Saudi artist Raghad Al-Ahmad discusses her Adidas collaboration 

Saudi artist Raghad Al-Ahmad discusses her Adidas collaboration 
Al-Ahmad has collaborated with Adidas on their first capsule collection tailored for the Saudi market, in celebration of the Kingdom’s upcoming National Day on Sept. 23. (Supplied)
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Updated 12 September 2024
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Saudi artist Raghad Al-Ahmad discusses her Adidas collaboration 

Saudi artist Raghad Al-Ahmad discusses her Adidas collaboration 
  • Al-Ahmad worked on the brand’s first capsule collection tailored for the Saudi market 

DUBAI: For Saudi artist Raghad Al-Ahmad, the chance to incorporate her roots and identity into the fabric of the famed apparel company Adidas was a dream come true. 

Al-Ahmad has collaborated with Adidas on their first capsule collection tailored for the Saudi market, in celebration of the Kingdom’s upcoming National Day on Sept. 23. 

The collection — called “Bloom Sky” — features the usual crop of functional unisex pieces including pants, shorts, sweaters, jackets, hoodies and t-shirts. 




The collection — called “Bloom Sky” — features the usual crop of functional unisex pieces including pants, shorts, sweaters, jackets, hoodies and t-shirts. (Supplied)

In addition, it has women’s modest-wear pieces including abayas and hijabs, all with a distinct Al-Ahmad touch. 

“I believe we need to respect and integrate cultural elements into our collection. By including modest wear, we can connect with individuals who value this aspect of their culture, creating a complete experience,” Al-Ahmad tells Arab News. 

“As a designer who wears abayas daily and strives to be modest through layering and matching, I understand the importance of these elements. Adding them to our collection will have a significant impact, allowing us to craft something that truly resonates with the culture we are embracing.” 




A piece from the 'Bloom Sky' collection. (Supplied)

The name of the collection is inspired by a poem by Makkah Governor Prince Khaled Al-Faisal. The first sentence of the Arabic poem translates to: “The sky is pink and my desert is blooming.” 

“As an Arab, I’ve grown up in a culture where poetry is a significant form of expression. I remember my grandmother always reading poems she had written, and my mother, who loved collecting poetry books,” Al-Ahmad says. “I am particularly inspired by Prince Khaled’s poetry and his vivid descriptions of the natural world around him.” 

The collection, which depicts iconography symbolizing flowers and stars, is an ode to all things Saudi and Al-Ahmad took inspiration from her everyday surroundings. 




Al-Ahmad (R) working on her designs with a member of the Adidas team. (Supplied)

“My dad, an adventurer, retired from flight maintenance and began exploring Saudi Arabia in his motorhome. He opened a gateway to the country’s wonderful nature, camping amid the desert’s beauty,” the Jeddah-born artist explains. 

“He introduced me to the captivating Saudi lavender flowers, showing his happiness surrounded by them in the desert. We found inspiration in the contrast between the sand’s color and the vibrant lavender.” 

Al-Ahmad is a multi-disciplinary experimental artist who likes to work in mediums including collage, installation, sculpture and digital films 

This isn’t Al-Ahmad’s first partnership with an international brand. For example, in 2021 she collaborated with French luxury label Jean Paul Gaultier to create playing cards that represent and celebrate the Kingdom’s culture on the occasion of Saudi National Day. 

The “Bloom Sky” collection is part of Adidas’ efforts to collaborate with and promote artists from the region. 

In recent years, the company has forged strategic partnerships across the region with governing bodies, sporting organizations, teams, and clubs, with a focus on promoting women's participation in sports and improving access to athletic opportunities. 

“I was amazed by the Adidas team’s curiosity and their ability to adopt my culture in many ways, translating it into a product that everyone appreciates,” Al-Ahmad says. “The team paid attention to every detail, and for that, I am deeply grateful. Special thanks to each member … for bringing an innovative approach to my culture.” 


Saudi banks post 3.7% loan growth in Q3 amid rising credit demand: report

Saudi banks post 3.7% loan growth in Q3 amid rising credit demand: report
Updated 3 min 35 sec ago
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Saudi banks post 3.7% loan growth in Q3 amid rising credit demand: report

Saudi banks post 3.7% loan growth in Q3 amid rising credit demand: report

RIYADH: Saudi Arabia’s banking sector recorded a 3.7 percent sequential increase in loans and advances in the third quarter of 2024, driven by a 4.4 percent surge in corporate and wholesale banking, according to Alvarez & Marsal. 

