Riyadh
capital of Saudi Arabia
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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politics 2025-07-04 12:36
Saudi Arabia demands ousting of Hamas for peace negotiations - Saudi Arabia demands the removal of Hamas from Gaza leadership as a condition for peace talks with Israel.
- Hamas might consider exile for its leadership and a halt on arms smuggling, although complete disarmament is unlikely.
- The future of Saudi-Israel relations hinges on the Palestinian Authority regaining control and the effective removal of Hamas.
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sport 2025-06-28 00:00
WWE Night of Champions showcases fierce matchups in Saudi Arabia - The event features six matches, including an Undisputed WWE Championship match.
- The premiere match-ups include John Cena vs. CM Punk and Asuka vs. Jade Cargill.
- Fans anticipate a memorable experience as WWE continues to evolve the Night of Champions event.
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business 2025-06-23 17:58
Saudi Arabia launches new industrial incentives to attract investors - Khalil Ibn Salamah announced the second phase of industrial incentives at the Saudi Industry Forum in Dhahran.
- Saudi Arabia has over 1,900 industrial projects with investments totaling SR380 billion.
- The initiative aims to enhance economic diversification and boost high-value investments in the Kingdom.
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business 2025-06-23 17:29
Saudi Arabia increases crude oil production to 9 million bpd - In April 2025, Saudi Arabia's crude oil production rose to 9 million barrels per day, reflecting a 0.54% increase.
- Crude exports also increased to 6.17 million bpd, while domestic crude use fell to 377,000 bpd.
- These developments highlight Saudi Arabia's ongoing efforts to enhance industrial productivity and adapt to global economic shifts.
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business 2025-06-23 17:15
Saudi Arabia aims for 25% productivity boost through digital transformation - Amin Nasser stated that the integration of digital technologies could boost productivity in Saudi Arabia's industrial sector significantly.
- The Kingdom aims to solidify its position as a leader in the digital economy, with projections indicating market value exceeding SR495 billion by 2024.
- The focus on digital transformation aligns with Vision 2030, illustrating the government’s commitment to diversify the economy and enhance productivity.
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science 2025-06-23 16:48
Hazaa plant proves ability to flourish in Saudi Arabia's tough climate - The Hazaa plant, known scientifically as Ducrosia anethifolia, thrives in Saudi Arabia's Northern Borders province despite the harsh desert climate.
- It is resilient to drought and salinity, reaching a height of approximately 35 centimeters with unique gray-green leaves and small yellow flowers.
- The flourishing of the Hazaa plant highlights the potential for sustainable agriculture in arid regions.
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business 2025-06-23 14:55
Saudi Arabia's PIF diversifies financing with new commercial paper program - Saudi Arabia's Public Investment Fund has launched a commercial paper program aimed at diversifying funding sources.
- The program enhances liquidity management and offers quicker access to capital than traditional loan options.
- This initiative supports the Kingdom's goal of economic transformation under Vision 2030.
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business 2025-06-23 12:26
Saudi Arabia achieves 5.3 percent growth in non-oil industrial sector - In 2024, Saudi Arabia's non-oil industrial activities grew by 5.3 percent, demonstrating economic diversification under Vision 2030.
- The overall Industrial Production Index declined by 2.3 percent due to a 5.2 percent drop in oil-related activities.
- These developments highlight Saudi Arabia's ongoing efforts to reduce dependence on oil and foster sustainable economic growth.
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technology 2025-06-21 21:44
Riyadh solidifies its position as MENA's tech startup hub - Riyadh is experiencing a surge in tech startup growth fueled by Saudi Arabia’s Vision 2030 reforms and advanced infrastructure.
- High consumer adoption rates of technologies such as generative AI support significant market potential for startups.
- The combination of extensive government initiatives and lower customer acquisition costs positions Riyadh as a top destination for tech startups.
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business 2025-06-18 01:23
Four years of loyalty is the new standard in the job market - Syed Azharudin shared insights at a human resources conference in Riyadh regarding loyalty in the job market.
- The panel discussed the challenges of accommodating different generational work ethics and the role of AI.
- Adapting HR strategies to modern workforce dynamics is crucial for companies in the rapidly evolving job landscape.
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business 2025-06-17 16:03
Saudi Arabia strengthens global aviation ties with Panama agreement - Saudi Arabia signed an air services agreement with Panama to enhance connectivity.
