There is no number limit for pilgrims to perform Umrah, said Saudi’s Hajj Ministry. Tourists, or those who are on work visa are permitted to perform Umrah. In October 2020, Saudi government allowed limited number of pilgrims to perform Umrah. The Saudi Arabian Ministry of Hajj and Umrah has announced that there is no number … Read more
London: Following the departure of his brother Harry and uncle Andrew Prince William, the heir to the throne now that his father has assumed the role of king, has stepped up to royal duties. Since Charles’s reign will unavoidably be shorter than that of his mother, Queen Elizabeth II, William has grown up with a … Read more
Economist and former finance minister Rodrigo Chaves was sworn in Sunday as Costa Rica’s president for a four-yr mandate centered on reinvigorating considered one of Latin America’s most solid economies. The former World Bank govt, who resigned from the worldwide lender amid a sexual harassment scandal, has made it his project to tackle Costa Rica’s … Read more
Saudi Arabia is pushing to redesign its harsh justice system however reforms are overshadowed by means of executions and hard treatment of dissidents, elevating questions about how a lot will exchange. The nation is known for its strict interpretation of Islamic sharia law, which paperwork the premise of its judicial gadget. But in recent months … Read more
Former cricketer Waqar Younis was next to perform Umrah with his family after all-rounder Shadab Khan performed earlier this month. Waqar and his family also visited Masjid-e-Nabvi (PBUH) during Umrah. The former cricketer took to Twitter to inform his fans about his blessed opportunity during the month of Ramadan. He shared pictures of himself with … Read more
Queen Elizabeth honored her late spouse, Prince Philip, on the main commemoration of his passing. The Royal Family’s true Twitter account posted a video of an image montage of the Ruler all through his life. Photographs of him as an infant, as an attractive naval official, and with his four kids, grandchildren, and incredible grandkids … Read more
TEHRAN – Iranian envoys have returned to the Saudi-based Organisation of Islamic Cooperation (OIC), in the first such diplomatic move since the two countries cut ties in 2016, the foreign ministry announced on January 17. “The delegation is now in Jeddah, Saudi Arabia to start its work at the Organisation of Islamic Cooperation,” Saeed Khatibzadeh … Read more
HONG KONG – Hopes for Thailand’s economic recovery have been dealt a blow with the suspension of a quarantine-free programme for international tourists, say figures in the all-important hospitality industry who are readjusting their outlook for 2022. “We are kind of seeing a replay of 2021 where … hotels are focusing on domestic travel once … Read more
RIYADH: Saudi Arabia on Thursday re-imposed social distancing measures at the Grand Mosque in Makkah, after recording the highest number of infections in months. Workers have returned floor markings removed on October 17 to guide people to social distance in and around the Grand Mosque, which is built around the Kaaba. The Saudi authorities said they … Read more
RIYADH: Saudi fintech, Thiqah, a business services company, and Emdha, an IT firm, have signed 2 initial agreements, to empower small and medium-sized fintech companies in the kingdom, through reducing the cost of services, Arab News quoted a tweet, as saying. The agreements were signed under the patronage of the Digital Government Authority and Saudi central bank. … Read more
RIYADH: Food plants are leading industrial sector new licences in November, which saw a 14 per cent increase, Arab News quoted official data, as showing. Saudi Arabia’s Ministry of Industry and Mineral Resources issued 68 licences to industrial units in November with investments amounting to SR735 million ($159 million), a statement said. The statement said the issuance … Read more
RIYADH: The Saudi government offered denominated Sukuk in Saudi riyals worth SR415 million ($110.5 million) for the December issuance, the National Debt Management Centre announced. The issuance comes under the kingdom’s riyal-denominated Sukuk programme. The first tranche had a size of SR200 million and matures in 2029, while the second tranche was valued at SR215 … Read more
RIYADH: Saudi Arabia’s Public Prosecution on Tuesday announced the establishment of an independent specialised unit to investigate financial frauds, the Saudi Press Agency reported. Saudi Arabia is taking several measures to ensure the protection of consumers and businesses within the kingdom and from criminals operating outside. [embedpost slug=”/saudi-arabia-to-privatise-all-its-airports/”]
RIYADH: Saudi-based United Electronics Co, known as extra, to inject one billion Egyptian pounds ($64 million) as an initial investment for a fully owned subsidiary in Egypt, marking its first expansion outside the Gulf Cooperation Council, Arab News quoted the company, as saying, in a bourse filing. The expansion in Egypt will be financed entirely from the … Read more
