Saudi

Saudi Arabia’s Social Development Bank lent $427m in H1 2021

RIYADH: Saudi Arabia’s Social Development Bank (SDB) provided financing of SR1.6 billion ($426.6 million) to 30,000 beneficiaries during the first half of this year.SDB provided financial and

Saudi deputy defense minister discuses Yemen, Horn of Africa with US

RIYADH: Saudi Arabia’s Deputy Defense Minister Prince Khalid bin Salman met with the US National Security Council’s coordinator for the Middle East and North Africa Brett McGurk and US Envoy to Yemen

Saudi Arabia tapping reserves to pay for rising imports, SAMA

DUBAI: The recent decline in Saudi Arabia’s foreign reserves, a measure of its ability to support its dollar-pegged currency, was partly due to a lag between import payments and export receipts, the

Emirates lays on extra Saudi flights on Sunday following suspension

RIYADH: Emirates added extra flights betwen Saudi Arabia and the UAE on Sunday after the Kingdom suspended air travel to its neighbor. It doubled flights to Riyadh and Jeddah and added a Dammam

Foundation stone laid for $880m Chinese LED project in Saudi Arabia’s

RIYADH: Chairman of the Royal Commission for Jubail and Yanbu, Abdullah Al-Saadan, laid the foundation stone for a SR3.3 billion ($879.8 million) factory to produce LED lighting lamps in the in

Yemen welcomes Saudi Arabia’s statement on Riyadh Agreement

DUBAI: The Yemeni government welcomed Saudi Arabia’s latest statement on the Riyadh Agreement, Yemen’s foreign minister said on Friday The Saudi statement includes a clear message to respect the

Saudis step up competition in transport, logistics sector

James M Dorsey Recent announcements by Crown Prince Mohammed bin Salman of plans to turn the kingdom into a transportation and logistics hub that connects continents take to a new level Saudi efforts to replace the United Arab Emirates and Qatar as the Middle East’s go-to addresses. Prince Mohammed’s plans, which include the creation of a new national carrier alongside Saudia, currently the kingdom’s aviation flagship and construction of a new airport for […]

Saudi Sports for All Federation partners with Arabian Centers Co. to

RIYADH: The Saudi Sports for All Federation (SFA) has signed a memorandum of understanding with the Arabian Centers Co. to turn their malls into walking destinations for visitors in their latest

Saudis return to the skies as borders reopen, agency reveals

DUBAI: Booking trends are showing signs of recovery a month into Saudi Arabia’s reopening of borders, a top travel agency revealed. Almosafer, owned by Seera Group, said the agency has recovered 76

International Sushi Day: Delicious spots to try in Saudi Arabia

In honor of International Sushi Day celebrated on June 18, here are six sushi spots to try in Saudi Arabia, rounded up by Arab News Japan. Chez Sushi This modern and casual restaurant on Prince Saud

Saudi Arabia announces 15 more COVID-19 deaths

RIYADH: Saudi Arabia announced 15 deaths from COVID-19 and 1,239 new infections on Wednesday. Of the new cases, 371 were recorded in Makkah, 253 in Riyadh, 229 in the Eastern Province, 98 in Asir, 83

Saudi Arabia dominates slow MENA IPO market in Q1

DUBAI: Saudi Arabian companies accounted for two of the three initial public offerings in the Middle East and North Africa region during the first quarter of 2021, representing 96 percent of the

Cash will not be used in Saudi energy industry city

RIYADH: A new city being developed in Saudi Arabia’s Eastern Province will be cashless according to Riyad Bank CEO Tareq Al-Sahdan. King Salman Energy Park (SPARK), located between Dammam and

Saudi bid to replace UAE, Qatar as Gulf hub

Dr. James M. Dorsey Saudi Arabia has stepped up efforts to outflank the United Arab Emirates and Qatar as the Gulf’s commercial, cultural, and/or geostrategic hub. The kingdom has recently expanded its challenge to the smaller Gulf states by seeking to position Saudi Arabia as the region’s foremost sport destination once Qatar has had its moment in the sun with the 2022 World Cup as well as […]

Saudi Arabia will allow 60,000 pilgrims to perform Hajj this year

RIYADH: Saudi Arabia said it will limit registration for this year’s Hajj pilgrimage to citizens and residents of the Kingdom in light of the coronavirus pandemic. The ministers of health and Hajj

