Saudi financial sector to grow bond offerings, investment minister reveals at London forum
Bond offerings in Saudi Arabia are set to expand with increased activity, highlighting significant growth opportunities in the Kingdom’s financial sector, according to the investment minister. On the sidelines of the UK-Saudi Sustainable Infrastructure Summit in London on June 24, Khalid Al-Falih noted that despite the substantial and rapid growth in business opportunities in the Kingdom, certain aspects […]
PIF subsidiary SGP and SANY seal $1.87bn deal to supply electric trucks to Dammam port
An agreement worth SR7 billion ($1.87 billion) was struck between Saudi Global Ports and a Chinese company to advance green operational capacities at the Kingdom’s ports. The deal — hailed as the world’s largest single contract for the manufacture and supply of electric trucks — was signed by the Public Investment Fund subsidiary and China’s […]
MAWANI and REVIVA establish recycling and industrial waste complex at Jeddah Islamic Port
The Saudi Ports Authority, MAWANI, signed on Sunday a SR30million ($8 million) contract with the Global Environmental Management Services Ltd., or Reviva, to establish a complex for recycling marine and industrial waste at Jeddah Islamic Port. The president of MAWANI, Omar bin Talal Hariri, and the CEO of of the Saudi Investment Recycling Co., Ziad bin […]
King Abdulaziz Foundation organizes Saudi-Chinese relations seminar in Beijing
The King Abdulaziz Foundation for Research and Archives, organized a scientific seminar on cultural and economic relations between Saudi Arabia and China from June 19-23 in Beijing, Saudi Press Agency reported. The seminar was held as part of the Beijing International Book Fair, which featured the Kingdom as the guest of honor. It discussed a […]
Madinah branches out with tree transplant program
Perennial plants, with their remarkable ability to endure harsh conditions such as droughts, climatic variations, and human activities, play a crucial role in our ecosystem, providing sustenance for people and animals, and contributing to the overall well-being of the environment. Recognizing the importance of these invaluable assets, the National Center for Vegetation Cover Development and […]
More than 1,300 pilgrims die during Hajj pilgrimage – most unauthorized
More than 1,300 people died while performing Hajj this year, having walked long distances without sufficient protection from the sun – 83 percent unauthorised – Saudi Health Minister Fahd Al-Jalajel said. Among the deceased were several elderly and chronically ill individuals. The health minister underscored the significant efforts made by the competent authorities to raise […]
8th Saudi-US Trade and Investment Council Meeting held in Washington
The eighth meeting of the Saudi-US Trade and Investment Framework Agreement (TIFA) Council in the United States kicked off on Sunday in Washington DC. The Saudi delegation was led by the General Authority of Foreign Trade (GAFT), and it included 20 government entities. The council’s goal is to monitor trade and investment relations in order […]
Saudi border guards foil smuggling attempts near Jazan
Border Guard land patrols have foiled an attempt to smuggle 135 kilograms of qat in Al-Dayer sector of Jazan Region. Also in Jazan region, border police thwarted an attempt to illegally transport 160 kilograms of qat in Al-Ardah. Legal procedures were followed, and the seized items were handed over to the concerned authority. Meanwhile, two […]
Saleh Al-Shaibi, senior caretaker of the Kaaba, dies
Dr. Saleh bin Zain Al-Abidin Al-Shaibi, the senior caretaker of the Kaaba, died in Makkah on Friday evening. Funeral prayers were held after Fajr on Saturday at the Grand Mosque. Al-Shaibi, who held a doctorate in Islamic studies, was a university professor and an author of several works on creed and history. He was the […]
Saudi Arabia keen to invest in multiple sectors in Brazil: PIF governor
Saudi Arabia’s sovereign wealth fund is keen to invest in Brazil across multiple sectors such as technology, renewables, and mining, said a top official. Speaking at the inaugural ceremony of the Future Investment Initiative Priority Summit in Rio de Janeiro on Wednesday, Yasir Al-Rumayyan, governor of the Public Investment Fund, said that the Kingdom will […]