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  • China, Saudi Arabia Announce Massive Strategic Partnership Energy Agreement

    The world’s largest oil-exporting company Saudi Arabian Oil Company (Saudi Aramco) has signed a memorandum of understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec). According to an official statement from Aramco, the agreement outlines “pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and in the kingdom”.

  • 8,000-Year-Old Settlement Unearthed in Saudi Arabia

    An 8,000-year-old settlement has been discovered by a group of Saudi and French archaeologists working at a site southwest of the Saudi Arabian capital of Riyadh. Led by the Saudi Heritage Commission, the team uncovered the Neolithic-era remains using laser scanning, aerial photography, drones, and various forms of surveying. The archaeologists located the settlement at Al-Faw, an archaeological site that has previously turned up evidence of a strong trade network that sustained an ancient city.

  • SmartCrowd expands Into Saudi Arabia

    Saudi Arabia's residential real estate market is an untapped sector offering an excellent opportunity for regional and global investors, with forecasted market growth (CAGR) of more than 9.74 percent between 2022 - 2027. Valued at SAR 156bn in 2021, the real estate market is expected to grow significantly, in line with the country's Vision 2030, the rapid pace of new developments, and the Kingdom's ongoing efforts to diversify its economy away from reliance on oil and gas revenues.

  • New Salwa port connecting Qatar and Saudi Arabia starts trial operations 

    The new port will facilitate transit to and from Saudi Arabia for the football fans who are attending the 2022 World Cup in Qatar. People on social media shared pictures of the newly opened port that started trail operations for passengers today with six times greater capacity than the old port which used to accommodate only 3,000 vehicles.

  • Saudi Arabia closes 49 deals worth $925m in second quarter of 2022

    Saudi Arabia has signed 49 deals worth $925 million in the second quarter of 2022, as the Arab world’s largest economy continues to attract new investment into the country to diversify away from oil. The deals were signed across sectors including advanced manufacturing, construction and real estate, information and communications technology, tourism, entertainment and sports.

  • Saudi Arabia closes 49 deals worth $925m in second quarter of 2022

    Saudi Arabia has signed 49 deals worth $925 million in the second quarter of 2022, as the Arab world’s largest economy continues to attract new investment into the country to diversify away from oil. The deals were signed across sectors including advanced manufacturing, construction and real estate, information and communications technology, tourism, entertainment and sports.

  • Saudi Arabia posts almost $21 billion second-quarter surplus

    Saudi Arabia has registered a budget surplus of nearly 78 billion riyals ($21 billion) in the second quarter of 2022, the finance ministry said on Thursday, an almost 50% rise from a year earlier, bolstered by high oil prices. Revenue in the second quarter reached 370.37 billion riyals and expenditure was 292.46 billion, the ministry said.

  • State Department clears weapons sales to Saudi Arabia, UAE

    The U.S. State Department on Tuesday cleared possible foreign military sales to Saudi Arabia and the United Arab Emirates, according to a statement from the Defense Security Cooperation Agency. Under the first deal, Saudi Arabia would buy 300 Raytheon Technologies-made MIM-104E Patriot missiles for more than $3 billion. Control stations, fire control and other equipment would be included.

  • The Arabian Jambiya – Art with a Cutting Edge

    The Arabic word for ‘dagger’ is khanjar. The term jambiya applies only to the heavily curved daggers of the Gulf. All true jambiyas have extremely thin blades with a central rib giving strength to the blade. Some older ones have two or even three of these central ribs. The blade, although curved, is not as heavily curved (or as long) as the leather-covered wooden sheath. The handles are usually of wood, bone or resin and heavily decorated with silver wire, coins and gold or silver inlays.

  • Will Lucid Motors’ Saudi Arabian Connection Help Win Them A Big Aston Martin Partnership?

    In its first year in production, EV manufacturer Lucid Motors won the coveted Motor Trend Car of the Year award with its Lucid Air sedan. Although their future appears bright regarding the design and sales of their own vehicles, they may also have a strong market with other automakers coveting their superior technology. One potential partnership that could be a mutual fit because of both companies’ connections to Saudi Arabia is a collaboration with luxury car legend Aston Martin.