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  • Foreign trucks must settle any violations before their entry or exit of Saudi Arabia

    It is mandatory on the part of foreign trucks to settle any transportation violations before the entry or exit of drivers or trucks in Saudi Arabia. This is one among the four key regulations, formulated by the Transport General Authority (TGA), in collaboration with relevant authorities, aimed at governing foreign truck operations in the Kingdom.

  • Saudi Arabia to bolster medical tourism with strategic partnerships

    One notable example is a memorandum of understanding (MoU) signed last August between Saudi Arabia and Morocco, focusing on research, digital health, therapeutic development, pandemic preparedness, and preventative medicine. Meanwhile, this MoU follows a similar agreement signed with Thailand in January to foster knowledge sharing on hospital management and wellness services between both countries.

  • Saudi Arabia’s non-oil exports jump 19% in July

    Non-oil exports in Saudi Arabia recorded an increase of 19 percent reaching SR25.4 billion in July this year, compared to SR21.3 billion in the same month in 2023. Non-oil exports, excluding re-exports rose 6.5 percent, while the value of re-exported goods rose 78.4 percent in the same month.

  • ‘Shaandaar Saudi’: Saudi Arabia’s New Campaign to Attract Indian Tourists

    Saudi Arabia has launched its first-ever marketing campaign targeted exclusively at Indian tourists: “Shaandaar (Spectacular) Saudi.” Unveiled in Mumbai on Tuesday, the campaign highlights Saudi Arabia as a year-round destination for Indian families, culture enthusiasts, adventurers, and food lovers. Bringing in Indian tourists is an important part of Saudi’s Vision 2030, a plan to diversify the economy and attract 150 million visitors by the end of the decade. Saudi aims to bring in 7.5 million visitors from India alone.

  • Saudi Arabia draws $144B in foreign investments, says Alkhorayef

    This announcement was made during a promotional event in New York for the upcoming Multilateral Industrial Policy Forum (MIPF 2024), which will be held in Riyadh on Oct. 23-24, 2024. According to data available with Argaam, foreign investment within the Saudi economy rose to SAR 2.55 trillion by the end of Q1 2024, reflecting a 6% increase compared to the end of 2023.

  • Saudi Arabia Surges to 14th Position in Global AI Index, 1st in Arab World.

    The Kingdom of Saudi Arabia has achieved a significant milestone in the field of artificial intelligence, securing 14th place globally and the top spot in the Arab world in the Global AI Index for 2024, published by Tortoise Intelligence. This remarkable 17-rank improvement among 83 countries underscores Saudi Arabia's rapid progress in AI adoption and development.

  • Oil prices slide on prospects Saudi Arabia to raise output

    Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, the Financial Times reported on Thursday, citing people familiar with the matter. The Organization of the Petroleum Exporting Countries - led de facto by Riyadh - along with the group's allies including Russia, together known as OPEC+, have been cutting oil output to support prices.

  • Saudi Arabia Scraps $100 Oil Price Target to Boost Market Share

    Saudi Arabia is willing to endure short-term oil price and revenue pain as it is making a U-turn in policy and going to take back market share and ditching its unofficial $100 oil price target, the Financial Times reported on Thursday, quoting sources with knowledge of the latest Saudi thinking.

  • Saudi Arabia strengthens WFP’s efforts to treat and prevent malnutrition in Somalia

    Cindy McCain, WFP’s Executive Director and Dr Abdullah Al Rabeeah, Adviser to the Royal Court and Supervisor General of the King Salman Humanitarian Aid and Relief Centre (KSrelief), signed an agreement in New York for a contribution of US$4.5 million from KSrelief to enable WFP to provide specialised nutritious foods to more than 57,300 malnourished pregnant and breastfeeding women as well as around 122,850 children under the age of two.

  • Saudi Arabia leads GCC in sustainable sukuk issuances

    Saudi Arabia has emerged as the leader in sustainable sukuk issuances in the Gulf Cooperation Council (GCC) region in the first half of 2024, followed by the UAE, rating agency Moody’s said in a new report.  The  GCC countries accounted for 82% of global sustainable sukuk issuance in the first half of 2024, which rose 21% year-on-year to $6.8 billion.