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This is Saudi Arabia, the world’s biggest exporter of oil, so it’s no surprise the property market is red-hot as income from a spike in energy prices flows through the economy. According to Bloomberg citing Almajdiah’s chief …
OPEC+ will start preparing a new post-year deal soon, Saudi Energy Minister Prince Abdulaziz bin Salman told Bloomberg. According to him, the development will be carried out on the basis of the already gained "experience, successes …
The imperative to read and pursue knowledge is established in early Muslim scripture with Islamic tradition
Saudi Arabia's ACWA Power intends to build a 1.5 GW wind farm in Karakalpakstan in north-west Uzbekistan. "This project will be the largest wind farm not only in the region, but the whole world. The wind farm will be able to …
Enlight Renewable Energy Ltd. plans to create a joint venture with Israeli natural gas producer NewMed Energy LP that will develop renewable energy projects in North Africa and the Middle East
Saudi and US forces launched a joint military drill in the Red Sea province of Yanbu on Saturday, the state news agency SPA reported. SPA said the month-long exercise, codenamed “Native Fury 22”, includes combined …
Saudi company Kingdom Holding, which was founded by Prince Alwaleed bin Talal, invested more than $500 mln in Rosneft, Lukoil and Gazprom during the first quarter of this year, the Saudi firm said on Sunday. From February 22 to March 22 …
Gulf travelers prefer domestic tourism; traditional destinations are no longer attractive
Saudi businessman Muhammad Al-Qahtani collapsed and died while giving a speech at a conference in Egypt. The businessman reportedly residing in the United Arab Emirates was giving a speech at the speaking at the Arab-African Conference …
The eighth naval bilateral military exercise Native Fury 22 between the United States and Saudi Arabia started on Tuesday in the Red Sea, the US Central Command said. “The Kingdom of Saudi Arabia and U.S. Marine Corps Forces, …
Saudi Arabia's aim is to localize over 50 percent of military equipment spending by 2030
Saudi Arabia has submitted an official bid to host the 2029 Asian Winter Games in NEOM's futuristic Trojena sports city, the kingdom's state-run press agency SPA reported. Trojena is part of NEOM, a planned megacity and the …
The Middle East Monitor writes about four landmark green innovative projects that can make the Middle East sustainable
The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower pace than in previous months. OPEC, led by Saudi Arabia, and its allies, led by Russia, said they will increase output to 100,000 …
Saudi Arabia’s economy expanded 11.8% in the second quarter, maintaining the fastest pace of growth since 2011 buoyed by higher oil prices and production, Bloomberg reported. Non-oil gross domestic product - the engine of job …
Turkish Foreign Minister Mevlut Cavusoglu spoke by phone Wednesday with his Saudi counterpart Faisal bin Farhan Al Saud on a UN-backed deal signed by Russia and Ukraine to resume grain exports through the Black Sea. The two also …
Saudi Arabia is embarking on an ambitious plan to build the world’s largest structure in the northwest of the kingdom
Iran's Foreign Ministry Spokesman Nasser Kana'ani stated on Monday that Saudi Crown Prince Mohammad bin Salman has voiced Riyadh's readiness to take talks with Tehran to official and public levels. "Five rounds of …
Over 60 deposits of precious and nonferrous metals on the territory of Kazakhstan are proposed to be developed by businessmen from Saudi Arabia. This was announced by the President of Kazakhstan Kassym-Zhomart Tokayev during his visit to Saudi …
Saudi Arabia and Iraq increased oil exports to Europe, Bloomberg reports with a reference to the tracking data of sea vessels. According to the agency, the total flow from the Middle East in July reached 2.2 mln barrels per day, which …
