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  • Saudi Arabia records 6 percent surge in SMEs after expanding startup ecosystem

    Saudi Arabia’s quickly growing startup ecosystem is motivating small and medium enterprises in the nation, with the amount of these kind of companies jumping to 1.14 million by the end of the fourth quarter of last year. The most recent SME Monitor report issued by Saudi Arabia’s General Authority for Small and Medium Enterprises, also recognized as Monsha’at, issued that the nation saw a 6 percent quarter-on-quarter expansion in the amount of SMEs throughout the fourth quarter of 2022.

  • Prince Faisal, Cleverly review aspects of historic Saudi-British partnership

    Saudi Arabia's Foreign Minister Prince Faisal bin Farhan met on Monday with his British counterpart James Cleverly during an official visit to the United Kingdom.During the meeting, the two sides reviewed aspects of the deep-rooted and historical Saudi-British partnership and ways to enhance and develop them in various fields.They also exchanged views on the Russian-Ukrainian crisis, in addition to the latest developments on the regional and international arenas, and efforts exerted to tackle them.

  • Saudi Arabia’s PIF Set to Start Investor Meetings for $1 Billion ADES IPO

    Saudi Arabia’s wealth fund plans to kick off investor meetings for the initial public offering of oil and gas driller ADES International Holding as soon as this month, people familiar with the matter said. The Public Investment Fund is targeting a first-half listing for ADES and is likely to soon file with the Saudi regulator, the people said, asking not to be identified as the matter is private. The PIF has picked Lazard Ltd. as a financial adviser to work on the IPO, they said.

  • AMEX Saudi Arabia signs golf tournament partnership with AmCham

    The American Chamber of Commerce Saudi Arabia signed a partnership with American Express Saudi Arabia to merge communities, spark networking and strengthen business corporations through golf during a signing ceremony at AMEX Saudi headquarters on Sunday. “I couldn’t be happier to renew this great partnership between American Express and the American Chamber. It’s a win-win situation for us and for American Express, and for the wider Saudi golf and sports community,” said Bill Foster, American Chamber of Commerce Saudi Arabia chair.

  • Saudi Arabia to make new residential buildings earthquake resilient

    According to the Saudi Gazette, the housing ministry has instructed engineering and construction agencies about the changes, which are in line with the newly passed Saudi Building Code. The directive comes as an earthquake measuring 4.1 on the Richter scale was measured in the southeast of the country by the Saudi Geological Survey, as reported by Zawya.

  • Inside Saudi Arabia’s New Andy Warhol Art Exhibit

    The second edition of Saudi Arabia’s AlUla Arts Festival has wrapped. But some installations remain on view among the Ashvar Valley’s canyons, including Fame, a show of 70 works by famed pop artist Andy Warhol. The Andy Warhol Museum in Pittsburgh curated the exhibition, on display in a mirrored mirage of a concert hall called the Maraya—the world’s largest mirrored building—through May 16. Themed “Living In Color,” this year’s AlUla Arts Festival presented four exhibitions, nine workshops, and three tours, with “film screenings and a lively program of performing arts.”

  • Saudi Arabia to establish 15 new plants for medicines, aircraft parts, and metal forming

    Speaking as part of a dialogue session at the third edition of the International Engineering Conference and Exhibition, Osama Al-Zamil said three of the new plants will be advanced factories for vital medicines and medical vaccines, four for assembling aircraft components, and eight for metal forming. The announcement comes as the national strategy for industry is seeking to boost the number of factories in the Kingdom to 36,000 factories by 2035, the deputy minister said.

  • Saudi Arabia Retrieves its Artifacts

    To this end, Saudi Arabia has created a list of the artifacts that had been illegally taken out of the country and sold, gifted to foreign museums or private collections, or made their way to the auctions. It has also adopted the appropriate frameworks for recovering these items from bodies and individuals inside and outside the Kingdom, working alongside an array of international institutions and organizations that work on bringing looted heritage back to its original homes.

  • Tanmiah Food Company and Tyson Foods Strengthen Strategic Partnership at Saudi Arabia Event

    Saudi-based Tanmiah Food Company ("Tanmiah" or the "Company", 2281 on the Saudi Exchange) and US-based Tyson Foods, Inc. (NYSE: TSN) met this week in Jeddah to recognize their strategic partnership made in 2022 including the potential growth opportunities across the Kingdom of Saudi Arabia and the broader Middle East.

  • “Listen to the Artist”: U.S. and Saudi Artists Develop Cultural Ties

    Saudi and U.S. cultural programs provide an opportunity to bridge cultural differences – and showcase artists and performers blending artistic influences from the two countries – while harnessing sources for creativity and innovation.