Saudi Arabia clarifies fines for foreign trucks breaking new transport law in the Kingdom
Saudi Arabia
F1 Grand Prix
Formula 1: Saudi Arabia declares school holiday for Jeddah Grand Prix 2025
The Jeddah Corniche Circuit, known as the world’s fastest street circuit, will hold the race from April 18 to 20
ceasefire
Explainer: What Putin and Trump agreed on Ukraine’s partial ceasefire – All you need to know
Energy infrastructure protected while fighting continues; Putin demands end to Western aid as Zelenskyy seeks seat at negotiating table
acquisition
Hassana acquires 40% stake in Saudi bottled water giant Berain
The strategic transaction marks the beginning of a long-term partnership between Rajhi-Invest and Hassana
alternative investment
Saudi Arabia’s Gulf Islamic Investments aims to double $750mn US portfolio in four years
The company’s expansion aims to focus on new investments in the US logistics, education, and food production and processing sectors
ceasefire
Russia-Ukraine war: Putin agrees to energy infrastructure ceasefire after Trump call
Russian President accepts partial truce halting attacks on energy facilities for 30 days, but refuses to back wider ceasefire proposal
National Center of Meteorology
Saudi Arabia braces for 5-day thunderstorm, NCM issues alert across multiple regions
Saudi Arabia’s NCM warns of moderate to heavy thunderstorms, flash floods, and hail across most regions, including Makkah, Madinah, and Asir, from Wednesday to Sunday
BNPL
Checkout.com, Tabby in partnership to boost BNPL adoption for merchants in UAE, Saudi Arabia
As part of the agreement, Checkout.com has already integrated Tabby’s innovative Buy Now, Pay Later (BNPL) solutions into its platform
Saudi Arabia
S&P Global raises Saudi Arabia’s ratings to ‘A+’ with stable outlook
Ongoing social and economic transformation underpinned by improving governance effectiveness and institutional settings and deepening domestic capital markets
Desert Rock
Inside the ‘camouflaged’ Desert Rock Resort: Saudi Red Sea destination draws global tourists at $3,200 per night
Saudi Arabia’s newest ultra-luxury mountain hideaway attracts international visitors off the beaten path with premium rates and invisible architecture
Madinah
Saudi Arabia religious tourism surges 55% as Makkah, Madinah flights soar: Skyscanner
Madinah has become a focal point for pilgrimage travel, with searches for flights to Prince Mohammad bin Abdulaziz International Airport rising by 54 percent year-on-year
Saudi Arabia
Saudi bank credit crosses SAR3 trillion in January 2025
On a monthly basis, Saudi bank credit recorded a 2 percent increase, rising by SAR50,395 million from December 2024
Aviation
Riyadh Air eyes strategic partnerships with Air India, IndiGo for India operations
Riyadh Air CEO Tony Douglas leads a delegation to India for partnership discussions with Indian airlines
LED lighting
Asheil Lighting to build advanced manufacturing hub in Saudi Arabia’s Shaqraa Industrial City
The new facility will strengthen Saudi Arabia’s position as a regional leader in advanced lighting production, reducing the Kingdom’s dependence on imports
economic diversification
Middle East trading volumes surge as regional fintech and market access expands
For companies offering trading in multiple types of assets, 2024 brought more opportunities as new companies listed on regional stock exchanges
Jeddah
Saudi Arabia celebrates Flag Day featuring iconic 172m tall Jeddah flagpole
Saudi flag soaring atop Jeddah’s tallest flagpole, symbolizing monotheism, justice, and strength
Saudi Arabia
Saudi Space Agency signs MoU with Korea to boost space sector sooperation
The MoU between Saudi Space Agency and Korea Aerospace Administration to support deep space tech, satellite launches, and space science
