Saudi

Golf Saudi eyes rapid growth with new CEO appointment

RIYADH: Golf in the Kingdom is set to embark on the next phase of its growth with the appointment of Noah Alireza as new CEO of Golf Saudi, who succeeds Majed Al-Sorour. Alireza, a former member of

Saudi Crown Prince Mohammed bin Salman’s style impresses fans online

DUBAI: Saudi Crown Prince Mohammed bin Salman was spotted on Friday at a restaurant called Somewhere in AlUla, and fashion lovers on Twitter have once again gone wild over a vest that he wore. The

Saudi Arabia drives growth across MEA commercial property markets

RIYADH: Saudi Arabia’s commercial real estate sector is witnessing an upturn as the Kingdom’s plan to diversify its economy continues to drive demand within the overall property market, according to

Accor to run new tourist resort in Saudi Arabia Eastern Province

RIYADH: A new tourist resort is set for the Eastern Province of Saudi Arabia after the Tourism Development Fund signed a memorandum of understanding with two developers. The agreement will see 440

Saudi dairy giant Almarai’s net profit increases 12.5% to $453m in

CAIRO: Saudi dairy giant, Almarai, recorded a 12.5 percent increase in net profit to SR1.7 billion ($453 million) in 2022, compared to SR1.5 billion recorded the previous year, driven by bakery and

Davos session on Saudi transformation

Arabian Post Staff The rapid economic transformation of Saudi Arabia and its global role in bringing near-term stability while driving long-term transformation was the subject of a high-level panel on the third day of the World Economic Forum at Davos. The session, titled “Saudi Arabia’s Transformation in a Changing Global Context”, featured four speakers from the Kingdom who offered their insights on how Saudi’s strategic investments, geopolitical […]

Saudi desalination firm increases daily production to 6.3 mcm

RIYADH: Saudi Arabia’s Saline Water Conversion Corp. has achieved a new milestone by increasing its daily production from 5.9 million cubic meters to 6.3 mcm of desalinated water, according to a

2023 Saudi Cup will make Riyadh focus of racing world, says Prince

RIYADH: Prince Bandar bin Khalid Al-Faisal, chairman of the Equestrian Authority and the Jockey Club of Saudi Arabia, on Tuesday stated that Riyadh will become the focus of the international racing

Venture capital investments in Saudi Arabia up 72% during 2022

RIYADH: Investments in Saudi startups grew by 72 percent to a record high of SR3.701 billion ($987 million) in 2022, according to a report. According to the “2022 Saudi Arabia Venture Capital

Saudi hospital performs heart transplant for youngest patient in

RIYADH: The King Faisal Specialist Hospital and Research Centre’s pediatric cardiac surgery team performed consecutive heart transplants on two children within 24 hours in Riyadh. Before the

Saudi Arabia set to overtake India as fastest-growing major economy

RIYADH: Saudi Arabia is set to overtake India as the fastest-growing major economy in 2023, driven by gains from energy prices. According to official data released by India’s Ministry of Statistics

Airbnb-style tourism on its way to Saudi Arabia after key law change

RIYADH: Saudi residents will be able to rent out rooms to tourists after a drastic change to the law which paves the way for Airbnb-style businesses. The new bylaw — which was approved by the

Saudi airline flynas records 91% growth in passengers to 8.7m in

RIYADH: Saudi airline flynas witnessed an annual passenger rise of 91 percent in 2022 to 8.7 million, as the low-cost carrier benefitted from the tourism sector’s post-pandemic resurgence. In 2022,

Saudi Arabia’s ICT market value hit $40.9bn in 2022

RIYADH: Saudi Arabia’s first global spectrum auction, the launch of the latest generation of Wi-Fi, and the initial application of fifth-generation technology in the region all helped the Kingdom’s

Saudi insurance sector shakes off volatility to see premiums sector

RIYADH: Insurance companies in Saudi Arabia continued their topline growth momentum in 2022 with aggregate Gross Written Premiums up 26.8 percent year-on-year in the third quarter, according to KPMG.

Saudi Arabia determined to protect, preserve its vegetation cover

JEDDAH: The Saudi government is determined to curb activities that threaten the environment to protect its vegetation cover, reduce desertification, combat climate change and improve quality of life

Closing Bell: Saudi benchmark index rises 130 points as China relaxes

RIYADH: Saudi Arabia’s Tadawul All Stock Index gained 130.62 points — or 1.28 percent — on Tuesday to close at 10,359.26 as China announced its plan to scrap quarantine requirements for inbound

Saudi Arabia’s recruitment market set for bumper year in 2023: report

Riyadh: Saudi Arabia’s recruitment market is set to surge with 57 percent of firms planning to expand their workforces during 2023, according to a new report. Research by Dubai-based recruitment

Saudi Coffee Co. inks agreement with Arabian Coffee Institute to

RIYADH: With the aim of developing the coffee sector through training, research and development services, the Saudi Coffee Co. has signed an agreement with the Arabian Coffee Institute. National

Saudi Arabia aims to boost tourism sector through 10 new

RIYADH: Saudi Arabia has initiated 10 new policies aimed at expanding the tourism sector and protecting tourists, according to the Minister of Tourism Ahmed Al-Khateeb. The issued policies included

Saudi Arabia’s investments in Egypt amount to $6.12bn: Egyptian trade

RIYADH: Saudi Arabia is the second largest investor in Egypt, with $6.1 billion poured into 6,017 projects, according to the north African country’s Minister of Trade and Industry Ahmed Samir. The

Saudi Energy Minister discusses clean energy efforts with European

RIYADH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz held a meeting with a delegation of the European Parliament Foreign Affairs Committee to discuss the Kingdom’s

Umrah pilgrims boost Saudi Arabia’s hospitality sector

RIYADH: As Saudi Arabia successfully emerges from the shadow of the COVID-19 pandemic, hotels and businesses in the holy cities of Makkah and Madinah are experiencing a revival thanks to an increased

Meta launches training program to support 20k SMEs in Saudi Arabia

RIYADH: American multinational technology conglomerate Meta has announced the launch of a new training program named ‘Meta Boost’ to support 20,000 small and medium enterprises in Saudi Arabia. The

Saudi Arabia begins localization of 14 postal services in first

RIYADH: The Saudization of postal and parcel services throughout all regions in the Kingdom has begun, the Ministry of Human Resources and Social Development said in a statement. In a tweet from its

Saudi Arabia on course to reverse debt burden: Moody’s

Riyadh: Saudi Arabia looks set to reverse most of the 2020 increase in its debt burden over the next several years while also rebuilding its fiscal buffers, a report released by global rating agency

NCP partners with Banque Saudi Fransi to support privatization drive

RIYADH: In a move to foster greater participation of the banking sector in Saudi Arabia’s privatization drive, the National Center for Privatization & PPP, known as NCP, has signed a cooperation

Xi’s Visit To Saudi Arabia Amounts To More Than Pomp And Ceremonies

Saudi Arabia and China to prioritize relations – Joint statement

RIYADH: Saudi Arabia and China vowed to prioritize relations as part of their foreign policy and setting a model of cooperation and solidarity for developing countries, according to a joint statement

Saudi sci-fi thriller ‘Slave’ debuts at Red Sea International Film

RIYADH: “Slave,” a sci-fi thriller, premiered at the Red Sea International Film Festival 2022 this week and the film’s executive producer and director gave a glimpse of what went behind the scenes.