Riyadh news today

Here are the latest news from Riyadh, Saudi Arabia:

Top Stories

  1. Saudi Arabia to host G20 Summit in 2023: Riyadh has been selected to host the G20 Summit in 2023, marking the first time the event will be held in the Middle East. The summit is expected to bring together leaders from the world's 20 largest economies to discuss global economic issues. (Source: Arab News)
  2. King Salman issues royal decree to establish new city: King Salman has issued a royal decree to establish a new city in Riyadh, which will be called "Al-Nakheel" (The Palm). The city will be built on a 100-square-kilometer plot of land and will feature residential, commercial, and recreational areas. (Source: Saudi Gazette)
  3. Riyadh to host Formula E electric car racing event: The Saudi capital will host the Formula E electric car racing event on February 26-27, 2023. The event will feature some of the world's top drivers and teams competing in electric cars. (Source: Gulf News)

Business and Economy

  1. Saudi Arabia's non-oil sector grows 2.5% in Q3: The Saudi Arabian Monetary Authority (SAMA) has reported that the country's non-oil sector grew by 2.5% in the third quarter of 2022, driven by a rise in construction and manufacturing activities. (Source: Bloomberg)
  2. Riyadh's real estate market sees surge in demand: The real estate market in Riyadh has seen a surge in demand, with prices rising by up to 20% in some areas. The demand is driven by a growing population and a lack of supply. (Source: Saudi Gazette)
  3. Saudi Arabia's Tadawul stock exchange sees record high: The Saudi stock exchange, Tadawul, has seen a record high in trading volumes, with over 1.5 billion shares traded on Monday. The market has been boosted by a rise in oil prices and a surge in investor confidence. (Source: Arab News)

Sports

  1. Riyadh to host AFC Champions League final: The Saudi capital will host the AFC Champions League final on December 18, 2022. The event will feature the top teams from Asia competing for the title. (Source: Gulf News)
  2. Saudi Arabia's Al-Hilal wins Arab Club Champions Cup: Al-Hilal, Saudi Arabia's most successful football club, has won the Arab Club Champions Cup, defeating Egypt's Al-Ahly 2-1 in the final. (Source: Saudi Gazette)

Other News

  1. Riyadh's winter festival to feature ice skating, snowboarding: The Riyadh Winter Festival will feature ice skating and snowboarding activities, as well as other winter-themed events and attractions. The festival will run from December 15 to January 15. (Source: Arab News)
  2. Saudi Arabia's King Salman issues royal decree to establish new university: King Salman has issued a royal decree to establish a new university in Riyadh, which will focus on science, technology, engineering, and mathematics (STEM) fields. (Source: Saudi Gazette)