Riyadh Air, a Saudi Arabian startup airline, is set to finalize a major jet order in early 2025. The airline is evaluating options for the industry’s largest twin-aisle jets, including the Boeing 777X and Airbus A350-1000. CEO Tony Douglas predicts the decision will be made in the first or second quarter of 2025. Riyadh Air, … Read more
Saudi Delegation to Sign $2 Billion Agreements with Pakistan. Saudi Investment Minister Khalid Al-Falih will visit Islamabad from October 10-11. The government committed $3.2 billion in foreign loans, including a $1.2 billion Saudi Oil Facility. ISLAMABAD: A high-level Saudi delegation is expected to sign agreements worth $2 billion with the federal government during their visit … Read more
Kingdom of Saudi Arabia, Saudi Arabia’s Crown Prince Mohammed bin Salman launched the National Industrial Strategy. The crown prince will serve as the committee’s chairman. This is because the Kingdom of Saudi Arabia is currently the fourth largest manufacturer of petrochemical products in the world. Kingdom of Saudi Arabia, Saudi Arabia’s Crown Prince Mohammed bin … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif and Saudi Arabia’s Crown Prince Mohammed bin Salman on Monday expressed the resolve to further strengthen the strong, longstanding fraternal ties between the two countries. The two leaders in a telephonic conversation also exchanged views on issues of mutual interest, the PM Office said in a statement. PM Shehbaz Sharif … Read more
The majority of Gulf stock markets closed the day higher on Sunday. Crude prices, a major driver for the Gulf’s financial markets, rose 2.5 percent. Egypt’s blue-chip index is trading at close to its lowest level in almost six years outside of the Gulf. In response to Friday’s gains for oil prices and global shares … Read more
Oil headed for its biggest weekly percentage drops in a month Biden begins sensitive Saudi trip U.S. oil rig count inches up by two this week – Baker Hughes The most recent price collapse will have considerably undermined (Biden’s) case, according to oil broker PVM’s Stephen Brennock. The U.S. oil rig count, a leading predictor … Read more
Aston Martin announced its intention to raise 653 million pounds ($773.15 million) Saudi Arabia’s sovereign wealth fund will become the second-largest stakeholder with a nearly 17 percent stake. The company aimed to increase its investment to up to 20% by 2023. In a capital raising intended to pay off debt and strengthen its company, Saudi … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif held a telephone call to Saudi Crown Prince Mohammed bin Salman to extend greetings to him on the occasion of Eid-ul-Azha. Pakistan and Saudi Arabia agreed to pursue a joint strategy for execution of the decisions taken during Prime Minister Shehbaz Sharif’s visit to the Kingdom in April this year. … Read more
The LIV Series moves to the U.S. for four back to back occasions beginning at Pumpkin Ridge Golf Club in North Plains, Oregon. The dubious Saudi-supported adventure can be a power for good according to Bryson DeChambeau on Tuesday. DeChambeau told at a LIV occasion with different players, “I regard everybody’s perspective that is overwhelmingly … Read more
Chairman Saudi-Pak Business Council is heading the delegation The delegation will visit Islamabad, Lahore, Faisalabad, and Karachi Pakistan-Saudi Arabia Joint Working Group will be revived ISLAMABAD: Prime Minister Shehbaz Sharif has urged Saudi investors to come forward and invest in the different sectors of Pakistan. Talking to a delegation of Saudi businessmen and investors in … Read more
US President Joe Biden says he will not visit Saudi Arabia’s crown prince, Mohammed bin Salman, during a trip next month. Instead, he will be attending an “international conference” in Riyadh. The visit is part of his first trip to the Gulf as president. WASHINGTON – US President Joe Biden said on Friday that he … Read more
Saudi trade delegation will arrive in Pakistan The delegation will visit Islamabad, Lahore, Faisalabad and Karachi. It will comprise representatives of 30 Saudi companies. ISLAMABAD: A Saudi trade delegation will arrive in Pakistan on Monday (tomorrow) to explore investment opportunities related to the China-Pakistan Economic Corridor (CPEC) and other sectors. The delegation’s arrival is a … Read more
Ankara and Riyadh heal bitter rift following 2018 murder of journalist Jamal Khashoggi in Istanbul. Crown prince expected to visit Turkish capital Ankara on June 22. Two countries to sign several agreements as Turkey looks to non-Western partners for financial support. ISTANBUL – Saudi Crown Prince Mohammed bin Salman will pay a visit to Turkey … Read more
US President Joe Biden will visit Saudi Arabia, Israel and the Palestinian West Bank. It will be his first trip to the Middle East as president. He will meet Crown Prince Mohammed bin Salman, following efforts to isolate the oil kingdom’s de facto ruler after the killing of a journalist. WASHINGTON – US President … Read more
