Growth in the non-oil private sectors of GCC economies accelerated in August, with output and new orders increasing at a faster pace and supplier delivery times improving, despite continued geopolitical uncertainty, according to top ratings agency S&P Global.
Saudi Arabia’s General Authority of Civil Aviation (GACA) has advanced a series of aviation sector partnerships and agreements, including new MoUs with European air navigation organisations and an economic licence for air cargo handling at AlUla International Airport.
The second edition of the Saudi Industry Forum (SIF) has hosted a series of workshops exploring digital transformation, emerging technologies and sustainable innovation.
Saudi Arabia said its air defences intercepted and destroyed a Houthi drone south of Makkah before it could enter the prohibited airspace over the holy city, as the Kingdom faced a widening campaign of attacks by the Iran-aligned Yemeni group.
Saudi Arabia’s innovation agenda is entering a new phase, with the focus shifting beyond technology manufacturing and adoption towards greater investment in R&D, the development of homegrown innovations and technologies, stronger control over intellectual property creation, says Ahmad Saleh, Partner and Head of Innovation, Patents & Industrial Property at Al Tamimi & Company.
Jayasom has opened its Jayasom Wellness Resort, AMAALA, on Saudi Arabia’s Red Sea coast, introducing a luxury integrative wellness destination focused on personalised programmes for long-term health and wellbeing.
Saudi Arabia has identified an estimated 114 million tonnes of ore containing high concentrations of rare earth elements and promising uranium deposits at the Jabal Sayid project in the Madinah region, Energy Minister Prince Abdulaziz bin Salman announced at the 70th General Conference of the International Atomic Energy Agency (IAEA) in Vienna.
Oil prices rose further on Tuesday as renewed Houthi attacks on Saudi Arabia added to growing concerns over energy supplies, with Brent crude gaining $1.58 to $107.30 a barrel and US West Texas Intermediate (WTI) rising $1.64 to $103.
Saudi Arabia is ramping up investment in artificial intelligence and digital infrastructure, led by its wealth fund PIF as the country seeks to attract technology capital and build domestic AI capabilities. The kingdom ranked first globally in digital governance and cybersecurity indicators, and third in AI models.
Buraidah (Al-An'am) Livestock City, one of Saudi Arabia's prominent hubs for livestock trading, is attracting sellers and buyers from across the kingdom.
