Saudi banks’ deposits reach $677bn in February, reflecting economic resilience
Saudi banks’ total deposits reached SR2.54 trillion ($677 billion) in February, marking a 10.26 percent increase from the same month last year, the official data showed. Analysis conducted on the data released by the Saudi Central Bank confirmed that growth was primarily fueled by a 26 percent annual increase in time and savings deposits, which […]
Saudi Arabia’s green hydrogen production efficiency positions it as a global leader: report
Saudi Arabia can produce green hydrogen more efficiently than Germany, a recent report comparing the two nations has revealed. Due to favorable environmental conditions, the Kingdom requires notably less investment for target H2 production compared to its European counterpart, according to a new finding by the King Abdullah Petroleum Studies and Research Center. Specifically, Saudi […]
Iraq signs 12 MoUs with Saudi Arabia in investment push
Economic ties between Saudi Arabia and Iraq are poised to strengthen further with the signing of 12 memorandums of understanding for quality investment projects. The Kingdom’s Ministry of Investment announced on ‘X’ that this agreement with the Iraq Development Fund and Saudi companies will enhance cooperation in various investment projects with Baghdad. These MoUs were […]
Saudi ambassador meets French senators in Paris
The meeting offered an opportunity for talks on the strategic partnership between the two countries, and “the economic, cultural and artistic cooperation between them in light of Saudi Vision 2030 PARIS: Fahd bin Mayouf Al-Ruwaili, Saudi Arabia’s ambassador to France, recently met with Vivette Lopez, French senator and secretary of the Foreign Affairs, Defense and […]
Crown prince arrives in Makkah for remainder of Ramadan, receives Somali president and Bahraini counterpart
Crown Prince Mohammed bin Salman arrived in Makkah on Saturday from Jeddah where he will spend the rest of Ramadan, Saudi Press Agency reported. Prince Turki bin Mohammed, Minister of State and Member of the Council of Ministers, foreign minister Prince Faisal bin Farhan, sports minister Prince Abdulaziz bin Turki bin Faisal bin Abdulaziz and Prince Abdullah […]
Saudi Arabia, Somalia welcome UN decision to lift arms embargo on Somalia
Saudi Arabia, Somalia welcome UN decision to lift arms embargo on Somalia . ARAB NEWS