Browsing Category
Saudi Arabia
Palestine supports Saudi Arabia’s bid to host World Expo 2030
Palestine has affirmed its support for Saudi Arabia’s bid to host World Expo 2030 in Riyadh, which has received widespread global backing.
Saudi Foreign Affairs Minister Prince Faisal bin Farhan thanked his Palestinian counterpart Riyad…
Bank of China to start operations in Riyadh this year
In yet another sign of increasing cooperation between the world’s second-largest economy and the Arab world, the Bank of China is set to open its first branch in Riyadh later in 2023, reported Asharq.
It quoted Jun Tian, head of the team…
US, Saudi Arabia condemn return to violence in Sudan
The US and Saudi Arabia on Sunday urged the warring parties in Sudan to get their acts together after fighting resumed upon the expiration of a 24-hour cease-fire.
In a joint statement, the partners condemned the resumption of violence,…
Saudi crown prince, US state secretary discuss cooperation
Saudi Arabia’s Crown Prince Mohammed bin Salman met with US Secretary of State Antony Blinken in Jeddah, the Saudi Press Agency reported early Wednesday.
The pair discussed ways to enhance cooperation and bilateral relations in various…
Saudi Real Estate Fund signs deals worth $3.64bn to boost housing market
Aiming to boost Saudi Arabia’s housing market, the Kingdom’s Real Estate Development Fund inked finance agreements worth SR13.7 billion ($3.64 billion) in the first quarter of 2023.
The deals sought to offer housing benefits to 21,000…
Bangladeshi women praise Saudi ‘special care’ for Hajj pilgrims
Bangladeshi women pilgrims have lauded Hajj operations in Saudi Arabia, describing their experience so far as smooth while thanking authorities in the Kingdom for treating them with care and kindness.
Bangladesh is sending about 125,000…
Saudi banking sector growth driven by mortgages: report
Saudi Arabia’s banking sector has experienced rapid growth over the past few years, primarily driven by mortgages and thanks to continued government support, according to a new report from S&P Global Ratings.
The US-based agency…
Saudi banks’ profits surge 3.4% in April to $1.55bn
The aggregate profit of banks operating in Saudi Arabia increased by 3.4 percent year on year in April to reach SR5.78 billion ($1.55 billion), according to the latest figures released by the Saudi Central Bank, also known as SAMA.
The…
Saudi Arabia restores diplomatic relations with Canada
Saudi Arabia’s foreign ministry announced on Wednesday that it is restoring diplomatic relations with Canada.
The decision comes after a discussion between Saudi Crown Prince Mohammed bin Salman and Canadian Prime Minister Justin Trudeau…
Iran appoints Alireza Enayati as top envoy to Saudi Arabia
Iran has appointed Alireza Enayati as its ambassador to Saudi Arabia, Iran’s Mizan news agency reported on Monday, following a China-brokered deal in April between Tehran and Riyadh that ended years of political rift between the two…