Saudi Cultural Fund to launch on Thursday new initiative to finance cultural projects
The Saudi Cultural Fund announced on Tuesday the signing of five cooperation agreements with the Saudi local banks as part of the Fund’s efforts as a major financial supporter of cultural projects and enabler of the cultural sector in Saudi Arabia. The Fund will launch on Thursday a financing program, the first of its kind, […]
Saudi POS hits $3.6bn as education spending surges with academic year start
Saudi Arabia’s point-of-sale transactions climbed to SR13.5 billion ($3.61 billion) between Aug. 11 and 17, reflecting a 3.6 percent increase from the previous week, official data showed. According to the latest figures from the Saudi Central Bank, also known as SAMA, the education sector led the charge, recording a 127.5 percent surge in spending, with total […]
KSrelief dispatches 21 relief trucks meant for flood victims of Sudan
King Salman Humanitarian Aid and Relief Center (KSrelief) launched on Tuesday the departure of 21 relief trucks carrying 23,000 food baskets and 3,464 shelter bags to meet the urgent humanitarian needs of flood victims. The trucks left the Sawakin Port in the Red Sea State of Sudan for the River Nile and Northern States of […]
Saudi Arabia’s refined crude exports up 12% to 1.37m bpd: JODI data
Saudi Arabia’s refinery crude exports increased by 12 percent in June compared to the previous month, reaching 1.37 million barrels per day, according to new data. Figures released by the Joint Organizations Data Initiative show that these products mainly included processed crude used for producing diesel, motor and aviation gasoline, and fuel oil. Diesel comprised 51 […]
Saudi Cabinet underscores state’s utmost keenness on provision of top quality education
The weekly session of the Saudi Council of Ministers, chaired by Custodian of the Two Holy Mosques King Salman in Jeddah on Tuesday, underscored the utmost keenness shown by the state to the education sector and its continuous care for the quality of its outputs. While wishing every success for male and female students on the […]