Latest news with #Saudi-American
Web Release
31-07-2025
- Business
- Web Release
Emaar The Economic City & Al Tahaluf Sign Deal to Deliver New Residential Projects in KAEC's Al Murooj
Emaar, The Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has signed an agreement with Al Tahaluf, a Saudi-American joint venture comprised of a K. Hovnanian subsidiary and the Hamad bin Saedan Real Estate Company, to develop two premium residential communities in the Al Murooj district. The deal reflects a shared ambition to shape a vibrant coastal district and supports KAEC's goal of attracting high-value development while cementing its position as a lifestyle-led investment destination aligned with Vision 2030's ambitions. Signed at KAEC by Abdulaziz Alnowaiser, CEO of EEC, and Robert Hofmann, CEO of Al Tahaluf, the agreement covers the acquisition of 340 residential lots, ranging from 600 m² to 1,000 m², with built up areas spanning 400 m² to 600 m². These exclusive communities are inspired by a tropical modernism design approach, introducing a signature architectural villa style to the Kingdom. The four-to-five-bedroom villas will offer resort-styled living with expansive glass façades, soaring ceilings, shaded terraces, lush tropical landscaping, and premium finishing. Open concept layouts will connect indoor and outdoor spaces, with gourmet kitchens and private two-car garages, including space for a golf buggy, to support sustainable mobility. The project is tailored for buyers looking to enjoy elevated living along the Red Sea coast, with interest expected to only rise following a recent decision by the Saudi Cabinet to allow foreign property ownership in designated zones starting 2026. Commenting on the signing, Abdulaziz Alnowaiser, CEO of EEC, said: 'This agreement highlights KAEC's continued evolution into a vibrant and future-ready city, offering high-quality residential, commercial, and leisure opportunities. We are delighted to partner with Al Tahaluf, whose presence signals strong investor interest in KAEC's long-term potential as a destination of choice for home buyers in the Kingdom.' 'We at Al Tahaluf are incredibly proud to be part of KAEC's next chapter as a premier luxury lifestyle destination in the Kingdom,' said Robert Hofmann, CEO of Al Tahaluf. 'Set along the breathtaking Red Sea coastline, our new communities at KAEC will offer an unparalleled setting with opportunities for world class championship golf, relaxation, wellness, and a full spectrum of watersports and waterside leisure. With seamless access to the Holy Cities of Mecca and Medina, as well as King Abdulaziz International Airport in Jeddah via the Haramain High Speed Railway, KAEC provides future residents with unmatched connectivity. Combined with pristine beaches, and visionary urban design, it is poised to become a destination of choice for both Saudi and international homebuyers and investors.' Hofmann added that K.?Hovnanian, a leading American homebuilder and managing partner of Al?Tahaluf, will bring its expertise in lifestyle communities and its high-quality standards to the project. Al Tahaluf has set a target of late 2025 to launch sales of the villas. A formal design unveiling is also planned for Cityscape Global later this year. This strategic collaboration advances EEC's ambition to attract foreign direct investment and enable greater private sector participation. With its blend of world-class infrastructure, lifestyle-driven planning, and proximity to Jeddah and the western coast, KAEC continues to strengthen its position as a coastal premier lifestyle destination. The deal also adds momentum to KAEC's expanding development pipeline and aligns with national efforts to diversify the economy and expand high-impact sectors under Vision 2030.
Saba Yemen
28-06-2025
- Politics
- Saba Yemen
Marib… Discussing preparation of executive plan for Sirwah District
Marib – Saba: A meeting in Sirwah District, Marib province, chaired by Governor Ali Taiman, discussed on Saturday the mechanisms for preparing the executive plan for Sirwah District for the year 1447 AH and completing the analysis of the current situation. During the meeting, Governor Taiman emphasized the importance of developing a clear vision and a developmental plan that meets the needs and demands of the community, noting that planning is the cornerstone of developmental work. For his part, the Governorate's Deputy for Development Affairs, Daris Al-Maouadi, highlighted the procedures for preparing the comprehensive development plan based on the actual needs of the community, identifying priorities for developmental and service projects, and working to complete the collection of data for the current situation study of the district. Meanwhile, the Director of Sirwah District, Marei Al-Amiri, urged the heads of the district's executive offices to promptly submit the required plans and data for each office according to the provided templates. He pointed out that Sirwah District requires comprehensive reconstruction due to the extensive destruction of vital service facilities caused by the Saudi-American aggression. Whatsapp Telegram Email Print more of (Local)
Saba Yemen
24-05-2025
- Saba Yemen
Three African migrants injured by Saudi fire
Saada (Saba) – Three African migrants were injured today by Saudi enemy fire and by the explosion of an object left over from the Saudi-American aggression in Saada Governorate. A medical source in Saada confirmed to the Yemeni News Agency (Saba) that three wounded African migrants arrived at a hospital in the governorate, one of them was injured by Saudi enemy fire in the Al Thabit area of the Qataber border district, while two other African migrants were injured by the explosion of an object left over from the Saudi-American aggression in the Yasnim area of the Baqim border district. Whatsapp Telegram Email Print
See - Sada Elbalad
13-05-2025
- Business
- See - Sada Elbalad
Saudi Arabia, US Sign Landmark Energy, Defense, and Economic Deals
