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 […]
Saudi Arabia’s CMA proposes rules to boost secondary share offerings
Saudi Arabia has proposed a framework for secondary offerings to increase the attractiveness of the capital market to investors and boost the weight of the kingdom in emerging market indexes, the Capital Market Authority (CMA) said on Wednesday. The Saudi market regulator invited participants in the capital market as well as relevant and interested persons […]
First hydrogen truck inaugurated in Saudi Arabia
The Transport General Authority (TGA) has inaugurated the first hydrogen truck in Saudi Arabia in collaboration with Almajdouie Logistics. The launch of the first-ever hydrogen truck has been inaugurated on an experimental basis in a step that reflects TGA’s commitment to achieving the goals of the Kingdom’s Vision 2030 toward providing an environment free […]
Budget Saudi and Electromin join forces to propel green mobility with EV charging infrastructure across the Kingdom
Budget Saudi has signed a significant agreement with Electromin during the EV Auto Show in Riyadh on October 10, 2023. The partnership aims to establish an electric vehicle (EV) charging infrastructure at Budget Saudi’s key facilities across the Kingdom, aligning with Saudi Vision 2030’s sustainability goals. Focused on achieving a greener future and contributing to […]
Saudi Arabia: Gaza disaster exposes double standards and selective application of international laws
Saudi Arabia emphasized on Wednesday that the Gaza disaster has exposed the double standards and selective application of international laws and UN resolutions by the global community. In his speech, on behalf of Saudi Crown Prince and Prime Minister Mohammed bin Salman, at the virtual summit of the leaders of the G20 countries, Finance Minister […]
Islamic foreign ministers welcome successful mediation efforts for truce in Gaza
The Islamic Ministerial Committee, represented by foreign ministers of a number of Arab and Islamic countries, welcomed the joint efforts of Egypt, Qatar, and the United States of America to broker a humanitarian truce in the besieged Gaza Strip that is expected to come into force shortly. The ministers called on Britain to play […]
IHG signs two properties in Saudi Arabia’s Taif
Earlier this month, IHG Hotels and Resorts signed two properties in Saudi Arabia – Holiday Inn and Suites Taif and Staybridge Suites Taif. For both of these properties, it has partnered with the Al Jumaiah Group. The two properties are expected to open in Q4 2025 in Al Shafa in Taif which is located 2,500m […]
MBC Group prepares to float shares on Saudi Exchange
MBC Group, one of the leading media and entertainment companies in the Middle East and North Africa (MENA) region, has intend to proceed with an initial public offering (IPO) and the listing of its ordinary shares on the Main Market of the Saudi Exchange (Tadawul). The Capital Market Authority (CMA) approved the Company’s application for […]