Saudi Arabia bans employers from charging domestic workers recruitment, permit fees

Saudi Arabia’s Ministry of Human Resources and Social Development has prohibited employers from charging any fees to domestic workers, including those related to recruitment, work permits, transfers of service or changes in profession. Employers...

UAE Fintech Giant Qashio Acquires Sanad Cash to Accelerate Saudi Expansion

Qashio, the UAE’s leading corporate spend management platform, acquired Sanad Cash, one of Saudi Arabia’s first and most established expense management solutions. This landmark deal marks a major milestone in Qashio’s growth into the Kingdom of...

Mongolia and Saudi Arabia Hold First Political Consultation in Riyadh

Ulaanbaatar, October 21, 2025 /MONTSAME/. The first Political Consultation between the Ministry of Foreign Affairs of Mongolia and the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia took place in Riyadh on October 20, 2025. During the...

Saudi Private Sector Boosts GDP Contribution to $613 Billion, Says Investment Minister

Significant Growth in Private Sector Contribution Saudi Arabia’s private sector is increasingly seen as a critical driver of the Kingdom’s economic diversification efforts. Minister of Investment Khalid Al Falih announced that the private sector’s...

Saudi Arabia Railways launches Supplier Development Initiative

Saudi Arabia Railways (SAR) has launched the Supplier Development Initiative during the second annual Saudi International Rail Exhibition and Conference, held at ROSHN Front in Riyadh. SAR Chief Executive Bashar AlMalik stated that the launch of...

Ghana and Saudi Arabia sign general cooperation agreement

Saudi Investment Minister: Private Sector Contribution to GDP Doubled in 10 Years

Saudi Minister of Investment Khalid Al-Falih underscored the vital and complementary role of the private sector in the national investment ecosystem, noting its significant contribution to Saudi Arabia's economic growth. The minister stated that...

Saudi Foreign Minister Receives Phone Call from UN Secretary-General

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call from the Secretary-General of the United Nations, Antonio Guterres, the Saudi Press Agency reported on Monday. During the call, the two officials...

Saudi Arabia, France Stress Importance of Alleviating Humanitarian Suffering in Gaza

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, received a phone call on Sunday from French President Emmanuel Macron. During the call, the leaders reviewed the ongoing cooperation between Saudi Arabia and...

Elissa to Perform Live in Saudi Arabia on October 24

Tue 21 Oct 2025 | 07:14 AM Lebanese superstar, Elissa will perform live at the Abu Bakr Salem Theater, in Riyadh, Saudi Arabia, on Friday, October 24. The evening will also feature a performance by fellow singer Wael Kfoury. The event is held as a...

Saudi Riyal edges up against Pak rupee today – 21 October 2025

KARACHI – Saudi Riyal has strengthened against Pakistani rupee in open market on Tuesday. The buying rate of Saudi Riyal stood at Rs75.45 However, the selling rate hovered at Rs76.1. The SAR to PKR exchange rate holds great significance for...

Acwa Power achieves $2.9bn financial close for Saudi CCGT plant

Leading global utility project developer Acwa Power has announced that one of its key affiliates - Hajar Two Electricity Company - has achieved a SAR10.8 billion ($2.9 billion) financial close for the Qurayyah CCGT IPP Expansion Project located in...

Saudi Arabia and China hail Pak-Afghan truce

Published on: October 21, 2025 7:23 AM Saudi Arabia on Monday welcomed an agreement between Pakistan and Afghanistan on an immediate ceasefire after a week of fierce border clashes, the worst violence between the South Asian neighbours since the...

Saudi: Takween to create over $173mln Sukuk program

Riyadh: Takween Advanced Industries Company decided, on 19 October 2025, to establish SAR-denominated Sukuk programs, compliant with Islamic Shariah principles. Takween appointed Sukuk Financial Company as the financial advisor for the Sukuk...

S. Korea, Saudi Arabia discuss expanding defense, arms industry cooperation

SEOUL, Oct. 21 (Yonhap) -- Vice Defense Minister Lee Doo-hee met with his Saudi counterpart Tuesday to discuss ways to expand bilateral cooperation in defense and the arms manufacturing industry, officials said. The meeting with Gen. Fayyadh bin...

Saudi's Salic, Syngenta in deal to boost global food security

Saudi Agricultural and Livestock Investment Company (Salic), a wholly-owned unit of Saudi PIF, and global agri-tech leader Syngenta Crop Protection AG (Syngenta), have signed a Letter of Intent (LOI) to combine their expertise to create a...

Saudi: Al Rajhi Bank’s assets hike 17.5% in 9M-25

Riyadh: Al Rajhi Bank registered net profits amounting to SAR 18.41 billion in the first nine months (9M) of 2025, up 29.64% year-on-year (YoY) from SAR 14.20 billion. The assets grew by 17.35% to SAR 1.05 trillion in 9M-25 from SAR 902.57 billion...

Saudi crown prince to visit US seeking similar defence pact to Qatar: Report

Saudi Arabia's Crown Prince Mohammed bin Salman is headed to the White House next month to meet with the very same man he came to see on his last trip in 2018, US President Donald Trump. The Financial Times is reporting that the crown prince is...

Saudi: Riyad Bank’s profits jump to over $2bln in 9M-25

Riyadh: The net profits of Riyad Bank rose by 9.98% year-on-year (YoY) to SAR 7.77 billion in the first nine months (9M) of 2025 from SAR 7.06 billion. Earnings per share (EPS) edged up to SAR 2.46 in 9M-25 from SAR 2.27 in 9M-24, according to the...

Saudi: Ayyan Investment’s revenues leap 1,260% in Q3-25

Riyadh: Ayyan Investment Company turned into profitability at SAR 468.43 million in the first nine months (9M) of 2025, against net losses of SAR 138.81 million in 9M-24. Revenues hiked by 546.30% year-on-year (YoY) to SAR 125.64 million as of 30...