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Minister of Investment Khalid Al-Falih Technicians revealed that foreign companies contributed to 1.5 million jobs, including 500,000 jobs in Saudi Arabia, and private sector wage rates for Saudis increased by about 45%.He told a government press conference that the cumulative amount of foreign investment in the Kingdom will exceed SR 2,025 trillion by the end of the third quarter, and fixed capital formation will exceed SR 1.44 trillion for the first time by the end of 2024, which is more than 120% compared to 2017 levels, and is expected to exceed SR 1.5 trillion by the end of 2025.He predicted…

The yen soared to a two-month high on Monday as comments by the prime minister in Tokyo and Japan’s leading currency diplomat heightened speculation of coordinated currency intervention by U.S. authorities. Investors also reduced their positions in the dollar ahead of the possible announcement of a new Fed chair by the Federal Reserve and the Trump administration. The yen rose as much as 1.5% to 153.30 yen to the dollar, the highest since early November. The final score was 153.97. Tokyo markets continued to attract investor attention after Japanese Prime Minister Sanae Takaichi said on Sunday that the government would…

RIYADH – Abdullah Al Dubaiki, Assistant Undersecretary for Investment, said Saudi Arabia has exceeded its Vision 2030 targets for attracting multinational regional headquarters, with more than 700 global companies currently based in the Kingdom. Speaking at a dialogue session at the 2nd Education and Training Investment Forum in Riyadh, Al Dubaiki said the Regional Headquarters Program has exceeded the original target of 500 companies under Vision 2030. He also highlighted the strong momentum of foreign investment in Saudi Arabia, noting that the Kingdom has issued approximately 60,000 investment licenses to date. “These licenses reflect the presence of tens of thousands…

Resquad AI secures $1.5M seed to expand AI-powered tech talent hiring News • January 16, 2026 edit arabic Resquad AI, a Saudi-based talent management SaaS provider, has raised $1.5 million in a seed round led by SRG with participation from angel investors. Founded in 2024 by Abdullah Abdulaziz Al-Jafari, Resquad AI provides AI-powered technical recruiting for developers through a SaaS platform and global B2B marketplace. The funding will support technology development, team expansion, and regional and international growth with a focus on the GCC. press release:Resquad AI, a Saudi-based provider of AI-driven technology recruitment solutions, has completed a $1.5 million…

– 5,000 square meter facility designed to deliver the end-to-end customer journey in one place-Led by Arabian Heritage Motors, a subsidiary of Al Ghurair Mobility, the partnership strengthens its long-term business in Saudi ArabiaAl Ghurair’s Arabian Heritage Motors has opened the world’s largest EXEED showroom in Riyadh. The new site will consolidate sales, after-sales service and customer engagement into a single seamless experience, strengthening its long-term operations in the Kingdom of Saudi Arabia.The launch was announced at a recent launch event in Riyadh, attended by Al Ghurair Group CEO John Iosifidis, senior executives from the company, Arabian Heritage Motors and…

Hebrew media revealed that the Italian consulate general in Jerusalem has filed an urgent official complaint with the Israeli government in the wake of Sunday’s serious incident in the village of Nama near Ramallah in the occupied West Bank. In the incident, armed Israeli settlers forced two Italian Carabinieri officers to their knees at gunpoint and interrogated them.The two consular staff were on a field reconnaissance mission in preparation for a European Union ambassador’s visit to the village when Israeli settlers stopped them, pointed automatic weapons at them, forced them to their knees, and forced them to impromptu interrogate them…

The Ministry of Industry and Mineral Resources announced the launch of 11 competing mines at the Al Suman Crusher Complex in Eastern Province, in addition to the development of local communities adjacent to mining projects, as part of efforts to stimulate mining investment and strengthen adherence to the highest standards of governance and transparency in the mining sector.Jarrah Al Jarrah, official spokesperson of the Ministry of Industry and Mineral Resources, explained that the mines submitted to the competition are designated for gravel and crusher materials and cover an area of ​​9 square kilometers, noting that the application acceptance period will…

Syria and Jordan signed an agreement on Monday to supply natural gas to Syria via Jordanian territory, with the aim of strengthening Syria’s fragile electricity grid, officials said. The contract between the Syrian Oil Company and the Jordanian National Electricity Company, signed at the Syrian Ministry of Energy in Damascus, provides for the supply of about 4 million cubic meters of gas, or about 140 million cubic feet, per day. The deal builds on a broader energy deal signed last year to supply gas to Syria through Jordan, which is financed by Qatar, and is part of regional efforts to…

LONDON – The yen soared to a two-month high on Monday as comments by the prime minister in Tokyo and Japan’s top currency diplomat heightened speculation of coordinated currency intervention by U.S. authorities. Investors also reduced dollar positions ahead of the Federal Reserve meeting and the possible announcement of a new Fed chair by the Trump administration. The yen rose as much as 1.5% to 153.405 yen to the dollar, the highest since early November. ⁠The final score was 153.97. Tokyo markets continued to attract investor attention after Japanese Prime Minister Sanae Takaichi said on Sunday that the government would…

Saudi Arabia-based agritech startup Grove has closed a $5 million seed round led by Outliers VC with participation from angel investors. Founded in 2024 by Mohammed bin Ghanam and Ayman AlFifi, Grove operates as a consumer brand that connects farms, markets and homes through a vertically aligned, technology-enabled supply chain. The funding will support Globe’s scale-up to position itself as a contributor to a more resilient and sustainable food system in Saudi Arabia. press release: Grove, a Riyadh-based technology company focused on the fresh food sector, has successfully completed a $5 million Seed funding round led by Outliers VC with…