UN’s Failed Shipping Emissions Scheme: A Case of Taxation Without Representation

The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. The recent collapse of the United Nations–backed global shipping emissions deal is not the environmental catastrophe portrayed by...

Goldman Sachs sets up private wealth management team in Saudi Arabia

Goldman Sachs is setting up a private wealth management team in Saudi Arabia, it said on Tuesday, as it boosts its offer in the Middle East to serve a growing number of high net worth individuals in the region. In May last year, the U.S. bank...

Acwa Power achieves $2.9bln financial close for Saudi CCGT plant

Leading global utility project developer Acwa Power has announced that one of its key affiliates - Hajar Two Electricity Company - has achieved a SAR10.8 billion ($2.9 billion) financial close for the Qurayyah CCGT IPP Expansion Project located in...

India’s oil imports in Oct rise as refiners come out of maintenance; GST cuts, travel boost demand

New Delhi: India’ crude oil imports are likely to increase in October compared to the past few months, as refineries return to operating at higher capacity after scheduled maintenance and the recent GST cuts boost economic activity and consumer...

Mideast Stocks: Most Gulf markets track Asian shares higher; weak earnings weigh on Saudi

Most Gulf stock markets rose in early trade on Tuesday, in line with Asian benchmarks, on potential easing of U.S.-China trade tensions, although Saudi Arabia’s index dipped due to disappointing corporate earnings. Dubai's main share index rose...

Creativity Takes Centre Stage as Global Industry Leaders Gather in Riyadh for Athar Festival 2025

Athar – Saudi Festival of Creativity, the Kingdom’s largest gathering of the creative marketing industry, returns to Riyadh from 21-22 October at JAX District’s Diriyah Biennale Foundation for its third edition. This celebration of all things...

UAE Fintech Giant Qashio Acquires Sanad Cash to Accelerate Saudi Expansion

Qashio, the UAE’s leading corporate spend management platform, acquired Sanad Cash, one of Saudi Arabia’s first and most established expense management solutions. This landmark deal marks a major milestone in Qashio’s growth into the Kingdom of...

Mongolia and Saudi Arabia Hold First Political Consultation in Riyadh

Ulaanbaatar, October 21, 2025 /MONTSAME/. The first Political Consultation between the Ministry of Foreign Affairs of Mongolia and the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia took place in Riyadh on October 20, 2025. During the...

Fury Mounts over a global AI frenzy and energy consumption

The United States has been at the nexus of a data center boom, as OpenAI, Amazon, Google, Microsoft and others invest hundreds of billions to build the giant computing sites in the name of advancing artificial intelligence. But the companies have...

Saudi Arabia’s $1 trillion fund pours another $205 million into struggling VR firm Magic Leap

Saudi Arabia’s main investment arm has put more than $1 billion into a Florida-based virtual reality company that has yet to make any money since opening its doors 15 years ago. The Public Investment Fund, which manages Saudi Arabia’s sovereign...

US Blocks Global Fee On Shipping Emissions As IMO Meeting Ends

"With trade threats from President Donald Trump, the U.S. derailed the world’s first global carbon fee on shipping as an international maritime meeting adjourned Friday without adopting regulations. Earlier this year, amid much fanfare, the...

Warner Music Launches Riyadh-Based Label Under Merwas Partnership, Says MENA ‘Is One of the Fastest-Growing Regions for the Music Industry’

Photo Credit: Warner Music Group The major and the three-year-old multimedia company unveiled their tie-up in a brief release. Founded in 2022 by Nada Al Tuwaijri (who’s also CEO) and Rumayyan Alrumayan (MD), Merwas boasts “a team of seasoned...

Acwa Power achieves $2.9bn financial close for Saudi CCGT plant

Leading global utility project developer Acwa Power has announced that one of its key affiliates - Hajar Two Electricity Company - has achieved a SAR10.8 billion ($2.9 billion) financial close for the Qurayyah CCGT IPP Expansion Project located in...

S. Korea, Saudi Arabia discuss expanding defense, arms industry cooperation

SEOUL, Oct. 21 (Yonhap) -- Vice Defense Minister Lee Doo-hee met with his Saudi counterpart Tuesday to discuss ways to expand bilateral cooperation in defense and the arms manufacturing industry, officials said. The meeting with Gen. Fayyadh bin...

Saudi Arabia enforces higher Saudization rates in medical fields

The Ministry of Human Resources and Social Development, in collaboration with the Ministry of Health of Saudi Arabia, has announced the implementation of the second phase of the decision to increase Saudization rates for four health professions...

Amiantit forges partnership with Saudi Arabia Railways to develop railway infrastructure

Riyadh: Saudi Arabian Amiantit Company signed a memorandum of understanding (MoU) with Saudi Arabia Railways (SAR) on 19 October during the Saudi International Railway Exhibition and Conference in Riyadh. The deal aims to enhance the cooperation...

1001 AI Raises $9 Million to Build AI Infrastructure for MENA’s Critical Industries

Building AI for the Physical World 1001 AI, a new startup founded by Bilal Abu-Ghazaleh, has raised $9 million in seed funding to build AI infrastructure for high-stakes industries across the Middle East and North Africa. The round was led by CIV,...

Korea’s defense industry showcases AI, space tech at ADEX 2025

Seoul’s biennial Aerospace & Defense Exhibition (ADEX 2025) offered an extensive overview of the evolution of Korea’s defense sector as it enters a new era of warfare. Key defense contractors including Hanwha, Korea Aerospace Industries (KAI), LIG...

Hyundai E&C Signs MOU with Seven Saudi Suppliers to Boost Plant Projects

Hyundai Engineering & Construction (Hyundai E&C) said on October 21 that it signed memoranda of understanding (MOUs) with seven strategic Saudi suppliers to strengthen cooperation on plant projects. The agreements were signed on October 20 at the...

Cedars-Sinai Experts Present at Global Health Exhibition in Riyadh, KSA

Newswise — LOS ANGELES (Oct. 20, 2025) -- Cedars-Sinai will join healthcare leaders at the Global Health Exhibition Oct. 27-30 in Riyadh, Saudi Arabia, to discuss innovation and investment in medicine and wellness. The Cedars-Sinai International...