Saudi Arabia

Tech GCC NEWS DESK Saudi Arabia

The Kingdom Of Saudi Arabia’s Ministry Of Culture Sponsors Coffee Research

News Editor 01/01/2023 0

As the kingdom’s “Year of Saudi Coffee” winds down, the kingdom hopes to find out as much as it can about its national beverage through coffee research. Saudi Press Agency stated on Sunday that Saudi’s Ministry of Culture, in partnership with the Saudi Coffee Company of

Tech GCC UAE

The United Arab Emirates’ Rashid Lunar Rover Is Scheduled To Touch Down On The Moon In Only Four Days

News Editor 28/12/2022 0

With the announcement of a revised liftoff date and time, the United Arab Emirates has officially begun counting down to the launch of the first UAE mission to the Moon. According to a statement released by the Mohammed Bin Rashid Space Centre (MBRSC) on Wednesday, the initial launch attempt was delayed to give SpaceX more […]

Tech GCC Saudi Arabia UAE

Saudi Arabia To Overtake UAE As GCC’s Leading Metaverse Hub

News Editor 27/12/2022 0

New research shows that by 2030, Saudi Arabia’s economy could be gaining $7.6 billion a year from the Metaverse. This is because the country is diversifying its economy to reach the goals set out in its Vision 2030. According to the Strategy & Middle East survey, the Metaverse could bring in $15 billion per year to the […]

NEWS DESK GCC Lifestyle Saudi Arabia Travel

New Agreement Between Saudi Arabia and Morocco Will Strengthen Tourism Cooperation

News Editor 19/12/2022 0

On Friday, the Saudi Press Agency (SPA) reported that Saudi Arabia and Morocco had signed a tourism cooperation agreement. This was to enable the coordination of efforts to achieve sustainable development in the two countries’ tourism sectors. To expand their tourist cooperation, both nations signed a Memorandum of Understanding at the 117th session of the […]

NEWS DESK Energy GCC Lifestyle Saudi Arabia Sustainability Tech

Energy Transition In Saudi Arabia: Renewable Technology At Home, Oil Abroad

News Editor 09/12/2022 0

Energy Transition In Saudi Arabia: Renewable Technology At Home, Oil Abroad : Saudi Arabia has long since been referred to as the Kingdom of oil. Since Saudi Arabia’s first oil discovery in 1933, the region has long been the focus of news when discussing oil because it is the world’s largest producer of that substance. […]

Sustainability GCC Lifestyle NEWS DESK Saudi Arabia

Saudi Storm Shuts Down Schools And Blocks The Primary Route To Mecca

News Editor 07/12/2022 0

Jeddah frequently experiences heavy downpours and flooding during the winter. Located on the Red Sea, the city of Jeddah is home to a population of about 4 million people, and it is often called the “gateway to Mecca,” from which millions of people annually make the journey to perform the hajj and umrah pilgrimages. Many […]

Logistics GCC NEWS DESK Saudi Arabia

Saudi Arabia Records 16.6% Increase in Non-Oil Exports

News Editor 17/11/2022 0

Saudi Arabia Records 16.6% Increase in Non-Oil Exports: Saudi Arabia recorded a 16.6% increase in its non-oil exports for August. The numbers were recently released, with total non-oil revenue peaking at over $7 billion. This is coming after Saudi Arabia recorded a 31% increase in its non-oil exports in the second quarter of this year. […]

Finance Blockchain & Cryptocurrency GCC Saudi Arabia

Saudi Arabia is Set to Allocate $266 Million to Supply Chain Investors

News Editor 10/11/2022 0

Saudi Arabia is Set to Allocate $266 Million to Supply Chain Investors: The Kingdom of Saudi Arabia has made another significant move to up its economic game by introducing the Supply Chain Initiative. This move aims to place the country on a new level of financial and commercial development, reinforcing its place as one of […]

NEWS DESK GCC Saudi Arabia

Faisal Bin Farhan, Saudi Arabia’s Minister of Foreign Affairs, is Set to Represent the Country at the Arab League Summit

News Editor 08/11/2022 0

Faisal Bin Farhan, Saudi Arabia’s Minister of Foreign Affairs, is Set to Represent the Country at the Arab League Summit: The Minister of Saudi Arabia’s Foreign Affairs, Faisal bin Farhan, is set to represent the country at the Arab League Summit. He will act in the place of the Kingdom’s crown prince, Mohammed bin Salman. […]

GCC NEWS DESK Saudi Arabia Tech

Saudi Arabia Begins Extensive Work on its Vertical City – The Line

News Editor 08/11/2022 0

Saudi Arabia Begins Extensive Work on its Vertical City – The Line Saudi Arabia has topped its efforts to birth a sustainable planet Earth by beginning the construction of its vertical city – the Line. The city is one of the many projects the kingdom has initiated in its climate action endeavours to achieve its […]

