Saudi Arabia

Saudi Arabia, China sign housing agreements worth over $1.33bn

18 August 2023; MEMO: Saudi Arabia and China have signed a number of housing and infrastructure agreements amounting to over $1.33 billion, furthering ties and investment between the two countries.

At the Saudi-China Business Forum in Beijing, which commenced today, Saudi Arabia’s Minister for Municipal, Rural Affairs and Housing, Majid bin Abdullah Al-Hogail, invited Chinese firms to invest in the Kingdom’s real estate sector. 

Neymar to join Saudi team Al Hilal in $110m deal

15 August 2023; MEMO: The Saudi football club Al Hilal has reached an agreement with French-Brazilian star Neymar, Saudi state media reported yesterday.

According to the Spanish newspaper Sport, the Paris St-Germain (PSG) player will undergo a medical examination in Paris, in preparation for signing his contract with the Saudi club.

The Spanish newspaper added that Al Hilal will present the Neymar deal next Wednesday at a remarkable event in Riyadh.

Saudi Arabia: first rabbi in Riyadh reveals his role within society

15 August 2023; MEMO: Rabbi Yaakov Israel Herzog lives in the capital of Saudi Arabia and has granted himself the title of the “First Rabbi of Riyadh” after opening the first Chabad Movement house in Saudi Arabia to serve the thousands of Jewish expatriates living there. “One man isn’t waiting for peace to become official,” reported Israeli channel I24.

China and Saudi Arabia to power green hydrogen project with 2.2 GW of solar energy

11 August 2023; MEMO: China's energy company, Sungrow, said this week that it will provide its inverter skid technology and 1+X modular inverter solution for a 2.2 Gigawatt (GW) solar plant that Neom Green Hydrogen Company (NGHC) is building in Oxagon. The project site is in a port area close to the futuristic Neom City project, Reuters reports.

Saudi Arabia urges its citizens to quickly leave Lebanon

05 August 2023; MEMO: Saudi Arabia called on its citizens to quickly leave Lebanese territory and to avoid approaching areas where there have been armed clashes, the Saudi embassy in Lebanon said in a statement posted late on Friday on X, formerly known as Twitter, Reuters reports.

The kingdom did not specify which areas in Lebanon that it was advising its citizens to avoid.

The embassy stressed "the importance of adhering to the Saudi travel ban to Lebanon," the statement added.

Saudi Flag Carrier Launches Direct Route To Beijing

JEDDAH, Aug 5 (NNN-SPA) – Saudi Arabian Airlines (Saudia), launched yesterday, a direct route connecting the kingdom’s capital, Riyadh and Red Sea port city of Jeddah, to Beijing.

The new route to China reflects Saudia’s role in connecting the two countries in various aspects, including trade and business, tourism and culture, Saudia said in a statement.

Saudi Arabia urges its citizens to quickly leave Lebanon

Aug 4 (Reuters) - Saudi Arabia called on its citizens to quickly leave Lebanese territory and to avoid approaching areas where there have been armed clashes, the Saudi embassy in Lebanon said in a statement posted late on Friday on X, formerly known as Twitter.

The kingdom did not specify which areas in Lebanon that it was advising its citizens to avoid.

The embassy stressed "the importance of adhering to the Saudi travel ban to Lebanon," the statement added.

Saudi Arabia to extend oil output cuts for another month

04 August 2023; MEMO: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to include September, it said yesterday, adding it could be extended beyond that or deepened, Reuters reported.

The kingdom's production for September will be around nine million barrels per day (bpd), the state news agency SPA cited an official source at the energy ministry as saying.

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