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  • Saudi tourism efforts to get a boost with forum in Riyadh

    Saudi Arabia’s capital is all set to host the second Saudi Tourism Forum as the country strives for 100 million tourists annually by 2030. The event, which will take place at the Riyadh International Convention and Exhibition Center on Jan. 22-24, aims to strengthen collaboration among all stakeholders within the Saudi tourism sector and enhance awareness regarding investment and development opportunities in the industry.

  • Top 5 Business Sectors in Saudi Arabia in 2024

    Saudi Arabia’s economy has reached a significant milestone, crossing the $1 trillion GDP mark for the first time in its 91-year history, ranking it as the 19th country globally to achieve this feat. The World Bank forecasts that Saudi Arabia’s GDP will grow by 4.1% in 2024, driven mainly by sectors other than oil. The Kingdom also leads venture capital fundraising in the MENA region, with Saudi startups raising $1.4 billion in 2023. This amount represents a 33% increase from the previous year, accounting for over half of the venture capital funding in the Middle East and North Africa.

  • Russia Jumps Saudi to be China’s Biggest Oil Supplier in 2023

    Russia shipped a record 107 million metric tons of crude oil to China last year, equivalent to 2.14 million barrels per day (bpd), data from Chinese customs showed

  • Saudi Arabia beat nine-man Kyrgyzstan to move into Asian Cup knockouts

    Saudi Arabia qualified for the Asian Cup knockout stage after they beat Kyrgyzstan 2-0 in a one-sided Asian Cup group game on Sunday at the Ahmed bin Ali Stadium where two Kyrgyz players were sent off for reckless fouls.
    The result moved Saudi Arabia to six points at the top of Group F while Thailand are two points behind in second after they drew 0-0 with Oman (one point) earlier on Sunday. Kyrgyzstan are bottom after losing both their games.

  • Riyadh hosts star-studded Joy Awards 2024, honors Anthony Hopkins and Eva Longoria

    The Joy Awards 2024, held in Riyadh, brought together a constellation of stars from the Arab world and beyond, in a night that celebrated achievements in entertainment and the arts.

    The awards, now in their fourth year, are part of Saudi Arabia's Vision 2030 Quality of Life Program, aiming to establish the Kingdom as a premier cultural and touristic hub.

  • New regulations to control quantities of special goods; beverages for foreign embassies in Saudi Arabia

    In a step which aims to counter “improper exchange of special goods and alcoholic beverages received by the embassies of Non-Muslim countries inside Saudi Arabia”, Arab News has obtained information of a new regularity framework to be implemented — in accordance with the Vienna Convention On Diplomatic Relations 1961 — to curb the uncontrolled importing of these special goods and liquors within the diplomatic consignments.

  • The Saudi Pro League gains steam: an update on the latest on Saudi Arabia’s football ambitions

    An update on the Saudi Pro League and the latest news and developments for #football in Saudi Arabia heading into key portion of season. The 966 hosts discuss some developments with #PIF's investments into the sport and the planned upcoming match between #Ronaldo and #Messi in the Kingdom.

  • Saudi Arabia on the road to cloud-powered digital transformation

    In parallel, the government has been pouring resources into building the necessary infrastructure. A testament to this is the Ministry of Communications and Information Technology’s 2021 initiative, where an $18 billion investment was announced to establish a vast network of data centers across the Kingdom. This bold move has garnered global attention, drawing investments from tech giants, with Google Cloud Region inaugurating its Saudi-based operations in November 2023. The strategic positioning of the Kingdom is more than just establishing infrastructure; it is about setting global benchmarks for cloud operating models.

  • Women in Saudi more career-focused than men: LinkedIn Report

    The report reveals that 61 percent of Saudi women actively pursued career changes compared to 57 percent of men. Their motivations differ, too. While better pay remains a shared goal (39 perent for both genders), women prioritise work-life balance (34 percent) significantly more than men (30 percent). This suggests a focus on both professional success and fulfilling personal lives.

  • Saudi Export-Import Bank signs MoU with US EXIM to boost trade

    The Saudi Export-Import Bank has signed an MoU with the Export-Import Bank of the US, focusing on fostering comprehensive collaboration, strengthening economic ties, and advancing trade relations between the two countries. The MoU was signed on the sidelines of the 2024 Future Minerals Forum held in Riyadh, from Jan. 9 to 11. The MoU outlines a framework for cooperation, collaboration, and sharing of expertise and resources between the two entities. Through this agreement, Saudi EXIM and US EXIM seek to facilitate trade financing, support exports, and promote investment opportunities in key sectors. The MoU also promotes knowledge and information sharing, capacity building, and the exchange of best practices, ultimately enhancing the competitiveness and growth of businesses in both Saudi Arabia and the US.