Browsing: Saudi

Riyadh, April 27, 2026, SPA — The communications and technology ecosystem held an event to celebrate women who won global tech challenges, marking the International Girls in ICT Day. The recognition celebrated their achievements and Saudi women’s growing role in driving innovation and strengthening the presence of national talent in the technology sector. Governor of the Digital Government Authority (DGA) Ahmed Alsuwaiyan honored the winners during the event held at the headquarters of the Ministry of Communications and Information Technology. The event reflected the ongoing commitment to empowering women, enhancing their participat

Riyadh, Saudi Arabia / Dubai, UAE – April 27, 2026 – SHEIN®, one of the world’s leading online fashion and lifestyle retailers, strengthened its commitment to community engagement efforts in the Middle East during Ramadan 2026, delivering a series of impactful initiatives in Saudi Arabia and the UAE that reflected the company’s broader focus on kindness, connection, and giving. Under the theme “Ramadan in Every Gesture,” SHEIN rolled out a series of Ramadan and Eid al‑Fitr activations in both countries, reaching thousands of people and reinforcing values of kindness and community. SHEIN partnered with Dunia H

Riyadh, April 23, 2026, SPA — Saudi Arabia has secured top global rankings in the Global Entrepreneurship Monitor (GEM) 2025-2026 report, reflecting a highly competitive environment and reinforcing its position as a premier global hub for entrepreneurship. The Kingdom led all high-income economies in Entrepreneurial Finance, highlighting the efficiency of its financing tools for small and medium-sized enterprises (SMEs). Additionally, Saudi Arabia ranked third globally in the National Entrepreneurship Context Index (NECI), cementing its status as an elite destination for entrepreneurial investment and growth. Total early-stage Entrepre

Riyadh, April 23, 2026, SPA — Chairman of the General Entertainment Authority (GEA) Turki Alalshikh announced the premiere date of the Saudi edition of “Million Riyal Menu,” set to launch on April 28 via the MBC Shahid platform and MBC1 channel, with the support of Riyadh Season. He stated that the program represents the largest Saudi adaptation of the global format “Million Pound Menu,” produced jointly by the Saudi company BigHouse and IMP, in collaboration with Sony Pictures Television, reflecting a strong direction toward delivering content with world-class standards within the Kingdom. The program features

Riyadh, April 22, 2026, SPA — The Saudi Stock Exchange main index ended trading lower today, losing 99.97 points to close at 11,244.99 points. The total value of trading reached SAR4.9 billion, with 280 million shares traded. The Saudi Parallel Market Index (NOMU) ended higher, gaining 1.18 points to close at 22,861.47 points. Trading value on NOMU reached SAR15 million, with more than two million shares traded.

Riyadh, April 20, 2026, SPA — Saudi Venture Capital (SVC) announced its investment in Growth Catalyst Fund, a private equity fund managed by the CMA-licensed Growth Catalyst Investment Company. According to a press release issued by the SVC, the fund aims to invest in companies at the growth and expansion stage in Saudi Arabia and across the GCC, providing capital and operational expertise to support sustainable growth, enhance operational efficiency, and strengthen market competitiveness. It focuses on key sectors, including healthcare, education, consumer, defense industries, environment and renewable energy, as well as food and beverag

Riyadh, April 14, 2026, SPA — The Kingdom of Saudi Arabia has achieved a new global milestone by ranking first worldwide in the Digital Readiness Framework 2025 issued by the International Telecommunication Union (ITU). The Kingdom scored 94 out of 100 within the “Very High” category, advancing to first place globally, compared to 90 points and fourth place in the previous year. The Kingdom topped the global ranking, followed by Finland and Germany in second and third place with 93 points each, then the United Kingdom in fourth place with 92 points, Norway in fifth place with 91 points, and France in sixth place with 90 points

Islamabad, April 17, 2026, SPA — Saudi Arabia provided a grant to the Islamic Republic of Pakistan to support the “Green Pakistan” initiative, aimed at strengthening center pivot irrigation systems, improving agricultural productivity, creating job opportunities, preserving the environment, and enhancing food security, as part of efforts to advance cooperation in sustainable development. The Saudi delegation was headed by Assistant Deputy Minister for Agriculture Affairs Dr. Sulaiman AlKhateeb. The grant supports improving water-use efficiency, expanding irrigated land, increasing production quality and quantity, diversifying

Riyadh, April 16, 2026, SPA — The Saudi Central Bank (SAMA) licensed “Modern Integrated Solutions Financing” company to engage in buy-now-pay-later activity, bringing the total number of finance companies licensed by SAMA to 71 companies. This decision reflects SAMA’s endeavor to support the finance sector, enhance the efficiency of financial transactions, and promote innovative solutions for financial inclusion in Saudi Arabia. SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA’s website.

Riyadh, April 10, 2026, SPA — Saudi Arabia Railways (SAR) has launched five new logistics routes designed to enhance supply chain efficiency and integrate various transport modes. These routes link Arabian Gulf ports with the Kingdom’s central and northern regions, extending to the Red Sea and northern neighboring countries. By utilizing a multimodal network of road and rail, the initiative supports the National Transport and Logistics Strategy and Saudi Vision 2030 goals to establish the Kingdom as a global logistics hub. Managed through an integrated system, including the Riyadh Dry Port and key cargo yards in Dammam, Jubail, R