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Global currencies’ exchange rate does vary from time to time due to various economic indicators. Saudi riyal (SAR) is not an exception to these indicators. SAR’s monetary authorities pegged the Gulf nation’s currency to the US dollar at a constant exchange rate. In 2003, the authorities officially pegged SAR to…
Osama Faqih, the Deputy Minister for Environment Affairs in Saudi Arabia, discussed ambitious environmental goals in an interview with “Al Arabiya Business.” For example, the Kingdom aims to plant 600 million trees by 2030, a significant increase from the current 40 million. Expansion of Protected Areas Besides the plan…
Riyadh Air, fully owned by Saudi Arabia’s Public Investment Fund, signed a strategic memorandum of cooperation (MoC) with Turkish Airlines, as per Al-Arabiya. This collaboration offers a broad range of benefits and services for passengers traveling between Riyadh and Istanbul, and other routes between Saudi Arabia and Turkey. At the…
Saudi Minister of Transport and Logistics Saleh Lajser said that the cost of transportation using alternative energy is declining rapidly. The minister explained that the Kingdom of Saudi Arabia will operate the first hydrogen-powered train in the region. In his speech at the COP28 conference in Dubai, the Minister pointed…
Saudi Energy Minister Abdulaziz bin Salman said that the first phase of NEOM green hydrogen was completed with a total investment of $8.5 billion. “We plan to issue tenders for renewable energy with a capacity of 20 gigawatts in 2024,” added the minister. During the launch of the third edition of…
King Abdulaziz University won for the third time the global “Zero Project” Award 2023. It is awarded to leading entities in empowering people with disabilities around the world. In its current session, 523 candidates representing 97 countries are participating. Qualifying Year Program For The Deaf The university participated with…
54 leading national companies participate in the Big 5 Exhibition in Dubai as part of the Saudi Industry pavilion during the period from 4 to 7 December. This participation is organized by the Saudi Export Development Authority “Saudi Exports”. The exhibition is considered one of the largest exhibitions specialized in building…
The Saudi Minister of Energy Abdulaziz bin Salman said that the growth of global demand for petrochemicals will continue. The minister added that the sector is witnessing rapid growth. He stressed that those who talk about the energy transition must accept the reality of today and the future. The Saudi…
Global currencies’ exchange rate does vary from time to time due to various economic indicators. Saudi riyal (SAR) is not an exception to these indicators. SAR’s monetary authorities pegged the Gulf nation’s currency to the US dollar at a constant exchange rate. In 2003, the authorities officially pegged SAR to…
Saudi Arabia, represented by the General Authority of Civil Aviation, hosted the 68th meeting of the Executive Council of the Arab Civil Aviation Organization in Riyadh. The event took place at the Hilton Hotel, with notable attendees including Abdulaziz bin Abdullah Al-Duailj, president of the General Authority. Appreciation for Saudi…
