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BRICS Summit in South Africa

Five things to watch as South Africa hosts BRICS Summit

At least 40 heads of state and government will join the leaders of Brazil, Russia, India, China, and South Africa at the summit in Sandton

GCC airline Saudia offering 50 per cent discount on tickets GettyImages

This GCC airline is offering up to a 50% discount on tickets

Customers have to book tickets between August 17-30, with the validity for travel being between September to November

Neymar joins Al Hilal

Neymar’s first look in Al Hilal kit, welcomed with stunning video of Saudi Arabia: Watch

Neymar joins his countrymate Malcom at Al Hilal along with other international players from Europe

Diriyah’s first phase of masterplan obtains LEED platinum certification

It is the first time that a project in the Middle East has received the accolade in LEED for Cities and Communities

ECG Fund

Energy Capital announces first close of $150m fund

The fund aims to play a pivotal role in helping achieve the ambitious industrial development agenda of Saudi Arabia as it transforms its economy

GoDaddy to launch .AI domain in Saudi Arabia

GoDaddy to bring .AI domain extension to Saudi Arabia

The web hosting provider said the artificial intelligence domain will create numerous advantages for small businesses across various sectors

Flynas (Image: Supplied by flynas)

Flynas signs sustainability agreement with Saudi Investment Recycling Company

The two entities will jointly explore opportunities to develop best practices and solutions for the airline’s recycling needs

Tanmiah posts SAR983.1m in H1 revenues

Tanmiah H1 revenue surges to SAR983.1m on poultry sales

The food manufacturer’s half-year profit increased by 2.2 per cent to SAR32.4m from SAR31.7m a year earlier

Red Sea International Airport by RSG

Red Sea phase one: Here are 7 key construction milestones

The Red Sea International Airport is on track to receive its first domestic flights later this year

Red Sea Global 5G network (Source: Sourced from Red Sea Global Media Centre)

World’s first zero-carbon 5G network unveiled at Six Senses Southern Dunes

It will be powered by 100 per cent renewable energy from over 760,000 solar panels that Red Sea Global has built to power The Red Sea destination

Saudi Arabia plans to issue $9.6bn in sukuk after buyback GettyImages-1464744716-1

Saudi Arabia plans to issue $9.6bn in sukuk after buyback

HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction

Saudi Football League signs deals for global broadcast Al Khaleej VS Al Taawon Image courtesy Saudi Pro League

Saudi Football League lines up deals to broadcast games globally

The deals supposedly span more than 130 territories at rates as much as four times higher than last season’s total revenue from broadcast rights

Neymar

Neymar leaves PSG for Saudi Pro League club Al Hilal

The Brazil forward’s current contract with PSG runs until 2025

Riyadh Air signs first sports sponsorship deal

Riyadh Air signs multi-year sponsorship deal with Atlético de Madrid

The partnership is the first sports sponsorship deal that Riyadh Air has signed since its official launch in March

Kerten Hospitality will debut its The House Residence brand in the Oxagon (Image: Supplied by NEOM)

Kerten Hospitality to enter NEOM’s Oxagon

A 200-unit serviced apartments property will welcome its first guests in 2025

Continent hotels

Continent Worldwide Hotels unveils Saudi Arabia expansion plans

Continent Worldwide Hotels said it was bringing three distinct properties to the Saudi cities of Maddinah and Dammam

ACWA Power H1 2023 results Image Acwa Power

ACWA Power H1 net profit rises 26% to SAR684m

Operating income — before impairment, loss and other expenses — for the six-month period stood at SAR1,289m

Karim Benzema visits Makkah after Saudi transfer

Saudi Pro League stars Karim Benzema, Sadio Mane perform Umrah in Makkah

The Saudi Pro League’s various clubs have gone on an international acquisition spree and signed a string of big names that have brought Europe’s top footballers to the kingdom

PIF launches fitness and wellbeing company

Saudi Arabia’s PIF sets up fitness and well-being company

Kayanee will adopt a female-focused approach to all its services, prioritising mental, physical and social health to create a vibrant society

Saudi Arabia Type-c Charger

Saudi Arabia to mandate Type-C USB charging ports by 2025

The decision will contribute to reducing the amount of annual domestic consumption of chargers and charging cables by more than 2.2 million units annually

King Abdullah Port

King Abdullah Port announces strategic partnerships boosting maritime offerings

The alliance marks a new chapter in the growth of the port’s maritime services

Yasser Nasr-Aldin, co-founder, chief strategy officer and head of investment at YaSchools Image YaSchools

Saudi edtech YaSchools raises $600,000 in seed round, plans for expansion to Jordan

Since the launch of its microlending services in early 2023, YaSchools has received financing requests worth more than $40m

Saudia inaugurates flights from Riyadh, Jeddah to Beijing

Saudia launches flights connecting Riyadh, Jeddah with Beijing

The new routes reinforce Saudi Arabia’s commitment to boost the growth of the tourism and aviation sectors

Saudi

Saudi Arabia expands visitor e-visa to eight additional countries

Nationals of these countries can apply for a Saudi visitor visa ahead of their journey via the official e-visa portal

Saudi Aramco reports Q2 2023 earnings

Aramco reports a drop in profits of 38% in Q2 2023

The world’s largest oil company reported that it had paid out a base dividend for Q1 2023 of $19.5bn in the second quarter, which was up 4 per cent year-on-year

Saudi

Saudi city of future enlists Dutch help to grow crops in desert

It is carving out an area the size of some 15 soccer fields to form a horticulture oasis on the outskirts of Neom

Fairmont Ramla Serviced Residences Riyadh (Image: Supplied by Fairmont)

Fairmont opens its first Saudi serviced residences property

The 249 residences range in size from one-bedroom suites to four-bedroom penthouses

Ukraine peace talks in Jeddah, KSA

Ukraine peace plan talks end in Saudi Arabia

A tangible outcome from the Jeddah meet was a plan to form working groups under various points of the Ukraine peace formula

Saudi wealth fund PIF reports $15.6bn loss in 2022

Saudi wealth fund takes $15.6bn hit from SoftBank and tech

The fund’s assets under management grew to $595.5bn from $527.8bn in 2021 despite the $15.6bn loss

Saudi Arabia’s PIF sets up company to promote sports sector

Saudi Arabia’s PIF sets up company to promote sports sector

SRJ Sports Investments will invest in businesses specialised in offering unique fan engagement activities and transformative sports technology