Tuesday, December 16, 2025

Month: May 2025

Economy

IsDB Chief: Stable, Long-Term Investments Are Essential for Growth

What This Article Is About & Why It Matters This article covers the keynote address by Islamic Development Bank (IsDB) Group Chairman Dr. Muhammad Al Jasser at the Saudi–US Investment Forum on May 14, 2025, where he detailed Saudi Arabia’s economic transformation under Vision 2030. He called for greater global cooperation, predictable financial systems, and […]

Economy

King Salman Airport Firm Teams Up with Bechtel to Build Three New Terminals

What This Article Is About & Why It Matters This article highlights a landmark executive partnership agreement between Saudi Arabia’s King Salman International Airport Development Company (KSIADC) and Bechtel, signed on May 14, 2025 during the Saudi–US Investment Forum. The deal involves building three new passenger terminals at King Salman International Airport in Riyadh, including […]

Science

Elon Musk Visits Riyadh, Advances AI and Robotics in Saudi-US Collaboration

What This Article Is About & Why It Matters This article captures a powerful moment from the Saudi-US Investment Forum on May 14, 2025, where Elon Musk joined Saudi Minister Abdullah Alswaha to discuss the future of AI, robotics, and smart technologies. Their dialogue emphasized Saudi Arabia’s transformation from an energy economy to an AI-powered […]

Cars

TGA and Uber Partner to Launch Self-Driving Cars in Saudi Arabia

What This Article Is About & Why It Matters This article highlights a groundbreaking partnership between Saudi Arabia’s Transport General Authority (TGA) and Uber Technologies, announced on May 14, 2025, to introduce autonomous vehicles in the Kingdom. This strategic collaboration supports the National Transport and Logistics Strategy and Vision 2030 goals by embracing smart mobility, […]

Corporate News

AviLease Books First Direct Purchase of 30 Boeing 737 MAX Jets

What This Article Is About & Why It Matters This article highlights AviLease’s historic first direct order of 30 Boeing 737-8 aircraft, announced on May 14, 2025. This strategic agreement not only elevates AviLease’s position as a global aircraft leasing leader, but also accelerates the Kingdom’s progress in developing its aviation industry under Vision 2030. […]

Economy

Minister Highlights Over 11,000 US-Linked Smart City and Housing Projects

What This Article Is About & Why It Matters This article explores Saudi Arabia’s ambitious urban transformation led by Minister of Municipalities and Housing Majed Al-Hogail, as announced at the Saudi-US Investment Forum on May 14, 2025. With 11,000+ development projects underway across 300 municipalities, the Kingdom is shaping smart, sustainable cities under Vision 2030. […]

Economy

Crown Prince and US President Co-Chair Strategic Economic Partnership Summit

What This Article Is About & Why It Matters This article covers the landmark Saudi-US Summit held on May 14, 2025, co-chaired by Crown Prince Mohammed bin Salman and President Donald J. Trump. The summit reaffirmed the enduring strategic partnership between Saudi Arabia and the United States through the signing of a Strategic Economic Partnership […]

Tourism

Saudi Arabia Targets 10% GDP Contribution from Tourism by 2030

What This Article Is About & Why It Matters This article highlights Saudi Arabia’s remarkable progress in growing its tourism sector, as shared by Minister of Tourism Ahmed Al-Khateeb during the Saudi-US Investment Forum on May 14, 2025. Tourism now contributes 5% to the national economy—up from 3% in 2019—with a clear goal to reach […]

Stocks

Saudi Stock Market Closes on a Positive Note

What This Article Is About & Why It Matters This article highlights Saudi Arabia’s strong stock market performance on May 14, 2025. Both the Main Index (TASI) and the Parallel Market (NOMU) closed higher, reflecting investor confidence and the strength of the Kingdom’s economic momentum under Vision 2030. These market gains signal economic resilience, capital […]

Economy

White House AI and Crypto Advisor Stresses Saudi-US Cooperation in Innovation and AI

What This Article Is About & Why It Matters This article highlights Saudi Arabia’s leadership in AI and digital transformation, as showcased during the Saudi-US Investment Forum on May 14, 2025. White House AI and Crypto Czar David Sacks and Minister Abdullah Alswaha praised the Kingdom’s innovation ecosystem, spotlighting Saudi Arabia’s emergence as a global […]