Saudi’s PIF starts selling 7-year Islamic dollar bonds, document says
Saudi Arabia’s sovereign wealth fund has started selling a senior 7-year Islamic dollar bonds, according to an arranging bank document reviewed by Reuters on Tuesday. The initial price guidance for the debt sale has been placed around 115 basis points over U.S. Treasuries, the document said.
Number of factories in Saudi increased by 10% in 2023: minister
According to the Ministry of Industry and Mineral Resources, the number of factories in the Kingdom increased by 10% in 2023; 11,549 factories were operating by the end of the year. Also last year, 1,379 new industrial licenses were issued, with SAR81 billion in investments, and production started in 1,058 new factories, with SAR45 billion […]
Abdullah Kamel discusses investment opportunities with Malaysian PM
Sheikh Abdullah Saleh Kamel, president of the Islamic Chamber of Commerce, Industry and Agriculture, met with Malaysia’s Prime Minister Anwar Ibrahim in Kuala Lumpur on Friday. Secretary General of the Islamic Chamber Yousef Khalawi and Dr. Fasihar Hassan Abdul Razzaq were also present on the occasion. During the meeting, Sheikh Abdullah Kamel was briefed on […]
Saudi Arabia to establish marketing offices for tourist destinations
Saudi Arabia will establish marketing offices for its tourist destinations as part of the efforts to attract more tourists and achieve the goal of turning the Kingdom as a major tourist destination at the national and global levels. This is one among the rules to regulate the Saudi Tourism Authority, approved by the Council of […]
NRRC: Ukrainian nuclear plant explosion not affected in anyway Saudi radiation levels
The Saudi Nuclear and Radiological Regulatory Commission (NRRC) announced that the commission’s Nuclear Emergency Operations Center did not receive any international reports of any radioactive releases following the explosions that occurred in the vicinity of the Ukrainian Zaporizhzhya nuclear power plant last year. The plant is currently supervised by Russia. The commission said in a […]
Saudi Civil Aviation Delegation visits Chinese COMAC
A high-level delegation from the civil aviation sector, headed by President of the Saudi General Authority of Civil Aviation (GACA) Abdulaziz bin Abdullah Al-Duailej visited the headquarters of the Commercial Aircraft Corporation of China (COMAC), the assembly line of the C919 and ARJ21 aircraft in the city of Shanghai, and the economic zone at Zhongshu […]
Saudi Arabia launches 1st national cultural metaverse platform
The Saudi Ministry of Culture has launched the first national cultural metaverse platform in the world supported by the artificial intelligence system for Generative Media Intelligence (GMI). The launch of the national initiative is in partnership with droppGroup and its World’s First ‘Phygital’ Metaverse using Hyper ledger Fabric 2.5 blockchain technology, which is represented by […]
Crown Prince graces Saudi Cup horse race ceremony in Riyadh
Crown Prince and Prime Minister Mohammed bin Salman has crowned America’s Senor Buscador as the winner of the 5th edition of the Saudi Cup 2024 horse race at King Abdulaziz Racecourse in Riyadh on Saturday evening. The world’s richest horse racing event with a total prize money of $37.6 million was held under the patronage of […]
Saudi Arabia celebrates its monumental origin: Founding Day marks 3 centuries of unity and cohesion
On the threshold of a momentous occasion, the Kingdom of Saudi Arabia gears up to celebrate a milestone that harks back to its very inception. Thursday, February 22, will be marked in the annals of history as Saudi Arabia commemorates the Founding Day of the first Saudi State, a testament to the nation’s enduring legacy […]
Saudi PIF unit inks sustainable manufacturing pact with global firms
Alat, a company powered by Saudi wealth fund PIF, today (February 21) sealed global partnerships with leading technology companies – Softbank Group, Dahua Technology, Carrier Corporation and Saudi Technology and Security Comprehensive Control Company (Tahakom) – as part of its massive $100 billion investment plan to enhance technology capabilities in the kingdom by 2030. As […]