Author: Editorial Team
RIYADH — The world has lost about one billion barrels of oil over the past two months and energy markets will take time to stabilize even if flows resume, Saudi Aramco Chief Executive Officer Amin Nasser said on Sunday, as shipping disruptions choke traffic through the Strait of Hormuz. “Our objective is simple: keep energy flowing, even when the system is under strain,” Nasser told Reuters in a statement after Aramco reported a 25 percent jump in net profit in its first quarter. Global energy supplies have been sharply squeezed by Iran’s blockade of the Strait of Hormuz, which has…
RIYADH — On behalf of Custodian of the Two Holy Mosques King Salman, Crown Prince and Prime Minister Mohammed bin Salman attended on Friday the King’s Cup final for the 2025–2026 sports season. The Crown Prince crowned Al-Hilal team with the prestigious cup after it defeated Al-Kholood in a match held at Alinma Stadium in King Abdullah Sports City in Jeddah. Prince Turki Al-Faisal, Prince Alwaleed bin Talal, Deputy Emir of Makkah Prince Saud bin Mishaal, Minister of Sports and President of the Saudi Olympic and Paralympic Committee Prince Abdulaziz bin Turki, Jeddah Governor Prince Saud bin Abdullah, Taif Governor…
Usually, we head to the Museum of the Future for a slice of art, tech and culture. But now, you can head there to do something totally unexpected — a workout. If you’ve ever counted wandering through its exhibits as your daily step count, you’re not entirely wrong, but this one actually belongs on your fitness tracker. The museum has introduced a Lagree class within its futuristic interiors, set against immersive, floor-to-ceiling AI-powered visuals that transform the workout into a multi-sensory experience. Running until May 15, Longevity Wellness Hub has taken its signature Lagree method beyond the studio, bringing it…
Bank credit extended to the public and private sectors in Saudi Arabia continued its upward trajectory, reaching a record high of around SAR3.335 trillion by the end of February. Bank credit recorded annual growth of 9.6%, increasing by more than SAR291.9 billion compared to the same period in 2025, when it stood at around SAR3.042 trillion, according to the February statistical bulletin issued by the Saudi Central Bank (SAMA). On a monthly basis, bank credit rose by 0.5%, increasing by more than SAR15.6 billion compared to the end of January, when it stood at around SAR3.319 trillion. The data showed that bank credit…
The European Parliament and member states have recently agreed to amend certain elements of the bloc’s landmark AI Act and delay its implementation, following pressure from various entities across the technology ecosystem. A statement released by the council of the European Union explained the rules had been simplified and streamlined, part of a wider drive from the European Commission to loosen digital rules. Amendments include pushing the timeline for applying rules on so-called high-risk AI systems by up to 16 months, which covers those using biometrics or related to critical infrastructure. Previously, it had a timeline to implement the rules…
RIYADH — Custodian of the Two Holy Mosques King Salman has approved the addition of a women’s segment to the 46th King Abdulaziz International Competition for Memorization, Recitation, and Interpretation of the Holy Qur’an. This approval was based on a recommendation made by Minister of Islamic Affairs, Call and Guidance, and General Supervisor of the Local and International Qur’an Competitions Sheikh Abdullatif Al-Sheikh. The ministry is organizing the competition at the Grand Mosque in Makkah. The King’s decision represents a significant development in the competition’s history since its inception in 1399 AH. This addition of women enhances the competition’s inclusiveness…
Riyad Capital, one of the Kingdom’s largest asset managers and a leading company in real estate investment, announces the signing of an agreement to establish a c. US$ 400 million (SR1.5 billion) real estate fund in partnership with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company. The project spans a land area of 32,000 square meters and is designed as a mixed-use development comprising hospitality, office, residential, and retail components. The project, classified as a Transit-Oriented Development (TOD), is strategically located approximately 250 meters from Al Takhassusi Metro Station, supporting the development of an integrated…
When Iskandarbek Narzibekov moved his family from London to Abu Dhabi in 2023, colleagues questioned the logic. The restaurateur had built a portfolio of acclaimed dining concepts across the British capital through his Pachamama Group, and conventional wisdom suggested the Gulf imported restaurant brands rather than creating them. Three years later, his Abu Dhabi-founded brand Soraya is preparing to reverse that flow, launching in London as a one-of-a-kind restaurant concept born in the UAE capital designed specifically for international export. “For years everyone thought the region only imports names,” Narzibekov told Khaleej Times. “I want to prove something else. You…
Under the patronage of Minister of Culture Prince Bader bin Abdullah bin Farhan, the Music Commission concluded the “Marvels of Saudi Orchestra” concert in Rome, Italy. Held at the Colosseum, it featured a performance by world-renowned tenor Andrea Bocelli. The concert brought together 32 musicians from the Saudi National Orchestra and Choir and 30 from an Italian orchestra for a joint performance that reflected cultural exchange. The Rome concert is part of the “Marvels of Saudi Orchestra” initiative to enhance the Kingdom’s global cultural presence and to celebrate and showcase its musical identity. Source: Riyadh Daily
Dushyanth Gummalam. Early in my tenure at Beyond ONE I witnessed small digital moments that revealed the profound impact of connectivity. I remember a user effortlessly sending money home while checking messages on their phone. On another occasion at a café, a group of friends compared exchange rates and completed an international transfer in under a minute. These moments may seem simple, yet they reflect something fundamental: technology works best when it dissolves friction, respects human intent and connects people to what matters most. In the UAE and Saudi Arabia, mobile wallets are becoming part of daily life for millions. They allow…