5G services reach 3 new Saudi regions in Q1 2021

RIYADH: 5G telecommunications services reached three additional Saudi governorates during the first quarter of 2021, the Communications and Information Technology Commission (CITC) announced in its

Sulaiman Hamad to represent Saudi judo team at Tokyo Olympics

RIYADH: Sulaiman Hamad became the latest Saudi athlete to book his ticket for the Tokyo Olympics when he secured a spot in the forthcoming games’ judo competition. The Saudi national team and

Saudi U-23s in 1-1 draw with Mexico in latest friendly ahead of

RIYADH: The Saudi U-23 football team on Tuesday night drew 1-1 with Mexico in the latest friendly match at its training camp in Marbella, Spain as part of its preparation for the Tokyo Olympics. The

Saudi Arabia’s Quara brings blockchain to real estate deals

DUBAI: Saudi Arabia-based Quara Holding is partnering with Ethereum software firm ConsenSys to bring blockchain technology to the Kingdom’s real estate sector. The Brooklyn-based firm has pioneered

Saudi l’Azurde proposes capital increase for expansion into low-cost

RIYADH: Saudi L’Azurde shareholders will vote today on the board’s recommendation on increasing capital from SR430 million ($115 million) to SR575 million, through a rights issue. The decision to

Saudi Arabia records 16 COVID-19 deaths, 1,269 new cases

RIYADH: Saudi Arabia recorded 16 new COVID-19 related deaths on Wednesday, raising the total number of fatalities to 7,393. The Ministry of Health confirmed 1,269 new confirmed cases reported in the

GE unit completes contract to power Saudi desalination plant

A renewable energy unit of General Electric (GE) has completed a turnkey substation contract to power a saltwater desalination plant in Saudi Arabia that will supply drinking water to Makkah and

Cruise Saudi to double team as it seeks to attract more operators

DUBAI: Cruise Saudi is set to double its team in the coming months as it prepares to attract more operators to the Kingdom. It comes as Saudi Arabia looks to develop a thriving cruise sector to showcase its top tourist attractions for the first time. It also follows the recent announcement that MSC Cruises will become the first operator to home port in Jeddah this year.

Saudi media group SRMG appoints chairman

RIYADH: The Saudi Research and Media Group (SRMG), the publisher of Arab News, said it appointed Abdulrahman Ibrahim Alrowaita as chairman and Majid Abdulrhman Alissa as vice-chairman. The company made the disclosure following its extraordinary general assembly meeting, in which board members were elected for a three-year term. Last week the media group reported a 41.4 percent increase in first quarter net profit.

Lebanese artist creates Saudi Arabian flag in a show of solidarity

CAIRO: A Lebanese environmentalist artist has used hundreds of plastic bottles to create a mosaic of the green-and-white Saudi flag in a gesture of solidarity with the people of Saudi Arabia and

Saudi’s call for the World Cup to be played every two years will

LONDON: The proposal was always going to be met with equal embrace and resistance. Saudi Arabia’s request that “a feasibility study to be carried out on the impact” of hosting the men’s and women’s

Saudi Arabia confirms 13 COVID-19 deaths, 999 new cases

RIYADH: Saudi Arabia recorded 13 new COVID-19 related deaths on Tuesday, raising the total number of fatalities to 7,098. The Ministry of Health confirmed 999 new confirmed cases reported in the

Saudi Arabia’s King Salman receives call from Bahraini counterpart,

RIYADH: Saudi Arabia’s King Salman received a phone call on Tuesday from Bahrain’s King Hamad to extend greetings on the advent of the Muslim Eid Al-Fitr holiday. King Salman also received a phone

Saudi Arabia records 13 COVID-19 deaths, 986 new cases

RIYADH: Saudi Arabia recorded 13 new COVID-19 related deaths on Monday, raising the total number of fatalities to 7,085. The Ministry of Health confirmed 986 new confirmed cases reported in the

Mosque named after Saudi king to be built in Islamabad

RIYADH: A mosque named after Saudi Arabia’s King Salman will be built at the International Islamic University in Islamabad, Pakistan, the Saudi Press Agency (SPA) said Saturday. The planned mosque,