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SAUDI ARABIA BREAKING NEWS


Saudi Startup Humain to Launch New AI-Based Operating System
📷 Tareq Amin, CEO of Humain, attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia May 13, 2025. REUTERS/Hamad I Mohammed Riyadh, October 27, 2025 (Saudi Arabia Breaking News) – Saudi Arabia–based artificial intelligence startup Humain, backed by the Public Investment Fund (PIF), plans to launch a new AI-driven computer operating system this week that enables users to interact with computers through natural speech, the company said on Monday. The new product, name
10 hours ago1 min read


Saudi Arabia Undecided on Investing in Egypt’s Red Sea Coast, Minister Says
📷 Ahmed Al Khateeb, Chairman of the Saudi commission for tourism and national heritage gestures during an interview with Reuters in Riyadh, Saudi Arabia September 25, 2019. Picture taken September 25, 2019. REUTERS/Nael Shyoukhi Riyadh, October 27, 2025 (Saudi Arabia Breaking News) – Saudi Arabia has not yet decided whether to invest in Egypt’s Red Sea coast, focusing instead on expanding domestic tourism infrastructure, Minister of Tourism Ahmed Al-Khateeb said on Sunday. S
11 hours ago1 min read


Saudi Arabia’s Non-Oil Exports Rise 5.5% in August 2025: GASTAT
Riyadh, October 26, 2025 (Saudi Arabia Breaking News) – Saudi Arabia’s non-oil exports, including re-exports, increased by 5.5% in August 2025 compared with the same month of 2024, according to the International Trade Bulletin issued by the General Authority for Statistics (GASTAT). The share of non-oil exports to imports slightly declined to 39.1% in August 2025 from 39.8% a year earlier. Machinery, electrical equipment, and parts represented 25.4% of total non-oil exports,
2 days ago2 min read


Saudi’s New Murabba Plans Investment Opportunities in Technology and Real Estate, CEO Says
📷 CEO of New Murabba Michael Dyke attends the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 30, 2024. REUTERS/Hamad I Mohammed Riyadh, October 26, 2025 (Saudi Arabia Breaking News) – Saudi Arabia’s New Murabba project is planning new investment opportunities in technology, real estate, and construction, CEO Michael Dyke said on Sunday at the Fortune Global Forum conference in Riyadh. The New Murabba project was launched in 2023 by Crown Prince Mohammed b
2 days ago1 min read


Two Falcons Sold for SAR351,000 at Saudi Falcons Club Auction
📷SPA Riyadh, October 24, 2025 (Saudi Arabia Breaking News) – The 12th session of the Saudi Falcons Club Auction 2025, held on Thursday at the club’s headquarters in Malham, north of Riyadh, recorded the sale of two falcons for a total of SAR351,000, the Saudi Press Agency reported. The auction coincides with the Kingdom’s annual falcon trapping season, which runs from October 1 to November 30, and serves as a key venue for locally trapped falcons. The event reinforces the Ki
4 days ago1 min read


Goldman Sachs Establishes Private Wealth Management Team in Saudi Arabia
📷 A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. REUTERS Riyadh, October 23 (Saudi Arabia Breaking News) – Goldman Sachs has announced the establishment of a private wealth management team in Saudi Arabia , as the U.S. investment bank strengthens its presence in the Middle East to cater to the region’s growing base of high-net-worth clients . In a statement issued on Tuesday,
5 days ago1 min read


Saudi Heritage Site AlUla to Offer $1.6 Billion in Projects for Private Sector Investment
📷 Royal Commission for AlUla Chief Tourism Officer Phillip Jones gestures during an interview with Reuters at Reuters Next in Abu Dhabi, United Arab Emirates, October 22, 2025. REUTERS Abu Dhabi, October 23 (Saudi Arabia Breaking News) – Saudi Arabia’s AlUla , one of the Kingdom’s most prominent cultural heritage and tourism destinations , will offer projects worth 6 billion riyals ($1.6 billion) for private sector participation , according to Phillip Jones , Chief Tourism
5 days ago2 min read


Saudi Fashion Commission Signs MoU with WHITE Milano to Expand Global Fashion Collaboration
📷SPA Riyadh, October 22 (Saudi Arabia Breaking News) – Following the conclusion of the third edition of Riyadh Fashion Week, the Saudi Fashion Commission announced the signing of a Memorandum of Understanding (MoU) with WHITE Milano, part of Italy’s Circle Platform Company, marking a strategic partnership to expand the global reach of Saudi fashion and foster creative collaboration. The agreement aims to strengthen national talent development, enhance the Kingdom’s creative
5 days ago2 min read


Red Sea Global to Launch Luxury Project in Italy, CEO John Pagano Says
📷 Pagano during an interview with Reuters in Abu Dhabi, United Arab Emirates, October 22, 2025. REUTERS/Rula Rouhana Riyadh, October 22 (Saudi Arabia Breaking News) – Red Sea Global (RSG), a leading developer fully owned by Saudi Arabia’s Public Investment Fund (PIF), will soon announce the launch of a luxury project in Italy, the company’s Chief Executive Officer John Pagano told Reuters in an interview on the sidelines of an investment summit. Pagano also confirmed that he
5 days ago1 min read


Falcons Worth SAR399,000 Sold on Tenth Night of Saudi Falcons Club Auction 2025
📷SPA Riyadh, October 22 (Saudi Arabia Breaking News) – The tenth night of the Saudi Falcons Club Auction 2025 concluded at the club’s headquarters in Malham, north of Riyadh, where three falcons were sold for a total of SAR399,000, the Saudi Press Agency (SPA) reported. The auction coincides with the Kingdom’s annual falconry season, which runs from October 1 to November 30, attracting falconers from across Saudi Arabia and the Gulf region. The event is broadcast on televisi
5 days ago1 min read


