Government | Thursday 2 November, 2017 12:05 am

Kingdom, Ukraine sign MoUs cooperation program

Custodian of the Two Holy Mosques King Salman and Ukrainian President Petro Poroshenko oversaw here on Wednesday the signing of two MoUs and a cooperation program between the governments of the Kingdom and Ukraine. An MoU was signed for investment cooperation in the field of agriculture. Another...

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Government | Wednesday 1 November, 2017 12:33 am

King orders setting up of National Cyber Security Authority

Custodian of the Two Holy Mosques King Salman issued a decree on Tuesday to set up the National Cyber Security Authority. Minister of State and Member of the Cabinet Dr. Musaed Al-Aiban has been appointed as chairman of the board of directors of the authority. The authority will be directly...

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Government | Sunday 29 October, 2017 7:08 am

‘Ankara, Riyadh poised for greater cooperation’

Relations between Saudi Arabia and Turkey have witnessed a rapid qualitative and quantitative improvement and are poised for major intensification in near future because the two countries today stand as “main pillars for regional stability,” said Turkish Ambassador Yunus...

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Government | Thursday 26 October, 2017 6:42 am

Crown Prince meets US treasury secretary

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, met US Treasury Secretary Steven Mnuchin on the sidelines of the Future Investment Initiative (FII) sessions in Riyadh on Wednesday. During the meeting, they discussed major economic issues between the Kingdom and the...

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Government | Thursday 26 October, 2017 4:00 am

SoftBank books $3 billion in first 5 months of partnership with Saudi PIF

Masayoshi Son, the partner of Saudi Arabia’s Public Investment Fund, revealed that his Vision Fund has made a return of 22 percent in its first five months of operation and turned in a profit of $3 billion. Now he is ready to launch similar funds in the near future. Son, also founder...

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Government | Wednesday 25 October, 2017 6:18 am

$500bn special zone unveiled

Crown Prince Muhammad Bin Salman, deputy premier, minister of defense and chairman of the Public Investment Fund (PIF), announced on Tuesday a $500 billion plan to create the world’s first independent special zone stretching over three countries.   The 26,500 square km (10,230...

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Government | Tuesday 24 October, 2017 1:46 am

Work visa validity reduced to one year

The validity of employment visas issued by the Ministry of Labor and Social Development (MLSD) for the private sector firms has been reduced from two years to one year. But this will not be applicable to visas issued for government services as well as for domestic workers, according to an...

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Government | Sunday 22 October, 2017 3:33 am

Baghdad trade fair strengthens Saudi-Iraqi economic ties

Saudi Arabia showcased its strong participation at the 44th Baghdad International Fair on Saturday. Saudi Energy Minister Khalid Al-Falih and Iraqi Trade Minister Salman Al-Jumaili were among prominent figures at the inauguration of the fair running from Oct. 21 to 30 in which 18 countries and ...

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Government | Sunday 22 October, 2017 2:58 am

60 Saudi firms participate in Baghdad trade fair

Under the title “We liberated our land and with your cooperation we will build it,” Iraqi Trade Minister, Salman Al-Jumaili, launched the 44th Baghdad International Fair running from 21-30 October with Saudi Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih, attending. ...

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Government | Saturday 21 October, 2017 12:44 am

Crown Prince donates SR5m for Hail charities

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, has donated SR5 million from his own account to charitable societies in Hail region. This was in supplement to the support being provided to charitable societies within the Project of Prince Muhammad Bin Salman for...

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