MUST-READS

• Saudi Arabia launches self-driving aerial taxi service for Hajj pilgrims

  Saudi Minister of Transport and Logistic Services, Saleh Al-Jasser, launched a self-driving aerial taxi service for pilgrims during this year’s Hajj season, Saudi Press Agency (SPA) reported. The flying taxi is the world’s first to be licensed by a civil aviation authority. The flying taxi will transport pilgrims across holy sites, facilitate the swift transfer of medical emergencies and supplies, as well as deliver goods.

• Transforming the future of Saudi aquaculture through KAUST’s partnership with MEWA

  In a world facing climate change and a rapidly growing population, food security is emerging as one of the most pressing global challenges. The Kingdom of Saudi Arabia has recognized food security as one of the key objectives of its Vision 2030 program and has launched ambitious projects to address this issue. Among the flagship initiatives is the Aquaculture Development Program (ADP), a joint effort coordinated by King Abdullah University of Science and Technology (KAUST) and the Saudi Arabian Ministry of Environment, Water and Agriculture (MEWA), aimed at transforming the nation’s food economy.

• Saudi crown prince cancels G7 Summit attendance due to Hajj commitments

  Saudi Arabia’s Crown Prince Mohammed bin Salman has declined an invitation to attend a communication session of the G7 Summit in Italy on Friday. He sent a message to Prime Minister Giorgia Meloni thanking her for the invitation but said he is unable to participate because of his obligations to supervise the work of officials in the Kingdom during Hajj season, the Saudi Press Agency reported on Wednesday.

• Wood Completes Preliminary Engineering For World’s Largest CCS Hub In Saudi Arabia

  Wood has completed the front-end engineering and design (FEED) scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration (ACCS) project in Saudi Arabia, expected to be the world’s largest carbon capture and sequestration (CCS) hub, upon completion.

• Risky Business: Saudi Arabia’s Oil Price Hike and Market Reaction
  As the world’s leading energy exporter, Saudi Arabia’s decision to raise the price of oil for its Asian customers, namely China and India, is a significant development. The surprise move, announced ahead of the much-anticipated OPEC+ meeting on June 2, saw Saudi Aramco increase the price of Arab Light crude for Asia customers by over 300 percent—from $0.90 to $2.90 per barrel above the Oman-Dubai benchmark.

• Ties with Saudi Arabia set to flourish as Kuwait names new crown prince

  The appointment of Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah as crown prince has been widely welcomed in Kuwait. Many observers see the move as historic and geared to shape the country’s future political direction. The appointment is expected to bring political stability and economic reforms needed to advance lagging national development plans. The crown prince also faces heavy expectations that he will help boost Kuwait's regional standing, notably embarking on a trip to Jeddah only days after taking office. 

• Saudi consumer behaviour is “radically changing”

  In my thirty five years of living and working in Saudi Arabia, the last decade has been a truly transformative period for the Kingdom, whether it’s on a societal or an industry level, the changes have been positive and impactful.

  The society as a whole has become very open and progressive, and yet still values its culture.

  The young generation respects the traditions of the past, but are not bound by it. They look to the future in a positive way, and feel that there are more opportunities available for them.

• Saudi Women in the Spotlight of the Makkah Route Initiative at Casablanca Airport

  Saudi women have proudly represented themselves in various initiatives and at international forums. During the Hajj season of 1445 AH, many Saudi women from the General Directorate of Passports played a crucial role in serving pilgrims and streamlining procedures, ensuring quick completion of their travel procedures.

• OPEC sticks to 2024 oil demand growth forecast but trims Q1 view
  OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower-than-expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year.
  The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025. Both forecasts were unchanged from last month.

• Over 1.5 million pilgrims arrive in Saudi Arabia for annual pilgrimage

  Over 1.5 million pilgrims have so far arrived in Saudi Arabia for this year’s Hajj season, the Kingdom’s General Directorate of Passports announced on Tuesday. The directorate said that up until Monday, June 10, the number of pilgrims that entered the Kingdom through the air, land and sea ports reached 1,547,295.

• 10 of 47325 results<< 1 … 362 363 364 … 4,733 >>