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  • Saudi-Portuguese economic cooperation gathers steam with creation of Business Council

    The Council Chairman Al-Baltan said that the formation of the council represents a new stage in the path of economic relations between Saudi Arabia and Portugal so as to enable the business sectors to benefit from promising investment opportunities in the two countries as well as to enhance trade and investment partnerships between the two sides.

  • Saudi trade surplus surpasses $26.13bln in 2Q 2024

    Saudi Arabia’s trade balance recorded a surplus of SR98.36 billion in the second quarter of 2024, reaching its highest level during the current year. This represents a quarterly growth of 13.2 percent, with an increase of SR11.495 billion compared to a surplus of SR86.873 billion in the first quarter of the year, according to the preliminary international trade data released by the General Authority for Statistics (GASTAT).

  • White House insists Israel-Saudi normalization still possible before US election

    “President Biden absolutely believes normalization between Israel and Saudi Arabia is possible, and he believes that it’s certainly possible to get it done before the end of his time as president,” says National Security Council spokesperson John Kirby in an interview with The Times of Israel. “He recognizes that there’s a lot of spade work that needs to be done before you can get there, [but] that’s why we’re in Doha right now trying to get this ceasefire in place so that we can start to make some progress on larger regional issues,” Kirby explains.

  • Turkiye and Saudi Arabia forge defence technology partnership

    The cooperation encompasses a broad range of defence sectors, including unmanned aerial vehicles (UAVs), missile systems, electronic warfare and advanced software systems. Turkish defence firms, renowned for their cutting-edge innovations, are expected to play a crucial role in the modernisation of Saudi Arabia’s defence industry. This partnership not only allows Saudi Arabia to acquire sophisticated military technologies but also to develop its indigenous production capabilities through joint ventures and collaborative research initiatives.

  • Mastercard and Saudia Partner to Empower Women Entrepreneurs in Saudi Arabia with ‘Her Voice’

    This season, Mastercard and Saudia will be putting inspiration into action by partnering with Blossom Accelerator, Saudi Arabia's first tech-inclusion and female-focused accelerator, to host three workshops — in Jeddah, Riyadh, and Khobar — providing budding female entrepreneurs, aspiring leaders, and small business owners access to all-important learning and networking opportunities.

  • Defender Cancelo leaves Man City for Saudi club Al-Hilal

    Manchester City defender Joao Cancelo has moved to Saudi Pro League club Al-Hilal in a £21.2m deal. The 30-year-old Portugal international joined Pep Guardiola's side from Juventus for £60m in 2019 and became a key component of the side.

  • Shedding light on the non-profit sector in Saudi Arabia

    While the sector has shown rapid growth in recent years, Al-Mubarak highlighted how there remains a long road ahead. “At the end of 2023, the non-profit sector contributed just under 0.9% to the economy. The goal of Vision 2030 is to lift the sector’s contribution to 5% of GDP by 2030. Achieving this would require the sector to grow by a factor of five in the next five years.”

  • MBS reaffirms support for Palestinians in Riyadh meeting with Mahmoud Abbas

    During the meeting, the Crown Prince reaffirmed Saudi Arabia’s commitment to engaging with international and regional parties to help de-escalate the situation, SPA added. He also emphasized the Kingdom’s support for the Palestinian people in their pursuit of legitimate rights, a dignified life, and a just and lasting peace.

  • Saudi Arabia, Netherlands Explore Cooperation in Football

    President of the Saudi Arabian Football Federation (SAFF) Yasser bin Hassan Al-Misehal received Dutch Ambassador to the Kingdom of Saudi Arabia Hans Peter van der Woude today at the federation's headquarters in Riyadh. During the meeting, the two officials discussed aspects of cooperation in the field of football. They also reviewed the latest developments in collaboration between the Saudi and Dutch federations in areas such as youth development, women's football, and technological solutions related to modern football.

  • At least nine Palestinians killed as Israel mounts major West Bank operation

    At least nine Palestinians were killed on Wednesday, Palestinian authorities said, as Israeli forces raided the flashpoint cities of Jenin and Tulkarm as well as other areas in the occupied West Bank in a major operation involving helicopters and drones. The assault, one of the largest seen in the West Bank for months, followed a series of smaller raids in the area over recent weeks as Israeli forces sought to crush groups of fighters from Palestinian militant groups.