BEIJING — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan held extensive talks with Chinese Minister of Foreign Affairs Wang Yi at the Diaoyutai State Guesthouse in Beijing on Tuesday. During the meeting, they reviewed the strategic relations between the two countries and ways to further strengthen bilateral cooperation across various fields, serving common interests. The ministers discussed the latest regional and international developments. They exchanged views on issues of mutual interest, foremost among them developments in the region, as well as efforts to de-escalate tensions and enhance security and stability. They emphasized the importance of ensuring maritime navigation…
Author: Editorial Team
JEDDAH — Saudi Minister of Defense Prince Khalid bin Salman met with Minister of Defense and National Service of Maldives Hassan Rasheed in Jeddah on Tuesday. During the meeting, they reviewed bilateral relations and defense cooperation between the two countries. They discussed the latest regional and international developments and efforts to enhance security and stability in the region. A number of topics of mutual interest were also figured in their talks. Source: Saudi Gazette
As one of the world’s leading 5G markets, Saudi Arabia is far beyond keeping pace with digital development. It is setting an example. The Kingdom was among the first countries to launch 5G, and today it operates some of the fastest mobile networks anywhere in the world. Behind those numbers sits a deeper story about a nation determined to connect its people and its businesses to whatever comes next. This is what it looks like when a country decides to build the future. And the future is arriving quickly. Artificial intelligence is moving out of centralized data centers and into…
KUWAIT — Kuwait’s Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah received Saudi Minister of State and Member of the Cabinet Prince Turki bin Mohammed bin Fahd and his accompanying delegation at Bayan Palace on Tuesday. During their separate meetings, Prince Turki conveyed the greetings of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman to the emir and the crown prince. In turn, the emir and the crown prince extended their greetings and appreciation to King Salman and the Crown Prince, wishing them continued good…
MAKKAH — The Saudi Ministry of Hajj and Umrah announced the departure of the last group of pilgrims, marking the conclusion of the 2026 Hajj season. Pilgrims were supported by an integrated system of services from their arrival in Saudi Arabia until their departure through the Kingdom’s land, sea, and airports, enabling them to perform their rituals in ease and comfort. The ministry said the Hajj season was supported by the Saudi government’s continued commitment to serving pilgrims and enhancing the quality of services provided to them. The ministry also highlighted the coordinated efforts of government and service entities under…
American Express Middle East (AEME) further expands its strategic partnership with Network International (Network), a leading fintech company in the Middle East and Africa, with an agreement to help small and medium-sized businesses (SME) in the UAE to welcome loyal and high-spending American Express Card Members. This collaboration will expand American Express Card acceptance to over 85,000 new locations across the UAE. The agreement makes Network the first fintech to work with American Express Middle East on its strategic approach to expand the number of in-store and online locations across the UAE. Through this collaboration, local and international American Express…
RIYADH — The General Authority for Statistics revealed on Tuesday that net foreign direct investment (FDI) inflows into Saudi Arabia declined by 2.4 percent year-on-year during the first quarter of this year, reaching SR 23.1 billion, compared with SR23.7 billion in the same quarter of 2025. The authority added that net inflows also fell by 51.9 percent compared with the fourth quarter of 2025, when they reached SR48 billion. Meanwhile, statistical data showed positive growth in total foreign direct investment (FDI) inflows into the Saudi economy during the first quarter of 2026, which rose to SR26.6 billion, marking a 2.4…
RIYADH — The Public Investment Fund’s consolidated net profit surged by 152 percent in 2025, reaching SR65.1 billion, compared with SR25.8 billion in the previous year. The strong growth was driven by higher revenues, improved overall operational performance, lower administrative expenses, and a stronger contribution from associated companies to profits. The fund’s consolidated financial statements, published on the London Stock Exchange on Tuesday, showed that net profit attributable to shareholders of the parent company also rose sharply to SR46.4 billion, compared with SR11.2 billion in the previous year—nearly four times its earlier level. This reflects the improved efficiency of the…
(R) Dr. Moataz BinAli, Chief Executive Officer of Magna AI. Magna AI, Inc., the global integrated-value-chain sovereign AI transformation leader established through a partnership between Trend Micro and Wistron Digital Technology Holding Company (WDH), powered by NVIDIA, recently announced a strategic collaboration with Emaar Executive Company (EEC), a Saudi-based company specialising in data center construction, Engineering, Procurement and Construction (EPC), systems integration, and infrastructure services. The agreement is designed to support the planning, development, and delivery of sovereign AI data centers, AI Factory infrastructure, secure AI platforms, and large-scale AI transformation programs across Saudi Arabia, with the potential to extend…
Data Ce Source: Riyadh Daily