Saudi Arabia, Latvia ink deal to boost trade, investment

arabnews.com RIYADH: In line with its economic diversification plan, Saudi Arabia has signed a deal with Latvia to promote bilateral trade and encourage Latvian investors to explore…

Inflation in Saudi Arabia to remain at 2.8% in 2023 despite global challenges: IMF

arabnews.com RIYADH: Thanks to a strong currency and a ceiling on gasoline prices, the International Monetary Fund has kept its inflation projection for Saudi Arabia unchanged at 2.8…

Saudi transport, custom authorities collaborate to propel logistical connectivity

arabnews.com RIYADH: Saudi Arabia’s logistical connectivity is set to receive a boost as three of its government agencies signed an agreement to integrate the Kingdom’s air and sea…

Saudi Arabia’s Golf Deal Bolsters Its Geopolitical Ambitions

nytimes.com An agreement to merge LIV Golf with the PGA Tour is the latest step in the kingdom’s push to become a global force beyond oil. The shock news that the PGA Tour plans to join…

Which Energy Stock Should You Invest In: Marathon Oil (MRO) or Cheniere Energy (LNG)

entrepreneur.com After a stellar performance in 2022, the energy sector is expected to maintain its growth momentum this year. Strong energy demand worldwide and massive oil production cuts…

How to get the Evil Spirit Armor in Zelda: Tears of the Kingdom

polygon.com The Evil Spirit Armor is one of the toughest armor sets to find in The Legend of Zelda: Tears of the Kingdom, with each piece buried deep underground and locked behind two…

NIDC inks deal with Valeo Egypt to boost Kingdom’s automotive sector

arabnews.com RIYADH: In a push to localize the Kingdom’s automotive industry, Saudi Arabia’s National Industrial Development Center has inked a strategic deal with Valeo Egypt, the…

Saudi real estate fund signs deals worth $3.64bn to boost housing market

arabnews.com RIYADH: Aiming to boost Saudi Arabia’s housing market, the Kingdom’s Real Estate Development Fund inked finance agreements worth SR13.7 billion ($3.64 billion) in the first…

Donald Trump, 9/11 families, and others react to PGA-LIV merger

semafor.com The News The PGA on Tuesday announced it would merge with the controversial, Saudi-funded LIV Tour, quashing several antitrust litigations between the two. According to…

9/11 Families United Rips PGA Tour Commissioner Over Deal With LIV Golf: ‘Make No Mistake

mediaite.com An organization representing the families of those who lost loved ones in the 9/11 terror attacks condemned the PGA Tour and the Saudi-backed LIV Golf League over their…

How to beat Lynel in Zelda: Tears of the Kingdom

polygon.com The Lynel is a recurring sub-boss in the Legend of Zelda series, and can be very intimidating — especially for the uninitiated and unprepared. Not only are these centaur…

Top Saudi banks maintain profitability in Q1 despite global headwinds: Alvarez & Marsal

arabnews.com RIYADH: Saudi Arabia’s top banks have continued to register steady earnings growth while maintaining profitability despite global headwinds amid rising interest rates,…

Mawani inks deal with Saudi Post in logistics development boost

arabnews.com RIYADH: In a bid to materialize the goals outlined in Saudi Arabia’s National Transport and Logistics Strategy, Saudi Ports Authority, also known as Mawani, has entered into…

Man reveals hilarious cause of "adult content" noise complaint

newsweek.com A content creator who mystifyingly received complaints about "adult content" noises coming from his apartment prompted laughter online after revealing the unexpected source…

Saudi Arabia’s first sustainable guarantee issued to green hydrogen project at NEOM

arabnews.com RIYADH: Saudi Arabia’s green hydrogen project being developed at NEOM received the Kingdom’s first sustainable guarantee from the British bank, Standard Chartered, which…

OPEC is being ‘proactive, preemptive,’ Saudi energy minister tells CNBC

arabnews.com VIENNA: Defending the decisions made by the oil producers’ alliance, Saudi Energy Minister Prince Abdulaziz bin Salman stressed the need to “trust OPEC+” which he described…

Saudi Arabia, Egypt sign MoU to bolster bilateral trade

arabnews.com RIYADH: Bilateral trade between Saudi Arabia and Egypt is set to grow after an agreement was reached to enhance economic cooperation — with a key focus on developing the…

Saudi-British business delegations meet to bolster intra-regional trade

arabnews.com RIYADH: Intra-regional trade between Saudi Arabia and the UK is set to receive a boost as top ministers from both countries held talks in London to strengthen economic ties.…

Saudi Arabia to build commercial project worth $1bn in Baghdad

arabnews.com RIYADH: Saudi Arabia has signed a contract with Iraq to establish a commercial project worth $1 billion in Baghdad, bolstering the economic ties between the two nations,…

Oil Updates

arabnews.com RIYADH: Oil prices were up nearly $1 a barrel on Monday after Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures were…

