Search results for "saudi arabia"

NEOM: A $500 Billion smart-city to be built in Saudi Arabia

As part of Crown Prince Mohammed bin Salman’s Vision 2030 plan to transform the Kingdom for a post-hydrocarbon age, a project entitled NEOM is currently being developed in Tabuk, in northwestern Saudi Arabia. On August 23, Saudi Energy Minister Abdul Aziz bin Salman said that his Ministry is ready to offer assistance to NEOM – […]

eSIM STC has launched in Saudi Arabia – a milestone achievement

eSIM STC has launched in Saudi Arabia for the first time. This is a great step in the transformation of smartphone use, after acquiring international accreditation for the roll out, and marks an essential milestone in Saudi telecom. The national eSim platform is capable of providing services to all network operators, mobile and virtual, throughout […]

The Next Arabian Renaissance is Here

Riyadh Expo 2030 Announced I’m a westerner and I spent seven years of the previous decade in the United Arab Emirates. The news of Riyadh winning the bid to host World Expo 2030 came as no surprise at all. The volume and speed of societal progress recently has been barely comprehensible in the Kingdom and […]

Saudi Foundation Invests $1 Billion a Year in Human Longevity

For years, the conversation about global population has been about our impending inability to feed ourselves, because there’ll be too many of us. Then the narrative changed to the reverse; a population implosion and the average age of humankind reaching into the non-productive 60’s. These have been the headline grabbers. And they’ve been legitimate, too. […]

Top Iranian, Saudi Envoys Meet in China in Restoration of Diplomatic Ties

The foreign ministers of Iran and Saudi Arabia met in Beijing on Thursday for the first formal gathering of their top diplomats in more than seven years, after China brokered a deal to restore relations between the top regional powers. After years of hostility that fuelled conflicts across the Middle East, Iran and Saudi Arabia […]

Saudi Aramco Reports record profit of $161.1 billion in 2022

Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved margins for refined products. The profits, which are around triple that of Exxon’s $56 billion, follow similar reports in February from international […]

China’s Xi on ‘Epoch-Making’ Visit to Saudi as Riyadh Chafes at U.S. Censure

Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a long-standing partnership with the West. The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi ties with Washington are strained […]