Saudi Arabia leads GCC IPO market with $2.1bn raised in first half of 2024: Markaz
Saudi Arabia led the Gulf Cooperation Council’s initial public offering market in the first half of 2024, raising $2.1 billion in what was an annual increase of 141 percent, an analysis has revealed. In its latest report, Kuwait Financial Center, also known as Markaz, noted that the Kingdom saw 19 offerings in the six months to the end of […]
Saudi ambassador to Egypt presents credentials to President El-Sisi
Saleh Al-Husseini, Saudi Ambassador to Egypt, presented his credentials to President Abdel Fattah El-Sisi in Cairo on Sunday. During the ceremony, Ambassador Al-Husseini conveyed greetings from Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman to President El-Sisi. He also extended their wishes of continued progress and […]
Saudi roads see 92% decline in accidents with new solar lighting
The General Authority of Roads in Saudi Arabia announced a 92% decrease in traffic accidents. This significant reduction resulted from installing solar-powered lighting at 149 road intersections across the country. This initiative has enhanced traffic safety by improving night visibility and clearly marking pathways for road users. The adoption of solar energy for lighting has […]
Saudi Arabia emphasizes commitment to chemical weapons ban
Saudi Ambassador to the Netherlands and Permanent Representative to the Organization for the Prohibition of Chemical Weapons, Ziad Al-Attiyah, reaffirmed Saudi Arabia’s commitment to enhancing international cooperation to prohibit all weapons of mass destruction and prevent their proliferation. He emphasized the crucial role of the Organization for the Prohibition of Chemical Weapons in safeguarding global […]
Saudi Arabia reaffirms support for Palestinian rights and statehood at UNRWA conference
Saudi Arabia has reiterated its steadfast support for the Palestinian people’s aspirations to regain their lands, restore their legitimate rights, and establish an independent Palestinian state with East Jerusalem as its capital. Ambassador and Permanent Representative of Saudi Arabia to the United Nations, Abdulaziz Alwasil, delivered this message during the annual conference of donors to […]
Saudi Arabia reaffirms support for Palestinian rights and statehood at UNRWA conference
Credit facilities provided to micro, small, and medium enterprises in Saudi Arabia saw an annual rise of 16 percent in the first three months of 2024, according to recent data. Figures from the Kingdom’s central bank, known as SAMA, indicated that borrowing lines allocated to this sector totaled SR293.43 billion ($78.25 billion), up from SR252.02 […]
Saudi Arabia and Jordan airdrop food aid to the Gaza Strip
Saudi Arabia and Jordan airdropped 30 tonnes of ready-to-eat food for besieged Palestinians in the Gaza Strip, the Saudi aid agency KSrelief said on Sunday. In a statement carried by the SPA, the agency said the airdrop was carried out with the Jordanian Hashemite Charity Organization and the Jordanian Hashemite Armed Forces. The food supplies […]
KSrelief carries out humanitarian projects in Lebanon, Indonesia
The King Salman Humanitarian Aid and Relief Center has been actively involved in various humanitarian projects across Lebanon and Indonesia. In Lebanon, KSrelief continued implementing the Al-Amal Charitable Bakery project, in its fourth stage, in the Akkar Governorate and Miniyeh District. During the past week, the project distributed 150,000 bags of bread to needy families, […]
New kiswa cover installed at Kaaba in Makkah
A new kiswa was installed on Sunday at the Kaaba in Makkah on the first day of the Islamic new year (1 Muharram, 1446h) by the General Presidency for the Affairs of the Grand Mosque and the Prophet’s Mosque, the Saudi Press Agency reported. Installation of the elaborately designed black cloth cover was completed […]
Saudi housing minister concludes official visit to Turkiye
Saudi Arabia’s Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail ended an official visit to Turkiye to enhance cooperation in real estate development, road infrastructure, waste management and recycling, the Saudi Press Agency reported on Saturday. The visit was also an initiative to create new alliances between Saudi and Turkish contractors, according to the […]