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  • MoneyGram Enters Saudi Arabia with Local Bank Partnership

    This came when the Dallas-based company is aggressively expanding its services in the Asian countries which lead the remittance market. “This partnership is an important milestone that capitalizes on recent strategic investments in major receive markets,” Grant Lines, MoneyGram chief revenue officer, said.

  • The Seven Natural Wonders of Arabia, Part II: Jabal Abyad

    The most recent eruption on the Arabian Peninsula occurred in 1937 in north Yemen, and the next most recent preceding that in 1846 on a volcanic island in the Farasan group in the Red Sea to the northwest of there.

  • Saudi Arabia to host Ad Diriyah Biennale Foundation for Contemporary Art in 2021

    The inaugural event will be dedicated to contemporary art, while Islamic art will be highlighted in 2022. The news was announced by the kingdom's Minister of Culture, Prince Badr bin Abdullah bin Mohammed bin Farhan, who also leads the board of directors of the recently established Thunaiyat Ad Diriyah Biennale Foundation.

  • Saudi Arabia confirms virtual donors conference for Yemen in partnership with U.N.

    Saudi Arabia confirmed that it will organise a virtual donors conference for Yemen on Tuesday in partnership with the United Nations. The state-run Saudi Press Agency on Friday cited a directive from King Salman, announcing the pledging conference.

  • The Seven Natural Wonders of Arabia, Part I: Elephant Rock

    Standing upon gold-hued sands with mountains looming in the background, Elephant Rock (known to locals as Jabal Al Feel) stands 171 feet (52 meters) tall and owes its name to its uncanny resemblance to its namesake pachyderm—sans tusks—with its trunk touching the ground. Surrounded by similarly unusual rock formations likewise carved from solid rock by erosion, it serves as a powerful magnet drawing rock climbers, hikers, campers, and fans of other desert sports such as camel riding and offroading from all over the globe.

  • Saudi Arabia’s artistic awakening is defying decades-old barriers

    Behind the Saudi government’s encouragement of arts and culture that have long been taboo is the desire to create a more well-rounded citizenry. It wants the next generation to be more innovative as the country transitions to a post-oil society.

  • Saudi Arabia’s KAUST in global chip-development effort to thwart hackers

    The scientists’ proposed system uses silicon chips containing complex structures that are irreversibly changed to send information in a one-time key that can neither be recreated nor intercepted by an attacker.

  • Saudi Arabia grants 348 licenses to international companies in first quarter of 2020

    Investor licenses were granted to 348 new international companies in the first quarter of 2020, the Ministry of Investment of Saudi Arabia (MISA) said on Wednesday. The figures mark a 19 percent annual increase over the same period in 2019, and a 20 percent quarter-on-quarter increase over the last three months of 2019. However, month-on-month slowed in March as the coronavirus pandemic began to hit business growth, MISA noted in a statement.

  • Kuwait, Saudi Arabia to shut shared Al-Khafji field just months after restart

    The shutdown comes just months after both countries agreed to resume production at the Neutral Zone. Total production at the Neutral Zone, which comprises the offshore Al-Khafji and onshore Wafra fields, was 260,000 b/d in April, with each country sharing output 50-50. Kuwait's share of the Wafra field was 60,000 b/d at the time and the Al-Khafji share was about 70,000 b/d, signaling the shut down will remove about 140,000 b/d from the market.

  • Domestic consolidation and international partnerships provide support to Saudi Arabia’s petrochemicals industry

    For 2019 as a whole, the company made a profit of SR8.5bn ($2.3bn), a 73% decline from the SR31.9bn ($8.5bn) recorded in 2018, according to SABIC’s 2019 financial statements. Further contraction is expected in 2020, as the global outbreak of Covid-19 shuttered factories around the world and dampened demand.