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  • The Saudi Cultural Mission’s New Headquarters
     

    The new SACM headquarters in Fairfax, Virginia provides a modern hub for Saudi Students in the United States, and stands as a symbol of the strong cultural relations between the United States and Saudi Arabia. Until recently, the future of the iconic Watergate hotel and office complex in Washington DC, which was the site of […]

     
  • With customs union, GCC edges toward closer economic ties
     

    Saudi Arabia, the biggest Arab economy, is leading moves toward political and economic cooperation, which it believes would give the mostly Sunni-led monarchies of the Gulf more power to withstand any confrontation with Shi’ite Iran. Closer business ties within the GCC, which consists of Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain and has […]

     
  • Ramadan 1433
     

    Ramadan means more in the lives of Muslims than refraining from eating and drinking during the daylight hours. The ritual fasting during the holy month is among the five pillars of Islam: Shahadah, the declaration of faith; Salat, five daily prayers; Zakat, charitable giving; Hajj, the pilgrimage to Mecca; and Sawm of Ramadan, the ritual […]

     
  • Saudi car sales to hit $25 billion by 2013
     

    Saudi Arabia has ambitious plans to further expand its lucrative automobile industry. In 2011 alone, the Kingdom announced the sale of approximately 800,000 cars potentially increasing to 1 million vehicles per year by the end of the current decade. In this context, the country is planning to start manufacturing automobile parts by 2013 in addition […]

     
  • Muslims across the world prepare to observe Ramadan
     

    Muslims around the world begin fasting on Friday in observation of Ramadan, the holiest month in Islam when the faithful abstain from eating food or drinking water from sunrise to sunset…. Every year, identifying the start of Ramadan is like a waiting game; Islamic scholars must see the new crescent moon in the night skies […]

     
  • Gulf States Move to Diversify Income Sources
     

    Saudi Arabia, the world’s biggest oil exporter, has identified mining as a key investment area after oil and petrochemicals, and is spending an estimated $38 billion to develop two cities centered around mining…“The idea is to try and improve the range of benefits and advantages of doing business in the G.C.C. and in Saudi Arabia, […]

     
  • Moving forward with nationalisation in Saudi Arabia
     

    “Nitaqat represents an effort to introduce more incentives for companies to employ Saudis and in that sense it is an improvement on what went before,” says James Reeve, an economist at the local Samba Financial Group. “The reason you are hearing more complaints is probably because the system is being enforced with greater vigour.” Despite […]

     
  • More than half of GCC population under age 25
     

    The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people in 2011, less than 1 percent of the global population, a recently published report read. The report, filed by Kuwait Financial Center (Markaz), highlighting the GCC demographic shift, said the region is young, with 54 […]

     
  • Saudi public sector’s bank credit rebounds
     

    Bank lending in Saudi Arabia is continuing at a generally brisk pace, the National Commercial Bank said in its “GCC Financial Market Quarterly” released Monday.The report said liquidity conditions supporting this credit expansion remain very benign. However, the growing economic confidence has begun to hit deposit growth somewhat and the annual pace of expansion decelerated […]

     
  • Jadwa Investment’s Saud June 2012 Inflation Report
     

    Jadwa Investment’s recently released June inflation report found year-on-year inflation for Saudi Arabia eased again in June, slipping to 4.9 percent from 5.1 percent in May, the first time it has been below 5 percent since August 2011. The Riyadh-based investment firm also found lower rental inflation caused most of the fall. Jadwa’s report is […]

     

MUST-READS

  • Saudi And Egyptian Energy Ministers Discuss Strategic Power Projects And Renewables

    In a significant move to enhance regional energy cooperation, Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, met today in Riyadh with Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and Minister of Electricity and Renewable Energy, Dr. Mahmoud Esmat.

  • Saudi Arabia transfers: Every completed deal, rumour, snub, exit as Moussa Diaby nears Al Ittihad

    The 2023 summer transfer window will be hard to beat after Saudi Arabia went a bit crazy. Regardless, it is worth keeping up to date with the Saudi Pro League’s transfer activity this summer. Here is every done deal, rumour and snub there is to know.

  • Saudi Arabia’s NEOM partners with Equinox to open luxury resort

    Saudi Arabia’s giga project known as NEOM is partnering with Equinox Hotels to open a luxury resort on the coast of the Gulf of Aqaba, located on the northern tip of the Red Sea.

    Equinox Resort Treyam will be an architectural spectacle in NEOM’s Magna region, set on a bridge-like structure that spans for about a quarter of a mile and hangs above a desert lagoon, according to a statement. It’ll include a club house, spa and Equinox fitness center, among other things.

  • Saudi Arabia Bids Farewell to Last Pilgrims from Madinah Airport

    The last group of pilgrims from this year’s Hajj season departed Saudi Arabia on Sunday aboard a Saudia flight from Prince Mohammad bin Abdulaziz International Airport in Madinah. The flight carried 320 pilgrims to Kertajati, Indonesia, after they completed their Hajj rituals. Saudia, the Kingdom’s flag carrier, hosted a farewell ceremony, concluding its 74-day Hajj operations.

  • Saudi farmer turns worm waste into wealth in innovative move

    A Saudi farmer has developed a technique that transforms a common garden nuisance into a useful resource. Mohammed Al-Shaer, of Al-Dhafir village in Baha, has established a thriving vermicomposting operation on his farm, producing high-quality organic fertilizer from earthworms, according to a report by the Saudi Press Agency.

  • Huge billion-dollar Saudi city for 120,000 people starts construction

    Banan City – an enormous 10km2 (3.9 sq mi) new municipality located northeastern of the city of Riyadh – started construction earlier this month as Saudi Arabia’s World Expo 2030 looms.

  • Al Nassr keeper Sara Khalid says ‘no limit’ to Saudi women’s football growth

    Sara Khalid al-Dossary first fell in love with football as a fan watching her father’s beloved Al Ettifaq, but it is with Al Nassr where the goalkeeper’s passion has bloomed into significant sporting success. In May, al-Dossary celebrated winning a third straight league title. The Saudi Women’s Premier League was inaugurated in 2022 and for the past two years, Al Nassr has been its dominant force – winning back-to-back trophies, the most recent by a 10-point margin.

  • Saudi Arabia’s TechMal closes $1 million pre-Seed

    Saudi-Arabia based fintech TechMal has raised $1 million in a pre-Seed investment round, led by Al Majidiya Investment Company alongside other investors. Founded in 2024 by Saud Al-Rebdi and Basil Alsuhaibani, TechMal operates as a micro-consumer finance company.

  • Diriyah: The Historic Heart of Saudi Arabia will Transform Urban Living

    This is without a doubt the biggest project I have ever worked on. I have worked with some of the biggest developers in the region in the past – but nothing of the size, scale and ambition of Diriyah. When you consider our starting point is as the custodian of the birthplace of the modern Saudi state and its 300-year-old heritage – we have an enormous responsibility to ensure that we preserve the past, embrace the present and create a dynamic new future.

  • Saudi Arabia’s PIF makes bid to increase stake in Selfridges

    PIF already owns a 10 per cent share in the Selfridges properties, while 40 per cent is owned by the troubled real estate and retail empire, Signa and the remaining 50 per cent is owned by the Thai retail conglomerate Central Group.