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  • Saudi Arabia’s PIF launches Sawani to target camel milk industry growth

    Saudi Arabia’s Public Investment Fund (PIF) has announced the establishment of Sawani Company to enable the growth of the Kingdom’s camel farming industry and actively contribute to its sustainable development.

  • Residential rental deals in Saudi Arabia surge 137% in June 

    Residents in Saudi Arabia have been benefiting from the availability of more housing options as the number of residential rental deals surged 137 percent in June compared to the same month in 2022. The rental index revealed that more than 240,000 deals were recorded, reflecting 190,000 more agreements than those posted in the same month a year earlier, according to the Saudi Press Agency. The index aims to achieve transparency and stimulate investment in the Kingdom’s rental real estate sector. It also comes within the framework of supporting beneficiaries, raising the efficiency of the market, and elevating affordability in the Kingdom in line with the objectives of the Housing Program, which is one of the key initiatives of Saudi Vision 2030.

  • Saudi Arabia and Japan to co-operate on crude exports and clean hydrogen

    Saudi Arabia, the world’s largest oil exporter, will continue its co-operation with Japan in areas such as crude exports and clean hydrogen, the kingdom’s energy minister has said. Prince Abdulaziz bin Salman said that Saudi Arabia, which is responsible for 40 per cent of Japan’s oil imports, will ensure the security of supplies to the energy-starved Asian country, the official Saudi Press Agency reported on Sunday. The minister also emphasised the need for joint co-operation between the two countries in the field of clean hydrogen and its applications, in addition to developing the infrastructure for “circular carbon economy” applications.

  • Saudi Arabia takes baton from Algeria, welcomes all to 16th edition of Arab Games 2027

    Minister of Sports Prince Abdulaziz Bin Turki Bin Faisal, who is also the president of the Union of Arab National Olympic Committees, welcomed the Arab delegations participating in the 16th edition of the Arab Games, which will be hosted by the Kingdom in 2027.

  • Engie and Saudi Arabia’s PIF sign agreement to develop hydrogen projects in the kingdom

    The deal will “contribute to driving the energy transition in the kingdom and achieving its aspirations and goals in the green hydrogen sector”, said Frederic Claux, managing director for Flexible Generation and Retail, Amea at Engie.

  • Germany loosens arms exports to Saudi Arabia, but continues blocking Eurofighter jets

    Germany on Wednesday agreed to loosen some of its restrictions on weapons sales to Saudi Arabia but is continuing to block deliveries of Eurofighter jets. German Chancellor Olaf Scholz’s government coalition reached an agreement to allow weapon exports to Riyadh "in specific individual cases", Scholz's spokesperson, Steffen Hebestreit, said in a statement, which cited the kingdom's ceasefire efforts in Yemen. The conditions for those weapons sales are that the weapons must not be utilised in Yemen and must not be used in relation to potential human rights violations, Hebestreit added.

  • How are consumers and agencies changing in Saudi Arabia?

    Clients in Saudi Arabia are embracing digital transformation and looking for innovative technological solutions. This leads to demand for advanced digital platforms, mobile applications, e-commerce solutions and online service delivery. Additionally, clients are interested in emerging technologies such as AI, blockchain, and the Internet of Things (IoT) to enhance their daily lives and business operations.

  • France and Saudi Arabia to cooperate on hydrogen and electricity development from renewable resources

    Both countries have decided to join forces in the search for innovative solutions to produce hydrogen in the most effective and competitive way, and to develop its use in industry, mobility, power generation, buildings and other relevant applications. To facilitate this cooperation, a ‘French-Saudi Task-Force’ will be established with the goal of achieving mutually beneficial outcomes in the field of hydrogen and other related domains.

  • Saudi Arabia: E-Visa for Tourism Expanded to Certain UK, US, EU and Schengen Visa Holders and Permanent Residents

    Effective immediately, the Ministry of Tourism expanded the eligibility for e-visas for tourism to individuals holding a valid business or tourist visa issued by the United Kingdom, United States, or Schengen Area countries; permanent residents of the United Kingdom, United States or European Union; and their first-degree relatives. Previously, these individuals could only obtain a visa-on-arrival.

  • Saudi Arabia likely to expand economic package for Haj 2024

    The economic package, which aims at meeting the financial needs of Haj pilgrims, starts at 3,984 Saudi Riyals, depending on its services. It can be paid in full or over three instalments.