August 31, 2026
Islamabad and Riyadh agreed in a joint statement to lift Pakistan's agricultural and food exports to Saudi Arabia to $3 billion within two years. Nothing binding was signed, and the trade the statement quantifies is worth about $330 million.
Listen to the article Saudi Arabia’s non -oil exports increased to a high level of $ 515 billion Riyals ($ 137.29 billion) in 2024, Saudi Arabia’s Press Service (SPA) said, as the kingdom proceeded with economic diversification plans. The largest oil exporter in the world is seeking Vision 2030, an economic strategy aimed at reducing hydrocarbon dependence and expanding sectors, including tourism, sports and construction. Non -oil exports increased by 13% compared to 2023 and increased more than 113% since the start of vision 2030, Spa said. Abdulrahman Althukair, CEO of Saudi Arabia’s export development Authority, acknowledged growth in the
Tesla officially started in Saudi Arabia, marking a central move in the largest economy of the Gulf, as the pioneer of the electric vehicle (EV) is struggling with the fall of world sales and fierce competition from Chinese and local manufacturers. The California -based automotive industry made its kingdom debut with a launch event in Riyadh on April 10, followed by the opening of the temporary shows in Riyadh, Jeddah and Dammam. The expansion comes right in front of a scheduled visit by US President Donald Trump to Saudi Arabia and other Gulf nations. Saudi Arabia, traditionally a shelter for
Saudi Arabia officially launched a new symbol for its national currency, Riyal, signaling an important milestone in reinforcing the kingdom’s financial identity. The recently designed Riyal symbol, which reflects Saudi Arabia’s rich cultural heritage, aims to make the currency more recognizable in local, regional and international economic and trade. Inspired by Arabic calligraphy, the symbol includes the name of the national currency, “Riyal” and was designed to meet the highest technical standards. Photo: Saudi Central Bank Sama Ayman al-Sayari commander praised the leadership of King Salman and Prince Mohammed Bin Salman for their vision of starting the currency symbol, which
January 24, 2024
RIYADH: Saudi Arabia is preparing to open its first alcohol outlet in the capital Riyadh, which will serve exclusively non-Muslim diplomats, according to a source familiar with the plans and a document. Customers will have to register through a mobile app, get a clearance code from the State Department and meet monthly quotas with their purchases, said the document, which was seen by Reuters. The move marks a milestone in efforts by the kingdom, led by Saudi Crown Prince Mohammed bin Salman, to open the ultra-conservative Muslim country to tourism and business, as alcohol is forbidden in Islam. It is
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