- The agreement was signed during the Paris Air Show and aims to access global aviation markets.
- This move aligns with Saudi Arabia's Vision 2030 strategy for expanding its global aviation footprint.
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business 2025-06-17 14:24
Foreign investors increase stake in Saudi equities despite market decline - As of June 12, foreign investors held SR394.58 billion in Saudi equities.
- Despite a decline in overall market size, foreign investors increased their market share.
- These trends indicate a shift in the investment landscape amidst broader economic challenges.
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technology 2025-06-15 21:00
Saudi Arabia showcases biotechnology ambitions at US convention - Saudi Arabia is represented by key health organizations at the BIO International Convention in Boston.
- This marks the first joint representation of the country's biotechnology sector at an international event.
- The participation indicates the Kingdom's commitment to enhancing research and development in biotechnology.
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business 2025-06-15 18:36
ACWA Power pursues SR7 billion capital increase to drive global expansion - ACWA Power's capital increase aims to enhance investments in energy transformation and other sectors.
- The company's CFO stated that the majority of its investments are within Saudi Arabia, with a significant portion also allocated overseas.
- This strategy is part of the broader economic goals of Saudi Arabia's Vision 2030.
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business 2025-06-15 15:12
Oman's property prices surge 7.3 percent amid land demand - Oman's residential property prices rose by 7.3 percent year on year in Q1 2025.
- This increase was primarily driven by residential land values, which climbed 6.5 percent.
- The resilience of Oman's real estate market suggests robust demand and potential for future growth.
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business 2025-06-15 13:57
Saudi inflation rises to 2.2 percent as rental prices surge - Saudi Arabia's annual consumer inflation rose to 2.2 percent in May 2025, driven mainly by increased rental prices.
- Rental costs surged by 8.1 percent, with villa prices increasing by 7.1 percent, signaling demand pressure in the rental market.
- The economic landscape reflects ongoing developments in the non-oil sector and the Kingdom's efforts to achieve its Vision 2030 goals.
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science 2025-06-12 22:23
Saudi Arabia establishes partnerships to lead global AI developments - Saudi Arabia is leading in AI development, achieving top rankings in global indexes.
- The recent establishment of Humain and its partnership with Nvidia highlights the Kingdom's focus on integrating advanced technology into various sectors.
- These initiatives signal a commitment to improving healthcare through AI innovations and creating significant economic opportunities.
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business 2025-06-11 14:50
Saudi e-commerce sales soar as Mada card transactions rise 57% - In April, Saudi Arabia's e-commerce sales via Mada cards reached SR23.27 billion ($6.2 billion), marking a 57% increase from last year.
- Meanwhile, physical retail POS purchases declined by 1.38% to SR52.22 billion despite an increase in transaction volume.
- These trends highlight the ongoing shift towards digital payments while indicating challenges in consumer spending in physical retail.
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business 2025-05-27 00:00
GCC luxury market hits $16.9 billion amid booming growth - As of 2024, the Gulf Cooperation Council has a luxury market valued at over $16.9 billion, with growth expected to continue.
- The United Arab Emirates holds nearly 50% of the luxury market, with Dubai being the primary hub for luxury shopping.
- The increasing wealth among consumers and changing spending habits indicate a robust future for the luxury sector.
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business 2025-05-12 10:00
Flynas sells all shares in record IPO on Riyadh stock exchange - Flynas successfully sold all $1.1 billion in shares from its initial public offering almost immediately.
- The airline aims to use the raised capital for fleet expansion and enhancing operations at its bases.
- This IPO makes Flynas the first airline in the Gulf Arab region to go public in the last two decades.
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business 2025-05-09 10:01
Victory Auto introduces Gnu diesel vehicle in Saudi Arabia - On May 5, 2025, VICTORY AUTO hosted a launch ceremony for the Gnu diesel vehicle in Riyadh, Saudi Arabia.
- The Gnu has passed GCC certification and is specifically designed to meet local driving conditions and regulations.
- The launch underscores VICTORY AUTO's strategy to enhance its global market presence and commitment to innovation.
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sport 2025-05-04 06:00
Canelo Alvarez defeats William Scull to reclaim super middleweight title - Canelo Alvarez faced William Scull for the undisputed super middleweight championship in Riyadh, Saudi Arabia on May 3, 2025.
