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Saturday, Jul 18, 2026
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International Monetary Fund Backs Saudi Economy While Warning of Shipping Risks

Following its Article IV consultation, the International Monetary Fund said Saudi Arabia's non-oil economy continues to show resilience despite regional conflict, while warning that prolonged disruption in the Red Sea and Strait of Hormuz could weigh on inflation and medium-term growth.
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Saudi Authorities Issue Nationwide Extreme Heat Advisory

Health and meteorological authorities urged residents and outdoor workers to take precautions during the hottest period of the summer, while reminding employers to comply with m...

Saudi-Backed Masam Project Clears Thousands of Explosive Devices in Yemen

Project Masam destroyed more than 4,500 landmines and unexploded ordnance across Yemen during the past month, continuing Saudi Arabia's long-running humanitarian demining progra...

Grand Mosque Introduces Artificial Intelligence Crowd Monitoring System

Authorities overseeing the Grand Mosque in Mecca deployed a real-time artificial intelligence system to monitor crowd movements and improve safety and traffic flow for Hajj and ...

Saudia Launches Direct Riyadh-Tokyo Passenger Service

Saudi Arabian Airlines announced new nonstop flights between Riyadh and Tokyo beginning in November, expanding its East Asian network as the Kingdom seeks to attract more intern...

Saudi Wheat Harvest Tops One Million Tonnes

The General Food Security Authority said domestic wheat production exceeded one million tonnes this season as government procurement incentives boosted local cultivation and str...

Saudi Homeownership Rate Exceeds Vision 2030 Target Ahead of Schedule

The Ministry of Municipalities and Housing said the national homeownership rate reached 66.24 percent, surpassing a key Vision 2030 milestone through government-backed housing a...

Public Investment Fund Partners With Talaat Moustafa Group on Saudi Urban Projects

The Public Investment Fund signed a development agreement with Egypt's Talaat Moustafa Group to jointly build large residential, commercial and hospitality projects across Saudi...

Saudi Arabia Welcomes Direct Commercial Flights Between Jordan and Sanaa

The Saudi government endorsed a Jordan-backed initiative to resume regular commercial passenger flights between Amman and Yemen's Houthi-controlled capital, describing the route...

Riyadh Air Expands European Network With Madrid Route and Air Europa Partnership

Riyadh Air announced new nonstop flights to Madrid and signed a strategic memorandum of understanding with Air Europa, strengthening links between Saudi Arabia and Europe as the...

Public Investment Fund Signs Two Billion Dollar Digital Infrastructure Partnership

Saudi Arabia's sovereign wealth fund signed a two billion dollar memorandum of understanding with I Squared Capital to expand digital infrastructure and district cooling systems...

Public Investment Fund Sets Aside 16 Billion Dollars for Neom Project Restructuring

Internal financial documents indicate the Public Investment Fund has allocated about 16 billion dollars through the end of the decade for contractor termination agreements as it...
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