Read the latest news from regional and global sources, presenting different voices and perspectives.

Saudi Riyal to Pakistani Rupee Rate Today- August 18, 2025
KARACHI/RIYADH- August 18, 2025 – The Saudi Riyal strengthened to Rs75.16 against the Pakistani Rupee in Monday’s trading session, marking an improvement from weekend levels. Currency dealers report standard market activity with the interbank rate...

Riyadh Air signs partnership with SATS to launch cargo handling services
New Middle Eastern airline Riyadh Air has signed a five-year partnership with SATS to provide cargo handling services at key airports across Saudi Arabia. SATS Saudi Arabia will enable Riyadh Air to develop cargo operations at King Khalid...

Saudi Arabia could serve as venue for further talks on Ukraine — expert
DOHA, August 18. /TASS/. Given its balanced relations with Russia, the United States and Ukraine, Saudi Arabia could be an ideal venue for continued negotiations on Ukraine following the Alaska talks, founder and chairman of the Gulf Research...

Riyadh Air and SATS Saudi Arabia Forge Strategic Partnership to Elevate Cargo Hub Operations at King Khalid International Airport
Riyadh Air, the Kingdom of Saudi Arabia’s new national carrier, has signed a five-year strategic partnership with SATS Saudi Arabia Company (SATS SA), a subsidiary of SATS Ltd (SATS), to provide comprehensive cargo handling services at key...

Saudi Arabia and Syria sign pact to promote and protect investment
Saudi Gazette report RIYADH — Saudi Minister of Investment Eng. Khalid Al-Falih and Syrian Minister of Economy and Industry Dr. Mohammad Nidal Al-Shaar have signed an agreement to promote and protect investment between the two countries. The pact...

Riyadh Air and SATS strike 5-year partnership for cargo handling
Riyadh Air, the Kingdom of Saudi Arabia’s new national carrier, has signed a five-year strategic partnership with SATS Saudi Arabia Company (SATS SA) to provide comprehensive cargo handling services at key airports across the Kingdom. The...

Saudi Arabia’s Public Investment Fund (PIF) updates its stock portfolio
Saudi Arabia’s Public Investment Fund (PIF) disclosed its second-quarter 13F filing on August 14, revealing a number of new positions and trimming some of the existing ones. The sovereign wealth fund appears to be betting primarily on the...

Riyadh Air, SATS Saudi Arabia tie-up to provide cargo handling services
Riyadh Air, the Kingdom’s new national carrier, signed a five-year strategic partnership with SATS Saudi Arabia Co., a subsidiary of SATS Ltd (SATS), to provide comprehensive cargo handling services at key airports across the Kingdom. The...

Saudi Arabia’s FM Sector Set For $52.5B Growth Surge By 2029
In collaboration with Frost & Sullivan, MEFMA is releasing a new white paper offering critical insights into the growth trajectory and strategic role of FM in Saudi Arabia The Middle East Facility Management Association (MEFMA), in collaboration...

Lenovo Announces New Appointments and Regional Headquarters in Riyadh
Lenovo today announced the appointment of its executive leadership team for Saudi Arabia, marking a key milestone in the company’s regional growth strategy and its plans to establish Regional Headquarters (RHQ) in Riyadh. Set to be located in the...

Syrian Delegation Heads to Riyadh to Boost Economic Ties
A Syrian delegation visits Riyadh to boost economic ties after a $6.4 billion investment pledge, as Damascus quietly restructures its economy amid political and sanction challenges. A Syrian delegation led by Minister of Economy and Industry...

Why players love the controversial Saudi Arabia Snooker Masters…other than the money
Neil Robertson landed the mammoth top prize in Jeddah on Saturday (Picture: Getty Images) The second edition of the Saudi Arabia Snooker Masters came to a close in dramatic fashion on Saturday, with more glowing endorsements from the players. Last...

UAE and Saudi Arabia ranked among world's top three AI superpowers
The UAE and Saudi Arabia are among the top three artificial intelligence superpowers in the world, a report by a US data centre company has found. The US led the rankings, followed by the UAE and then Saudi Arabia. The Gulf states placed ahead of...

Inside PASTAMAMMA Riyadh: the newest Italian restaurant to hit the block
Whenever someone asks me what my favourite cuisine is, Italian always comes to mind. Growing up on Italian and Italian-inspired flavours for basically my entire life, thanks to all the amazing Italian restaurants in Riyadh, I’m always on the...

AI leads the evolution of data centre construction
The landscape of data centre construction is rapidly evolving. This year, the surge in demand for AI-driven computing has pushed companies to accelerate development timelines, optimize energy consumption, and innovate in response to a persistent...

Leading Data Center Lawyer At Forefront Of Digital Infrastructure Industry Joins Latham & Watkins In Chicago
(MENAFN- PR Newswire) Rechtin represents developers, private equity firms, and other private capital providers for data center and digital infrastructure projects. He is particularly focused on all types of leasing and end user agreements to...
Saudi Arabia’s banking sector profit rises to $6.1bln, beats estimates
Saudi Arabia’s banking sector posted an 18% year-on-year (YoY) increase in net profit to 22.9 billion Saudi riyals ($6.1 billion) in the second quarter of 2025, beating consensus estimates of SAR22.3 billion, according to Al Rajhi Capital. The...

Interview: MATARAT Holding’s masterplans give giant wings to Saudi Arabian aviation
Rudy Vercelli: Exactly. And yet, interestingly, it’s still not enough. People aren’t fully satisfied, and that’s a good thing because it pushes us to do even better. We’re working closely with PIF to rethink the entire approach, to move beyond...

Sinopec Engineering Sees 10 Percent Growth in 1H Revenue
Sinopec Engineering Group Co. Ltd. on Sunday reported CNY 31.56 billion ($4.39 billion) in revenue for the first half of 2025, up 10.1 percent from the first six months of 2024. The increase was “mainly due to the fact that large-scale projects...

Riyadh Air partners with SATS Saudi Arabia to enhance cargo operations
Saudi Arabia’s new national carrier, Riyadh Air, has entered into a five-year strategic partnership with SATS Saudi Arabia Company (SATS SA), a subsidiary of SATS, to enhance cargo handling operations at King Khalid International Airport (RUH) and...