City Riyadh Financial News

Saudi Arabia’s top diplomat has visited Lebanon for the first time in a decade following years of strained relations between the oil-rich kingdom and the tiny Mediterranean country

Subscribe to enjoy similar stories. No sooner had it unleashed the first of its drones at Israel on November 8th than the Iraqi militia published an image of missiles streaking through the sky. Israel said its aerial defences had thwarted the attack by al-Nujaba (“the Nobles").

Tyson Fury said Monday he had retired from boxing just weeks after suffering a second straight defeat at the hands of Oleksandr Usyk.

To determine the busiest international and domestic flight routes, OAG analyzed the volume of scheduled airline seats from January to December 2024. The routes listed reflect round trip flights rather than one-ways in a single direction. “With the Asia Pacific region very close to a full recovery, the busiest routes are concentrated in the familiar major hubs of Hong Kong, Seoul Incheon and Singapore,” said John Grant, chief analyst at OAG, in a release.

The Trump Organization says it has leased its brand to two new real estate projects in Saudi Arabia just weeks before President-elect Donald Trump returns to the White House

Subscribe to enjoy similar stories. Saudi Arabia’s sway over the Organization of the Petroleum Exporting Countries long meant unquestioned dominance of the global oil market. Those days are over, at least for now.

India on Tuesday said that adequate financing holds the key to achieving the objectives of the United Nations Convention to Combat Desertification (UNCCD). During a ministerial dialogue on finance at the 16th UN conference to combat desertification in Riyadh, Saudi Arabia, Union Environment Minister Bhupender Yadav also shared that India has already restored 22.5 million hectares of degraded land against the target of 26 million hectares by 2030. The minister said adequate financing holds the «key to achieving the objectives of the UNCCD» and that the World Drought Atlas released on Monday could serve as a guide for increasing mobilization of financial resources. Yadav also highlighted government initiatives like the Green Credit Programme, which involves identifying and restoring degraded land with financial support from industries.

Subscribe to enjoy similar stories. Saudi Arabia’s unprecedented attempt to diversify from an oil economy to something more sustainable seems to be churning along nicely. The female labour participation rate has nearly doubled to 36% from 2016, the year Crown Prince Mohammed bin Salman laid out his Vision 2030.

Saudi Arabia's arid climate challenges mirror those faced by regions like Rajasthan, presenting a unique opportunity for collaboration and knowledge sharing, a Saudi minister official said on Monday. Dr Osama Faqeeha, Deputy Minister of Environment, Water and Agriculture, and Advisor to the United Nations Convention to Combat Desertification (UNCCD) COP16 Presidency, made the remarks days ahead of the COP16 meeting to be held in Riyadh from December 2 to 13 under the theme — 'Our Land. Our Future'. «Successful initiatives like the Ghandivan project in Jaipur, which has transformed a barren wasteland into a thriving ecosystem through community-driven efforts, offer valuable insights that can be adapted across different regions,» he said, adding that Saudi Arabia is leveraging water conservation practices and pursuing ambitious rural development programs. «We are focused on raising awareness of the impact of land degradation, drought, and desertification. The scale of our challenge is stark: globally, we lose land equivalent to four football fields every second, amounting to 100 million hectares annually,» Faqeeha said.

BEIJING — Chinese gaming giant Tencent is betting on a rise in female players worldwide for its mobile game Honor of Kings, which rolled out to the U.S. and other countries in June.

Rishabh Pant, one of India’s most explosive wicketkeeper-batters, was one of the shocking names that appeared in the list of players who were released by their franchises during the annual retention activity ahead of Indian Premiere League's mega auction event. The former DC skipper is expected to be the most expensive buy for the teams in Saudi Arabia as he a base price of Rs 2 crore set against him. The wicketkeeper who bounced back after life threatening accident became the face of Delhi Capitals (DC) over the last few years, clocking an impressive IPL record, scoring 3,284 runs in 111 matches at an average of 35.31, with a career-best of 128* and a commendable strike rate.

Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues

IPL) 2025 season is expected to be held in Riyadh at the end of this month, according to sources. All ten franchises have announced their list of retained players for the IPL 2025, which turned out to be full of surprises and some expected decisions. As all teams have retained the players that they feel will be core to their success in the upcoming season of the cash-rich league, all eyes have now shifted towards the mega auction.

Saudi startup airline Riyadh Air has ordered 60 Airbus aircraft

Saudi Arabia this weekend. Not for an ATP series, but an exhibition tournament called the Six Kings Slam. Just being there has earned each of these players more than $1 million, while Sinner took home $6 million for defeating Alcaraz in the final.

bomb threats on Wednesday taking the number of flights impacted to 19 in three days, with the Union government asserting that the law enforcement agencies are actively pursuing all cases and the Mumbai Police arresting a minor for issuing threats to three flights. Some flights were delayed, diverted and returned mid-way in the wake of bomb threats received through social media, sending security agencies into a tizzy. The Delhi Police has registered an FIR in connection with bomb threats to several flights in the last two days and has launched a probe. Bomb threats were received by at least three IndiGo flights, two SpiceJet flights and an Akasa Air flight on Wednesday. IndiGo's Riyadh-Mumbai flight was diverted to Muscat due to the threat. Civil Aviation Minister K Rammohan Naidu on Wednesday said law enforcement agencies are actively pursuing all cases of bomb threats against airlines and the government is closely monitoring the situation.

India is not the 'West'. This is a USP it must use with Palestine — and Israel — to tell both warring parties to cease fire for the sake of their own sake. New Delhi has greater dealings with Tel Aviv of late.

India and the Gulf Cooperation Council (GCC) on Monday, at their first-ever Foreign Ministers meeting in Riyadh, adopted a Joint Action Plan 2024-2028 for undertaking various joint activities in diverse areas, including health, trade, security, agriculture and food security, transportation, energy, culture, among others.

regulator Directorate General of Civil Aviation (DGCA) has slapped a fine of ₹90 lakh on Air India for operating a flight on July 9 from Mumbai to Riyadh with an unqualified crew. Besides, the watchdog has slapped fines of Rs 6 lakh and Rs 3 lakh on Air India's Director of Operations and Director of Training, respectively, for the lapse. «Air India Ltd operated a flight commanded by a non-trainer line captain paired with a non-line-released first officer which has been viewed by the regulator as a serious scheduling incident having significant safety ramifications,» the release said.

Cristiano Ronaldo's Al Nassr FC will play Al-Raed in the Saudi Pro League opening match of the season on Thursday. The new season of the 18-team league is starting on August 22 and will culminate in May, 2025. Portuguese soccer star Ronaldo's Al Nassr FC vs Al-Raed soccer match is scheduled to kick off at 2 pm (ET). The football game between Al Nassr FC vs Al-Raed will be live telecast on Fubo which offers free trial. Cristiano Ronaldo is lining up for another Saudi Pro League season with the main aim of helping Al-Nassr end the dominance of Riyadh rival Al-Hilal. Ronaldo signed for Al-Nassr in December 2022 and has yet to win a domestic trophy with the club. In a social media post this week, he wrote: New season, same goal.

Riyadh: Ace Indian cueist Pankaj Advani fell short in his quest to secure a hat-trick of titles, losing 2-5 to compatriot Dhruv Sitwala in the final of the 2024 Asian Billiards Championship here on Saturday. Dhruv set the tone for the match with an impressive start, scoring 103 points, while Advani struggled to get on the board, finishing with no points. Advani managed to improve his game, scoring 36 points, but Dhruv maintained his dominance with another 100. Advani found his rhythm in the third frame and outplayed Dhruv, achieving a remarkable 101. Dhruv, however, had an off-frame, scoring only two points. Advani continued his momentum and scored a perfect 100, while Dhruv managed only 11 points. Dhruv's consistency shone through as he scored 100 again.