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  • Saudi Arabia’s MBS meets with chair, members of US Senate Intelligence Committee

    Saudi Crown Prince Mohammed bin Salman discussed the Kingdom’s relations with the United States on Saturday during a meeting with members of the US Senate Select Committee on Intelligence, the Saudi Press Agency reported. MBS welcomed the delegation, which was headed by committee chairman Senator Mark Warner, at the Winter Camp in AlUla, SPA added.

  • Saudi Arabia’s FDI surges by 29 percent in Q3 of 2023

    Recently, Saudi Arabia’s Ministry of Investment adopted a new methodology, endorsed by the IMF and praised by UNCTAD, to enhance the accuracy of FDI reporting. Analyzing individual financial statements of over 10,000 foreign companies from 2015 to 2022, the new methodology provides a more precise picture of FDI trends. Under the revamped methodology, the FDI stock balance in Saudi Arabia has shown consistent growth from SAR413 billion in 2015 to SAR775 billion in 2022. FDI inflow, in particular, has seen a significant increase, reaching SAR122 billion in 2022 compared to SAR64 billion in 2015. This positions Saudi Arabia as the 16th largest recipient of FDI among the G20 economies.

  • Germany will not oppose further Eurofighters for Saudi Arabia

    Germany is prepared to allow further deliveries of Eurofighter jets to Saudi Arabia, German Foreign Minister Annalena Baerbock said on Sunday.

    Berlin halted arms sales to Saudi Arabia following the killing of Saudi journalist Jamal Khashoggi inside the Saudi consulate in Istanbul in 2018.

    Chancellor Olaf Scholz had pushed back against pressure to unblock delivery of Eurofighters to Saudi Arabia. His coalition partner, the Greens, had firmly opposed the move, pointing to human rights concerns and Saudi Arabia's role in the Yemen war.

  • Saudi Arabia’s MBS meets with chair, members of US Senate Intelligence Committee

    Saudi Crown Prince Mohammed bin Salman discussed the Kingdom’s relations with the United States on Saturday during a meeting with members of the US Senate Select Committee on Intelligence, the Saudi Press Agency reported. MBS welcomed the delegation, which was headed by committee chairman Senator Mark Warner, at the Winter Camp in AlUla, SPA added.

  • Musical Heritage Center Opens in Saudi Arabia

    The Saudi Arabian Ministry of Culture has launched the Tariq Abdulhakim Center (TAHC) as a hub for musical innovation and cultural exchange, promoting the knowledge and cultural awareness of Saudi and regional music. Located in Al-Balad — Jeddah’s historical area and a UNESCO World Heritage Site — the TAHC features a museum dedicated to the late Saudi musician, educator, and collector Tariq Abdulhakim, who was also founder of the Saudi military band.

  • Exploring AlUla: Saudi Arabia’s oasis of hidden history and heritage

    With so many sites to see, it can be overwhelming trying to decide where to begin, but one cannot find a better introduction to AlUla than Old Town. This fascinating maze of winding streets and mud-brick dwellings—some of which go as far back as the 12th century CE, including the hilltop fortress overlooking the town—is still inhabited to this day, its bustling souks filled with artisanal shops and traditional ware. However, the site is much more ancient, representing continuous waves of settlement and resettlement one after the other.

  • Saudi Arabia launches 4 projects to generate 7,200 MW using carbon-capture tech

    The Saudi Power Procurement Co. has invited bids for four independent power plant projects with a combined capacity of 7,200 megawatts. The company has specified that two of the projects, namely Rumah1 and Rumah2, are slated for the central region, while the remaining two, Nairyah1 and Nairyah2, will be situated in the eastern region of the Kingdom, the Saudi Press Agency reported. All these projects will have a capacity of 1,800 MW each and use natural gas combined-cycle technology, along with carbon capture.

  • Saudi Arabia: SDAIA publishes guide on generative AI

    On December 20, 2023, the Saudi Data & Artificial Intelligence Authority (SDAIA) announced the publication of a guide on generative artificial intelligence (AI) in an effort to raise the level of awareness about the importance of AI technologies.

  • Saudi Arabia finalizes $250m aid package to Jordan

    Saudi Arabia has completed a $250 million support package to Jordan, the Saudi Press Agency reported on Tuesday. The deal, agreed at the Makkah Summit in 2018, was to provide financial aid over a period of five years to help bolster Jordan’s economy. The final installment involved a sum of $38.6 million. Zeina Touqan, minister of planning and international cooperation, expressed her country’s gratitude to Saudi Ambassador to Jordan Nayef Al-Sudairi and the head of the General Department of International Development Cooperation in the Saudi Ministry of Finance, Abdulmohsen Al-Mutawa.

  • Saudi Arabia’s GDP to surge by 4.4% in 2024: report

    Saudi Arabia’s economy is likely to grow by 4.4 percent in 2024, Aljazira Capital has predicted in its year-end report. The forecast is in line with the Kingdom’s Finance Ministry’s projection for the current year, whereas Moody’s predicted a 4.6 percent increase in 2024. In the report, the financial brokerage firm highlighted that Saudi Arabia’s economic acceleration is expected to be propelled by the execution of megaprojects, Vision 2030 initiatives, government spending, and increased participation of the private sector.