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Payout rate set at 5.64% as subscription for first individual savings product Sah begins
Saudi Arabia started subscription to the first Shariah-compliant, government-backed savings product for individuals namely Sah on Sunday Feb. 4. The payout rate for the first issue is determined at 5.64 percent, […]
Defense minister opens World Defense Show 2024 in Riyadh
On behalf of Crown Prince and Prime Minister Mohammed bin Salman, Minister of Defense Prince Khalid bin Salman inaugurated the second edition of the World Defense Show 2024 in Riyadh on […]
Boeing, Bahri in deal to boost Saudi supply chain activities
Global aerospace giant Boeing’s Saudi unit has signed a strategic agreement with a major business unit of Bahri, a global leader in logistics and transportation, that will see the duo […]
Solutions by stc completes acquisition of Devoteam Middle East
Solutions by stc, the enabler of digital transformation in Saudi Arabia and the region, has completed the acquisition of 40 percent of Devoteam Middle East, a subsidiary of the globally […]
Saudi Arabia approves $27mn to counter terrorism
Minister of Defense Prince Khalid bin Salman bin Abdulaziz , who also serves as the Chairman of the Council of Defense Ministers of the member states of the Islamic Military […]
Saudi Arabia pledges SR100 million to fight terrorism
Prince Khalid bin Salman, minister of defense and chairman of the Council of Defense Ministers of the Islamic Military Counter Terrorism Coalition (IMCTC), announced Saudi Arabia’s commitment of SR100 million […]
India Middle East Europe corridor a game changer, says minister
The mega India Middle East Europe economic corridor (IMEC) covering the UAE, Saudi Arabia, US, France, Germany, Italy and the EU, will be a strategic and economic game changer for […]
Saudi Arabia launches ‘GenAI for All’ initiative at DCO event
Saudi Arabia has launched a key initiative for the Digital Cooperation Organization (DCO) members – including Bahrain, Kuwait, Cyprus, Djibouti, Gambia and Morocco – that will support their research and […]
PIF launches new firm to boost Saudi sustainable tech sector
Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) has launched its new entity ‘Alat’ aimed at creating a national champion that will contribute to the aim of making the […]
SAMA Governor & ECB President discuss developments in central banking
Saudi Central Bank (SAMA) Governor Ayman Al-Sayari has received European Central Bank (ECB) President Christine Lagarde at SAMA headquarters in Riyadh. During the meeting, the two sides discussed the recent […]