Saudi Arabia News

Saudi Arabia Plans Major Film and Media Production Complex Near Riyadh

The General Entertainment Authority has approved a large-scale media and film production hub designed to attract international productions, support local creative industries and create skilled employment opportunities.

Saudi Arabia Unveils Expanded Strategy for Hosting Major International Sporting Events

The General Entertainment Authority plans to attract a wider range of global sporting events, including boxing, motorsport and football competitions, as part of efforts to grow the entertainment sector and raise the Kingdom’s profile in ...

Saudi Central Bank Reports Strong Liquidity and Capital Levels Across Banking Sector

The Saudi Central Bank said the Kingdom’s financial system continues to maintain robust liquidity and capital adequacy metrics, supporting economic diversification and corporate lending activity.

Saudi Tourism Records Surge in International Visitor Arrivals

New data from the Ministry of Tourism showed record growth in international arrivals during the latest peak season, reflecting the impact of global marketing campaigns and expanded air links to Riyadh and Jeddah.

Foreign Direct Investment Into Saudi Non-Oil Sectors Continues to Rise

The Ministry of Investment reported strong year-on-year growth in foreign direct investment across technology, healthcare and education, highlighting sustained international interest in the Kingdom’s diversification agenda.

Saudi Aramco Expands Carbon Capture and Blue Hydrogen Investments

Saudi Aramco announced a significant increase in spending on carbon capture, utilization and storage projects alongside new blue hydrogen facilities, strengthening its energy transition and decarbonization efforts.

Public Investment Fund Launches Dedicated National Artificial Intelligence Initiative

The Public Investment Fund has established a new entity focused on accelerating artificial intelligence research, development and commercialization as Saudi Arabia seeks to become a leading innovation hub in the Middle East and North Afr...

Saudi Arabia and China Expand Cooperation in Manufacturing and Logistics

New agreements signed during a summit in Beijing will deepen Saudi-Chinese collaboration in advanced manufacturing, logistics infrastructure and technology-sharing initiatives across the region.

Crown Prince Mohammed bin Salman Hosts Regional Talks on Security and Economic Stability

Crown Prince Mohammed bin Salman convened senior regional leaders in Riyadh to discuss security cooperation, Red Sea maritime safety and closer coordination on economic policies amid ongoing geopolitical uncertainty.

Saudi Arabia Secures Multi-Billion-Dollar Financing Deal to Accelerate Neom Infrastructure

Saudi authorities and an international banking consortium have finalized a major financing agreement to support transport, energy and digital connectivity projects that underpin the next phase of Neom’s development.

Gulf Cooperation Council Expands Diplomatic Engagement Ahead of International Summits

GCC Secretary General Jasem Mohamed Albudaiwi met diplomats from Denmark and Panama in Riyadh to discuss regional security, stability and preparations for upcoming cooperation between the Gulf Cooperation Council and the Association of C...

Saudi Arabia to Host Thirty-Ninth Arab Inter-Parliamentary Union Conference

Held under the patronage of King Salman on June 10 and 11, the Arab Inter-Parliamentary Union conference will focus on parliamentary diplomacy, Arab cooperation and coordinated responses to regional and international security challenges.

Saudi Arabia and Qatar Coordinate Mediation Efforts Between the United States and Iran

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah Al Saud and Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani discussed ongoing diplomatic efforts aimed at easing tensions between...

Saudi Aramco Cuts Crude Oil Prices for Asia, Europe and Mediterranean Buyers

Saudi Aramco reduced official selling prices for July crude deliveries, lowering Arab Light prices by six dollars per barrel for Asian customers and cutting prices by ten dollars per barrel for buyers in Europe and the Mediterranean to r...

Saudi Arabia and Russia Lead OPEC+ Decision to Raise Oil Output Modestly in July

Seven OPEC+ producers agreed to increase collective oil production by 188,000 barrels per day from July, with Saudi Arabia raising its own output by 62,000 barrels per day, as the group seeks to support market stability amid regional dis...

United Nations Warns AI Power Demand Could Rival Saudi Arabia’s Electricity Consumption

A new international report said the rapid expansion of artificial intelligence data centres may require electricity generation on a scale comparable to Saudi Arabia’s current national power consumption by the end of the decade.

Athletes and Climate Campaigners Urge FIFA to End Saudi Aramco Sponsorship

More than one hundred women’s football players and environmental advocacy groups called on FIFA to terminate its partnership with Saudi Aramco ahead of future World Cup competitions, citing climate-related concerns.

LIV Golf Season Faces Uncertainty Amid Reports of Future Funding Changes

International media reports indicated that the final four tournaments of the current LIV Golf season could face disruption following indications that sovereign wealth fund financing may end after the current year.

Saudi Aramco Schedules Shareholder Meeting to Review Financial Strategy

The state energy giant will convene its annual shareholder gathering to review financial statements and discuss long-term governance and capital allocation priorities amid volatile global energy markets.

