SAUDI ARABIA – Page 2

September 24, 2023

Saudi Arabia’s Merchandise Exports Maintain Stability at $24.34 Billion in July, GASTAT Reports

Amidst the backdrop of global economic challenges, Saudi Arabia has demonstrated resilience in its trade performance, with the Kingdom’s overall merchandise exports remaining steady in July, reaching SR91.3 billion ($24.34 billion). This represents a marginal decrease of only 0.4 percent compared to the previous month, according to official data. The General Authority for Statistics (GASTAT) […]

by Swati Gupta

September 11, 2023

Saudi Arabia Explores Blockchain Gaming and Web3 to Drive Economic Diversification

Saudi Arabia is intensifying its efforts to diversify its economy, a central goal of its ambitious Vision 2030 initiative. As part of this strategy, the kingdom is embracing emerging technologies like blockchain and artificial intelligence (AI) and is tapping into thriving sectors such as gaming. While Saudi Arabia is yet to make a substantial global […]

by Swati Gupta

September 6, 2023

Saudi Arabia to Invest $25 Billion in Pakistan’s Key Sectors, Says Interim PM

In a significant development for Pakistan’s economic recovery, Saudi Arabia is set to invest up to $25 billion in the country over the next two to five years, according to Pakistan’s caretaker Prime Minister, Anwaar-ul-Haq Kakar. The investment is expected to cover various sectors, including mining, agriculture, and information technology, and is part of Pakistan’s […]

by Swati Gupta

July 28, 2023

Mall Walking: Saudi Arabia’s Thriving Fitness Trend for Health and Safety

In recent years, mall walking, also known as ‘mallercise,’ has emerged as a popular fitness trend in Saudi Arabia. The country’s malls, providing safe and comfortable spaces, have become havens for people seeking a convenient and cost-free alternative to traditional gyms, especially during the scorching summer months. With a growing number of individuals engaging in […]

by Swati Gupta

July 18, 2023

Saudi Arabia and Turkey have inked agreements encompassing energy, defense, and various other sectors.

by Swati Gupta

July 17, 2023

Saudi Arabia’s Robotics Commercial Records Surge by 52% in Q2, Reflecting Promising Sector Growth

he robot technologies sector in Saudi Arabia has witnessed remarkable growth, as indicated by a 52% increase in commercial records registered during the second quarter of 2023 compared to the same period in 2022.

by CEO Editorial Team

July 13, 2023

Locals.org Launches in UAE, Revolutionizing Real-Life Social Networking for Entrepreneurs

Locals.org, the rapidly growing “real-life” social networking platform for entrepreneurs and aspiring individuals, has officially launched in the United Arab Emirates (UAE) after securing $11 million USD in seed funding. With over 200,000 entrepreneurs already on board, Locals.org offers a unique platform for connecting like-minded individuals based on shared interests, whether for business networking, sports, […]

by CEO Editorial Team

July 13, 2023

Cop28 President Outlines Four Pillars for Ambitious Climate Action at Upcoming Summit in Dubai

Dr Sultan Al Jaber, the President-designate of Cop28 and Minister of Industry and Advanced Technology, unveiled a comprehensive plan based on four pillars aimed at driving significant progress in addressing climate change. Speaking at a climate meeting in Brussels, Dr Al Jaber emphasized the need for a “science-based, action-oriented” approach to disrupt business as usual […]

by CEO Editorial Team

July 13, 2023

Survey Reveals Positive Community Sports Trends in Abu Dhabi, but Room for Improvement

A recent emirate-wide survey conducted in Abu Dhabi has shed light on community sports trends, revealing that 37.3% of the 10,854 respondents met the physical activity recommendations and guidelines set by the World Health Organization (WHO). The WHO recommends at least 150 minutes of moderate-intensity or 75 minutes of vigorous-intensity physical activity per week.The Department […]

by CEO Editorial Team

July 13, 2023

UAE Disburses $1 Billion Loan to Pakistan as IMF Forecasts Increase in External Debt

The United Arab Emirates (UAE) has extended a fresh loan of $1 billion to Pakistan, providing a much-needed boost as the International Monetary Fund (IMF) projects a significant rise in Pakistan’s external debt to $136.5 billion by the end of the fiscal year. This loan comes after the reopening of blocked financing pipelines, signifying an […]

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