Saudi Arabia’s trade surplus jumps 27.5%, reaching $11.73bln in September
Saudi Arabia’s trade surplus recorded an increase for the second month in a row, reaching SR44 billion ($11.66 billion) in September 2023, according to the latest figures released on Thursday by the General Authority for Statistics (GASTAT). This marked an increase of 27.5 percent, compared to the surplus in August, when it reached SR34.31 billion, […]
Eight agreements signed during Saudi-Algerian Business Forum to enhance trade, investment
The Saudi-Algerian Business Forum concluded its activities Thursday with the two countries signing eight agreements aiming at enhancing trade and investment. The agreements covered the sectors of trade, investment, information technology, business incubators and accelerators, tourism services, elevators, and spare parts. The agreements were signed by the Federation of Saudi Chambers (FSC), the Council for […]
Minister stresses need for enhancing strategic relations between Saudi Arabia and Algeria
Saudi Arabia’s Commerce Minister Dr. Majid Al-Qasabi met in Riyadh with Algeria’s Minister of Trade and Export Promotion Tayeb Zitouni and his accompanying delegation. Dr. Al-Qasabi affirmed the importance of enhancing trade and investment relations and establishing companies with the private sector of both countries in different fields. He also emphasized the necessity of establishing […]
First batch of Saudi sea bridge shipment for Gaza relief arrives in Egypt
The King Salman Humanitarian Aid and Relief Centre (KSrelief) team received, in Port Said Port in Egypt, the first batch of shipment from the Saudi sea bridge as relief for Palestinians in Gaza. The shipment that will be prepared to be transported to the affected Palestinian people in the Gaza Strip carry 1,050 tons of […]
Over 157 opportunities worth SR22 billion offered in Northern Borders Investment Forum
More than 157 investment opportunities worth about SR22 billion is being offered during the Northern Borders Investment Forum 2023. The investment opportunities are distributed across a number of targeted sectors, such as transportation, logistics services, mining, education, health, real estate development, municipalities, industry, tourism, hospitality, and scientific research. These opportunities is being offered during the […]
King, Crown Prince congratulate Suriname president on Independence Day
Custodian of the Two Holy Mosques King Salman has sent a cable of congratulation to President Chan Santokhi of the Republic of Suriname on his country’s Independence Day. Custodian of the Two Holy Mosques wished Santokhi continued good health and happiness, and the government and people of the Republic of Suriname steady progress and prosperity. […]
Investors holding diplomatic or special passports will get Saudi business visa fee exemption
Investors holding diplomatic or special passports will be exempted from the payment of business visit visa fee, according to the Ministry of Investment (MISA). The “Invest in Saudi Arabia” platform, affiliated with the ministry, clarified that the “Visiting Investor” business visit visa service is an electronic service that allows foreign investors to apply for a […]
Jeddah set to host International Media Forum 2023
Jeddah will host the International Media Forum titled “The Role of Media in Inciting Hatred and Violence – Risks of Misinformation and Bias” on 26th November 2023. The forum is organized by the Assistant Secretariat for Institutional Communication at the Muslim World League (MWL) and the Union of News Agencies of the Organization of Islamic […]
Saudi Coffee brand Barn optimizes its operations with COFE Cloud
COFE Cloud, which is a SaaS solution (Software as a Service) of Saudi Arabia’s premier online coffee marketplace COFE App, is all set to go live with KSA’s Barn’s coffee. With COFE Cloud, Barn’s will now be able to leverage the digital capabilities of a cutting-edge technology to optimize its operations. The collaboration between COFE Cloud […]
Saudi Arabia trade surplus grows to $12bn — GASTAT
Overall trade levels in Saudi Arabia remain strong as the country’s General Authority for Statistics (GASTAT) reported a surplus for September 2023 of SAR 44bn ($11.73bn). According to the statistics body, there were SAR 104bn in merchandise exports for that month, while there were SAR 60bn in imports. Compared August, this signals a growing trade […]