Saudi Arabia’s green hydrogen production efficiency positions it as a global leader: report
Saudi Arabia can produce green hydrogen more efficiently than Germany, a recent report comparing the two nations has revealed. Due to favorable environmental conditions, the Kingdom requires notably less investment for target H2 production compared to its European counterpart, according to a new finding by the King Abdullah Petroleum Studies and Research Center. Specifically, Saudi […]
Iraq signs 12 MoUs with Saudi Arabia in investment push
Economic ties between Saudi Arabia and Iraq are poised to strengthen further with the signing of 12 memorandums of understanding for quality investment projects. The Kingdom’s Ministry of Investment announced on ‘X’ that this agreement with the Iraq Development Fund and Saudi companies will enhance cooperation in various investment projects with Baghdad. These MoUs were […]
Saudi ambassador meets French senators in Paris
The meeting offered an opportunity for talks on the strategic partnership between the two countries, and “the economic, cultural and artistic cooperation between them in light of Saudi Vision 2030 PARIS: Fahd bin Mayouf Al-Ruwaili, Saudi Arabia’s ambassador to France, recently met with Vivette Lopez, French senator and secretary of the Foreign Affairs, Defense and […]
Crown prince arrives in Makkah for remainder of Ramadan, receives Somali president and Bahraini counterpart
Crown Prince Mohammed bin Salman arrived in Makkah on Saturday from Jeddah where he will spend the rest of Ramadan, Saudi Press Agency reported. Prince Turki bin Mohammed, Minister of State and Member of the Council of Ministers, foreign minister Prince Faisal bin Farhan, sports minister Prince Abdulaziz bin Turki bin Faisal bin Abdulaziz and Prince Abdullah […]
Saudi Arabia, Somalia welcome UN decision to lift arms embargo on Somalia
Saudi Arabia, Somalia welcome UN decision to lift arms embargo on Somalia . ARAB NEWS
Tourist spending in Saudi Arabia hits record high of $40bn in 2023
Tourist spending in Saudi Arabia reached a record high in 2023, totaling SR135 billion ($39.95 billion), according to preliminary data from the central bank. This figure, revealed by the Saudi Central Bank, represents the highest visitor spending in the Kingdom’s history, showcasing a growth rate of 42.8 percent compared to 2022. This comes within the […]
Rize aims to boost Saudi Arabia’s rental sector
The rent now, pay later sector in Saudi Arabia is poised for considerable expansion, with startup Rize set to enhance the industry’s efficiency. Given the substantial down payment required for tenants to secure a rental property in the Kingdom, the company is seeking to foster greater sustainability within the sector. Established in 2021 by Ibrahim […]
UAE, Saudi Arabia ranked as leading global entrepreneurial ecosystems
The UAE and Saudi Arabia have been ranked first and third respectively in the Global Entrepreneurship Monitor report for 2023-2024. The report, which assesses the entrepreneurial ecosystems of countries worldwide, is highly regarded by international bodies such as the World Bank, International Monetary Fund and various UN organizations, Saudi Arabia showed significant progress in its […]
Saudi foreign minister holds call with Palestinian PM Mustafa
Saudi Arabia’s foreign minister Prince Faisal bin Farhan held a phone call on Saturday with the Prime Minister of Palestine and Minister of Foreign Affairs Mohammed Mustafa, Saudi Press Agency reported. Prince Faisal congratulated Mustafa on his appointment to form the Palestinian government, and on assuming the position of Minister of Foreign Affairs. The prince also wished success […]
Lebanese prime minister leaves after Saudi visit
Lebanese Prime Minister Najib Mikati concluded his visit to Saudi Arabia on Saturday after completing his Umrah rituals in Makkah. He was seen off King Abdulaziz International Airport by Jeddah Gov. Prince Saud bin Jalawi and the consul general of Lebanon in Jeddah, Walid Minkara, as well as a number of officials. Mikati arrived in […]