FMs of Arab, Islamic countries assigned to create an international pressure to stop the war on Gaza
The foreign ministers of Saudi Arabia, Jordan, Egypt, Qatar, Türkiye, Indonesia, Nigeria, Palestine have been assigned to create an immediate international pressure to stop the war on Gaza. This was revealed on Saturday as part of a resolution issued by the extraordinary joint Arab-Islamic Summit, delivered by Saudi Arabia’s Foreign Minister Prince Faisal Bin Farhan […]
Iran’s president lands in Riyadh for landmark summit
Iranian President Ebrahim Raisi and his delegation touched down in Riyadh on Saturday to partake in the Joint Arab Islamic Extraordinary Summit. Welcomed at King Khalid International Airport by Deputy Governor of Riyadh Region Prince Mohammed Bin Abdulrahman, Saudi Ambassador to Iran Abdullah Al-Anzi, Iranian Ambassador to the Kingdom Dr. Alireza Enayati, and various officials, […]
Saudi foreign minister warns against justifying Israel’s violations
Saudi Foreign Minister Prince Faisal Bin Farhan said that what is happening in Gaza is collective punishment carried out by Israel. In a press conference following the Arab-Islamic summit, Prince Faisal stated that the war in Gaza must cease, and peace can only be achieved through the Palestinian state. Responding to journalists’ questions, the Saudi […]
Crown Prince blasts international failure to halt Israeli aggression
Saudi Arabia’s Crown Prince Mohammed Bin Salman has affirmed the Kingdom’s unequivocal rejection and condemnation of Israel’s unjust war on Palestine. Prince Mohammed described the was as “a humanitarian catastrophe that exposes the failure of the Security Council and the international community to curb the blatant Israeli violations.” He reiterated the call for an immediate […]
SDAIA showcases digital transformation of ‘Nafath Application’
The Saudi Data and Artificial Intelligence Authority (SDAIA) has showcased the digital transformation journey in the Nafath application at the Gartner IT Symposium/Xpo 2023 in Barcelona, Spain. The Kingdom is participating in the event with ten government entities in order to showcase the leading success stories in digital transformation in the Kingdom. The Gartner IT […]
UAE’s Masdar consortium wins bid for $1bn solar plant in Saudi Arabia
Abu Dhabi clean energy firm Masdar, also known as Abu Dhabi Future Energy Company, along with EDF Renewables and Nesma Company, has won a bid for the 1,100 megawatt (MW) Al Henakiyah solar power plant in Saudi Arabia. The Masdar-led consortium signed a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) to develop, […]
Taif Investment Forum ends on a successful note : nets $3bn deals
Leading Saudi, UK, Chinese and Korean companies have signed investment agreements worth over SAR11 billion ($3 billion) at the Taif Investment Forum which concluded today (November 8). The event, held in the southwestern city of Saudi Arabia, was attended by several high-ranking officials from Saudi government agencies and the private sector. The key agreements inked […]
Saudi FDI inflows hit SR122 billion in 2022, placing 10th among G20
The foreign direct investment (FDI) flows into Saudi Arabia amounted to SR122 billion ($33 billion) during the year 2022, and this places the Kingdom on the 10th rank among the G20 economies last year. This figure was almost double to the value of FDI inflows in 2015 that accounted for SR64 billion ($17 billion). These updated […]
Cabinet urges energy minister to hold talks with AOS on clean fuel solutions for food provision
The Cabinet, chaired by Custodian of the Two Holy Mosques King Salman Tuesday in Riyadh, approved a model of a memorandum of understanding between Saudi Arabia and the governments of countries and international organizations to cooperate in implementing the initiatives of the Oil Sustainability Program (OSP). It also authorized the minister of energy, chairman of […]
Saudi EXIM bolsters trade ties between Saudi Arabia & Vietnam
A delegation from the Saudi Export-Import Bank (Saudi EXIM) concluded a visit to the Socialist Republic of Vietnam, that is aimed at discussing opportunities for mutual cooperation in the fields of export and import. Furthermore, the visit intends to enhance trade exchange, and economic growth between the two countries. The delegation held intensive meetings over […]