Interior Minister, Algeria’s President Discuss Bilateral Ties, Security Cooperation
Acting on the directives of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, Minister of Interior Prince Abdulaziz bin Saud bin Naif bin Abdulaziz met on Monday with President of Algeria Abdelmadjid Tebboune. The meeting took place at the presidential palace in Algiers, the Algerian capital. During […]
Foreign Minister Receives Written Message from Russian Counterpart
Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a written message from Minister of Foreign Affairs of the Russian Federation Sergey Lavrov on bilateral relations between the two countries and ways to support and strengthen them in all fields. The message was received by Vice Minister of Foreign Affairs Waleed Elkhereiji during […]
Saudi events industry showcases different side of Vision 2030
A decade after Vision 2030 was unveiled, Saudi Arabia’s transformation is now being driven by its booming events industry, not just its infrastructure and giga-projects. This sector is expanding rapidly, establishing the country as a leading global hub for tech and business. The Kingdom has successfully attracted over 20 international event brands in recent […]
Saudi Arabia’s real GDP grows 5% in Q3: GASTAT
Saudi Arabia’s economy grew 5 percent in the third quarter from a year earlier, driven by strong gains in both oil and non-oil sectors, official data showed. According to flash estimates from the General Authority for Statistics, oil activities grew 8.2 percent, while non-oil output expanded 4.5 percent and government activities increased 1.8 percent during the […]
PIF set to achieve goal of reaching $1tn in assets by year-end: Al-Rumayyan
Yasir Al-Rumayyan, governor of the Public Investment Fund, said the fund’s assets have tripled since 2015, adding the fund’s goal is to reach $1 trillion by the end of this year, “and we are very close to achieving it.” The PIF has been the cornerstone of Saudi Vision 2030, with its workforce expanding from around […]
In sweeping UN speech, Saudi FM demands end to Gaza genocide, lays out vision for regional peace
Saudi Arabia’s foreign minister on Saturday called for immediate global intervention to stop the genocide in Gaza, defended the multilateral system, and outlined the Kingdom’s strategy for regional stability, environmental sustainability and economic growth. Prince Faisal bin Farhan told the 80th UN General Assembly that Saudi Arabia’s “is proud to be a founding member of […]
Saudi Arabia’s FDI net inflows rise 14.5% in Q2
Saudi Arabia’s foreign direct investment net inflows climbed 14.5 percent year on year to SR22.8 billion ($6.1 billion) in the second quarter, signaling a steady appetite for the Kingdom’s reform-driven economy. The figure, released by the General Authority for Statistics, compared with SR19.9 billion a year earlier. On a quarterly basis, net inflows dipped 3.5 […]
Saudi AUM hits record $295bn, on track for $500bn by 2030: S&P Global
Saudi Arabia’s asset management industry grew 12 percent annually from 2015 to 2024, with total assets reaching nearly $295 billion by the first quarter of 2025, according to S&P Global. In its latest analysis, the credit rating agency noted that the Kingdom’s asset management sector is set to maintain its upward trajectory, supported by robust […]
Crown prince leads Saudi, Arab condemnation of Israel’s ‘criminal’ Doha attack Previous
Saudi Arabia on Tuesday strongly condemned what it described as a “brutal Israeli aggression” against Qatar following an attack on the capital Doha, which Israel said was a strike targeting Hamas officials in the city. In a statement, the Ministry of Foreign Affairs denounced the strike as “a flagrant violation of international law and the […]
Prince Faisal co-chairs Saudi-Tunisian committee to enhance political cooperation Previous
Prince Faisal bin Farhan, Saudi Arabia’s minister of foreign affairs, co-chaired the fourth session of the Saudi-Tunisian Follow-up and Political Consultation Committee with his Tunisian counterpart, Mohamed Ali Al-Nafti, in the capital Tunis on Tuesday. The meeting discussed relationships and common issues between Riyadh and Tunis, the Saudi Press Agency reported. The two sides emphasized […]