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  • Saudi Arabia’s literary renaissance captivates local and international audiences

    “Saudi literature has witnessed significant acceleration over the past decade, particularly during the period when culture and its literary derivatives became one of the key objectives of Vision 2030,” said Ibraheem Al-Sinan, head of editorial at Raff Publishing. He added: “This newfound openness to knowledge and literature, spurred by various initiatives, competitions and activities, has enabled young people to make significant leaps in literary production. What once took decades to learn, the youth now accomplish in just a few years.”

  • S&P Global Ratings discusses Saudi-China ties and renminbi-based oil trade – Video

    Charles Chang of S&P Global Ratings outlines the factors to keep in mind.

  • Saudi EXIM Doubles Credit Facilities in First Half of 2024

    The Saudi Export-Import Bank (Saudi EXIM) has announced a significant surge in credit facilities provided during the first half of 2024. The bank extended SAR16.31 billion in financing and insurance, marking a 128% increase compared to the same period last year.

  • Google Cloud expands services in Saudi Arabia, delivering enhanced data sovereignty and AI capabilities

    Building on the launch of the Google Cloud region in the Kingdom of Saudi Arabia (KSA) in November 2023, we are excited to announce new data sovereignty, security, and AI capabilities for the Dammam region. These new offerings can help support the digital transformation journeys of organizations operating in Saudi Arabia that need to meet certain regulatory requirements, including multinational enterprises operating in the Kingdom.

  • Saudi Arabia’s $131 Billion Pledge: A Beacon of Hope for Millions

    Between 1975 and 2024, Saudi Arabia generously provided approximately $131 billion in development aid to 171 countries, implementing over 7,090 humanitarian, relief, and development projects. This unparalleled commitment has solidified, by the end of 2023, the Kingdom's position as the fourth-largest donor of humanitarian and relief aid globally, with assistance of $1.2 billion, equivalent to 3.6% of the aid provided by donor countries to developing countries and countries suffering from disasters and crises, according to the United Nations Financial Tracking Service (FTS).

  • Saudi Arabia spends $986mln to support employment and training during first half of 2024

    More than 100,000 establishments have benefited from these programs and over 153,000 citizens were employed in private sector establishments, he said during the ceremony of launching ‘Jadarat,’ the Unified National Employment Platform on Sunday. “The goal of the platform, under the slogan “Ambition and Empowerment,” is to unify employment efforts and data of job seekers in the public and private sectors, and to raise the quality and reliability of data,” he said.

  • Saudi Arabia launches new unified national employment platform ‘Jadarat’

    This initiative supports efforts to develop the local labour market strategy and achieve national targets in line with Saudi Vision 2030. HADAF Director General Turki Al-Jawini reported that approximately 70,000 job vacancies are currently listed on Jadarat across various specialisations and sectors. He explained that the platform was launched to facilitate the job search journey and explore all job opportunities, becoming the main enabler for employing citizens

  • Saudi wealth fund PIF’s asset base grew 29% in 2023 on continued investment momentum

    Saudi Arabia's Public Investment Fund, the kingdom’s sovereign investment arm, said its assets under management jumped 29 per cent to 2.87 trillion Saudi riyals ($765 billion) in 2023 as it continues to build its Saudi holdings and diversify its international portfolio of assets. The annualised returns for the sovereign wealth fund since 2017 rose to 8.7 per cent in 2023, up from 8 per cent a year earlier, the PIF said in its annual report published on Monday.

  • Saudi’s Neom mega-project hails a fleet of electric foiling water taxis

    Though Neom is looking to place key neighborhood amenities within reach of pedestrians and cyclists, electric shuttles and underground transit systems will transport citizens and tourists farther afield. Where getting around involves crossing waterways, folks may well fly above the surface courtesy of a Candela P-12 electric hydrofoiling taxi.

  • Mystery shopper program helps uncover IP violations across Saudi Arabia

    The Saudi Authority for Intellectual Property has issued its annual report for preserving intellectual property rights for 2023, showing that it received over 2,680 complaints related to copyrights, including trademarks. The growing awareness of the need to adhere to laws and regulations that govern the ownership, use and protection of intellectual property contributed to a 50 percent increase in the total number of complaints in 2023, the authority said.