Deposit growth lagged behind, rising 1.4 percent during the same period, as credit demand continued to outpace deposit mobilization.   

“The continued positive performance in the third quarter of 2024 reflects a balance of growth and improved cost efficiencies among Saudi banks. Profitability has increased primarily due to an increase in non-interest income amid a moderate rise in impairment charges,” Asad Ahmed, managing director of A&M Financial Services, said. 

He added: “As the Saudi Central Bank maintains interest rates in line with the US Fed, potential further rate cuts in the coming quarters are likely to affect interest margins. Focus on non-interest income and improved cost efficiencies will remain central going forward.” 

Time deposits grew by 4.2 percent, underscoring the high-interest rate environment. The loan-to-deposit ratio exceeded 100 percent, indicating that credit demand outpaced deposit mobilization. 

Operating income increased by 6.0 percent during the quarter, driven by a 15.2 percent rise in non-interest revenue. This contributed to an overall improvement in the cost-to-income ratio, which fell by 31 basis points to 31.0 percent. 

Net income rose by 5.3 percent, reaching SR20.5 billion, even as impairment charges surged by 30.4 percent. 

The Saudi Central Bank reduced repo rates by 50 basis points in line with the US Federal Reserve’s actions. Despite this, net interest margins remained steady at 2.95 percent, supported by an 18-basis-point increase in the yield on credit to 8.6 percent and a slight rise in the cost of funds to 3.5 percent.   

Saudi Arabia’s Vision 2030 continues to drive non-oil economic growth, spurring consumer spending, tourism, and construction activities.  

Financial institutions are also prioritizing digital transformation. For example, Al Rajhi Bank’s acquisition of a controlling stake in “Drahim,” a management platform, highlights the growing integration of traditional banking and fintech. 

According to the report, Saudi banks are well-positioned for sustainable growth as they focus on enhancing non-interest income and operational efficiency in a dynamic economic environment. 

While geopolitical challenges and oil market fluctuations present risks, the Kingdom’s banking sector remains resilient, playing a key role in advancing the broader economic objectives outlined in Vision 2030.


Saudi clubs’ supremacy shines brighter light on AFC Champions League Elite

Saudi clubs’ supremacy shines brighter light on AFC Champions League Elite
Updated 7 min 27 sec ago
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Saudi clubs’ supremacy shines brighter light on AFC Champions League Elite

Saudi clubs’ supremacy shines brighter light on AFC Champions League Elite
  • It is hard to look past Al-Hilal, Al-Nassr or Al-Ahli for the title, especially with the home ground advantage in the knockout stages

AUSTRALIA: The recent surge in investment in the Saudi Pro League has, on the whole, been a positive thing for Asian football, with more eyeballs and interest in not only one of Asia’s flagship domestic leagues, but also in their showpiece continental tournaments.

Having the likes of Cristiano Ronaldo, Neymar and Riyad Mahrez grace the fields of Asia’s premier club competition certainly gives it more international credibility and visibility.

Wherever Ronaldo goes with Al-Nassr, the crowds follow. There were unbelievable scenes in Iran last year when the Riyadh giants traveled to play Persepolis, while just this week more than 37,000 filled the cavernous Al-Bayt Stadium in Qatar to watch Al-Nassr edge local side Al-Gharafa.

Before the Ronaldo show rolled into town, Al-Gharafa had averaged a little over 4,000 spectators to their three other games this season.

Last season, meanwhile, Indian champions Mumbai City had to move their game with Al-Hilal to a bigger stadium, such was the rush for tickets for the arrival of Neymar; and although his ACL injury a few weeks prior quelled that excitement, more than 30,000 turned up.

The Saudi clubs are now box office wherever they go, and add a level of prestige to the competition that it has long needed.

The AFC Champions League has always maintained a level of prestige among Saudi clubs and fans, so it is no surprise that they have contested the final over the two decades since its initial reformatting in 2002.

