Datacom aims to ride Saudi Arabia’s tech wave
Technological infusion across all sectors has boosted Saudi Arabia’s position as a catalyst of change, attracting players from all over the globe. Datacom, under the leadership of CEO Dawood Moya, aims to be a significant contributor to this by establishing itself as a trusted partner for digital transformation, artificial intelligence, automation, and process intelligence within […]
Saudi banks in strong position to harness the benefits of economic diversification
Saudi banks will see their client base expand and earnings increase thanks to government-backed economic diversification efforts that are driving innovation and boosting productivity, according to a new report. According to Moody’s analysis of banks in the Gulf Cooperation Council and Commonwealth of Independent States, Saudi Arabia and Oman were the top two GCC countries […]
Unearthing the transformative potential of Saudi Arabia’s mining sector
Saudi Arabia’s mining sector is on the cusp of a transformative era, with the Kingdom determined to become a global leader in the industry. But have you wondered what treasures lie beneath its lands? Saudi Arabia is rich in minerals essential for various global industries. The Kingdom is transforming into a leading exporter of diverse […]
Saudi Arabia’s GACA, SAMI come away from Farnborough Airshow with deals, agreements
Saudi Arabia’s General Authority of Civil Aviation built good investment opportunities with British companies after visiting the Farnborough International Airshow, which concluded on Friday, its president said on Saturday. Abdulaziz bin Abdullah Al-Duailej led the GACA delegation at the airshow, where they were briefed on the latest technologies, innovations, and solutions in the aviation industry, […]
Finance minister, SAMA governor participate in G20 ministerial meeting in Rio de Janeiro
The Saudi Minister of Finance and the governor of the Saudi Central Bank (SAMA) concluded their participation in the third G20 Finance Ministers and Central Bank Governors Meeting, which was held on Thursday and Friday in Rio de Janeiro. Mohammed Al-Jadaan and Ayman bin Mohammed Al-Sayari took part in a discussion session titled “Global Economic Outlook and […]
Saudi deputy FM participates in Sudan peace efforts meeting
Saudi Arabia’s Deputy Minister of Foreign Affairs Waleed Al-Khuraiji participated on Wednesday in the Second Consultative Meeting Enhancing Coordination of Peace Initiatives and Efforts in Sudan, the Saudi Press Agency said. During the meeting held in Djibouti, he reiterated the Kingdom’s continued efforts to resolve the Sudanese crisis, and its welcome and openness to international […]
Saudi Arabia’s non-oil exports hit 2-year high at $7.70bn in May: GASTAT
Saudi Arabia’s non-oil exports hit a two-year high in May, reaching SR28.89 billion ($7.70 billion), an 8.2 percent increase compared to the same month in 2023. According to the General Authority for Statistics, this also represented a 26.93 percent growth from April. Strengthening the non-oil private sector remains a pivotal goal for Saudi Arabia as the […]
Saudi Arabia, Brazil eye stronger economic ties with joint projects
Saudi Arabia’s Deputy Minister of Foreign Affairs Waleed Al-Khuraiji participated on Wednesday in the Second Consultative Meeting Enhancing Coordination of Peace Initiatives and Efforts in Sudan, the Saudi Press Agency said. During the meeting held in Djibouti, he reiterated the Kingdom’s continued efforts to resolve the Sudanese crisis, and its welcome and openness to international […]
Moody’s affirms Islamic Development Bank’s AAA rating
Moody’s Investor Services has affirmed its AAA credit rating with a stable outlook for the Islamic Development Bank, driven by the financial institution’s robust asset performance. In a press release, IsDB said that its short-term issuer rating has been affirmed at Prime-1 by the US-based agency, the highest tier on offer. IsDB has been rated AAA by […]
Temporary ban on Brazilian poultry imports will not impact Saudi market, says committee
The National Committee of Poultry Producers at the Federation of Saudi Chambers has downplayed the impact of the temporary ban on importing poultry products from Brazil due to the outbreak of Newcastle disease on the Saudi market. The committee’s chairman, Mohammed Al-Shaya, stated that the temporary ban from Brazil would not significantly affect the quantities […]