Saudi Arabia, Latvia ink deal to boost trade, investment

arabnews.com RIYADH: In line with its economic diversification plan, Saudi Arabia has signed a deal with Latvia to promote bilateral trade and encourage Latvian investors to explore…

Saudi transport, custom authorities collaborate to propel logistical connectivity

arabnews.com RIYADH: Saudi Arabia’s logistical connectivity is set to receive a boost as three of its government agencies signed an agreement to integrate the Kingdom’s air and sea…

NIDC inks deal with Valeo Egypt to boost Kingdom’s automotive sector

arabnews.com RIYADH: In a push to localize the Kingdom’s automotive industry, Saudi Arabia’s National Industrial Development Center has inked a strategic deal with Valeo Egypt, the…

Saudi Soccer Bonanza: Public Investment Fund Backs Four Domestic Clubs To Grow Game And Influence

forbes.com Karim Benzema is the latest prominent soccer star to shift from Europe to Saudi Arabia. On Tuesday, his move to Al Ittihad was confirmed, but that was perhaps not the most…

Mawani inks deal with Saudi Post in logistics development boost

arabnews.com RIYADH: In a bid to materialize the goals outlined in Saudi Arabia’s National Transport and Logistics Strategy, Saudi Ports Authority, also known as Mawani, has entered into…

Saudi Arabian soccer league to get more state funding from policy backed by crown prince MBS

apnews.com RIYADH, Saudi Arabia (AP) — Cristiano Ronaldo is already in Saudi Arabia. Karim Benzema looks sure to be next. And as the oil-rich kingdom pursues Lionel Messi as well, it…

Saudi Arabia, Egypt sign MoU to bolster bilateral trade

arabnews.com RIYADH: Bilateral trade between Saudi Arabia and Egypt is set to grow after an agreement was reached to enhance economic cooperation — with a key focus on developing the…

Saudi Arabia to cut oil output in July, extend OPEC+ voluntary cut until end of 2024

arabnews.com RIYADH: Saudi Arabia will extend its voluntary cut of 500,000 bpd until the end of December 2024, in coordination with some countries participating in the OPEC+ agreement,…

Saudi Arabia to sign deals to promote Egyptian investment in industrial, mining sectors

arabnews.com RIYADH: Saudi Arabia plans to sign two agreements with Egypt to boost the North African country’s participation in the Kingdom’s industrial and mining sectors in line with…

Saudi Arabia to slash oil production again as OPEC+ extends supply curbs

edition.cnn.com Saudi Arabia said it would slash oil output by another one million barrels per day for at least a month starting in July as part of an effort by the OPEC+ group of leading…

Prince Fahad bin Mansour Al-Saud represents Saudi Arabia at G20-Startup20 engagement group

arabnews.com RIYADH: Prince Fahad bin Mansour Al-Saud has been chosen to represent Saudi Arabia in the G20-Startup20 engagement group, the Saudi Press Agency reported on Saturday.…

Saudi Central Bank grants open banking certifications to 2 fintech firms

arabnews.com RIYADH: Saudi Arabia is fostering personalized financial products and services tailored to customer needs with the Kingdom’s monetary authority, granting open banking…

Saudi Arabia signs $45m loan agreement to support Belize’s health care infrastructure

arabnews.com RIYADH: The Saudi Fund for Development on Wednesday signed a development loan agreement worth $45 million with the Prime Minister of Belize, John Briceno, for the…

SAMA permits 2 fintech firms to offer flexible consumer spending options

arabnews.com RIYADH: Saudi shoppers can soon find more flexible payment options with two more buy now, pay later companies entering the consumer finance market. The Saudi Central Bank,…

Saudi Arabia’s Red Sea Global reviews strategic partnership opportunities in Egypt

arabnews.com RIYADH: The Saudi-based Red Sea Global company held its second promotional procurement exhibition in Cairo, in cooperation with its media partner, MEED Network, and in the…

New shipping service added to Kingdom’s Dammam port

arabnews.com RIYADH: Traffic at the King Abdulaziz Port in Dammam will soon ease thanks to the addition of Swiss-based Mediterranean Shipping Co.’s new service, the Saudi Press Agency…

Saudi Fund for Development inks loan deals worth $16m with Saint Vincent and the Grenadines

arabnews.com RIYADH: A new primary care center and a cultural facility are set to be established in the Caribbean island nation of Saint Vincent and the Grenadines thanks to two…

Saudi low-cost airline flyadeal hikes daily flights between Riyadh and Dubai

arabnews.com RIYADH: In order to meet the growing travel demand between Riyadh and Dubai, flyadeal is going to increase daily flights to the emirate, the Saudi Press Agency reported. The…

Entrepreneurs bag over $186m through stc’s InspireU accelerator

arabnews.com RIYADH: As part of stc Group’s commitment to enabling innovation and advancing the Kingdom’s digital economy, entrepreneurs have obtained over SR700 million ($186.6 million)…

Riyadh municipality launches 40 investment initiatives

arabnews.com RIYADH: The Saudi capital is set to witness a flurry of investments in the second quarter of 2023 as Riyadh municipality has launched more than 40 initiatives for investors,…

Nearly 200 firms submit expressions of interest for new health projects in Saudi Arabia

arabnews.com RIYADH: A new wave of health projects in Saudi Arabia is on track after 200 local and international firms raced to submit their expressions of interest. The developments…

Saudi Arabia signs energy cooperation deal with Azerbaijan

arabnews.com RIYADH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman met his Azerbaijani counterpart Parviz Shahbazov on Wednesday to discuss bilateral cooperation in the…