The Latest Breaking News from Kingdom

The Arab Inter-Parliamentary Union has strongly condemned the Houthi militia attempts to harm the people, territory and sovereignty of Saudi Arabia and the UAE. This came in a statement following the union’s 32nd conference in Cairo on Friday, during which Sheikh Abdullah Al-Asheikh, the speaker of Saudi Arabia’s Shoura Council,…

A recent Saudi report revealed that the Kingdom’s venture capital investments achieved a growth of 770 percent, reaching a record-high of SAR 2 billion $548 million, up from SAR 236 million in 2018. The Saudi Venture Capital Impact report also showed that the number of investors in Saudi startups rose…

Saudi Culture Minister Prince Badr bin Abdullah bin Farhan said that the Kingdom supports local, regional and international efforts to develop innovative cultural policies and promote the role of the cultural sector as a major factor of sustainable development. The minister’s remarks came during a high-level ministerial session of the…

The Kingdom of Saudi Arabia and the Sultanate of Oman signed on Thursday a Memorandum of Understanding (MoU) to build relations of partnership and integration in order to achieve the strategic goals of the two countries on food and water security, the Saudi Press Agency reported. The MoU was co-signed…

Romanian Energy Minister Virgil Daniel Popescu revealed plans for launching a gas pipeline from Azerbaijan through the Caspian Sea region, using the link between Romania and Hungary to the Central European markets. This comes at a time the world and Europe face uncertainty regarding the supply of Russian oil and…

Saudi Arabia’s central bank announced on Tuesday that the government has approved the licensing of a third digital bank, called D360 Bank, with a capital of 1.65 billion riyals ($440 million). It added that the Kingdom’s Public Investment Fund (PIF) was part of the consortium of companies and investors launching…

The Saudi Ministry of Industry launched the Made in Saudi Arabia exhibition, meanwhile, experts expect the industrial sector in the Kingdom to grow by 5 to 6 percent, in parallel with an increase in global partnerships thanks to the competitiveness of national products. Held under the slogan of “Our Industries,…

The Saudi Ministry of Environment, Water, and Agriculture (MEWA) launched the Registration of Agricultural Investments Abroad portal to assess the capabilities to develop agricultural and animal sector activities. Minister of Environment, Water and Agriculture Abdul Rahman al-Fadley inaugurated the portal in the presence of the Governor of the Saudi Grains…

Cyprus' President Nicos Anastasiades held talks in Nicosia on Sunday with Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah. Discussions focused on cooperation between their countries and ways to develop it in all fields. They also tackled elevating relations to broader horizons in line with the Kingdom's Vision 2030…

King Salman International Conference Center in Madinah will host 120 startups, including 60 global companies, in the Startup Investment Forum (SIF) from February 21 to 23. The Small and Medium Enterprises General Authority (Monshaat) recently launched the Accelerator and Startup Studio Funds, which targets promising technology fields such as e-commerce,…

Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4% of Saudi Aramco shares to the Public Investment Fund, Saudi Arabia's sovereign wealth fund, state news agency SPA reported on Sunday. The Crown Prince said the state remains the largest shareholder in Saudi Aramco after the transfer process,…