Headlines:

FM Qureshi briefs counterparts on Afghan situation

FM Qureshi Pays Tribute To Kashmiri People On Martyrs' Day

Foreign Minister Shah Mehmood Qureshi on Monday underscored that a peaceful and stable Afghanistan was of critical importance for Pakistan and the region. In a telephonic conversation with his Saudi counterpart His Highness Prince Faisal bin Farhan Al Saud, Qureshi expressed the hope that Afghan parties would work for an inclusive political settlement to ensure … Read more

Saudi oil income increased despite 20% drop in crude exports

crude oil

RIYADH: Saudi Arabia could not ship more crude oil in the first-half as it voluntarily restrained output under Opec+ production-cut agreement; however, high oil prices this year helped the kingdom to see stable income, Arab News reported. The kingdom’s crude oil exports averaged 5.776 million barrels per day (bpd) in the first-half of 2021 that is 19.8 … Read more

Saudi Arabia extends visas for stranded foreigners to Sept 30 

IMF expects Saudi economy to grow 2.8% in 2021

RIYADH: Saudi Arabia announced on Tuesday that it has extended the residence permits and visas for the stranded foreigners under the Saudi ban due to the Covid-19 pandemic to September 30. The foreigners with Saudi residence permits or visas are now prohibited from entering the kingdom if they are currently in the banned countries. To … Read more

Saudi CGS appreciates Pakistan’s army role for regional peace, security; vows ‘full support’ 

army

In view of the evolving regional security situation, Saudi Chief of General Staff (CGS) has expressed ‘full support’ for Pakistan in efforts for peace in the region, while meeting Pakistan’s counterpart at the General Headquarters in Rawalpindi, according to an official statement issued on Monday. During the meeting, geo-strategic environment, security situation in Afghanistan and … Read more

Pakistan Night set to be held in Jeddah on 27th 

Jeddah port

JEDDAH: The Saudi Ministry of Tourism and the Saudi Entertainment Authority are jointly organising a Pakistan Night in Jeddah on August 27. Five thousand Pakistanis and their families are expected to attend the event. According to the details released by organisers of the Pakistan Night, there will be music gala, organized music, games for children, entertainment … Read more

Saudi inflation rate decelerates as impact of VAT increase fades

IMF expects Saudi economy to grow 2.8% in 2021

RIYADH/MOSCOW: Inflation rate in Saudi Arabia decelerated in July from June on an annual basis, as the effects of the July 2020 tripling of the VAT rate no longer weigh on spending, Arab News reported. The consumer price index, a gauge used to detect the changes in prices, recorded a modest increase of 0.4 per … Read more

Pakistan’s Independence Day celebrated in Jeddah

Pakistan’s Independence Day was celebrated in Jeddah with traditional zeal and fervour.

JEDDAH:  Pakistan’s Independence Day was celebrated in Jeddah with traditional zeal and fervour. A simple and graceful flag-hoisting ceremony was held at the Pakistan Consulate General Jeddah. Consul General Khalid Majid, in his remarks, highlighted the significance of the day and underlined Pakistan’s regional and global importance by virtue of its history, geostrategic location, and … Read more

Today Gold Rate in Saudi Arabia on, 13th August 2021

Gold Rate in SAR

SAR: Today Gold Rate in Saudi Arabia (SAR) is Sar. 211.90 for 24k per gram. And Sar. 194.24 for 22 karat gold. Today live gold price in Saudi Arabia and different cities of Saudi Arabia. Gold Rate in Saudi Arabia (SAR) Check the latest rate of Gold price in Saudi Arabia (Saudi Riyal) (Updated, 13th August 2021). Location … Read more

Non-Saudis can buy one property in Kingdom

Saudi inflation rate rises in September from its lowest level in 20 months

RIYADH: Non-Saudis, who are legal residents of the Kingdom, can now own a single property by following three conditions to be fulfilled set by the Absher platform, Saudi Gazette reported. The platform explained with the support of infographics that the service enables residents to apply for a permit to own a property within the Kingdom, … Read more

