Saudi Arabia’s first alcohol store aims to tackle booze smuggling

Saudi Arabia’s first alcohol store has opened in the diplomatic quarter of its capital Riyadh, accessible to non-Muslim diplomats.  While it only affects a select group, it’s a big change for the highly conservative Muslim kingdom, where alcohol has been banned since 1952 after a Saudi prince murdered a British diplomat in a drunken rage. … Read more

Saudi Arabia opens first-ever alcohol store, accessible to a select group

Spirits on display in a UK bar in Cardiff, United Kingdom. Matthew Horwood | Getty Images News | Getty Images Saudi Arabia has opened its first alcohol store in the diplomatic quarter of its capital Riyadh, two sources told CNBC. The news, which has not been officially confirmed by the Saudi government, marks a major … Read more

Carlos Alcaraz vs Novak Djokovic live score, updates, highlights & result from Riyadh Season Tennis Cup

Tennis fans are in for an end-of-year treat as the top-two male players in the sport face off in Saudi Arabia with Carlos Alcaraz and Novak Djokovic competing in the Riyadh Season Tennis Cup. Their most recent meeting was surprisingly one-sided, Djokovic easing to a 6-3 6-2 win at the ATP World Tour Finals in … Read more

Al Nassr vs Al Riyadh live score, updates, lineups, and result from Saudi Pro League

Al Nassr will be seeking a first win in four matches to revive their title hopes when they host Al Riyadh in the Saudio Pro League on Friday. Two AFC Champions League group stage draws were far less damaging to the side captained by Cristiano Ronaldo than the top-flight result that came in between them, … Read more

Oil prices set to rise in 2024 after OPEC+ voluntary cuts

Processing towers stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices are expected to rise in the new year after some OPEC+ oil producers voluntarily pledged to cut output. The oil cartel on Thursday released a statement that did … Read more

Riyadh to extend 1 million-barrel-per-day cut as OPEC+ holds policy

The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. Bloomberg | Bloomberg | Getty Images The influential Organization of the Petroleum Exporting Countries coalition and its allies, collectively known as OPEC+, on Thursday opted against formally deepening production cuts, while de facto leader Saudi Arabia … Read more

Saudi Arabia reinforces deadline for companies to move regional HQs

The Saudi National Bank headquarters and other buildings in Riyadh. Bloomberg | Bloomberg | Getty Images RIYADH — Saudi Arabia is holding on to its ultimatum that foreign companies will need to base their regional headquarters in the kingdom or be barred from lucrative government contracts. The deadline: Jan. 1, 2024. In a bold surprise … Read more

Tyson Fury ready to take down ‘fat sausage’ Ngannou in Riyadh circus

Britain’s Tyson Fury (L) and Cameroonian-French Francis Ngannou go head to head during their weigh-in on the eve of their bout in Riyadh on October 27, 2023. (Photo by Fayez NURELDINE / AFP) When Tyson Fury, arguably one of the all-time great heavyweight boxers, takes on MMA fighter Francis Ngannou in Riyadh on Saturday, the … Read more

Nuclear proliferation is ‘most serious thing facing mankind’

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co speaks on September 25,2019 in New York, US. Misha Friedman | Getty Images News | Getty Images JPMorgan Chase CEO Jamie Dimon is asked routinely where he sees the greatest threats to the global economy — and to mankind in general. Speaking on … Read more

Saudi Arabia’s auto rental firm Lumi pops 30% in stock market debut

Cityscape of Saudi capital Riyadh. Harri Jarvelainen Photography | Moment | Getty Images Shares of Lumi soared as much as 30% on Monday at the Saudi Arabian auto rental firm debuted on the Riyadh stock exchange in a 1.09 billion riyal ($290 million) initial public offering. A unit of Saudi travel company Seera, Lumi listed … Read more