Saudi Arabia says ‘no radioactive effects’ detected in Gulf after US strikes on Iran
Saudi Arabia’s Nuclear and Radiological Regulatory Commission said Sunday that “no radioactive effects were detected” in the Kingdom and the Gulf region as a result of the US military targeting of Iran’s nuclear facilities. “No radioactive effects were detected on the environment of the Kingdom and the Arab Gulf states as a result of the […]
Saudi Arabia voices ‘great concern’ over US strikes on Iran, leads calls for restraint, de-escalation
Saudi Arabia expressed on Sunday its “great concern” following US attacks on Iranian nuclear sites, according to a statement by the foreign ministry on X. The Saudi ministry statement “affirmed its condemnation and denunciation of violating the sovereignty of the Islamic Republic of Iran, expressing the need to exert all efforts to exercise restraint, de-escalate, […]
Formula 1 turbocharges Saudi economic diversification drive
Saudi Arabia is accelerating its push to diversify its economy by turning to major international events such as Formula 1, as the Kingdom uses global motorsports to support its non-oil goals. Since hosting its first Grand Prix in 2021, the Kingdom has funneled more than $6 billion into its sports industry, part of a broader […]
Why tech startups should choose Riyadh as their MENA launchpad
Riyadh is becoming a leading destination for tech startups in the Middle East, fueled by Saudi Arabia’s Vision 2030 reforms, an advanced infrastructure, and robust government-backed incentives. The Saudi information and communication technology market is projected to reach $54.90 billion in 2025 and $82.51 billion by 2030 at a compound annual growth rate of 8.49 […]
Industrial cities in Saudi Arabia’s Qassim region hit 77% occupancy rate, official reveals
Saudi Arabia’s Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil Ibrahim bin Salamah. Industrial cities in Saudi Arabia’s Qassim region are performing at occupancy rates of up to 77 percent, with 158 factories currently in operation, reflecting strong growth and a supportive business environment, according to a top official. During a meeting […]
Saudi CMA approves 3 parallel market listings in a single day
Three Saudi firms received regulatory approval to list on Nomu in a single day, underscoring growing investor appetite for the Kingdom’s bourses. Zahr Al Khuzama Aluminum, Sahat Almajd Trading, and Quality Education Co. were given the green light by the Capital Market Authority on June 18, marking a rare instance of multiple listings being cleared […]
Saudi Arabia ranks 17th globally in competitiveness index as it outshines economic heavyweights
Saudi Arabia has maintained its spot in the top 20 of the World Competitiveness Ranking, ahead of global heavyweights like the UK, Germany and France. The Kingdom secured 17th position on the list, driven by strong governance, infrastructure upgrades, diversification, and regulatory reforms. Issued by the International Institute for Management Development’s World Competitiveness Center, the […]
Saudi Arabia, France discuss $2.6bn aviation sector investment potential amid flurry of deals
Investment opportunities worth more than SR10 billion ($2.6 billion) were set out at a high-level Saudi-French meeting amid a flurry of deals aimed at strengthening the aviation sector. Airport infrastructure, air navigation, and advanced technologies were among the areas flagged up as available for investment during a roundtable held on the sidelines of the 55th Paris […]
Oil and gas important in times of conflict, Saudi Aramco CEO says
The importance of oil and gas can’t be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco told an energy conference on Monday. Aramco CEO Amin Nasser delivered his speech to the Energy Asia Conference in Kuala Lumpur by a video link. Oil prices jumped […]
Saudi crown prince, Greek PM discuss Iran-Israel tensions in phone call
Saudi Crown Prince Mohammed bin Salman spoke on the phone on Sunday with Greek Prime Minister Kyriakos Mitsotakis to discuss the escalating situation between Israel and Iran, the Saudi Press Agency reported. The two leaders reviewed the latest developments in the region, with particular focus on the repercussions of Israeli military operations targeting Iran. They stressed the need […]