Category: Economy

What This Article Is About & Why It Matters This article highlights the May 13, 2025 signing of two major memoranda of understanding by the Arab Urban Development Institute (AUDI) in Riyadh. Under the patronage of Riyadh Mayor Prince Dr. Faisal bin Abdulaziz bin Ayyaf, the agreements with Metropolis and Fira de Barcelona aim to […]

What This Article Is About & Why It Matters This article highlights Saudi Arabia’s strategic delegation to China on May 12, 2025, led by Minister Abdulrahman Alfadley. Focused on environment, water, and agriculture, this visit represents a powerful step forward in expanding Saudi exports, enhancing food production collaboration, and building long-term bilateral partnerships that serve […]

What This Article Is About & Why It Matters This article highlights a high-level meeting on May 12, 2025, between Dr. Hussam Alangari, President of Saudi Arabia’s General Court of Audit (GCA), and Anthony Pugliese, President and CEO of the Institute of Internal Auditors (IIA). Their discussion, held during the 6th Internal Audit Forum in […]

What This Article Is About & Why It Matters This article covers the 6th Internal Audit Forum held on May 12, 2025, in Riyadh, organized by the General Court of Audit (GCA) and the Saudi Center for Financial and Performance Auditing (SCFPA). The event brought together over 550 government auditing leaders and introduced AI innovations, […]

What This Article Is About & Why It Matters This article outlines the Zakat, Tax and Customs Authority’s (ZATCA) announcement urging excise tax-registered businesses in Saudi Arabia to file their March and April returns by May 15, 2025. Timely filing avoids financial penalties and reinforces responsible business practices, aligning with Vision 2030’s goal of improving […]

What This Article Is About & Why It Matters This article previews Riyadh International Industry Week 2025, held from May 12–15, bringing together over 524 exhibitors from 20 countries. With more than 25,000 attendees expected, the event showcases global industrial innovation, supply chain excellence, and Saudi Arabia’s rapid progress in manufacturing and economic diversification—central to […]

What This Article Is About & Why It Matters This article highlights Saudi Arabia’s March 2025 Industrial Production Index (IPI) report released by the General Authority for Statistics (GASTAT). It reflects a 2.0% annual growth in overall industrial output, driven by strong performance in manufacturing and non-oil sectors. The article underscores Saudi Arabia’s Vision 2030 […]

What This Article Is About & Why It Matters This article covers Saudi Aramco’s Q1 2025 financial results, reflecting strong operational performance despite a slight dip in net income. The announcement also outlines key strategic moves in clean energy, global expansion, and dividend growth. It reflects Saudi Arabia’s Vision 2030 strategy to balance energy leadership […]

What This Article Is About & Why It Matters This article details Minister Bandar Alkhorayef’s official visit to Denmark on May 12, 2025, aimed at strengthening Saudi-Danish economic ties in key non-oil sectors including green energy, pharmaceuticals, food, and mining. The visit aligns with Vision 2030’s goals to diversify Saudi Arabia’s economy, attract global investments, […]

What This Article Is About & Why It Matters This article explores the recent diplomatic and development meeting between the Saudi Fund for Development (SFD) and President Julius Maada Bio of Sierra Leone on May 12, 2025. It highlights Saudi Arabia’s long-term development support in Africa, particularly in Sierra Leone, through infrastructure, healthcare, and agriculture […]