Saudi crown prince meets with Turkish officials
Saudi Arabia’s Crown Prince Mohammed bin Salman met with Turkey’s Finance Minister Nureddin Nebati and Ibrahim Kalin, Turkish President Tayyip Erdogan’s spokesman and chief foreign policy adviser, in Jeddah on Saturday, Saudi state news agency SPA reported. Turkey is hoping for a currency swap deal with Saudi Arabia, after it established one with the United […]
Oman-Saudi bilateral trade soars to over $3bln in H1 2022
Bilateral trade between the Sultanate of Oman and Saudi Arabia more than doubled to exceed RO 1.249 billion during the first half of 2022, compared to RO 595 million in 1H of 2021, entailing an increase of 210%. Saudi Arabia’s exports into Oman were valued at RO 831 million while Oman’s exports to Saudi Arabia […]
Total assets of Saudi Arabia’s banking sector amounted to over $930bln at end of Q2 2022
Minister of Finance Mohammed Al-Jadaan confirmed that the total assets of the banking sector amounted to SR3.5 trillion until the end of Q2 of 2022. Saudi Arabia aims to increase the total to more than 4.5 trillion by 2030. The growing strength of the Saudi economy reflects the solidness of financial policies, and its […]
Oman–Saudi ties established on strong principles and values: Saudi ambassador
Abdullah Saud Al Enezi, Saudi ambassador accredited to the Sultanate, said that the Omani-Saudi relations are distinct and solid and established on stable basis and values that can cope with the new developments. In an interview to Al Shabiba, the sister publication of Times of Oman, on the occasion of the 92th National […]
Al-Falih: Technology impacts the way of investing and living in Saudi Arabia
NEW YORK — Minister of Investment Eng. Khalid Al-Falih stressed that technology has a significant and fundamental impact on the way of investing and living and the mechanisms of interaction between companies. In a dialogue session during the “PRIORITY” Summit organized by the Future Investment Initiative (FII) in New York on the sidelines of the […]
Saudi Crown Prince, US officials discuss energy security in Jeddah
Crown Prince Mohammed bin Salman met on Friday discussed with US officials energy security and investment in the Partnership for Global Infrastructure and Investment. Prince Mohammed met at the Al-Salam Palace in Jeddah, the Coordinator for Middle East and North Africa in the US National Security Council Brett McGurk, and senior advisor for energy […]
Saudi foreign minister reassures safety of released prisoners in phone calls with counterparts
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan bin Abdullah made phone calls on Wednesday with his counterparts of the United States, United Kingdom, Sweden and Croatia. During the talks, he reassured them the safety of the released prisoners from their respective countries. The prisoners, 10 in number, safely arrived in the Kingdom on […]
Third plane of Saudi relief airlift arrives in Pakistan
The third airlift relief plane, dispatched by King Salman Humanitarian Aid and Relief Centre (KSrelief) arrived in Karachi, Pakistan, Wednesday, carrying 30 tons of food, shelter and medical assistance to support flood-affected people throughout the country. The urgent aid, which will benefit 4,212 people, was sent according to a directive from Custodian of the […]
STC subsidiary in process of acquiring Giza Systems for $145mln
Arabia Communications Services Company (Solutions) — one of the subsidiaries of Saudi Telecom Company (STC) — is preparing to acquire the entire stake of B Investments Holding in Giza Systems, which amounts to 44.7%. The Board of Directors of B Investments Holding approved the study of the fair value of the shares of Giza […]
Saudi Cable’s accumulated losses shrink to $16mln
The accumulated losses of Saudi Cable Company plunged by 69.40% to SAR 59.81 million as of 31 July 2022, accounting for 89.60% of the recently reduced capital. The lower accumulated losses followed a 74.60% capital cut to SAR 66.72 million from SAR 262.31 million, according to a bourse filing. In July 2022, the shareholders […]