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New Electrical Transmission Line Connects Afar, Saudi Arabia to Yusufiya, Iraq

DUBAI: Aiming to step up energy security and usher in a new era in regional cooperation, Prince Saud bin Nayef bin Abdulaziz, the governor of the Eastern Province, inaugurated an electrical interconnection project between the Gulf Cooperation Council Interconnection Authority and Iraq. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said the connection was a dream turned reality, in an interview with Al-Arabiya. He said this landmark deal could achieve tangible economic benefits and enhance energy security.
News

“Top 5 Model Nations for Arab Youth: Saudi Arabia Ranks High – 15th ASDA’A BCW Survey”

DUBAI: Arab youth across the Middle East and North Africa (MENA) now say Saudi Arabia is one of the five countries in the world they would most like their own nation to be like, according to the 15th annual ASDA’A BCW Arab Youth Survey. The ASDA’A BCW Arab Youth Survey, the largest study of its kind, surveyed youth — men and women aged 18 to 24 — across the Middle East, adding South Sudan this year, on their views, hopes and fears.
Business

Saudi Arabia’s Food Industry Attracts $61.8 Million in Investments

RIYADH: Chocolate, yogurt and fish production in Saudi Arabia will increase after investment deals worth SR232 million ($61.8 million) were signed by the Saudi Authority for Industrial Cities and Technology Zones. The organization, also known as MODON, has awarded seven contracts covering 99,400 sq. meters which will primarily benefit the Kingdom’s food and beverage sector.
sport

Abdullah Al-Qahtani to Make Professional Fighters League Debut in Atlanta, Saudi Arabia

On Friday night Abdullah Al-Qahtani will step into the ring in Atlanta proudly wearing Saudi Arabia’s colors on the international stage, in the most high-profile bout of his career. The 24-year-old fighter from Riyadh will take on Lamar Brown of the US at the Overtime Elite Arena in the Featherweight category of Professional Fighters League, which is second only to Ultimate Fighting Championship in popularity among mixed martial arts fans globally.
Business

Saudi Arabia’s Financial Market Ranks 3rd in G20 Competitiveness Indicators

RIYADH: Saudi Arabia’s financial market has advanced seven places to the third position in the competitiveness indicators among G20 nations this year, revealed Switzerland-based International Institute for Management Development in its latest report. According to the IMD World Competitiveness Yearbook for 2023, the Kingdom’s performance epitomizes the ongoing efforts of the Capital Market Authority to implement global best practices. 
Business

“April imports to Saudi Arabia decrease by 16.1% to $15.4bn”

RIYADH: Saudi Arabia’s merchandise imports decreased 16.1 percent to SR57.9 billion ($15.4 billion) in April 2023 compared to SR69 billion in March 2023, according to the latest data released by the General Authority for Statistics.  However, the Kingdom’s merchandise imports increased by 1 percent in April 2023 compared to SR57.3 million in April 2022. According to the report, overall merchandise exports decreased 25.2 percent to SR103 billion in April 2023 compared to SR137.7 billion in the same month last year.
Business

Shell to operate gas stations in Saudi Arabia.

RIYADH: Riyadh is set to have its first Shell-branded fuel station later this year after the British energy firm signed an agreement with Asyad Holding Group, as part of the Saudi Energy Ministry’s efforts to bring international companies into the Kingdom. The agreement will pave the way for Shell International to open its fuel stations in the fourth quarter of this year, the ministry said in a press release. 
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