International
Riyadh Fashion Week 2024 kicks off: high fashion meets bespoke Saudi tailoring
Riyadh Fashion Week 2024 blends Saudi heritage with cutting-edge fashion, showcasing renowned designers and streetwear innovators. Global A-listers and fashion experts gather for a captivating five-day event from October 17 to 21.
Economy
Saudi Arabia invests heavily in Red Sea tourism with new mid-market projects
Saudi Arabia is diversifying its Red Sea tourism with new mid-market and budget projects, expanding beyond luxury.
International
Saudi Arabia threatens $50 oil barrel market flood if Russia doesn’t cut production
Saudi Arabia has threatened to drop oil prices to $50 per barrel if Russia and other OPEC+ members fail to reduce production, potentially sparking a new oil price war.
National
Vision 2030: Saudi Arabia offers Pakistan $200bn share of construction contracts
Saudi Arabia plans to allocate a significant portion of its $200 billion annual construction contracts to Pakistan, strengthening economic ties between the two nations, and aligning with Saudi Arabia's Vision 2030.
E-Sports
Esports World Cup 2024: Saudi Arabia’s global blockbuster tips off in Riyadh
The 2024 Esports World Cup, hosted in the futuristic city of Riyadh, is expected to attract tens of thousands of fans, professional players, and teams from all over the world.
International
Saudi Arabia acquires 40% of Selfridges Group to drive European luxury retail interests
Saudi Arabia's Public Investment Fund (PIF) has acquired a 40% stake in Selfridges Group, partnering with Central Group, which holds the remaining 60%, to strengthen the luxury retailer's financial position and drive future growth.
International
Saudi Arabia poised to sell $10bn in Saudi Aramco shares to boost Public Investment Fund
Saudi Arabia is poised to sell at least $10 billion in Saudi Aramco shares to boost its Public Investment Fund (PIF) as part of its Vision 2030 economic diversification strategy. This sale follows the record-setting 2019 IPO and aims to further enhance the PIF’s assets amid ongoing mega-projects.