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  • Saudi Arabia records highest-ever non-oil exports in June 2021

    Saudi non-oil exports hit their highest-ever monthly level in June 2021, after reaching SR23.5 billion ($6.2bn), the Saudi Export Development Authority (Saudi Exports) said in a statement. Exports in June went up by 40 percent from a year ago, when the country shipped exports with total value of SR16.8 billion, it said.

  • Generation Start-up: how this Saudi company is helping farmers cut water use

    For a company that started out as a way for two researchers from the King Abdullah University of Science and Technology, or Kaust, to apply their research, Red Sea Farms has come a long way. Earlier this month, the Saudi Arabia-based agriculture technology start-up raised a total of $16 million from an enviable roster of investors. But ask its chief executive Ryan Lefers and he admits that it was not always easy for him and his co-founder Mark Tester to approach investors with their basic premise – to use salt water in agriculture.

  • Saudi Falcons Club has achieved ‘quantum leap,’ says German visitor

    “I have been interested in falcon competitions for a long time, since 1994 to be exact. That is when I visited the Kingdom and participated in several competitions. It seems like the SFC has done a lot to make this difference and development. Officials have achieved a big quantum leap. I have noted a remarkable change, things have developed a lot. The great organization deserves to be praised. I am happy to be here, and I would like to thank them for the great hospitality and facilitation.” Nicholas is participating with 26 falcons in the exhibition and seven falcons at the auction.

  • Weapons proliferation risk in Afghanistan very worrying: Saudi Prince Turki

    “You know Al Qaeda targeted the kingdom first before anyone else,” Al-Faisal said, referring to Saudi Arabia. “It is very worrisome, that aspect of it, and now with this weaponry the ally of the Taliban, Al Qaeda, may get their hands on, it’s going to be even more worrisome,” he added.

  • A Saudi businesswoman who wants to bring hospitals to homes

    Kholoud Al-Harbi is a successful Saudi businesswoman who owns Ethar Medical Care Co. She is also vice president of the sector’s trade group, the Saudi Home Care Association. Al-Harbi was able to combine her practical experience in the field of intensive care with a master’s in medical research at the UK’s University of Manchester Salford. Her background and administrative skills were key to helping her launch a business specialized in home medical care, which she believes distinguishes her company from others in the sector.

  • Saudi July net foreign assets fall as central bank invests in foreign securities

    Data from the Saudi Central Bank (SAMA) published late on Sunday showed that the bank's net foreign assets, which measures its ability to support its dollar peg to the riyal, fell marginally by 1 percent to SR1.64 trillion in July from the month before, stabilizing at a level comfortable enough to defend its currency peg.

  • Saudi Arabia and Taliban unlikely to revive old alliances

    The last time the Taliban ran Afghanistan, between 1996 and 2001, Saudi Arabia was one of only three countries in the world to officially recognize the Islamist group's government. Neighboring Pakistan and the United Arab Emirates (UAE) were the other two.

  • Saudi Arabia’s grandiose climate plans struggle to take off

    Riyadh said in its 2015 emissions reduction plan that it would decrease greenhouse gas emissions by 130m tonnes by 2030, but it did not outline how it would do that. During negotiations with scientists, Saudi officials objected to some of the wording in this month’s landmark UN climate report, according to several people involved in the discussions, wanting to replace references to “carbon emissions” with “greenhouse gas emissions”.

  • Saudi investment minister visits Oman to boost economic ties

    Saudi Arabia's Investment Minister Khalid al-Falih was visiting Oman on Sunday to discuss opportunities in both Gulf countries, Saudi state news agency SPA said. The visit follows economic talks earlier this year after which Saudi Arabia said it was considering developing an industrial zone in Oman, a neighbouring country with a much smaller economy.

  • Saudi banks lead Gulf in loan growth as sector posts strong quarter

    Saudi lenders increased their loan books by a net 13.1 percent from the previous three months, the most of any country in the GCC, Kuwait-based asset manager Kamco Invest said in a report. Average return on equity, a measure of profitability, was 11.0 percent for the Kingdom’s banks, second in the region after Qatar, and above the average of 9.1 percent.