Saudi ministries ink MoU with Korean NAVER Group for joint digital projects
Riyadh, Saudi Arabia - The Saudi Ministry of Municipal, Rural Affairs, and Housing and the Ministry of Investment have signed a memorandum of understanding (MoU) with the NAVER Group of South Korea to undertake joint digital projects in the kingdom . The NAVER, NAVER LABS, and NAVER Cloud, specialize in...Jordan king discusses modernization efforts in meeting with EU envoys
Amman, Jordan - Jordan king Abdullah on Monday discussed his country's modernization efforts in a meeting with a number of ambassadors of European Union countries to Jordan at Al Husseiniya Palace here. According to a royal court statement, the meeting covered Jordan’s modernization efforts, with King Abdullah reaffirming the Kingdom’s...Iran’s president welcomes invitation by Saudi king
Iranian President Ebrahim Raisi has "welcomed" an invitation from Saudi Arabia's King Salman to visit the kingdom following the reconciliation between the two countries, an Iranian official said. "In a letter to President Raisi... the King of Saudi Arabia welcomed the deal between the two countries (and) invited him to...Giga projects attract more foreign banks to KSA
At least six banks, seeking to open branches in Saudi Arabia, have obtained licenses from the Saudi Central Bank to conduct operations in the Kingdom in the coming months.Entertainment may add 4.2% to Saudi GDP by 2030
As the number of companies operating in the industry expected to exceed 2,500, the sector is likely to create 450,000 job opportunities in the Kingdom.Burjeel signs MoU with Leejam
The two will run wellness centres in Saudi Arabia.Events keep hotel occupancy high in Saudi Arabia
Over the next decade, the Kingdom's tourism industry is projected to develop at an annual rate of 11 percent, making it the region's fastest-growing tourism market.Saudi entertainment authority issues licenses for more than 24 theme parks
According to a study, GEA also authorised permits for almost 1,300 entertainment shows until the end of last year.Saudi Arabia may surpass UAE in FDI inflow this year
Overall, the two Gulf countries will continue to be major beneficiaries of the inflow of funds this year, says Nazar Musa, CEO of PRO Partner Group.Saudi Arabia, Clarity AI ink MoU to develop sustainability in private sector
Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data.France and Morocco mend ties after visa spat
RABAT, MOROCCO - France and Morocco announced Friday they were mending fences after months of tensions over visas, and said President Emmanuel Macron would visit the North African kingdom in early 2023. Speaking in Rabat alongside her Moroccan counterpart Nasser Bourita, French Foreign Minister Catherine Colonna said it was time to...Tourists, cruises, flights to Aqaba on the rise in December
AQABA, JORDAN - The southern city of Aqaba is welcoming an increasing number of local visitors and foreign tourists of various nationalities, especially from Europe, in the winter tourist season. The movement of cruise ships to the ports of Aqaba and flights to King Hussein International Airport is also witnessing...Herzog becomes first Israeli president to visit Bahrain
Israeli President Isaac Herzog arrived in Bahrain, the first visit by an Israeli head of state to the small Gulf kingdom since the two countries normalized relations in 2020. Herzog, whose role is largely ceremonial, was greeted at the airport by Bahraini Foreign Minister Abdullatif al-Zayani, according to pictures posted...Saudi Arabia eyes hosting AFC Women’s Asian Cup 2026
Riyadh, Saudi Arabia— Saudi Arabia has submitted its bid to host the AFC Women’s Asian Cup 2026, a key moment in its sporting history. A football nation, with a deep-rooted passion for the game, Saudi Arabia’s move to bid for the upcoming AFC Women’s Asian Cup builds on its expression...ZATCA extends period of exemption of penalties for Saudi taxpayers
Saudi Arabia's Zakat, Tax and Customs Authority has extended the period of Cancellation of Fines and Exemption of Penalties Initiative for taxpayersSALIC buys 9.2 percent stake in LT Foods
The deal follows the acquisition of 30% stake in Daawat40 Saudi, German companies discuss investment opportunities
The German delegation comprised companies working in the areas of water, training, education, infrastructure, industries, constructions and innovation.Jordan cabinet reshuffle aims at modernization plans
Jordan's cabinet reshuffle is a mandate for the government to work within the Kingdom's three modernization tracks, launched at the beginning of the country's bicentennial, Minister of Government Communications Faisal Shboul said.Masdar to partake in Saudi renewable energy market
Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co.Al Awali to raise US$133m
The Saudi developer will offer 20% of its shares on Nomu.Saudi Arabia dismisses statements critical of OPEC+ quota cut
A few days after US President Joe Biden said that there would be consequences for Saudi Arabia on its decision to cut oil production target, the kingdom today said that the OPEC+ decision was unanimous and took into account the balance of supply and demand. The kingdom rebuffed statements criticizing...S&P updates its outlook for Saudi Arabia to positive
In a statement, issued on Saturday, it assessed the kingdom's short and long-term foreign and local currency sovereign credit ratings to A-/A-2.Dozens protest in Morocco after Israeli envoy recalled
Around 100 people chanted slogans against the rapprochement between Morocco and Israel, criticising its ambassador David Govrin and Moroccan Foreign Minister Nasser Bourita. Israeli public broadcaster Kan reported Monday that a foreign ministry delegation had been dispatched to Rabat, following sexual abuse allegations against envoy Govrin.Business reforms enhance Saudi growth prospects
Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the world’s fastest-growing economies this year, says expert.Bahrain launches multi-entry e-visa for training purposes
Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.Saudi Arabia’s new tourism law to build globally competitive tourism sector