SME Bank to Participate as Strategic Sponsor in Biban 2025 Forum
Riyadh, October 22 (Saudi Arabia Breaking News) – The Small and Medium Enterprises Bank (SME Bank) announced its participation as a strategic sponsor in the upcoming Biban 2025 Forum, organized by the Small and Medium Enterprises General Authority (Monsha’at) from November 5 to 8 in Riyadh, the Saudi Press Agency (SPA) reported. The bank’s participation underscores its commitment to supporting the entrepreneurship ecosystem and enhancing the contribution of small and medium e
5 days ago1 min read


Saudi Arabia’s Construction Cost Index Rises 0.7% in September, GASTAT Reports
📷SPA Riyadh, October 22 (Saudi Arabia Breaking News) – The General Authority for Statistics (GASTAT) released its Construction Cost Index (CCI) bulletin for September 2025, showing a 0.7% year-on-year increase in construction costs across Saudi Arabia, the authority announced on Wednesday. The rise was driven by a 0.8% increase in residential construction costs and a 0.6% increase in non-residential costs, reflecting continued activity in the Kingdom’s construction and real
5 days ago1 min read


ZATCA Urges Businesses to Submit VAT Returns by October 31
Riyadh, October 21 (Saudi Arabia Breaking News) – The Zakat, Tax and Customs Authority (ZATCA) has called on business establishments subject to value-added tax (VAT) to submit their September and third-quarter 2025 returns before the October 31 deadline, the Saudi Press Agency (SPA) reported. According to the authority, businesses with annual supplies exceeding SAR40 million must file their September VAT returns , while those below that threshold are required to submit
7 days ago1 min read


Saudi National Bank Reports 20% Rise in Q3 Net Profit on Strong Operating Income
Riyadh, October 20 (Saudi Arabia Breaking News) – Saudi National Bank (SNB), the Kingdom’s largest lender by assets, reported a 20 percent increase in third-quarter net profit, supported by strong growth in operating income and lower operating expenses, according to a company statement released on Monday. The bank posted a net profit attributable to equity holders of SAR6.47 billion ($1.73 billion) for the quarter ended September 30, exceeding analysts’ expectations of SAR5.4
Oct 201 min read


Saudi Rail Transport Records Over 39 Million Passengers in Q3 2025
Riyadh, October 19 (Saudi Arabia Breaking News) – The Transport General Authority (TGA) announced that the rail transport sector in Saudi Arabia recorded an exceptional performance in the third quarter of 2025, with more than 39 million passengers traveling by train, the Saudi Press Agency (SPA) reported. According to the authority, intercity rail transport accounted for over 2.7 million passengers, including 2.07 million on the Haramain High-speed Railway, 251,000 on the Nor
Oct 191 min read


Crown Prince Approves Renewal of Yousef Al-Benyan as Chairman of SME Bank Board
📷SPA Riyadh, October 19 (Saudi Arabia Breaking News) – His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Chairman of the National Development Fund (NDF), has approved the renewal of the membership of Yousef bin Abdullah Al-Benyan as Chairman of the Board of Directors of the Small and Medium Enterprise Bank (SME Bank) for a three-year term starting from 3/6/1447 AH, the Saudi Press Agency (SPA) reported. On this occasion
Oct 191 min read


FII Institute Forms Strategic Partnership with Guggenheim Investments Ahead of FII9
📷SPA Riyadh, October 17 (Saudi Arabia Breaking News) – The Future Investment Initiative (FII) Institute has announced a strategic partnership with Guggenheim Investments, a global asset management and investment advisory firm, reinforcing the institute’s mission to drive “Impact on Humanity,” the Saudi Press Agency (SPA) reported. The collaboration builds on Guggenheim’s role as a Summit Partner for the third edition of FII PRIORITY Miami, held in February 2025, and marks a
Oct 171 min read


Saudi Arabia Showcases Mining Ambitions at ‘Saudi Day’ During London Metal Exchange Week 2025
📷SPA London, October 16 (Saudi Arabia Breaking News) – The Ministry of Industry and Mineral Resources (MIM) organized an event titled “Saudi Day at LME Week” as part of the London Metal Exchange (LME) Week 2025 , highlighting the Kingdom’s growing role as a global mining hub and its efforts to attract international investments across the entire minerals value chain, in line with Saudi Vision 2030 . In his opening remarks, Vice Minister for Mining Affairs Eng. Khalid Al-Mu
Oct 172 min read


Strong Sales Mark Sixth Session of Saudi Falcons Club Auction 2025
📷SPA Riyadh, October 16 (Saudi Arabia Breaking News) – The sixth session of the Saudi Falcons Club Auction 2025 recorded active sales on Wednesday, with three falcons sold for a total of SAR 585,000, according to the Saudi Press Agency (SPA). The auction, held at the club’s headquarters in Malham, north of Riyadh, runs alongside the annual falconry season from October 1 to November 30. It remains one of the most prominent events dedicated to the preservation and promotion of
Oct 161 min read


New Murabba Signs Sponsorship Agreement with Al-Hilal Club Company
📷SPA Riyadh, October 15, 2025 (Saudi Arabia Breaking News) – New Murabba , a company owned by Saudi Arabia’s Public Investment Fund (PIF) , has signed a sponsorship agreement with Al-Hilal Club Company , one of the Kingdom’s most prominent and successful football institutions. Under the agreement, the New Murabba logo will appear on the lower chest area of the kits worn by Al-Hilal Women’s First Football Team and the Al-Hilal Male Youth Teams , marking a new chapter in th
Oct 152 min read
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