Saudi Arabia and International Labour Organization Advance Worker Protection Programme

Saudi labour officials and the International Labour Organization reaffirmed cooperation on labour market reforms and worker protections during discussions in Geneva, supporting efforts to modernize employment regulations.

Saudi Health Ministry and Jamjoom Pharma Expand Medical Workforce Development

The Ministry of Health and Jamjoom Pharma signed an agreement to develop specialist healthcare talent through training programmes designed to strengthen the domestic pharmaceutical and healthcare sectors.

Saudi Red Sea Authority Introduces Environmental Standards for Marine Tourism

Regulators launched the Kingdom’s first environmental verification framework for water-based tourism operators, seeking to protect sensitive marine ecosystems as Red Sea tourism developments expand.

Saudi Arabia and UN Food Agency Deepen Cooperation on Food Security

Officials from the Gulf Cooperation Council and the Food and Agriculture Organization held talks in Riyadh focused on research partnerships and sustainable technologies aimed at strengthening regional food supply chains.

Swiss Engineering Group Georg Fischer Opens Riyadh Headquarters

The company established a regional base in the Saudi capital to support major water, desalination and infrastructure projects tied to the Kingdom’s long-term urban development plans.

Saudi Property Developer Al Ramz Reports Sharp Revenue Growth

Al Ramz posted a 169 percent year-on-year increase in first-quarter revenue, reflecting strong demand for residential property as the Kingdom advances homeownership and housing development targets.

Rheinmetall-Style Industrial Expansion Continues as Bawan Completes Petronash Acquisition

Saudi industrial group Bawan finalized its acquisition of engineering company Petronash, strengthening its position in manufacturing and energy-related infrastructure supply chains.

Saudi Arabia’s Mergers and Acquisitions Activity Outpaces Regional Markets

Dealmaking volumes rose four percent in the first quarter, demonstrating continued investor confidence in the Kingdom despite a broader slowdown in regional economic activity.

Saudia Ranked World’s Most Punctual Airline for Operational Performance

Independent aviation monitoring services reported that Saudia achieved the highest on-time arrival and departure performance globally during the previous month, reflecting improvements across the Kingdom’s aviation sector.

Saudi Vehicle Imports Surge as Chinese Automakers Gain Market Share

Trade data showed vehicle imports reaching 1.9 million units over two years, underscoring the rapid expansion of Chinese automotive brands across Saudi Arabia’s passenger and commercial vehicle markets.

Saudi Arabia Launches First Autonomous Hydrogen-Powered Heavy Truck

A coalition backed by the Transport General Authority deployed a self-driving hydrogen-powered freight vehicle with a range of up to 1,500 kilometres, marking a milestone in sustainable logistics and artificial intelligence adoption.

Saudi Arabia’s Foreign Assets Remain Above 1.54 Trillion Riyals

The Saudi Central Bank reported stable foreign reserves, preserving a key financial buffer that supports the currency peg and helps finance the Kingdom’s long-term economic transformation programmes.

Riyadh Air Receives First Boeing Dreamliners Ahead of Commercial Launch

The new national carrier took delivery of its first two Boeing 787-9 aircraft in Riyadh, moving closer to launching passenger services next month and expanding to twenty international destinations by year-end.

Saudi Sovereign Wealth Fund and Talaat Moustafa Group Sign Urban Development Partnership

The Public Investment Fund and Talaat Moustafa Group agreed to explore residential, commercial and hospitality projects across the Kingdom, supporting Vision 2030 goals to diversify the economy and improve urban living standards.

Saudi Arabia and European Union Face Off Over Frozen Funds and Energy Security Priorities

Saudi policymakers continued to emphasize fiscal resilience and long-term investment planning as the Kingdom maintained more than 1.54 trillion riyals in net foreign assets, providing support for major infrastructure projects and macroec...

Saudi Arabia Posts $34 Billion Quarterly Budget Deficit Despite Expanding Non-Oil Economy

The Kingdom recorded a $34 billion fiscal deficit in the first quarter as fluctuating energy revenues and regional geopolitical tensions weighed on public finances, even as tourism and other non-oil sectors continued to grow.

OPEC+ Producers Agree Output Adjustment to Support Stability in Global Oil Markets

Saudi Arabia, Russia and five other OPEC+ members agreed to a collective production adjustment of 188,000 barrels per day from July, signalling a cautious approach to unwinding earlier voluntary supply cuts amid uncertain global demand.

National Housing Program Introduces Incentives to Accelerate Residential Development

New financing facilities and construction incentives for private developers are intended to boost housing supply, meet growing demand, and support the Kingdom’s homeownership objectives.

Saudi Arabia Deepens Defense Cooperation With International Partners

New agreements on military training and technology transfer are intended to strengthen national defense capabilities while supporting the development of domestic military industries.

Saudi Press