Saudi deputy FM participates in Sudan peace efforts meeting
Saudi Arabia’s Deputy Minister of Foreign Affairs Waleed Al-Khuraiji participated on Wednesday in the Second Consultative Meeting Enhancing Coordination of Peace Initiatives and Efforts in Sudan, the Saudi Press Agency said. During the meeting held in Djibouti, he reiterated the Kingdom’s continued efforts to resolve the Sudanese crisis, and its welcome and openness to international […]
Saudi Arabia’s non-oil exports hit 2-year high at $7.70bn in May: GASTAT
Saudi Arabia’s non-oil exports hit a two-year high in May, reaching SR28.89 billion ($7.70 billion), an 8.2 percent increase compared to the same month in 2023. According to the General Authority for Statistics, this also represented a 26.93 percent growth from April. Strengthening the non-oil private sector remains a pivotal goal for Saudi Arabia as the […]
Saudi Arabia, Brazil eye stronger economic ties with joint projects
Saudi Arabia’s Deputy Minister of Foreign Affairs Waleed Al-Khuraiji participated on Wednesday in the Second Consultative Meeting Enhancing Coordination of Peace Initiatives and Efforts in Sudan, the Saudi Press Agency said. During the meeting held in Djibouti, he reiterated the Kingdom’s continued efforts to resolve the Sudanese crisis, and its welcome and openness to international […]
Moody’s affirms Islamic Development Bank’s AAA rating
Moody’s Investor Services has affirmed its AAA credit rating with a stable outlook for the Islamic Development Bank, driven by the financial institution’s robust asset performance. In a press release, IsDB said that its short-term issuer rating has been affirmed at Prime-1 by the US-based agency, the highest tier on offer. IsDB has been rated AAA by […]
Temporary ban on Brazilian poultry imports will not impact Saudi market, says committee
The National Committee of Poultry Producers at the Federation of Saudi Chambers has downplayed the impact of the temporary ban on importing poultry products from Brazil due to the outbreak of Newcastle disease on the Saudi market. The committee’s chairman, Mohammed Al-Shaya, stated that the temporary ban from Brazil would not significantly affect the quantities […]