Saudi Arabia says no involvement with strikes targeting Hodeidah
Saudi Arabia on Sunday said it had nothing to do with the Israeli air strikes on Yemen’s city of Hodeidah and that it will not allow anyone to use the Kingdom’s airspace for offensive purposes. “The Kingdom has no relation or involvement in the targeting of Hodeidah, and the Kingdom will not allow any entity […]
Saudi Arabia’s space sector soars with strategic initiatives
Saudi Arabia’s bid to become a leading player in the global space industry gained momentum with the recent unveiling of Neo Space Group, a strategic initiative to foster private sector growth. Backed by the Public Investment Fund, the group will invest in local and international assets, venture capital opportunities, and cutting-edge technologies to advance the […]
Saudi Arabia’s foreign direct investment stock hits $218bn in Q1
Saudi Arabia’s foreign direct investment stock reached SR817.7 billion ($218 billion) in the first quarter of 2024, marking a 6.1 percent rise compared to the same period last year, recent data showed. A report released by the Ministry of Investment indicated that this growth reflects increasing confidence among foreign investors in the Saudi investment ecosystem. […]
Saudi Aramco completes issuance of international bonds worth $6bn
Energy giant Saudi Aramco has completed the issuance of a $6 billion US dollar-denominated international bond, marking the state oil firm’s return to the debt market after a hiatus of three years. In a Tadawul statement, the company revealed that the offerings, which began on July 9 under the firm’s Global Medium Term Note program, […]
Saudi Arabia calls for UN Security Council resolution to compel Israel to end war, ‘starvation’ of Gazans
Saudi Arabia’s permanent representative to the UN, Abdulaziz Alwasil, on Wednesday called on the UN Security Council to adopt a resolution that would compel Israel to end its war on Gaza. Alwasil said Tel Aviv must comply with the Security Council’s own resolutions, which call for an immediate ceasefire and the delivery of aid into […]
Saudi crown prince, Iraqi PM discuss relations
Saudi Arabia’s Crown Prince Mohammed bin Salman made a call on Wednesday to Iraq’s Prime Minister Mohammed Al-Sudani, the Saudi Press Agency said. The pair discussed ways of enhancing bilateral relations in all fields. The call also reviewed issues of mutual interest. ARAB NEWS
Saudi Crown Prince and Macron discuss Gaza and Ukraine in phone call
Crown Prince and Prime Minister Mohammed bin Salman received a telephone call on Wednesday from French President Emmanuel Macron. During the call, they discussed relations and existing cooperation between the two countries. Regional and international issues were also discussed, most notably the latest developments in Gaza, the Ukrainian-Russian crisis, and the efforts made in these […]
Saudi crown prince, Russia’s Putin discuss relations
Saudi Arabia’s Crown Prince Mohammed bin Salman has made a call to Russian President Vladimir Putin, the Saudi Press Agency said early Thursday. The pair discussed ways of enhancing bilateral relations in all fields. The call also reviewed issues of mutual interest. ARAB NEWS
Saudi Arabia’s annual inflation rate rises to 1.5%: GASTAT
Saudi Arabia’s annual inflation rate reached 1.5 percent in June compared to the same month last year, driven primarily by rising housing costs, according to the latest data. The report from the General Authority for Statistics highlighted that the 8.4 percent increase in the prices of housing, water, and electricity, as well as gas, and other […]
UK Prime Minister praises Saudi Crown Prince for leadership in Middle East stability
Saudi Crown Prince and Prime Minister Mohammed bin Salman and the UK’s new Prime Minister Keir Starmer spoke by telephone on Monday. During the conversation, the Crown Prince congratulated Prime Minister Starmer on his recent appointment. Starmer thanked the Crown Prince for his congratulations and reported on his first days in government. Moreover, the Crown […]