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  • Saudi Arabia announces major visa changes for Pakistan, Lebanon and 10 other countries

    A circular published by the kingdom’s civil aviation authority, GACA, said Saudi visa stickers would be replaced by a printed e-visa featuring a QR code. The code will contain all the data required and information on the passenger. The e-visa will replace the stickers for labour, visit or residency visas.

  • Saudi Arabia announces major visa changes for Pakistan, Lebanon and 10 other countries

    A circular published by the kingdom’s civil aviation authority, GACA, said Saudi visa stickers would be replaced by a printed e-visa featuring a QR code. The code will contain all the data required and information on the passenger. The e-visa will replace the stickers for labour, visit or residency visas.

  • Saudi Arabia’s Rawabi Energy gets $1.9 billion loans

    Saudi Arabia's Rawabi Energy said on Monday it had secured 7.175 billion riyal ($1.9 billion) worth of syndicated loans, denominated in riyals and U.S. dollars, to speed up growth and refinance existing debt. HSBC (HSBA.L) was sole structuring bank and, with Gulf International Bank, joint global coordinator. Also on the deal were local lenders Saudi Awwal Bank (1060.SE), Saudi National Bank (1180.SE), Alinma Bank (1150.SE), Riyad Bank (1010.SE), Bank Al Jazira and Al Rajhi Bank (1120.SE).

  • Next Gen ATP Finals Set To Be Held In Saudi Arabia In 2023

    So far, we've seen tennis played in Saudi Arabia mostly in the exhibition format, but from now on, we'll see an official ATP event take place in the country. After months of speculation, it's confirmed that the Next Gen ATP Finals are moving from Milan to Jeddah in Saudi Arabia this year. The venue features six outside tennis courts as well as an indoor arena that can hold up to 12,000 people. It's a given that the event will likely go smoothly because Saudi Arabia won't fumble this event, as it's likely an audition for a bigger one to come in the future.

  • Kylian Mbappé Is Target of Record Offer From Saudi Arabia’s Al Hilal

    Over the weekend, one of the Saudi Professional League’s more prominent teams, Al Hilal, submitted an offer worth $332 million for the France striker to his current team, Paris St.-Germain. Should the deal go through, it would make Mbappé the most expensive player in the sport’s history by some distance, dwarfing the $263 million P.S.G. paid for the Brazilian forward Neymar six years ago.

  • Saudi Arabia set to be biggest gainer from artificial intelligence in Middle East by 2030: PwC 

    A report from the company noted that AI could add $320 billion to the region’s economy, equivalent to 11 percent of gross domestic product. Amid the government’s massive push for digitization and future technology, Saudi Arabia will see AI’s contribution to GDP rise to 12.4 percent in 2030. In terms of average annual growth in the contribution of AI by region, Saudi Arabia is expected to slice off a 31.3 percent share in the technology’s expansion between 2018 to 2030, the PwC report noted.

  • Saudi Arabia spends $18.57 billion on ‘visitor’ refugees in 12 years

    The KSRelief announced that the percentage of visitor refugees within the Kingdom reached 5.5 percent of the total Saudi population, revealing that the total amount of aid provided to them amounted to $18,577,514,133 during the period from 2011 until the current year 2023. The center revealed the break-up of the total aid on the basis of the nationality of the beneficiaries: Yemenis $10,444,468,449; Syrians $5,879,144,198; and Rohingya $2,253,901,486. The total amounts of aid spent on the following sectors: Services provided by the General Directorate of Passports (Jawazat) $7,439,737,181; education $5614,147,528; and health $5,523,629,424.

  • Saudi Arabia spends $18.57 billion on ‘visitor’ refugees in 12 years

    The KSRelief announced that the percentage of visitor refugees within the Kingdom reached 5.5 percent of the total Saudi population, revealing that the total amount of aid provided to them amounted to $18,577,514,133 during the period from 2011 until the current year 2023. The center revealed the break-up of the total aid on the basis of the nationality of the beneficiaries: Yemenis $10,444,468,449; Syrians $5,879,144,198; and Rohingya $2,253,901,486. The total amounts of aid spent on the following sectors: Services provided by the General Directorate of Passports (Jawazat) $7,439,737,181; education $5614,147,528; and health $5,523,629,424.

  • Saudi Arabia revealed as backer of £4bn Selfridges takeover

    The Saudi Public Investment Fund (PIF) acquired an interest in the Oxford Street giant via Australian firm Signa Holdings, which acquired a 50pc stake in Selfridges in August 2022.

  • Saudi Arabia-Israel land bridge work ‘has already begun’

    The trade corridor will facilitate the transfer of goods in trucks initially between the UAE, Israel, Jordan and Israel, and will operate regardless of the status of normalisation efforts between Riyadh and Israel, Al Monitor reported the official, who it did not name, as saying.