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A Look at Saudi Arabia’s Latest Tourism Figures
Tourism minister Ahmed bin Aqeel Al Khateeb recently revealed Saudi Arabia’s latest tourism figures — key numbers for the Kingdom as it looks to diversify its economy in part by attracting visitors to the Kingdom.
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Discussing Saudi Arabia’s growth and construction projects with Waleed Abdel-Fattah, President of the MENA Region at Hill International
Waleed Abdel-Fattah, President of the MENA Region at Hill International, joins The 966 to talk about Saudi Arabia’s building boom and Hill’s traction in KSA since entering the market to help build out what is now known as KAFD. Hill has 100 offices across 42 countries, and its main geographical areas are the US, Europe […]
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Saudi Arabia Leads Arab Push for Palestinian State as Anger over Israel’s Brutality Mounts in East and West
Saudi Arabia is pushing for Arab states to take “a common position on how to end Israel’s war on Hamas as fears grow over its attacks on the refugee haven of Rafah — while increasing calls for an independent Palestinian state,” Bloomberg reports.
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Local content rate seen at 43% in Saudi Arabia with a 20% jump in spending – PIF
The growth rate of local content in Saudi Arabia has now reached 43 percent, a top PIF official noted at the Private Sector Forum in Riyadh yesterday, noting that overall spending on content has increased by 20 percent.
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2nd PIF Private Sector Forum Concludes; Expands Private Sector Interaction with PIF Portfolio Companies
Saudi Arabia concluded its second edition of the “PIF Private Sector Forum” in Riyadh, an event that brought together stakeholders from the PIF and its portfolio companies to engage directly with private sector companies at the King Abdulaziz International Convention Center in Riyadh.
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Fitch Affirms Saudi Arabia at ‘A+’ with Outlook Stable
Fitch Ratings has affirmed Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook, the ratings agency said. “Saudi Arabia’s ratings reflect its strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the ‘A’ and ‘AA’ medians, and significant fiscal buffers […]
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The Public Investment Fund’s Head of National Development, Jerry Todd, talks PIF investment strategy, localization and more…
Lucien Zeigler sits down with an exclusive conversation with Jerry Todd, Head of the National Development Division at the Public Investment Fund (PIF) of Saudi Arabia, in a new format and program called 966 Live, recorded at PIF studios in a fireside chat style of engagement. Jerry Todd, who is also on the PIF’s Management […]
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Kingdom Launches ‘Alat’, A New Effort to Transform Saudi int Electronics and Advanced Industries Hub
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Thursday the launch of a new Public Investment Fund company called “Alat,” which will contribute to the aim of making Saudi Arabia a global hub for sustainable technology manufacturing that focuses on advanced technologies and electronics, Saudi Press Agency reported.
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Saudi Arabia’s non-oil sector grew 4.6 percent in 2023 – Reports
Saudi Arabia’s non-oil sector grew at a strong rate, a positive sign for the Saudi government’s Vision 2030 economic and social reform drive that puts diversification of the economy away from oil as a top goal.
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Report: Saudis Resume US Defense Talks After Pause From Israel-Hamas War
Saudi Arabia has resumed talks with the US about forging closer defense ties after a pause following the start of the Israel-Hamas war in early October, according to people familiar with the discussions, Bloomberg reports.
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U.N. rights boss seeks freedom for Saudi women activists
U.N. human rights chief Michelle Bachelet called on Saudi Arabia on Wednesday to release women activists allegedly tortured in detention after authorities accused them of harming the country's interests. Activists have named 10 Saudi women held for their campaigning, voicing fears that they could face harsh sentences. Saudi Arabia's public prosecutor is preparing the trials of detainees, identified by watchdog groups as women's rights activists, after completing its investigations, state news agency SPA said last Friday.
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Saudi Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO
Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7 million shares in the IPO, including 5.3 million new shares, according to a statement on Sunday. Bookbuilding for institutional investors will run from May 12 through May 16, while retail investors will be able to bid from May 29 to May 30.
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Saudi anti-corruption authority reveals details of recent cases
In one case, two Central Bank employees were arrested for receiving sums of money from a resident, who was also arrested, in exchange for depositing more than SR7.3 million ($1.95 million), without verifying the source, into bank accounts belonging to commercial entities over a two-year period. In another case, a security officer working at the General Department of Traffic was arrested for receiving SR387,000 from the owner of a public services office, who was also arrested, in exchange for illegally amending the essential data of a group of vehicles.
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Photos: Highlights of WTT Saudi Smash 2024-Xinhua
Fan Zhendong of China returns a shot during the men's singles round of 64 match against Nicolas Burgos of Chile at WTT Saudi Smash 2024 in Jeddah, Saudi Arabia, May 5, 2024
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Saudi Arabia Posts Budget Deficit as Capex Spending Climbs
Saudi Arabia recorded a sixth straight quarterly budget deficit as increased spending on capital expenditure and other areas outpaced growth in revenue. The shortfall stood at 12.4 billion riyals ($3.3 billion) in the first quarter, more than four times higher than a year ago, according to a statement from the Ministry of Finance on Sunday. On a quarterly basis, the deficit eased from about 37 billion riyals at the end of 2023.
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Turkey halts all trade with Israel, cites worsening Palestinian situation
Turkey stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing "worsening humanitarian tragedy" in the Palestinian territories."Export and import transactions related to Israel have been stopped, covering all products," Turkey's trade ministry said in a statement."Turkey will strictly and decisively implement these new measures until the Israeli Government allows an uninterrupted and sufficient flow of humanitarian aid to Gaza."
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Greece and Saudi Arabia to launch studies for potential electricity interconnector
Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries.
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Opinion: Unable to ‘win’ in Gaza, Israel sets its sights elsewhere
For the meanwhile, it appears that neither Israel nor Iran wants a direct war with each other, and both appear ready to consider the recent exchange of attacks, although not their underlying causes, resolved. It certainly helps that no one appears to have been killed in either country, and that was undoubtedly intentional, since both sides have the clear ability to inflict far more destruction and deaths in each other’s territories if that was what they wanted.
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Judge declares mistrial after jury deadlocks in lawsuit filed by former Abu Ghraib prisoners
A judge declared a mistrial Thursday after a jury said it was deadlocked and could not reach a verdict in the trial of a military contractor accused of contributing to the abuse of detainees at the Abu Ghraib Prison in Iraq two decades ago. The mistrial came in the jury’s eighth day of deliberations. The deliberations went far longer than the trial itself.
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Secondary school graduates can get enrolled in universities across all Saudi regions
The Saudi Council of Universities Affairs issued a decision to open admission for government secondary school graduates in universities across all regions of Saudi Arabia, effective from the next academic year 1446.
The council stated that the prerequisite to limit the admission to students from the administrative region to which the university is affiliated will no longer be applicable. The council’s decision aims to enable male and female students to search for the appropriate academic paths for them, and to provide opportunities for fair competition for university seats in all government universities throughout Saudi Arabia. - 10 of 57713 results<< 1 … 6 7 8 … 5,772 >>