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Preliminary estimates for 2026 project real GDP growth of about 4.6 percent, driven by the expected expansion of non-oil activities.
Saudi Arabia projects SR1.313 trillion spending in 2026 budget with 3.3% deficit
Saudi Gazette reportRIYADH — The Saudi Ministry of Finance on Tuesday released the Pre-Budget Statement for Fiscal Year 2026, estimating total expenditures at about SR1,313 billion and revenues at SR1,147 billion, resulting in a deficit of 3.3 percent of GDP.Preliminary estimates for 2026 project real GDP growth of about 4.6 percent, driven by the expected expansion of non-oil activities.The ministry confirmed that the government will continue its expansionary spending approach, focusing on national priorities with social and economic impact, in line with Vision 2030 goals and efforts to diversify the economy.According to the statement, since the launch of Vision 2030 the Saudi economy has undergone structural reforms that improved the business environment, strengthened the role of the...
September 30, 2025

Saudi Arabia projects SR1.313 trillion spending in 2026 budget with 3.3% deficit

Saudi minister highlights AI’s transformative role at G20 meeting in South Africa
Saudi Gazette reportCAPE TOWN — Saudi Minister of Communications and Information Technology Abdullah Al-Swaha participated in the G20 artificial intelligence ministerial meeting held in Cape Town, South Africa.In his remarks, Al-Swaha said the world is heading over the next five years toward economic and social shifts driven by AI that could equal the progress of the past five decades.He stressed the need for G20 nations to strengthen collective action to prevent widening gaps in the smart era.He noted that Saudi Arabia is working to turn challenges into opportunities by focusing on three main tracks: leveraging generative AI to support healthcare innovation and accelerate drug discovery for diseases such as diabetes and sickle cell anemia; advancing industrial transformation through...
September 30, 2025

Saudi minister highlights AI’s transformative role at G20 meeting in South Africa

Crown Prince and Prime Minister Mohammed bin Salman receives credentials from a number of newly appointed ambassadors to Saudi Arabia in Riyadh on Tuesday.
Crown Prince receives credentials from new ambassadors of several countries
Saudi Gazette report RIYADH — On behalf of Custodian of the Two Holy Mosques King Salman, Crown Prince and Prime Minister Mohammed bin Salman received the credentials of the newly appointed ambassadors to Saudi Arabia from several friendly countries.Minister of Foreign Affairs Prince Faisal bin Farhan and several other officials attended the ceremony held at Al-Yamamah Palace in Riyadh on Tuesday.The credentials were presented by Ambassador of Belgium Pascal Grégoire, Ambassador of Ireland Gerard Cunningham, Ambassador of Thailand Darm Boontham, Ambassador of Bulgaria Lubomir Nikolov Popov, Ambassador of Kuwait Sheikh Sabah Nasser Al-Ahmad Al-Sabah, Ambassador of Germany Michael Kindsgrab, Ambassador of the European Union Christophe Farnaud, Ambassador of Iran Alireza Enayati,...
September 30, 2025

Crown Prince receives credentials from new ambassadors of several countries

Crown Prince and Prime Minister Mohammed bin Salman chairs the Cabinet session in Riyadh on Tuesday.
Saudi Arabia affirms readiness to cooperate with US on achieving peace in Gaza
Saudi Gazette report RIYADH — The Council of Ministers affirmed on Tuesday Saudi Arabia's readiness to cooperate with the United States with regard to achieving comprehensive peace in Gaza following the announcement of US President Donald Trump’s Gaze peace plan. The Cabinet session, chaired by Crown Prince and Prime Minister Mohammed bin Salman in Riyadh, appreciated the US president’s declaration against allowing the annexation of the West Bank by Israel. In a statement to the Saudi Press Agency following the session, Minister of Media Salman Al-Dossary said that the Cabinet welcomed the US administration’s announcement of President Trump’s comprehensive plan aimed at ending the conflict in the Gaza Strip, rebuilding the strip, and facilitating the unrestricted delivery of...
September 30, 2025

Saudi Arabia affirms readiness to cooperate with US on achieving peace in Gaza

The GASTAT report showed that overall labor force participation rate for Saudis and non-Saudis reached 67.1 percent, a decrease of 1.1 percentage points from the previous quarter.
Saudi Arabia's overall unemployment and labor force participation rates reach 3.2% and 67.1% in 2Q 2025
Saudi Gazette report RIYADH — The overall unemployment rate for Saudis and non-Saudis in the Kingdom reached 3.2 percent during the second quarter of 2025, according to the General Authority for Statistics (GASTAT).The Labor Market Publication, released on Tuesday by GASTAT for the second quarter of 2025, revealed that the overall unemployment rate recorded an increase of 0.4 percentage points on a quarterly basis compared to the first quarter of the same year. This records a slight annual decrease of 0.1 percentage points compared to the second quarter of 2024.The GASTAT report showed that overall labor force participation rate for Saudis and non-Saudis reached 67.1 percent, a decrease of 1.1 percentage points from the previous quarter, but an increase of 0.9 percentage points compared...
September 30, 2025

