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  • Riyadh Deputy Governor Receives Mexican Ambassador to Saudi Arabia

    Riyadh Region Deputy Governor Prince Mohammed bin Abdulrahman bin Abdulaziz received the Ambassador of Mexico to Saudi Arabia Anibal Gomez-Toledo today. Prince Mohammed welcomed the ambassador and wished him success in his endeavors.

  • Saudi Arabia’s digital health market to be valued at $6.8b by 2030

    Saudi Arabia’s digital health market is projected to reach $6.8b by 2030 at a compound annual growth rate (CAGR) of 19.3%, said Research and Markets. The sector’s growth is influenced by the increasing integration of digital technologies into the country’s healthcare system, driven by government initiatives to boost infrastructure and patient care.

  • Saudi markets overflowing with 11 types of locally produced fruit

    Saudi Arabia’s markets are currently brimming with 11 varieties of fresh, locally grown fruits, thanks to the government’s campaign for self-sufficiency in food production, according to the Ministry of Environment, Water and Agriculture. The produce includes figs, dates, grapes, pomegranates, bananas, cantaloupes, watermelons, papayas, guavas, citrus fruits and apples, said the ministry in a report carried by the Saudi Press Agency recently.

  • Saudi inflation stable at 1.5% in July

    Saudi Arabia’s inflation remained unchanged month-on-month at 1.5% in July 2024, according to recent data by the General Authority for Statistics (GASTAT).

  • Foreign tourists spend over $37 billion in Saudi Arabia in 2023

    The ministry stated that spending by inbound tourists on shopping during the past year crossed SR25.5 billion, while spending on transportation and movement amounted to approximately SR21.5 billion. The report noted that spending on food and beverages reached SR19.4 billion, while spending on other purposes exceeded SR25.5 billion. The ministry report also showed that spending by incoming tourists on entertainment surpassed SR4 billion.

  • Saudi Arabia Opens Bidding for Six Football Clubs

    This sale is part of Saudi Arabia’s broader push to establish itself as a major global football hub, a goal supported by significant investments in top-tier talent, infrastructure, and media deals. In just the first month of the 2023/24 season, the Saudi Pro League reported a 650% increase in revenue, demonstrating the growing interest in the league both domestically and internationally. Additionally, the league has struck broadcasting deals with 38 networks across multiple countries, further boosting its global reach and visibility.

  • China added more solar power last year than America has, period

    Citing data from Bloomberg and the Chinese Department of Energy, Semafor says that China built out infrastructure capable of generating nearly 217 gigawatts of power last year, to make for a total capacity of more than 609 gigawatts. America’s solar capacity pales in comparison at a mere 175 gigawatts. (For perspective, a gigawatt is enough energy to power about 100 million LED light bulbs.)

  • Vehicle driver’s age should be 25 or above

    The regulatory requirements stipulate that the driver’s age should not be less than 25 years, in addition to obtaining a driver’s permit, a valid driving license, and a certificate to show that they do not have any criminal record. The requirements also include that the driver shall undergo an approved first aid course, passing the medical examination conducted by the authority, passing the professional competency test, and any test or training courses specified by the TGA.

  • Saudi Arabia leads GCC IPO momentum in Q2 2024

    PwC Middle East’s latest IPO+ Watch highlights  a total of 13 IPOs raised $2.6 bn in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8bn. Notable listings this quarter include Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised $763m on Tadawul, as well as Alef Education and Spinneys, two of the largest listings in the UAE.

  • UAE seeks solo trade agreements as intra-Gulf rivalry heats up

    The United Arab Emirates (UAE), the Arab world’s second-largest economy, is increasingly pursuing independent bilateral trade agreements, bypassing the Gulf Cooperation Council (GCC), the Saudi Arabia-led regional political and trade bloc.