Saudi economic authorities and businessmen unanimously agreed that the 2018 budget confirms the government's commitment to maintaining high-level spending, anticipating the private sector to boost capacities and accelerate the pace of diversifying sources of income.
On top of that, it is also expected that exports will witness a vital spike. The allocation of 205 billion riyals ($ 54.6 billion)Read more
The Saudi cabinet said Tuesday that the vision 2030 confirms that the transformation being witnessed by the Kingdom contributes to supporting regional stability in general and enhancing the trend of making the Kingdom a center for the region and a heart of the Islamic world.
The vision came in response to internal development needs and affirmation of a policy seekingRead more
The Saudi-Japanese Business Council discussed on Monday in Riyadh means to overcome obstacles, bolster investments and support the small and medium-sized enterprises (SMEs) sector.
The council said that recent talks between the two countries paved the way for increasing the volume of bilateral trade to reach around $27 billion in 2016, adding that about 6 percent of the Kingdom’s totalRead more
Saudi Arabia adopted on Monday the “Citizen’s Account” to assist people of middle and low income in enduring the additional costs resulting from the gradual increase of energy prices, affirmed Minister of Finance Mohammed al-Jadaan. He pointed out that the global economy is growing and improving, adding that confidence in global financial markets is rising.
During a speech before theRead more
Saudi Arabia has invited women to a sports stadium for the first time to attend annual national day celebrations with their families, state media said on Wednesday, opening up a previously male-only venue.
Families will be allowed into the King Fahd stadium in Riyadh, used mostly for football matches, and seated separately from single men to mark the kingdom's 87thRead more
Saudi Arabia has invited women to a sports stadium for the first time to attend annual national day celebrations with their families, state media said Wednesday, opening up a previously male-only venue.
Families will be allowed into the King Fahd stadium in Riyadh, used mostly for football matches, and seated separately from single men to mark the kingdom's 87th NationalRead more
Economic development is a key factor in deterring young people in the Middle East and elsewhere from becoming involved in violent extremism, a gathering of world leaders heard in New York.
A one-day youth forum on tolerance — held under the joint auspices of the MiSK Foundation, the Saudi Arabian philanthropic organization headed by Saudi Crown Prince Mohammed bin Salman,Read more
Minister of Energy, Industry and Mineral Resources Khalid Al-Falih pointed to closer economic ties with China in his address to the Saudi-Chinese Investment Forum.
Al-Falih said the joint Saudi-Chinese Commission had worked on harmonizing Vision 2030 and the Chinese “Belt and Road” initiative.
He said he hoped that both countries’ private sectors would cooperate in other fields – and thatRead more
Saudi Arabia’s Electricity and Co-generation Regulatory Authority (ECRA) issued a regulatory framework for electricity consumers to operate their own small-scale solar power generating systems which will allow self-consumption and export excess to the grid.
The authority aims to create an encouraging environment where consumers use solar energy as part of the goals of Vision 2030. The Kingdom has few renewableRead more