Saudi Arabia

Business GCC Saudi Arabia

Saudi delegation highlights Kingdom’s evolving global growth story at World Economic Forum

Middle East News 247 23/01/2023

Davos-Switzerland — Saudi Arabia’s smart city NEOM offers a new model for environmentally-friendly and sustainable urban design, both for the Kingdom and the world, Saudi’s Climate Envoy told the World Economic Forum (WEF) today. During a panel session titled ‘The Evolution of Urban Life’, His

Business GCC Saudi Arabia

This Year, Saudi Arabia Is Set To Surpass India As The Fastest-Growing Major Economy

News Editor 21/01/2023

India is projected to lose its status as the world’s fastest-growing major economy this year. The Indian Ministry of Statistics and Program Implementation projects that Saudi Arabia’s GDP will develop at a quicker pace than India’s, at 7.6 percent per year, thanks to the continued boost provided by increased earnings from higher energy prices. With growth

Business GCC Saudi Arabia

Under The New Tech House Initiative, Saudi Startups Hope To Work More Closely With Pakistan

News Editor 20/01/2023

Following the announcement of plans to form a joint technology house, Saudi startups at Pakistan’s largest tech conference are looking toward future collaboration with the South Asian nation. About 50,000 people, including representatives from 500 companies and 200 exhibitors from more than thirty countries (including a delegation from Saudi Arabia), attended Future

Business GCC Saudi Arabia

Simone Inzaghi: “Thank you Saudi Arabia for hosting the Italian Super Cup match”… Stefano Pioli: “We must work better to raise the bar”

Middle East News 247 20/01/2023

Riyadh, Saudi Arabia — A press conference was held after the Italian Super Cup last night, between AC Milan and Inter Milan, staged at King Fahd Stadium in Riyadh at 10:00pm (local time), brought by Saudi Ministry of Sport as part of the sporting events in Diriyah’s 2nd Season. Inter Milan coach Simone Inzaghi thanked […]

Tech

Exhibition In Riyadh Features Rare And Ancient Islamic And Arabic Texts

News Editor 19/01/2023

The theological, historical, scientific, and philosophical insights contained in the ancient manuscripts housed at the King Faisal Center for Research and Islamic Studies are invaluable to those seeking to understand the region’s rich past. Librarians, archivists, and curators still pore over these handwritten documents, many of which are elegantly ornamented by

Business GCC UAE

Sheikh Mohammed Reveals Dubai’s 10-Year Growth Strategy

News Editor 19/01/2023

Dubai’s Sheikh Mohammed bin Rashid has launched a strategy to make the city one of the top 10 economic powerhouses in the world within the next decade. More than a hundred projects totalling billions of dirhams are part of the Dubai Economic Agenda (D33), according to the Vice President and Ruler of Dubai. One major objective is […]

Business

Inter Milan crowned with Italian Super Cup after a 3-0 win over arch-rivals AC Milan

Middle East News 247 19/01/2023

Riyadh, Saudi Arabia — In front of a crowd over 50,000 at King Fahd International Stadium, the Italian cup holders “Inter Milan” defeated the reigning Serie A champions AC Milan 3-0 to lift the third showpiece final to be played in the Kingdom. His Excellency the Deputy Minister of Sports, Mr. Badr bin Abdulrahman Al-Qadi, […]

Business GCC Saudi Arabia

Saudi Arabia is creating a global model for economic resilience and collaboration

Middle East News 247 19/01/2023

Davos-Switzerland. — The rapid economic transformation of Saudi Arabia and its global role in bringing near-term stability while driving long-term transformation was the subject of a high-level panel on the third day of the World Economic Forum at Davos. The session, titled “Saudi Arabia’s Transformation in a Changing Global Context”, featured four speakers from the

Hospitality GCC Saudi Arabia

Saudi Hospital Performs Youngest Heart Transplant In The Middle East

News Editor 18/01/2023

Two consecutive heart transplants were done on children in less than 24 hours by the pediatric cardiac surgery team in Riyad at King Faisal Specialist Hospital and Research Centre. Two infant girls, one from the United Arab Emirates, aged under eight months, and the other from Saudi Arabia, aged 19 months, were in severe condition before […]

Business GCC Saudi Arabia

Saudi Arabia to host Italian Super Cup between Inter Milan and AC Milan tomorrow

Middle East News 247 18/01/2023

Riyadh, Saudi Arabia — Riyadh, the capital of Saudi Arabia, will host tomorrow at 10:00pm (local time) The Italian Super Cup match between league champions AC Milan and cup winners Inter Milan, at Riyadh’s King Fahd Stadium, brought by Ministry of Sport as part of the sporting events in Diriyah’s 2nd Season. The long-awaited tournament […]

