Saudi Arabia is on track to boost the localization of professions related to the mining sector thanks to a new agreement signed by the Human Resources Development Fund. Inked with the Saudi Arabian Mining Co., also known as Ma’aden, the memorandum of understanding aims to enhance cooperation and partnerships between the two parties to develop…
The President of Mauritania Mohamed Ould Ghazouani and his accompanying delegation arrived in Madinah to visit the Prophet’s Mosque on Thursday. The president will pray in the mosque and pay his respects to Prophet Muhammad and his companions Abu Bakr and Umar. Earlier on Thursday, Ghazouani attended an Arab League summit in Bahrain.
The Arab League on Thursday called for a United Nations peacekeeping force in the Palestinian territories at a summit dominated by the ongoing Israel-Hamas war in Gaza. The “Manama Declaration” issued by the 22-member bloc called for “international protection and peacekeeping forces of the United Nations in the occupied Palestinian territories” until a two-state solution…
The Kingdom and Iraq have signed an agreement to counter money laundering and terrorism, the Saudi Press Agency reported on Thursday. The pact was signed between the General Directorate of Financial Investigation at the Presidency of State Security and the Anti-Money Laundering and Countering Financing of Terrorism Office of the Republic of Iraq. The agreement…
RIYADH: An ambitious roadmap setting out how Saudi Arabia will grow its aviation sector tenfold into a $2 billion industry will be unveiled at a special event in May. The plans cover the business jet segment, including charter, private, and corporate aircrafts, and will support Saudi Arabia’s development as a global high-value enterprise and tourist…
RIYADH: Hong Kong and Chinese companies are gearing up for substantial investments in the Saudi market, marking a significant step toward strengthening economic ties, a top official said. A delegation of 30 business leaders from Hong Kong and mainland China is set to explore diverse sectors in the Kingdom, propelled by the ambitious Vision 2030…
RIYADH: Saudi Arabia’s non-oil private sector continued its growth momentum in April, driven by strong demand conditions across domestic markets, as indicated by an economic tracker. The Kingdom’s Purchasing Managers’ Index in April remained unchanged at 57 compared to March, signifying a flourishing non-oil economy in the country, according to the Riyad Bank Saudi Arabia…
The Directorate of Public Security of Saudi Arabia has announced the implementation of regulations governing Haj on Saturday, May 4, the Saudi Press Agency (SPA) reported. Saudi residents wishing to enter Makkah will now be required to have a permit, it said. The new regulations aim to streamline the Haj process and ensure the safety…
RIYADH: US electric vehicle manufacturer Lucid Group and Saudi Arabia’s King Abdulaziz City for Science and Technology have inked a pact to boost EV technology development within the Kingdom. As part of the deal, the California-based firm, in which Saudi Arabia’s Public Investment Fund holds a significant stake, will collaborate with KACST on joint research, utilizing the institute’s services,…
Saudi Arabia’s real gross domestic product saw a 1.3 percent rise in the first three months of this year compared to the previous quarter, official data showed. According to the General Authority for Statistics, this rise in real GDP was propelled by oil and non-oil activities which increased by 2.4 percent and 0.5 percent during the period, respectively. …