Al-Ittihad won back-to-back titles in 2004 and 2005, while finishing as runners-up in 2009. Their Jeddah rivals Al-Ahli also fell one win short in 2012, losing the final in South Korea to Ulsan Hyundai, while Al-Hilal made it a hat-trick of defeats when they suffered a shock loss to Australia’s Western Sydney Wanderers in 2014.

Since then, the giants from Riyadh have made it their mission to dominate the continental scene, with a further four appearances in the final for a record of two wins and two losses while appearing in three of the last five finals.

All of that is to say Saudi clubs have a long and proud history in the AFC Champions League — which has now been rebranded as the AFC Champions League Elite — long before the record investment into the league over the past 18 months.

But what many feared, particularly on the eastern side of the continent, was that the scale of the investment would make the AFC Champions League Elite a plaything for Saudi clubs, with the other 21 clubs unable to compete or match the levels of investment and the quality of players at their disposal.

Al-Ain did a good job of upsetting the apple cart last year with wins over Al-Nassr and Al-Hilal in the quarterfinal and semifinal respectively, on their march to claiming a second continental title.

That may ultimately prove to be the exception rather than the norm, however.

A look at this year’s AFC Champions League Elite, the first tournament being staged with the new format of just 24 teams and an eight-game league stage format — similar to that of the UEFA Champions League — suggests that maybe the dam is about to burst when it comes to the dominance of Saudi clubs.

With three games still to play in the league stage, all three Saudi clubs — Al Hilal, Al Ahli and Al Nassr — are safely through to the round of 16.

Their combined record stands at 15 games played, 13 games won, two games drawn and zero losses. They have scored 41 goals and conceded just 13.

The group stage is not yet completed and already it is hard to look past one of the trio for the title, especially when you consider they will have the considerable home ground advantage in the knockout stages after the controversial decision by the AFC to stage the knockout rounds (from the quarterfinals onward) in a central location, with Saudi Arabia awarded the hosting rights for the foreseeable future.

One has to factor in the randomness of the knockout stage draws that could see Saudi clubs drawn together, and therefore taking each other out before getting to the pointy end. But with the AFC also doing away with the east-west split from the quarterfinals onward, there is also the possibility of all three making the semifinals, or even an all-Saudi final.

For Scott McIntyre, who has been reporting on Asian football for more than two decades, the writing is already on the wall for clubs in the east.

“I don’t think anyone from the east can challenge any of the Saudi clubs,” the Japan-based McIntyre recently said on “The Asian Game Podcast,” adding: “The game has shifted so far to the west that as long as things stay as they’re now and the spending is unrestricted in the west, and it’s not in the east, unless there’s a change in format I just can’t see anyone from the east challenging.

“For me (the tide) has shifted remarkably, and you just can’t compete with the financial powers that the west has. That’s the reality we’re living in.”

Based on the first five rounds this season, the era of Saudi domination appears to be here — and here to stay.


Trump cabinet pick criticizes New York’s deal to rent Pakistan’s Roosevelt Hotel for $220 million

Trump cabinet pick criticizes New York’s deal to rent Pakistan’s Roosevelt Hotel for $220 million
Updated 11 min 51 sec ago
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Trump cabinet pick criticizes New York’s deal to rent Pakistan’s Roosevelt Hotel for $220 million

Trump cabinet pick criticizes New York’s deal to rent Pakistan’s Roosevelt Hotel for $220 million
  • Vivek Ramaswamy has been picked by Trump to co-lead ‘Department of Government Efficiency’
  • New York’s iconic Roosevelt Hotel was repurposed into an arrival center for migrants last year

ISLAMABAD: Vivek Ramaswamy, US President-elect Donald Trump’s choice to co-lead a new government department, on Sunday criticized a deal by the New York City government to rent the Pakistan-owned Roosevelt Hotel for a whopping $220 million for what he said were “illegal migrants.”
Cash-strapped Pakistan rented out its iconic Roosevelt Hotel to the New York City government for three years, as per an agreement reached last year. 
Pakistan’s then aviation minister Khawaja Saad Rafique said that the New York administration would pay a rent of as much as $210 for each of the 1,025 rooms of the century-old hotel owned by the state-run Pakistan International Airlines (PIA). 
The New York City administration has repurposed the Roosevelt Hotel as an arrival center for migrants where they can get access to vaccines, food and other resources. 
“A taxpayer-funded hotel for illegal migrants is owned by the Pakistani government which means NYC taxpayers are effectively paying a foreign government to house illegals in our own country,” Ramaswamy wrote on social media platform X, responding to a post by American author John Lefevre. 
“This is nuts.”
Roosevelt Hotel was closed by Pakistani authorities in October 2020 during the coronavirus pandemic, as the country’s economy weakened and the aviation sector faced significant losses.
However, the facility accumulated liabilities of around $25 million in taxes and other overheads.
Ramaswamy, a former Republican presidential candidate, will co-lead a newly created Department of Government Efficiency with billionaire Elon Musk. Trump has indicated the department will operate outside the confines of government.


