The Kingdom of Saudi Arabia plans to start discussions with the United States on a possible agreement that focuses on cooperation in mining and mineral resources sectors, according to a statement issued by the Saudi Cabinet, which was reported by the Government News Agency on Tuesday. While the Cabinet’s announcement did not reveal the conditions … Read more
The International Monetary Fund (IMF) reduced its expectations for GDP growth in the Kingdom of Saudi Arabia in 2025, reducing this to 3 %, with a decrease from a previous estimate of 3.3 %. This review reflects the ongoing challenges of oil -dependent economies, as the International Monetary Fund also modifies its growth to the … Read more
grandmother: The best Iqbal, the Minister of Federal Planning, Development, and Special Initiatives, called for the Pakistani business community in the Kingdom of Saudi Arabia to take an active role in strengthening trade relations with the Kingdom. Speaking at a reception hosted by the Pakistani business community in Jeddah, he stressed that the deeper economic … Read more
ARAMCO Saudi Arabia has reduced crude oil prices for Asian buyers for the month of April, which represents the first price decrease in three months. The amendment is in line with the market expectations and follows OPEC+decision to gradually increase oil production, starting this month. According to an official statement, the official sale price (OSP) … Read more
The Federal Senator for Finance and Revenue left Senator Mohamed Uranzib to the Kingdom of Saudi Arabia on Saturday to participate in the Alla Ola Economics Conference for the Emerging Market Economics, which will be held on February 16-17. It is accompanied by Khuram Shahzad, Advisor to the Minister of Finance in economic and financial … Read more
Petroleum Minister Mosaddeq Malik said discussions with Saudi Arabia regarding the sale of shares in the Reko Diq mine are progressing positively, with the deal expected to be completed soon. Speaking about reports about the federal cabinet approving the sale of a 15% stake, Malik denied the allegations and termed them untrue. He added: “The … Read more
ISLAMABAD: The Federal Cabinet has approved the sale of a 15% stake in the Reko Diq project to Saudi Arabia for $540 million under the Intergovernmental Commercial Transactions Act. According to industry sources, the Federal Cabinet has now allowed the Saudi government to acquire the shares through a direct deal, and the move is seen … Read more
Riyadh: Saudi Arabia’s annual inflation rate continued to slowly accelerate, reaching 2% in November compared to 1.9% in October, according to government data released on Sunday, again driven by rising housing rents. The General Authority for Statistics said that housing rents rose by 10.8% during the month of November, with apartment rental prices rising by … Read more
Prominent Afghan director Roya Sadat, whose latest film “Sima Song” is participating in the Red Sea Film Festival in Saudi Arabia, denounced being denied entry to the Kingdom to screen the film, despite obtaining a Saudi visa. Sadat in an email to diverse, She said that she was scheduled to travel to Jeddah, the Saudi … Read more
Saudi Arabia is hosting the 2024 Indian Premier League (IPL) players’ auction in Jeddah, marking the kingdom’s first major foray into cricket. The two-day event is expected to see franchise teams spend upwards of Rs 600 crore ($71 million), adding to the Indian Premier League’s reputation as one of the most lucrative shows in sports. … Read more