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  • Saudi Arabia buys around 235,000 metric tons of wheat, GFSA says

    Saudi Arabia’s main state wheat buying agency, the General Food Security Authority (GFSA), on Monday purchased around 235,000 metric tons of hard wheat in an international tender, the agency said.

  • Thousands flee their homes as Israeli forces bomb southern Gaza

     Israeli forces bombarded several areas of the southern Gaza Strip on Tuesday and thousands of Palestinians fled their homes in what could be part of a final push of Israel's intensive military operations in nine months of war. Eight Palestinians were killed and dozens wounded, health officials said. Israel's military said that two soldiers had been killed in battle a day earlier. Israel's leaders have said they were winding down the phase of intense fighting against Hamas, the Islamist group that has governed Gaza since 2007, and would soon shift into more targeted operations.

  • Saudi Arabia’s sovereign wealth fund swings to $36.8 bln profit in 2023

    Saudi Arabia's sovereign wealth fund PIF swung to a profit of 138.1 billion riyals ($36.81 billion) in 2023, it said on Monday, after posting a loss of $15.6 billion a year earlier. Total revenues at the Public Investment Fund more than doubled to $88.3 billion last year from $44 billion in 2022, according to a regulatory filing.
    The rise in revenues was driven by factors including an improvement in both investment and non-investment activities in sectors like banking, telecommunications and gaming, as well as increased dividends.

  • Nazaha: 155 government officials arrested over corruption charges

    The Nazaha said in a statement on its X account that its officials carried out a total of 924 inspection raids during the last month of June. The Nazaha initiated a number of criminal and administrative cases following the oversight rounds in June, which resulted in the investigation of cases against 382 officials accused of various corruption charges.

  • EV Metals Group completes initial exploration programme at Saudi Arabia project

    The Project, located 450 km east of Jeddah in the South-East of the Arabian Shield, comprises 13 tenements, covering a total area of approximately 1200km2. All 13 tenements already have exploration licenses granted with the final 2 having recently being granted in April. Previous work conducted to date indicate the prospects of lithium and rare earths. RIWAQ also holds 2 separate tenements, which are prospective for nickel and copper/molybdenum porphyry systems respectively. These are both pending final grant.

  • Saudi Arabia introduces mandatory health insurance for 3.7 million domestic workers

    Saudi Arabia has today introduced mandatory health insurance for domestic workers employed by households with more than four staff, according to the Saudi Council of Health Insurance (CHI). The CHI says the move is part of the CHI and the Insurance Authority’s efforts to enable all beneficiaries to access comprehensive care and prevention and to empower stakeholders to achieve justice, transparency, excellence and performance. 

  • Saudi energy minister announces discovery of 7 oil, gas deposits

    Saudi Arabia’s energy minister announced the discovery of seven oil and gas deposits in the Kingdom’s Eastern Province and Empty Quarter, Saudi Press Agency reported on Monday.Prince Abdulaziz bin Salman said Saudi Aramco had discovered “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs,” SPA said.

  • Saudi Customs thwarts attempt to smuggle 3.6 million Captagon pills at Jeddah Islamic Port

    Customs inspectors at Jeddah Islamic Port thwarted an attempt to smuggle 3,633,978 Captagon pills, which were found hidden in a consignment coming to Saudi Arabia. The Zakat, Tax and Customs Authority (ZATCA) explained that a shipment consisting of “iron equipment” was received at the port, and when it was subjected to routine customs inspections using modern security techniques, a quantity of grains was found hidden within the shipment.

  • Organizational structures for health clusters approved

    It is noteworthy that the first phase of the health transformation was completed by the Ministry of Health by the end of 2023 with the launch of 20 health clusters to serve beneficiaries in various regions of the Kingdom. Eight paths of the modern healthcare model were implemented, which include heart attack path, the stroke path, the early detection path for breast cancer, early detection path for colon cancer, serious injuries path, the obesity path in adults, the diabetes path in adults, and the palliative care path.

  • ‘Top Chef Middle East’ Moves to Saudi Arabia’s Neom Hub for New Season

    “Top Chef Middle East,” the hit Arabic-language adaptation of Bravo’s TV series, is moving to Saudi Arabia’s innovative Neom production hub. Leading Middle East broadcaster MBC – which is Saudi-owned – is teaming up with Neom Media Industries to launch production of the eighth season of the reality culinary contest near the planned futuristic city known as “the Line.”