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PIF launches new firm to boost Saudi sustainable tech sector
Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) has launched its new entity ‘Alat’ aimed at creating a national champion that will contribute to the aim of making the […]
SAMA Governor & ECB President discuss developments in central banking
Saudi Central Bank (SAMA) Governor Ayman Al-Sayari has received European Central Bank (ECB) President Christine Lagarde at SAMA headquarters in Riyadh. During the meeting, the two sides discussed the recent […]
Saudi’s stc Group to participate at World Defense Show 2024
Saudi Arabia’s stc Group, the engine of digital transformation, is participating as a sponsor at the World Defense Show 2024, to take place from February 4 to 8, 2024, in […]
Saudi Arabia mulls selling additional shares in Aramco to raise SR40 billion, Bloomberg reports
Saudi Arabia is considering reviving plans for a follow-on share offering in Saudi Aramco to raise at least SR40 billion ($10 billion) as early as February, Bloomberg News reported on […]
FDI inflow to Saudi Arabia jumps 20% to SR762 billion during 2022
The balance of foreign direct investment (FDI) in Saudi Arabia jumped to SR762 billion ($203.2 billion) by the end of 2022, compared to 2021 when it reached SR659 billion ($175.7 […]
Council of Economic and Development Affairs reports over 98% performance increase
The Council of Economic and Development Affairs (CEDA) has reported a increase in performance indicators of over 98% during its recent virtual meeting. The Council discussed several reports and agenda […]
Saudi Arabia launches ‘GenAI for All’ initiative at Digital Cooperation Organization
In a move to bolster digital cooperation and artificial intelligence (AI) capabilities, Saudi Minister of Communications and Information Technology Abdullah Al-Swaha announced the launch of the ‘Generative Artificial Intelligence for […]
Crown Prince and Cameron discuss regional security
Crown Prince and Prime Minister Mohammed bin Salman met with UK Secretary of State for Foreign, Commonwealth and Development Affairs David Cameron in Riyadh on Wednesday. During the meeting, the […]
Saudi Arabia and Kuwait assert ownership of Durra field
Saudi Arabia and Kuwait underscored their unequivocal stance regarding the Durra field, asserting its location entirely within Kuwait’s exclusive maritime areas. They emphasized that the natural resources in the […]
Saudi EXIM Bank strikes agreement with ITFC
Saudi EXIM Bank has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) to implement a $25 million financing line for Habib Bank Limited (HBL) in the Islamic […]