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  • New Orleans car attacker had Islamic State group flag, was a US military veteran

    The man who drove a truck into a crowd of New Year's Eve revellers in New Orleans early on Wednesday morning was a US citizen named Shamsud-Din Jabbar and was carrying the flag of the Islamic State (IS) group, the FBI said. "An ISIS flag was located in the vehicle, and the FBI is working to determine the subject's potential associations and affiliations with terrorist organizations," the FBI said in a statement, using another acronym for the IS group.

  • 2024 a year of unthinkable events that turned Middle East upside down

    The unthinkable in the troubled Middle East happened in 2024, with a major geopolitical shift after the stunning collapse of the Syrian regime at the hands of Islamist rebels. And Iran lost its foothold in the region, as did its most powerful military arm, Lebanon's Hezbollah. It was also a year of human tragedies in Gaza amid Israel's continued military offensive that killed nearly 45,000 people, including 17,000 children, and displaced 1.9 million, while 11,000 are thought to be buried under the rubble.

  • 7 government employees among 13 arrested after dismantling of 2 drug trafficking networks

    The Saudi security authorities have busted two criminal networks involved in drug smuggling and trafficking in the Riyadh and Jazan regions. A total of 13 gang members were arrested and they included seven government employees and six foreigners, according to an official source at the Ministry of Interior. The arrested people included two employees of the Ministry of Defense, one employee of the Ministry of Interior and four employees of the Zakat, Tax and Customs Authority, in addition to three Yemeni and Syrian residents each. They were referred to the Public Prosecution after taking the necessary legal measures, the source said.

  • Saudi Aramco cuts January 2025 LPG prices

    Saudi Aramco has reduced the official selling prices for propane and butane for January 2025. According to an official statement on Tuesday, the price of propane was lowered by $10 per tonne, while butane saw a $15 per tonne reduction compared to the previous month. Propane and butane are both types of liquefied petroleum gas, commonly used for heating, vehicle fuel, and as a feedstock in the petrochemical industry. These products have distinct boiling points, making them suitable for different applications.

  • Who are Saudi Arabia’s most promising athletes for 2025?

    After a memorable 2024 for many of Saudi Arabia’s athletes, attention is now turning to the new year and the talented young sportsmen and women who could enjoy a breakout 2025. From football to swimming, MMA to motorsport – Al Arabiya English highlights the Kingdom’s most promising athletes for 2025.

  • Commerce ministry: Stop using the term ‘sponsor’ and use ’employer’ instead

    The Ministry of Commerce has instructed all government and private entities that they should not use the term 'sponsor' and should be satisfied with the term 'employer'. The ministry emphasized that Article 2 of the Labor Law defines employer as "any natural or legal person who employs one or more workers in return for a wage." The ministry's directive came in a letter sent by it to the Federation of Saudi Chambers. In turn, the federation has conveyed the ministry's directive through a circular sent to chambers of commerce and industry in various regions of the Kingdom. It was stated in the circular that the definition of 'worker' is any natural person, male or female, who works for the benefit of the employer and under his management or supervision in return for a wage.

  • PIF fully subscribes to Saudi Re’s capital hike shares

    Saudi Reinsurance Co. (Saudi Re) announced, on Dec. 29, the completion of the subscription process for the new shares issued as part of its capital increase, with pre-emptive rights suspended. In a statement to Tadawul, Saudi Re said that the Public Investment Fund (PIF), as the sole investor subscribing to all the shares issued in the capital increase, is required to retain these shares for two years from the listing date, in line with the exemption granted by the Capital Market Authority (CMA).

  • Saudi Group Announces 1 GW of Renewables as Part of $50 Billion China Investment

    Saudi Arabia energy major ACWA Power announced it is developing more than 1 GW of renewable energy projects in China. The company in reports published Dec. 31 said the portfolio includes solar and wind power installations that would be owned jointly by ACWA Power and Chinese renewable energy developers. ACWA Power in a statement to Tadawul, the Saudi stock exchange, confirmed that the projects are sited across China and are in advanced stages of development. Yunhe Lyu, who leads ACWA’s operations in China, earlier in December said the company plans to invest as much as $50 billion to build renewable energy projects in that country by the end of this decade. Lyu said ACWA envisions as much as 20 GW of renewable energy generation capacity, along with development of green hydrogen projects.

  • Aramco raises diesel prices in Saudi Arabia to $0.44 per liter

    Saudi Aramco has increased diesel prices in Saudi Arabia to SR1.66 ($0.44) per liter, effective Jan. 1, 2025, marking a 44.3 percent rise compared to the start of 2024. According to the latest update on Aramco’s website, the company has kept gasoline prices unchanged, with Gasoline 91 priced at SR2.18 per liter and Gasoline 93 at SR2.33 per liter. The annual review of diesel prices is part of Aramco’s pricing mechanism, implemented in 2022. This year marks the fourth review under the system. In January 2024, the Kingdom raised diesel prices to SR1.15 from SR0.75 per liter, continuing its gradual adjustments.

  • Saudi PIF’s Influence on Global Sports Is Growing After a Big 2024

    But 2024 marked the PIF’s most significant year yet for sports investments. According to Danish NGO Play the Game’s latest report, the Public Investment Fund of Saudi Arabia and its subsidiaries have secured at least 346 sponsorships across global sports in 2024. This massive number highlights the PIF’s growing influence. The PIF kicked off 2024 with a bullish approach to tennis. First came the partnership with the Association of Tennis Professionals (ATP) in March, when the PIF became the official naming partner of the ATP Rankings and a sponsor of premier events, including Indian Wells, Miami, Madrid, Beijing, the ATP Finals, and the Next Gen ATP Finals. The fund further expanded into tennis in May, with a multiyear partnership with the Women’s Tennis Association (WTA) and secured Riyadh as the host city for the WTA’s season-ending championship. The WTA Finals in November marked the first time a professional women’s tennis tournament was held in the kingdom.