Read the latest news from regional and global sources, presenting different voices and perspectives.
Lenovo Announces New Appointments and Regional Headquarters in Riyadh
Channel Post Middle East & Africa
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August 18, 2025
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...
Saudi Arabia’s banking sector profit rises to $6.1bln, beats estimates
Zawya
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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...
Riyadh Air partners with SATS Saudi Arabia to enhance cargo operations
Logistics Update Africa
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August 18, 2025
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...
Riyadh hosts Saudi-Syria summit to boost investment partnership
Sabah
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August 18, 2025
Today, Saudi Arabia and Syria hold a key roundtable to boost bilateral economic ties, bringing together Saudi Minister of Investment Khalid Al Falih and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar, alongside representatives...
Saudi Arabia and Syria to sign agreement protecting mutual investments
The National News
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Saudi Arabia and Syria are set to sign an agreement to boost and protect bilateral investments, after the kingdom pledged billions to support Damascus as its economy recovers from years of civil war. A Syrian delegation, led by Economy and...
Sinopec Engineering Sees 10 Percent Growth in 1H Revenue
Rigzone
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August 18, 2025
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 signs 5-year deal with SATS to grow cargo network
STAT Trade Times
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August 18, 2025
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...
Interview: MATARAT Holding’s masterplans give giant wings to Saudi Arabian aviation
The Moodie Davitt Report
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August 18, 2025
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...
Saudi to develop iron mine in Mauritania
Zawya
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Saudi Arabia and Mauritania are working to launch a strategic iron mining partnership as part of efforts to expand economic cooperation and boost mutual investments, Mauritania’s ambassador to Riyadh has said. Moktar Ould Dahi told the Saudi daily...
Saudi Aramco has mega projects worth $90bln under development: Report
Zawya
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Saudi Aramco has mega projects worth nearly $90 billion currently under development, President and CEO Amin Nasser has said. “We have an active capital programme,” he told Al Arabiya Business, adding that the natural gas operations are expected to...
SATS to handle Riyadh Air’s cargo operations at Saudi airports
Indian Transport & Logistics News (ITLN)
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August 18, 2025
Saudi Arabia’s new national carrier Riyadh Air has signed a five-year partnership with SATS Saudi Arabia Company, a subsidiary of SATS, to provide cargo handling services at key airports across the Kingdom. The agreement includes major cargo...
Syria, Saudi Arabia sign an agreement to promote and protect investment
SANA
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August 18, 2025
Riyadh, SANA – Economy and Industry Minister Dr. Mohammad Nidal al-Shaar, and the Saudi Minister of Investment Eng. Khalid bin Abdulaziz al-Falih, signed an agreement to encourage and protect investment between the two countries. Minister Al-Shaar...
Madinet Masr to deliver 1,000 units in H2 as construction spending rises
Zawya
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EGX-listed developer Madinet Masr plans to deliver about 1,000 units in the second half of 2025 after handing over 521 units in the first six months, its chief executive said. CEO Abdallah Sallam told Zawya Projects that H1 2025 deliveries rose 86...
IDF puts finishing touches on plans to capture Gaza City, prepares construction of field hospitals for evacuated civilians
All Israel News
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Palestinians carry humanitarian aid in Rafah, in the southern Gaza Strip, August 14, 2025. Photo by Abed Rahim Khatib/Flash90 While the Israeli military continues to firm up plans for the capture of Gaza City, the IDF is also reportedly preparing...
Fahy lands $1.75 million investment to build Saudi gaming hits
Wamda
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August 18, 2025
Saudi Arabia-based Fahy Studios has secured $1.75 million in investment from Impact46 and Merak Capital to accelerate mobile game development. Founded in 2023 by Hani Hashem, Owis Alsaour, and Fahad Alshibl, Fahy is a game development studio...
Riyadh shuts 84 businesses in major food safety crackdown
Daijiworld News
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August 18, 2025
Daijiworld Media Network - Riyadh Riyadh, Aug 18: Saudi authorities have closed 84 food-related businesses in Riyadh following a city-wide crackdown on food safety violations. The operation, led by the Riyadh mayoralty with support from security...
Saudi: Umm Al Qura signs $38.66mln sale agreement
Zawya
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Riyadh – Umm Al Qura for Development and Construction penned a sale agreement for a plot of land with a land area of 2,671 square meters within Masar Destination in Makkah Al Mukarrama. The company signed the contract with Jazeel Al-Bina'a...
Saudi Arabia’s diversified financing for renewable energy
Law.asia
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August 17, 2025
Saudi Arabia has launched its Vision 2030 at the national level and developed a series of plans to promote the diversification of its industries, including the National Renewable Energy Programme. In recent years, financing activities in the...
Saudi King Issues Royal Decrees to Relieve Senior Officials of Duties
Asharq Al-Awsat
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August 18, 2025
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has issued royal decrees that included relieving several senior officials of their duties. The orders relieved Mohammed Al-Madi from his position as head of the Military...
Saudi Arabia Strengthens Ties with Korean Content Industry
Arabian Post
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August 18, 2025
Saudi Arabia is solidifying its role as a key player in the global content industry, with a focus on the rapidly growing demand for Korean entertainment. The country’s recent partnership with South Korea highlights a strategic effort to bolster...