Category: Economy

What This Article Is About & Why It Matters This article covers the Islamic Development Bank (IsDB) Group Business Forum (THIQAH)’s signing of two strategic agreements in Algiers on May 23, 2025. By partnering with Algeria’s Chamber of Commerce and Industry (CACI) and the Arab African Center for Investment and Development (CAAID), THIQAH is advancing […]

What This Article Is About & Why It Matters This article spotlights Saudi Arabia’s continued global economic rise, as Minister of Economy and Planning Faisal Alibrahim addressed the Saudi-Spanish Business Forum on May 23, 2025. He highlighted Saudi Arabia’s record non-oil GDP growth and invited Spain to expand its investments in the Kingdom. This reflects […]

What This Article Is About & Why It Matters This article highlights a major step in Saudi Arabia’s digital transformation journey: the Ministry of Commerce is encouraging all eligible business owners to update their commercial registration online. As of May 23, 2025, this service—offered through the Saudi Business Center—makes accessing the Kingdom’s full suite of […]

What This Article Is About & Why It Matters This article explores Qassim Region’s growing role in Saudi Arabia’s aquaculture sector, highlighting how fish farming contributes to food security, sustainable agriculture, and economic diversification. As of May 23, 2025, Qassim produces nearly one-third of the Kingdom’s inland aquaculture—aligning directly with Vision 2030’s goals to ensure […]

What This Article Is About & Why It Matters This article reports on the May 23, 2025 diplomatic and economic engagement between Saudi Arabia and Kyrgyzstan. A delegation led by the Chairman of the Federation of Saudi Chambers met with Kyrgyz President Sadyr Zhaparov in Bishkek, strengthening bilateral investment ties and exploring collaboration in sectors […]

What This Article Is About & Why It Matters This article highlights a milestone event hosted in Riyadh on May 23, 2025, where the National Competitiveness Center (NCC) and UNCITRAL gathered experts to explore the future of alternative dispute resolution (ADR) in a digital era. By promoting modern international trade laws, this initiative strengthens Saudi […]

What This Article Is About & Why It Matters This article highlights Saudi Arabia’s continued excellence in digital innovation, with Monsha’at earning four awards at the Smarties MENA 2024 in Dubai. The recognition reflects the Kingdom’s leadership in AI-driven marketing and its Vision 2030 commitment to empowering small and medium enterprises (SMEs) as vital contributors […]

What This Article Is About & Why It Matters This article highlights Saudi Aramco’s groundbreaking achievement on May 23, 2025, with the world’s first use of an iron-vanadium flow battery for gas production operations. This innovation, deployed in Wa’ad Al Shamal, reflects the Kingdom’s Vision 2030 push for renewable energy, technological leadership, and global energy […]

What This Article Is About & Why It Matters This article covers the Saudi-Spanish Business Forum held on May 23, 2025, in Riyadh, where both nations strengthened their economic partnership. With over 300 investors and officials, the forum emphasized investment growth, non-oil diversification, and joint ventures in key sectors like renewable energy, AI, and tourism. […]

What This Article Is About & Why It Matters This article highlights Saudi Arabia’s drive to diversify its economy through sustainable honey production in the Northern Borders Region, particularly Arar. As of May 23, 2025, the region’s natural ecosystem and government support are fostering local industry growth, aligning directly with Vision 2030’s goals for non-oil […]