Saudi reserves at central bank grow to $450bn
Saudi Arabia’s reserves at the Kingdom’s central bank saw a 2.8 percent year-on-year rise to SR1.69 trillion ($450.31 billion) in November. These assets include monetary gold, foreign accounts, and special […]
Saudi Arabia qualifies 6 mining firms for Exploration Enablement Program
Saudi Arabia has chosen six local and international mining companies for its Exploration Enablement Program designed to boost investments and enhance the competitiveness of the sector. Royal Road, Ajlan and Bros Holding, […]
Domestic demand propels Saudi cement sales up 12 percent
Cement sales in Saudi Arabia saw an annual increase of 12.33 percent in the fourth quarter of 2024, reaching 14.87 million tonnes, according to recent data. Figures released by Al-Yamama […]
Saudi foreign minister to lead Kingdom’s delegation at World Economic Forum in Davos
Foreign minister Prince Faisal bin Farhan will lead the Kingdom’s delegation attending the World Economic Forum annual meeting in Davos next week, a statement from the Ministry of Economy and Planning […]
Nuclear power industry needs $120bn a year by 2030
Nuclear energy development funding needs to double to $120 billion a year by 2030 to meet the rising demand for infrastructure development, according to an analysis. In its latest report, […]
Saudi Arabia , Japan Strengthen Investment Ties
The Saudi Investment Promotion Authority has signed a memorandum of understanding (MoU) with Japan’s Mizuho Bank to enhance investment opportunities between the Kingdom and Japan. This MoU aims to leverage […]
SAMA Launches Trial Phase of its E-Services Portal ‘eSAMA’
The Saudi Central Bank (SAMA) said in a press release today that it launched the trial phase of its new e-services portal, “eSAMA,” which enables individuals, government entities, and businesses […]
Mawani Boosts Saudi Arabia’s Position as Global Logistics Hub in 2024
The Saudi Ports Authority (Mawani) achieved significant milestones in 2024, further enhancing Saudi Arabia’s status as a global logistics hub. These achievements included improved international rankings for Saudi ports and […]
Riyadh Meetings Presidency Issues Statement on Syria
The Riyadh Meetings Presidency issued a statement on Syria today following a meeting convened at the invitation of Saudi Foreign Minister Prince Faisal bin Farhan Al Saud. The gathering built […]
Saudi Arabia de-risks investments to attract foreign SMEs: Al-Falih
Saudi Arabia is de-risking investments for foreign small and medium-sized enterprises to encourage their entry into the Kingdom, according to a senior official. In an interview with Arab News on […]
