MUST-READS

• Saudi Arabia is becoming a hot spot for global technology manufacturing with sustainable practices in mind.

  AI and industry 4.0 technology presents an unprecedented opportunity for manufacturers to transform their operations. The market for industry 4.0 technology is expected to reach $327.8 billion by 2030, as manufacturing companies deploy AI, robotics, and other technologies for automation, increased efficiency, and other benefits. At the same time, manufacturers are looking to improve sustainability in their operations, and are looking for greater resilience and flexibility in their supply chains.

• Prince Faisal: Saudi Arabia is more optimistic about regional stability and security

  Foreign Minister Prince Faisal bin Farhan said that Saudi Arabia is more optimistic about the stability and security of the countries in the region. He said that the Kingdom’s vision pushes towards the development, reconstruction and stability of the region and not toward unrest. The minister made the remarks while speaking to Al-Arabiya/Al-Hadath on the sidelines of the first high-level EU-GCC Forum on Regional Security and Cooperation held in Luxembourg.

• What does EU visa relaxation for Saudi, Bahraini, Omani citizens mean?

  Under the new rules, Bahraini, Omani and Saudi Arabian nationals will be eligible for multiple-entry visas, allowing them to visit the Schengen area (the EU’s 27 member states as well as Bulgaria and Romania) and move freely between them.

• Updates On Saudi Arabia’s Regional Headquarters Program

  The multinational company must start RHQ operations within six (6) months after its RHQ license is granted and it must establish three (3) optional activities chosen in the first year of the license operation.

• Top US diplomat to visit Saudi Arabia this weekend following China trip

  The top US diplomat is scheduled to visit Saudi Arabia this weekend, diplomatic sources told Al Arabiya English on Tuesday.

  Sources said Secretary of State Antony Blinken, who will travel to China this week, is expected to attend the World Economic Forum in Riyadh and may hold bilateral meetings on the sidelines.

• Saudi Arabia airline Flynas confirms plans to launch IPO this year

  Saudi Arabia's low-cost airline Flynas on Tuesday confirmed plans to list its shares on the Tadawul stock exchange this year, amid the kingdom's ambitions to grow its aviation sector and a boom in initial public offerings in the country.

  Flynas, which is backed by billionaire businessman Prince Alwaleed bin Talal, recorded a 32 per cent annual increase in revenue to reach 6.3 billion Saudi riyals ($1.68 billion) in 2023, its chief executive Bander Al Mohanna told the Airline Economics conference in Riyadh.

  The carrier revealed its financial results for the first time ahead of the anticipated IPO.

• Saudi Arabia braced for heavy rainfall, Civil Defense issues warning

  Saudi Arabia is set to receive more rainfall toward the weekend, with Riyadh and its outskirts likely to witness heavy rains from Friday to next Tuesday. In addition, the National Center for Meteorology said on Tuesday: “May forecasts indicate a chance of higher than average rainfall.” More rain is forecast this week in Makkah, Jazan, Aseer, Al-Baha, the Eastern Province, and regions in Riyadh, the NCM added.

• Blinken planning to visit Saudi Arabia this weekend

  Blinken is expected to participate at a special meeting of the World Economic Forum that will take place in Riyadh on April 28-29, the sources said. U.S. officials say Blinken is also considering traveling to Israel as part of this trip and meeting with Prime Minister Benjamin Netanyahu and other senior officials.

• Saudi Arabia’s cinema revenue soars to over $986 million in just six years

  Saudi Arabia’s cinema industry has generated revenue of SAR3.7 billion ($986.42 million) just six years after the opening of its first cinemas. According to government data from the General Authority of Media Regulation, the industry sold from April 2018 to March of the current year, over 61 million tickets, screening a total of 1,971 films, including 45 local productions. This growth highlights the rapid adoption of cultural activities in Saudi Arabia, aligning with the goals of Vision 2030 to diversify the economy and improve the quality of life.

• Saudi ministry shuts 67 erring hospitality facilities in 3 months

  The Ministry of Tourism has shut down as many as 67 tourism hospitality facilities, including hotels and residential apartments, across the Kingdom during the first three months of 2024. The punitive measures were taken after detection of various violations during inspection tours carried out by the ministry officials, the Saudi Press Agency reported.

• 10 of 60854 results<< 1 … 337 338 339 … 6,086 >>