Browsing: Trade

Paris, June 3, 2026, SPA — Minister of Economy and Planning Faisal Alibrahim met today with Republic of Korea Minister for Trade Han-Koo Yeo to discuss ways to strengthen economic, trade, and investment cooperation, as well as the latest global economic developments, on the sidelines of the OECD Ministerial Council Meeting in Paris.

Arar, April 09, 2026, SPA — Throughout history, camels have been essential to the economy of Northern Borders Region, serving as key means of transportation and trade along desert routes connecting northern Arabian Peninsula with Iraq, the Levant, and Egypt. Notable historical markets such as Linah and Al-Mashahda facilitated trade by providing hubs for caravans that relied heavily on camels to transport goods. The Uqaylat caravans were among the most prominent, traversing overland routes through northern Saudi Arabia, including paths that connected to Iraq and the Levant. The village of Linah played a crucial role as a trading center,

11 March 2026 (Lima, Peru) – The International Air Transport Association (IATA) today released a report, showing air cargo’s vital role in sustaining global trade and supporting economic growth in 2025 amid severe trade policy uncertainty. Two key report findings are that: Air cargo enabled the frontloading of $157 billion US imports in the first quarter of 2025. Air cargo transported more than two thirds of global AI-related goods in 2025. These activities supported global trade growth of 2.4% in 2025—well above initial forecasts by the World Trade Organization. Global GDP also expanded by 3.2% despite significant po

RIYADH, Saudi Arabia, March 12, 2026: H.E. the Minister of Transport and Logistics Services and Chairman of the Board of the Saudi Ports Authority “Mawani”, Eng. Saleh bin Nasser Al‑Jasser, launched the Logistics Corridors Initiative in the presence of H.E. the Governor of the Zakat, Tax and Customs Authority (ZATCA), Eng. Suhail bin Mohammed Abanmi, and the President of Mawani, Eng. Suliman bin Khalid Al‑Mazroua, along with a number of officials from government entities and the logistics sector. The initiative aims to provide operational corridors dedicated to receive containers and cargo redirected from ports in the

Riyadh, January 21, 2026, SPA — Chairman of the Board of Directors of Riyadh Chamber Abdallah Al-Obeikan received a delegation from the Amman Chamber of Commerce, headed by its chairman, Khalil Mohammad Al-Haj Tawfiq. The reception was also attended by Jordan’s Ambassador to Saudi Arabia Dr. Haitham Abu Al-Foul, as well as Riyadh Chamber board members and prominent business figures. The meeting reviewed ways to enhance trade and investment cooperation between the business sectors of Saudi Arabia and Jordan. Discussions focused on mechanisms to develop bilateral trade and expand economic partnership, with an emphasis on leveraging avai

Rafha, January 09, 2026, SPA — Located 105 kilometers south of Rafha, the historic village of Laynah has emerged as a premier heritage destination, seamlessly blending rich historical roots with striking modern aesthetics. Laynah’s significance lies in its location along an ancient trade route connecting Najd with Iraq. It is also situated near Darb Zubaydah, one of the most renowned historical pilgrimage and trade routes in the Arabian Peninsula. In recent years, Laynah has undergone a remarkable urban and aesthetic revitalization. The development project has transformed the village’s squares and roadways into a living gal