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  • Saudi Arabia Condemns Israel for Targeting HQ of Qatari Committee for Gaza Reconstruction

    In a statement, it said the attack was part of a “broader pattern of Israeli violations of international laws and norms.” It underlined Saudi Arabia’s solidarity with Qatar in the face of this blatant attack.

    It reiterated the Kingdom's call for the international community “to fulfill its responsibilities by promptly putting an end to Israel’s ongoing violations and holding it to account in line with international humanitarian law” in wake of the “atrocities it has committed against civilians, hospitals, and critical infrastructure in the besieged Gaza Strip.”

  • Seven endangered Arabian Leopard cubs born in Saudi Arabia

    In a significant stride toward conservation, the Royal Commission for AlUla (RCU) announced the birth of seven Arabian leopard cubs in Saudi Arabia.

    This notable achievement underscores the RCU's unwavering commitment to the preservation of biodiversity and the protection of Arabian leopards, a species on the brink of extinction. The leopard cubs, a testament to the success of the RCU's conservation efforts, made their debut at the Prince Saud bin Faisal Wildlife Research Center in the Taif Governorate over the past five months. This brings the total number of Arabian leopards under the care of the RCU to 27, marking a remarkable doubling of their population since the initiation of the Arab Leopards Project in 2020.

  • Saudi Arabia exceeding regional headquarters target, says investment minister

    Saudi Arabia has outperformed its target for attracting regional headquarters, with over 180 companies now established in the Kingdom. This number surpasses the initial goal of securing 160 HQs by the end 2023, as disclosed by Minister of Investment Khalid Al-Falih. In an interview with Bloomberg, Al-Falih emphasized that the regional headquarters program is part of a “long-term journey,” adding that the Kingdom is working with international entities to create the “right ecosystem” to open their offices in Saudi Arabia.

  • Saudi Arabia Participates in UNESCO’s 42nd General Conference in Paris

    Minister of Culture and Chairman of the National Commission for Education, Culture and Science Prince Badr bin Abdullah bin Farhan leads Saudi Arabia's delegation to the 42nd session of the General Conference of UNESCO, held in Paris between November 7 and 22. The delegation includes representatives of the ministries of culture and education, the Saudi Data and Artificial Intelligence Authority, and other national authorities.

  • BNP Hires SocGen’s Jalal Al Marhoon for Saudi Arabia

    BNP Paribas SA has hired Jalal Al Marhoon as a managing director in Saudi Arabia, the latest sign that foreign investment banks continue to expand in one of the world’s most active markets for deals. The French banking giant’s Saudi entity recently appointed Al Marhoon as managing director and put him in charge of a portfolio of local clients, according to a spokeswoman for BNP. He’ll report to Ammar Pharaon, who heads BNP’s investment banking operations in the kingdom.

  • Saudi Arabia postpones Arab-African summit to convene emergency meetings on Gaza

    Saudi Arabia has postponed the fifth Arab-African summit that was scheduled for Friday and will, instead, host emergency Arab League and Organisation of Islamic Co-operation summits on Friday and Saturday to discuss Israel’s war on Gaza.

    The Saudi Foreign Ministry said it had reached the decision on Tuesday night after consulting with the Secretariat of the League of Arab States and the African Union Commission to “ensure that political events in the region do not affect the Arab-African partnership”.

    The Arab League summit will take place on Friday, involving most leaders of member states, while the OIC conference, to which Iranian President Ebrahim Raisi has been invited to, will be held on Saturday, a source in the ministry said.

  • Are coffee shops becoming a new social hub for Saudi Arabia’s younger generations?

    “Ten years ago, you didn’t see any specialty coffee shops or roasters in the country,” he tells me. “Today, there’s huge demand for high-end or unique coffees, with a lot of competition between Saudi roasters to bring quality coffee to market.” Premiumisation, as Mazen describes, is a process by which roasters sell more exclusive, rare, and superior quality coffee to drive brand appeal and increase prices. Ultimately, this adds a greater sense of value for the buyer, and makes them more willing to pay higher prices.

  • Saudi Arabia: New Thresholds for Merger Filings, and New Conditional Approvals

    Saudi Arabia's General Authority for Competition recently announced key changes to its merger control notification thresholds, adding a new local nexus test and a new minimum turnover threshold for the acquired entity. This is a significant development in parallel to the GAC's increasingly active role in merger enforcement, including new cases where behavioral and structural remedies were required as conditions for approving deals.

  • French Rafales ‘Trounce’ Eurofighters As Germany Blocks Sale Of Typhoon Jets To Saudi Arabia – Reports

    More than 6,000 British workers are employed directly by the Typhoon program, with a further 28,000 in the supply chain. The UK needs its air industrial base to keep going. This is attributed to one reason: the production of the sixth-generation fighter jet will start in full earnest only in the 2030s, and the Royal Air Force is replacing its Eurofighters with US-produced F-35 stealth jets. This would essentially leave a vacuum in the industry.

  • Hollywood’s Stampede Ventures And Saudi Arabia’s Film AlUla Forge Milestone $350 Million Pact

    Saudi Arabia’s Film AlUla, the film entity looking to attract international productions to a sprawling area of desert and giant boulders, has forged a partnership with Hollywood indie Stampede Ventures, bringing 10 productions to the region over the next three years with a projected $350 million spend.

    The groundbreaking agreement with Stampede marks the first deal of this scale between Hollywood and Saudi since the kingdom lifted its ban on cinema in late 2017. Stampede is headed by U.S. industry veteran Greg Silverman, former president of creative development and physical production at Warner Bros. Silverman launched Stampede Ventures in 2018.