China Deepens Financial Ties with Saudi Arabia, Could Threaten U.S. DominanceChina plans to issue 14 billion yuan in bonds in Saudi Arabia, deepening financial ties and potentially challenging U.S. influence.
Saudi Defense Minister Visits South Korea – Strengthening Ties and Checking Out Military GearSouth Korean President Yoon Suk Yeol met Saudi Defense Minister Abdullah bin Bandar to discuss enhancing defense cooperation.
Google’s AI Push in Oil-Rich Saudi Arabia Sparks Climate ConcernsGoogle will establish an AI data center in Saudi Arabia to create Arabic AI models, raising environmental concerns.
Saudi Arabia Proposes Naval Drills with Iran as Middle East Conflict LoomsSaudi Arabia proposes joint naval exercises with Iran in the Red Sea amid rising tensions, signaling a shift in regional dynamics.
Skiing in the Desert? Inside Saudi's Futuristic Ski Destination in Neom CityBy 2027, a ski resort in Neom City, Saudi Arabia, will feature 36 km of slopes, sustainable snowmaking, and luxury amenities.
Saudi Arabia's Vision 2030 Budget Slashed—41% Drop in Project Contracts RevealedSaudi Arabia's Vision 2030 real estate projects, now valued at $1.3 trillion, saw a 41% drop in new contracts this year.
Saudi Arabia's Olympic Gold Medal Prize Money Could Be 'Beyond Measure'Although Hong Kong offers the highest prize money, Saudi Arabia, known for its oil money, is said to provide greater rewards overall.
Saudi Crown Prince's Dream City Faces Financial HurdlesThe Saudi Arabian government will significantly cut the budget for the Neom project, Crown Prince Mohammed bin Salman's key initiative.
Heat and Crowds Turn Deadly for Jordanian Pilgrims in Saudi ArabiaFourteen Jordanian citizens have died during the annual pilgrimage (Hajj) to Mecca and Medina in Saudi Arabia. According to a report by Jordan’s state-owned news agency PETRA on June 16, the Jordanian Ministry of Foreign Affairs Consulate announced that 14 of its citizens had died during the Hajj, and 17 are missing. The circumstances surrounding […]
Saudi Arabia Chooses Chinese Yuan Over US Dollar: Global Markets ReactReports from industry sources reveal that the Petrodollar agreement between Saudi Arabia and the United States expired on the 9th.
U.S. and Saudi Arabia Near Major Security Deal Amid Middle East TensionsOn the 19th (local time), U.S. National Security Advisor Jake Sullivan and Saudi Arabia’s Crown Prince Mohammed bin Salman met in Dammam, Saudi Arabia, to discuss strengthening cooperation in various areas, including a broad security agreement between the two countries. The Saudi state-run SPA news agency reported that during the meeting, Sullivan and Crown Prince […]
Saudi Aramco's CEO: Global Energy Goals Need China's Low-Cost Green TechAs concerns escalated about a second China shock, with China exporting products like solar panels and electric vehicles at bargain prices to countries worldwide, including the U.S. and Europe, Saudi Arabia surprisingly defended China. According to the Financial Times (FT), on the 22nd (local time), Amin Nasser, CEO of Saudi Aramco, the state-owned oil company […]
Saudi Aramco's Top Boss Backs China in Energy Dumping ControversyThe world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
United States: 'We Will Continue to Support Israel's Defense'Secretary Blinken: “We don’t want things to escalate.” U.S. Secretary of State Antony Blinken conveyed his stance to prevent escalation into a fifth Middle East war amid escalating tensions between Iran and Israel. According to the Department of State, on the 14th (local time), Secretary Blinken emphasized in a call with Minister of Foreign Affairs […]
China Surges Ahead as Saudi Arabia's Top Greenfield InvestorChina emerges as the largest greenfield investor China emerged as Saudi Arabia’s largest greenfield investment country last year. This signifies a deepening relationship between the two nations. According to the Institute for International Economic Policy, on the 10th, China invested $16.8 billion in Saudi Arabia last year, securing its position as a major greenfield foreign […]
Saudi Arabia's Futuristic City Dream Faces Reality CheckThe Saudi Arabian government is expected to slow down the development of the Neom City project, a key initiative of Crown Prince Mohammed bin Salman. This has diminished expectations for a construction boom in our industry. Bloomberg reported on the 8th, citing sources, “Saudi Arabia has scaled back the midterm goals for Neom City, the […]
Saudi Arabia's Ambitious Shift Towards Automated ManufacturingSaudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
Saudi Arabia Unleashes $40 Billion Blitz in Global AI RaceSaudi Arabia plans to invest approximately $40 billion in the artificial intelligence (AI) industry. Major governments worldwide are racing to increase their investments to gain an edge in AI supremacy. According to the New York Times and other sources, on the 20th, Saudi Arabia plans to establish a $40 billion fund to invest in AI. […]
Presidential Scandal? Yoon's Saudi Trip Includes Suspected Crypto ConmanThe head of a cryptocurrency company under fraud investigation joined President Yoon Seok-yeol's Saudi Arabia visit, sparking controversy.
