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'Kingdom Arena' set to become Al-Hilal’s premier stadium
Saudi Gazette reportRIYADH — The Al-Hilal Club Company has inked an agreement with the General Entertainment Authority, sealing the transformation of "Boulevard Hall" into the official stadium of Al-Hilal, now named "Kingdom Arena."This landmark agreement, brokered between Turki Al-Sheikh, Chairman of the General Entertainment Authority, and Fahad Bin Nafel, Chairman of Al-Hilal Club Company, was announced in a live stream on Instagram. The terms of the agreement entail an annual commitment of SR40 million, accompanied by a six-month grace period.Bin Nafel shared insights into the ongoing efforts to align the stadium with the standards of the Saudi Professional League, the Asian Football Confederation, and FIFA."Boulevard Hall" has been unveiled as a...
September 29, 2023

'Kingdom Arena' set to become Al-Hilal’s premier stadium

GCC Secretary-General Jasem AlBudaiwi and Pakistan's Commerce Minister Dr. Gohar Ejaz sign the agreement in Riyadh.
GCC and Pakistan sign preliminary free trade agreement
Saudi Gazette reportRIYADH — In a significant move toward bolstering economic ties, the Gulf Cooperation Council (GCC) and Pakistan signed a preliminary free trade agreement (FTA) on Thursday.Jasem AlBudaiwi, Secretary-General of the GCC, announced the signing of the preliminary FTA. He underscored GCC's commitment to strengthening trade relations not only with Pakistan but also with other nations and international blocs.The signing ceremony took place at the GCC General Secretariat in Riyadh. On behalf of the GCC, AlBudaiwi signed the agreement while Commerce Minister Dr. Gohar Ejaz represented Pakistan.This crucial agreement demonstrates the dedication of both parties to fostering economic collaboration.AlBudaiwi, in his statement, emphasized the historic significance of the...
September 29, 2023

GCC and Pakistan sign preliminary free trade agreement

The Political Coordination Committee of the Saudi-Bahraini Coordination Council meets in Manama on Thursday.
Saudi Arabia, Bahrain discuss mechanisms for developing bilateral and multilateral cooperation
Saudi Gazette reportMANAMA — Saudi Arabia's Foreign Minister Prince Faisal bin Farhan and Bahrain's Foreign Minister Dr. Abdullatif bin Rashid Al-Zayani chaired the second meeting of the Political Coordination Committee of the Saudi-Bahraini Coordination Council in Manama on Thursday.During the meeting, the two sides reviewed the solid relations between the two Kingdoms, in addition to discussing the mechanisms for developing them at bilateral and multilateral levels in the international arena within the framework of the Political Coordination Committee.They have also discussed ways to deepen and enhance cooperation in a number of initiatives that would advance relations to broader horizons in a way that meets the aspirations of the leadership of the two countries and achieves...
September 28, 2023

Saudi Arabia, Bahrain discuss mechanisms for developing bilateral and multilateral cooperation

King Hamad of Bahrain receives the Saudi foreign minister in Manama.
King Hamad and Prince Faisal review historical Bahrain-Saudi ties, regional developments
Saudi Gazette report MANAMA — King Hamad bin Issa Al-Khalifah of Bahrain welcomed Saudi Arabia's Foreign Minister Prince Faisal bin Farhan at Al-Sakhir Palace in Manama on Thursday. Prince Faisal conveyed the greetings of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman, and their wishes of continued progress for Bahrain and its people. In turn, the Bahraini King conveyed his greetings to King Salman and Crown Prince Mohammed bin Salman, wishing Saudi Arabia and its people further progress and prosperity. During the meeting, the two sides have discussed the distinguished and historical relations between Saudi Arabia and Bahrain, and what brings good to the peoples of the Gulf, Arab and Islamic countries. They also reviewed the...
September 28, 2023

King Hamad and Prince Faisal review historical Bahrain-Saudi ties, regional developments

Saudi Arabia’s Ambassador to Turkiye Fahd bin Asaad Abu Al-Nasr presents his credentials to Turkiye President Recep Tayyip Erdogan during a reception in Ankara on Wednesday.
Saudi Ambassador to Türkiye Abu Al-Nasr presents credentials to Erdogan
Saudi Gazette reportANKARA — Saudi Arabia’s Ambassador to Turkiye Fahd bin Asaad Abu Al-Nasr presented his credentials to Turkiye President Recep Tayyip Erdogan during a reception at the Presidential Complex in Ankara on Wednesday. Some members of the Saudi embassy and Al-Nasr’s family also attended the reception.Abu Al-Nasr, who served earlier as deputy minister for public diplomacy at the Ministry of Foreign Affairs, took oath of office before Custodian of the Two Holy Mosques King Salman on August 1 after appointing as ambassador-designate to Turkiye.Before joining the ministry, Abu Al-Nasr served as director general of King Abdullah International Center for Interreligious and Intercultural Dialogue (KAICIID), based in Vienna, Austria. Holder of bachelor’s degree in political...
September 28, 2023

