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The General Authority for Statistics said in its Construction Cost Index (CCI) bulletin for September that the residential sector witnessed a 0.8 percent increase in construction costs due to a 1.5 percent increase in labor prices, a 1.2 percent increase in equipment and machinery rentals, and a 9.9 percent increase in energy prices.
GASTAT: Housing construction cost index rises 0.8% in September
Saudi Gazette reportRIYADH — The construction cost index in Saudi Arabia recorded an increase of 0.7 percent in September 2025 compared to August, maintaining the same growth rate as the previous month, according to the data released by the General Authority for Statistics (GASTAT). The authority explained in its Construction Cost Index (CCI) bulletin for September that the residential sector witnessed a 0.8 percent increase in construction costs due to a 1.5 percent increase in labor prices, a 1.2 percent increase in equipment and machinery rentals, and a 9.9 percent increase in energy prices. However, prices of some basic materials declined, with metal products prices fell by 1.7 percent and other building materials by 1.2 percent, limiting the increase in the general residential...
October 22, 2025

GASTAT: Housing construction cost index rises 0.8% in September

Delivering Saudi Arabia’s address at the general debate of the 16th UN Conference on Trade and Development (UNCTAD16) in Geneva on Tuesday, Bin Khothaila underscored the Kingdom's dedication to diversifying its sources of income and fostering a more competitive and inclusive economy.
At UNCTAD, Saudi Arabia affirms commitment to sustainable economic transformation
Saudi Gazette reportGENEVA — Permanent Representative of Saudi Arabia to the United Nations and International Organizations in Geneva Abdulmohsen Bin Khothaila emphasized Saudi Arabia's commitment to achieving sustainable economic transformation as part of its Vision 2030. He highlighted the Kingdom’s key achievements in the areas of national industry, logistics, transportation, and smart services. Delivering Saudi Arabia’s address at the general debate of the 16th UN Conference on Trade and Development (UNCTAD16) in Geneva on Tuesday, Bin Khothaila underscored the Kingdom's dedication to diversifying its sources of income and fostering a more competitive and inclusive economy. The debate was held under the theme "Shaping the future: Driving economic transformation for...
October 22, 2025

At UNCTAD, Saudi Arabia affirms commitment to sustainable economic transformation

Crown Prince Mohammed bin Salman
Saudi Crown Prince congratulates new Japanese PM Sanae Takaichi
Saudi Gazette reportRIYADH — Crown Prince and Prime Minister Mohammed bin Salman sent a cable of congratulations to Sanae Takaichi on her election as prime minister of Japan. In the cable, the Crown Prince extended his sincere congratulations to the Japanese prime minister, wishing her success and the Japanese people continued progress and prosperity. The Crown Prince also praised the distinguished relations between the two friendly countries and affirmed the Kingdom’s keenness to further strengthen them in all fields. Japan’s parliament appointed on Tuesday Sanae Takaichi as the first woman prime minister.
October 22, 2025

Saudi Crown Prince congratulates new Japanese PM Sanae Takaichi

Athar Festival 2025 opens in Riyadh with record attendance, new creative streams, and Saudi-first innovations
RIYADH — The third edition of Athar – Saudi Festival of Creativity opened in Riyadh on Tuesday with more than 1,900 attendees and 150 speakers from Saudi Arabia, the region, and beyond, exploring the ideas shaping the Kingdom’s creative future. With new content streams and returning flagship programs, this year’s expanded edition reflected a creative economy that is broader, bolder, and more dynamic than ever. Ian Fairservice, chairman of Athar Festival and managing partner of Motivate Media Group, said: “Athar Festival continues to expand its horizons, reflecting the growing ambitions of a nation that is redefining creativity across multiple industries. By introducing new content streams focused on gaming, film, as well as luxury and lifestyle, the festival is opening new...
October 22, 2025

Athar Festival 2025 opens in Riyadh with record attendance, new creative streams, and Saudi-first innovations

The Oversight and Anti-Corruption Authority (Nazaha) spokesman stated that legal measures were taken against the suspects following investigations carried out into the corruption charges against them during the past period.
Several government employees arrested over corruption charges
Saudi Gazette reportRIYADH — Several government employees were among those arrested in connection with corruption charges in various regions across the Kingdom. The spokesman of the Oversight and Anti-Corruption Authority (Nazaha) stated that legal measures were taken against the suspects following investigations carried out into the corruption charges against them during the past period. An employee of the Ministry of Industry and Mineral Resources was arrested for receiving the sum of SR1,625,000 in exchange for illegally obtaining a crusher license for a company owned by a foreign investor.A Saudi citizen was arrested upon receiving SR85,000 out of a total of SR110,000 in exchange for canceling a demolition order issued on agricultural land due to the lack of a title deed....
October 22, 2025

