Ukraine Dispatches Team to Saudi Arabia for Discussions on Security Assurances
Ukrainian Diplomatic Efforts in Saudi Arabia This week, a Ukrainian delegation traveled to Riyadh, where they met with officials, including Andriy Yermack, the Director of the Ukrainian Presidential Office. Their discussions, focusing on “security assurances,” took place on Wednesday. Ukraine is currently engaged in intense discussions with European nations, the United States, and other allies, […]
Saudi Arabia limits foreign ownership in public companies to 49%: Only six categories of investors are eligible
New Foreign Investment Regulations in Saudi Arabia The Capital Markets Authority (CMA) of Saudi Arabia has unveiled updated regulations concerning foreign investments in publicly traded securities. These new guidelines aim to clarify ownership limits and define who is eligible to invest. This initiative is part of a larger plan to reform and open up capital […]
Over 130 Saudi Investors Arrive in Syria, Finalizing $6 Billion in Agreements
Saudi Business Delegation Visits Syria with Investment Plans A significant group of Saudi businessmen, led by Investment Minister Khalid Bin Abdulaziz Al-Falih, visited Damascus, Syria, on Wednesday. Their forum reportedly generated commitments exceeding $6 billion aimed at rebuilding the war-torn nation. The state-run Syrian Arab News Agency reported that President Ahmed Alshara welcomed over 130 […]
Saudi Arabia’s ‘Sleeping Prince’ Passes Away at 36 After Two Decades in a Coma
Al Wald bin Khaled bin Talal bin Abdulaziz al Saud, often referred to as the “sleeping prince” of Saudi Arabia, died on Saturday at the age of 36 after spending two decades in a coma. He was born on April 18, 1989, and was in a coma since 2005 following a car accident in London […]
Trump ends Syria sanctions following discussion with former Al-Qaeda fighter president in Saudi Arabia
US Lifts Sanctions on Syria Following Trump’s Commitment In a significant political move, President Trump granted approval on Monday to lift long-standing US sanctions on Syria, fulfilling a promise he made during his visit to Saudi Arabia last month. During their meeting on May 14, Trump, 79, explained to 42-year-old Syrian President Ahmed Al-Shara that […]
Saudi King Offers Free Trip to Mecca for Families of Palestinian Terrorists
Saudi King Salman bin Abdulaziz al-Saud has reportedly funded a trip for 1,000 Palestinian relatives of individuals labeled as martyrs, prisoners, and the injured to embark on a pilgrimage to Mecca. This information was shared by official Palestinian news outlets, citing Palestinian Media Watch: With US President Donald Trump’s “Abraham Accord” in mind, there has […]
WWE keeping an eye on the situation in Iran with two events planned in Saudi Arabia next weekend
The recent airstrikes by the US on Iran have stirred up some questions regarding the upcoming WWE Night of Champions event. With events planned for Friday and Saturday in Saudi Arabia, the Night of Champions Premium Live Event is set to take place over two consecutive days in Smackdown and Riyadh. WWE officials are actively […]
Updates to credit card policies: complimentary e-wallet reloads, reduced fees – Changes for Saudi customers
The recent changes align with SAMA’s commitment to advancing digital payments and are part of the Saudi Arabia Vision 2030 initiative. Key Aspects of the New Credit Card Regulations: Cash withdrawal fee: Limited to 3% for amounts under SAR 2,500, with a maximum of SAR 75 for withdrawals of SAR 2,500 or more. International transactions: […]
Saudi Arabia Observes the Iran-Israel Conflict Anxiously, Yet Maintains Distance for the Time Being
According to Saudi international relations expert Dr. Salem Aliyami, the Saudi news network Al Arabia reported on Wednesday that the kingdom’s key diplomatic focus is managing the escalating conflict between Iran and Israel to prevent wider destabilization in the Middle East. Interestingly, Aliyami criticized Israel for what he described as a “blatant attack on sovereign […]
USMNT defeats Saudi Arabia to advance to the CONCACAF Gold Cup quarterfinals
Austin Triumphs: US Beats Saudi Arabia in Gold Cup In Austin, Texas, defender Chris Richards made a critical play, scoring from a clever flick during a second-half free kick, leading the US to a 1-0 victory over Saudi Arabia on Thursday night. This win propelled the Americans into the quarterfinals of the Concacaf Gold Cup. […]