LuLu KSA’s LuLu India Fest 2024 celebrates rich Saudi-India friendship ties
LuLu KSA’s LuLu India Fest 2024 celebrated the rich Saudi-India friendship ties. Culture, cuisine, and an incredible range of Indian products delighted shoppers during the festival that ran from Jan 24 to 30 across LuLu Saudi outlets. On Jan. 24, 2024, in KSA, LuLu Hypermarket Saudi launched its LuLu India Fest 2024, marking the […]
Saudi Arabia, UN vow to work together to stop land degradation around the world
Saudi Arabia and the United Nations underscored the importance of achieving harmony between countries and working together to stop land degradation around the world in order to live on one land. Both sides reiterated this during a dialogue session held within the ceremony organized by the Ministry of Environment, Water and Agriculture, on the occasion […]
General Authority for Foreign Trade launches workshops to boost Saudi exports
The General Authority for Foreign Trade, represented by the Agency for Private Sector Affairs and International Representation, has launched a series of workshops titled “Through the Attachés” to boost the access of Saudi exports to global markets. These workshops are held periodically to provide Saudi exporters with all procedures and requirements, targeted markets, available […]
SR200 million is minimum limit for public-private partnership project
The minimum limit for a public-private partnership project shall be SR 200 million, according to the amended executive regulations of the Privatization Law. The regulations set the minimum value for the transfer of asset ownership projects at SR 50 million. Saudi Arabia’s official gazette Umm Al-Qura published details of the amended regulations of the Privatization […]
Saudi Arabia pledges SR100 million to fight terrorism
Prince Khalid bin Salman, minister of defense and chairman of the Council of Defense Ministers of the Islamic Military Counter Terrorism Coalition (IMCTC), announced Saudi Arabia’s commitment of SR100 million ($26.6 million) in support of the coalition. He said this while inaugurating the second meeting of the IMCTC defense ministers in Riyadh on Saturday. Ministers of […]
India Middle East Europe corridor a game changer, says minister
The mega India Middle East Europe economic corridor (IMEC) covering the UAE, Saudi Arabia, US, France, Germany, Italy and the EU, will be a strategic and economic game changer for the Asian giant, said the country’s finance minister Niramala Sitharaman while presenting the Interim Budget 2024 today (February 1). A first-of-its-kind initiative, IMEC was unveiled […]
Saudi Arabia launches ‘GenAI for All’ initiative at DCO event
Saudi Arabia has launched a key initiative for the Digital Cooperation Organization (DCO) members – including Bahrain, Kuwait, Cyprus, Djibouti, Gambia and Morocco – that will support their research and development work linked to Artificial Intelligence (AI). A global organization, DCO is aimed at bolstering innovation driven areas and spurring growth of the digital economy, […]
PIF launches new firm to boost Saudi sustainable tech sector
Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) has launched its new entity ‘Alat’ aimed at creating a national champion that will contribute to the aim of making the kingdom a global hub for sustainable technology manufacturing with focus on advanced technologies and electronics. Announcing the new company last night (February 2), His Royal […]
SAMA Governor & ECB President discuss developments in central banking
Saudi Central Bank (SAMA) Governor Ayman Al-Sayari has received European Central Bank (ECB) President Christine Lagarde at SAMA headquarters in Riyadh. During the meeting, the two sides discussed the recent developments in central banking and the outlook for the global economy. The European Central Bank is the prime component of the Eurosystem and the European […]
Saudi’s stc Group to participate at World Defense Show 2024
Saudi Arabia’s stc Group, the engine of digital transformation, is participating as a sponsor at the World Defense Show 2024, to take place from February 4 to 8, 2024, in Riyadh. Held under the theme “Equipped for Tomorrow”, this second edition of the World Defense Show will showcase the future of defense through innovation and […]