Several government employees arrested over corruption charges

Jane Fraser and Lubna Olayan appointed co-chairs of US-Saudi Business Council
Saudi Gazette reportRIYADH — The US-Saudi Business Council announced the appointment of two prominent leaders as co-chairs of its board of directors. Jane Fraser, CEO of Citigroup, has been named co-chair representing the US side, while Lubna Olayan, Chair of Olayan Group, will serve as co-chair representing Saudi Arabia. Fraser succeeds Steve Demetriou, former CEO of Jacobs Engineering Group, who held the position from 2018 to 2024. Charles Halaby, president and CEO of the US-Saudi Business Council, said the combined vision and expertise of Fraser and Olayan “will be invaluable as we shape the next chapter of US-Saudi commercial relations.” Under Fraser’s leadership, Citigroup has expanded its presence in Saudi Arabia, securing a license last year to establish its regional...
October 22, 2025

Jane Fraser and Lubna Olayan appointed co-chairs of US-Saudi Business Council

The University of Strathclyde founded in 1796 and based in Glasgow.
Saudi Cabinet approves University of Strathclyde branch in Riyadh to boost higher education sector
Saudi Gazette reportRIYADH — The Saudi Cabinet on Tuesday approved the establishment of a branch of the UK’s University of Strathclyde in Riyadh, making it the second foreign university to receive such approval after the University of New Haven, which plans to open three colleges in the Saudi capital by 2026. Founded in 1796 and based in Glasgow, the University of Strathclyde is a world-renowned technological research institution and one of the UK’s leading universities in business and engineering. Its historic motto, “The Place of Useful Learning,” reflects its philosophy of linking academic knowledge with practical application in industry and the economy. The university has around 30,000 students from more than 140 countries and is known for its strong research and innovation...
October 22, 2025

Saudi Cabinet approves University of Strathclyde branch in Riyadh to boost higher education sector

With a lineup of 105 speakers, the Innovation and Entrepreneurship Conference includes keynote talks, panel discussions, and workshops covering a range of topics relevant to academics, researchers, students, entrepreneurs, policymakers, and innovation professionals.
Jeddah conference highlights enhanced role of universities as drivers of innovation and economic development
Saudi Gazette report JEDDAH — The inaugural Innovation and Entrepreneurship Conference under the theme “Idea, Invention, and Impact” kicked off at King Abdulaziz University in Jeddah on Tuesday. The event is held under the patronage of Advisor to Custodian of the Two Holy Mosques and Emir of the Makkah Region Prince Khalid Al-Faisal. A total of 22 Saudi universities are participating in the two-day conference, which will conclude on Wednesday. The conference aims to strengthen the role of universities as drivers of innovation and economic development by fostering collaboration and building a vibrant entrepreneurial ecosystem within higher education. With a lineup of 105 speakers, the program includes keynote talks, panel discussions, and workshops covering a range of topics relevant...
October 21, 2025

Jeddah conference highlights enhanced role of universities as drivers of innovation and economic development

Saudi Food and Drug Authority (SFDA) CEO Dr. Hisham Aljadhey holds talks with Lawrence Tallon, Chief Executive of the British Medicines and Healthcare Products Regulatory Authority in Amsterdam on Tuesday.
Enhancing drug quality and safety figures high in SFDA chief’s discussions during Amsterdam summit
Saudi Gazette report RIYADH — Saudi Food and Drug Authority (SFDA) CEO Dr. Hisham Aljadhey started holding a series of meetings with international counterparts on the sidelines of the International Coalition of Medicines Regulatory Authorities (ICMRA) Summit 2025, which began in Amsterdam on Tuesday. These include a meeting with Dr. Leandro Safatle, director-president of the Brazilian Health Regulatory Agency (ANVISA), and bilateral meetings with Dr. Ali El-Ghamrawy, chairman of the Egyptian Drug Authority (EDA), and with Lawrence Tallon, Chief Executive of the British Medicines and Healthcare Products Regulatory Authority (MHRA). The discussions focused on strengthening cooperation and communication between regulatory authorities to achieve common goals and enhance the safety, quality,...
October 21, 2025

Enhancing drug quality and safety figures high in SFDA chief’s discussions during Amsterdam summit

Crown Prince and Prime Minister Mohammed bin Salman receives princes, scholars, ministers, and a group of citizens who came to greet him at the royal court of Al-Yamama Palace in Riyadh on Tuesday.
Crown Prince receives princes and scholars in Riyadh
RIYADH — Crown Prince and Prime Minister Mohammed bin Salman received several princes, Islamic scholars, ministers, and a group of citizens at the royal court of Al-Yamama Palace in Riyadh on Tuesday. They came to greet the Crown Prince. — SG
October 21, 2025

Crown Prince receives princes and scholars in Riyadh

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