PTI Saudi Arabia chapter president to work for Pakistan community

PTI

Newly-elected Pakistan Tehreek-i-Insaf (PTI) Saudi Arabia chapter president Uzair Bhatta assured that he would work with Pakistan Journalist Forum (PJF) to address issues being faced by Pakistani community. “Above self-interest, we will work abroad for the Pakistan Tehreek-i-Insaf (PTI) and our Pakistani brothers, take practical steps to address issues being faced by the Pakistani community. … Read more

Vaccinated teens allowed to perform Umrah, Saudi Arabia

Hajj 2021 sermons to be broadcasted in 10 languages

The Saudi Arabia government has allowed the local pilgrims aged from 12 to 18 can obtain Umrah authorizations if they have been vaccinated twice for the Covid-19, stated the Ministry of Hajj and Umrah. The declaration was made on the induction of the 2021 Umrah season on August 10. According to the briefing more than … Read more

Saudi Arabia’s economy grows 1.5% in Q2, first expansion since pandemic

gas deposits

RIYADH: Saudi Arabia’s economy grew 1.5 per cent in the second quarter, year-on-year, first expansion since the pandemic, fuelled by a 10.1 per cent growth in the non-oil sector, Khaleej Times quoted the flash government estimates on Monday. Seasonally-adjusted real gross domestic product (GDP) grew 1.1 per cent in the second quarter, compared with the first quarter, … Read more

Saudi Arabia Allows Vaccinated Foreign Pilgrims To Perform Umrah

Saudi Arabia Allows Vaccinated Foreign Pilgrims To Perform Umrah

Saudi Arabia has announced that it will allow vaccinated foreign pilgrims to perform Umrah after a year and a half. According to the Saudi Press Agency (SPA), the Ministry of Hajj and Umrah has announced that from August 9, applications for Umrah will be gradually received from different countries of the world. It should be … Read more

E-payment in Saudi Arabia grows 75% in 2020 amid Covid-19 

RIYADH: Saudi Arabia’s e-payment transactions increased by 75 per cent in 2020 due to Covid-19 outbreaks, the Saudi Press Agency reported on Thursday. Fintech Saudi’s National Fintech (financial services technology) Adoption Survey Results Report 2021 also revealed a reduction in cash withdrawals through ATM machines by 30 per cent in the same period. One of … Read more

Saudi women appointed at Haram presidency

MAKKAH: In a landmark move to further empower women in Saudi Arabia, the General Presidency for the Affairs of the Two Holy Mosques, announced the appointment of 20 women, who are holders of master’s and doctoral degrees, in key leadership positions at the presidency, Saudi Gazette reported. The positions include assistant head of the presidency, … Read more

Today Gold Rate in Saudi Arabia on, 6th August 2021

SAR: Today Gold Rate in Saudi Arabia (SAR) is Sar. 218.42 for 24k per gram. And Sar. 200.22 for 22 karat gold. Today live gold price in Saudi Arabia and different cities of Saudi Arabia. Gold Rate in Saudi Arabia (SAR) Check the latest rate of Gold price in Saudi Arabia (Saudi Riyal) (Updated, 6th August 2021). Location … Read more

IsDB, Bloomberg LP launch financial education programme in 9 countries

Islamic Development Bank announces final issuances

LONDON: The Islamic Development Bank (IsDB) and Bloomberg LP will work together to deliver a financial education programme for university students in nine countries in the Middle East, Africa and Asia, WAM reported. The nine IsDB member countries involved in the programme are Bangladesh, Egypt, Kazakhstan, Kuwait, Malaysia, Nigeria, Oman, Saudi Arabia and Uzbekistan. IsDB … Read more

WEF leader urges countries to pay attention to digital currency

WEF

DUBAI: Digital currency is going to play a big role in the global economy, a World Economic Forum (WEF) committee leader said, and nations need to pay attention to its unprecedented progress. “Somebody needs to be paying close attention to this space, and assessing on a weekly basis, what the national policy ought to be … Read more