Saudi Arabia leads Arab region in green building projects with 2k registrations
Saudi Arabia has made significant strides in sustainable construction, registering 2,000 of the 5,000 green building projects across the Arab world, according to a top official. Speaking at the opening of the 14th annual Saudi Green Building Forum, held in Riyadh from Oct. 6-8, Minister of Municipalities and Housing Majed Al-Hogail highlighted the Kingdom’s numerous […]
SRC inks MoU with Damanat to guarantee residential mortgage portfolios
The Saudi Real Estate Refinance Company (SRC), a PIF company, has inked a Memorandum of Understanding (MoU) with the Saudi Mortgage Guarantees Services Company, ‘Damanat’. The partnership aims to guarantee the residential mortgage portfolios owned by SRC as well as the portfolios being acquired, thereby helping to reduce financing barriers and boosting the number of […]
Saudi Arabia sees 23.4% rise in FDI: GASTAT
Saudi Arabia experienced a 23.4 percent increase in foreign direct investment in the second quarter of this year compared to the previous three months, according to official data. The latest figures from the General Authority for Statistics revealed that net FDI flow reached SR11.7 billion ($3.12 billion) in the second quarter of 2024, up from […]
Saudi unemployment rate falls to 3.3% in Q2 as job market strengthens: GASTAT
Saudi Arabia’s overall unemployment rate fell to 3.3 percent in the second quarter of 2024, a 0.2 percentage point drop compared to the previous quarter, official data showed. According to data from the General Authority for Statistics, the unemployment rate also declined by 0.8 percentage points compared to the same period last year. The jobless […]
FHS World 2024: Leading the charge for sustainable hospitality practices
The Future Hospitality Summit World is returning to Dubai from Sept. 30 to Oct. 2 at Madinat Jumeirah, promising three days filled with insights, networking, and announcements for the hospitality and tourism sectors. As the largest edition to date, FHS World will gather over 1,500 industry leaders and feature more than 110 distinguished speakers, facilitating […]
Saudi Arabia’s non-oil exports climb 19% in July: GASTAT
Saudi Arabia’s non-oil exports surged by 19.04 percent to reach SR25.38 billion ($6.76 billion) in July, compared to the same month of the previous year, official data showed. According to the General Authority for Statistics, chemical and allied products led non-oil exports, accounting for 25.8 percent of total outbound shipments in July, marking a 1.3 […]
Saudi FM meets Vatican’s Secretary of State in New York
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan has met with the Vatican’s Secretary of State Cardinal Pietro Parolin on the sidelines of the 79th UN General Assembly in New York City. The meeting reviewed regional and international developments, and the efforts made to establish the foundations of international peace and security, the foreign ministry […]
Saudi climate envoy meets UN official in New York
Saudi Minister of State for Foreign Affairs Adel Al-Jubeir met with UN Environment Program Executive Director Inger Andersen at the 79th UN General Assembly in New York City on Tuesday. During the meeting, they discussed ways to enhance existing cooperation between the Kingdom and UNEP, as well as Saudi Arabia’s initiatives and programs to reduce […]
Saudi leadership offer condolences to Umm Al-Quwain ruler after passing of family member
Saudi Arabia’s king and crown prince offered their condolences on Tuesday to the ruler of Umm Al-Quwain after the passing of Sheikh Abdullah bin Ahmed bin Rashid Al-Mualla. King Salman and Crown Prince Mohammed bin Salman sent separate cables of condolences to Sheikh Saud bin Rashid Al-Mualla, expressing their sympathy with the family of the […]
Saudi Arabia calls for regional cooperation to tackle environmental challenges
Regional and international cooperation is pivotal in addressing environmental challenges, especially in rehabilitating degraded lands, according to Saudi Arabia’s vice minister of environment, water, and agriculture. Speaking at the 26th meeting of Gulf Cooperation Council ministers responsible for environmental affairs in Qatar, Mansour Al-Mushaiti emphasized that collaboration is essential to strengthen the resilience of drought-prone […]