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Rothschild & Co Opens New Office in Riyadh

King Abdullah Financial District. (SPA)
King Abdullah Financial District. (SPA)
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Rothschild & Co Opens New Office in Riyadh

King Abdullah Financial District. (SPA)
King Abdullah Financial District. (SPA)

Rothschild & Co announced on Sunday the opening of its new office in Riyadh as part of its strategic expansion into the Kingdom of Saudi Arabia, further strengthening its presence in the Middle East.
This move reflects Rothschild & Co’s commitment and conviction to the growth potential in the Kingdom of Saudi Arabia, according to the company’s statement.
The new Riyadh office, located at the King Abdullah Financial District, will enable Rothschild & Co to deliver a comprehensive suite of advisory services including Mergers & Acquisitions, Debt Advisory & Restructuring, and Equity Markets Solutions.
Leveraging the region's rich talent pool and Rothschild & Co's accomplished leadership, its new Riyadh office will enhance the Group’s business by offering their growing client base greater local proximity for strategic advice, the statement added.
The new Riyadh office will be led by Nasser Al Issa, Managing Director and Head of Saudi Arabia, along with a team of expert bankers bringing a wealth of experience and knowledge to the region.
Having been at the center of the world's financial markets for over 200 years, the Company has a team of 4,200 talented financial services specialists on the ground in over 40 countries across the world.
Saeed Al Awar, Partner and Head of the Middle East at Rothschild & Co, said: "We are excited to establish our presence in Riyadh. The opening of our Riyadh office is a significant milestone in our ongoing efforts to expand our regional footprint in key and critical markets.”
“Saudi Arabia represents a fundamental pillar of our Middle East strategy,” he added, noting that seven bankers are relocating to the Kingdom “to support the continued economic growth and increased activity within the Kingdom."
Nasser Al Issa commented: “The Kingdom of Saudi Arabia is a key economic pillar of the Middle East region and Riyadh city is rapidly becoming a key financial and economic hub in the Middle East.”
He added, “I will be joined in Riyadh with a number of experienced bankers given our belief that clients are best served on the ground and from the Kingdom.”

 

 

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SAUDI EXPORTS, Heritage Commission Launch 'Saudi Crafts' Brand at Made in Saudi Expo 

The launch of Saudi Crafts took place during the third annual Made in Saudi Expo held at the Riyadh. (SPA)
The launch of Saudi Crafts took place during the third annual Made in Saudi Expo held at the Riyadh. (SPA)
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SAUDI EXPORTS, Heritage Commission Launch 'Saudi Crafts' Brand at Made in Saudi Expo 

The launch of Saudi Crafts took place during the third annual Made in Saudi Expo held at the Riyadh. (SPA)
The launch of Saudi Crafts took place during the third annual Made in Saudi Expo held at the Riyadh. (SPA)

The Saudi Export Development Authority (SAUDI EXPORTS), through its “Made in Saudi” program, announced on Monday the official launch of the “Saudi Crafts” sub-brand in cooperation with the Heritage Commission.

The launch of Saudi Crafts, part of the national Saudi Made brand, took place during the third annual Made in Saudi Expo held at the Riyadh from December 15 to 17, coinciding with the Year of Handicrafts.

Saudi Crafts was unveiled during “Banan: The Saudi International Handicrafts Week” in November, marking a new step in efforts to develop the handicrafts sector, empower male and female artisans, and strengthen the integration of their products within the national industrial ecosystem.

The Saudi Crafts sub-brand will highlight Saudi handicrafts as products that embody creativity, authenticity, and quality, presenting them in a contemporary manner that boosts their competitiveness in local and global markets under the umbrella of the national Saudi Made brand.

This year's Made in Saudi Expo allocated dedicated spaces to showcase artisans' products, introduce national handicraft skills, and connect artisans with supporting entities and potential buyers, thus expanding growth opportunities. It reinforces the presence of Saudi handicrafts as a key element of the Kingdom's cultural and economic identity.

The official launch of the Saudi Crafts sub-brand represents a key milestone in joint national efforts to develop creative industries, support the sustainability of local crafts, and increase the visibility of Saudi products in domestic and international markets.

