Saudi

Saudi fintech Malaa Technologies raises $1.7m in seed round

RIYADH: Malaa Technologies, a Saudi-based fintech startup, has raised SR6.4 million ($1.7 million) in a seed round. Contributors included capital investors Impact46, Khawarzmi Ventures, Venture Souq,

Young Saudi musicians put on soulful show at Hayy Jameel

JEDDAH: Some of the most talented young Saudi musicians showcased their work at Hayy Jameel on Tuesday as part of a project to promote emerging artists in the Kingdom. The musical experience was a

Saudi Arabia’s debut World Defense Show attended by 65,000 people

RIYADH: Around 65,000 people have attended Saudi Arabia’s first-ever international defense expo with SR29.7 billion ($7.916 million) in deals signed during the four days, organizers said. “Our main

Saudi Arabia issue $7bn sukuk in March, Kingdom’s debt offices says

RIYADH: Saudfi Arabia debt office issued a new Saudi-Riyal Sukuk under with a total value around SR26.2 billion ($7 billion), it said in.a stataement.

Egypt’s El-Sisi arrives in Saudi Arabia on official visit

CAIRO: Egypt’s President Abdel Fattah El-Sisi arrived in Riyadh on Tuesday afternoon on an official visit. He will discuss bilateral relations, as well as regional and international issues of common

Saudi and UAE tech startup AHOY raises $20m

RIYADH: UAE and Saudi operating logistics startup AHOY has raised $20 million in financing from undisclosed investors. AHOY uses tech-driven infrastructure to optimize mobility for enterprises, and

Saudi Arabia, Jordan eye trade relations over $1 billion with new

A bilateral agreement which could be worth over $1 billion has been signed by business leaders from the Saudi Arabian city of Makkah and Jordan’s Amman. A memorandum of understanding was agreed

Saudi Arabia supports de-escalation in Ukraine: Cabinet

RIYADH: Saudi Arabia supports de-escalation efforts in Ukraine, a statement by the Saudi Cabinet said Tuesday.

Giorgio Armani and Saudi Rubaiyat establish a joint venture to sell

RIYADH: Italian luxury fashion house Giorgio Armani and Saudi Arabian retailer Al Rubaiyat Company for Industry and Trade Holding Ltd are to establish a joint venture to sell the former’s products,

Al-Shabab FC keep slim Saudi Pro League title hopes alive with

RIYADH: Al-Shabab FC got back to winning ways after overcoming hosts Al-Feiha 2-1 at Al-Majmaa Sports City Stadium on Sunday, in the conclusion of the 22nd round of the Saudi Pro League season. The

UAE & Saudi Arabia Battle for Pro Golf

Photo In 2021, the PGA switched up one of its longest-running branches. The PGA, which oversees the most popular and expansive professional golf leagues in the world for men and women, announced an update to its European Tour. After years of running a separate European Tour and Asian Tour, which saw multiple events held in the UAE, the PGA decided to establish a new branch of the […]

Saudi Arabia reports 2,866 new COVID-19 cases, 3 deaths

RIYADH: Saudi Arabia announced three deaths from COVID-19 and 2,866 new infections on Thursday. Of the new cases, 956 were recorded in Riyadh, 189 in Jeddah, 158 in Dammam, and 116 in Hofuf. Several

Saudi Arabia targets a 13.5m bpd capacity energy minister tells Time

RIYADH: Saudi Arabia is targeting an oil production capacity of around 13.5 million barrels per day by 2027 as demand for crude and consumption will continue to grow, the Time magazine reported

Saudi Arabia reports 3,330 new COVID-19 cases, 2 deaths

RIYADH: Saudi Arabia announced two deaths from COVID-19 and 3,330 new infections on Tuesday. Of the new cases, 1,066 were recorded in Riyadh, 221 in Jeddah, 189 in Dammam, 111 in Abha, and 101 in

Saudi owners’ ‘lofty ambitions’ for Newcastle United depend on

NEWCASTLE: Eddie Howe has revealed Newcastle United’s Saudi-based owners have “huge ambitions” for the Magpies in the long term. But Howe understands, as do majority shareholders the Public

Saudi civil aviation authority partners with Oracle, Microsoft to

RIYADH: Saudi Arabia’s General Authority of Civil Aviation, known as GACA, has partnered with Oracle and Microsoft to accelerate digital transformation in a range of sectors. The authority signed

Saudi Arabia requires third vaccine dose for citizens traveling abroad

RIYADH: Saudi Arabia said Thursday that it will require citizens who are traveling abroad to take a third dose of the coronavirus vaccine in order to depart the Kingdom, starting Wednesday. The

