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  • Saudi’s PIF Establishes sarcc Company to Address Growing Staff Accommodation Demand

    Sarcc will be instrumental in leading the evolution of the accommodation market, through developing and operating complexes for staff in Saudi Arabia. The company will seek opportunities to invest in the sector, in order to strengthen standards for staff housing. Accommodations provided or sourced by sarcc will be designed to meet recognized international standards set by the International Finance Corporation (IFC) – part of the World Bank Group – and the European Bank for Reconstruction and Development (EBRD).

  • 12 Luxury Resorts In Saudi For An Unforgettable Getaway

    From pristine beaches to turquoise lagoons, the Kingdom has it all—and the finest luxury resorts in Saudi are here to help you make the most of the country’s must-visit destinations. only too happy to oblige. Expect idyllic waterfront havens, floating villas and private pools for endless rest, relaxation and rejuvenation. Ready to get your resting beach face on?

  • Iraq moves to revoke Saudi broadcaster’s license after report angered militia supporters

    Iraq’s commission governing media announced Saturday that it would take steps to revoke the license of a Saudi television station to operate in the country. That came hours after dozens of supporters of Iraqi militias stormed and looted the office of the broadcaster, MBC, in Baghdad in protest over a report that described a number of Iranian-linked militant figures — including a prominent Iraqi militia leader — as “terrorists.” The report on “terrorists” who had been killed this century mentioned former al-Qaida leader Osama bin Laden alongside a roster of Iran-backed figures.

  • Opinion: Sinwar’s Death Changes Nothing

    Netanyahu’s calculation is no mystery. Should he leave political office, he faces a criminal-corruption trial and a probable inquiry into the security meltdown on October 7. He has apparently concluded that the best way to stay out of prison is to stay in power, and the best way to stay in power is to keep the war going—specifically, the war in Gaza. The battle against Hezbollah in Lebanon is too volatile, and involves too many other actors, including the United States, Iran, and Gulf Arab countries, for Israel to keep control of its trajectory. For this reason, Lebanon is much less useful than Gaza as a domestic political tool.

  • Opinion: How the Biden Team Plans to Build Peace From Sinwar’s Death

    The death of Sinwar alone is not the sufficient condition to end this Gaza war and put Israelis and Palestinians on a pathway to a better future. Yes, Sinwar and Hamas always rejected a two-state solution and were committed to the violent destruction of the Jewish state. No one paid a bigger price for that than the Palestinians of Gaza. But while his death was necessary for a next step to be possible, it was never going to be everything.

  • How AI-driven robotics is transforming healthcare in Saudi Arabia

    Robots have lived among us for years, from our factory assembly lines to the autonomous vehicles sorting our parcels. Now, with rapid advances in artificial intelligence, our robot companions are taking on even more sophisticated tasks — even heart surgery. According to the World Economic Forum, the market for robot-assisted surgery is expected to surpass $14 billion by 2026. Having invested heavily in health sector innovation, Saudi Arabia is already making significant strides in the adoption of AI-driven robotics in medicine.

  • Saudi Arabia Seeks to Expand Local Helicopter Production With Leonardo

    Saudi Arabia is in talks with Leonardo to expand their collaboration by localizing the production of helicopter components. Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, and Leonardo Chairman Stefano Pontecorvo met in Milan to discuss a deal to support manufacturing aircraft structures, propellers, and advanced electronic flight systems. The partnership would also include developing capabilities in maintenance and repair service, as well as producing spare parts for engines, drones, and navigation systems. Leonardo has been working in Saudi Arabia for more than four decades, supplying fighter aircraft, avionics, surveillance, naval, and space systems, among others.

  • Saudi Tech Firm Ejada Taps Goldman for IPO at $1.5 Billion Value

    Ejada Systems Ltd. is considering an initial public offering in Riyadh at a valuation of as much as $1.5 billion, marking a rare listing by a technology services firm in Saudi Arabia. Goldman Sachs Group Inc. and Al Rajhi Capital have been hired to arrange the potential offering, which could come in the next few months, people familiar with the matter said, asking not to be identified as the discussions are confidential.

  • Saudi Arabia can achieve clean water entirely by renewable energy-powered desalination, executives say

    A nationwide supply of clean water produced entirely by renewable energy-powered desalination in Saudi Arabia is possible, according to top industry executives. Mohammed Al-Hajjaj, CEO of Engie Saudi Arabia, spoke to Arab News about how advances in technology and affordability meant that fully renewable desalination is a possibility. “In recent years, we have seen significant advances in energy storage, making it not only feasible and practical, but also increasingly affordable,” he said on the sidelines of the Solar & Storage Live KSA exhibition in Riyadh on Wednesday.

  • Corporate activities drive Saudi bank loans to highest growth rate in 18 months

    Saudi bank loans reached SR2.82 trillion ($753.27 billion) in August, representing an annual growth rate of 12.11 percent — the highest in 18 months, according to recent data. Figures from the Saudi Central Bank, also known as SAMA, showed that corporate lending dominated the sector, making up around 54 percent, with individual loans comprising the remaining figure.