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  • IEA to convene major international energy security summit in London, hosted by UK government

    The IEA will convene an International Summit on the Future of Energy Security in the second quarter of 2025, hosted by the UK government in London, to assess the existing and future risks facing the global energy system and to prioritise the solutions and opportunities available for addressing them.

  • Saudi Arabia’s Annual Grape Production Reaches 110,500 Tons, Tabuk Region Leads with 46,939 Tons

    According to the Ministry of Environment, Water, and Agriculture (MEWA), Saudi Arabia's annual grape production surpasses 110,500 tons, achieving a self-sufficiency rate of 58%. Grapes are cultivated on over 4,720 hectares in the Kingdom.

  • Saudi Arabia completes SR6.018 billion Sukuk issuance for August 2024

    The National Debt Management Center has completed the receipt of investor requests for the local Sukuk issuance for August 2024, as part of the Saudi Arabian government’s Sukuk program in Saudi Riyals. The total allocation for this issuance was set at SR6.018 billion. The center's statement detailed that the issuance was divided into five tranches. The first tranche, amounting to SR2.818 billion, is set to mature in 2029. The second tranche, totaling SR1.992 billion, is due in 2031, while the third tranche, valued at SR152 million, will mature in 2034. The fourth tranche, amounting to SR415 million, is set to mature in 2036, and the fifth tranche, totaling SR642 million, is due in 2039.

  • Investment Minister highlights $13.3bln in opportunities for Tabuk region

    Minister of Investment Khalid Al-Falih announced that the volume of ready investment opportunities in the Tabuk region, displayed on the “Invest in Saudi Arabia” platform, is worth more than SR50 billion. This statement was made during a meeting organized by the Tabuk Chamber of Commerce with investors and businessmen in the region on Monday.

  • Jon Rahm wins LIV Golf UK for his 1st victory on the Saudi-funded tour

    Jon Rahm won LIV Golf UK on Sunday for his first victory on the Saudi-funded tour when Legion XIII teammate Tyrrell Hatton three-putted his final hole for a bogey. Rahm closed with a 4-under 68 to finish at 13 under at JCB Golf & Country Club, a stroke ahead of Hatton (69), season points leader Joaquin-Niemann (65) and defending champion Cameron-Smith (69).

  • Burak Cukmak, Saudi Fashion Commission: ‘Saudi market opens up to contemporary men’s fashion’

    This country is always full of surprises and this is what is happening with the emergence of Saudi menswear ready-to-wear. The number one clientele in Saudi Arabia remains women, but there is a big appetite for menswear and potential market openings. Historically, Saudis dressed in a traditional way, but local life has changed a lot and there are more and more occasions to dress fashionably: festivals, events, concerts, exhibitions, etc.

  • A Rare Bilingual Inscription Discovered in Saudi Arabia’s Tabuk Province

    The discovery is a component of the commission’s ongoing archaeological survey efforts throughout the Kingdom. The inscription is thought to have been written in the fifth century AD based on research on letter forms and their evolution. The inscription is a combination between the Thamudic script and early Arabic script, standing as a living proof of the continued use of the Thamudic script in the 5th century AD.

  • Saudi Arabia issues $1.17 billion in sovereign sukuk across three tranches in June

    The National Debt Management Center in Saudi Arabia has announced the closure of the June 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated for this issuance was set at SAR4.414 billion ($1.17 billion). The Sukuk issuance was divided into three tranches. The first tranche has a size of SAR1.6 billion and matures in 2027. Additionally, the second tranche has a size of SAR53 million and matures in 2031. Meanwhile, the third tranche has a size of SAR2.761 billion and matures in 2034.

  • Saudi Arabia’s UK ambassador warns Israeli war with Lebanon would quickly turn global

    A Saudi Arabian diplomat has warned Israel against a war in Lebanon, insisting that the kingdom will not normalise relations without justice for the Palestinian people.

    Israel and Hezbollah have both claimed they are ready to go to war this week, raising fears of a regional spillover of the Israel-Gaza war, which is entering its ninth month.

    Prince Khaled bin Bandar Bin Saud, Saudi Arabia’s ambassador to the UK, called on Israel and the international community to “recognise the danger that lies ahead”.

  • Saudi FM Holds Talks with High-level Officials on Sidelines of Ukraine Peace Summit

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met on Saturday with a number of world leaders and officials on the sidelines of the peace summit on Ukraine in Lucerne, Switzerland, including President of the European Council Charles Michel.