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The Kingdom of Saudi Arabia supported the Middle East Green Initiative (MGI) and stressed the importance of regional cooperation and collective action to advance towards achieving the goals of environmental protection, expanding vegetation coverage, and addressing the challenges of desertification, drought, and climate change. Saudi Arabia also announced the start of the operational phase of the initiative and preparations for the launch of an ambitious project. This was stated in a speech by Abdulrahman Al-Fadly, Minister of Environment, Water and Agriculture, who is also the Chairman of the second session of the MGI Council of Ministers, at the conclusion of…

Mohammed bin Abdullah Al-Jadaan, Minister of Finance and Chairman of the Board of the National Privatization Center, noted that the Council for Economic Development Affairs had approved the termination of the privatization program after completing the implementation of operations and initiatives in accordance with the approved plan.He explained that the privatization program has achieved a number of achievements since its inception, most notably the establishment of the National Privatization Center, which has created more than 200 approved projects with a total investment estimated at SR800 billion, and the conclusion of nearly 90 contracts, variously including ownership transfer agreements and public-private…

Al Zohra Real Estate Development Company, a joint venture between the Government of Ajman and Solidere International, has signed a land acquisition agreement with Samana Real Estate Development Company to develop a luxury mixed-use waterfront destination in Al Zohra City worth AED 2.7 billion. Sheikh Rashid bin Humaid Al Nuaimi said the project reflects a shared vision to develop a high-quality residential community that balances innovative urban design with nature, while expanding options for investors and homebuyers and strengthening Al Zohra City’s position as a premium coastal city. The project will include more than 2,000 homes in a prime waterfront…

RIYADH — The Saudi economy recorded steady growth towards the end of 2025, supported by resilient consumption activity, expansion of the non-oil sector and improvement in external trade, according to the latest data released by the Ministry of Economic Planning. Real gross domestic product (GDP) increased by 4.8% year-on-year in the third quarter of 2025, according to data compiled by the Ministry of Economic Planning, General Authority of Statistics (GASTAT), Saudi Central Bank (SAMA), Tadawul and Riyadh Bank. Growth was primarily driven by non-oil businesses, which expanded by 4.3% annually. Meanwhile, the oil business recorded a high growth of 8.3%…

RIYADH — The Qiwa platform under the Ministry of Human Resources and Social Development has removed the occupation of general manager from expatriate records, confirming that the occupation is restricted to Saudi nationals only.The report explained that an establishment with an employee in the occupation of general manager can change this to another occupation, such as CEO or chairman of the board, only if the employee is registered in the commercial register with the same occupation and there are no other employees in the establishment with the same occupation.The Qiwa platform also began suspending certain job change services for expatriates.…

أكدت المملكة العربية السعودية أهمية التعاون والعمل الإقليمي المشترك لدعم أنشطة وأعمال مبادرة الشرق الأوسط الأخضر، والمضي قُدمًا نحو تحقيق أهدافها، للحفاظ على البيئة، وتنمية الغطاء النباتي، والتصدي لتحديات التصحر والجفاف والتغيرات المناخية، مُعلنة انطلاق المرحلة التنفيذية للمبادرة، والتجهيز لبدء مشاريعها الطموحة.جاء ذلك خلال كلمة وزير البيئة والمياه والزراعة رئيس الدورة الثانية للمجلس الوزاري لمبادرة الشرق الأوسط الأخضر المهندس عبدالرحمن بن عبدالمحسن الفضلي، في ختام أعمال الاجتماع الثاني للمجلس الوزاري الذي عُقد في جدة اليوم، بمشاركة 30 دولة عضوة من قارتي آسيا وأفريقيا، إضافةً إلى المملكة المتحدة التي تشارك كدولة غير إقليمية بصفة مراقب.ودعا وزير البيئة والمياه والزراعة إلى مضاعفة…

Knowledge Economic City, a leading developer listed on the Saudi Stock Exchange (Tadawul), supervised by the Special Economic Cities and Zones Authority and contributing to the transformation of the city and economy of the Medina, announced that it has won two awards at the 2025 Global Economics Awards: “Most Innovative Iconic Design for the City Gate Project” and “Best Real Estate Developer in Integrated Urban Development in the Kingdom.” Saudi Arabia. ”The award was presented at the Global Economics Awards ceremony, an international platform that recognizes excellence in the fields of economic development, infrastructure and real estate development, with Knowledge…

In Brussels, European Union foreign ministers approved sanctions against 17 Iranian officials, including Interior Minister Eskander Momeni and Prosecutor General Mohammad Vahedi Azad.Sanctions affect six companiesToday (Thursday), the Coalition Ministers imposed sanctions on 15 other officials and six entities, including Revolutionary Guards Commander Saeed Majeed Fayed Jafari, President of the Revolutionary Court Iman Afsahari, and Qatam al-Anbiya Military Chief of Staff Ali Abdullah, according to a list published in the Coalition’s Official Gazette.Sanctions include asset freezes and travel visa bans for the aforementioned officials.EU foreign policy official Kaya Karas predicted further sanctions would be imposed on perpetrators of violence against…

The head of the Suez Canal Authority, Vice Admiral Osama Rabie, announced that the giant container ship CMA CGM SEINE, one of the world’s largest container ships, has passed through the Suez Canal during its first voyage through the canal as part of a northern convoy heading from Morocco to Malaysia. The Suez Canal Authority said in a statement that the ship belongs to French shipping company CMA CGM and operates within the Fal3 shipping service, which operates trade routes between Europe and the Far East. It is the group’s newest ship and was completed in 2025. It has a…

DUBAI – Dr Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment and Chairman of the Board of Directors of the National Agricultural Center, has launched a sustainable products initiative aimed at increasing the share of locally produced agricultural and livestock products used across the UAE’s restaurant and hotel sector to 25 per cent. The launch was announced as she took part in the signing ceremony of six strategic memorandums of understanding between the National Agriculture Center and the UAE’s leading hospitality industry and industry players. The agreement forms part of the initiative’s initial executive framework and establishes…