MUST-READS

• Saudi Arabia announces major change to recruitment in Philippines, Sri Lanka, Bangladesh and 3 more countries
  The Ministry of Human Resources and Social Development recently announced a reduction in the maximum limits for recruiting domestic labour services in several countries, namely the Philippines, Sri Lanka, Bangladesh, Uganda, Kenya, and Ethiopia.
  This measure is aimed at ensuring fairness in recruitment costs and is part of the Ministry’s broader initiative to review applicable regulations and associated costs.

• Saudi Arabia invites developers for 3.7 GW of solar projects

  The opening of NREP's fifth round comes just a few days after the principal buyer of electricity in Saudi Arabia signed offtake deals for two projects -- the 1,100 MW Al Henakiyah and 400-MW Tabarjal schemes. The first one was awarded to a consortium of Masdar, EDF Renewables and Saudi-based Nesma Renewable Energy at a price of USD 16.84 (EUR 15.76) per MWh while the second solar park will be developed and operated by Jinko Power Technology Co., Ltd.

• Rafael Nadal to help expand tennis in Saudi Arabia in new role as ambassador

  Rafael Nadal's role in helping to grow tennis in the Gulf is set to increase significantly after the Spanish great was appointed ambassador of the Saudi Tennis Federation (STF).

  As part of his new position, Nadal, who made a recent surprise visit to a junior tennis clinic in Riyadh hosted by the STF, will spend dedicated time in Saudi Arabia each year to help nurture and plan the development of boys and girls in the sport as well as grow further interest in tennis amongst the country’s young population.

• Nadal senses growth opportunity in Saudi, Swiatek on the fence

  Rafa Nadal believes there is a big opportunity to grow tennis in Saudi Arabia after the 22-times Grand Slam champion was named an ambassador for the Saudi Tennis Federation, but Iga Swiatek is on the fence about the women's game potentially heading there.

  Nadal's role will see the former world number one spend time each year in the desert kingdom to help train children and grow interest in the sport, with plans also in the pipeline for a training academy, the Saudi federation said.

• Saudi Inflation Hits Two-Year Low in December

  Saudi Arabia’s inflation slowed to 1.5 percent in December 2023, compared to 1.7 percent in the previous month, official data showed. This places the Kingdom second among G20 nations for the lowest inflation rates, following the Netherlands at 1.2%.

  According to the latest report from the General Authority for Statistics, the average inflation for all of 2023 was 2.3%, down from 2.5% in 2022. This falls below the Ministry of Finance’s prediction of 2.6% for 2023, as outlined in the 2024 budget statement.

• Saudi Arabia charts collaborative path at Davos in meeting with WEF Leaders

  The Saudi delegation to Davos, led by Foreign Minister Prince Faisal bin Farhan, convened with World Economic Forum founder Klaus Schwab and its President Borge Brende during their participation in the forum’s 2024 edition. In the discussion, strategies were evaluated to bolster collaboration between the Kingdom and the World Economic Forum, addressing immediate and future challenges in economic and human development, the Saudi foreign ministry said. Throughout the week, the Kingdom's delegation is set to engage in a number of high-level sessions and bilateral meetings.

• Giga Projects will Continue to Aid Construction Market Growth in Q1 2024

  Projects like the Neom and the Red Sea resorts will drive construction spending in the Kingdom over the next three to four years, thereby supporting the growth of the construction industry. As part of its 2030 ambitious plan, the Kingdom is also launching new airports as it seeks to transform itself into a global tourism destination. Overall, the publisher maintains a robust growth outlook for the Saudi Arabian construction industry over the next three to four years.

• Ronaldo and Neymar brought global attention to Saudi league. Now the focus turns to national team

  Saudi Arabia hasn’t won the Asian Cup since 1996, but comes into the tournament having produced one of the biggest shocks in World Cup history when beating eventual champion Argentina in Qatar in 2022.

  “The Argentina win served as a motivation for us, it made us realize we can beat any team,” said Saleh Al Shehri, who scored in that famous 2-1 win. “Yes, the pressure on us increased, but any player who wears the colors of Saudi Arabia will do their best every time.”

• Residents in Saudi Arabia must now pay rent digitally via Mada or SADAD
  Residential rent payments in Saudi Arabia must be made exclusively through digital channels, according to the Real Estate General Authority.
  The digital payment methods are Mada or SADAD, with the biller number 153.
  Electronic vouchers will gradually cease issuance for new residential contracts, as payments will be automatically settled when made through digital channels, eliminating the need for printed receipts.

• A pioneering Saudi insurer with a global dialogue focus

  Tawuniya has been at the forefront of integrating artificial intelligence (AI) into operations, revolutionizing customer experiences, streamlining processes, and optimizing risk management, is reaffirming its commitment to shaping and adapting to the future with a strategy that is in line with emerging trends.

• 10 of 60248 results<< 1 … 465 466 467 … 6,025 >>