Stories from Saudi Arabia

The average price per square meter in Jeddah has decreased by 38.16 percent compared to the same day last week. In the capital city of Riyadh, the average price per square meter was recorded at 3,696 riyals. This decline reflects a shift in the local real estate market transaction volume. The data indicates a downward trend in the Jeddah sector.

The Tadawul Group reported a 54 percent decline in profits for the first quarter of 2026. Operating revenues for the group decreased by approximately 10 percent. Total profits also saw a decline of 26 percent due to various items affecting performance. Financial expert Dr. Abdullah bin Saud discussed these results, noting the drop compared to previous periods.

Several Saudi companies have reported financial results and related-party transactions. United Insurance Cooperative incurred losses of 256.22 million riyals in 2020, with a 18% drop in revenue. Red Sea Global reported dealings with Al Dabbagh Holding exceeding 33.75 million riyals, primarily through an interest-free loan. Tadawul Group's profits fell to 55.6 million riyals in Q1 2026, despite increased operating revenues. South African golf commentator Dean Burmester has expressed support for the LIV Golf league despite rumors regarding Saudi Arabia's Public Investment Fund (PIF). Reports suggest the PIF could withdraw financial support due to growing losses totaling more than $5 billion. Burmester's comments come amid uncertainty regarding the league's future funding.

Saudi Arabia will no longer fund golf, and the WTA tennis finals are moving out of the country after this year. The kingdom has spent approximately $5 billion on these projects so far without seeing the expected returns. The shift indicates a reluctance to continue spending at previous levels. Scott O'Neill stated that beyond 2026, LIV Golf will face an imperative to source investment from sources other than Saudi Arabia. The future of the league currently feels uncertain due to this potential shift in funding. The report was cited by George Wallace during a news segment. Saudi backers will no longer bankroll the live golf circuit after the current season. The decision was reported by a general just moments ago. According to the Wall Street Journal, the fund will officially notify players and staff of this decision tomorrow.

The Saudi Arabian city of Al-'Ula has been added to UNESCO's World Heritage List, recognized for its unique rock formations. The site offers a unique tourist experience, including hot air balloon rides for exploring the landscape from above.

A high-level meeting focused on bilateral relations between Iran and its allies has taken place. The Crown Prince affirmed the vision for these partnerships. The discussions highlighted the strong friendship and alliance between Iran and its partners. This is part of ongoing diplomatic engagement. These talks aim to strengthen ties between the participating nations. The meetings involve high-level representatives from the involved countries.

The King Salman Reserve has received an innovation technology certification from the Union. This makes it the first natural reserve in the Middle East and West Asia region to achieve this distinction.

The historical city of Fayd is undergoing development, with plans to build a city there. Fayd holds exceptional importance from the Islamic eras, ranking as the third most ancient city after Kufa and Basra. It was situated on the ancient Iraqi pilgrimage route, known as the Zubaida path, connecting Iraq and Mecca. The city is located southeast of Hail, approximately 120 km away. The ancient Qasr Kharash fortress in Fayd served as a resting point for travelers, offering food and drink. The area was known for its numerous wells, water basins, and irrigation channels dating back to the early Islamic period. The Al-Hamra well, one of these ancient water sources, continues to supply the city with water.

A traditional Chinese grain ceremony included a hand-sewn chest flower as a element.

Meteorological authorities have issued a warning for heavy rainfall, flash floods, hail, and lightning in Al-Baha and its governorates.