Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Category Archives: Economy
China Launching Gold Backed Worldwide Currency – Now the Americans will have to find a reason to go to war against China !!
According to an article, China is recasting all of their gold reserves into small one kilo bars in order to issue a new gold-backed currency. Many say this will disrupt global trade and will eventually cause a collapse of the
27 new colleges to train 53,000 citizens for jobs
Twenty-seven new technical colleges of excellence will be opened across the Kingdom in September with the support of major international service providers, Labor Minister Adel Fakeih announced on Wednesday. Speaking at a workshop organized jointly by the Education and Labor
70 firms invest SR10 billion in KAEC Industrial Valley
King Abdullah Economic City (KAEC) CEO and Managing Director Fahd Al-Rasheed has announced the launch of more than 300 investment opportunities for Saudi and non-Saudi investors with a total value estimated at SR4 billion in real estate and tourism, as
Shoura team in China to improve ties
A delegation from the Saudi-Chinese Friendship Committee at the Shoura Council began an official visit to China on Tuesday with the aim to improve parliamentary relations. Suleiman bin Saad Al-Hamid, the committee chairman, is leading the delegation, which includes several
OIC to discuss extremism, wars affecting Muslims
Foreign ministers of the Organization of Islamic Cooperation (OIC) member states will gather in Jeddah on June 18-19 to discuss a wide range of issues affecting Muslims around the world, including extremism and various conflicts in Africa and the Middle
Prince Alwaleed and Dr. Fayez Takieddine receiving JCI Accreditation
The Kingdom Hospital in Riyadh was recently awarded the Joint Commission International (JCI) accreditation for complying with the world body’s standards for healthcare quality and safety in hospitals. The picture shows Prince Alwaleed Bin Talal, chairman and founder, and Dr.
Kuwait ends subsidies on diesel over deficit fears
KUWAIT CITY — The Kuwaiti government has decided in principle to end subsidies on diesel fuel but will deal with any negative impacts on consumers before implementing the decision, the Cabinet said. Last month, the OPEC member’s government warned that
Bahri finalizing merger agreement with Vela
The National Shipping Company of Saudi Arabia (Bahri), the Saudi flag carrier shipping line, is finalizing its merger deal with Vela’s fleet and operations. Vela is a subsidiary of the world’s largest producer and exporter of oil, Saudi Arabian Oil
Toyota, ALJ to recall Yaris 2006-2010 models
Toyota announced that it is going through its distributor Abdul Latif Jameel Co. (ALJ) to recall specific Yaris models built between 2006 and 2010 for a special maintenance campaign. Toyota pointed out that the recall is to replace the seat
Almarai taps King Abdullah Port as import, warehousing station
JEDDAH – Almarai Company, one of the largest food and dairy products companies in the Middle East, signed a strategic agreement with Ports Development Company (PDC) for the usage of the Bulk Cargo Terminal at King Abdullah Port, to become
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Trade delegation promotes Taiwanese products
A Taiwanese trade team called on Khaled M. Othaibi and Mohammed H. Al-Kathiri, secretary general of Council of Saudi Chambers (CSC) and Riyadh Chamber of Commerce and Industry (RCCI), respectively, on Sunday. “Both officials expressed full support for our delegation
SABIC in move to support cleaner diesel technology
The Saudi Basic Industries Corporation (SABIC) will introduce this year a specific grade of urea, technical grade urea that will allow diesel engines run more efficiently and reduce hazardous emissions. The new grade will be produced at SABIC’s manufacturing affiliate,
IDB mobilizing funds to empower communities
The Islamic development Bank (IDB) is pursuing its plans to become a world-class organization. The bank has been serving the Muslim world over the past four decades and will continue to serve the Muslim Ummah in times to come, says
Gas supply not disrupted by Aramco blaze
A fire broke out at Saudi Aramco’s Berri Gas Plant in Jubail Industrial City on Monday. Firefighting teams put out the blaze within two hours. There were no casualties and the gas supply to the power and water plants would
OIC to discuss extremism, wars affecting Muslims
Foreign ministers of the Organization of Islamic Cooperation (OIC) member states will gather in Jeddah on June 18-19 to discuss a wide range of issues affecting Muslims around the world, including extremism and various conflicts in Africa and the Middle
SAMA steps up measures to check rise in housing rents
The recent decision of the Saudi Arabian Monetary Agency (SAMA) to issue real estate financing licenses to some banks and other financing institutions is expected to rein in the spiraling housing rent in the Kingdom. Former head of the real
Saudi women: Evolving to excel, empower
Local women can now learn the latest skills in fashion designing in the Kingdom instead of going abroad leaving their loved ones behind, a Saudi woman entrepreneur said here. “Future designers have the opportunity to discover, shape, attain, transfer and
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