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Saudi

Saudi bank deposit growth accelerated to 11-month high in February

RIYADH: Bank deposits in Saudi Arabia grew during February at the fastest pace since March 2020 as the economy continued to rebound from the coronavirus pandemic. Deposits reached SR1.96 trillion

Saudi Arabia’s biggest gym chain swings to loss

DUBAI: Saudi Arabia’s biggest gym chain swung to a first quarter loss as the pandemic forced the closure of thousands of fitness clubs worldwide. Leejam Sports Company reported a net loss of more

Saudi police catch seven quarantine violators in Eastern Province

JEDDAH: Eastern Province police on Saturday arrested seven people for violating isolation and quarantine instructions, after they were confirmed to be infected with COVID-19. Regional police

Dozens of world’s finest carpets cover floor of Prophet’s Chamber

JEDDAH: Dozens of the world’s finest carpets cover the floor of Rawdah Al-Sharifah (the Prophet’s Chamber) at the Prophet’s Mosque in Madinah, as part of the Saudi government’s care for the Two Holy

Sakani housing program served 70,000 families in the first quarter of

RIYADH: Saudi Arabia’s Sakani program helped 70,000 families in the first quarter of 2021, surpassing its target of serving 51,000 families. Sakani was formed in 2017 by the Ministry of Housing and

Saudi Arabia condemns attack on Erbil airport

RIYADH: Saudi Arabia’s foreign ministry condemned a drone attack targeting US forces stationed at Erbil airport in northern Iraq late on Wednesday. The ministry said the attack that “threatens the

Saudi food industry market leader ‘performed exceptionally’ despite

RIYADH: Almunajem Foods, one of Saudi Arabia’s largest private food companies, has reported a successful 2020 and is maintaining a positive outlook for 2021, despite the coronavirus pandemic

Saudi MoF completes $57.8bn payment orders in first quarter of 2021

RIYADH: The Ministry of Finance (MoF) finalized the disbursement procedures for all payment orders received from the public and private sector with a total value of SR217 billion ($57.8 billion) in

Saudi, Dutch officials discuss agriculture ties

RIYADH: The Ministry of Environment, Water and Agriculture organized a virtual conference with its Dutch counterpart under the title “Exporting high-quality Saudi agricultural products to the

Yemeni official thanks Saudi Arabia for clearing Houthi mines

RIYADH: The director of Yemen’s National Mine Action Program on Thursday thanked Saudi Arabia for clearing mines set by the Houthi militia in Yemen.Brig.

SAGO sells mills to UAE investors as part of KSA’s ongoing

RIYADH: The Saudi Grains Organization (SAGO) and the National Center for Privatization (NCP) announced on Thursday that the Third Milling Co. (MC3) has been sold to a consortium of UAE investors. The

Agnei Iberico Stars in the Spanish Luxury Lamb Days in Hong Kong

HONG KONG SAR – Media OutReach – 9 April 2021 – The Spanish Interprofessional Sheep and Goat Meat Organization, through its European program “Luxury Lamb & Mutton. More than luxury meat” organises a culinary promotion campaign, from April 8th until the 22th in gourmet supermarkets and in the most prestigious restaurants in Hong Kong aiming to enhance the value of European lamb and conquer the most exquisite […]

More than 850 companies apply for ‘Made in Saudi’ program

RIYADH: More than 850 companies have applied to join the ‘“Made in Saudi” program, the Saudi Press Agency reported. Faisal Al-Bedah, the secretary-general of the Saudi Export Development Authority,

Saudi Arabia’s foreign minister meets UNWTO chief

RIYADH: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan met with Zurab Pololikashvili, secretary general of the World Tourism Organization (UNWTO) in Riyadh, the foreign ministry said on

Tech, digital brands lead top ten influence list in Saudi Arabia

JEDDAH: Technology and digital brands topped the latest Most Influential Brands Survey in Saudi Arabia this year, with three local names making the top ten. The survey, compiled by Paris-based global

Saudi funding helps flying taxis take off

RIYADH: A German company developing a flying taxi has attracted Saudi funding. The Future Investment Initiative Institute has invested in Lilium, a pioneer in the Electric Vehicle

Saudi stock exchange revamps ahead of IPO

DUBAI: The Saudi stock exchange has revealed a revamped corporate structure as it prepares for a much anticipated IPO. The new Saudi Tadawul Group will have four units, officials said at an event on

Arab Petroleum Investments Corporation (APICORP) Ups Net Income By 3% in 2020

Net income increased to USD115 mn despite fallout from COVID-19 pandemic Balance sheet grew by 7.5% to USD7.89 bn Corporate Banking and Treasury & Capital Markets portfolios up 6% and 13%, respectively Improvement in key financial and risk metrics, including highest ever liquidity ratio (349%) and capital adequacy (31%). DAMMAM, SAUDI ARABIA – EQS Newswire – 7 April 2021 – The Arab Petroleum Investments Corporation (APICORP), a […]

Good news for Saudi Apple device owners as repair program expanded

RIYADH: US technology giant Apple has expanded its independent repair provider program to Saudi Arabia. The move will allow vendors in the Kingdom access to parts, tools, and manuals in order to

Pretty in pink: Saudi Arabia’s summer capital is adorned with

TAIF: Throughout the year, rose gardens and farms in Taif are kept well cultivated, waiting for the spring to arrive and welcome visitors with a charming bloom. In Saudi Arabia, there are two

Who’s Who: Sheila Al-Rowaily, CEO of Wisayah Global Investment

Sheila Al-Rowaily has been the CEO of Wisayah Global Investment Management Company, a subsidiary of Saudi Aramco, since January 2019. Over her 20 years at Aramco, Al-Rowaily has led a number of

Saudi state minister meets Kuwaiti leaders

Kuwait’s Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah on Wednesday received Saudi Minister of State Prince Turki bin Mohammad bin Fahd bin Abdul Aziz and his accompanying delegation, who delivered a

Saudi Arabia sees increase in airline capacity, as travelers

DUBAI: Saudi Arabia has recorded a 15.4 percent week-on-week increase in airline capacity over the last week of March, flight intelligence company OAG said. Capacity in the Saudi market rose to

Saudi Arabia’s crown prince discuss green initiatives with world

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman made a phone call to Jordan’s King Abdullah II, Saudi Press Agency reported on Monday. During the call, they discussed the Middle East Green