Read the latest news from regional and global sources, presenting different voices and perspectives.
Saudi ACWA Power prices rights issue at $56 per share
Zawya
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Saudi utility giant ACWA Power is undertaking a rights issue to increase its share capital by 7.12 billion riyals ($1.9 billion) at an offer price of SAR 210 ($56) per share. The company will sell nearly 34 million new shares to take its...
Saudi's Al Hilal knock Man City out of Club World Cup in huge shock
Channel News Asia
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July 1, 2025
ORLANDO: Saudi Arabian side Al Hilal sent English giants Manchester City crashing out of the Club World Cup on Monday (Jun 30), snatching a shock 4-3 victory in extra time in the biggest upset of the tournament so far. The match finished 2-2 at...
Saudi’s Al Hilal knock Man City out of Club World Cup in huge shock
The Citizen (South Africa)
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July 1, 2025
'My mother spent 70 days in the ICU,' said Brazilian striker Marcos Leonardo. 'When I scored those two goals, I thought of her.' Saudi Arabian side Al Hilal sent English giants Manchester City crashing out of the Club World Cup on Monday,...
Saudi: New Social Insurance Law will come into force on July 1
Zawya
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RIYADH — The General Organization for Social Insurance (GOSI) announced that the provisions of the new Social Insurance Law issued by a Royal Decree on July 2, 2024, will come into force on Tuesday, July 1. The GOSI noted that this law is...
Saudi: Over 190,000 Umrah visas issued since start of the season
Zawya
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RIYADH — The Ministry of Hajj and Umrah announced that the number of Umrah visas issued to pilgrims coming from outside the Kingdom has exceeded 190,000 since the start of the Umrah season on Dhul Hijjah 14, corresponding to June 10, until Monday,...
Saudi Leadership Condoles Kuwaiti Emir on the Passing of Sheikh Fahad Al-Sabah
Asharq Al-Awsat
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Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud sent a cable of condolences to Kuwaiti Emir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah on the passing of Sheikh Fahad Sabah Al-Nasser Al-Mubarak Al-Sabah. In the cable, the...
Saudi Public Investment Fund's profits plunge 60 percent
Middle East Eye
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June 30, 2025
Saudi Arabia's sovereign wealth fund's net profits plunged 60 percent in 2024, reflecting inflation and lower energy prices along with struggles to complete some of the kingdom’s flagship giga-projects. Saudi Arabia’s Public Investment Fund (PIF)...
Saudi PIF’s Assets Surge to Over SAR4.3 Trillion in 2024, Driven by Strong Revenues and Strategic Growth
Asharq Al-Awsat
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June 30, 2025
Saudi Arabia’s Public Investment Fund (PIF) announced on Monday a significant increase of 18% in total assets, reaching SAR4,321 billion by the end of 2024, up from SAR3,664 billion in 2023. The Fund also recorded a 25% rise in total revenues,...
Saudi Ministry of Hajj and Umrah Says Over 190,000 Umrah Visas Issued Since Start of Season
Asharq Al-Awsat
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The Saudi Ministry of Hajj and Umrah announced on Monday that more than 190,000 Umrah visas have been issued to pilgrims from outside the Kingdom since the beginning of the Umrah season for 2025. The ministry previously declared the official start...
Club World Cup: Saudi club Al-Hilal knock out Man City after extra time
South China Morning Post
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July 1, 2025
Saudi Arabia’s Al-Hilal knocked Premier League giants Manchester City out of the Fifa Club World Cup on Tuesday, winning their last-16 clash 4-3 after extra-time. Simone Inzaghi’s side initially came from behind, then took the lead three times...
Manchester City have crashed out of the FIFA Club World Cup with an unbelievable 4-3 extra time defeat to Saudi Arabian side Al Hilal in their Round of 16 match.
Fox Sports
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Manchester City have crashed out of the FIFA Club World Cup with an unbelievable 4-3 extra time defeat to Saudi Arabian side Al Hilal in their Round of 16 match. After Brazilian outfit Fluminense stunned Inter Milan earlier in the day, Al Hilal...
How Saudi Arabia's Al Hilal stunned Man City in Club World Cup - ex-Premier League stars, kick-off protest and cost of exit
The New York Times
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July 1, 2025
Al Hilal eliminated Manchester City from the Club World in a landmark victory for the Saudi Arabian team, winning a remarkable last-16 game 4-3 in extra time to cap a day of upsets in the tournament. The Saudi side have shopped significantly for...
ejada Systems Collaborates With Huawei To Deliver AI Solutions In Saudi Arabia
Channel Post Middle East & Africa
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July 1, 2025
ejada Systems, a provider of digital transformation solutions in Saudi Arabia, has announced a strategic partnership with Huawei to develop customized artificial intelligence (AI) solutions that enhance the Kingdom’s digital infrastructure and...
HanmiGlobal Wins 25 Billion Won Contract in Saudi Arabia
Business Korea
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July 1, 2025
HanmiGlobal, a global project management (PM) specialist, announced on June 30 that it has secured a PM service contract for a high-rise premium residential complex development project in Mecca, Saudi Arabia, through its Saudi subsidiary. The...
Pak rupee sheds value against Saudi Riyal in open market – 1 July 2025
Pakistan Observer
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July 1, 2025
KARACHI – Saudi Riyal’ (SAR) buying rate recorded gains against Pakistani rupee in open market on Monday as 1 SAR surged to Rs75.66 after an increase of two paisa. The selling rate of Saudi Riyal also moved up accordingly and reached Rs76.23. The...
FG Delegation Joins Dantata Family in Saudi for Burial Rites
Arise News
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July 1, 2025
A federal government’s delegation led by the Minister of Defence and former Governor of Jigawa State, Muhammad Badaru, has visited the Dantata family in Madinah, Saudi Arabia, to offer condolences and participate in funeral rites for the late...
Shareholders of Saudi’s Acwa Approve $1.9 Billion Rights Issue
Financial Post
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July 1, 2025
The company sees the rights issue as critical to its plan to boost annual project spending to as much as $2.5 billion as it seeks to triple assets under management by 2030. It’s working to expand into countries like China, Malaysia and Turkey, and...
Fifa Club World Cup: Saudi Arabia’s Al Hilal knock Manchester City out in huge shock
The New Zealand Herald
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July 1, 2025
City had plenty of opportunities to extend their lead before the break but a combination of poor finishing and inspired goalkeeping from Moroccan goalkeeper Yassine Bounou kept the lead at a single goal. Al Hilal offered several reminders of their...
Cambodian & Saudi Arabian Legislative Leaders Hold a Bilater...
AKP
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AKP Phnom Penh, July 01, 2025— Samdech Maha Rathsapheathika Thipadei Khuon Sudary (Pic. 1), President of the National Assembly of the Kingdom of Cambodia, and visiting H.E. Abdullah bin Mohammed bin Ibrahim Al-Sheikh (Pic. 2), Speaker of the...
Kafitan sinkhole: Saudi Arabia’s mysterious chasm
Gulf News
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In response, authorities have recently erected a protective earthen barrier to reduce the risk of accidents. Still, the danger remains. “Its rim lies flush with the surrounding land, making it deceptively easy to miss,” Al Khalwi warned.