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Tourism Development Fund (TDF), Saudi Arabia’s fund for tourism development, has agreed with investment solutions firm Derayah Financial to establish a SR100 million ($26 million) private close-ended equity fund – first private equity fund focused on tourism, reports say. The Read more
The kingdom of Saudi Arabia will, from end of December, fill job positions in three sectors with local skills in a move to create to 10,000 jobs, reports say. The sectors include customs clearance, driving schools, and engineering technical professions, Read more
Gulf Cooperation Council (GCC) leaders have reiterated their unwavering support to Morocco’s territorial integrity and sovereignty over its entire Sahara territory. In their joint statement issued Tuesday following the 42nd Session of the GCC Supreme Council held in Riyadh, the Read more
Saudi Arabia is expecting a surplus of $24 billion (SR90 billion) from 2022 budget; first time since 2013, reports say. A cabinet statement has indicated that the Gulf country will achieve a total revenue for 2022 of SR1.05 trillion, while Read more
The Royal Saudi Air Force (RSAF) and the US Air Force launched a bilateral exercise, Arab News reports, citing the Saudi Defense Ministry. The exercise dubbed ACE, was launched at King Faisal Air Base in the Northern Sector and King Read more
Saudi and Omani companies have signed 13 memoranda of understanding in Muscat worth $30 billion, the official Saudi press agency SPA reported on Tuesday. These trade agreements which aim to diversify the economies of the two countries cover several cooperation Read more
The kingdom of Saudi Arabia will host in February 2022, the largest technology event ever, LEAP, with global experts expected in the attendance. Set to take in Riyadh Feb.1-3, LEAP according to organizers, is set to become a global platform Read more
The Saudi Ports Authority (Mawani) has entered an agreement with Cruise Saudi and Globe Group to build a new cruise terminal at King Abdulaziz Port in Dammam, as well as to develop four berths at King Abdulaziz Port in Dammam Read more
King Salman has approved the country’s plans to grant citizenship to foreign nationals with specialized skills in a number of professions in line with vision 2030. The areas where skillful nationals needed include the legal, medical, scientific, cultural, sport and Read more
Saudi Arabia’s Real Estate Development Fund (REDF) launched Sunday Tatweer program in view of support real estate developers to increase the supply of housing units to meet the market demand and contribute to achieving the target of Saudi Vision 2030, Read more