Economy Minister Meets with UAE Counterpart
Minister of Economy and Planning Faisal Alibrahim met with Minister of Economy of the United Arab Emirates Abdulla Bin Touq during the World Government Summit (WGS) in Dubai. During the meeting, the two ministers discussed ongoing cooperation across various sectors, as well as the latest regional and global economic developments of mutual interest. […]
Saudi Arabia bets on flying taxis and autonomous vehicles to transform mobility
Saudi Arabia is positioning itself at the forefront of mobility innovation, with industry leaders highlighting the potential of flying taxis and autonomous vehicles at the LEAP conference in Riyadh. FlyNow, a developer of electric aviation solutions, is preparing to roll out a modular system of electric helicopters to transport goods and passengers, according to co-founder […]
US Chamber of Commerce official discusses US-Saudi collaboration on AI policy
As Saudi Arabia accelerates its adoption of artificial intelligence, a strong regulatory framework is emerging as a key driver of US-Saudi collaboration. In an exclusive interview with Arab News on the sidelines of the LEAP 2025 technology conference, Steve Lutes, vice president for Middle East affairs at the US Chamber of Commerce, stressed the importance […]
Manufacturing sector drives Saudi industrial growth to 2.1% in December
Saudi Arabia’s Industrial Production Index recorded a 2.1 percent annual increase in December, driven by a rise in manufacturing activity and waste management services, according to recent data. Figures from the General Authority for Statistics show that non-oil activities expanded by 4 percent year on year, reflecting growth across most sectors except for electricity and […]
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 […]