Riyadh positions itself as a global arbitration hub
Saudi Arabia is rapidly positioning Riyadh as a global hub for arbitration, leveraging comprehensive legal reforms, technological advancements, and strategic initiatives aligned with its Vision 2030 economic diversification agenda. The Kingdom’s concerted efforts to modernize its arbitration infrastructure have resulted in a notable increase in the enforcement of arbitral awards. Since the enactment of the […]
Uber overtakes Lucid as PIF’s largest US equity holding by value
Uber Technologies Inc. has emerged as the Saudi Public Investment Fund’s largest single holding by market value in its US portfolio, valued at $5.31 billion for an unchanged stake of 72.84 million shares. This change reflected a market-driven increase in Uber’s stock price. In contrast, Lucid Group Inc., in which PIF continues to hold 1.77 billion shares, saw its […]
Japan FM in Riyadh to bolster ties with Saudi Arabia
Japan’s Foreign Minister Takeshi Iwaya arrives in Riyadh on Wednesday to hold talks with Saudi Arabia officials on strengthening strategic cooperation. Iwaya’s visit comes as the two nations celebrate the 70th anniversary of diplomatic ties this year. In an exclusive opinion piece for Arab News published on Wednesday, Iwaya outlined his vision to help lead […]
Cabinet expresses appreciation to government agencies for efforts to achieve Saudi Vision 2030 goals
The Cabinet expressed its appreciation for the efforts of government agencies that have contributed to the achievements of Saudi Vision 2030 as it approaches the realization of its major goals, Saudi Press Agency reported on Tuesday. According to the vision’s annual report for 2024, 93 percent of its key performance indicators were either fully or […]
Foreign ministers co-chair Saudi-Qatari Coordination Council meeting in Doha
Saudi Foreign Minister Prince Faisal bin Farhan and his Qatari counterpart, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, co-chaired a meeting of the Saudi-Qatari Coordination Council’s executive committee in Doha on Tuesday. The topics for discussion included ways to enhance Saudi-Qatari cooperation in the energy, sports and tourism sectors, and investment activities, the Saudi Press […]
Saudi Arabia welcomes first Hajj pilgrims in Jeddah, Madinah
Saudi Arabia’s Minister of Transport and Logistic Services Saleh Al-Jasser received the first group of Hajj pilgrims on Tuesday at King Abdulaziz International Airport in Jeddah. The flight, carrying 396 pilgrims from Dhaka, Bangladesh, was one of several scheduled to arrive at Jeddah airport and Prince Mohammed bin Abdulaziz International Airport in Madinah. Al-Jasser said: […]
How Modi’s landmark visit to Jeddah added ‘further momentum’ to historic Saudi-India ties
Indian Prime Minister Narendra Modi was escorted by Royal Saudi Air Force F-15 fighter jets ahead of his touchdown in Jeddah on Tuesday, where he was greeted by a 21-gun salute in a ceremonial welcome that highlighted the growing defense ties between the two countries. The visit marked Modi’s first to the Red Sea port […]
Saudi Arabia raises $990m in sukuk in April
Saudi Arabia’s National Debt Management Center raised SR3.71 billion ($990 million) through its riyal-denominated sukuk issuance for April, reflecting a 40.5 percent increase compared to the previous month, according to an official statement. The amount marks a significant rise from March, when the Kingdom secured SR2.64 billion through sukuk. In previous months, Saudi Arabia issued […]
IMF projects 3% growth for Saudi economy in 2025
Saudi Arabia’s real gross domestic product is expected to grow by 3 percent in 2025, with further acceleration to 3.7 percent in 2026, according to the latest World Economic Outlook released by the International Monetary Fund. The forecast marks a downward revision of 0.3 percentage points for 2025 and 0.4 percentage points for 2026 compared […]
Saudi crown prince meets with Indian PM Modi in Jeddah
Saudi Crown Prince Mohammed bin Salman received Indian Prime Minister Narendra Modi at Al-Salam Palace in Jeddah on Tuesday evening. An official reception ceremony was held for Modi and the two leaders held an official session of talks, Saudi Press Agency reported. Prince Mohammed and Modi also chaired the Saudi-Indian Strategic Partnership Council. India’s prime […]