- Alvarez won the fight via unanimous decision, regaining his status as the undisputed champion in the weight class.
- The match marked a significant milestone in Alvarez's career as he fought outside the U.S. and Mexico for the first time.
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business 2025-04-12 07:54
Tesla opens its doors in Saudi Arabia, amid past tensions with Musk - Tesla's Saudi Arabian launch includes its first showroom and service center in Riyadh, opening the door to a new market.
- Elon Musk's past conflicts with Saudi Arabia's Public Investment Fund over a failed deal in 2018 add complexity to this new entry.
- Despite ongoing infrastructure challenges, including a lack of charging stations, the government's investment in EVs reflects a commitment to future growth.
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politics 2025-03-27 20:19
Trump highlights Russia's hesitation in seeking peace with Ukraine - Donald Trump expressed concerns about Russia's delay in peace negotiations for Ukraine.
- Russia specified conditions for a ceasefire, including lifting certain sanctions, complicating negotiations.
- The ongoing conflict in Ukraine has severely affected civilians and infrastructure, underscoring the urgency for peace.
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business 2025-03-26 16:15
Elon Musk improves relations with Saudi Arabia as Tesla launches in the kingdom - Tesla plans to start selling electric vehicles in Saudi Arabia on April 10, 2025.
- This marks the company's first sales event in the kingdom after previously strained relations with its government.
- The launch indicates a significant improvement in ties between Saudi Arabia and Elon Musk.
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business 2025-03-16 07:09
Sahm Capital joins the Arab Federation of Capital Markets to boost growth - Sahm Capital has declared its membership in the Arab Federation of Capital Markets based in Saudi Arabia.
- The AFCM aims to enhance capital market efficiency and transparency across the Arab region.
- This milestone is expected to strengthen Sahm Capital's investment strategies and collaborative efforts in the Arab capital markets.
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sport 2025-01-15 18:04
Henk Lategan secures crucial stage win in Dakar Rally showdown - Henk Lategan successfully completed the eighth stage of the Dakar Rally, showcasing excellent driving skills.
- Despite a two-minute penalty for speeding, Lategan increased his lead in the overall standings.
- His stage win boosts his confidence as he heads into the remaining stages of the rally.
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politics 2025-01-15 15:08
Saudi Arabia presses top EU diplomats to lift sanctions on Syria after Assad’s fall - Spain's Foreign Minister Josè Manuel Albares has reiterated support for lifting sanctions on Syria, linking it to compliance from new authorities on fundamental human rights.
- High Representative of the EU Kaja Kallas outlined conditions for gradual relief of sanctions contingent on significant democratic reforms.
- The lifting of sanctions is viewed as critical for enabling recovery and rebuilding in Syria following years of civil war.
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science 2025-01-11 15:26
Thai Embassy volunteers to combat land degradation in Riyadh's national park - The Royal Thai Embassy collaborated with the National Center for Vegetation Cover on a greening initiative.
- The event was part of the National Greening Season in Saudi Arabia, aiming to enhance vegetation and combat desertification.
- The initiative highlights the importance of international cooperation in addressing environmental challenges.
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business 2025-01-09 10:49
Is Saudi Arabia's industrial production index surging at the right time? - Saudi Arabia's Industrial Production Index reached 103.8 in November 2024, representing a 3.4% year-on-year increase.
- The mining and quarrying segment saw a modest rise of 1.2%, attributed to increased oil production.
- These trends suggest a resilient economic outlook for the Kingdom as it continues to diversify and grow its industrial sectors.
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technology 2025-01-01 10:18
Saudi Arabia's digital transformation sparks global tech revolution in 2024 - Saudi Arabia has joined BRICS, enhancing its geopolitical and economic ties with major emerging economies.
- The Kingdom aims to leverage this membership to expand its markets for oil and attract foreign investments.
- This strategic alignment may challenge long-standing relationships with Western nations while fostering a more multipolar global influence.
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sport 2024-12-26 00:00
Israel Adesanya faces Nassourdine Imavov in controversial UFC main event - The UFC event on January 11 will take place at The Apex in Las Vegas.
- Amanda Ribas and Mackenzie Dern will compete in a significant women's strawweight rematch.
- Islam Makhachev will defend his lightweight title for the first time against Arman Tsarukyan.
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2023 All rights reserved
2023 All rights reserved