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  • Saudi Business Center Launches 2nd Phase’s QR-Code

    The Saudi Business Center (SBC) has launched the 2nd phase of Unified QR-Code service to boost the attractiveness of the business environment in the Kingdom, reported the Saudi Press Agency (SPA). The current phase includes 120 licenses linked to the QR-Code document affiliated with nine government agencies. As part of a promising initiative launched by the SBC last January, the 2nd phase allows businesses to consolidate all licenses and certificates from concerned government partners into a single online document.

  • Saudi Arabia boosts FDI landscape with new investment law updates

    Saudi Arabia’s Council of Ministers has recently approved the updated investment law, building on previous reforms under Vision 2030 and the National Investment Strategy. The Kingdom’s latest investment law updates bring together several existing freedoms and rights and apply them to investors under one unified framework, ensuring greater transparency, flexibility, and confidence for investors.

  • Saudi Arabia’s King Abdulaziz Port enhances connectivity with new shipping service

    Saudi Arabia’s King Abdulaziz Port in Dammam is set to enhance its maritime links with key ports in India and China with the introduction of a new shipping service. The General Authority for Ports, also known as Mawani, announced the launch of the “Milaha Gulf Express 2,” or 2-MGX service, operated by Qatari navigation company Milaha.

  • The first-ever retro Pepsi Diner is in Saudi – and it’s anything but ordinary

    Bringing the first-ever experience of its kind to Riyadh, the new diner is a limited collab between PepsiCo and Black Tap. The exclusive experience blends the creativity behind the New York burger joint Black Tap with the flavours of Pepsi to create a modern twist on a classic American diner.

  • Saudi Artist Turns Calligraphy Into Captivating Art With His Stunning Projects

    Based in Riyadh, Al-Sulaimani’s love for calligraffiti started back in school during an Arabic calligraphy class. Captivated by the power of the written word, he started blending this timeless art form with vibrant, graffiti-inspired styles, creating eye-catching and unique masterpieces.

  • Saudi: New Nazaha law stipulates termination of government employee if convicted of corruption

    A government employee shall be terminated from service in the event of conviction of corruption by a court of law. Legal measures will be taken against an employee if he amasses wealth disproportionate to his income. These provisions are included in the new Saudi Oversight and Anti-Corruption Authority (Nazaha) Law, approved by the Council of Ministers on July 23.

  • Saudi Maaden Doubles Profits in Second Quarter of 2024

    The net profits of the Saudi Arabian Mining Company (Maaden) doubled by approximately 192 percent to one billion riyals ($266 million) during the second quarter of 2024, compared to SAR 350.9 million ($93 million) during the same period last year. In a statement on Tadawul, the company attributed the growth to the increase in total profit by 35 percent to SAR 572 million as a result of the rise in selling prices, the decrease in the cost of raw materials, and depreciation expenses.

  • Saudi EV market seen to grow by 6% YoY until 2030: Lucid

    Marc Winterhoff, Chief Operating Officer at Lucid Group, predicts that the electric vehicle (EV) market in Saudi Arabia will grow by 6% year-on-year (YoY) until 2030, Al Eqtisadiah newspaper reported. He added that by that time, 210,000 to 250,000 EVs would be sold annually in Saudi Arabia, a significant number that aligns with Saudi Arabia’s commitment to manufacturing 500,000 vehicles and supporting this investment with $50 billion.

  • Saudi Arabia ranks 4th in road quality index in G20 countries

    Saudi Arabia’s road quality index has risen to 5.7, placing the Kingdom in the fourth rank among the G20 countries, according to a survey carried out by the Saudi Roads General Authority. More than 77 percent of the roads across Saudi Arabia meets safety standards, exceeding the 66 percent targeted last year, the survey pointed out. These performance results were revealed 500 days after the Kingdom’s launching of the Roads Sector Strategy that focuses on safety, quality and traffic density, and based on its role in organizing and supervising the sector by setting the necessary policies, standards and procedures for the roads sector.

  • Real’s Vinicius open to one billion euro Saudi offer, sources say

    Real Madrid and Brazil forward Vinicius Jr is open to an offer of more than one billion euros from Saudi Arabia, sources close to the player told Reuters on Monday. Vinicius, 24, was approached by Saudi Public Investment Fund (PIF) officials to inquire about his interest of moving to the Saudi Pro League (SPL) on a five-year contract worth around 200 million euros per season fixed, plus bonuses. The package would also include a separate 10-year contract to become an ambassador for the 2034 World Cup, which is set to be held in the country, but those terms and financial numbers are yet to be discussed.