Cabinet expresses appreciation to government agencies for efforts to achieve Saudi Vision 2030 goals
The Cabinet expressed its appreciation for the efforts of government agencies that have contributed to the achievements of Saudi Vision 2030 as it approaches the realization of its major goals, Saudi Press Agency reported on Tuesday. According to the vision’s annual report for 2024, 93 percent of its key performance indicators were either fully or […]
Foreign ministers co-chair Saudi-Qatari Coordination Council meeting in Doha
Saudi Foreign Minister Prince Faisal bin Farhan and his Qatari counterpart, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, co-chaired a meeting of the Saudi-Qatari Coordination Council’s executive committee in Doha on Tuesday. The topics for discussion included ways to enhance Saudi-Qatari cooperation in the energy, sports and tourism sectors, and investment activities, the Saudi Press […]
Saudi Arabia welcomes first Hajj pilgrims in Jeddah, Madinah
Saudi Arabia’s Minister of Transport and Logistic Services Saleh Al-Jasser received the first group of Hajj pilgrims on Tuesday at King Abdulaziz International Airport in Jeddah. The flight, carrying 396 pilgrims from Dhaka, Bangladesh, was one of several scheduled to arrive at Jeddah airport and Prince Mohammed bin Abdulaziz International Airport in Madinah. Al-Jasser said: […]
How Modi’s landmark visit to Jeddah added ‘further momentum’ to historic Saudi-India ties
Indian Prime Minister Narendra Modi was escorted by Royal Saudi Air Force F-15 fighter jets ahead of his touchdown in Jeddah on Tuesday, where he was greeted by a 21-gun salute in a ceremonial welcome that highlighted the growing defense ties between the two countries. The visit marked Modi’s first to the Red Sea port […]
Saudi Arabia raises $990m in sukuk in April
Saudi Arabia’s National Debt Management Center raised SR3.71 billion ($990 million) through its riyal-denominated sukuk issuance for April, reflecting a 40.5 percent increase compared to the previous month, according to an official statement. The amount marks a significant rise from March, when the Kingdom secured SR2.64 billion through sukuk. In previous months, Saudi Arabia issued […]
IMF projects 3% growth for Saudi economy in 2025
Saudi Arabia’s real gross domestic product is expected to grow by 3 percent in 2025, with further acceleration to 3.7 percent in 2026, according to the latest World Economic Outlook released by the International Monetary Fund. The forecast marks a downward revision of 0.3 percentage points for 2025 and 0.4 percentage points for 2026 compared […]
Saudi crown prince meets with Indian PM Modi in Jeddah
Saudi Crown Prince Mohammed bin Salman received Indian Prime Minister Narendra Modi at Al-Salam Palace in Jeddah on Tuesday evening. An official reception ceremony was held for Modi and the two leaders held an official session of talks, Saudi Press Agency reported. Prince Mohammed and Modi also chaired the Saudi-Indian Strategic Partnership Council. India’s prime […]
Saudi Arabia, Indonesia sign key agreements to boost trade and mining cooperation
Saudi Arabia and Indonesia have signed a series of memoranda of understanding aimed at enhancing bilateral trade and expanding cooperation in the mining sector. As part of an official visit to Jakarta, Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, signed an MoU with Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, […]
Saudi defense minister arrives in Tehran for an official visit
Saudi Minister of Defense, Prince Khalid bin Salman, arrived on Thursday in the Iranian capital, Tehran, on an official visit, the Saudi Press Agency reported. During the visit, Prince Khalid will hold several meetings to discuss bilateral relations and issues of mutual interest between the two countries. The visit follows renewed diplomatic engagement between the […]
Saudi banks extend $2.4bn in home loans in Feb.; demand broadens across nationals and expats
Saudi Arabia’s banks issued SR8.91 billion ($2.37 billion) in new residential mortgages to individuals in February — a 28.33 percent annual increase, according to official data. Figures from the Saudi Central Bank, also known as SAMA, show that apartment lending recorded the highest growth during this period, rising by 46.45 percent to SR2.9 billion. While […]