A moderate earthquake struck the Hail region on Friday, with its epicenter located at a depth of 5.86 kilometers, approximately 107 kilometers away from Hail city. According to Tariq Abu Al-Khail, spokesperson for the Saudi Geological Survey (SGS), the earthquake was caused by tectonic stresses and the movement of volcanic magma beneath the Hetima Harra, […]
The Sharjah Airport Authority (SAA) and Air Arabia have announced the introduction of direct flights from Sharjah to Athens, the Greek capital. The first flight on this new route took off earlier this week from Sharjah Airport to Athens International Airport. This development is expected to boost travel and tourism between the two cities. The […]
The UK-Saudi Sports Investment and Innovation Forum has shed light on the burgeoning Saudi sports market, which is expected to reach a staggering SR84 billion ($22.38 billion) by 2030. This remarkable growth is driven by the ambitious Vision 2030 initiatives, positioning Saudi Arabia as a premier global destination for sports and esports investments. The forum […]
Saudi Arabia has reported a historic trade surplus of SAR41.411 billion ($11.03 billion) in April 2024, marking a significant 36% increase from the previous year’s surplus of SAR30.443 billion ($8.1 billion), according to data released by the General Authority for Statistics (GASTAT). This surplus reflects the Kingdom’s robust trade performance amidst global economic dynamics. The […]
Bahrain has reaffirmed its global leadership in the information and communications technology (ICT) sector by securing the fifth position worldwide in the 2024 ICT Development Index (IDI), as published by the International Telecommunication Union (ITU). This marks the second consecutive year that Bahrain has achieved this distinction, ranking third among Arab nations. The ITU’s IDI […]
Kuwait’s wealth fund, managing over $800 billion in government assets, is set to open an office in Saudi Arabia to enhance ties between the OPEC-member states. The Kuwait Investment Authority (KIA) board decided to establish a representative office in Saudi Arabia to “contribute to enhancing trade and investment exchange” between the two nations, stated KIA […]
Saudi Arabia has reached the midpoint in its journey towards Vision 2030, announced Faisal Al Ibrahim, the Saudi Minister of Economy and Planning, during a dialogue session in Dalian, China, as reported by Saudi financial news portal Argaam.com. Speaking at the annual meeting of the New Champions Dalian 2024, an initiative of the World Economic […]
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