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  • Journey of a lifetime
     

    To say that I was excited to be in the presence of such history would be an understatement. I had been looking forward to this trip for months and was absolutely beside myself. My purpose was to travel with my mother to Saudi Arabia to perform the Umrah, a mini version of the annual Hajj […]

     
  • Al-Qaida’s wretched utopia and the battle for hearts and minds
     

    Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]

     
  • Positive Steps: Interview with Saudi Minister of Finance Al Assaf
     

    The industrial sector is the real excitement for us, which is growing at a rate of 15 per­cent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy. A particular sector that we are excited about is the mineral […]

     
  • “Milestone” oil manipulation case unsettles traders
     

    U.S. regulators’ $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a “milestone” victory in their toughening stance on market malfeasance which is being closely watched by traders. In its first major case against an algorithmic trader, the Commodity Futures Trading Commission said late on Thursday that a court […]

     
  • Home boom aids Saudi Telecom profit surge
     

    Soaring demand for broadband helped Saudi Telecom Co (STC) post a 60 percent increase in first-quarter profit on Wednesday, with the former monopoly reporting rising revenues in its mobile, fixed line, corporate and wholesale units. The former monopoly, which will pay a quarterly dividend of 0.5 riyals per share, made a profit of 2.52 billion […]

     
  • US and Saudi team up for renewable energy projects
     

    The United States and Saudi Arabia are prepared to sign a number of deals related to the establishment of investment and service projects depending on renewable energy resources, Arab News reported. US Assistant Secretary of Commerce for Manufacturing and Services, Nicole Lamb, said the US would support the Kingdom on its drive to develop clean […]

     
  • The arms spending map of the world
     

    How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.

     
  • Major Banks Expanding in Saudi Arabia
     

    “We’d be crazy to limit ourselves to a handful of bankers when we can see oil prices are going to sustain the Saudi economy for the foreseeable future,” Rory Gilbert, the head of Middle East and North Africa at London-based Barclays’s wealth management unit, said in an interview this week in Dubai. “In four or […]

     
  • A Nuclear Iran: CNN
     

    What do we really know about the Iranian nuclear threat?  Iran says it wants the right to have its peaceful nuclear program formally recognized.  But from the outside, Iran has long given the impression it has something to hide.  And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     

MUST-READS

  • Turkish-Saudi Normalization Grows Under Security Umbrella

    Saudi Arabia’s burgeoning political and defense cooperation with Turkey has attracted significant attention, especially following visits by these top Saudi officials, which have paved the way for the signing of key cooperation agreements. Turkish policymakers have hailed the pace of advancements in relations with Saudi Arabia, stating that 2024 could be a “golden year” in Turkish-Saudi economic ties. Beyond the aspirations of policymakers from both countries, evolving regional dynamics are providing critical support for the development of closer Turkish-Saudi relations.

  • Saudi Commerce Minister Leads Delegation to Boost Trade with Korea

    Saudi Commerce Minister Dr. Majid bin Abdullah Al-Qasabi arrived in Seoul today, leading a Saudi delegation on a three-day visit to bolster trade ties with the Republic of Korea. The delegation, comprising officials from 10 government agencies and 55 business leaders from major national companies, aims to reinforce economic partnerships and participate in the Saudi-Korean Business Forum.

  • Mega Projects Enhance Growth of Saudi Arabia’s Facilities Management

    Mega Saudi projects have contributed to increasing the volume of facilities management investments, which are expected to exceed $60 billion during 2030. Facilities management is defined as a comprehensive field that brings together the workplace (buildings and facilities), its workforce, and system operations. It aims to ensure smooth workflow, improve the efficiency of using facilities, and create a safe and comfortable work environment. The sector covers a wide range of services, including hard services such as mechanical and electrical maintenance, fire safety, and maintenance of building systems and equipment, and soft services such as cleaning, recycling, pest and infection control, floor maintenance and waste disposal.

  • King Salman Stadium in Riyadh to open in 2029

    The King Salman Stadium in Riyadh – planned to be one of the world’s largest sports arenas – will be ready in the fourth quarter of 2029, as the kingdom continues its investments in the sports sector. The stadium will serve as the Saudi national team’s main headquarters, the state-owned Saudi Press Agency reported, quoting a statement from the Royal Commission for Riyadh City and the Ministry of Sport.

  • Don’t bomb Beirut: U.S. leads push to rein in Israel’s response

    The United States is leading a diplomatic dash to deter Israel from striking Lebanon's capital Beirut or major civil infrastructure in response to a deadly rocket attack on the Golan Heights, five people with knowledge of the drive said. Washington is racing to avert a full-blown war between Israel and the Iranian-backed Lebanese movement Hezbollah after the attack on the Israeli-occupied Golan killed 12 youths at the weekend, according to the five people who include Lebanese and Iranian officials plus Middle Eastern and European diplomats.

  • GAFT Heads Saudi Team at GCC-Türkiye Free Trade Negotiations

    The General Authority of Foreign Trade (GAFT) -- represented by GAFT Deputy Governor for International Organizations and Agreements and head of the Saudi negotiating team Farid bin Saeed Al-Asali -- led the Kingdom's delegation participating in the first round of negotiations of a free-trade agreement (FTA) between the Gulf Cooperation Council (GCC) countries and Türkiye, held in Ankara July 29 to 31.

  • Saudi Arabia formally bids to host FIFA World Cup 2034

    Saudi Arabia has officially submitted its bid to host the Fifa World Cup 2034. The bid books will be published after the official deadline ends on July 31, the football governing body said in a statement. Saudi officials, including sports minister Prince Abdulaziz bin Turki Al Faisal and Saudi Arabian Football Federation president Yasser Al Misehal, handed the bid book to Fifa.

  • Abu Dhabi Investor Backs AI Firm Founded by Saudi MIT Graduates

    Shorooq teamed up with other public and private institutions including Saudi Venture Capital Company, Saudi Technology Ventures and Olayan Financing Company in what it described as the largest Series A investment for an AI firm in the Middle East and North Africa. The funds will be used to develop the firm’s product offering and geographical expansion, according to a statement.

  • LME approves Saudi port as warehouse delivery point

    The London Metal Exchange (LME) has approved Red Sea port city Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, it said on Monday. The exchange said the listing will become active three months after the first warehouse company has been approved in the new location. Warehouses registered with the LME, the world's largest and oldest metals trading venue, are usually located in areas of net metals consumption or top transit hubs such as Rotterdam.

  • A day of chaos in Israel as far-right protesters storm military bases

    Israel experienced hours of chaos on Monday after far-right protesters encouraged by ultranationalist politicians from the governing coalition broke into a military base where Hamas militants are detained and another base hosting the Israel Defense Forces military court.