Russia’s Siluanov visits Saudi Arabia ahead of Russia-US talks
Russian Finance Minister Anton Siluanov visited Saudi Arabia on Sunday ahead talks between Russia and the United States in the Kingdom scheduled for next week. Siluanov was speaking at an event called AlUla Conference for Emerging Market Economies, organized by the Saudi Ministry of Finance and the International Monetary Fund. US and Russian officials will […]
Global financial leaders convene in Saudi Arabia to address emerging market risks
Sovereign debt risks, structural reforms, and trade policies take center stage as global financial leaders and policymakers convened in Saudi Arabia for the first AlUla Conference for Emerging Market Economies. The high-profile summit comes amid ongoing economic turbulence, with leaders seeking solutions to enhance financial stability and resilience. The two-day event, hosted by the Saudi […]
Saudi EXIM Bank and ITFC Sign Financing Agreement for Alizz Islamic Bank
Saudi Export-Import Bank (Saudi EXIM) and the International Islamic Trade Finance Corporation (ITFC) have signed an implementation agreement for a $5 million line of financing in favor of Alizz Islamic Bank in the Sultanate of Oman under the KSA SMEs Export Empowerment Program. The agreement aims to enhance the access of Saudi non-oil exports to […]
Minister of Transport Underscores Private Sector’s Role in Advancing Transport and Logistics
Minister of Transport and Logistic Services Saleh Al-Jasser emphasized the private sector’s pivotal role in the transport and logistics ecosystem, highlighting its expanding contributions. He noted that 80% of investment targets in the sector are expected to be met through various partnership models. Speaking at a panel discussion titled “Ministerial Vision on Government Support and […]
‘Saudia’ Expands Flight Network with Over 10 New Destinations in 2025
Saudi Airlines (Saudia) has announced the addition of more than ten new destinations to its flight network for 2025, including Vienna, Venice, Larnaca, Athens, Heraklion , Nice, Malacca, Bali, Antalya, El Alamein, and Salalah. The expansion comes in response to increased international travel demand, with a 16% growth in passenger transport last year. Saudia Group’s […]
Investment Minister: Nearly 600 Global Companies Choose Saudi Arabia as Regional Headquarters, Investments Double to SAR 1.2 Trillion
Minister of Investment Eng. Khalid Al-Falih announced that the number of global companies establishing their regional headquarters in Saudi Arabia has risen to nearly 600. He noted that the number of registered investment licenses surged from 4,000 in 2018 and 2019 to 40,000 currently, while total investments have doubled to SAR 1.2 trillion, accounting for […]
Economy Minister Meets with UAE Counterpart
Minister of Economy and Planning Faisal Alibrahim met with Minister of Economy of the United Arab Emirates Abdulla Bin Touq during the World Government Summit (WGS) in Dubai. During the meeting, the two ministers discussed ongoing cooperation across various sectors, as well as the latest regional and global economic developments of mutual interest. […]
Saudi Arabia bets on flying taxis and autonomous vehicles to transform mobility
Saudi Arabia is positioning itself at the forefront of mobility innovation, with industry leaders highlighting the potential of flying taxis and autonomous vehicles at the LEAP conference in Riyadh. FlyNow, a developer of electric aviation solutions, is preparing to roll out a modular system of electric helicopters to transport goods and passengers, according to co-founder […]
US Chamber of Commerce official discusses US-Saudi collaboration on AI policy
As Saudi Arabia accelerates its adoption of artificial intelligence, a strong regulatory framework is emerging as a key driver of US-Saudi collaboration. In an exclusive interview with Arab News on the sidelines of the LEAP 2025 technology conference, Steve Lutes, vice president for Middle East affairs at the US Chamber of Commerce, stressed the importance […]
Manufacturing sector drives Saudi industrial growth to 2.1% in December
Saudi Arabia’s Industrial Production Index recorded a 2.1 percent annual increase in December, driven by a rise in manufacturing activity and waste management services, according to recent data. Figures from the General Authority for Statistics show that non-oil activities expanded by 4 percent year on year, reflecting growth across most sectors except for electricity and […]