Dubai Basketball lose to Serbia’s FMP in last-gasp heartbreaker

Dubai Basketball lose to Serbia’s FMP in last-gasp heartbreaker
Updated 17 min 31 sec ago
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Dubai Basketball lose to Serbia’s FMP in last-gasp heartbreaker

Dubai Basketball lose to Serbia’s FMP in last-gasp heartbreaker
  • The 86-84 defeat in Belgrade leaves Dubai with a 7-3 ABA League record

Dubai: Dubai Basketball suffered a narrow 86-84 defeat at the hands of Serbia’s FMP Soccerbet in a thrilling ABA League game that was decided in the last eight seconds.

Following the international break last weekend, Dubai went into the Round 10 clash at Belgrade’s Arena KK FMP, looking to build on their home win against KRKA.

However, they left Serbia with their third loss of the season after a nail-biting finish. With only two seconds remaining, Dubai had a chance to tie the game up at 86 apiece, but Nate Mason missed both free throw attempts to leave FMP the winners. The result means Dubai Basketball takes their record to 7-3 for the season.

While captain Klemen Prepelic finished as Dubai Basketball’s top scorer with 19 points, and Ahmet Duverioglu led the charts with eight rebounds, head coach Jurica Golemac felt his players left too many opportunities on the court. By the final buzzer, FMP outrebounded Dubai 30-20, including 8-2 on the offensive glass.

“We said before the start that we would have to respond to their great energy, which was at a high level after the change of coach for them, and that we had to take care of the rebounds, which we didn’t do. With a game like that, you can’t win on the road,” Golemac said.

“We are all disappointed but there are still a lot of games to be played during the season and we will continue working hard to get as many wins as possible.”

In a closely fought encounter, Dubai trailed by six points in the first quarter but found their rhythm to go into half-time with a 42-39 lead, with a now healthy Davis Bertans, playing in his first game since Round 7, among the point scorers.

Early in the third quarter, the visitors found themselves holding a 12-point lead (51-39) but FMP responded strongly to end the quarter at 62-61. In the final 10 minutes, Dubai’s Isaiah Taylor’s driving layup put his team in the lead at 82-84 with just 1:04 remaining; but FMP’s Jan Novak tied the game with a bucket with just under a minute left, before Rebec drove to the basket and made a decisive layup that ultimately sealed the victory for the home team.

Dubai will next be on the road when they take on Croatia’s Zadar on Friday, Dec. 6, before their highly anticipated return to the Coca-Cola Arena on Sunday, Dec. 15, when they face Mornar.


Turkish-backed Syrian militants blocked Kurdish plan, Turkish security sources say

Turkish-backed Syrian militants blocked Kurdish plan, Turkish security sources say
Updated 28 min 22 sec ago
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Turkish-backed Syrian militants blocked Kurdish plan, Turkish security sources say

Turkish-backed Syrian militants blocked Kurdish plan, Turkish security sources say
  • Militants blocked an attempt by Kurdish groups to establish a corridor connecting Tel Rifaat to northeastern Syria

ANKARA: Turkiye-backed Syrian militants who are fighting Syrian President Bashar Assad have blocked an attempt by Kurdish groups to establish a corridor connecting Tel Rifaat to northeastern Syria, Turkish security sources said on Sunday.
Turkiye refers to this group of rebels as Syrian National Army.
The sources said that Kurdish groups, including the PKK and YPG, had sought to take advantage of Syrian government forces withdrawing from parts of the country under the control of Assad’s forces.
The corridor would have linked the Kurdish-held northeastern regions to Tel Rifaat, a strategic area northwest of Aleppo.