Saudi Arabia has issued a royal order approving the establishment of the Riyadh University of Arts, an independent educational institution headquartered in Riyadh under the supervision of the Ministry of Culture.
The Bahrain and Saudi Arabian Formula One Grands Prix will not take place in April as scheduled due to the ongoing situation in the Middle East region, the FIA said.
Saudi Arabia's Transport General Authority said it has mobilised a fleet of over 500,000 trucks to ensure uninterrupted freight movement and supply chain continuity across the country and the wider Gulf region, with the land transport system serving as a vital link between ports, airports and logistics zones.
Lucid Group, the maker of advanced software-defined vehicles and technologies, has announced a comprehensive financial and product strategy designed to scale its business, accelerate its path to profitability and positive free cash flow.
Expo 2030 Riyadh, the official World Expo to be hosted in Riyadh, has appointed Omnicom Media agency OMD MENA as its Lead Media Agency.
Saudi Arabia has curtailed its crude oil production by an estimated 2 million to 2.5 million barrels per day, while the UAE has reduced output by approximately 500,000 to 800,000 barrels daily, Bloomberg reported.
Iranian missile and drone attacks targeting key Gulf cities overnight caused minor damage to airports, port facilities and residential areas, with authorities across the region reporting swift interceptions and limited casualties.
Saudi Arabia's bank credit growth slowed to 0.7% month-on-month in January, below the 1.2% average expansion typically seen in the month over the past four years, said a report. Retail lending surged by 5.1% year-on-year, outpacing corporate lending, which increased 14.9% from a year earlier.
Maintaining its unrivalled position as the world’s lowest-cost hydrocarbon producer, the Kingdom is simultaneously deploying renewables, green hydrogen and carbon capture to power energy its diversification strategy.
ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer powered by sovereign wealth fund PIF, has signed the Heads of Terms to form a joint venture with Agility Logistics Parks to develop a Grade A facility over a 1 million sq m area in the kingdom.
