Saudi may privatise 300 public units
Oil giant Saudi Arabia is considering privatising nearly 300 public institutions within plans to expand the private sector’s role in the domestic economy, the Kingdom’s Finance Minister has said. Mohammed […]
Saudi Arabia expresses solidarity with Philippines after flooding causes death and injury
Saudi Arabia’s Foreign Ministry expressed on Sunday the Kingdom’s solidarity with the Philippines after flooding in the country since the start of January has caused death, injury, and people going […]
Saudi-China deal sheet: Major agreements to boost two-way investments
China and Saudi Arabia have signed 35 investment agreements worth about $30 billion, during Chinese President Xi Jinping’s visit to the Kingdom, according to local media reports and press statements. […]
Ministry of Commerce and Capital Market Authority publish the draft implementing regulations of the new companies law for public consultation
The Ministry of Commerce (“MC”) and the Capital Market Authority (“CMA”) announced publishing the Draft Implementing Regulations of the New Companies Law for public consultation for a period of fifteen […]
Opening Gulf summit, Saudi Crown Prince hints at new Saudi vision to bolster GCC states
Crown Prince and Prime Minister Mohammed bin Salman reaffirmed on Friday Saudi Arabia’s intention to present a new vision to further boost the development of the Gulf Cooperation Council […]
Saudi Arabia’s KAPSARC, China’s CNPC ink agreement to advance energy research and innovation
The King Abdullah Petroleum Studies and Research Center (KAPSARC), a leading Riyadh-based advisory think tank, signed a memorandum of understanding (MoU) on Tuesday with the Economics & Technology Research […]
Saudi Arabia and China: Long history, bright future prospects
Diplomatic relations between the Kingdom of Saudi Arabia and the People’s Republic of China are witnessing a distinguished and solid development at a steady pace towards greater cooperation and […]
Energy minister: World can’t bear two weeks without Saudi oil
Energy Minister Prince Abdulaziz Bin Salman said that the world cannot bear two or three weeks without Saudi oil exports. Addressing the 2nd edition of the Global Cybersecurity Forum on […]
Saudi Q3 GDP grows 8.6% y/y – flash estimates
Saudi Arabia’s gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, according to initial government estimates on Monday, as the […]
$128.26mln paid in rent for residents of Jeddah’s developed neighborhoods
The total rents provided to residents of the developed neighborhoods in Jeddah amounted to SR481 million, since the beginning of the removal in October 2021, Makkah Region […]
