Saudi SME Bank drives economic growth with $267m disbursed since inception
Saudi Arabia’s Small and Medium Enterprise Bank disbursed SR1 billion ($267 million) between its launch in December 2022 and January this year, latest figures show. Official data from the Kingdom’s […]
Tourists’ spending in Saudi Arabia up 23% to $12bn
Tourism spending in Saudi Arabia saw an annual increase of 23 percent in the first three months of the year, hitting SR45 billion ($12 billion), according to new figures. Data released […]
Middle East carriers witness 15.3% air cargo demand growth in May: IATA
Middle Eastern airlines witnessed a 15.3 percent year-on-year demand growth for cargo in May, driven by growing e-commerce and maritime issues, an analysis showed. In its latest report, the International […]
Saudi Arabia to turn 3m tonnes of waste into fuel annually with new management project
Saudi Arabia is set to process approximately 3 million tonnes of municipal solid waste annually to produce refuse-derived fuels in six governorates following a new agreement. The new plastic waste management project, a […]
Saudi Local Content Coordination Council achieves 47% domestic content rate – latest figures
Saudi companies that are members of the Local Content Coordination Council sourced 47.22 percent of their purchases domestically in 2022, latest data showed. A statement released by the Local Content […]
PIF’s revenue soars 100% to $88.3bn, latest figures show
Saudi Arabia’s sovereign wealth fund has reported strong financial results for 2023, achieving revenues of SR331 billion ($88.3 billion) from its diverse investment portfolio, marking over 100% percent growth from […]
Saudi, Bangladeshi foreign ministers chair political consultations in Riyadh
The foreign ministers of Saudi Arabia and Bangladesh chaired a second round of political consultations between the two countries on Monday, Saudi Press Agency reported. Prince Faisal bin Farhan and […]
OIC holds international symposium on Jerusalem, Gaza war in Jeddah
The Organization of Islamic Cooperation held an international symposium on Jerusalem and the Gaza war at the organization’s headquarters in Jeddah on Monday. Organized in conjunction with the Committee on […]
Private sector establishments must update branch data through ‘Qiwa’ platform
The Ministry of Human Resources and Social Development has called on private sector establishments to update their branch location data using the “Establishment Location Management” service available on the Qiwa […]
Flynas launches Saudi Arabia’s first sign language training program for cabin crew
Air carrier Flynas has launched Saudi Arabia’s first program to train airline cabin crew in sign language. According to a recent report by Saudi Press Agency, the program is being […]
