Riyadh Chamber of Commerce honored the Chairperson of the Board of Directors of the Saudi Sawahl Al-Jazeera Media Company, Ms. Al-Jawhara bint Turki Al–Otaishan, at the Al-Mishraq ceremony, which witnessed the first honorary meeting of womenpreneurs within the Ramadan meetings of the Riyadh Chamber, in the presence of a group of…
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…
The economy is likely growing quickly so far in Q1 2023, while the non-oil PMI rose to a near eight-year high in February, boding well for the non-hydrocarbons sector, according to FocusEconomics Consensus Forecast Middle East & North Africa report. The Kingdom’s average oil production in January was down…
Kafalah SME Loan Guarantee Program and Sawahel Al Jazeera Media Co. signed a memorandum of understanding (MoU) between the two parties. The MoU aims at discussing cooperation between parties. It sets a general framework for roles and tasks regarding news dissemination and coverage of the most prominent events of…
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…
NEOM Aviation, Saudi Arabia’s latest airline dedicated to serving the futuristic $500 billion city in the country’s northwest region, is set to begin operations at the end of the last quarter of 2024. NEOM Aviation According to Klaus Goersch, CEO of the airline, the company’s focus will be on…
The Board of Executive Directors of the World Bank Group approved a new partnership framework with Egypt that extends until 2027, at a value of $7 billion to support development projects in the country, in partnership with the International Finance Corporation and the Multilateral Investment Guarantee Agency. The value…
The Ambassador of the Kingdom of Saudi Arabia to Washington, Princess Rima Bint Bandar, visited the two Saudi astronauts, Ali Al-Qarni and Rayana Bernawi, at the control center of the SpaceX mission organized by the International Space Agency (NASA). The Saudi princess expressed happiness at visiting the control center…
The Minister of Commerce, the head of the Saudi side of the Saudi-Iraqi Coordination Council, Majid Al-Qasabi, said that the Saudi flights would go to Iraq within two weeks and that it will participate in the Baghdad exhibition next November in order to market Saudi products. Al-Qasabi stressed…
The Saudi Minister of Commerce and Chairman of the Board of Directors of the General Authority for Foreign Trade Dr Majid Bin Abdullah Al-Qasabi, met with the Iraqi Prime Minister Mohammed Shia Al-Sudani, in Baghdad. Al-Qasabi, who is also the head of the Saudi side of the Saudi-Iraqi Coordination Council,…