Business GCC Saudi Arabia

Saudi, WEF launch innovation accelerator, explore collaborations in global metaverse village

Middle East News 247 18/01/2023

Davos, Switzerland — A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting. His Highness Prince Faisal Bin Farhan Al Saud, Minister of Foreign Affairs, Her Royal Highness Princess Reema bint Bandar Al Saud, Ambassador to the United States of America, His […]

Business

Barcelona crowned Spanish Super Cup champions in Riyadh

Middle East News 247 16/01/2023

Riyadh, Saudi Arabia — Barcelona won the Spanish Super Cup title on Sunday in a historic match in Riyadh. The Catalan club defeated defending champions Real Madrid 3-1 at King Fahd International Stadium in Riyadh, the capital of Saudi Arabia. Barcelona opened the scoring through Gavi in the 33rd minute, then Lewandowski doubled Barca’s lead […]

Business

Barcelona to face Real Madrid in final of Spanish Super Cup

Middle East News 247 16/01/2023

Riyadh, Saudi Arabia — Barcelona made a spectacular victory over Real Betis after 2-2 draw and over penalties, at King Fahd International Stadium in Riyadh yesterday, in the second semi-final of the Spanish Super Cup. A tournament which is brought by Ministry of Sport for the third consecutive time as part of the sporting events […]

NEWS DESK

As Of the 1st of January, Failing To Meet Emiratization Targets Will Result In Penalties For Private Sector Companies

News Editor 13/01/2023

The Emirates’ Ministry of Human Resources and Emiratisation has demanded that private sector companies hire a certain number of Emiratis before the 1st of January, 2023, or face annual fines of $20,000 (AED72,000). Companies with more than 50 workers must have at least 2% of their workforce being Emirati. This action conforms with the

Business

Celularity and CH Trading Group Announce Territory Distribution Agreement for the Middle East

Middle East News 247 13/01/2023

FLORHAM PARK, N.J. & RIYADH, Saudi Arabia & JEDDAH, Saudi Arabia — Celularity Inc. (Nasdaq: CELU) (“Celularity”), a U.S.-based biotechnology company developing placental-derived allogenic cell therapies and biomaterial products, and CH Trading Group LLC (“CH Trading Group”), an international import, export and trading company, today announced that they have entered

Business

Real Madrid beat Valencia to reach Spanish Super Cup final

Middle East News 247 13/01/2023

Riyadh, Saudi Arabia — After a back-and-forth battle with 1-1 draw, Real Madrid beat Valencia yesterday on penalties and booked their place in the final of the Spanish Super Cup, at King Fahd International Stadium in Riyadh. A tournament which is brought by Ministry of Sport as part of the sporting events in 2nd Diriyah […]

NEWS DESK

Green Riyadh Project Launches Tree-Planting Initiative

News Editor 12/01/2023

On Tuesday, the Green Riyadh initiative announced the beginning of tree planting in residential districts, a key component of the program that seeks to increase green space in the city. Initiated by Crown Prince Mohammed bin Salman, it is one of four megaprojects in Riyadh that King Salman has launched. The program’s goal is to plant trees […]

Business

Hajj Expo 2023 Kicks Off, under the Patronage of Makkah Governor

Middle East News 247 12/01/2023

Jeddah, Saudi Arabia — H.R.H Prince Khaled Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah Region, and H.R.H Prince Faisal bin Salman bin Abdulaziz Al Saud, Governor, Madinah Province inaugurated the 2023 conference and exhibition on Hajj and Umrah ‘Hajj Expo’. Held in Jeddah, the second edition of Hajj […]

Business GCC Saudi Arabia

Saudi Arabia participates in the World Economic Forum 2023 Annual Meeting with high-level delegation

Middle East News 247 12/01/2023

Riyadh, Saudi Arabia — A high-level delegation from the Kingdom of Saudi Arabia is set to participate in the World Economic Forum (WEF) Annual Meeting 2023 in Davos, Switzerland, to enhance international cooperation and design joint solutions to today’s geopolitical, social, economic, and human development challenges. Returning to its regular winter format after the first

Sport

Spanish Super Cup to kick-off tomorrow in Riyadh

Middle East News 247 11/01/2023

Riyadh, Saudi Arabia: Riyadh, the capital of Saudi Arabia, will host tomorrow the 2023 Spanish Super Cup for third time. The four teams (Real Madrid, Barcelona, Valencia, and Real Betis) will take part in the tournament, set to run from January 11 to 15, 2023 at Riyadh’s King Fahd Stadium, brought by Ministry of Sport as […]