KSrelief distributes hygiene kits in Sudan, Syria
The Saudi aid agency KSrelief has distributed hygiene kits to displaced and needy families in Sudan and Syria, the Saudi Press Agency reported. The aid group gave out 620 kits to the needy in Sudan’s Sinar State, benefiting 3,100 people. The agency also handed out 435 shelter kits to 2,175 people in River Nile State, […]
Saudi Arabia says no involvement with strikes targeting Hodeidah
Saudi Arabia on Sunday said it had nothing to do with the Israeli air strikes on Yemen’s city of Hodeidah and that it will not allow anyone to use the Kingdom’s airspace for offensive purposes. “The Kingdom has no relation or involvement in the targeting of Hodeidah, and the Kingdom will not allow any entity […]
Saudi Arabia’s space sector soars with strategic initiatives
Saudi Arabia’s bid to become a leading player in the global space industry gained momentum with the recent unveiling of Neo Space Group, a strategic initiative to foster private sector growth. Backed by the Public Investment Fund, the group will invest in local and international assets, venture capital opportunities, and cutting-edge technologies to advance the […]
Saudi Arabia’s foreign direct investment stock hits $218bn in Q1
Saudi Arabia’s foreign direct investment stock reached SR817.7 billion ($218 billion) in the first quarter of 2024, marking a 6.1 percent rise compared to the same period last year, recent data showed. A report released by the Ministry of Investment indicated that this growth reflects increasing confidence among foreign investors in the Saudi investment ecosystem. […]