Minister of Economy and Planning Meets with Middle East Institute Delegation
Minister of Economy and Planning Faisal Alibrahim has met with a delegation from the Middle East Institute to discuss the Kingdom’s economic diversification efforts under Saudi Vision 2030, and the latest global economic developments. SPA
Saudi Economy’s Liquidity Grows by over SAR247 Billion
Liquidity levels, or “available money,” in the Saudi economy have grown by more than SAR247.647 billion year-on-year, reflecting an increase of 9.2% and reaching SAR2,936.089 billion by the end of October 2024, compared with SAR2,688.442 billion in the same period last year. The growth is based on the broad money supply indicator (M3), according to […]
Energy Efficiency Project at Prince Abdulaziz Bin Musaed Hospital in Arar Aims for 14% Energy Saving
The National Energy Services Company (Tarshid) has launched an energy efficiency retrofit project at Prince Abdulaziz Bin Musaed Hospital in Arar city, aiming to achieve a 14% reduction in energy consumption in the hospital’s 10 buildings, while complying with the best global standards, according to a press release issued recently by the company. Tarshid Managing […]
SAMA Announces Launch of ‘Samsung Pay’ Service in Saudi Arabia
The Saudi Central Bank (SAMA) announced in a press release today the launch of “Samsung Pay” in Saudi Arabia, through the national payment system “mada”, as part of its continuous endeavors to improve digital payment, in line with the Saudi Vision 2030. This will help promote financial inclusion and expand the use of FinTech solutions […]
HRH the Crown Prince Congratulates the King of Morocco on the Successful Surgery He Underwent
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has sent a cable congratulating King Mohammed VI of Morocco on the success of the surgery he underwent. The Crown Prince wished the Moroccan king continued good health and happiness. SPA
The Custodian of the Two Holy Mosques Congratulates the King of Morocco on the Successful Surgery He Underwent
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has sent a cable congratulating King Mohammed VI of Morocco on the success of the surgery he underwent. The Custodian of the Two Holy Mosques wished the Moroccan king continued good health and happiness. SPA
COP16: Saudi Arabia vows to intensify action to tackle drought, land degradation
Saudi Arabia’s incoming COP16 president vowed to work with the international community to tackle drought and desertification on the first day of a UN conference in Riyadh. Abdulrahman Al-Fadli, the Kingdom’s minister of environment, used his speech at the event – being held from Dec. 2 to 13 under the theme “Our Land. Our Future” […]
Shared vision meets ambition as French President Macron begins Saudi Arabia state visit
French President Emmanuel Macron’s arrival in Riyadh for a three-day state visit is a testament to the deepening ties between France and Saudi Arabia. His visit, which follows an invitation from Crown Prince Mohammed bin Salman, reflects the shared ambition to enhance cooperation across various sectors and to align with Saudi Vision 2030 and France […]
COP16: Largest-ever UN meeting on desertification starts in Riyadh
The largest-ever meeting of the UN Convention to Combat Desertification has kicked off in Riyadh, with bolstering global drought resilience one of the key goals. Running from Dec. 2 to 13, the first few days of COP16 are set to see a number of high-profile summits, ministerial dialogues, and announcements to address the pressing challenges […]
Saudi Arabia launches 10th round of ‘Sah’ savings product with 4.83% return
Saudi Arabia has launched the 10th round of its subscription-based savings product, Sah, for December, offering a competitive return of 4.83 percent. The initiative, aimed at fostering financial stability and supporting economic growth, is Shariah-compliant and government-backed. The sukuk opened for subscription on Dec. 1 and will remain available until Dec. 3. Allocations are scheduled […]