Profits of Saudi Arabia’s Elm almost triple ahead of IPO

RIYADH: As it plans to list on the Saudi Exchange, digital security firm Elm Co. saw a 162 percent jump in profits year-on-year during the first nine months of 2021. Profits of the PIF-owned company

Saudi Arabia made to wait for World Cup spot after 2-0 loss to Japan

Saudi Arabia’s FIFA World Cup hopes suffered a blow on Tuesday with a deserved 2-0 loss to Japan in Saitama. From going into the game knowing that a win would clinch a spot in Qatar with two matches

Schlumberger to roll out valves production line in Saudi Arabia as

US oilfield services company Schlumberger will open a valves production facility at King Salman Energy Park, also known as SPARK, on Jan. 31 through its subsidiary company, Cameron. The firm already

Saudi diplomacy needs flesh on its skeleton

By James M Dorsey Like Qatar, after winning the right to host this year’s World Cup, Saudi Arabia is discovering the pitfalls of seeking soft power, whether through sports or religion, without coming to grips with skeletons in its closet. Last week, France spotlighted the pitfalls when it questioned security in the kingdom following a mysterious explosion in a support vehicle carrying six members of the Sodicars Racing team […]

Saudi, Emirati religious moderation inspires few beyond borders

By James M Dorsey Saudi Arabia and the United Arab Emirates have drawn praise for social reforms that have domestically reduced the role of religion in public life, enhanced women’s rights, and, in the case of the UAE, catered to non-Muslim lifestyles. Yet, Saudi and Emirati efforts to position their countries as the Muslim world’s beacons of an autocratic notion of moderate Islam have done little to […]

After UAE & Saudi, Qatar cleans its textbooks

By James M Dorsey Qatar has begun to cleanse its schoolbooks of supremacist, racist or derogatory references as well as celebrations of violent jihad and martyrdom, according to a recently released study. The revision of textbooks in the final year leading up to Qatar’s hosting of the 2022 World Cup is designed to keep the Gulf state in the beauty pageant for the beacon of moderate Islam. Saudi Arabia, […]

Christmas finally arrives in Saudi Arabia

By James M Dorsey Long banned, Christmas has finally, at least tacitly, arrived in Saudi Arabia; just don’t use the name in marketing or be ostentatious about your tree. Coffeeshops serving beverages in red cups with snowflakes on them are ok. So is the sale of soap bars named ‘Tis the Season and Vanilla Bean Noel. Christmas trees that sell at up to US$3,000 a piece are slightly […]

Saudi Arabian bans Tablighi Jamaat as threat to society

By Manish Rai Tablighi Jamaat (TIJ) is currently grabbing the headlines for getting banned by Saudi Arabia. Saudi government official statement called Jamaat a danger to society and one of the gates of terrorism. In a tweet on December 6, the country’s Ministry of Islamic Affairs said Minister of Islamic Affairs, Dr. Abdullatif Al Alsheikh has directed the mosque preachers and the mosques that held Friday prayer […]

Xlife Sciences AG is elected as Innovation Partner for Saudi Arabia

ZÜRICH, SWITZERLAND – EQS Newswire – 26 October 2021 – Xlife Sciences AG has signed a strategic partnership with the development organization Peace City World as part of the Vision 2030 future program. Peace City World is the official developer of four Smart Cities in Saudi Arabia and Tunisia as well as part of Vision 2030. The program was launched by the Saudi Crown Prince in 2016 […]

Saudi startup joins in national efforts promote green building

LONDON: As global leaders converge at the Middle East Green Initiative Summit on Oct. 25, the focus will be on new ideas and proposals to replace the wasteful and polluting ways in favor of

Saudi residential market performs better

Performance across Saudi Arabia’s various real estate market asset classes remains mixed. However, the residential market continues to outperform, according to the latest quarterly Saudi Arabia Real Estate Market Review by global property consultants, Knight Frank. Knight Frank notes that the number of residential transactions in Riyadh are up 77%, year on year and a similar story is playing out on the Red Sea coastal city of […]

Afghanistan a bellwether for Iran-Saudi rivalry

James Dorsey Boasting an almost 1,000-kilometer border with Iran and a history of troubled relations between the Iranians and Sunni Muslim militants, including the Taliban, Afghanistan could become a bellwether for the future of the rivalry between the Islamic Republic and Saudi Arabia. Had the United States withdrawn from Afghanistan several years earlier, chances would have been that Saudi Arabia would have sought to exploit military advances […]

UAE oil policy clashes with Saudi, Russian line

Sheikh Zayed bin Sultan Al Nahyan was not only the founder of the most successful political federation in the modern history of the Arab World but also the architect of the UAE’s innovative, globalised oil and gas sector. The late UAE President defied the populist trend in OPEC in the 1970’s to nationalise the assets of foreign oil companies. Instead, he signed joint ventures and concession agreements […]