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Saudi Government Lifts Suspension of Entry and Exit into Saudi Arabia for Residents, Visa Holders
The Government of Saudi Arabia announced changes effective September 15 that allow holders of current residence permits (known as “iqamas”) with a valid entry/exit visa as well as holders of a valid business or visit visa to enter (including exit and re-enter) Saudi Arabia, according to an advisory provided to SUSTG.
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New Digital Art Museum, with ‘Crowdpleasing Immersive Experiences’, to Launch in Jeddah in 2023
Tokyo-based multimedia collective group teamLab has signed a partnership agreement with Saudi Arabia’s Ministry of Culture to provide immersive experiences for a new digital art museum in Jeddah, according to reports, the latest investment by the Saudi government into the culture and lifestyle industry in the Kingdom.
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Saudi Electricity Co. Sells $1.3 Billion of Green Sukuk
Saudi Electricity Co. sold the first green bond in Saudi Arabia in what amounts to the “latest milestone in the expansion of environment-friendly debt instruments,” according to a report in Bloomberg.
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Report: Saudi Aramco Slows Diversification Plans Amid Lower Oil Prices, Dividend Pledge
Saudi Arabia’s state oil company Saudi Aramco is reviewing its diversification and investment plans domestically and internationally as lower oil prices and delivering on a promised dividend have put pressure on the company, according to an exclusive Wall Street Journal report.
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World Bank Pauses ‘Doing Business’ Reports as it Probes Data Collection, Review Irregularities
The World Bank will put on hold further publication of its widely-followed “Doing Business” reports after the organization said it will probe irregularities in data collection, according to Reuters.
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FTSE Russell Launches Saudi Arabian Government Bond Index
Global index provider FTSE Russell launched a bond index for Saudi Arabia to measure the performance of fixed-rate, local currency government bonds, according to reports and a statement from the FTSE.
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Lifestyle Hotel Brand Habitas to Open 3D Printed Hotel in Al-Ula
Habitas, the lifestyle hotel brand, will deliver a 100-room luxury resort in Al-Ula, Saudi Arabia that is in part 3D printed by the end of the year, joining other planned hotel groups that are emphasizing sustainability to the historic area.
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New Cases of COVID-19 Continue to Decrease in Saudi Arabia
New cases of the Coronavirus reported in Saudi Arabia continue to decline from peak points as the Kingdom sees progress in combatting the spread of the deadly virus, according to official data.
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Banyan Tree Resort Planned for Al-Ula, will Offer ‘Luxury Tented Villas’ in Area with Zero Light Pollution
Saudi Arabia’s Al-Ula will be home to Saudi Arabia’s first Banyan Tree resort, a luxury brand from Europe’s largest hotel group, Accor. The company will take over the Ashar Resort in the historic north-western city and the expanded property will offer luxury accommodation designed to complement the natural scenery of the valley, according to reports. The new resort will have […]
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More Progress on Preventing Covid-19 Spread in Kingdom as Saudi Arabia’s Cases Hit 3-month Low
In positive news that highlights the efficacy of Saudi Arabia’s measures to prevent the spread of the Coronavirus, the Kingdom continues to make significant and steady progress in reducing the number of new COVID-19 cases, with the newest figures showing cases at a three-month low.
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Ronaldo raves about life in Saudi Arabia and attractions like Red Sea, AlUla
Cristiano Ronaldo said adapting to Saudi Arabia was easy for him and his family as the football star gushed about his life in the Kingdom and its many attractions such as the Red Sea and the ancient Arabic oasis, AlUla. “To be honest, I am really happy to be there [Saudi Arabia],” Ronaldo, who plays for the Saudi football club, Al Nassr, said in an interview with former Portuguese footballer, Rio Ferdinand.
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Saudi camel leather market valued at $98.7 million annually
The Saudi Fashion Commission highlighted the cultural dimension and national heritage related to camel products and the extent of their benefits in the world of contemporary fashion. The current potential of the camel leather market in Saudi Arabia stood at approximately $98.7 million annually. Based on the current camel population in Saudi Arabia, 2,800 tons of camel hair can be produced annually worth $2 million, it was revealed in a research paper titled “Camels... contemporary fashion,” the Saudi Press Agency reported.
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SDAIA amends regulation for transferring personal data to outside Saudi Arabia
The Saudi Data and Artificial Intelligence Authority (SDAIA) announced that amendments have been made to the regulation for transferring personal data to outside the Kingdom. This is aimed at clarifying the detailed provisions and procedures related to transferring personal data to outside the Kingdom in a way that ensures the availability of an appropriate level of protection for personal data and the privacy of its owners in other countries. This is in view of the fact that SDAIA is the competent authority supervising the implementation of the provisions of the law and regulations.
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Saudi Arabia seeks Chinese tech as it reinvents itself as car and automation hub
Key meetings in Guangzhou, capital of the southern Chinese province of Guangdong, will include discussions with GAC Group, a major electric vehicle (EV) maker, as well as lithium battery producer General Lithium and communication tech giant Huawei, the statement said.
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Saudi Arabia Launches a $266 Million Boulevard Business Park in Riyadh
The Boulevard Business Park, unveiled by the General Entertainment Authority (GEA), is a visionary development within the Boulevard City and is designed to uplift Riyadh’s artistic and entrepreneurial landscape even further and propel Saudi Arabia’s flourishing creative economy. With an investment of over $266 million (SAR 1 billion), this pioneering project represents the first phase of an ambitious urban revitalization plan for the Boulevard District.
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Smalling set to join Saudi Pro League club Al-Fayha
Former England and Manchester United defender Chris Smalling is on the brink of joining Saudi Pro League club Al-Fayha. Smalling is poised to be a substitute for Roma on Sunday evening when his current club play against Juventus in Serie A.
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Saudi Crown Prince discusses situation in Palestine with Erdogan, al-Sisi
During his phone conversation with Erdogan, MBS “affirmed the Kingdom of Saudi Arabia’s keenness to unite Arab and Islamic efforts to support the Palestinian brotherly people in addressing the brutal aggression imposed by the Israeli occupation forces and the need to intensify efforts in order to stop the ongoing Israeli aggressions and violations against the Palestinian people.”
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Coco Gauff praises WTA Finals in Riyadh, hopes to inspire Saudi’s next generation of tennis stars
Women’s tennis has found a promising advocate in American tennis star Coco Gauff, who has expressed her support for the sport’s expansion into Saudi Arabia. The 19-year-old, fresh off her triumph at the US Open, is emerging as an inspiration for young athletes, both on and off the court. While some players have been hesitant about the WTA Finals taking place in Riyadh, Gauff’s perspective is refreshingly different. Gauff, currently ranked No. 3 in the world, is on a mission to defend her Flushing Meadows title, aiming to be the first to do so since Serena Williams in 2014.
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Saudi Arabia to Embark on Exceptional Visit to East Asia, Seeks Automotive Technology Localization
Saudi Arabia is currently preparing for a high-profile economic visit to East Asia, under the leadership of Minister of Industry and Mineral Resources, Bandar AlKhorayef, from Sep. 1 to 8, 2024, reported the Saudi Press Agency (SPA).
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Saudi Arabia’s GOSI extends fine exemption for businesses
Launched by GOSI in March, the initiative aims to help establishments mitigate the financial impacts of fines, correct their insurance status, and settle debts, the Saudi Press Agency reported on Saturday. It is part of GOSI’s efforts to support the business sector, encourage insurance compliance, and improve customer satisfaction. With a 100 percent exemption rate, subscription amounts due to GOSI must be paid through Taminaty Business.
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