Business

13th Saudi Smart Grid Conference Opens in Riyadh

The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)
The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)
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13th Saudi Smart Grid Conference Opens in Riyadh

The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)
The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)

The 13th Saudi Smart Grid Conference (SASG 2025), and its accompanying exhibition, opened in Riyadh on Monday under the patronage of the Saudi Ministry of Energy.

Held the theme “Innovation Today for a Sustainable Tomorrow,” the three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions presenting 225 scientific papers on global advancements in smart grid systems.

In an opening address, Assistant Minister of Energy for Electricity Affairs, Eng. Nasser Al-Qahtani highlighted the continued support extended to the energy sector by the Kingdom’s leadership.

He commended the Minister of Energy’s support for convening and sponsoring the conference, noting its importance in advancing dialogue on smart grid technologies.

“Smart grid technologies are a cornerstone of the global energy transition,” Al-Qahtani said. “They enable improvements across electricity generation, transmission, and distribution, while strengthening grid security and reliability.”

In line with Saudi Vision 2030, the Ministry of Energy is advancing long-term planning to optimize the use of the Kingdom’s diverse energy resources, with the aim of strengthening grid security and resilience and improving generation efficiency, he added.

These efforts reinforce Saudi Arabia’s leadership in this vital sector, position the Kingdom as a global hub for electricity interconnection and renewable power exports, and support the development of a regional electricity trading market, an optimal energy mix, and national emissions-reduction targets, he remarked.

Al-Qahtani stressed that the Kingdom’s electricity sector has undergone significant transformation in recent years, including major upgrades to grid infrastructure to enhance readiness for renewable energy integration and energy-storage systems.

“Smart grids are a fundamental component of electricity sector development,” he said. “They enhance incident response, accelerate system recovery, and improve service reliability by analyzing smart-meter data through the use of artificial intelligence to support proactive, data-driven decision-making.”

He noted that distribution network automation in the Kingdom reached approximately 40% by the end of 2025, an optimal level in line with international best practices in terms of return on investment.

He also highlighted the development of renewable power projects with a combined capacity of nearly 64 gigawatts, of which 12.3 gigawatts have already been connected to the national grid.

Additionally, battery energy-storage systems with a total capacity of 30 gigawatt-hours are under development, with 8 gigawatt-hours already grid-connected. These projects, he said, play a critical role in enabling the grid to balance real-time fluctuations between supply and demand resulting from the variable nature of renewable energy sources.

The opening ceremony included the recognition of the Energy Hackathon winners, the exchange of agreements, and the inauguration of the accompanying exhibition.

The conference provides a global platform for sharing expertise and forging partnerships in smart grids and the digital economy, and convenes international experts, decision-makers, researchers, and specialists.

Discussions will address key challenges and opportunities across the power sector, renewable energy, regulation and the future of smart grids, with emphasis on technology localization, capacity building and technical partnerships to strengthen smart infrastructure and support a sustainable, investment-friendly and innovation-enabling energy ecosystem.

The conference will also explore the integration of renewable energy sources, the latest developments in electricity storage solutions and smart load-management systems, as well as the role of cybersecurity in protecting energy infrastructure and strengthening system reliability.

Business

Saudi Industry Minister, Syrian Counterpart Visit Made in Saudi Expo 

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar at the Ministry of Interior’s pavilion at the Made in Saudi Expo 2025 in Riyadh. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar at the Ministry of Interior’s pavilion at the Made in Saudi Expo 2025 in Riyadh. (SPA)
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Saudi Industry Minister, Syrian Counterpart Visit Made in Saudi Expo 

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar at the Ministry of Interior’s pavilion at the Made in Saudi Expo 2025 in Riyadh. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar at the Ministry of Interior’s pavilion at the Made in Saudi Expo 2025 in Riyadh. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar visited the Ministry of Interior’s pavilion at the third annual Made in Saudi Expo 2025 in Riyadh, reported the Saudi Press Agency on Tuesday.

The event is being held from December 15-17.

The ministers reviewed efforts to localize spending on military and technological systems and promote national products and solutions in security and service sectors, including the Saudi armored vehicle “Al-Dahna,” the ministry’s e-platform “Absher,” and the “ASEF II” drone for environmental security and sustainability.

They also explored electronic services for citizens, residents, and visitors, as well as key developmental projects within the ministry and its security sectors.