Oil Prices Soars Following Saudi Arabia’s Plan to Cut Oil Output

coinspeaker.com Coinspeaker Oil Prices Soars Following Saudi Arabia’s Plan to Cut Oil Output The impact of Saudi Arabia’s decision to cut oil output has been immediate with oil prices…

Oil Prices Leap As Saudi Arabia Unveils Lollipop to OPEC Production Cuts

thestreet.com Global oil prices surged Monday, lifting U.S. crude to the highest levels in more than a month, after members of the OPEC cartel, along with non-member allies such as…

Stocks Mixed, Week Ahead, OPEC Cuts, Palo Alto Networks Joins S&P 500, AstraZeneca Lung Cancer Trial

thestreet.com Five things you need to know before the market opens on Monday June 5. 1. -- Stock Futures Edge Higher As Jobs Report, Debt Deal Boost Global Markets U.S. equity futures…

Saudi Arabia could deepen production cuts beyond 1 million barrels per day if Brent futures drop below $70/barrel: analyst

markets.businessinsider.com Saudi Arabia could deepen production cuts beyond 1 million barrels per day if Brent futures drop below $70/barrel: analyst. Vladimir Simieck/AFP/Getty Images OPEC+ met on…

Saudi Arabia to cut oil output in July, extend OPEC+ voluntary cut until end of 2024

arabnews.com RIYADH: Saudi Arabia will extend its voluntary cut of 500,000 bpd until the end of December 2024, in coordination with some countries participating in the OPEC+ agreement,…

Saudi Arabia, China contemplate energy security through petrochemical JVs

arabnews.com RIYADH: Saudi Arabia and China are collaborating to ensure safe energy supplies in their markets by planning to establish petrochemical joint ventures. Saudi Minister of…

PIF-owned Riyadh Air receives designator code from IATA

arabnews.com RIYADH: Marking a significant milestone for Saudi Arabia’s new world-class carrier as it prepares to start operations, Riyadh Air secured the “RX” designator code from the…

Saudi Arabia to sign deals to promote Egyptian investment in industrial, mining sectors

arabnews.com RIYADH: Saudi Arabia plans to sign two agreements with Egypt to boost the North African country’s participation in the Kingdom’s industrial and mining sectors in line with…

Saudi Arabia slashes oil production and threatens to do 'whatever is necessary' to boost prices

finance.yahoo.com Saudi Arabia has announced plans to cut its oil production by 1 million barrels per day (bpd) as the Kingdom pledged to do “whatever is necessary” to prop up sagging prices.…

Saudi Arabia to slash oil production again as OPEC+ extends supply curbs

edition.cnn.com Saudi Arabia said it would slash oil output by another one million barrels per day for at least a month starting in July as part of an effort by the OPEC+ group of leading…

Saudi Green Initiative steps up its drive against plastic pollution

arabnews.com RIYADH: As the world is getting choked by plastic pollution, the planet is set to ring in another Environment Day on June 5, focused on ending the nondegradable waste’s…

National Development Fund supports Saudi economy with $8bn financing in Q1

arabnews.com RIYADH: Saudi Arabia’s industrial sector and small and medium enterprises were among the key beneficiaries of the Kingdom’s National Development Fund which provided over…

Saudi Arabia seeks Japanese investment in fast-growing mining sector

arabnews.com RIYADH: Backed by recent reforms in the mining sector, Saudi Arabia sought the participation of Japanese firms in its massive exploration activities that aimed to attract…

Australia seeks to boost economic ties with Saudi Arabia, says envoy

arabnews.com RIYADH: Eyeing economic opportunities in Saudi Arabia and providing a platform for Australian companies to explore and deepen trade ties with the Kingdom, Trademark Group of…

OPEC+ Discussing 1 Million Bpd Output Cut

zerohedge.com OPEC+ Discussing 1 Million Bpd Output Cut Oil prices were trading up on Friday afternoon as shorts got a little nervous heading into the OPEC+ weekend, with new rumors…

Prince Fahad bin Mansour Al-Saud represents Saudi Arabia at G20-Startup20 engagement group

arabnews.com RIYADH: Prince Fahad bin Mansour Al-Saud has been chosen to represent Saudi Arabia in the G20-Startup20 engagement group, the Saudi Press Agency reported on Saturday.…

PIF’s joint venture with Ma’aden to help establish mining sector: top official

arabnews.com RIYADH: With metals and mining being identified as one of the 13 strategic sectors to focus on to achieve the goals outlined in Vision 2030, the Kingdom’s sovereign wealth…

Shared mobility speeds up in GCC as global users to cross 62m by 2027

arabnews.com DUBAI: Shared mobility is gradually gaining a foothold in the Gulf Cooperation Council region as the automobile industry predictably joins other sectors in adapting to the…

Dubai’s YallaHub gears up to expand presence in Saudi Arabia

arabnews.com CAIRO: Seeking to explore the immense growth opportunities in Saudi Arabia, Dubai-based e-commerce facilitator YallaHub launched a full-throttle expansion plan to enter the…

