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Huawei opens cloud data centre in Riyadh

Huawei Technologies opens cloud data centre in Riyadh

The data centre will store data locally in line with Saudi Arabia’s data regulations

Flynas launches new operations base at Madinah airport (Image: Supplied by flynas)

Flynas launches new operations base at Madinah airport

The low-cost carrier now has four bases across Saudi Arabia

Mohammed bin Salman

Saudi Arabia establishes Global Water Organisation

The establishment of the global organisation focused on water conservation was announced by the country’s Crown Prince Mohammed bin Salman

yellow alert

Saudi Arabia’s NCM issues ‘yellow alert’; forecasts heavy rain, thunderstorm

The regions of Makkah, Asir, Jazan and Al-Baha are likely to be affected by medium to heavy rains that may lead to flooding

Saudi Arabia economic outlook

Saudi Arabia receives 7.8 million tourists in Q1 2023

The kingdom’s incoming tourism revenue grew by about 225 per cent to reach SAR37bn in the first quarter of this year

PIF-SABIC

Saudi’s PIF to create steel giant with $3.3bn Sabic deal

The deal is expected to close before the end of the first quarter of 2024

crude oil

Saudi crude oil exports plummet as OPEC giant slashes production

Since July, the kingdom has pledged to implement a unilateral production cut of one million barrels a day on top of existing curbs

Ben Stokes cricket

England Cricket captain Ben Stokes predicts Saudi could be the next biggest player in cricket

Ben Stokes was unveiled as one of the athletes backing a new venture capital firm allowing sports stars to invest in consumer-facing startups

oil imports

India’s crude oil imports from Saudi Arabia surges

The world’s third largest oil importer has increased its purchase of oil from Saudi Arabia

Aliph Capital secures funding from PIF-backed Jada

Saudi PIF’s Jada invests in Aliph Capital’s “Aliph Fund I”

The investment reinforces Jada’s commitment to supporting small and midsize enterprises in Saudi Arabia

SAUDIA Group allocated 1.2 million seats for 2023 Hajj season. Image credit: Twitter @bhx_official

SAUDIA Group allocated 1.2 million seats for 2023 Hajj season

The group has revealed its operational performance during the peak of the summer travel season from May 21-August 2, 2023

Riyadh Air to support inclusion of Saudi nationals in aviation workforce (Image: Supplied by Riyadh Air)

Riyadh Air to support inclusion of Saudi nationals in aviation workforce

The agreement includes the activation of a female training programme specialised in the field of engineering and maintenance

Saudi Arabia SPARK logistics zone to open in 2024 Image SPARK

Saudi Arabia: King Salman Energy Park’s Logistics Zone to begin operations in 2024

The zone will be operated by SPARK Logistics, a JV between SPARK and Hutchison Ports and will handle ten million metric tonnes of cargo

ROSHN MARAFY

Roshn unveils Marafy, to redefine urban living in Jeddah

The development aims to offer an exceptional living experience and represents Roshn’s inaugural fully mixed-use endeavour

Saudi Arabia’s foreign reserves plunge to 2009 low

Saudi foreign reserves plunge by most since pandemic to 2009 low

The decline in July was the biggest since the government transferred $40bn to its wealth fund from the central bank to invest abroad

Roberto Mancini

Roberto Mancini is Saudi Arabia’s new football coach: Must know facts about the Azurri

Mancini led Italy to the Euro 2020 title but failed to take them to the 2022 FIFA World Cup in Qatar

AviLease buys StanChart’s aircraft leasing business

Saudi PIF’s AviLease to acquire StanChart’s aircraft leasing business

The jet lessor will acquire a portfolio of 100 narrowbody aircraft and become a servicer for another 22 jets

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase

Red Sea Global has launched The Red Sea Farm Cooperative (Image: Sourced from Red Sea Global Media Centre)

Sustainability: Red Sea Global launches new agricultural cooperative

It will bring together over 3,000 farms in the Tabuk region of Saudi Arabia to enable farmers to sell their produce directly to resorts in The Red Sea and Amaala

Saudi Arabia launches new real estate market platform Image courtesy Ministry of Justice

Saudi Arabia launches real estate platform to support owners, buyers

The platform allows users to access reliable information about the value of real estate transactions in any geographical area they choose

Saudi Arabia esports

Saudi Arabia unveils master plan for logistics centres

The kingdom will build 59 logistics centres with a total area of more than 100 million square meters

Champions League - Manchester City

Saudi Arabia in Champions League? SPL outlines ambitions

UEFA members include a few non-European countries, including Kazakhstan, whose clubs can participate in the Champions League

Mo Salah

Mo Salah to move to Al-Ittihad: Reports say Liverpool star considering offer

Liverpool has reportedly received an offer exceeding GBP79m for their star player

NEOM Sindalah Yacht partner

NEOM reveals superyacht partner as Sindalah gears up for opening

Sindalah is one of NEOM’s 41 islands, which will be home to a world-leading yachting ecosystem

Saudi Arabia Makkah

Saudi Arabia civil defence issues alert as thunderstorms, rains lash Makkah, Madinah

Heavy rain and thunderstorms are forecast in most regions in the kingdom for the next few days

BRICS SUMMIT-SOUTH AFRICA

UAE, Saudi Arabia to join BRICS; President Sheikh Mohamed welcomes membership

The BRICS grouping has announced an expansion in its ranks with six new members, including UAE, Saudi Arabia, Ethiopia and Egypt

Flynas (Image: Supplied by flynas)

Flynas becomes first Saudi carrier to join United Nations Global Compact initiative

The United Nations Global Compact is a non-binding pact inviting businesses to adopt sustainable and socially responsible policies

Hilton has confirmed its first airport hotel in Saudi Arabia (Image: Supplied by Hilton)

Hilton to open airport hotel in Dammam

The 273-key property will have direct skywalk access to the terminal building at King Fahd International airport

Saudi

Saudi Arabia unveils $200m fund to propel local and global high-tech

The initiative is part of a strategy announced for the King Abdullah University of Science and Technology

US Treasuries

Saudi Arabia’s holdings of US Treasuries at six-year low

The kingdom in June sold more than $3bn in US government debt, offloading the securities for a third consecutive month