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Saudi, UK foreign ministers discuss ties in Riyadh

Saudi Minister of State for Foreign Affairs Adel Al-Jubeir on Sunday received the UK minister of state for Middle East and North Africa, James Cleverly, in Riyadh. (SPA) During the meeting, the pair reviewed bilateral relations between the the Kingdom and the UK RIYADH: Saudi Minister of State for Foreign Affairs Adel Al-Jubeir on Sunday …

Al-Rajhi approves setting up ‘Science for All Society’

Human Resources and Social Development (MHRSD) Minister Eng. Ahmed Al-Rajhi has approved the setting up of the “Science for All Society”, which is deemed the first Saudi private society of its kind. RIYADH — Human Resources and Social Development (MHRSD) Minister Eng. Ahmed Al-Rajhi has approved the setting up of the “Science for All Society”, which …

COVID-19 vaccine a must for entering workplaces, commercial facilities from Aug. 1

RIYADH — People who are inoculated against COVID-19 with a vaccine approved in Saudi Arabia will only be allowed to enter any government or private establishment or commercial facilities across the Kingdom, starting from Aug. 1, 2021, according to an official source at the Ministry of Interior. In a statement on Tuesday carried by the Saudi …

Mandatory jabs for office-goers ‘will make workplaces safer’ in Saudi Arabia

Saudi ministry’s decision would facilitate herd immunity and reduce the number of cases, says expert RIYADH: The days of working from home may be numbered following a recent government decision making coronavirus vaccines mandatory for employees, with people telling Arab News that the move would curb the spread of COVID-19 and save lives. While some …

Saudi insurance sector grew 2.3% in 2020: SAMA

RIYADH — The insurance sector in Saudi Arabia grew 2.3 percent in 2030 with total written premiums reaching SR38.78 billion, according to the Saudi Central Bank (SAMA) 14th annual report on the Saudi insurance market, issued on Thursday. The report highlights the performance of the insurance sector in Saudi Arabia in 2020 and the sector’s contribution …

Non-oil quarterly budget revenues jump 39%

RIYADH — Saudi Arabia’s budget spending amounted to around SR212.2 billion while revenues accounted for SR204.76 billion during the first quarter of 2021, registering a slight deficit of SR7.44 billion. The Kingdom’s deficit in the first quarter was fully financed through borrowing. According to the latest report of the Ministry of Finance, non-oil revenues jumped by …

New Saudi planning and economy minister sworn in

RIYADH: Faisal bin Fadhel Al-Ibrahim, Saudi Arabia’s new planning and economy minister, was sworn in on Tuesday. He took the oath of office in front of King Salman during a virtual event. Al-Ibrahim, who was vice minister of economy, has previously worked at Saudi Aramco. Finance Minister Mohammed Al-Jadaan had overseen the ministry after its …

IMF: Saudi GDP to grow 2.1% in 2021, 4.8% in 2022

Minister of Finance Mohammed Al-Jadaan Ministry welcomes concluding statement of 2021 Article IV mission RIYADH — The Ministry of Finance welcomed the IMF statement issued at the conclusion of the staff mission for the Kingdom 2021 Article IV. The statement underscored the positive results of the Saudi economic reforms, projected continuation in the economic recovery, and …

Saudi Arabia to lift travel ban on May 17

Saudi Arabia will open its land, sea and air borders completely from Monday, May 17 (Shawwal 5), the Ministry of Interior announced on Sunday. RIYADH — Saudi Arabia will open its land, sea and air borders completely from Monday, May 17 (Shawwal 5), the Ministry of Interior announced on Sunday. The ministry said that all immunized …

56% growth in new mortgages’ value in March 2021 with SR17.5 billion: SAMA

RIYADH — The value of new residential mortgage loans for individuals during March 2021 reached an unprecedented record of SR17.5 billion, registering an annual growth of 56 percent, and the number of contracts recorded 32,440 contracts, a growth of 37 percent compared to 23,640 contracts worth SR11.2 billion in March 2020, according to the monthly report …