Saudi Arabia News

Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"

European champions Spain beat France 2-0 to reach the World Cup final, extending their unbeaten run to 37 matches and setting a record with eight consecutive knockout victories at major tournaments.

Saudi Sovereign Wealth Leaders Increase Focus on Domestic Startups and Venture Capital

Public Investment Fund executives are expanding support for Saudi startups, directing more capital toward artificial intelligence, fintech, and advanced logistics companies to strengthen the local innovation sector.

Saudi Arabia Installs More Than Ten Thousand Electric Vehicle Chargers Through Wallbox Partnership

Wallbox and Turning Point Energy have surpassed the installation of ten thousand electric vehicle chargers across Saudi Arabia, expanding charging infrastructure for brands including Lucid and BYD.

Saudi Arabia and Canada Sign Fifteen Agreements at Jeddah Investment Forum

Saudi officials and Canadian business representatives signed agreements covering technology, healthcare, and industrial manufacturing, strengthening economic cooperation following the restoration of full diplomatic relations.

Saudi Arabia Presents Vision 2030 Progress Report at United Nations Development Forum

Economy and Planning Minister Faisal Alibrahim highlighted Saudi Arabia’s progress in renewable energy, groundwater sustainability, and women’s economic participation during the Kingdom’s third voluntary national review at the United Nat...

Saudi Ministry of Municipalities and Housing Secures More Than One Billion Dollars in Private Investment Deals

Saudi urban authorities signed new investment agreements through the government’s digital investment platform, supporting development projects across logistics, healthcare, tourism, and real estate sectors.

IMF Raises Saudi Arabia’s 2027 Growth Forecast to Five Point Five Percent

The International Monetary Fund upgraded Saudi Arabia’s economic outlook for 2027, citing Vision 2030 investment and non-oil sector expansion while lowering its near-term expectations due to regional geopolitical pressures.

Saudi Aramco Sells Spot Crude Cargoes to Asian Buyers Amid Strait of Hormuz Disruptions

Saudi Aramco has sold at least six million barrels of crude through spot market transactions with refiners in China, Japan, and South Korea as the company adjusts supply arrangements amid rising Gulf shipping risks.

Saudi AI Company Humain Partners With Cohere for Major Computing Infrastructure Expansion

Saudi technology company Humain will provide at least fifty megawatts of dedicated computing capacity to artificial intelligence company Cohere over five years, expanding the Kingdom’s role in large-scale AI infrastructure development.

Deutsche Bank Receives Regional Headquarters License in Riyadh as Global Firms Expand Saudi Presence

German investment bank Deutsche Bank has secured approval to establish its regional headquarters in Riyadh, joining more than seven hundred international companies that have moved Middle East operations to the Saudi capital.

Saudi Public Investment Fund Plans One Hundred Seventy Billion Dollars in European Investments by 2030

The sovereign wealth fund announced plans to expand its European presence with a new Paris office and increased investment activity, while also signaling its withdrawal from Swiss financial markets after the forced acquisition of Credit ...

Saudi Public Investment Fund and I Squared Capital Sign Two Billion Dollar Digital Infrastructure Partnership

Saudi Arabia’s sovereign wealth fund has partnered with United States-based infrastructure investor I Squared Capital to attract private capital into digital infrastructure and district cooling projects supporting Vision 2030 development...

Saudi Arabia Condemns Iranian Attacks on Gulf Energy Infrastructure and Calls for International Response

The Saudi Ministry of Foreign Affairs criticized Tehran after Iranian forces targeted offshore drilling platforms and oil tankers linked to regional allies, urging international action to protect maritime trade and regional stability.

Iran-Backed Houthi Forces Launch Missile Strikes on Saudi Arabia After Truce Collapse

Yemen’s Houthi rebels fired ballistic missiles at Saudi Arabia after accusing the Saudi-led coalition of attacking a rebel-controlled airport, ending a four-year period of relative calm and raising new threats to shipping through the Bab...

Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena

Professor Avi Loeb appointed to advise the government on UAP data collection and analysis, emphasizing a data-driven approach over speculation.

Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives

Authorities in the Gulf nation have instructed all citizens and residents to remain calm and proceed immediately to the nearest secure location following a sudden public alert.

Saudi National Boxing Team Wins Record Seventeen Medals at Braga Open

Saudi Arabia's boxing team secured seven gold medals as part of a record seventeen-medal haul at the Braga Open in Portugal, marking the strongest international performance in the federation's history following increased investment in at...

Zain Saudi Arabia and Monshaat Partner to Accelerate Small Business Digitisation

Zain Saudi Arabia has signed an agreement with the Small and Medium Enterprises General Authority to provide subsidised cloud computing, cybersecurity, and connectivity services for emerging businesses in support of Vision 2030.

Hitek AI Launches Automated Asset Management Platform for Gulf Investors

Saudi technology startup Hitek Artificial Intelligence has introduced a machine learning platform designed to improve the management of real estate and infrastructure assets for institutional investors across the Gulf.

Red Sea Global Earns Five Platinum Sustainability Certifications for Shura Island Hotels

Five hotels under construction on Shura Island have received the highest international sustainability certification, reinforcing Red Sea Global's objective of achieving carbon-neutral operations across its tourism developments.

