Saudi Arabian national jiu-jitsu team won one gold and three silver medals in the 2022 Grand Prix De Paris, on Saturday. Panagiotis Theodoropoulos, president of the Jiu-Jitsu International Federation, attended the tournament’s first day. Abdulmalik Al-Murdhi won the gold medal in the 62kg weight category after defeating his compatriot Faris Kashmeeri, who took Saudi Arabia’s … Read more
Saudi Arabia’s Ministry of Hajj and Umrah said on Saturday that the Hajj capacity will be increased to 1 million pilgrims this year. The government’s concern for pilgrims’ safety and the well-being of people visiting the Grand Mosque and the Prophet’s Mosque led to this decision, according to the ministry, which will be executed in … Read more
RIYADH: At least eight people sustained injuries and a civilian plane was damaged on Tuesday after a drone attack on Saudi Arabia’s Abha International Airport, as per media reports. According to the Saudi-led Arab coalition, Saudi Arabia’s defence forces intercepted and destroyed an explosive-laden drone targeting the airport without causing any casualties. The initial report … Read more
RIYADH: Saudi Arabia is looking for more trading partners under the free trade agreements, as the country aims at increasing non-oil exports share in GDP, Arab News reported. The kingdom is resuming negotiations for the free trade agreements with 11 countries, Okaz paper reported, citing a circular by the Federal of Saudi Chambers (FSC) to all chambers … Read more
RIYADH: Saudi startups in the financial technology sector emerged as the most funded in the kingdom, and more private investors and venture capitalists are rushing to invest in these firms at early stages of their business lifecycle, Arab News reported. The number of deals closed recently hit a record with over $150 million in the first … Read more
RIYADH: Saudi Arabia reported a fall in its budget deficit that went down 38 per cent in the second quarter of the current year from the first quarter even as its spending increased 19 per cent with the revenues also increasing 22 per cent, Arab News quoted the Ministry of Finance, as saying, in its quarterly … Read more
RIYADH: Saudi Aramco will post a second-quarter profit of $24.70 billion, a year-on-year increase of more than 250 per cent, as the price of crude surged from the pandemic-hit lows of last year, Arab News quoted analysts, as saying, before the release of financial results this Sunday. The Bank of America predicts a net profit of $24 … Read more
DHAHRAN: Saudi Aramco has denied the reports about its plans for Bitcoin mining. “With reference to recent reports claiming that the Company will embark on Bitcoin mining activities, Aramco confirms that these claims are completely false and inaccurate,” said an Aramco statement issued on Monday. A global integrated energy and chemicals company, Aramco produces approximately … Read more
ISLAMABAD: Prime Minister Imran Khan has reaffirmed the deep-rooted and historic bonds between Pakistan and Saudi Arabia, and emphasised the need to strengthen the economic dimension of these ties by taking steps to realise the vast possibilities in trade, investment and energy. The prime minister was talking to Foreign Minister of the Kingdom of Saudi … Read more
RIYADH: Fitch Ratings has revised six Saudi Arabia’s banks’ outlooks to stable from negative and affirmed the Foreign Currency and Local Currency Long-Term Issuer Default Ratings (IDRs) at ‘BBB+’. Fitch’s assessment considers the authorities’ strong ability to support the banking system, given large, albeit reduced from their historical levels, external reserves. It also reflects a long … Read more
Saudi Arabia: Ministry of Hajj and Umrah on Thursday declared the end of the registration period via the online portal for the Hajj 2021 pilgrimage. Adding that 558,270 people have signed up to perform the sacred pilgrimage this year. The ministry said the second phase of registering and selecting packages will start on Friday, June … Read more
The Saudi government has announced that Iftar gatherings and I’tikaf will not be allowed in the Masjid al-Haram and Masjid al-Nabawi during Ramadan. According to the reports, Sheikh Abdul Rahman Al-Sudais, the head of affairs of the two mosques, said that the Presidency would provide ready-made food to the worshipers in the Masjid al-Haram, while … Read more
A statement issued by the and Saudi Ministry of Hajj and Umrah said that in the first week after the release of the ‘Etamarna’ app, the ministry has approved the requests of at least 1,08,014 locals and foreigners to perform Umrah. In one week, the government approved applications from 41,873 locals and 65,128 foreigners for … Read more
Saudi Arabia announced on Friday, that tourist visas will be issued for the first time to visitors around the world. According to Arab media, Saudi Government has announced that tourist visas will be issued for the first time to visitors from 49 countries. Tourists from 38 countries in Europe, 7 in Asia, as well as … Read more
