RIYADH — Saudi Arabia imported approximately 1.9 million vehicles over the last two years, with China emerging as one of the leading suppliers to the Saudi automotive market. These developments coincide with the country’s ongoing efforts to enhance the value of its local supply chain and reduce dependence on vehicle imports, according to Al-Arabiya.net report. The Saudi Zakat, Tax and Customs Authority (ZATCA) data showed that vehicle imports to Saudi Arabia reached around 959,403 units by 2025, further expanding the Kingdom’s already substantial automotive market, which ranks among the largest globally. The data also revealed that vehicle imports to Saudi…
Author: Editorial Team
On the occasion of World Food Safety Day, Nestlé Saudi Arabia collaborated with the Saudi Authority for Industrial Cities and Technology Zones (MODON) on an awareness initiative hosted at the company’s factory in Jeddah’s Third Industrial City. The initiative aimed to promote food safety concepts and raise awareness of safe and responsible manufacturing practices among employees working in factories and production facilities. The initiative brought together more than 80 participants, including 25 representatives from food manufacturing facilities, reflecting the importance of knowledge-sharing and the exchange of expertise across the sector. It also underscored the value of public-private sector collaboration in…
The Literature, Publishing, and Translation Commission concluded the Kingdom of Saudi Arabia’s participation as guest of honor at the 2026 Kuala Lumpur International Book Fair, held from May 29 to June 7 at the World Trade Centre in Kuala Lumpur, amid broad cultural and media engagement and strong visitor turnout, particularly among those interested in cultural and knowledge affairs. Through its pavilion, led by the commission, Saudi Arabia presented an integrated cultural showcase combining literature, arts, heritage, and knowledge. The diverse program included literary and cultural seminars, alongside artistic and performance displays, traditional crafts, heritage fashion, rare manuscripts, and replica artifacts.…
NAJRAN — Najran police arrested 12 expatriates on charges of engaging in prostitution in a residential apartment in the city. The arrests were made in a security operation held in coordination with the General Directorate for Communal Security and Combating Human Trafficking. The Public Security said in a statement on Sunday that legal procedures were completed against the suspects and they were referred to the Public Prosecution for further action. Source: Saudi Gazette
LONDON — Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada, founder and CEO of KBW Ventures, and President of the Saudi Sports for All Federation, outlined his vision for the future of cities, technology and public health during a fireside chat at SXSW London 2026. Speaking during a session titled “A Future Worth Building,” Prince Khaled discussed how urban development, artificial intelligence and long-term investment are reshaping communities around the world. He highlighted Arada’s rapid growth since its launch in 2017, noting that the developer now has an existing and planned portfolio of more than…
In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, the participating countries decided to: Reaffirm the Framework of the Declaration of Cooperation, signed on December 10, 2016 and further endorsed in subsequent meetings. Reaffirm the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC as agreed in the 38th OPEC and non-OPEC Ministerial Meeting until December 31, 2026. Reaffirm the mandate of the Joint Ministerial Monitoring Committee (JMMC) to closely review global oil market conditions, oil production levels, and…
WASHINGTON — US President Donald Trump said the United States will ensure the destruction of Iran’s enriched uranium stockpile regardless of whether a diplomatic agreement is reached with Tehran. In an interview with NBC News aired Sunday, Trump said Washington would either remove and destroy the material as part of an agreement or take military action if negotiations fail. “We’ll take it out and destroy it, whether it’s on-site or whether we take it off-site,” Trump said. He added that the United States would act “with them, or without them.” Trump warned that if no agreement is reached, the US…
RIYADH — Seven OPEC+ countries have agreed to increase their combined crude oil output targets by 188,000 barrels per day (bpd) in July. This is the same as the June hike, which was adjusted down from monthly increases of 206,000 bpd in May and April to take into account the UAE exit. The decision was taken by the countries—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—during their virtual meeting held on Sunday to review global market conditions and outlook. This increase marks the fourth monthly quota hike under the group’s phased unwinding of voluntary supply cuts, though the physical…
PIF and Talaat Moustafa Group Saudi for Real Estate Development (TMG), today announced the signing of a Memorandum of Understanding (MoU), to explore opportunities, cooperate and collaborate in mixed-use real estate projects at developments owned by PIF and its projects across Saudi Arabia. By leveraging PIF’s extensive investment capabilities, scale, and ecosystem, alongside TMG’s track record in delivering integrated mixed used developments, the parties aim to unlock opportunities across the residential, commercial, hospitality, and retail sectors, as well as integrated urban environments. The MoU would further accelerate project delivery and value creation for PIF and its projects. TMG brings extensive…
Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced the successful conclusion of its integrated participation in Saudi eLeague 2026 (SEL 2026), including the Championship Festival Finals held in Riyadh and the Yalla Saudi eLeague Women 2026 presented by Yalla Group. As the Official Event Partner of SEL 2026 and Presenting Partner of Yalla Saudi eLeague Women 2026, Yalla Group played an active role throughout the season, reinforcing its long-term commitment to supporting the growth of esports, gaming communities and digital entertainment ecosystems across…