Saudi foreign ministry official receives credentials of new Sri Lanka envoy

Abdulmajeed Al-Samary, undersecretary of protocol at the Ministry of Foreign Affairs, recently received the credentials of Sri Lanka’s newly appointed ambassador to the Kingdom Omar Lee Ameer Ajwad on behalf of Foreign Minister Prince Faisal bin Farhan. Meanwhile, Deputy Minister of Foreign Affairs Waleed Elkhereiji on Saturday took part in the inauguration ceremony for El…

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Enforcement of penalties for performing Hajj without a permit begins

RIYADH: Saudi Arabia’s Public Security has began imposing penalties on pilgrims violating Hajj regulations and instructions by undertaking a pilgrimage without a permit. The areas covered by the no-permit, no-Hajj policy include the city of Makkah, the central area, the holy sites, the Haramain train station, security checkpoints, screening centers and temporary security checkpoints, according…

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45 Saudis train in traditional crafts at the House of Artisans in Qatif

RIYADH: A total of 45 young men and women have enrolled in the Heritage Commission’s training and development program to be conducted over 12 months at the House of Artisans at the Al-Ramis project in Qatif, the Saudi Press Agency reported.The program aims to preserve heritage and equip young individuals with the skills to work…

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Kuwait, Saudi approve study for railway link

KUWAIT: Minister of Public Works and Minister of State for Municipal Affairs Dr Noura Al-Mashaan announced on Thursday the Kuwaiti-Saudi High Steering Committee has approved the feasibility study outcomes for the railway connection project between Kuwait City and Riyadh at its sixth meeting. “The agreement between the two brotherly countries reflects a shared will to build…

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Saudi Arabia and Qatar sign tax rules agreement

RIYADH: Saudi Arabia’s minister of finance, Mohammed Al-Jadaan, and his Qatari counterpart, Ali Al-Kuwari, signed an agreement on Thursday designed to avoid the possibility of double taxation and prevent tax evasion. During the signing ceremony in Doha, Al-Jadaan said the agreement is part of efforts to strengthen legislative coordination between the two countries, to encourage…

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Saudi Public Investment Fund emerges as most valuable and second-strongest sovereign wealth fund globally

RIYADH: Saudi Arabia’s Public Investment Fund has topped the list of the most valuable brands among global sovereign wealth funds, according to a report by UK-based brand valuation and strategy consultancy Brand Finance. The list includes 50 of the largest asset management companies and sovereign wealth funds in the world. The inaugural Asset Management and…

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Usyk-Fury sequel set for Dec. 21 as part of Riyadh Season

RIYADH: Tyson Fury will seek revenge against Oleksandr Usyk on Dec. 21 in Riyadh for the heavyweight boxing title. Usyk defeated the British boxer on May 19 on points, becoming the first undisputed heavyweight champion of the 21st century.The chairman of the Saudi General Entertainment Authority Turki Alalshikh said: “The quality of the first fight…

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PIF crowned world’s most valuable wealth fund brand

RIYADH: Saudi Arabia’s Public Investment Fund has been named the world’s most valuable sovereign wealth with a brand value of $1.1 billion, according to an analysis.  In its latest report, UK-based strategic consultancy Brand Finance revealed that Saudi Arabia’s wealth fund secured the top spot in the list due to its diverse investment strategy, trust…

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Islamic Ministry unites volunteers to serve pilgrims

MAKKAH: Almost 5,000 people are set to volunteer for programs launched by the Makkah arm of the Saudi Ministry of Islamic Affairs, Dawah and Guidance, the Saudi Press Agency reported on Wednesday. The branch has launched 247 opportunities via its volunteering platform to coincide with the start of the Hajj season. These include distributing more…

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Saudi recruiters to face heavy fines for visa violations

RIYADH: The General Directorate of Public Security announced that recruiters who postpone reporting the departures of employees as soon as their entry visas expire will be subject to a fine of about SR50,000 ($13,300), imprisonment for up to six months, and deportation of recruitees if they are expatriates. The directorate called for reporting residency, work…

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