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  • Saudi Arabia condemns Israel’s burning of Gaza hospital

    Saudi Arabia on Friday denounced the burning of a Gaza hospital by Israeli forces and the forced removal of patients and medical staff from the facility. Hospital officials said that Israeli troops raided Kamal Adwan Hospital on Friday, gathered staff outside the facility, removed their clothes, and took them to an unknown location. Israeli soldiers then set fire to several parts of the facility, which is one of the last operating in the northernmost part of the Gaza Strip, including the surgery department, according to the Palestinian health ministry in the enclave.

  • Rock art in Saudi Arabia’s Harrat is testament to ancient life, cultural exchange

    The Harrat region, south of Tabuk, is a treasure trove of ancient history, boasting a remarkable collection of rock art that provides a fascinating glimpse into past civilizations, according to the Saudi Press Agency report. The rugged volcanic landscape served as a canvas for ancient inhabitants, who expressed their beliefs, experiences, and social interactions through intricate engravings and paintings. Depictions of hunting scenes, made using simple tools, offer a window into the daily lives of the early inhabitants of these areas, the SPA report noted. Rock art also provides a record of the fauna that once lived in the region, including oryx, gazelles, and even tigers.

  • Saudi Arabia strongly condemns Israeli settlers for storming Al-Aqsa Mosque courtyards

    Saudi Arabia strongly condemned on Sunday Israeli settlers for storming the courtyards of Al-Aqsa Mosque in Jerusalem. In a statement, the Ministry of Foreign Affairs expressed Saudi Arabia's strongest condemnation of the storming of Al-Aqsa Mosque courtyards by Israeli settlers, carried out under the protection of police and occupation forces. The ministry reiterated its denunciation of the continued blatant violations of international law and the repeated brutal attacks on the sanctity of Al-Aqsa Mosque.

  • Giga-projects fueling real estate boom in Saudi Arabia

    “Saudi Arabia’s policy reforms and investment under Vision 2030 have transformed the Kingdom’s real estate landscape, making it one of the most dynamic markets in the region,” said Tarek Lotfy, president of Mercer in India, Middle East, and Africa, in an interview with Arab News. He emphasized that these reforms have accelerated the sector by aligning with broader initiatives to increase homeownership, improve livability, and attract foreign investments. This has been achieved through eased ownership regulations and the creation of Special Economic Zones. According to Sally Menassa, partner at Arthur D. Little Middle East, these reforms have included “easing foreign ownership restrictions, enhancing transparency in real estate transactions, introducing incentives for green building practices, and establishing a national framework for smart city development.”

  • Number of factories in Saudi Arabia crosses 12,000: Alkhorayef

    The number of factories in Saudi Arabia has surpassed 12,000, reflecting significant investments driven by strong demand and stability, particularly in local content, Minister of Industry and Mineral Resources Bandar Alkhorayef said. In an interview with Al Ekhbariya, Alkhorayef emphasized that Saudi factories are highly competitive, leveraging advanced technology and automation, along with adopting the Fourth Industrial Revolution.

  • Saudi Arabia’s final IPO for 2024 – AlMoosa Health – rakes in 408.7% retail over-subscription

    Saudi Arabia's stock market has closed 2024 on a high, going by the response the final offering has garnered. The retail subscription for AlMoosa Health pulled in 395,986 investors subscribing at SR127 a share - and generating a retail tranche oversubscription of a substantial 408.71%. The total retail demand came to SR1.4 billion. The retail tranche had 2.66 million shares, or 20% of the total offer size. This is the second IPO from a Saudi healthcare company this year. (The Dr. Soliman Abdel Kader Fakeeh Hospital Co. was the earlier one.)

  • Al-Sharaa Says Saudi Arabia Has Major Role In Syria’s Future

    Al-Sharaa is Syria’s de facto leader until March 1, when Syria’s different factions are set to hold a political dialogue to determine the country’s political future and establish a transitional government that brings the divided country together. There, he said, Hayat Tahrir Al-Sham will dissolve after years of being the country’s most dominant militant group that held a strategic enclave in the country’s northwest. He also expressed hope that the administration of US president-elect Donald Trump would lift sanctions on his country after Bashar Assad’s ouster.

  • Saudi: Al Battal Factory to commence trading on Nomu year-end

    Al Battal Factory for Chemical Industries Company is set to begin the listing and trading of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Tuesday, 31 December 2024. The Saudi firm will float 20.09% of its shares under the symbol 9623, according to a bourse disclosure. Tadawul highlighted that the stock will be trading at daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively.

  • Assad’s Fall Prompts Initial Gulf Unity but Differences and Concerns Are Emerging

    The rapid downfall of the Assad dynasty in Syria has caught the Gulf Arab monarchies by surprise, much as everyone else. Understandably, their initial reaction was somewhat guarded and holding to general principles. All of the Gulf Arab states issued brief statements supporting the preservation of Syria’s government institutions and stability and unity of its people. The Gulf states, like states bordering Syria, are unlikely to escape the consequences of these seismic changes in the heart of the diverse Arab east. There are concerns about the potential for renewed civil strife or terrorism in Syria and the possibility of it spreading to neighboring states Iraq and Jordan. There are already calls for greater Gulf engagement to balance Turkey’s advances and moderate the emerging Syrian leadership. The foreign ministers of Qatar, the UAE, and Bahrain joined Saudi Arabia and the other states of the Arab Ministerial Contact Committee on Syria in Aqaba, where they issued a statement pledging more robust aid and support for the transitioning Syrian government while emphasizing the need for a comprehensive and inclusive national dialogue.

  • Saudi Arabia’s Absher Platform Reaches 28 Million Digital Identities Milestone

    The Absher platform serves as a comprehensive digital gateway, enabling users to access various Ministry of Interior services through three main channels: Absher Individuals, Absher Business, and Absher Government. Users can interact with more than 500 government and private entities through the unified national access portal known as “Nafath.” The platform has evolved from its original focus on passport and civil status services to become an integral part of Saudi Arabia’s Vision 2030 digital transformation strategy. Operational data reveals that the Absher platform processed over 605,000 daily operations during the past year, demonstrating the system’s robust performance and widespread adoption. The Ministry of Interior has implemented advanced technical solutions to optimize service procedures and enhance user experiences. The improvements include AI-powered verification systems and cloud-based infrastructure that ensures 24/7 availability.