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  • Saudi Arabia looks for free trade agreement with 11 countries in exports push

    Target countries are China, India, Pakistan, Australia, New Zealand, Britain, Indonesia, the Philippines, Bangladesh, Sri Lanka, and the United States of America. The Kingdom aims to export services including transport, distribution, professional and financial services, communication services, postal services as well as express mail, media, hotel, construction and contracting, education and training, travel and tourism, environmental, and entertainment.

  • The financial impact of keeping Saudi businesses open during prayer times

    Assuming that each worker is contracted to 10hrs per day over a 365-day year equates to $11.14 per hour contribution to GDP. For the two hours per day lost to Prayer Times, that is $22.2 per day, $8,133 per year, or up to a total of $22 bn (2.7 million workers x $8,133) estimated as lost due to prayer times over the year. This approximation totals 2.9% of the overall GDP of the Kingdom, lost in the retail and wholesale sector due to prayer times.

  • Parents battle dearth of domestic drivers as Saudi schools prepare to open

    “Most parents had been using school transport before the pandemic as they cannot drop and pick up their wards due to their job schedules, so they will continue with precautions assured by the transport providers.”

  • Saudi mining investment jumps 36 percent in Q1; Total private investment put at $30.2bln

    Investment in Saudi Arabia’s lucrative mining industry jumped by nearly 36 percent in the first quarter of 2021 following a decision to restructure the sector to attract capital, a Saudi official was quoted on Sunday as saying. The Industry and Mineral Resources Ministry issued 478 permits for investment in the mining sector in the first quarter, the highest since the first quarter of 2020, the Ministry’s spokesman Jarrah bin Mohammed said.

  • Saudi freelancers almost doubled as economy recovers

    Freelance workforce growth is accelerating in Saudi Arabia as the number of local freelance workers has almost doubled in the first half of this year, with the economy showing more signs of recovery from the pandemic. The number of Saudis who obtained a freelance employment document has reached 631,518, since the launch of a licensing program in 2019, up by 86 percent, according to figures from the Ministry of Human Resources and Social Development. “People registered in 2021 so far have reached 292,315, while

  • Saudi healthtech Clinicy closes pre-Series A round

    Founded in 2017 by Talal Waleed Al-Hussein, Mohammed Alfaisal and Abdullah Alobaid, Clinicy provides a healthcare management system for bookings, appointments and patient engagement. Its automated booking system between medical institutions and patients, has reduced the ‘no-show’ rates by up to 40 per cent.

  • Columbia Shipmanagement ups its game in Saudi Arabia

    Columbia Shipmanagement (CSM) has entered into a strategic joint venture with Khobar-based Spectrum Group. The new company, CSM Saudi Arabia, will undertake the immediate management of 35 offshore units and jack-up rigs with more to follow, drawing on an expert team of between 70 and 80 staff taken from both companies.

  • 5 things we learned from second round of Saudi Pro League season

    Al-Hilal is looking dangerous, precisely because it is not looking that dangerous but is still top of the table with two wins out of two. The champs have not found their rhythm yet this season but fans won’t care too much if the victories keep coming.

  • $10m Saudi Gaming Charity Event Smashes its Own Record

    The $10m charity prize money was donated to support vaccine distribution in the world’s most vulnerable nations through organizations including UNICEF, Gavi, Direct Relief, KSA Relief, and the International Medical Corps.

  • Saudi Arabia pledges to provide support for Tunisia, Tunisian presidency says

    Saudi Arabia pledged on Sunday to provide assistance to Tunisia, which is suffering a political, economic and health crisis, the Tunisian presidency said on Sunday, the latest sign of support for President Kais Saied against his Islamist opponents. Saudi State Minister for African Affairs Ahmed Abdul Aziz Kattan met Saied in Tunis and senior officials held talks afterward to discuss cooperation, the presidency said in a statement.