Saudi crown prince meets president of International Olympic Committee
Crown Prince Mohammed bin Salman met Thomas Bach, president of the International Olympic Committee, at Al-Yamama Palace in Riyadh on Sunday. During the meeting, they discussed the cooperation between Saudi Arabia and the IOC and ways to develop the Olympic Games domestically and globally, the Saudi Press Agency reported. Prince Abdulaziz bin Turki Al-Faisal, the […]
Saudi PIF’s Alat and Lenovo break ground on new 200k sq. meter facility in Riyadh
Saudi Arabia’s Public Investment Fund’s Alat and Chinese tech giant Lenovo have officially broken ground on a new manufacturing hub in Riyadh, marking a key milestone in their $2 billion strategic partnership. In an interview with Arab News on the sidelines of the LEAP 2025 Tech Conference in Riyadh — being held from Feb. 9–12, […]
Pakistan aims for stronger trade ties with Saudi Arabia, says commerce minister
Pakistan is seeking to expand its trade ties with Saudi Arabia, aiming for a larger share of the $5.5 billion bilateral trade market by diversifying exports beyond traditional commodities, a senior minister said. Speaking to Arab News at the conclusion of Pakistan’s first solo ‘Made in Pakistan’ exhibition and business forum in Jeddah, federal commerce […]
Startup Wrap — Saudi firms continue to raise funding ahead of LEAP25
Saudi Arabia’s startup ecosystem continues to gain momentum ahead of the Kingdom’s flagship technology conference, LEAP 2025, fintech, artificial intelligence, and industrial technology companies securing major funding rounds. Key investments include Saudi-based peer-to-peer lending platform Forus securing a $60 million credit facility from Fasanara Capital. The funding will enable Forus to provide over $150 million […]
Saudi’s sports ambitions are fueling economic growth
From Formula One to boxing, golf to the FIFA World Cup, Saudi Arabia is rapidly establishing itself as a global sports hub. But beyond hosting world-class events, the Kingdom’s push is a key pillar of Vision 2030, its economic diversification strategy. Saudi Arabia has secured hosting rights for major sporting events — including motorsports, tennis, […]
LEAP 2025: Saudi Arabia’s tech ambitions take center stage
Saudi Arabia is set to host its flagship technology event, LEAP 2025, in Riyadh from Feb. 9, bringing together visionaries, innovators, and investors from around the world. The latest edition follows last year’s record-breaking LEAP 2024, which saw $13.4 billion in investments and project commitments. Under the theme “Into New Worlds,” LEAP 2025 aims to […]
Syria interim president arrives in Saudi Arabia for first foreign visit
Syria’s transitional President Ahmed Al-Sharaa arrived in Saudi Arabia on Sunday in his first foreign trip since he assumed power, local media has reported. Syrian state news agency Sana earlier reported the president was accompanied by the country’s foreign minister, Asaad Hassan Al-Shibani. Al-Sharaa will meet Saudi Crown Prince Mohammed bin Salman in Riyadh, SANA […]
Fitch affirms Saudi Arabia rating at ‘A+’; outlook stable
Fitch Ratings has affirmed Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating at ‘A+’ with a Stable Outlook, the agency said on Friday. Fitch indicated the rating reflects the Kingdoms strong fiscal and external balance sheets. It said: “government debt/GDP and sovereign net foreign assets considerably stronger than both the ‘A’ and ‘AA’ medians, and significant […]
Arab foreign ministers reject Trump call for transfer of Palestinians
Arab foreign ministers on Saturday rejected any transfer of Palestinians from their land under any circumstances, presenting a unified stance against US President Donald Trump’s call for Egypt and Jordan to take in residents of the Gaza Strip. In a joint statement following a meeting in Cairo, the foreign ministers and officials from Saudi Arabia, Egypt, […]
Saudi banking sector dominating TASI trading, latest report reveals
Saudi Arabia’s banking sector led trading on the Kingdom’s stock exchange in 2024’s fourth quarter with a 17 percent market share, according to Tadawul’s latest report. The industry was responsible for approximately SR66.42 billion ($17.7 billion) of transactions, ahead of the materials sector with SR45.04 billion, comprising 11.45 percent of the market. The energy sector […]