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  • China’s ties with Saudi Arabia buoyed by green tech

    Bilateral trade has for many years been almost totally dominated by Chinese purchases of Saudi oil. But now, Chinese exports to Saudi Arabia are tracking towards a record high, at $40.2bn in the first 10 months of the year, up from $34.9bn for the same period last year, according to Chinese government data. China has also become the kingdom’s largest source of greenfield foreign direct investment, with investments from 2021 to October this year totalling $21.6bn, about a third of which were in clean technologies such as batteries, solar and wind, according to investments tracked by fDi Markets. This compares with $12.5bn from the US, the next highest.

  • Saudi Arabian golfers privileged to be ‘trailblazers’ for golf in the Kingdom

    Saudi Arabia’s five leading golfers are determined to showcase their quality on home soil when the PIF Saudi International powered by SoftBank Investment Advisers begins tomorrow at Riyadh Golf Club. Othman Almulla is one of a record five Saudi Arabian professionals competing at the event, which takes place in Riyadh for the first time, and three of them were in attendance, alongside global stars such as Abraham Ancer, Tyrrell Hatton and Dustin Johnson, for a launch press conference ahead of the tournament.

  • Saudi Arabia goes on the offensive on climate change

    Saudi Arabia came out fighting on the opening day of the 2024 edition of the Saudi Green Initiative, in response to some strident criticism of the country’s role at the recent Cop29 climate change summit in Baku, Azerbaijan from Western media, backed by environmentalists and mainly European “green” politicians. The shadow of Baku’s Cop29 on climate change still hung in the air in Riyadh. In a rebuttal of accusations that Saudi Arabia had backtracked on climate change commitments, and been obstructive on financial and other measures in Baku, Prince Abdulaziz said that it “follows the rules” in climate change negotiations. It is very difficult to see the SGI forum as greenwashing. It is too well planned, well resourced and well executed. Anyone who visits must be impressed by the Saudi commitment to “green” policies and realise they are an integral part of the Vision 2030 strategy towards economic diversification.

  • Saudi Arabia Assumes UNCCD Presidency During Official COP16 Opening Ceremony

    At the opening ceremony, the Kingdom of Saudi Arabia has been officially elected as President of the sixteenth Conference of the Parties of the UN Convention to Combat Desertification (UNCCD COP16). The official recognition of Saudi Arabia's UNCCD COP16 Presidency took place during the opening plenary session of COP16 in Riyadh, beginning a two-year tenure to drive international action on land restoration and drought resilience.

  • Emily Blunt & Aamir Khan To Be Honored At Saudi Arabia’s Red Sea Film Festival

    Bollywood star Aamir Khan and Oscar nominee Emily Blunt will be honored at the opening night of Saudi Arabia’s Red Sea Film Festival this week, alongside previously announced honouree, Egyptian actor Mona Zaki. Khan and Blunt will also participate in the festival’s starry ‘In Conversation With’ strand, for which Eva Longoria, Andrew Garfield and Ranbir Kapoor are among the speakers to have already been announced. India’s Khan is one his country’s most successful actors and filmmakers with a string of hit films under his belt including the 2016 female wrestling drama Dangal, which remains one of the highest grossing films in the territory to this day.

  • Saudi Arabia reaches Vision 2030 milestone with Riyadh Metro opening

    On 1 December, after over a decade of construction, Saudi Arabia celebrated the completion of the first phase of the Riyadh Metro station. Inspired by local heritage, the multi-billion-dollar project, backed by three international consortiums from 13 countries across North America, Europe, and Asia, marks a significant milestone in the country’s infrastructure development. Currently, the station stands as one of the largest in the world, featuring six lines spanning 176 kilometres and 85 stations, with an estimated cost of around $25 billion. While not yet fully operational, the modern, automated, and driverless trains will eventually be capable of carrying up to 3.6 million passengers once all the lines are complete.

  • France’s Macron arrives in Saudi Arabia for three-day visit

    Crown Prince Mohammed bin Salman welcomed French President Emmanuel Macron to Riyadh on Monday for a three-day state visit, during which the French leader will participate in the One Water Summit, a global forum focused on water sustainability efforts, the Saudi Press Agency (SPA) reported. The three-day state visit state also aims to strengthen diplomatic, economic, and cultural relations between France and Saudi Arabia.

  • Saudi Arabia Hosts IPL Auction: What It Means for Sports Tourism

    Last week, Saudi Arabia’s Jeddah hosted this year’s player auction for the Indian Premier League (IPL) — the highly popular annual cricket tournament in India. While Saudi Arabia is only hosting the auction, it is part of its larger strategy to bring big sporting activities to the country. During the IPL auction, the 10 franchise teams bid for participating players from across the globe. Often dubbed a marriage of cricket with entertainment, the 2024 edition of the tournament had close to 1.2 billion people viewing the matches on streaming services. The live matches are equally popular.

  • Saudi Arabia may slash January crude prices for Asia

    Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday. The January official selling price (OSP) for flagship Arab Light may fall by 70 to 90 cents a barrel from December to at least a four-year low, six sources at Asian refineries said in a Reuters survey.

  • Saudi Arabia, Ethiopia Hold First Round of Political Consultations

    The first round of political consultations between the Saudi Ministry of Foreign Affairs and the Ministry of Foreign Affairs of the Federal Democratic Republic of Ethiopia was held today at the ministry's headquarters in Riyadh. The Saudi delegation was led by Vice Minister of Foreign Affairs Eng. Waleed El-Khereiji, while Ethiopia's Minister of State for Foreign Affairs, Ambassador Mesganu Arga, headed the Ethiopian delegation. The consultations focused on ways to enhance cooperation between the two countries in various fields and discussed developments on regional and international issues. The meeting was attended by Saudi Ambassador to Ethiopia Dr. Fahd Al-Humaidani, Director General of Expatriate Affairs at the Ministry of Foreign Affairs Ambassador Dr. Mohammed Al-Shammari, and Ethiopian Ambassador to Saudi Arabia Dr. Muktar Kedir Abdu.