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  • Governor of Asir Region Announces Launch of Saudi Summer 2024 Program

    The Governor of Asir Region and Chairman of its Development Authority, Prince Turki bin Talal bin Abdulaziz, announced the launch of this year's Asir summer season activities as a part of the Saudi Summer 2024 program. The program will start in early July under the supervision of the Asir Region Development Authority and with the support of the Ministry of Tourism, the Saudi Tourism Authority, and the General Entertainment Authority, SPA reported.

  • How Saudi Arabia is creating a buzz around beekeeping and the honey making industry

    Honey has long held a special place in Saudi culture, cultivated by beekeepers across the region for its medicinal and culinary uses. Now, with added government support, its true economic potential and environmental benefits are being realized. Last year, more than 100 licenses were granted to beekeepers to produce this liquid gold on land administered by the Imam Abdulaziz bin Mohammed Royal Reserve Development Authority, predominantly in the Rawdat Khuraim oasis.

  • Saudi Arabia, US Discuss Supporting Growth of Digital Economy in the Region

    Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Sawah has met in Washington with the US Secretary of Commerce, Gina Raimondo. Friday’s meeting was attended by Princess Reema bint Bandar bin Sultan bin Abdulaziz, the Saudi Ambassador to the US. During the meeting, the two sides discussed strengthening the strategic partnership between the Kingdom and the US to support the growth of the digital economy in the region, as Saudi Arabia is a pivotal hub for technology and innovation.

  • Jeddah Season 2024 kicks off with spectacular activities

    The season includes numerous distinctive tourist and cultural activities. The City Walk area offers a mix of interactive experiences, motor and skill games, Arabic plays, restaurants, cafes, and shopping stores. Additionally, the Warner Bros. Discovery: Celebrate Every Story area, being held for the first time in Saudi Arabia, provides visitors and tourists with a variety of games and entertainment shows.

  • SEC boosts reliability with $266m Saudi interconnection project

    The Saudi Electricity Company (SEC) has announced the successful completion and operation of a new strategic electrical interconnection project between the central and southern regions, that passes through the main substations in Al Kharj, Al Aflaj, Wadi Al Dawasir and Bisha.

  • Euros form of Saudi-based stars tests perceptions of slide in standard

    France's N'Golo Kante had looked to be winding down his glittering career but his unexpected recall for Euro 2024 and eye-popping performances suggest his quality has not been diminished by his big-bucks move to Saudi Arabia last year. He is among several players in Germany challenging popular perceptions that the new Saudi Pro League is a career-ending option for big players seduced by huge salaries, with Kante dazzling on his return after a two-year absence and winning player of the match in his first two games.

  • Why Pakistan is looking to Saudi Arabia and the UAE to ramp up investment

    Pakistan’s less-than-four-month-old government is pursuing a two-track approach to stabilize the country’s long-troubled economy. It is engaged in lengthy negotiations with the International Monetary Fund (IMF) to secure at least $6 billion in loans to shore up its ability to service its external debt. At the same time, Islamabad is also trying to woo its Gulf allies, most notably Saudi Arabia and the United Arab Emirates, in a bid to diversify its sources of external financing, address the lingering threat of insolvency, and put its economy on an upward trajectory of sustainable growth.

  • Non-citizens now allowed to participate in ZATCA auctions

    The updates include improvements to the procedures for announcing public auctions through official channels and making all auction details available on the authority's website. This ensures greater transparency and allows bidders to participate according to clear and defined policies, saving time and effort for all stakeholders. Additionally, the updates allow both individuals and legal entities, including citizens and non-citizens, to participate in auctions. The updates also clarify the requirements and procedures related to auctions to enhance transparency and increase bidder compliance.

  • Saudi Arabia’s net foreign direct investment rises 5.6% in first quarter

    Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion) in the first quarter of 2024, government data showed on Sunday. Inflows were up 0.6% to 17 billion riyals in the first three months compared with a year earlier, while outflows fell by 5.1% to about 7.5 billion riyals.
    The kingdom hopes to attract $100 billion in FDI by 2030 to boost non-oil gross domestic product as part of a wider strategy by de facto ruler Crown Prince Mohammed bin Salman to diversify the economy away from its reliance on crude oil exports.

  • Saudi Arabia’s unemployment rate down to 7.6% in Q1 2024

    The unemployment rate in Saudi Arabia fell to 7.6% in the first quarter of 2024, compared to 7.8% in the fourth quarter of 2023, according to the General Authority for Statistics’ (GASTAT) labor force survey. However, the employment-to-population ratio rose to 47.5% on a quarterly basis in Q1 2024. Saudi women’s employment also rose to 35.8% in the same period.