JEDDAH: Saudi Transport and Logistics Minister Saleh Al-Jasser has inaugurated the first phase of the Saudi Logistics Services’ Jeddah station extension at the King Abdulaziz International Airport, Arab News reported. The project will boost the annual capacity of the company, which is a member of the Saudi Arabian Airline Corp, to 1.1 million tonnes. Equipped with world-class … Read more
RIYADH: Saudi Arabia’s holdings of US Treasuries fell to the lowest level in about four years in October, Arab News reported. The kingdom’s stocks of US government debt fell by $8 billion, the most in a year, to $116.5 billion, the lowest level in four years, according to US Treasury Department data. Saudi Arabia was the biggest … Read more
JEDDAH: The first Saudi Fashion Professional Association under the Ministry of Culture will be announced before the New Year, Arab News quoted its president, as saying. The association will consist of intellectuals and artists in Saudi Arabia to provide opportunities for professionals in the fashion sector. It will help professionals to “develop their skills, build their initiatives, … Read more
RIYADH: Annual inflation rate in Saudi Arabia hit 1.1 per cent in November, up from 0.8 per cent in the previous month, Arab News quoted Gastat report, as saying. This is the highest level since June and the third month in a row in which inflation rate rose, yet it remains within analysts’ expectations. Specifically, … Read more
CAIRO: The Saudi economy expanded by an annual rate of 7 per cent in the third quarter of this year driven by higher oil production, Arab News quoted the data released by Gastat. This is the highest yearly growth rate since 2012. Growth was also upwardly tweaked to 7 per cent compared to an initial estimate of … Read more
RIYADH: Saudi King Salman said that the kingdom will continue reforms aimed at improving the quality of life and best use of resources, the Saudi Press Agency said, citing a Cabinet statement following the approval of the kingdom’s 2022 budget. “We are determined, with God’s help, to continue implementing economic initiatives and reforms to achieve the goals … Read more
RIYADH: More than SR12 trillion ($3.2 trillion) is set to be ploughed into Saudi Arabia by 2030, as the kingdom seeks to diversify its economy away from the oil sector, Arab News quoted the minister of investment, as saying. Speaking at a forum in Riyadh in the wake of the 2022 budget announcement, Khalid Al-Falih … Read more
RIYADH: Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has said that transparency is the key to attracting investment in the kingdom’s mining sector, Arab News reported. Speaking at a post-budget forum in Riyadh, Alkhorayef said Saudi Arabia is committed to the environmental, social, and governance concepts in all sectors, including mining. He said mining is … Read more
DUBAI: Saudi Arabia-based asset management firm Sedco Capital has launched an additional offering of its real estate investment trust fund to increase asset value by SR702 million ($187 million), Arab News reported. The offering period will run for five days until December 16, the company said in a statement. The price is set at SR10/unit. Sedco Capital … Read more
RIYADH: The Saudi Central Bank has issued the IT governance framework to streamline functions of financial institutions operating in the kingdom, the Saudi Press Agency reported. The framework will also be applicable to lending institutions, Saudi Payments and credit information companies. It is part of SAMA’s responsibilities to effectively identify and address potential IT risks and threats. … Read more
Saudi Global Ports has agreed a deal to help double Riyadh Dry Port’s handling capacity to 1.5 million containers/annum by 2030, Arab News reported. The Public Investment Fund-backed SGP will work with the Saudi Railway Company to improve connections between the dry port and Dammam Seaport, where it operates the first and second container terminals. SGP will … Read more
ISLAMABAD: Saudi Arabia has allowed the Pakistan International Airlines (PIA) to operate increased number of flights to the kingdom. The PIA spokesman, in a press release, said that the national flag carrier would now operate 48 flights in a week between different destinations of the two countries. He said eight flights each would be operated … Read more
RIYADH: Saudi Aramco has announced its entry into the kingdom’s domestic lubricants market with the launch of a new line of products, Arab News reported. The oil giant timed the Orizon® launch to coincide with the inaugural Saudi Arabian Formula 1 Grand Prix in Jeddah. The product line has been introduced in more than 20 cities, including … Read more
Saudi Arabia’s smart city NEOM has hosted its first UK roadshow event in London to promote investment opportunities. It was attended by over 250 leaders from the country’s business, financial, environmental and political circles, Launched by Saudi’s ambassador to the UK, the Discover NEOM event included presentations, panels and an exhibition of NEOM in film … Read more
