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 »
Tag Archives: SAUDI ECONOMY
Saudi Arabia, India renew pledge to boost economic ties
:: Saudi Arabia and India have renewed pledges to boost bilateral economic, investment and trade cooperation following talks between King Salman and Indian Finance Minister Arun Jaitley at Al-Yamamah Palace on Sunday. “King Salman and the Indian minister discussed bilateral
Saudi King Salman orders new allowances to offset rising cost of living
:: Saudi King Salman issued a royal decree, on Friday, approving annual gratuity for Saudi civil and military personnel. Based on suggestions by Crown Prince Mohammed Bin Salman, the decree was approved following necessary measures taken to restructure the economy
Program launched to train Saudi female entrepreneurs, innovators in Sweden
:: Sweden and Saudi Arabia have launched a major program to train female entrepreneurs and innovators by creating networks and organizing mutual learning through meetings, study tours, education and interaction with top opinion leaders and decision makers. The first module
Saudi Economic Affairs Council reaffirms commitment to the rights of individuals and corporates
:: Saudi Crown Prince Mohammed bin Salman presided over a regular meeting of the Council of Economic and Development Affairs at Al-Yamamah Palace on Tuesday. The council reviewed the recent royal decree to establish a supreme committee for the investigation
Saudi finance minister pledges greater transparency to lure investors
:: Saudi Finance Minster Mohammed Al-Jadaan told the Future Investment Initiative conference on Wednesday that increased financial transparency was vital to attract foreign investment. He also said it was a key part of the Kingdom’s Vision 2030 program to diversify
Only Saudi Women will be entitled to run females’ supplies stores in the Kingdom
:: Only Saudi women will be entitled to run females’ clothing stores across all regions of Saudi Arabia, following implementation of the third phase of a government decision to feminize such outlets starting from Saturday. The third stage of feminization
We will encourage more foreign investors this year, says Saudi Capital Market Authority head
:: Saudi Arabia intends to expand its stock market this year to attract more foreign investors, and seeks to become an international capital markets hub, Mohammed bin Abdullah bin Ibrahim Al-Kuwaiz, chairman of the Capital Market Authority (CMA), told Reuters
Saudi economy grew in 2016 despite global slump: SAMA
:: While the global economic growth rate declined from 3.4 percent in 2015 to 3.1 percent last year, the Kingdom’s economy grew by 1.7 percent, the Saudi Arabian Monetary Agency (SAMA) reported. King Salman’s “wise leadership was keen on improving
‘We want to keep financial services in the region’
:: Since the Abu Dhabi Global Market (ADGM) declared itself “open for business” some 20 months ago, Richard Teng has clocked up the air miles in his efforts to promote the Arabian Gulf region’s newest financial center around the world
The Saudi economy: ‘With great challenges come great opportunities’
Few would dispute that Saudi Arabia’s economy has witnessed some tough times. But as this week’s Top CEO Conference will hear, there are some golden opportunities amid the gloom that followed the oil-price crash. Some of the burning issues facing
Saudi Arabia to announce ‘Vision 2030’ today
Saudi Arabia will announce its “Vision 2030” on Monday, a comprehensive plan roadmap expected to include various economic and social aspects. The vision is set to prepare the kingdom for an era in which it does not rely heavily on
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