Saudi Aramco Records Twenty-Six Million Riyal Block Trade on Saudi Exchange

One million Saudi Aramco shares changed hands in a negotiated transaction worth twenty-six million riyals, reflecting continued institutional trading activity in the Kingdom's flagship energy company.

Saudi Technology Firm Magna AI Partners with Naver on Sovereign AI Models

Saudi company Magna Artificial Intelligence has formed a partnership with South Korea's Naver to develop locally hosted artificial intelligence models that meet national data security requirements while supporting digital transformation.

United Kingdom Launches Initiative to Map Saudi Arabia's Artificial Intelligence Sector

The United Kingdom's Foreign, Commonwealth and Development Office has begun a Gulf Strategy Fund project to analyse Saudi Arabia's artificial intelligence ecosystem and support future cooperation in advanced technologies and data governa...

Foreign Investment and Business Confidence Continue to Support Economic Diversification

Saudi Arabia attracted twenty billion riyals in foreign private capital inflows, while a purchasing managers' index reading of fifty-three point three reflected continued confidence in the Kingdom's economic reforms and non-oil growth.

Saudi Arabia and Italy Coordinate Diplomatic Efforts on Regional De-escalation

Foreign Minister Prince Faisal bin Farhan held talks with his Italian counterpart to coordinate international efforts supporting a two-state solution and reducing the broader security and economic impact of conflicts across the Gulf and ...

Egypt Reaffirms Support for Saudi Arabia Following Security Incidents

Egypt's Ministry of Foreign Affairs expressed full solidarity with Saudi Arabia after recent missile-related security incidents, describing the attacks as a dangerous escalation that threatens the Kingdom's security and wider regional st...

Red Sea Global Opens Six Senses Amaala Resort to International Guests

Red Sea Global has welcomed the first international visitors to the Six Senses Amaala resort at Triple Bay, advancing plans to establish Saudi Arabia's western coastline as a leading destination for sustainable luxury tourism.

Vision 2030 Review Highlights Expanding Non-Oil Economy

A new government review says Saudi Arabia's economy has surpassed one trillion United States dollars, with non-oil sectors contributing more than fifty-five percent of gross domestic product and female labour force participation doubling...

Riyadh Air Launches Daily Flights Between Riyadh and London Heathrow

Saudi Arabia's new national airline has begun daily commercial services between King Khalid International Airport and London Heathrow using Boeing Dreamliners, marking a key milestone in the Kingdom's ambition to become a global aviation...

Saudi Aramco Redirects Petrochemical Investment Toward Asian Markets

Saudi Aramco has abandoned plans for a major domestic petrochemical complex at Ras Al Khair, choosing instead to pursue equity investments in Chinese refineries and chemical producers to strengthen long-term demand for Saudi crude.

Fitch Affirms Saudi Arabia's Credit Rating While Lowering Near-Term Growth Forecast

Fitch Ratings reaffirmed Saudi Arabia's strong fiscal position but reduced its 2026 growth forecast to below one percent because of regional maritime trade disruptions, while continuing to project a stronger recovery as oil production re...

Public Investment Fund Signs Two Billion Dollar Digital Infrastructure Partnership

The Public Investment Fund has agreed with I Squared Capital to invest up to two billion United States dollars in data centres, district cooling, and digital infrastructure to support growing artificial intelligence demand across the Kin...

Neom Scales Back The Line to Prioritise Industrial and Energy Projects

Following a strategic review, Neom has allocated sixteen billion United States dollars over the next five years for contract termination costs as it shifts focus toward delivering the Oxagon industrial port and green hydrogen developments.

Public Investment Fund Expands European Strategy with Planned Paris Office

Saudi Arabia's sovereign wealth fund plans to open a subsidiary in Paris and significantly increase investments across Europe while ending future investments in Switzerland following losses linked to the Credit Suisse takeover.

Saudi Arabia Grants ACWA Power Exclusive Green Hydrogen Export Rights

The Saudi government has designated ACWA Power as the exclusive exporter of domestically produced green hydrogen, ammonia, and methanol while assigning the company responsibility for developing renewable electricity export infrastructure...

Saudi Arabia Condemns Regional Missile and Drone Attacks Amid Rising Gulf Security Tensions

Saudi Arabia's Ministry of Foreign Affairs strongly condemned missile and drone attacks targeting Kuwaiti border facilities, United Arab Emirates oil tankers, and diplomatic sites, warning that further escalation threatens regional stabi...

Saudi Public Discussion Focuses on Regional Security, Energy Markets and Economic Conditions

Online conversations in Saudi Arabia remain focused on regional developments, security concerns, oil markets and the potential impact of international events on the Kingdom.

Saudi Arabia Expands Water Security Investment Through Desalination and Infrastructure Projects

Saudi Arabia continues investing in desalination capacity, water efficiency and infrastructure development to strengthen long-term water supply security.

Saudi Arabia Advances Red Sea Tourism Projects With Luxury Hospitality and Coastal Development

Saudi Arabia’s Red Sea destinations remain a major part of the Kingdom’s tourism strategy, combining luxury hospitality, environmental initiatives and new economic opportunities along the western coastline.

Saudi Press