Arabias

Saudi Arabia’s ‘Gigaproject’ Rejects Former CEO’s Settlement in $120 Million Legal Battle

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Riyadh, Saudi Arabia — In a high-stakes legal battle, a former CEO’s attempt to settle a $120 million lawsuit against a major Saudi Arabian ‘gigaproject’ has been dismissed, sources revealed on Thursday. Known as one of the most ambitious development ventures in the kingdom, the project’s rejection of the settlement proposal underscores the complexity of the disputes shadowing its execution. The lawsuit springs from accusations against the ex-chief executive, who claims wrongful termination and financial discrepancies tied to the project’s management. These claims have been firmly denied by the project authorities, who argue that the … Read more

Dakar Rally 2025 Unleashes Early Upsets: Rally Legends Out as Saudi Arabia’s Intense Stages Challenge Even Seasoned Drivers

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As the dust settles in the vast deserts of Saudi Arabia, the 2025 Dakar Rally is proving to be a formidable challenge for participants, further intensifying the legendary status of the race. A particularly grueling 48-hour stage has already reshaped the competition, presenting daunting hurdles from the outset and dramatically altering the fortunes of key racers. Among them, four-time champion Carlos Sainz Sr and WRC legend Sebastien Loeb found their campaigns in tatters early on, highlighting the rally’s unpredictability and the demanding nature of its routes. The Dakar Rally, now in its 47th edition, has … Read more

Spike Lee to Lead Jury at Saudi Arabia’s Red Sea International Film Festival, Celebrating Global Cinema and Emerging Voices

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Jeddah, Saudi Arabia – Celebrated filmmaker Spike Lee is set to lead the jury at the Red Sea International Film Festival’s main competition this December, marking a significant moment for the annual cinematic event now in its fourth year. The festival, which will run from Dec. 5-14 in Jeddah, will feature 16 diverse films vying for top honors in what promises to be a showcase of global storytelling and emerging talent. Among the highlighted entries are Reema Kagti’s “Superboys of Malegaon,” which enjoyed its world premiere at the Toronto Film Festival, and Kurdwin Ayub’s “Moon,” … Read more

Unlocking Economic Growth: Saudi Arabia’s Progressive Civil Laws Seek to Attract Investment amidst Prudent Approach

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RIYADH, Saudi Arabia – Saudi Arabia has recently introduced new civil laws aimed at boosting investment in the country. The government hopes that these changes will attract more foreign investors and encourage economic growth. However, some individuals remain cautious about the potential impact of these laws. Under the new regulations, foreign investors will be granted increased access to sectors that were previously restricted to Saudi nationals. Additionally, companies will now be allowed to set up branches in the Kingdom without the need for a local partner. These measures are part of the government’s broader plan … Read more