Azerbaijan’s Minister of Economy Mikayil Jabbarov has proposed the establishment by Azerbaijan and Saudi Arabia of a joint sovereign investment fund that will boost investment in priority sectors of the economies and in third-party projects.

The prop…

ROSHN Group announced today in a release the acquisition of joint credit facilities amounting to SAR9 billion (approximately $2.4 billion) from a group of banks.

The revolving credit lines will be available to ROSHN over the next five years to suppo…

SAMI Advanced Electronics Company (SAMI-AEC), a leader in innovative solutions and a subsidiary of the Saudi Arabian Military Industries (SAMI), has reached a licensing agreement with Saudi Aramco Technologies Company (SATC), a wholly owned subsidiary…

As one of the world’s top coffee-consuming countries, Saudi Arabia actively marks the International Coffee Day, and takes immense pride in its rich coffee culture.

This day, observed annually on October 1, is marked by various events, initiatives, an…

The Earth will witness tomorrow an annular solar eclipse that will last for six hours and four minutes, from 6:42 pm to 12:46 am Saudi time.

The eclipse, however, will not be visible in the skies of Saudi Arabia or the Arab world.

Jeddah Astronomy S…

The General Directorate of Public Security has revealed three new initiatives taken under the Quality of Life Program, one of the key programs of the Saudi Vision 2030, launched yesterday by Minister of Interior Prince Abdulaziz bin Saud bin Naif bin …

Trade relations between the Kingdom of Saudi Arabia and the US continued to demonstrate flexibility and diversity in 2023, its total volume valued at $29.7 billion (SAR112 billion), according to a report issued by the US-Saudi Business Council.

Saudi…