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  • Saudi Arabia calls for crescent Moon sighting to mark the start of Ramadan 2023

    The Supreme Court in Saudi Arabia has called on people to look for the crescent moon on Tuesday, the sighting of which would start the holy month of Ramadan. State news agency SPA reported that the country’s Supreme Court has requested anyone who sights the crescent moon, whether with the naked eye or using binoculars, to report it to the nearest court and register their testimony. Alternatively, they can contact the nearest relevant authorities to guide them.

  • Iran Agrees to Stop Arming Houthis in Yemen as Part of Pact With Saudi Arabia

    U.S. and Saudi officials said they want to see if Iran holds up its end of the bargain as Tehran and Riyadh proceed with plans outlined in the deal to reopen their respective embassies in two months. The agreement to resume Saudi-Iran relations “gives a boost to the prospect of a [Yemen] deal in the near future,” while Iran’s approach to the conflict will be “kind of a litmus test” for the success of last week’s diplomatic deal, one U.S. official said.

  • Iran Agrees to Stop Arming Houthis in Yemen as Part of Pact With Saudi Arabia

    U.S. and Saudi officials said they want to see if Iran holds up its end of the bargain as Tehran and Riyadh proceed with plans outlined in the deal to reopen their respective embassies in two months. The agreement to resume Saudi-Iran relations “gives a boost to the prospect of a [Yemen] deal in the near future,” while Iran’s approach to the conflict will be “kind of a litmus test” for the success of last week’s diplomatic deal, one U.S. official said.

  • Empowering Saudi Arabia’s private sector is at the heart of everything PIF does 

    By acting as a cornerstone investor, PIF’s size and long investment horizon mean we can step in at the early stages, lay the foundations, and “crowd in” the private sector. This is particularly important in sectors that do not exist currently or are in the early stages of growth in the Kingdom. From investments in the automotive sector, establishing the Kingdom as a manufacturing hub for the next generation of electric vehicles, to the growing esports and gaming industries, and as a major investor in renewable energy, PIF is catalyzing emerging sectors and investing in our shared future.

  • Empowering Saudi Arabia’s private sector is at the heart of everything PIF does

    That is why PIF puts empowering Saudi Arabia’s private sector at the heart of everything we do, and why this week, over 4,000 private sector representatives from across the Kingdom representing a diverse range of sectors came together with more than 50 PIF portfolio companies, government ministers and senior PIF executives. For us, it was an exciting opportunity to engage with corporates and small and medium enterprises who want to grow their businesses, and ensure that the private sector has visibility and access to the opportunities that PIF is creating. For the attendees from the private sector, it was a venue to connect with PIF portfolio companies representing multiple billions of riyals of future domestic procurement opportunities. The Private Sector Forum is the latest PIF initiative dedicated to empowering the private sector; it is an extension of the fund’s efforts to champion the private sector, build a more resilient domestic economy, and increase local content across its portfolio companies to 60 percent by 2025.

  • Beta Lab launches in Saudi Arabia to scale homegrown deeptech startups

    Beta Lab, a VC and co-creation studio for startups dedicated to fostering the growth of deep technology startups, is pleased to announce its official launch in Saudi Arabia with number of partners including Saudi Ministry of Investment, Future Investment Initiative Institute (FII), KBW Ventures, and a number of global partners.

  • Saudi Arabia Grand Prix 2023: Date, start time, TV channel and live stream

    The 2023 F1 season continues apace this weekend with the Saudi Arabia Grand Prix at the Jeddah Corniche circuit, with one question dominating all else. Can anybody stop Red Bull?

  • Aston Martin Reveals Huge Partnership Ahead Of Saudi Arabian GP

    After a long hiatus, Saudia Airlines is back in the Formula 1 game as the official global airline partner of the Aston Martin team. This marks the airline's triumphant return to the sport where it once held an iconic status as the sponsor of the Williams team. In the late 70s, Frank Williams became the first team boss to seek financial support from the Middle East, with Saudia being one of the airline companies that answered his call.

  • Saudi Arabia Announces New Partnership with Boeing -The Embassy of The Kingdom of Saudi Arabia

    “The enduring strategic partnership between both countries is enhanced by a common vision to expand cooperation into different fields, like transportation, which opens up many opportunities for both countries” said Saudi Arabia’s Ambassador to the United States HRH Princess Reema bint Bandar Al-Saud. “Today’s announcement is that common vision in action.” “Not long after the founding of the modern Saudi state, it was American companies that helped build our young economy,” stated the Ambassador. “And American companies will continue to be an important part of our bold future,” she continued.

  • Saudi Arabia’s FM Prince Faisal meets French counterpart in Paris

    Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan met with his French counterpart Catherine Colonna in Paris on Friday. The diplomats reviewed relations and ways to further develop ties, the Saudi Ministry of Foreign Affairs said in a statement.