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  • 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.

  • US to extend visa validity for Saudis to 10 years starting Aug. 1

    The US will extend visa validity for Saudi citizens from five to 10 years starting Monday, Aug. 1. “The people of the US and Saudi Arabia have a long and proud history of communication and exchange, both socially and commercially. Extending the term of the US visa for Saudi nationals is one of the most tangible ways to deepen people-to-people ties and increase mutual understanding between our two countries,” the US Embassy tweeted.

  • US to extend visa validity for Saudis to 10 years starting Aug. 1

    The US will extend visa validity for Saudi citizens from five to 10 years starting Monday, Aug. 1. “The people of the US and Saudi Arabia have a long and proud history of communication and exchange, both socially and commercially. Extending the term of the US visa for Saudi nationals is one of the most tangible ways to deepen people-to-people ties and increase mutual understanding between our two countries,” the US Embassy tweeted. Top US diplomats in the Kingdom believe it will deepen ties between the two countries.

  • Saudi government selects IBM as partner for digital skills building

    Special note is given to the role of four academies to enhance digital skills – namely, Saudi Digital Academy, Misk Academy, Tuwaiq Academy, and National Information Technology Academy. The initiatives have helped reach more than 15 million beneficiaries, with more than 70,000 young people benefiting from initiatives to enhance their digital skills, along with more than 31,000 trainees and trainees in the Future Skills initiative.

  • From US Partner To Pariah And Back: Saudi Prince Salman’s Journey

    Four years later he is being rehabilitated, with Greece and France welcoming him this week on his first visit to the West since the Khashoggi affair, less than two weeks after he received a reconciliatory visit -- and fist bump -- from US President Joe Biden.