Saudi Arabia, Swiss Fund to launch billion-euro zero-emissions investment initiative
In a move towards bolstering investments in zero-emissions projects, Saudi Minister of Investment Eng. Khalid Al-Falih announced a collaboration with a Swiss fund aimed at launching financing initiatives in the debt market. This partnership is set to mobilize billions of euros, showcasing Saudi Arabia’s commitment to becoming a leading destination for sustainable investment. Al-Falih made […]
Prince Khalid bin Salman launches locally assembled new Hawk jet
Saudi Minister of Defense Prince Khalid bin Salman inaugurated on Sunday the new identity for the fleet of Hawk aircraft on the occasion of the 25th anniversary of its founding. On the occasion of the rolling out of the latest jet Hawk aircraft assembled in Saudi Arabia, the minister said on his X account: “I […]
Payout rate set at 5.64% as subscription for first individual savings product Sah begins
Saudi Arabia started subscription to the first Shariah-compliant, government-backed savings product for individuals namely Sah on Sunday Feb. 4. The payout rate for the first issue is determined at 5.64 percent, and the subscription period will end at 3 p.m. on Tuesday, Feb. 6. The Saudi Ministry of Finance and the National Debt Management Center (NDMC) […]
Defense minister opens World Defense Show 2024 in Riyadh
On behalf of Crown Prince and Prime Minister Mohammed bin Salman, Minister of Defense Prince Khalid bin Salman inaugurated the second edition of the World Defense Show 2024 in Riyadh on Sunday. The General Authority for Military Industries (GAMI) is organizing the defense exhibition that is being held under the patronage of Custodian of the Two […]
Boeing, Bahri in deal to boost Saudi supply chain activities
Global aerospace giant Boeing’s Saudi unit has signed a strategic agreement with a major business unit of Bahri, a global leader in logistics and transportation, that will see the duo collaborate in the areas of supply chain and distribution in the kingdom. Announcing the strategic deal, Boeing said it aims to bolster the group’s supply […]
Solutions by stc completes acquisition of Devoteam Middle East
Solutions by stc, the enabler of digital transformation in Saudi Arabia and the region, has completed the acquisition of 40 percent of Devoteam Middle East, a subsidiary of the globally renowned Devoteam Group, a leader in digital consulting. The total value of Devoteam Middle East is approximately $197 million (SAR741.7 million). This acquisition was done […]
Saudi Arabia approves $27mn to counter terrorism
Minister of Defense Prince Khalid bin Salman bin Abdulaziz, who also serves as the Chairman of the Council of Defense Ministers of the member states of the Islamic Military Counter Terrorism Coalition (IMCTC), has announced the Kingdom’s approval of a $27 million contribution to the IMCTC’s initiatives financing fund. The announcement came during the meeting […]
LuLu KSA’s LuLu India Fest 2024 celebrates rich Saudi-India friendship ties
LuLu KSA’s LuLu India Fest 2024 celebrated the rich Saudi-India friendship ties. Culture, cuisine, and an incredible range of Indian products delighted shoppers during the festival that ran from Jan 24 to 30 across LuLu Saudi outlets. On Jan. 24, 2024, in KSA, LuLu Hypermarket Saudi launched its LuLu India Fest 2024, marking the […]
Saudi Arabia, UN vow to work together to stop land degradation around the world
Saudi Arabia and the United Nations underscored the importance of achieving harmony between countries and working together to stop land degradation around the world in order to live on one land. Both sides reiterated this during a dialogue session held within the ceremony organized by the Ministry of Environment, Water and Agriculture, on the occasion […]
General Authority for Foreign Trade launches workshops to boost Saudi exports
The General Authority for Foreign Trade, represented by the Agency for Private Sector Affairs and International Representation, has launched a series of workshops titled “Through the Attachés” to boost the access of Saudi exports to global markets. These workshops are held periodically to provide Saudi exporters with all procedures and requirements, targeted markets, available […]