H-Tayea Saudi Crown Prince Mohammed bin Salman and US President Donald Trump witnessed the signing of a series of bilateral agreements and memoranda of cooperation between the Kingdom of Saudi Arabia and the United States, covering key sectors including energy, mining, defense, and strategic economic partnership. President Trump arrived at Al-Yamamah Palace in the Saudi capital, Riyadh, where he was received by Crown Prince Mohammed bin Salman. A formal welcome ceremony was held, featuring military honors and the playing of both nations' national anthems. The visit marks a significant step in deepening Saudi-American relations, with the signing of agreements aimed at strengthening collaboration across vital sectors. Among the documents signed was the Strategic Economic Partnership Framework, which lays the foundation for long-term cooperation. President Trump's agenda in Riyadh includes participation in the Saudi-U.S. Economic Forum, where major economic and defense agreements—reportedly valued at one trillion dollars—are expected to be announced. These agreements are anticipated to further expand joint efforts in critical industries and promote sustainable investment between the two countries. The visit will also include a Gulf-U.S. Summit scheduled for tomorrow, bringing together leaders from the Gulf Cooperation Council (GCC) and the U.S. President to discuss regional developments and efforts to enhance collective security and partnership. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Yahoo
13-05-2025
- Politics
- Yahoo
Trump orders end to Syria sanctions and offers olive branch to Iran in speech to Saudi oligarchs
President Donald Trump said he was ordering the lifting of U.S. sanctions on Syria to start the process of normalizing relations between Washington and Damascus in hopes of bolstering the war-torn country's new government, more than a decade after the Obama administration severed diplomatic ties at the outset of the civil war which ended with the ousting of dictator Bashar al-Assad last year. Speaking in Riyadh, where he addressed a Saudi-American investment forum on the first day of his four-day, three country swing through the Middle East, Trump said the new Syrian government 'will hopefully succeed in stabilizing the country and keeping peace' after the country saw 'their share of travesty and war' over 'many years.' He told the audience of Saudi and American dignitaries that Secretary of State Marco Rubio will meet with the new Syrian foreign minister in Turkey later in the week, and citing discussions with Saudi Crown Prince Mohammed bin Salman and Turkish leader Recep Tayyip Erdogan, Trump also revealed that he is ordering 'the cessation of sanctions against Syria' to give the new government 'a chance at greatness.' 'The sanctions were brutal and crippling and served as an important, really an important function, nevertheless, at the time, but now it's their time to shine. It's their time to shine. We're taking them all off,' he said. 'So I say, Good luck Syria. Show us something very special, like they've done, frankly, in Saudi Arabia.' Ahead of the president's speech, a White House official also said Trump had 'agreed to say hello' to Ahmed Hussein al-Sharaa — the former Islamic militant leader who has served as Syria's de facto president since al-Assad fled the country and took up an offer of asylum in Russia last December — even though Sharaa remains on a list of terrorists maintained by the American government. Sharaa once fought with Al Qaeda in Iraq after the U.S-led invasion in 2003. He later led the Syrian branch of the terror organization that carried out the 9/11 attacks, before breaking away in 2016 to form what became Hayat Tahrir al-Sham, the group that ousted Assad. Since coming to power in a blistering offensive last year that swept away the Assad dynasty after more than five decades in power, Sharaa has promised to deliver an inclusive government until free and fair elections can be held. Trump's announcement of an end to more than a decade of harsh economic penalties that had been levied against the former Assad regime as a result of the deposed dictator's use of chemical weapons against the Syrian people and other atrocities came moments after he restated his openness to a relaxing of tensions with the Iranian government. In his remarks, he offered a rhetorical olive branch to Iran and said the United States wants it to be 'a wonderful, safe, great country' if its leaders choose to forswear their longtime pursuit of nuclear weapons, the latest in a series of signals meant to deescalate decades of tensions between Washington and Tehran by reaching a new nuclear nonproliferation agreement eight years after he threw out one reached during the Obama administration. Trump contrasted Iran's economic isolation since the 1979 Islamic revolution and the prosperity that Saudi Arabia has enjoyed over the same time period, during which Riyadh replaced Tehran as America's main ally in the petroleum-rich region. 'Iran's decades of neglect and mismanagement have left the country plagued by rolling blackouts lasting for hours a day all the time you hear about it, while your skill has turned dry deserts into fertile farmland. Iran's leaders have managed to turn green farmland into dry deserts,' he said. 'Iran's decades of neglect and mismanagement have left the country plagued by rolling blackouts lasting for hours a day all the time you hear about it, while your skill has turned dry deserts into fertile farmland. Iran's leaders have managed to turn green farmland into dry deserts.' But the American leader said he had not come to Riyadh to 'condemn the past chaos of Iran's leaders' and instead offered Tehran 'a new path and a much better path toward a far better and more hopeful future.' He said he has always been 'willing to end past conflicts and forge new partnerships for a better and more stable world,' even with those with whom he has had 'profound differences' such as Iran's leaders. 'I have never believed in having permanent enemies. I am different than a lot of people think. I don't like permanent enemies, but sometimes you need enemies to do the job, and you have to do it right,' said Trump, who pointed to America's history of forging alliances with former enemies. He told the audience that he would like to do the same with Iran, provided that the Iranian government chooses to cease causing chaos in the region. 'I want to make a deal with Iran. If I can make a deal with Iran, I'll be very happy if we're going to make your region and the world a safer place. But if Iran's leadership rejects this olive branch and continues to attack their neighbors, then we will have no choice but to inflict massive maximum pressure and drive Iranian oil exports to zero like I did before,' he said. 'Iran will never have a nuclear weapon. But with that said, Iran can have a much brighter future,' Trump continued. 'The choice is theirs to make. We really want them to be a successful country. We want them to be a wonderful, safe, great country, but they cannot have a nuclear weapon.' More follows...
