The Latest Breaking News from Kingdom

The Saudi General Authority for Statistics (GASTAT) said on Wednesday that the Kingdom’s gross domestic product rose by 6.7 percent in the fourth quarter of 2021, while growth across the whole year increased by 3.2 percent, the highest jump achieved in nearly a decade. The growth was to a large…

Saudi Arabia welcomed the United Nations General Assembly’s decision to set March 15 as the International Day to Combat Islamophobia. The Kingdom will continue to work with all brotherly and friendly countries and partners from regional and international organizations to support efforts aimed at promoting dialogue among religions and civilizations,…

Bahrain targets a 5% increase in the non-oil economic sector in 2022, said a report published by the Bahrain News Agency BNA. It pointed out that the contributions of non-oil activities to the Kingdom’s GDP increased from 58% in 2002 to 81% in 2020, up $33 billion.

The Saudi Automobile and Motorcycle Federation (SAMF) has announced the signing of a sponsorship agreement with Bank Albilad to become a strategic sponsor of Formula 1 Race in the Kingdom, through Saudi Motorsport Company (SMC). The agreement was signed in Riyadh between Prince Khalid bin Sultan bin Abdullah Al-Faisal, Chairman…

Saudi Minister of Commerce, Majid al-Qasabi underscored the Kingdom's readiness to support cooperative efforts to achieve economic and social development in Arab and African countries. Speaking at the 3rd meeting of the Governance Council of the Arab-African Trade Bridges Program (Jusoor) in Cairo, Qasabi stressed that Vision 2030 seeks to…

Austrian Minister for Digital and Economic Affairs Margarete Schramböck clearly admitted that the current Russian-Ukrainian war has exposed Europe’s urgent need for a roadmap that accommodates economic diversification, especially in the energy sector, to secure its demands. This need made her visit to Saudi Arabia vital to finding the best…

Saudi Minister of Investment Khalid Al-Falih announced that the implementation of the Kingdom's National Investment Strategy increases the volume of foreign investment 20 times, stressing that the Kingdom established new reforms to attract quality investments. Speaking at the first Saudi-Austrian Business and Investment Forum in Riyadh, the minister confirmed that…

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister, and Chairman of the National Development Fund (NDF), launched on Monday the Fund’s strategy. The strategy was announced during a meeting of the NDF’s Board of Directors. The strategy aims to make the fund a pivotal enabler for the economic and…

Many of the Saudis, and seven Yemenis were executed for violent crimes, including the murder and "mutilation" of Saudi security agents, conspiracy to blow up an oil refinery, and the smuggling of arms and explosives into the Kingdom

Saudi Arabia and Greece aim to increase their economic, investment, and trade cooperation. The Saudi Ministry of Investment organized Sunday the Saudi-Greek Investment Forum in Riyadh, with top officials, executive directors of several large Saudi and Greek companies, and representatives of the private sector from both sides. The event aims…

Saudi Arabia strongly condemned on Sunday a missile attack on Iraq’s northern Kurdish regional capital of Erbil. The Saudi Foreign Ministry said the Kingdom stands by Iraq in its measures to protect its security and stability. It also rejected all forms of violence, extremism and terrorism.