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China Deepens Financial Ties with Saudi Arabia, Could Threaten U.S. Dominance China plans to issue 14 billion yuan in bonds in Saudi Arabia, deepening financial ties and potentially challenging U.S. influence.
Saudi Defense Minister Visits South Korea – Strengthening Ties and Checking Out Military Gear South Korean President Yoon Suk Yeol met Saudi Defense Minister Abdullah bin Bandar to discuss enhancing defense cooperation.
Google’s AI Push in Oil-Rich Saudi Arabia Sparks Climate Concerns Google will establish an AI data center in Saudi Arabia to create Arabic AI models, raising environmental concerns.
Saudi Arabia Proposes Naval Drills with Iran as Middle East Conflict Looms Saudi Arabia proposes joint naval exercises with Iran in the Red Sea amid rising tensions, signaling a shift in regional dynamics.
Skiing in the Desert? Inside Saudi's Futuristic Ski Destination in Neom City By 2027, a ski resort in Neom City, Saudi Arabia, will feature 36 km of slopes, sustainable snowmaking, and luxury amenities.
Saudi Arabia's Vision 2030 Budget Slashed—41% Drop in Project Contracts Revealed Saudi Arabia's Vision 2030 real estate projects, now valued at $1.3 trillion, saw a 41% drop in new contracts this year.
Saudi Arabia's Olympic Gold Medal Prize Money Could Be 'Beyond Measure' Although Hong Kong offers the highest prize money, Saudi Arabia, known for its oil money, is said to provide greater rewards overall.
Saudi Crown Prince's Dream City Faces Financial Hurdles The Saudi Arabian government will significantly cut the budget for the Neom project, Crown Prince Mohammed bin Salman's key initiative.
Heat and Crowds Turn Deadly for Jordanian Pilgrims in Saudi Arabia Fourteen Jordanian citizens have died during the annual pilgrimage (Hajj) to Mecca and Medina in Saudi Arabia. According to a report by Jordan’s state-owned news agency PETRA on June 16, the Jordanian Ministry of Foreign Affairs Consulate announced that 14 of its citizens had died during the Hajj, and 17 are missing. The circumstances surrounding […]
Saudi Arabia Chooses Chinese Yuan Over US Dollar: Global Markets React Reports from industry sources reveal that the Petrodollar agreement between Saudi Arabia and the United States expired on the 9th.
U.S. and Saudi Arabia Near Major Security Deal Amid Middle East Tensions On the 19th (local time), U.S. National Security Advisor Jake Sullivan and Saudi Arabia’s Crown Prince Mohammed bin Salman met in Dammam, Saudi Arabia, to discuss strengthening cooperation in various areas, including a broad security agreement between the two countries. The Saudi state-run SPA news agency reported that during the meeting, Sullivan and Crown Prince […]
Saudi Aramco's CEO: Global Energy Goals Need China's Low-Cost Green Tech As concerns escalated about a second China shock, with China exporting products like solar panels and electric vehicles at bargain prices to countries worldwide, including the U.S. and Europe, Saudi Arabia surprisingly defended China. According to the Financial Times (FT), on the 22nd (local time), Amin Nasser, CEO of Saudi Aramco, the state-owned oil company […]
Saudi Aramco's Top Boss Backs China in Energy Dumping Controversy The world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
United States: 'We Will Continue to Support Israel's Defense' Secretary Blinken: “We don’t want things to escalate.” U.S. Secretary of State Antony Blinken conveyed his stance to prevent escalation into a fifth Middle East war amid escalating tensions between Iran and Israel. According to the Department of State, on the 14th (local time), Secretary Blinken emphasized in a call with Minister of Foreign Affairs […]
China Surges Ahead as Saudi Arabia's Top Greenfield Investor China emerges as the largest greenfield investor China emerged as Saudi Arabia’s largest greenfield investment country last year. This signifies a deepening relationship between the two nations. According to the Institute for International Economic Policy, on the 10th, China invested $16.8 billion in Saudi Arabia last year, securing its position as a major greenfield foreign […]
Saudi Arabia's Futuristic City Dream Faces Reality Check The Saudi Arabian government is expected to slow down the development of the Neom City project, a key initiative of Crown Prince Mohammed bin Salman. This has diminished expectations for a construction boom in our industry. Bloomberg reported on the 8th, citing sources, “Saudi Arabia has scaled back the midterm goals for Neom City, the […]
Saudi Arabia's Ambitious Shift Towards Automated Manufacturing Saudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
Saudi Arabia Unleashes $40 Billion Blitz in Global AI Race Saudi Arabia plans to invest approximately $40 billion in the artificial intelligence (AI) industry. Major governments worldwide are racing to increase their investments to gain an edge in AI supremacy. According to the New York Times and other sources, on the 20th, Saudi Arabia plans to establish a $40 billion fund to invest in AI. […]
Presidential Scandal? Yoon's Saudi Trip Includes Suspected Crypto Conman The head of a cryptocurrency company under fraud investigation joined President Yoon Seok-yeol's Saudi Arabia visit, sparking controversy.
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