NEWS DESK GCC UAE

The UAE Registers Its Displeasure About Joseph Borrell, European Union’s Mission Head, Remarks

News Editor 03/11/2022 0

The United Arab Emirates has expressed complete displeasure about the acting head of mission of the European Union, Joseph Borrell, statements. The country considered the message to be racist, discriminatory, and inappropriate. The UAE has summoned Joseph Borrell for an explanation of his comments. What are the Details of Joseph Borrell’s Remarks The European Union

NEWS DESK GCC Saudi Arabia UAE

The UAE Pledges Its Support for Saudi Arabia’s Decision to Prioritize World’s Peace and Energy Stability

News Editor 03/11/2022 0

The United Arab Emirates has declared its full support for Saudi Arabia in its quest for global energy stability, security, and world peace. This news follows the bitter lash back by some countries about OPEC+’s decision to cut oil production to two million barrels daily. Why has the UAE Chosen to Stand by Saudi Arabia […]

NEWS DESK GCC Saudi Arabia

Saudi Arabia has Entered MOU Agreements Worth Over $17 Billion with South Africa

News Editor 02/11/2022 0

In an unprecedented move, the South African government and Saudi Arabia have entered into a Memorandum of Understanding valued at $17 billion. The MoU is to establish collaboration and economic partnership between both countries in line with Saudi Arabia’s vision for 2030. What are the Specifics of the MoU Agreements The President of South Africa, […]

NEWS DESK Finance GCC Saudi Arabia

Saudi Arabia to Provide $400 Million in Aid to Ukraine as a Show of Neutrality

News Editor 01/11/2022 0

Saudi Arabia recently announced its intent to provide $400 in humanitarian aid to Ukraine to mitigate the effects of the ongoing war. This support follows significant accusations in Saudi Arabia for politicizing oil production after the proposed reduction by OPEC+ members. Why Did Saudi Arabia See the Need to Provide Humanitarian Support in Ukraine The […]

Business GCC NEWS DESK Saudi Arabia

Saudi Arabia, in an Unprecedented Move, Cuts Down on its Oil Production Significantly

News Editor 26/10/2022 0

Following the OPEC+ announcement for countries to reduce oil production to two million barrels daily, Saudi Arabia has moved to cut down its oil production. This move comes a little after the President of America, Joe Biden, visited the country to request for oil production increase. What are the Specifics of the Oil Cut In a […]

GCC Health Lifestyle NEWS DESK Saudi Arabia

Saudi Arabia’s Sovereign Wealth Fund Executes First Green Bond Issuance

News Editor 19/10/2022 0

The Public Investment Fund (PIF) of Saudi Arabia has officially executed its first green bond issuance. The sovereign wealth fund announced that it raised about $3 billion from the issuance, and the proceeds will be used to fund sustainable projects. The PIF sold 100-year green bonds at a yield of about 6.7%. However, two other […]

Business Finance GCC NEWS DESK Qatar Saudi Arabia

Saudi Arabia and Qatar to Establish Joint Business Strategy

News Editor 18/10/2022 0

Days ago, the Saudi Arabian and Qatari governments reviewed a joint business strategy targeted at the private sector. Khalid Al-Falih, Saudi Arabia’s Minister of Investment, engaged members of the Saudi-Qatari Business Council on the progress made regarding establishing strong private-sector ties in both countries. The meeting was held in the headquarters of the

Finance GCC NEWS DESK Saudi Arabia

Saudi Arabia’s Planned Megacity Invests $1 Billion in the Metaverse

News Editor 14/10/2022 0

Saudi Arabia’s futuristic megacity, Neom, has announced its $1 billion ($3 billion) investment in the metaverse. The megacity’s subsidiary, Neom Tech & Digital (which has now rebranded to Tonomus), executed the investment. According to the company’s CEO, Joseph Bradley, a significant proportion of Neom would be dominated by robots and elements of the

Finance GCC NEWS DESK Saudi Arabia

Saudi Arabia Set to Invest Over $37 Billion in Gaming

News Editor 14/10/2022 0

Saudi Arabia has announced plans to invest heavily in the gaming industry. The investment will reportedly be funded through the Savvy Games Group, a company wholly owned by the Saudi Arabian Public Investment Fund (PIF). Earlier this year, the Saudi Arabian government launched the Savvy Games company as a strategy to boost the country’s presence in the […]

NEWS DESK GCC Saudi Arabia

Saudi Arabia and the Eu Are in Talks to Restore the Arab Peace Initiative

News Editor 06/10/2022 0

Earlier this week, Saudi Arabia led a meeting involving the European Union and the Arab League. The Kingdom’s Foreign Minister, Faisal bin Farhan Al Saud, and the Arab League’s Secretary General, Ahmed Aboul Gheit, called for the meeting at the 77th session of the United Nations General Assembly. The parties conducted the meeting to discuss […]