Saudi Cabinet approves contracting regulations for firms without regional HQ in Kingdom
The Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, approved crucial regulations impacting government contracts with companies lacking regional headquarters in the Kingdom. This session, held on a Tuesday, also included briefings on recent international discussions aimed at bolstering cooperation and advancing global initiatives. The Cabinet reviewed the situation in Palestinian territories, expressing gratitude […]
Crown Prince to open annual Shoura Council session on Wednesday
On behalf of Custodian of the Two Holy Mosques King Salman, Crown Prince and Prime Minister Mohammed bin Salman will deliver on Wednesday the King’s annual speech, marking the opening of the activities of the fourth year of the 8 the session of the Saudi Shoura Council. This was announced by the Shoura Council Speaker […]
Saudi foreign trade surges 7% to SR178 billion, recording a surplus for 38th month in a row
The General Authority for Statistics (GASTAT) announced on Tuesday that Saudi trade balance achieved a surplus for the 38th month in a row. The volume of foreign trade in October 2023 recorded an increase of seven percent, reaching SR178 billion, compared to SR167 billion in September last year. The authority stated that the Kingdom’s overall […]
Commerce Minister meets regional chamber heads to set 2024 priorities
Minister of Commerce Dr. Majid Al Qasabi met with the heads of commercial chambers from all regions of the Kingdom to discuss their priorities for the year 2024, based on the competitive advantages of each region. During a workshop organized by the Ministry, Al Qasabi emphasized the importance of synergy between the trade ecosystem and […]