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China’s used vehicle exports rise exponentially
China has recorded a significant rise in the export of used cars over the last five years, a report in the People’s Daily Online showed.
According to the report, since the inception of a pilot program in 2019 aimed at exporting used…
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Number of registered nonprofit organizations in Saudi Arabia hits 4,656
The total number of registered nonprofit organizations in Saudi Arabia has reached 4,656 with the addition of 85 new firms in the sector in February, official data showed.
The National Center for Non-Profit Sector also revealed that the…
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RSG partners with Amazon Payment Services to introduce online transactions
Saudi tourist destinations, The Red Sea and AMAALA, will soon offer online transaction options through a recent partnership with Amazon Payment Services.
Initiated by its developer Red Sea Global, the deal aims to provide a comprehensive…
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Regional startup activity continues to rise ahead of LEAP24
Startup momentum in the Middle East and North Africa region is on the rise, with the eagerly awaited technology event LEAP24 just around the corner.
Regional venture capitals have replenished their funds and burgeoning enterprises have…
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Saudi Arabia takes bold strides toward greener future and carbon neutrality
Saudi Arabia has emerged as a key player when it comes to environmental responsibility, setting ambitious targets to mitigate greenhouse gas emissions via carbon credit offsets.
At the forefront of Saudi Arabia’s environmental…
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Saudi non-oil exports to GCC nations surge by 42% to hit $5.55bn
Saudi Arabia’s non-oil exports to Gulf Cooperation Council countries saw a 42 percent annual increase in the final three months of 2023, according to official data.
Information released by the Kingdom’s General Authority of Statistics…
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Saudi Aramco completes acquisition of 100% equity stake in Chile’s Esmax
Saudi Aramco successfully completed the acquisition of a 100 percent equity stake in Chile’s Esmax Distribucion, a leading diversified downstream fuels and lubricants retailer, it was announced on Friday.
Esmax has a national presence…
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Arab finance ministers discuss multilateralism, economic development at G20 meeting in Brazil
The meeting of G20 finance ministers and central bank governors that took place in Brazil on Feb. 28-29 could not be concluded with a joint statement as there was no consensus over the conflicts in Ukraine and Gaza.
But many of the…
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Saudi digital economy accounts for 14% of Kingdom’s GDP, new GASTAT analysis reveals
Saudi Arabia’s digital economy contributed 14 percent to the Kingdom’s gross domestic product, according to a first-of-its-kind survey conducted by the General Authority for Statistics.
The study, which was carried out in 2023 and covers…
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International investors, including from Saudi Arabia, eye lithium mining in Argentina
Lithium mining has become a central element in several countries’ strategy to transition from fossil fuels to renewable energy.
Saudi investors are aware of Argentina’s major role in this respect. Earlier this month, a delegation from…
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