Stories from Saudi Arabia

The Saudi Fashion Commission is organizing a virtual open meeting focused on the resale fashion market in Saudi Arabia. The initiative aims to support the national fashion ecosystem by addressing changing market trends and consumer behavior.

Funds from Saudi Arabia, the United Arab Emirates, and Qatar are set to invest $24 billion into a mega-merger between Paramount and Warner Bros. Discovery. The investment would result in these funds holding a 38.5% stake in the new entity.

US military bases in the Middle East are reportedly adopting drone defense technology brought into the region by Ukrainians. This interest follows costly setbacks, including a March attack on Prince Sultan Air Base in Saudi Arabia involving drones and missiles.

The Asir region is one of the highest honey-producing areas in Saudi Arabia in terms of both quantity and number of beekeepers. Approximately 5,000 beekeepers contribute to the national production in Saudi Arabia.

Road authorities in Al-Ahsa province have successfully incorporated demolition waste into asphalt mixtures. This project marks the first road in the world to utilize this specific type of recycled material for logistics truck routes.

Cristiano Ronaldo stated he continues to enjoy playing football despite acknowledging his retirement is approaching. The announcement follows him reaching a milestone of 970 professional goals.

Al Hammad Holding has invited shareholders to participate in an ordinary general assembly meeting. The meeting will discuss several items, including the disbursement of member bonuses valued between 1.5 million and 1.8 million riyals.

The US Energy Minister stated on Tuesday that the United States has begun providing military escorts for tankers. One tanker was reportedly escorted through or out of the Ormuz Strait in Saudi Arabia. Following this announcement, markets reacted with enthusiasm, causing stock prices to rise and oil prices to fall. The source noted that the Trump administration's actions remain unpredictable.

The Saudi Crown Prince is reassessing and reevaluating development plans for the Neom city project in northwestern Saudi Arabia. He is reportedly willing to adjust his original vision for the development. This shift in approach marks a change from earlier in his rule. Saudi Arabia is reassessing and reevaluating its economic ambitions due to potential economic headwinds. The development of the futuristic city in Neom, located in northwestern Saudi Arabia, is being reviewed as the government prioritizes its ambitions. Analysts suggest the scale of these projects may be adjusted compared to earlier in the current rule.

Construction of a 50 billion dollar skyscraper in Riyadh was suspended in January. Stephen A. Cook, a senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, discussed the financial implications of Saudi projects. The suspension follows a period of shifting focus toward domestic projects. Saudi Foreign Minister Prince Faisal bin Farhan met with French Foreign Minister Jean-Baptiste Salambey in Riyadh. The officials reviewed bilateral relations and discussed ways to strengthen ties between the two nations. They also discussed regional and international developments and their implications for security.