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Secretary General of the Gulf Cooperation Council (GCC) Jassem Mohammed Albudaiwi said that the GCC countries, the GCC Secretariat General, and the GCC Rail Authority, are continuing their efforts to finalize the completion stages of the railway linking the GCC countries. This represents a prominent step in the joint Gulf…
SAUDIA Group – Saudi Airlines, flyadeal, and Saudi Private Aviation – has announced its operational plan for Hajj season 2023, allocating over 1.2 million seats for pilgrims from all over the world. The integrated plan includes optimizing the use of SAUDIA group’s current fleet of 164 aircraft, with the provision…
The Saudi Fund for Development (SFD), represented by its CEO, Sultan bin Abdulrahman Al-Marshad, signed, on Monday in the Kyrgyz capital, Bishkek, with the Ministry of Finance of the Republic of Kyrgyzstan, represented by His Excellency Minister of Finance, Almaz Baketaev, two agreements funded by the Saudi Fund for Development…
Kafala Program for Financing Small and Medium Enterprises achieved during the fourth quarter of 2022 a financing guarantee of 13.3%, compared to the third quarter of 2022, which had a financing guarantee of 12.1%. The Saudi Central Bank “SAMA” also stated the value of public financing facilities. This amounted…
Fitch Ratings has upgraded Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘A+’ from ‘A’, with a stable outlook. The credit rating agency cited Saudi Arabia’s successful efforts to diversify its economy away from oil. Fitch said that the upgrade of Saudi Arabia’s ratings reflects its strong fiscal and external…
When people think about Ramadan, they always focus on spirituality, and how to utilize the holy month to renew hopes and to reach the highest goals represented in gaining Allah’s mercy and forgiveness. However, there is another angle to the holy month, in this piece Entrepreneurship KSA research the possibility…
Saudi Arabia’s Energy Ministry announced on Sunday a voluntary oil output cut of 500,000 barrels per day starting May and until the end of 2023. The production cut comes in line with some other countries of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC Participating Countries in the…
The Public Transport Authority announced a mechanism for booking electronic appointments for the entry of trucks during ban times to the city of Riyadh and Jeddah during Ramadan. This mechanism was determined according to the ban dates announced by the General Traffic Department during the holy month. Trucks licensed in…
The Saudi Cabinet approved today, Wednesday, the decision to join the Shanghai Cooperation Organization, as Riyadh builds a long-term partnership with China. SPA said that KSA agreed to a memorandum on granting it the status of a dialogue partner in the SCO. The organization is a political and…
The Saudi Agricultural Investment Company SALIC announced that it will complete the supply of more than 1.2 million tons of strategic commodities in 2022. It directly supplied 720,000 tons of wheat, representing 20% of the kingdom’s annual purchases. This was after winning the tenders put forward by the…
LEADERS MENA MAY 2023