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Saudi Arabia

Explore the latest from Saudi Arabia on MENews247. Stay informed on political developments, economic trends, and cultural insights in the Kingdom.

From Riyadh’s policy shifts to Jeddah’s cultural festivals, get your 24/7 update on everything happening in Saudi Arabia. Your source for comprehensive news and analyses on Saudi Arabian affairs.

investment to the film industry
NEWS DESK Entertainment GCC Lifestyle Saudi Arabia

Saudi Arabia Announces Officially a $233 Million Film Industry Funding Initiative Targeting Local and International Businesses

The Saudi Cultural Development Fund has officially launched its Film Sector Financing Program, which provides funds to local and foreign film companies that want to join the growing film industry in Saudi Arabia. The $233 million (879 million Saudi Riyal) project, which is part of the country’s $1.1 billion IGNITE Digital Content Program, was first […]
Riyadh's First European Food Festival
Food & Beverage GCC NEWS DESK Saudi Arabia

Riyadh’s First European Food Festival Takes Guests on a Gourmet Tour of Europe

Visitors to Riyadh’s first European Food Festival enjoyed authentic tastes and sensations from across Europe, which took place on March 16 and 17. The EU representative organized the event in Riyadh in partnership with the various embassies of EU member states, the Diplomatic Quarter in Riyadh, and the Saudi Commission for Culinary Arts. Jaap Ora, […]
Business GCC Saudi Arabia

CyberArrow and Mobily Announce Partnership to Strengthen Cyber Security Compliance in Saudi Arabia

Riyadh, Saudi Arabia — CyberArrow, a leading cyber security compliance automation provider, and Mobily, one of the largest telecommunications providers in Saudi Arabia, today announced a new partnership to enhance cyber security compliance and awareness for businesses in the region. As cyber threats continue to increase in frequency and sophistication, it is crucial for
Business GCC Saudi Arabia

Saudi Re Year 2022 Premiums

(RIYADH): The Saudi Reinsurance Company (Saudi Re) has announced the annual financial results ending on 31 December 2022, noting that net profit before Zakat rose to $15 million compared to 14.19 million last year, with an increase of 6.4 percent. The Company’s 2022 results also recorded a rise in its sales by 26 percent, reaching […]
Tech GCC Saudi Arabia

London-based technology brand “Nothing” enters Kingdom of Saudi Arabia Market with Jarir Bookstore

Riyadh, Kingdom of Saudi Arabia, 22nd March 2023 – Jarir Bookstore, KSA’s longest established bookstore and leading consumer tech retailer, has announced an exclusive partnership with London-based technology brand Nothing, bringing Phone (1) to the Saudi Arabia market. Phone (1) will be available across all stores and Jarir.com starting from the 1st of March 2023.
Riyadh To Host International Conference To Examine Leveraging Digital Transformation In Justice Sector
NEWS DESK GCC Saudi Arabia

Riyadh To Host International Conference To Examine Leveraging Digital Transformation In Justice Sector

The Saudi Ministry of Justice, from March 5 to 6, 2023, will host the first International Conference on Justice in Riyadh. The goal of this conference is to bring together experts, judges, and important decision-makers from the legal fields of more than 30 countries to discuss how digital technology is changing the field of justice. Digital […]
10 Startups Awarded $1 Million Cash Prizes at Accelerator Program Finals in Saudi Arabia
NEWS DESK GCC Saudi Arabia

10 Startups Awarded $1 Million Cash Prizes at Accelerator Program Finals in Saudi Arabia

One of the oldest accelerator programs in the Middle East, TAQADAM, recently granted ten startups a cash pool totaling $1 million. The King Abdullah University of Science and Technology established the initiative in cooperation with the Saudi British Bank. This year’s annual accelerator program showcase marked the sixth year of the launch of the prize ceremony. Over
NEWS DESK GCC Saudi Arabia

Airbus supports 2023 Saudi Arabian Grand Prix

Jeddah, KSA –   20 March 2023 – Airbus rolled out its mission-critical solutions in the 2023 Saudi Arabian Grand Prix as the motorsport spectacle’s official secure communication technology provider.  Deployed in the vital points of the Jeddah Corniche Circuit were Airbus TMR880i, THR880i, TH1N, and TH9 Tetra radios and RCS9500 Radio Dispatch Console.
Saudi's Potential To Take The Lead In Carbon Capture On The Road To Net-zero Emissions
NEWS DESK GCC Saudi Arabia

Saudi’s Potential To Take The Lead In Carbon Capture On The Road To Net-zero Emissions

As nations throughout the world step up their efforts to achieve net-zero carbon emission objectives and mitigate the effects of climate change, oil, and gas-producing nations, in particular, are under great pressure to quickly shift to green energy sources. According to Bloomberg, $6.4 billion will be invested globally in carbon capture and storage projects this […]
Tech GCC Saudi Arabia

Monsha’at and Zoho to accelerate SMEs’ digital transformation and e-commerce adoption

Dubai – March 16, 2023 – In line with the national digitalisation agenda under the Saudi Vision 2030, the Small and Medium Enterprises General Authority (Monsha’at) and Zoho Corp., a leading global technology company, announced the signing of a Memorandum of Understanding (MoU) that aims at supporting 30,000 small and medium enterprises (SMEs) in Saudi […]
Business GCC Saudi Arabia

Leaders of the Global Financial Community Outline Positive Outlook for Sector as Financial Sector Conference Opens in Riyadh

RIYADH, Saudi Arabia — The second edition of the Financial Sector Conference (FSC 2023) opened today in Riyadh, welcoming over 3000 participants from around the world to discuss the way ahead for the global financial community under the conference theme of “Promising Financial Prospects.” Welcoming delegates to the conference Saudi Minister of Finance HE Mohammed […]
Business GCC Saudi Arabia

Biban 2023 powers the future of Saudi entrepreneurship with the launch of $13.8 billion-worth of agreements and initiatives

Riyadh, Saudi Arabia — Biban 2023 — Saudi Arabia’s flagship startup and SME forum — has brought leading entities from around the world together to sign a series of landmark agreements worth approximately $13.8 billion in support of the startup community. Organized by the Small and Medium Enterprises General Authority of the Kingdom of Saudi […]
Business GCC Saudi Arabia

Saudi-Based Company White Helmet Named 2022 Entrepreneurship World Cup Champion

Riyadh, Saudi Arabia — After four days of fierce competition, with 100 up-and-coming startups representing 53 countries, one has emerged the victor of the Entrepreneurship World Cup (EWC). White Helmet, a company that provides a platform to manage and monitor construction operations remotely, from anywhere and at any time, returns home with a US$300,000 share […]