French minister highlights ‘immense potential’ of collaboration between France, Gulf states
Bruno Le Maire, the French minister of economy, finance, and industrial and digital sovereignty, highlighted “the closeness of our ambitions and the immense potential of our collaboration between France and the Gulf states,” during his opening speech at the second edition of Vision Golfe in Paris. Le Maire emphasized three strategic areas to strengthen the […]
Saudi Arabia, Kuwait finalize project to streamline customs procedures
Trade exchange between Saudi Arabia and Kuwait is set to increase further with the completion of their land customs technical connectivity project. The completion of the project was revealed on Monday during the second meeting of the two countries’ coordination council. The announcement is a significant step toward enhancing trade and facilitating the movement of […]
Saudi Arabia’s non-oil private sector growth steady with PMI at 56.4
Saudi Arabia’s private sector non-oil growth remained steady in May, with the Kingdom’s Purchasing Managers’ Index reaching 56.4, a slight decline from 57 in April, official data showed. According to the Riyad Bank Saudi Arabia PMI report by S&P Global, business activity in Saudi Arabia rose at a substantial rate in May, continuing a period […]
Saudi Arabia, Brazil sign defense agreement
Saudi Arabia and Brazil signed on Monday in Riyadh a cooperation agreement in the defense field. The deal was signed during a meeting between Saudi Defense Minister Prince Khalid bin Salman and Brazil’s Vice President and Minister of Development, Industry, Trade and Services Geraldo Alckmin. The meeting discussed bilateral relations and ways of strengthening cooperation […]
Saudi Civil Defense bolsters teams for Hajj
The Kingdom’s Civil Defense has bolstered its emergency and field teams in Mina, southeast of Makkah, in preparation for this year’s Hajj, the Saudi Press Agency reported on Tuesday. Officials from the body have been conducting inspections at all the holy sites in conjunction with other government agencies, according to the SPA. The Civil Defense was […]
PIF-owned Riyadh Air, Singapore Airlines form commercial partnership to explore interline connectivity
Saudi Arabia’s newest airline Riyadh Air and Singapore Airlines have signed a memorandum of understanding to establish a new partnership between the two carriers. The agreement was inked by Riyadh Air CEO Tony Douglas and Singapore Airlines CEO Goh Choon Phong on the sidelines of the 80th International Air Transport Association Annual General Meeting and […]
Saudi Arabia’s non-oil private sector growth steady in May with PMI at 56.4
Saudi Arabia’s private sector non-oil growth remained steady in May, with the Kingdom’s Purchasing Managers’ Index reaching 56.4, a slight decline from 57 in April, official data showed. According to the Riyad Bank Saudi Arabia PMI report by S&P Global, business activity in Saudi Arabia rose at a substantial rate in May, continuing a period […]
Saudi deputy minister for consular affairs welcomes Chinese envoy to Riyadh
Saudi Arabia’s Deputy Minister for Consular Affairs Ambassador Ali Al-Yousef received the recently appointed Ambassador of China to the Kingdom Chang Hua on Monday in Riyadh. Al-Yousef welcomed the ambassador and wished him success in his new duties, the Foreign Ministry reported on X. The two sides also reviewed consular issues of common interest. ARAB […]
Saudi wealth fund set to issue sterling-denominated bonds
Saudi Arabia’s Public Investment Fund has initiated plans to issue sterling-denominated bonds, according to Arab News sources. The sovereign wealth fund has mandated Barclays, BNP Paribas, HSBC, and JPMorgan to act as joint global coordinators to arrange meetings with investors starting June 3. According to the sources, investor calls will be followed by a sale […]
King Salman issues directive to name Riyadh road after Prince Badr bin Abdulmohsen
Custodian of the Two Holy Mosques King Salman has issued a directive to name a road in Riyadh after the late Prince Badr bin Abdulmohsen. The royal order is in line with the recommendation of Crown Prince and Prime Minister Mohammed bin Salman, the Saudi Press Agency reported on Sunday. This road is located west […]