Exciting developments in Saudi Arabia include new hotel projects and financial strategies. Find out more about the Kingdom's progress!
Saudi Arabia is making significant strides in both the hospitality and financial sectors. Regal Hotels Group, along with Cosmopolitan International Group and the Ministry of Investment of Saudi Arabia (MISA), have inked a Memorandum of Understanding (MoU) to develop properties in the country. This partnership signals a promising future for the tourism and hospitality industry in Saudi Arabia.
On the financial front, the Kingdom estimates its financing needs for 2024 at a staggering $22.93 billion (86 billion riyals). This borrowing plan, approved by Finance Minister Mohammed Al-Jadaan, sets the stage for economic growth and stability. The green light given to the annual borrowing plan emphasizes Saudi Arabia's commitment to managing its finances effectively.
In parallel, Saudi Arabia has been on a journey of reform, particularly in the realm of women empowerment. The country, known for its conservative values, is gradually shifting towards gender equality and empowerment. These reforms showcase Saudi Arabia's progressive outlook and commitment to positive change.
Furthermore, international collaborations are on the horizon as Indonesia plans to cooperate with Saudi Arabia in martial arts, badminton, and scouting. This cross-cultural exchange demonstrates the Kingdom's expanding global influence and engagement.
Interestingly, the significant increase in Japan's crude oil imports from Saudi Arabia in November 2023 highlights the strong economic ties between the two nations. This partnership underscores the vital role of oil trade in the global market and the strategic importance of Saudi Arabia as a key supplier.
On another note, the Arab League's meeting with Saudi Arabia's envoy underscores the Kingdom's active role in regional diplomacy and cooperation. Such engagements reflect Saudi Arabia's leadership position in the Arab world and its commitment to fostering unity and collaboration among Arab states.
Regal Hotels Group, Cosmopolitan International Group, and the Ministry of Investment of Saudi Arabia (MISA) have signed a Memorandum of Understanding (MoU) ...
Saudi Arabia estimates financing needs of about 86 billion riyals ($22.93 billion) in 2024 under a borrowing plan approved by Finance Minister Mohammed Al ...
Saudi Arabia estimates financing needs of about $22.93 billion (86 billion riyals) in 2024 under a borrowing plan approved by Finance Minister Mohammed.
RIYADH: The Saudi finance minister has officially approved the Kingdom's annual borrowing plan for 2024, covering various financial aspects for the new year ...
Saudi Arabia estimates its 2024 financing needs at about 86 billion Saudi riyals ($22.9 billion), the statement added. The ministry said that by the end of 2024 ...
Saudi Arabia, a country known for its conservative culture and strict gender norms, has been undergoing a series of reforms in recent years to improve the ...
RIYADH, Jan. 4 (Xinhua) -- Saudi Arabia's Finance Minister Mohammed Al-Jadaan has approved the nation's 2024 Annual Borrowing Plan, aiming to manage the ...
JAKARTA: Indonesia is planning to cooperate with Saudi Arabia in the fields of martial arts, badminton and scouting, a minister told Arab News on Thursday, ...
These changes also mean foreign residents can now use exit and re-entry visas to return to the country until they expire.
RIYADH: Saudi Arabia led widespread condemnation on Thursday of suggestions by far-right extremist ministers in the Israeli government that Palestinians ...
Saudi Arabia rejected on Thursday statements made by Israeli ministers calling for the return of settlers to Gaza and the displacement of Gazans, stressing.
Israeli ministers' calls for Palestinians to be expelled from the Gaza Strip faced strong condemnations by Saudi Arabia and Qatar on...
RIYADH โ Saudi Arabia and a number of European nations on Thursday joined the United States in condemning comments by far-right Israeli officials calling ...
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CAIRO: Ahmed Aboul Gheit, secretary-general of the Arab League, met in Cairo on Thursday with Ambassador Abdulaziz bin Abdullah Al-Matar, the permanent ...
During November, Japan imported 77.89 million barrels of oil, of which 94.6 percent, or 73.68 million barrels was supplied by Arab countries. This was provided ...
In order to keep providing you with our global services and due to the dynamic market situation causing disruptions on global networks, Maersk is revising ...