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  • The Women Behind adidas’ first Women’s Concept Store in Saudi Arabia 

    This project was led by 22 adidas women across different functions and locations, representing 11 nationalities, who all brought a diversity of thought and perspective to the project team.  “As an adidas employee and proud Saudi woman, working on this project was very meaningful. It was an opportunity to tell our own story and shape the narrative on what it means to be a Saudi woman. We’re multifaceted, and this store represents that. Whether you’re a football player or a fashionista, whether you prefer a modest clothing design or not, the product collection found in this store meets all those needs.” Said Nojoud Radwan, Senior Brand Director for Saudi Arabia and Women’s Concept Store Project Team member.

  • Saudi Arabia’s inflation rate hits 1.9% in October, the highest in 14 months

    Saudi Arabia’s annual inflation rate rose to 1.9 percent in October 2024, according to the data released by the General Authority for Statistics (GASTAT) on Thursday. The inflation records the highest rate in 14 months, driven mainly by an 11.7 percent rise in housing prices, the highest pace since 2013. However, this rate is among the lowest in the G20 countries.

  • Saudi Arabia can be aviation hub for Middle East, air show boss says

    Capt. Fareess Muneer, who sits of the club’s board, said: “Sand & Fun 2024 serves as an inspiration for young Saudis interested in aviation careers, supporting the Kingdom’s goals to cultivate a skilled and passionate workforce in this sector.” More than 100 exhibitors from around the world are taking part in the event, which will feature aerial displays, interactive exhibitions and the latest advancements in aviation technology. About 100,000 visitors are expected to attend. The main attraction is likely to be the SkyVentures Air Show, featuring more than 15 international teams, including the Saudi Hawks and the Phoenix Paramotors Display Team from Poland, showing off their aerobatic artistry

  • Dr. Al-Rabeeah: 170 countries benefited from $133 billion aid from Saudi Arabia

    He said that since its establishment in 2015, KSrelief has carried out 3,105 projects in 104 countries, totaling more than $7.1 billion in value. These projects span various vital sectors, with Yemen receiving the largest share—63.12 percent of the center’s total aid—amounting to over $4.5 billion. Al-Rabeeah emphasized that KSrelief has initiated 1,017 projects to support women worldwide, benefiting more than 153 million women with a total value exceeding $674 million. He also noted that the welfare of children is a key priority in the center’s humanitarian efforts, as KSrelief has carried out 953 projects dedicated to children worth more than $909 million, benefiting over 181 million young individuals.

  • Frustrated Saudi Arabia hold Australia 0-0 away in World Cup qualifier

    Herve Renard marked his return to the Saudi Arabia dugout with a gritty 0-0 draw against hosts Australia as the Green Falcons fumed at a late disallowed goal that cost them maximum points in a crunch World Cup qualifier on Thursday. Both sides had chances in front of 27,000 fans at Melbourne Rectangular Stadium but Renard's players were furious after Sultan Al-Ghannam's late strike was ruled offside although it was confirmed by VAR after a long break in play.

  • Ceer & Rimac: Leading High-Performance EVs in Saudi Arabia

    Ceer, the first Original Equipment Manufacturer (OEM) in the Middle East, is building a range of world-class EVs to serve the Saudi and broader Middle Eastern markets. The partnership will supply Ceer’s upcoming flagship EVs with Rimac’s high-performance, fully integrated Electric Drive Systems (EDS), setting a new standard for EVs in the Middle East. Foxconn, another strategic partner, will oversee the vehicles’ electrical architecture, focusing on advanced infotainment, connectivity and autonomous driving technologies.

  • NEOM Names Phase One Design Team for Saudi Arabia ‘The Line’ Megaproject

    The team helping design phase one includes Austrian firm Delugan Meissl Associated Architects as urban designer. NEOM has appointed San Francisco-based Gensler as city planning consultant and city asset design architect for infrastructure, including transportation hubs and public spaces. And U.K.-based Mott MacDonald is the city infrastructure engineer, which will handle vertical and horizontal structures, as well as city utility systems.

  • Saudi Arabia and IMF to co-host AlUla Emerging Markets Conference in February 2025

    The AlUla Emerging Markets Conference will bring together a distinguished group of finance ministers, central bank governors, policymakers, and public and private sector leaders from emerging markets, as well as representatives from international institutions and academia. It will provide a unique platform to exchange views on local, regional, and global economic developments and discuss policies and reforms aimed at stimulating inclusive prosperity and building resilience, supported by strong international cooperation, Al-Jadaan and Georgieva said.

  • The IMF and the Kingdom of Saudi Arabia to Hold a High-Level Annual Conference on Emerging Markets

    The International Monetary Fund and the Kingdom of Saudi Arabia have agreed to organize jointly in Al-Ula, Saudi Arabia, a high-level annual conference on challenges and opportunities facing emerging market economies. The first edition of this series will be held on February 16-17, 2025.  “The Al-Ula Conference for Emerging Market Economies will convene a select group of emerging markets’ ministers of finance, central bank governors, and policymakers, as well as public and private sector leaders, international institutions, and academia. It will offer a unique platform to exchange views on domestic, regional and global economic developments and discuss policies and reforms to spur inclusive prosperity and build resilience supported by strong international cooperation.”

  • Saudi Arabia’s Neom replaces its CEO amid reports of delays and cutbacks

    Neom’s leadership reshuffle comes at a period of changing financial pressures on the kingdom, as oil prices and demand forecasts remain subdued, and Saudi Arabia’s budget deficit widens. Budgets are facing cutbacks and projects are seeing delays, three people with knowledge of the matter told CNBC, speaking anonymously due to lack of authorization to speak to the press. The Line, for instance, has been reportedly scaled back from an initial planned length of 106 miles to just 1.5 miles — which would still make it the world’s longest building. Neom executives have vocally denied these reports, calling them “false” and saying that work was continuing as planned.