Biden was thought to be preparing a trip to Saudi Arabia, as well as Europe and Israel. President Donald Trump considers Saudi Arabia’s Crown Prince Mohammed bin Salman a “pariah”. The Saudi government has denied the crown prince’s involvement in the killing of journalist Jamal Khashoggi. LOS ANGELES (AP) — A week after hinting at … Read more
Saudi Telecom (7010.SE) announced on Sunday that its board of directors has requested an increase in capital of $8 billion. The capital increase would entail the issuance of 30 billion new shares a 150 percent increase, with shareholders offering 1.5 new shares for each share they currently own. Saudi Telecom (7010.SE) announced on Sunday that … Read more
Jack Nicklaus on Tuesday reaffirmed his commitment to the PGA Tour, stating that no amount of money could persuade him to take on a leadership role with a new Saudi-backed golf series. Earlier this month, the 82-year-old golf legend announced that he had turned down a $100 million deal to be one of the stars … Read more
Dustin Johnson, the former world number one, will lead the field for the inaugural $25 million LIV Golf Invitational Series event in England, the new Saudi-backed golf circuit announced Wednesday. The American two-time major titleholder stated in February that he would remain loyal to the US PGA Tour, but Johnson was one of two top-20 … Read more
Saudi Arabia’s main airline will begin weekly international flights from the kingdom’s planned futuristic megacity known as NEOM next month, with Dubai as the first destination, according to state media on Monday. The weekly NEOM-Dubai flights will begin “by the end of June 2022, with plans to expand to London shortly thereafter,” according to the … Read more
A Saudi billionaire detained in a 2017 anti-graft crackdown will sell a 16.87 percent stake in his company to a sovereign wealth fund run by the kingdom’s crown prince. a statement issued on Sunday. According to a regulatory filing published by the Saudi stock exchange, or Tadawul, Prince Al-Waleed bin Talal sold 625 million shares … Read more
Saudi Deputy Defense Minister Prince Khalid bin Salman met US National Security Adviser Jake Sullivan in Washington, D.C, the Saudi Press Agency reported on Wednesday. Prince Khalid said in a tweet that the meeting was organized on the directive of Saudi Crown Prince Mohammed bin Salman. “I met with US National Security Adviser Jake Sullivan … Read more
Saudi Arabia on Monday rejected claims that its deliberate futuristic megacity called NEOM may have exclusive rules from the rest of the conservative nation and function like a “united states inside a rustic”. In an interview published last week via the UAE’s The National newspaper, Andrew McEvoy, head of NEOM’s tourism area, become quoted as … Read more
Doctors in Saudi Arabia have successfully separated conjoined twins from Yemen after a “difficult” 15-hour operation, Saudi state media said on Monday The baby boys, Yussef and Yassin, were “conjoined in various organs,” according to the Saudi Press Agency (SPA). The operation to separate them needed 24 doctors. Yemen has been plagued by a vicious … Read more
RIYADH: Saudi Arabia’s consumer price index increased 2.3 percent in April from a year earlier, owing to rising transportation, food, and beverage prices, according to government data released on Sunday. In April 2022, the consumer price index, or CPI, increased by 2% over the same month the previous year, owing mostly to increases in transportation … Read more
The Saudi-led military coalition fighting Yemen’s Huthi insurgents announced Friday it has freed a batch of rebel captives, part of what it claims as efforts to end the seven-year war. The coalition announced last week that it would release 163 convicts accused of taking part in “hostilities” against Saudi Arabia. Early Friday evening, the Saudi … Read more
Yemen’s Huthi rebels have agreed to stop using child soldiers, the United Nations said, after thousands of below-age combatants had been recruited for the seven years of civil war. The Huthis will be released all infant soldiers within six months under a new movement plan, the UN stated, including that the warring parties have all … Read more
Turkey held the penultimate part of the trial in absentia of 26 individuals related to the assassination of Saudi journalist Jamal Khashoggi on Thursday before sending the case to Riyadh, angering rights organisations. On October 2, 2018, the 59-year-old journalist was assassinated inside the Saudi consulate in Istanbul, in a brutal murder that stunned the … Read more
RIYADH: In Saudi culture, a diwaniya is typically a place where men gather in a home or casual setting to engage in dialogue. While sitting on sofas, they dive into conversation and friendly exchanges to resolve the political and social issues affecting their community. The diwaniya held on Friday night in an opulent residence a … Read more
