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Folk Maritime shipping line receives first vessel at Jeddah Port
Saudi Arabia’s Folk Maritime shipping line welcomed its inaugural vessel, Sunset X, at the Jeddah Islamic Port, aiming to bolster the Kingdom’s logistics capabilities.
The ship’s arrival was marked by a ceremony acknowledging the crew’s…
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Saudi Arabia invites public input for law on dry gas and LPG distribution
A new law regulating gas distribution for residential and commercial purposes is open for public consultation as Saudi Arabia aims to ensure nationwide efficiency and safety.
Saudi Arabia’s Ministry of Energy has sought input from the…
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Ramadan festivities drive Saudi parcel delivery volume to over 18m
Saudi Arabia has seen over 18 million parcel deliveries completed by more than 70 licensed companies as of the 25th of Ramadan, according to recent data.
Figures released by the Transport General Authority indicate a 54 percent surge…
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Saudi Arabia’s premium residency visa opens market to expats and investors
New additions to the premium residency visa options by the Saudi government this year could open the Kingdom’s market to affluent expatriates and investors, a survey said.
According to the report released by real estate consultancy…
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‘Energy demand in the Kingdom is expected to keep increasing’
Japan’s Mitsubishi Power is committed to supporting Saudi Arabia’s growing demand for energy to help it achieve the prosperity outlined in Vision 2030, according to a top official.
Adel Al-Juraid, CEO of Mitsubishi Power in Saudi Arabia,…
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US fintech MoneyHash eyes Saudi’s booming market
Aiming to establish itself as a regional financial hub, Saudi Arabia has sent out a compelling invitation to startups worldwide.
The Kingdom’s push to enhance its fintech landscape has attracted the interest of MoneyHash, a US-based…
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Saudi non-profit sector registers 1.4% rise in boost to Vision 2030 goals
Non-profit organizations in Saudi Arabia grew by 72 in March, as the sector recorded a 1.4 percent rise over the month.
Official figures released by the National Center for Non-Profit Sector Development showed the number of bodies…
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Startup Wrap – Saudi Arabia captures nearly half of MENA’s Q1 funding
Saudi startups continue to demonstrate a pioneering stance by capturing almost half of the region’s total venture funding in the first quarter of the year, underscoring the Kingdom’s growing influence in the regional startup ecosystem.…
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Saudi Arabia witnessing unprecedented growth in asset management industry: CMA official
Asset management activity revenues of capital market institutions in Saudi Arabia reached SR4.2 billion ($1.12 billion) in 2023, representing a rise of 58.6 percent in four years.
According to Abdullah bin Ghannam, deputy for listed…
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Saudi Arabia invites bids for 6 new high-value mining opportunities
Saudi Arabia is offering new exploration licenses for gold, copper, zinc, lead, and silver ores, in a bid to secure both local and international investors to the mining sector.
The Ministry of Industry and Mineral Resources has invited…
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