Category: Economy

What This Article Is About & Why It Matters This article covers a major energy policy update from Saudi Arabia and seven OPEC+ nations who met virtually on May 3, 2025, to review oil market conditions. The group confirmed a gradual production increase of 411,000 barrels per day in June, reflecting strong market fundamentals and […]

What This Article Is About & Why It Matters This article celebrates the start of the olive flowering season in Al-Jouf Region, a vital agricultural zone in northern Saudi Arabia. Known for its flourishing olive farms, Al-Jouf contributes more than two-thirds of the Kingdom’s olive oil production. The bloom signals a promising harvest for 2025 […]

What This Article Is About & Why It Matters This article explores Saudi Arabia’s deepening industrial and mining diplomacy with Peru, as Minister Bandar Alkhorayef met with Peru’s Energy and Mines Minister Jorge Cornejo and Foreign Affairs Minister Elmer Schialer on May 4, 2025. The meeting is part of Saudi Arabia’s bold push to expand […]

What This Article Is About & Why It Matters This article highlights a key diplomatic and economic engagement between Saudi Arabia and Central Asian nations, as the Federation of Saudi Chambers (FSC) received ambassadors from Kazakhstan, Kyrgyzstan, and Tajikistan on May 4, 2025. The meeting focused on expanding economic cooperation, unlocking investment opportunities, and paving […]

What This Article Is About & Why It Matters This article explores Saudi Arabia’s bold move to modernize its economic measurements through a comprehensive GDP update by the General Authority for Statistics (GASTAT). Announced by Minister of Economy and Planning Faisal Alibrahim on May 4, 2025, this update reflects Saudi Arabia’s drive toward accurate, transparent, […]

What This Article Is About & Why It Matters This article spotlights Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) and its game-changing Fines Cancellation and Penalty Exemption Initiative, effective until June 30, 2025. This national effort helps taxpayers clear obligations, encourages transparency, and reflects Vision 2030’s goals of economic ease, trust, and citizen empowerment. […]

What This Article Is About & Why It Matters This article spotlights the Digital Government Authority (DGA) Governor Ahmed Alsuwaiyan’s recent visit to the United States, where he held high-level meetings with UN officials, technology companies, and global institutions. This mission reinforces Saudi Arabia’s leadership in digital governance, fosters global tech partnerships, and reflects Vision […]

What This Article Is About & Why It Matters This article details the completion of Kidana Development Company’s new commercial rental unit project in Mina and Muzdalifah, finalized ahead of the 1446 AH Hajj season. The initiative offers pilgrims improved services while inviting investors to join a modernized commercial ecosystem in the Holy Sites, advancing […]

What This Article Is About & Why It MattersThis article highlights a new memorandum of understanding (MoU) signed on May 2, 2025, between Saudi Arabia’s National Center for the Development of the Non-Profit Sector (NCNP) and the Asian Venture Philanthropy Network (AVPN). The agreement aims to strengthen Saudi Arabia’s non-profit ecosystem, support sustainable development, and […]

What This Article Is About & Why It MattersThis article highlights the outcomes of the 68th GCC Trade Cooperation Committee meeting held on April 30, 2025, in Kuwait. It underscores the Gulf states’ shared commitment to economic unity, trade integration, and joint development in line with the leadership visions of member states. Readers will discover […]