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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.

  • 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.

  • 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.”

  • 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.

  • 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).

  • 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.

  • Saudi merchandise imports down 5% to SAR 57.7B in June

    Saudi Arabia’s merchandise imports decreased 5% year-on-year (YoY) to almost SAR 57.7 billion in June 2024, according to data issued by the General Authority for Statistics (GASTAT).

  • Saudis Aim to Slash Red Tape as Race for Foreign Cash Heats Up

    The updated law — announced in August and due to take effect in 2025 — will also provide equal treatment for foreigners and locals, freedom to manage investments and repatriate funds, and the ability to appeal penalties and violations. Additionally, investors are set to have more flexibility in how they choose to resolve disputes, including by doing so outside the court.

  • Saudi soccer league remains as ambitious as ever despite quiet transfer window, CEO says

    Despite a relatively quiet transfer window in Saudi Arabia, the arrival of Ivan Toney and Joao Cancelo shows that the ambitions of the cash-rich Saudi Pro League remain as high as ever, according to league chief executive Omar Mugharbel. August ended with Al-Ahli of Jeddah paying London club Brentford a reported 40 million euros ($44 million) for Toney on Friday, three days after Premier League champion Manchester City sold Cancelo to Riyadh’s Al-Hilal.

  • Saudi Arabia’s digital bank ‘D360’ to launch tomorrow

    D360, a digital bank, is scheduled to be officially launched in Saudi Arabia on Sept. 3, on the sidelines of the 24 Fintech conference in Riyadh, which will run from Sept. 3 to 5, according to Al Eqtisadiah newspaper. In February 2022, the Saudi Cabinet approved the Minister of Finance, Mohammed Al-Jadaan, to issue a license to the local digital bank - D360 Bank (under established) – in line with Article No. 3 of the Banking Control Law, data compiled by Argaam showed