi Arabia‘s Film AlUla has announced the construction of a state-of-the-art recording studio, within its recently launched studio complex. Set to open in June 2024, the facility will comprise a 190 sq m (2045 sq ft) studio space, 47sq m (505 sq ft) control room and two Iso booths, as well as catering facilities and a rack room. Film AlUla said it had worked with industry experts to design the facilities, which will provide the latest audio and recording equipment.

  • Stage set for Season 4 Extreme E opener in Saudi Arabia

    The fourth instalment of Extreme E is almost upon us, with the 2024 campaign opening in Saudi Arabia this weekend (17-18 February). There are new teams and new line-ups joining the fray in Season 4, along with plenty of familiar faces, as the pioneering all-electric off-road racing series returns to action for the Desert X Prix. The deserts of Saudi Arabia have launched each of the three previous Extreme E campaigns, all offering astonishing backdrops for the opening rounds of the championship season, and another special event can be expected for Rounds 1 and 2 of the 2024 campaign in Jeddah.

  • Saudi Arabia’s budget deficit jumps to $22bn on higher spending

    Saudi Arabia’s budget deficit reached 80.9 billion Saudi riyals ($21.57 billion) in the 2023 fiscal year, narrower than the government’s previous estimates, as oil revenue dipped amid production cuts. It came as the kingdom increased its spending to boost the economy, the Ministry of Finance said in a budget update on Wednesday. The government had in December estimated a deficit of 82 billion riyals for 2023, and predicted a deficit of 79 billion riyals in 2024.

  • Tiger Woods says PGA Tour does not need funding from Saudi Arabia’s PIF despite continued talks

    Tiger Woods was added as a sixth PGA Tour player director -- joining Webb Simpson, Patrick Cantlay, Peter Malnati, Adam Scott and now Jordan Spieth -- last fall. His responsibilities include helping the PGA Tour produce an overall vision and plan for the future, which is especially difficult at a time when LIV Golf continues to raid the Tour of its best players. In some ways, Woods was brought in to stem the tide.

  • Houthi bypass: Quietly, goods forge overland path to Israel via Saudi Arabia, Jordan

    Israel-based freight forwarder Mentfield Logistics is among the companies involved in establishing a commercial trade route circumventing the Red Sea by sending goods from the ports of Dubai and Bahrain overland on trucks passing through the United Arab Emirates, Saudi Arabia and Jordan, and ending at Israeli ports. A second Israel-based firm, Trucknet, has also set up such a route.

  • IMF Chief: Change in Saudi Arabia is amazing and its economy is more dynamic

    International Monetary Fund Managing Director Kristalina Georgieva said that the change in Saudi Arabia in terms of economic diversification is amazing. “The change in Saudi Arabia is amazing,” she said in an interview with Al-Arabiya Business on the sidelines of the Arab Fiscal Forum held in Dubai. “The Kingdom’s economy has shifted from relying heavily on the oil and gas sectors to being more dynamic in the non-oil sectors. I praise the way the Kingdom is following to achieve its Vision 2030, regarding economic diversification.”

  • Saudi Arabia’s dream of the desert train will cross UNESCO world heritage sites

    Arsenale Group and Saudi Arabia Railways (SAR) recently announced a partnership to build the first luxury train that will cross the Kingdom at the end of 2025. Dubbed Dream of the Desert, the train will be made entirely in Italy with a design inspired by Saudi style and tradition. From the capital Riyadh to Al Qurayyat, on the northern border with Jordan, passengers will get to travel through scenic deserts and UNESCO world heritage archeological sites.

  • Saudi Arabia’s first college of arts launched in Riyadh

    In a strategic partnership with King Saud University in Riyadh, the Ministry of Culture has inaugurated the university's College of Arts, marking the first Saudi institution dedicated to arts education in the Kingdom. The launch ceremony, held at the university's theater on Sunday, was attended by Deputy Minister of Culture Hamed Fayez, University President Dr. Badran Al-Omar, and various cultural and arts enthusiasts from across the Kingdom.