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  • Saudi Arabia says Israeli aggression in Gaza, Lebanon pushing region to wider war

    Israel’s aggression in Gaza and Lebanon is pushing the region to a wider war, Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan told the opening session of the G20 Summit in Rio de Janeiro on Monday. “The ongoing Israeli aggression in Gaza and Lebanon has caused unprecedented levels of human suffering, pushing the region to a wider war and undermining the credibility of international law and institutions,” Prince Faisal said in his opening speech during a session.

  • Saudi Arabia to Develop Electricity Storage Systems in Uzbekistan

    Saudi company ACWA Power has signed an agreement with Uzbekistan to build electricity storage systems with a total capacity of 2,000 MWh. The deal was finalized during the COP-29 climate conference in Baku, Azerbaijan, The Caspian Post reports citing foreign media. Under the agreement, ACWA Power will collaborate with Uzbekistan’s Ministry of Energy to develop energy storage systems across the country. The implementation will be based on a comprehensive analysis of the national grid’s condition. The project will begin with feasibility studies to determine the most suitable regions for phased deployment.

  • Saudi Arabia to expand teaching of China language with 800 more teachers amid growing demand

    Saudi Arabia is set to expand the teaching of the Chinese language by creating 800 teaching positions, amid the growing demand for learning the Chinese language in the Kingdom. According to China’s official news agency, Xinhua, the planned appointment of the 800 new teaching roles aligns with the spread of Chinese language classes across Saudi Arabia’s primary and middle schools. The move follows the recent successful deployment of 175 Chinese language teachers in the Kingdom, who reportedly began teaching last month. It is part of a landmark agreement struck in 2023 between Riyadh and Beijing in an effort to strengthen bilateral cooperation in language education.

  • Saudi Arabia’s crude oil exports in September hit three-month peak

     Saudi Arabia's crude oil exports in September rose to their highest level in three months, data from the Joint Organizations Data Initiative (JODI) showed on Monday. The country's exports in September rose by 0.080 million barrels per day (bpd) to 5.751 million bpd from 5.671 million bpd in August.
    Saudi Arabia is the world's largest exporter of crude. At the same time, Saudi's production fell to 8.975 million bpd from 8.992 million bpd in August

  • Launch of the Kering Generation Award in Saudi Arabia, a strategic market for luxury

    This Monday, November 18, in Riyadh, marks the start of the competition organised by the luxury group Kering and the Saudi Fashion Commission to reward the most promising start-ups in the field of the circular economy. During the first phase, the 20 selected start-ups will be supported in a three-day boot camp and will participate in workshops designed to encourage their development. A second phase will select the ten best proposals, which will be assessed by a panel of judges on the basis of their capacity to innovate, their relevance to fashion and sustainability, their potential impact on the environment and society, and their commercial viability.

  • Saudi Arabia bans commercial use of symbols and logos of other countries

    Saudi Minister of Commerce Dr. Majed Al-Qasabi issued a decision banning the commercial use of symbols and logos of countries, as well as religious and sectarian symbols and logos. This is aimed at preventing the abuse or misuse of these symbols and logos. The ministry had previously announced the ban on using Saudi Arabia’s flag, which includes the name of God, the word of monotheism, the state emblem (the two swords and the palm tree), and pictures of the leadership and officials and their names in commercial transactions, including “printed materials, goods and products, media bulletins, special gifts, and others.”

  • Saudi Arabia Crown Prince MBS Cancels Trip to G-20 Summit in Rio

    The most likely reason is that flying more than 14 hours from the Saudi capital Riyadh to the Brazilian city may aggravate a chronic ear canal condition plaguing the 39-year-old widely known as MBS, according to the person, who asked not to be identified because of the sensitive nature of the issue. The Saudi leader has in the past experienced ear blockage and inflammation that has lasted days after making long-distance air trips, the person said. He has previously scrapped foreign trips at the last minute, including a state visit to Japan this year when his ailing 88-year-old father, King Salman bin Abdulaziz, underwent treatment for a lung inflammation.

  • I Spent 10 Days Exploring Saudi Arabia. Here’s Why You’ll Want To Add It To Your Bucket List

    From the moment I landed in Riyadh, I could tell things would be different from what I’ve been told all these years. Yes, women were covered in their traditional abayas, hijabs, and niqabs (and yes, there are differences), but they walked alongside other local women who wore none. Men and women greeted each other and me with kindness and smiles, and the airport alone was filled with all the comforts of home, like Starbucks, Dunkin Donuts, Footlocker, and Bath and Body Works. Driving through the streets, I soaked in the towering office and apartment buildings, sprawling medical complexes, malls, and hotels. I also took note of the ongoing construction, a sign of all that was still yet to come.

  • How Saudi Arabia is helping to drive equitable energy transitions in Africa

    Saudi Arabia has established itself as a leader in this collaboration between countries in the Global South, leveraging its resources, expertise, and strategic partnerships to unlock Africa’s renewable energy potential and shape a more sustainable future. In November last year, Saudi Energy Minister Prince Abdulaziz bin Salman signed groundbreaking memorandums of understanding with five African nations — Ethiopia, Senegal, Chad, Nigeria, and Rwanda.

  • Saudi Arabia’s Public Investment Fund Sold Its Entire Live Nation Stake

    Saudi Arabia’s Public Investment Fund (PIF), the oil-rich country’s sovereign wealth fund, has sold its entire stake in Live Nation, according to an SEC filing dated Thursday (Nov. 14). In April 2020, the $925-billion PIF acquired approximately 12.5 million shares that amounted to a 5.7% stake in Live Nation, making it the fourth-largest shareholder behind Liberty Media, The Vanguard Group and BlackRock. The investment, made through open-market stock purchases, attracted attention partly because the country’s government was still being criticized for the murder of journalist Jamal Khanshoggi at the Saudi consulate in Istanbul in 2019.