With the new legal framework, the Ministry of Tourism will have greater control of the quality of tourism services offered within the kingdom.Here’s why Saudi Arabia is buying more Russian oil
The Kingdom has for several years imported Russian oil, which helps to reduce its need to refine crude for products and cut the amount of oil it needs to burn for power, leaving it with more unrefined crude to sell in globally at higher prices. In 2021, it imported 1.05MT...Jordan’s Tourism income up 242% in H1 2022
The number of tourists visiting the kingdom rose by 1.4 million to 1.9 million.Morocco, Israel strengthen military links as army chief visits kingdom
Israeli army chief Aviv Kohavi, who arrived Monday, met with the Inspector General of the Royal Armed Forces Belkhir El Farouk, an Israeli army statement said.GCC nationals can now visit Bahrain with just ID cards
Bahrain will permit nationals of the Gulf Cooperation Council to enter into the kingdom with just an identity card or a passport, according to the Bahraini Nationality, Passports and Residence Affairs (NPRA). A statement carried by Bahrain News Agency (BNA) said the move follows the decision of GCC countries to...Jordan, Japan ink pact to build AI ecosystem in Jordan
The two parties agreed on the general framework of the project in addition to a draft record of discussions and the structure of the initial implementation.Non-Jordanian workers under deportation allowed to rectify status
The grace period decision included undocumented expats, who are currently still in the KingdomBeside oil, pilgrims help KSA economy boost revenues
The Haj season enhances Saudi Arabia’s political and religious prestige while contributing to its annual revenue of around $8 billion and creating thousands of jobs.Saudi King Salman to stay in hospital after colonoscopy
On Sunday afternoon doctors performed a colonoscopy “and the result was sound”, the Saudi Press Agency later said.KSA converts its deposit with Central Bank of Mauritania into soft loan
The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic of Mauritania.Fitch revises Saudi Arabia’s outlook from stable to positive
The international credit rating agency ”Fitch” updated its credit report for Saudi Arabia affirming its “A” rating for the Kingdom and revising the stable outlook from its July 2021 rating to positive. The outlook revision reflects the Kingdom's improvement in its sovereign balance sheet due to higher oil revenues resulting...Jordan Interior Ministry introduces 5-year entry visa
The decision also grants visa holders a temporary three-month stay that is obtained directly at border posts on each trip.Jordan ends all forms of distancing in mosques
Worshipers have been asked to wear masks when entering mosques and performing prayers.Saudi Arabia inks MoU with Amazon to promote digital services, e-commerce
The Saudi Arabia’s Ministry of Investment (MISA) announced on Friday that it has signed a Memorandum of Understanding (MoU) with Amazon Saudi Arabia for the establishment of a dynamic business environment that affords growth opportunities for small and medium enterprises across the Kingdom.Jordan, Egypt discuss cooperation in rail transport
Jordan Ministry of Transport spokesperson, Ali Odaibat, said the visit follows a meeting between Minister of Transport Wajih Azaizeh, and his Egyptian counterpart, Kamel Al-Wazir.Morocco announces $1 bn relief for drought-hit agriculture industry
Morocco said Wednesday it will launch a nearly $1 billion aid program to help its agriculture industry, which has been hit hard by a particularly acute drought in recent years. The emergency plan "aims to mitigate the effects of delay in rainfall, to alleviate the impact on agricultural activity and...Saudi Arabia elected as Head of ICAO’s Regional Aviation Safety Group for Middle East
The election took place during the ninth session of the group’s meetings hosted in Riyadh from 14-17 February 2022.Jordan announces program of jurisprudence lessons in the Kingdom’s mosques
The initiative is about enlightening people on the matters of their religious jurisprudence and compliance with the hadith of the Prophet.Morocco reopens airspace after two-month virus shutdown
Morocco reopened its airspace on Monday in a bid to breathe life into its crisis-hit tourism sector, two months after it cancelled commercial flights over coronavirus fears. The North African kingdom's latest move was welcomed by tourism businesses who have suffered two lost years due to the pandemic, as well...Business accelerator set to develop cybersecurity sector in Saudi Arabia
Saudi National Cybersecurity Authority (NCA) has launched a business accelerator specialized in the foundational technologies and priority emerging technologies in cybersecurity and related fields, as part of the authority's initiatives to activate the local industry and innovation system for cybersecurity.Morocco to end flight ban, in place since November: Official
A government statement published by the country's official MAP news agency said that the ban would end on February 7.Jordan king meets Israeli defence minister to discuss regional security
Israel's government said talks "focused on security and policy topics", during which Gantz thanked the king for playing a "critical role in maintaining regional peace and stability". Gantz also "expressed his commitment to further developing security, economic and civilian exchanges", but the Israeli statement made no mention of the Palestinian...US$20bn Jeddah Central Project launched
The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah.Jordan, USAID sign two agreements worth $597m
Jordan Minister of Planning and International Cooperation Nasser Shraideh and USAID Jordan Mission Director Sherry Carlin signed the agreements.Aramco taps L&T for Saudi facility
Spread over 120,000 square meters of area, the facility which is to construed by L&T aims to create crucial equipment for several industries such as power, oil and gas.



















































