Saudi Arabia
Saudi Arabia to partner with Russia at St Petersburg economic forum marking diplomatic centenary
Saudi Arabia will serve as the guest country at the St Petersburg International Economic Forum 2026, scheduled from June 3 to June 6, coinciding with the centenary of diplomatic relations between Saudi Arabia and Russia.
Kuwait establishes KWD50bn investment company targeting Saudi market
Kuwait's government plans to establish an investment company for regional mega-projects, primarily targeting the Saudi market amid the Kingdom's economic boom and major transformational projects under Vision 2030.
US DoE muddies the ClimateCrisis waters with report downplaying the emissions problem
As part of the Trump administration’s attempts to take the Climate Crisis off the agenda, the US Department of Energy has released a report downplaying the impact of fossil fuels on global warming.
Saudi delivery robots reduce time by 50% at Roshn Front
New robots operate using advanced technologies with 20 sensors and six cameras to ensure safe and accurate navigation, equipped with GPS technology and cooling systems designed for Saudi Arabia's climate conditions.
Saudi Flynas expects to carry tourists first on flights to Russia
Saudi Arabian airline Flynas expects to carry primarily tourists on flights to Russia, with the carrier planning to increase frequencies to several Russian regions.
IMF corrects growth forecast upwards – Statista
Despite uncertain market conditions amid the Trump administration's tariff regime and major global conflicts, the International Monetary Fund has upped its global economic growth forecasts for 2025 and 2026 slightly, Statista reported on July 30.
China’s WeRide secures Saudi Arabia's first autonomous driving licence
Chinese autonomous driving technology company WeRide has received Saudi Arabia's first autonomous driving licence for its Robotaxi service.
World countries gather at UN to revive two-state solution efforts
In a historic move to revive the long-stalled two-state solution, the international community has launched a high-level conference at the United Nations General Assembly in New York.
Saudi Arabia launches second phase of Art Bank initiative
Saudi Arabia's Social Development Bank has launched the second phase of its "Art Bank" initiative to support visual artists and freelancers across the kingdom.
Extreme heat slams Middle East amid growing regional climate emergency
Summer 2025 has turned the Middle East into a furnace. Across Syria, Iraq, Iran, Kuwait and Saudi Arabia, temperatures have surged past 50°C, prompting power cuts, water shortages and silent protests in some of the world’s hottest cities.
IPCC releases dire sixth climate update in run-up to COP30
“Any further delay in global action to slow climate change and adapt to its impacts will miss a brief and rapidly closing window of opportunity to secure a liveable and sustainable future for all”.
ICJ declares healthy environment is a human right in landmark climate ruling
The International Court of Justice (ICJ) has issued a historic advisory opinion recognising a clean and sustainable environment as a human right, declaring that states which fail to curb emissions may be in violation of international law.
Syrian-Saudi investment forum launches in Damascus with deals worth $6.4bn
Projects span sectors including energy, real estate and ICT as Saudi investors prepare to reshape Syria's post-war economic and urban landscape.
Earth overshoot day is already long past – Statista
July 24 marks this year's Earth Overshoot Day, the day that humanity’s demand for ecological resources exceeds the resources Earth can regenerate within that year, Statista reports. That day has already long passed.
World has less than three years to avert worst climate impacts, scientists warn
A new global climate report warns that the world is on the brink of irreversible damage. The findings come amid sluggish international action ahead of COP30.
COMMENT: Can BRICS deliver beyond the rhetoric? experts weigh in
BRICS has evolved from an emerging economies club into a coalition Trump sees as threatening enough to warrant tariffs. Experts reveal tensions between China's dominance and multipolar goals, with institutional gaps but growing Global South support.
Fitch upgrades Trump’s effective tariff rate to 19.4%
President Donald Trump’s evolving trade policy is set to sharply increase the United States’ effective tariff rate (ETR), with Fitch Ratings warning of substantial rises as new duties take effect on August 1.
Geopolitics is weighing on FDI, capital chasing certainty over scale – study
The world is living through turbulent times, but investors are still chasing returns which has affected the flows of international foreign direct investment.
xAI holds talks with Humane to lease data centres in Saudi Arabia
Elon Musk's artificial intelligence company xAI is conducting talks to lease data centre capacity in Saudi Arabia as the company seeks to expand its infrastructure in countries with low-cost energy and political will.