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Gold rose to a record high on Wednesday as tensions in the Middle East and US tariff uncertainties lifted the bullion’s safe-haven appeal, while traders awaited the Federal Reserve’s decision later in the day.Spot gold added 0.2% to $3,039.38 an ounce as of 0745 GMT. Earlier in the session, it hit an all-time peak of $3,045.24, the 15th one this year.US gold futures gained 0.2% to $3,046.40, Reuters reported.”At its current trajectory, gold futures could tag $3,200 in just over a month. Even if we get a shakeout or two along the way, I suspect bulls are laying in wait…

GCC Secretary-General Jasem Albudaiwi and European Council President António Costa discussed strengthening GCC-EU cooperation, addressing the Gaza crisis, and promoting stability in the Middle East.Brussels, March 19, 2025 — Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi and European Council President António Costa held a productive meeting in Belgium on March 18, 2025, where they discussed a wide range of joint initiatives and projects aimed at further strengthening the cooperation between the GCC and the European Union (EU). The discussions focused on enhancing this vital relationship to foster mutual prosperity and to advance the shared interests of both regions. The meeting…

Circle K Alsulaiman, a subsidiary of Alsulaiman Group, announced today the signing of an agreement to acquire a majority stake in Mazaya Fuel, a prominent chain of more than 130 fuel stations across Saudi Arabia. This strategic acquisition marks a pivotal step in Circle K Alsulaiman’s ambitious expansion plans, reinforcing its commitment to transforming the fuel retail sector in the country. With a target of expanding to more than 500 Circle K stations by 2030, Circle K Alsulaiman plans to invest over 700 million Saudi Riyals in the fuel station sector. This investment will not only expand Circle K’s network…

SDRPY has implemented renewable energy-driven water security projects in Aden and Hadhramaut, benefiting millions and improving water distribution efficiency in Yemen.Aden, March 19, 2025 — The Saudi Development and Reconstruction Program for Yemen (SDRPY) continues to make significant strides in fostering sustainable development across Yemen, focusing on vital sectors such as water, health, education, and infrastructure. Among the program’s most impactful efforts are its extensive initiatives aimed at improving the water sector, one of eight critical areas supported by SDRPY. Through 58 projects and initiatives in this sector alone, the program is enhancing water resource management, increasing water distribution efficiency,…

PICTURE THIS Scenario: YOU arrive at your event, and everything is executed as per your vision, leaving you free to focus on what truly matters. That’s the magic of VIVID EVENTS, Saudi Arabia’s leading partner in transforming visions into bespoke realities. We’ve asked Vivid Events Founders a question What you love most about what you do ? Imagine having a pitch, planning it, putting a lot of efforts in it and then realising that we are going to go on site and start making every idea to a reality, turning those sketches & ideas to the most amazing event in…

SAL, Sela Sign SAR4 Billion Agreement to Establish Logistics Zone North of Riyadh The SAL Saudi Logistics Services Company and Sela Company signed an agreement in Riyadh to launch the SAR4-billion SAL Logistics Zone, covering more than 1.5 million square meters within the Falcons City project north of Riyadh, reported the Saudi Press Agency on Tuesday. The initiative aligns with their joint efforts to boost strategic partnerships, support the logistics sector, and boost the Kingdom’s position as a global logistics hub in line with Saudi Vision 2030 and the National Transport and Logistics Strategy. The signing ceremony was attended by…

With the distinguished presence of His Royal Highness Prince Turki bin Talal bin Abdulaziz Al Saud, the Aseer region witnessed the grand opening of Lavanda Park on Tuesday October, 15 2024. Developed by Hamat Company, this landmark project is poised to redefine shopping and entertainment in the region, promising an experience that seamlessly blends modern retail, dining, and leisure in a family-friendly environment. Lavanda Park, strategically situated between the vibrant cities of Abha and Khamis Mushait, spans an impressive 68,000 square meters. Boasting more than 175 retail outlets, the complex features a diverse mix of local and international brands, offering…

Adam McEwan is the Founder and CEO of Hero Experiences Group, a pioneering adventure tourism company dedicated to delivering unforgettable and sustainable travel experiences in the UAE and Saudi Arabia. With a passion for innovation and a commitment to ecotourism, Adam has positioned Hero Experiences as a leader in promoting responsible tourism that prioritizes environmental conservation and community engagement. His visionary approach focuses on creating thrilling yet safe adventures while integrating sustainability practices into every aspect of the company. In this Q&A session with Destination KSA, Adam shares insights into Hero Experiences Group’s vision, the challenges they face, and their…

Reuters/Fahad Shadeed A miner works in the Al Amar gold mine, southwest of Riyadh. Investors are worried about an economic slowdown and elevated risks of recession due to US President Donald Trump’s tariffs Gold rose to hit a record high on Wednesday, as Middle East tensions and trade uncertainties lifted the bullion’s appeal, while traders awaited the Federal Reserve’s decision later in the day. Spot gold held its ground at $3,035.12 an ounce, as of 04:15 GMT, after hitting an all-time peak of $3,038.90 earlier in the session. US gold futures firmed 0.1 percent to $3,042.20. “Traders are viewing gold as…

Donald J. Trump/Truth Social Abu Dhabi’s deputy ruler and UAE national security advisor Sheikh Tahnoon bin Zayed Al Nahyan meets US President Donald Trump at the White House on Tuesday Sheikh Tahnoon bin Zayed Al Nahyan, Abu Dhabi’s deputy ruler and UAE national security advisor, met US President Donald Trump at the White House on Tuesday, holding talks on economic and technological cooperation. “Discussions included ways for our countries to increase our partnership for advancing our economic and technological futures,” Trump said in a Truth Social post. The UAE and the US are partners in bringing peace and security to the…