Saudi, Korean business ties to grow with official visit
Saudi-Korean trade is set to see a significant boost as a delegation from the Kingdom, led by the minister of commerce, heads to Seoul. Taking place from July 29 to 31, the gathering will see Majid Al-Qasabi alongside representatives from 10 government entities and 55 senior business leaders and executives from major national companies. The visit’s […]
Saudi Arabia seeks stronger ties with Brazil in mining sector
A high-level Saudi delegation continued discussions in Brazil on Sunday to enhance bilateral ties and advance Saudi Arabia’s mining sector. On July 28, Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visited Vale’s Carajas mines, where he was briefed on advanced technologies used in mineral extraction and processing, including remote mine management and driverless […]
Saudi Investment Ministry to assist Hail region achieve full economic potential
Saudi Arabia’s northern province of Hail is set to attract increased investments due to its strategic and logistical importance, as emphasized by the region’s governor. Hail Gov. Prince Abdulaziz bin Saad highlighted the pivotal role of the Ministry of Investment in fostering performance that aligns with the nation’s broad growth objectives. This statement was made during […]
Saudi insurance sector to consolidate as Buruj and MedGulf sign merger deal
The Saudi insurance sector is set for consolidation as two leading firms signed a non-binding memorandum of understanding to explore a potential merger. The MoU between Buruj Cooperative Insurance Co. and the Mediterranean and Gulf Insurance and Reinsurance Co., known as MedGulf, aims to establish a framework for the strategic transaction through a share exchange […]
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 […]