The Latest Breaking News from Kingdom

Saudi Minister of Finance Mohammed al-Jadaan said he is expecting stronger-than-expected growth this year in the non-oil sector underpinned by the structural reforms under Vision 2030. Jadaan asserted that the Kingdom remains committed to prudent policies to maintain monetary and financial stability and preserve a solid fiscal position while accelerating…

Jordan’s Deputy Prime Minister and Foreign Minister Ayman Safadi received a telephone call on Saturday from his Norwegian counterpart, Anniken Huitfeldt, to discuss efforts to restore calm in Jerusalem and its holy sites. According to the Kingdom’s official news agency Petra, talks focused on ways to end the escalation, the…

Official data issued by the Saudi authorities revealed a rise in industrial investment in the Kingdom, confirming the successful endeavor to overcome the repercussions of the Covid-19 pandemic. The Ministry of Industry and Mineral Resources announced that 261 industrial facilities started their operations within the Kingdom in March, with an…

The Saudi Fashion Commission has signed a Memorandum of Understanding (MoU) with Fawaz A. Alhokair and Partners Company to bolster cooperation between the two entities to support Saudi fashion designers, reported the Saudi Press Agency. The agreement was signed at the Ministry of Culture headquarters in the presence of Burak…

Saudi Arabia underlined the importance of international cooperation to support global economic recovery and prevent negative repercussions amid the current international circumstances. Saudi Minister of Finance Mohammad Al-Jadaan revealed the Kingdom’s continuous efforts to support people and countries in need, including its recent provision of urgent support in the amount…

A Saudi economic indicator announced on Wednesday its estimates that the Kingdom's GDP will reach SAR 3 trillion ($895 billion) in 2025, emphasizing the balanced growth of the national economy during the last period. The index, run by the Research and Information Center at the Chamber of Commerce and Industry…

Saudi Arabia called on donor countries to participate in financing the first international fund dedicated to supporting the tourism sector.

The Saudi Cabinet on Tuesday affirmed the Kingdom’s support for efforts that led to a political solution to the Russia-Ukraine crisis to achieve security and stability. It reiterated standing by needy people around the world and alleviating their suffering, including providing urgent medical and shelter aid worth $10 million for…

The Council of Saudi Chambers (CSC) is seeking to open new markets to achieve food security for essential commodities amid the global supply chain crisis. The food supply chain crisis led to an increase in the prices of many food commodities and raw materials, and its impact included the oil…

Saudi Arabia amended the Law on Real Estate Ownership and Investment by non-Saudis to increase and improve the efficiency and effectiveness of the procedures and controls related to the ownership or use of real estate by foreigners, who enjoy natural and legal capacity in cities and economic zones in the…

Saudi Arabia has transferred its $300 million deposit with the Central Bank of Mauritania into a soft loan, as part of the Kingdom’s ongoing efforts in supporting the development and economies of Arab and Islamic states, the Saudi Press Agency reported on Sunday. It said the move came in implementation…