- July 31st, 2025
The Middle East’s leading broadcaster, MBC Group, saw a remarkable surge of 10% in its stock price on the Saudi Exchange after it was announced that the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, will purchase a majority...
In a move signaling Saudi Arabia’s accelerating drive towards agricultural self-sufficiency, the Saudi Agricultural & Livestock Investment Co. (Salic) is closing in on a deal to acquire full control of Olam Agri Holdings. The transaction, valued at approximately $4 billion,...
Saudi Arabia and Spain have officially signed an agreement for the construction of three state-of-the-art multi-mission corvette ships, designed to enhance the operational capacities of the Royal Saudi Naval Forces (RSNF). The agreement was formalized in Madrid by Lieutenant General...
In a significant development for Middle Eastern military dynamics, Saudi Arabia is reportedly accelerating efforts to acquire hypersonic missile technology to keep pace with regional adversary Iran. Recent reports indicate that Saudi officials have initiated discussions with Russia to explore...
Saudi Arabia issued a strong statement on Saturday condemning recent military actions targeting Iran, describing the incident as a direct violation of Iranian sovereignty and an infringement upon established international laws and norms. The Kingdom’s official stance underscores its unwavering...
Saudi Arabia and Iran, two Middle Eastern nations with a longstanding adversarial history, joined forces for military exercises in the Gulf of Oman. This unprecedented collaboration marks a significant shift following years of political and sectarian rifts, and it signals...
In a major move to enhance its defense capabilities, the Saudi Ministry of Defense announced the acquisition of six cutting-edge air defense systems. These systems, procured from several countries, are designed to counter the increasingly sophisticated threats posed by ballistic...
China’s ambassador to Saudi Arabia, Chang Hua, emphasized Beijing's commitment to deepening its strategic partnership with the Kingdom of Saudi Arabia. The ambassador highlighted that China is particularly keen on expanding cooperation in electric vehicle production and various other industries....
Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah made an impassioned call for reform at the United Nations (UN), citing the institution’s failure to adequately address the ongoing Gaza-Israel conflict and the broader issues facing the Palestinian people. Speaking...
Since its unveiling in 2017, Saudi Arabia's NEOM project has been a hot topic of both excitement and controversy. With its ambitious goals, eye-popping digital concept designs, and claims of ushering in a futuristic way of life, the city has...
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