Tears of the Kingdom: 13 Things You Missed

youtube.com Legend of Zelda Tears of the Kingdom is finally out! Nintendo has blessed us with easter eggs galore! From Ganondorf, to areas previously seen in Breath of the Wild. There…

Al-Hilal Reveal Date To Announce Lionel Messi Signing: Reports

forbes.com Saudi giants Al-Hilal have already decided which date they intend to announce the signing of football superstar Lionel Messi, according to SPORT. The Argentine is a free…

74% of online shoppers prefer local e-commerce over cross-border platforms

arabnews.com RIYADH: Saudi Arabia’s retail sector is eyeing significant growth on the back of its e-commerce market, as 74 percent of online shoppers in the Kingdom are expected to shift…

‘Women in Tech’ competition brings Saudi female entrepreneurs to the fore

arabnews.com CAIRO: Going by the success of the “Women in Tech” competition, it is evident that female-led startups are set to revolutionize Saudi Arabia’s technology sector. The…

Saudi Arabia Has Created A Billion-Dollar Fund To Push A Clear Agenda

thestreet.com Saudi Arabia is throwing more money at sports. The Middle Eastern nation is leveraging its huge sovereign wealth fund to lure football athletes to join Christiano Ronaldo in…

Zelda: Tears of the Kingdom fan beats all four temples without Link’s paraglider

polygon.com The Legend of Zelda: Tears of the Kingdom presents an incredibly vast world for Link to explore. What’s more, there are three levels of world map — the Depths, the main…

Marriott Wants To Help Improve Your Golf Game

forbes.com More Americans are playing golf than ever before. An estimated 1 in 7 Americans played golf in 2022, according to a new report released by the American Golf Industry…

The Saudis want the US to help build a ‘nuclear Aramco’

semafor.com The Scoop Riyadh has proposed to visiting American leaders developing a joint U.S.-Saudi project to build the country’s civilian nuclear energy program, four people briefed…

How to beat Ganondorf in Zelda: Tears of the Kingdom

polygon.com No matter the year, decade, or era, one thing remains constant: Link has to fight Ganondorf at the end of a Zelda game. The Legend of Zelda: Tears of the Kingdom is no…

Saudi fintech firm secures $3.2m in seed funding

arabnews.com RIYADH: EdfaPay, a Saudi-based fintech startup that helps companies use their smartphones for payment, has raised $3.2 million in a seed funding round. The funding round was…

Saudi Central Bank grants open banking certifications to 2 fintech firms

arabnews.com RIYADH: Saudi Arabia is fostering personalized financial products and services tailored to customer needs with the Kingdom’s monetary authority, granting open banking…

EV maker Lucid Group plans to raise $3bn, mainly from Saudi PIF

arabnews.com RIYADH: Lucid Group plans to raise $3 billion through a stock offering, 66 percent of which will come from Saudi Arabia’s Public Investment Fund. The California-based EV…

Saudi Arabia in deal with Brazilian company to boost food security

arabnews.com RIYADH: The Kingdom’s sovereign wealth fund-owned Saudi Agricultural and Livestock Investment Co. and South American firm Marfrig Global Foods SA have committed to buying…

Saudi merchandise imports drop 4.9% to $49bn in Q1: GASTAT

arabnews.com RIYADH: Saudi Arabia’s merchandise imports dropped 4.9 percent to SR186.4 billion ($49 billion) in the first quarter of 2023, compared to SR196 billion recorded in the…

The 40-Year Story Of A Crude Oil Benchmark

forbes.com Amid a volatile environment for crude oil in 1983, commodity traders in New York began trading what is now the global oil price benchmark • WTI Crude Oil futures have…

PIF to buy 30% shares in Kingdom’s leading grocery chain

arabnews.com RIYADH: In a bid to expand its existing portfolio and strengthen the private sector, Saudi Arabia’s sovereign wealth fund has inked a deal to invest in Tamimi Markets Co.,…

Wallen Trading signs partnership with Renault Group to distribute cars in KSA

arabnews.com RIYADH: Wallan Trading Co., one of the leading players in the Saudi car market, signed a strategic partnership to become the official distributor of Renault Group as the…

Red Sea Global announces new sailing club to improve tourism prospects

arabnews.com RIYADH: Saudi Arabia is expected to witness a huge influx of sailors, windsurfers and tourists, with multi-project developer Red Sea Global announcing the launch of a new…

First batch of graduates pass out from KAPSARC Academy

arabnews.com RIYADH: The King Abdullah Petroleum Studies and Research Center organized a ceremony to mark the passing out of the first batch of its Public Leadership Executive Program…

How Zelda: Tears of the Kingdom players are breaking an ‘unbreakable’ game

polygon.com Link isn’t that fast, but he can sprint for short periods of time — something that’s determined by a stamina wheel that players can upgrade as they progress in The Legend of…

Number of SMEs in Saudi Arabia rises 4.8% in Q1, exceeds 1.2m

arabnews.com RIYADH: Saudi Arabia is witnessing increased entrepreneurial activity as the total number of small and medium enterprises exceeded 1.2 million in the first quarter of 2023.…