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  • Saudi National Bank Posts 20% Rise in Quarterly Profit

    Saudi National Bank (SNB), the country's biggest lender, on Sunday posted a nearly 20% rise in third-quarter profit from higher fees. SNB reported a net profit of 3.8 billion riyals ($1.0 billion) for the quarter that ended on Sept. 30, up from 3.2 billion riyals in the same period a year earlier.

  • Al-Falih Starts US Visit to Reinforce Saudi-US Commercial, Investment Partnership

    “We consider US investors to be our partners, and we hope that they will seize the tremendous opportunities presented as part of our transformation. American innovation and expertise have a long and rich history in the Kingdom,” he added. “In addition, we seek that American investments continue its fundamental role in the economy of the Kingdom of Saudi Arabia, which is moving towards a new promising stage in its development,” noted the minister.

  • Saudi attitudes to women in the workplace change as job market gets kickstart

    “I told them they have to let me go, I cannot sit all my life like this,” Munira said. “The first time [I told them] they said ‘No, why? We can give you money’. I said ‘I don’t want to spend my life like this, I’m not looking for marriage yet, I need more experience in life’.” But her parents finally relented and today Munira, 28, works in a men’s clothes store in the capital and shares an apartment with her sister. She is one of the growing number of women working in the conservative kingdom, a trend that has helped change the face of retail outlets in the capital’s ubiquitous malls and delivered one tangible success of Crown Prince Mohammed bin Salman’s ambitious economic reform plan. In just four years, the participation of women in the labour force has almost doubled to 33 per cent.

  • G20 is continuing great work started last year under Saudi presidency, says minister

    Al-Qasabi, who is chairman of the board of the Saudi General Authority for Foreign Trade, also said that Saudi Arabia is a strong supporter of efforts to reform the World Trade Organization through the Riyadh Initiative on the Future of the WTO. Approved by G20 leaders last year, it seeks to promote recovery and restore global growth.

  • The 2nd Annual Saudi Smart Cities Summit: Envisioning a Smart Saudi Future

    For the next two days, the Saudi capital will host the second edition of an annual summit and expo, one that addresses the kingdom's aspirations of building smart cities all across Saudi Arabia.

  • Neom partners with UNWTO to drive Saudi tourism growth

    The competition is the first national initiative dedicated to identifying new companies that will lead the tourism sector’s transformation in Saudi Arabia. As well as established businesses, the competition also welcomes applications from Saudi Arabian start-ups and innovators with ideas capable of revolutionising and inspiring tourists by presenting new ways and reasons to travel.

  • US State Department condemns attack on King Abdullah Airport in Saudi Arabia’s Jazan

    The attack against the King Abdullah airport in Jizan was carried out Friday night by an explosives-laden drone, resulting in injuries to 10 passengers and workers, Gulf News quoting the alliance spokesman Turki Al Maliki reported. On Wednesday, four employees at another Saudi airport were injured after Saudi defences intercepted an explosive drone launched by Al Houthis, Gulf News reported.

  • Saudi FoodTech start-up Siwar raises $7.5m in funding round

    Saudi Arabian food technology start-up Siwar has raised 28 million Saudi riyals ($7.5m) in its latest funding round. The Series A funding round led by Riyadh-based travel services company Seera Group, in which other unnamed strategic investors also took part, will help Siwar to strengthen its consumer insights and distribution network, the company said in a statement on Thursday.

  • Saudi Arabia introduces biometric smartphone app for visas

    Saudi Arabia is the first country in the world to allow registration of biometrics on smartphones for issuing electronic visas. Pilgrims can now apply for Hajj and Umrah visas from their smartphones. They will be issued online without the need for people to visit visa centres to register their biometrics in their countries.

  • Saudi Agtech Startup Red Sea Farms Is On A Mission To Enable MENA Farms To Grow Crops Using Saltwater

    Established in 2018, the agtech startup uses its proprietary smart system involving solar and growth monitoring technologies to use saltwater to grow crops or reduce freshwater usage in irrigation and cool greenhouses, which also saves energy.