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 […]
Saudi Real Estate Registry clinches prestigious Esri GIS Award Previous
The Saudi Real Estate Registry has been honored with the 2024 Special Achievement in GIS (SAG) Award, presented by the Environmental Systems Research Institute (Esri), the Saudi Press Agency reported. The accolade, awarded at the international Esri User Conference in the US, recognizes the registry’s innovative application of geographic information system technology. According to the […]
Saudi defense minister meets with French ambassador to Kingdom in Riyadh
Saudi defense minister Prince Khalid bin Salman met with the French ambassador to the Kingdom, Ludovic Pouille, in Riyadh on Monday. During the meeting, they reviewed relations between Saudi Arabia and France and discussed a number of issues and topics of common interest, Saudi Press Agency reported. The meeting was also attended by Prince Abdulrahman bin […]
Financial district in Riyadh earns SmartScore Neighborhood certification
The King Abdullah Financial District obtained the SmartScore Neighborhood certification by WiredScore, the world’s leading authority on smart building technologies, for its excellence in advanced digital infrastructure that provides a robust network, sustainability and seamlessness at the level of living, work and leisure. With this certification, the financial district becomes the first development in the […]
Al-Baha Honey Festival to begin Tuesday
Under the patronage of Al-Baha Gov. Prince Hussam bin Saud bin Abdulaziz, the 16th International Honey Festival kicks off on Tuesday, July 23, organized by the Ministry of Environment, Water and Agriculture and held at the Cooperative Association of Beekeepers headquarters in Baljurashi Governorate. Fahd Al-Zahrani, director general of the ministry’s Al-Baha branch, said the […]
Saudi focuses on global economy at G20 development meeting
Saudi Arabia’s Economy and Planning Minister Faisal bin Fadel Alibrahim has been holding talks with officials from several nations on the state of the global economy at the G20 Development Ministerial Meeting in Brazil. On the sidelines of the G20 meeting, which began on Monday and ends on July 24, Alibrahim held discussions with Brazil’s […]
KSrelief distributes hygiene kits in Sudan, Syria
The Saudi aid agency KSrelief has distributed hygiene kits to displaced and needy families in Sudan and Syria, the Saudi Press Agency reported. The aid group gave out 620 kits to the needy in Sudan’s Sinar State, benefiting 3,100 people. The agency also handed out 435 shelter kits to 2,175 people in River Nile State, […]