Saudi Ambassador to Türkiye Abu Al-Nasr presents credentials to Erdogan

GASTAT stated that the total unemployment rate, covering both Saudis and expatriates, recorded a decrease, reaching 4.9 percent during the second quarter of 2023 compared to the first quarter of the year.
Unemployment rate among Saudis drops to 8.3% in 2Q 2023
Okaz/Saudi Gazette RIYADH — There has been a decrease in the unemployment rate among Saudis, reaching 8.3 percent in the second quarter of 2023 compared to 8.5 percent in the first quarter of the current year, according to the latest figures released by the General Authority for Statistics (GASTAT).In the labor market bulletin published on its official website www.stats.gov.sa on Thursday, GASTAT stated that the total unemployment rate, covering both Saudis and expatriates, recorded a decrease, reaching 4.9 percent during the second quarter of 2023 compared to the first quarter of the year.According to the figures, the unemployment rate among Saudi women decreased during the second quarter of 2023, reaching 15.7 percent compared to 16.1 percent in the previous quarter, while the...
September 28, 2023

Unemployment rate among Saudis drops to 8.3% in 2Q 2023

At the signing ceremony, front row, from left: MidOcean Energy CEO De la Rey Venter and Aramco Upstream President Nasir K. Al-Naimi. Back row, from left: EIG Chairman and CEO Blair Thomas and Aramco President & CEO Amin H. Nasser.
Aramco dives into global LNG sector with $500 million stake in MidOcean Energy
DHAHRAN — Aramco has solidified its intentions to venture into the international liquefied natural gas (LNG) arena by inking definitive agreements to acquire a strategic minority stake in MidOcean Energy for a substantial $500 million. MidOcean Energy, under the stewardship of EIG, a prominent institutional investor in the global energy and infrastructure sectors, is dedicated to LNG operations.Currently, MidOcean Energy is actively engaged in procuring interests in four Australian LNG projects, as part of its growth strategy aimed at establishing a diversified global LNG enterprise. This landmark collaboration between Aramco and MidOcean Energy marks the oil giant's maiden foray into international LNG investments.This agreement further solidifies the evolving partnership between...
September 28, 2023

Aramco dives into global LNG sector with $500 million stake in MidOcean Energy

Minister of Transport and Logistics Saleh Al-Jasser and Chinese Minister of Transportation Li Xiaopeng sign the agreement.
Saudi Arabia, China to collaborate in transport innovations
BEIJING — Minister of Transport and Logistics Saleh Al-Jasser and Chinese Minister of Transportation Li Xiaopeng have inked a pivotal agreement aimed at strengthening collaboration between Saudi Arabia and China in the realm of modern transport innovations.The agreement has a multifaceted agenda, including the exchange of expertise in modern transport methods, the digitization of highways, advancements in autonomous vehicles, transfer of knowledge concerning smart shipping and intelligent ports, and the overall enhancement of cooperation within the ports sector between the two nations. — SPA
September 28, 2023

Saudi Arabia, China to collaborate in transport innovations

The violation of a vehicle will be monitored electronically once every 15 days in all regions of the Kingdom
E-monitoring of vehicle insurance violation to come into force on Sunday
Okaz/Saudi GazetteJEDDAH — The Saudi General Traffic Department will start implementing the automatic monitoring of the violation of not having valid insurance for vehicles, effective from Sunday, Oct. 1, 2023. The violation of a vehicle will be monitored electronically once every 15 days in all regions of the Kingdom.It is noteworthy that the amendments made in the Traffic Law earlier stipulated that lack of a valid vehicle insurance is a violation that requires a minimum fine of SR100, and a maximum of SR150.The department revealed that automatic monitoring of the violation will be done directly for all vehicles on the roads in the event that the vehicle does not have a valid insurance coverage. The department called on vehicle drivers, both citizens and expatriates, to adhere to...
September 28, 2023

E-monitoring of vehicle insurance violation to come into force on Sunday

The Bahrain crown prince receives Saudi Arabia's foreign minister in Manama.
Bahrain's Crown Prince welcomes Saudi FM in Manama
Saudi Gazette reportMANAMA — Crown Prince and Prime Minister of Bahrain Prince Salman bin Hamad Al Khalifa welcomed on Thursday Saudi Arabia's Foreign Minister Prince Faisal bin Farhan at Al Zaher Palace in Manama.During the meeting, the two sides reviewed relations between the two countries, in addition to the fields of Saudi-Bahraini cooperation in various aspects in order to accomplish further bilateral achievements for the two countries.They also discussed the latest regional and international events and topics of common interest.Undersecretary of the Foreign Ministry for Political Affairs Saud Al-Sati, Director General of the Minister of Foreign Affairs Office Abdulrahman Al-Daoud, and Chargé d'Affaires at the Saudi Embassy in Bahrain Saleh Al-Otaibi attended the...
September 28, 2023

Bahrain's Crown Prince welcomes Saudi FM in Manama

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