Saudi Arabia's overall unemployment and labor force participation rates reach 3.2% and 67.1% in 2Q 2025

The foreign ministers expressed confidence in Donald Trump’s ability to chart a path toward peace and highlighted the importance of partnership with the United States in securing stability in the region.
Saudi Arabia and regional partners back Trump’s Gaza peace proposal in joint statement
Saudi Gazette report RIYADH — Foreign ministers of Saudi Arabia, Jordan, the United Arab Emirates, Indonesia, Pakistan, Türkiye, Qatar, and Egypt issued a joint statement welcoming US President Donald Trump’s leadership and efforts to end the war in Gaza.The ministers expressed confidence in Trump’s ability to chart a path toward peace and highlighted the importance of partnership with the United States in securing stability in the region.They welcomed Trump’s proposal, which includes ending the war, rebuilding Gaza, preventing the displacement of Palestinians, advancing comprehensive peace, and his declaration that Israel will not be allowed to annex the West Bank.The statement affirmed the ministers’ readiness to work constructively with the United States and relevant parties...
September 30, 2025

Saudi Arabia and regional partners back Trump’s Gaza peace proposal in joint statement

The Ministry of Culture signed a MoU with the Royal Commission for Riyadh City (RCRC) for cooperation on implementing a number of strategic cultural and artistic projects in Riyadh so as to enhance the capital’s cultural landscape.
Ministry of Investment signs MoU with Cultural Development Fund for cooperation in cultural investment
Saudi Gazette report RIYADH — The Saudi Ministry of Investment signed a memorandum of understanding (MoU) with the Cultural Development Fund to explore areas of cooperation in cultural investment and attract international companies to the Saudi cultural sector. The signing ceremony was held on the sidelines of the Cultural Investment Conference, organized by the Ministry of Culture at the King Fahd Cultural Center in Riyadh.The MoU aims to strengthen the partnership between the two sides in exploring investment opportunities and developing initiatives that contribute to attracting leading international companies to operate in cultural sectors. This will enhance the competitiveness of the cultural sector and increase its contribution to the national economy.The signing of the memorandum...
September 30, 2025

Ministry of Investment signs MoU with Cultural Development Fund for cooperation in cultural investment

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef holds talks with Vietnamese Deputy Prime Minister Bui Thanh Son in Hanoi on Monday.
Alkhorayef, Vietnamese deputy prime minister discuss expanding economic partnership  
Saudi Gazette report HANOI — Minister of Industry and Mineral Resources Bandar Alkhorayef met with Vietnamese Deputy Prime Minister Bui Thanh Son in Hanoi on Monday.They discussed ways to expand economic partnership and enhance cooperation in the industry and mining sectors. The meeting underscored the importance of enabling the private sector to capitalize on mutual investment opportunities in the industry and mining sectors and of strengthening the role of the Saudi-Vietnamese Business Council in fostering joint investments.Vietnam is considered as a key destination for Saudi investments, which exceed $1.92 billion and cover several sectors, including energy, industry, and technology. During the meeting, the officials discussed opportunities for knowledge exchange, investment...
September 29, 2025

Alkhorayef, Vietnamese deputy prime minister discuss expanding economic partnership  

Saudi Minister of Media Salman Al-Dossary addressing the government press conference in Riyadh on Monday.
Saudi media minister says new content creator guidelines introduced
Saudi Gazette report RIYADH — Saudi Minister of Media Salman Al-Dossary expressed his satisfaction over the positive reactions to the media regulation guidelines.Addressing the government press conference in Riyadh on Monday, Al-Dossary noted that the General Authority for Media Regulation has worked to establish clear guidelines for content violations to help content creators better understand them and avoid committing such violations. The authority has also held workshops to clarify these guidelines.He affirmed that the enhanced awareness and positive values ​​of Saudi society constitute the first and most effective line of defense against harmful content.Al-Dossary emphasized that combating harmful content that contradicts societal values ​​requires decisive action, which the...
September 29, 2025

Saudi media minister says new content creator guidelines introduced

Van Gogh exhibition on display at Ithra. (File picture)
All you need to know about Riyadh University of Arts and its creative mission
Saudi Gazette reportRIYADH — Saudi Arabia has announced the launch of Riyadh University of Arts, a first-of-its-kind cultural and creative institution, unveiled by Minister of Culture Prince Badr bin Abdullah bin Farhan during the opening of the Cultural Investment Forum. Here are the key points you need to know. What is Riyadh University of Arts? Riyadh University of Arts will be Saudi Arabia’s first dedicated cultural university, designed to serve as a hub for creative education.It will provide academic programs across multiple cultural disciplines, aiming to nurture talent and strengthen the Kingdom’s creative industries. Why is it significant? The initiative is considered a groundbreaking investment in cultural education. Prince Badr said the university will act as a...
September 29, 2025

All you need to know about Riyadh University of Arts and its creative mission

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