Saudi Arabia’s bold recycling plan will see it become a world-leader, experts believe

RIYADH: In an era marked by growing environmental concerns and the pursuit of sustainable development, recycling has emerged as a crucial driver of economic prosperity for countries worldwide. Beyond its environmental benefits, recycling holds significant economic advantages, fostering job creation, stimulating local industries, and bolstering long-term economic stability. Saudi Arabia is seeking to make the…

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Saudi delegation meets UK’s National Audit Office to boost cooperation, expertise

LONDON: A delegation from Saudi Arabia’s General Auditing Bureau met with officials from the UK’s National Audit Office in London to discuss strengthening cooperation and exchange expertise in the field of public sector auditing, Saudi Press Agency reported on Saturday.During the meeting, both parties explored opportunities for collaboration on performance reviews, financial statement analysis, technical…

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Share of non-oil activities in Saudi Arabia’s GDP to surge by 2030: S&P Global

RIYADH: Saudi Arabia’s non-oil gross domestic product is projected to grow by up to 6 percentage points by the end of the decade, driven by the Vision 2030 initiatives, according to S&P Global. The international rating agency said over the past decade, the non-oil economy, with a focus on boosting consumer spending in tourism and…

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Saudi Arabia strongly condemns intrusion by Netanyahu into Palestinian Jordan Valley

JEDDAH: The Saudi Ministry of Foreign Affairs strongly condemned what it described as a blatant Israeli intrusion by Israeli Prime Minister Benjamin Netanyahu into a Palestinian-controlled area of the Jordan Valley. It said the incident was a provocative action carried out with the aim of expanding Israeli settlement activity that violates international law and resolutions…

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Saudi FM participates in Arab League meeting in Cairo

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan participated in an Arab League foreign ministers meeting in Cairo on Tuesday. During the meeting, ministers discussed joint Arab action to intensify coordination on the Palestinian issue and other matters of concern.  Regional and international developments were also discussed at the meeting that was attended by a…

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National Cultural Awards winners honored in Riyadh

RIYADH: Saudi Arabia’s Minister of Culture Prince Badr bin Abdullah honored the Winners of the Fourth National Cultural Awards in Riyadh Monday evening. The event, which was held under the patronage of Crown Prince Mohammed bin Salman, saw the creation of two new awards for cultural media and handicrafts. Cultural Pioneer Award went to Dr….

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New shipping service to boost trade between Saudi Arabia and India

JEDDAH: A new shipping route connecting Jeddah to India’s major commercial hubs has been launched by a subsidiary of Saudi Arabia’s Public Investment Fund.   Folk Maritime Services Co., which specializes in regular liner and feeder services, will connect Jeddah Islamic Port on the Red Sea with the Asian country’s maritime hubs of Mundra and Nhava…

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Saudi Arabia’s non-oil economy grows 4.9% in Q2: GASTAT 

RIYADH: Saudi Arabia’s non-oil activities expanded 4.9 percent year-on-year in the second quarter of 2024, driven by gains in the financial and insurance sectors, official data showed.   According to data from the General Authority for Statistics, the financial, insurance, and business services sectors surged 7.1 percent in the second quarter compared to the same period…

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