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Bank credit granted to the public and private sectors was distributed across more than 17 diverse economic activities, serving as a key driver in achieving comprehensive and sustainable economic growth and contributing to the goals of Saudi Vision 2030.
Saudi bank credit records annual growth of over SR443 billion by end of April 2025
Saudi Gazette report RIYADH — Bank credit granted to the public and private sectors in Saudi Arabia reached SR3,126,381 million (over SR3.126 trillion) by the end of April 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for April.This marks an annual growth of 16.5 percent and an increase of more than SR443.018 billion compared to the same period in 2024, when bank credit stood at SR2.683 trillion. Quarterly, bank credit continued to rise at all levels, recording a growth of five percent compared to the fourth quarter of 2024, increasing by SR146.411 billion. By the end of the first quarter of 2025, bank credit had grown from over SR2.955 trillion to over SR3.101 trillion.On a monthly basis, bank credit recorded a growth of 0.8 percent, rising...
June 19, 2025

Saudi bank credit records annual growth of over SR443 billion by end of April 2025

Saudi Aramco announced on Thursday the launch of the Regional Center for Sustainable Development of Fisheries (RCSDF) on Abu Ali Island in Jubail on the Arabian Gulf coast.
Saudi Aramco launches Regional Fisheries Development Center in Jubail
Saudi Gazette report DHAHRAN — Saudi Aramco announced on Thursday the launch of the Regional Center for Sustainable Development of Fisheries (RCSDF) on Abu Ali Island in Jubail on the Arabian Gulf coast. The center, the Arabian Gulf Branch, was established in cooperation with the Ministry of Energy and the Ministry of Environment, Water, and Agriculture. Through this collaboration, Saudi Aramco aims to highlight its investments in citizenship initiatives and its efforts to drive economic growth, support local fishermen and their livelihoods, build expertise, and adopt the best practices to enhance production and cultivate fish of marketable sizes that can compete globally.The center is part of the company's broader efforts to protect marine life in the Arabian Gulf. It involves the...
June 19, 2025

Saudi Aramco launches Regional Fisheries Development Center in Jubail

According to the Madinah Chamber of Commerce report, activities related to accommodation, travel agencies, and tour operations recorded an 18.7 percent increase in 2024 compared to the previous year.
Number of visitors to Madinah jumps 18.7% in 3 years, reaching 18 million in 2024
Saudi Gazette report MADINAH — The tourism sector in Madinah has witnessed significant growth of 18.7 percent in visitor numbers over the past three years, receiving more than 18 million visitors in 2024, compared with 14.1 million in 2023 and 8.2 million in 2022.According to a report issued on Wednesday by the Madinah Chamber of Commerce, activities related to accommodation, travel agencies, and tour operations recorded an 18.7 percent increase in 2024 compared to the previous year. The report highlighted the sector’s vital role in supporting economic growth and increasing the gross domestic product (GDP) through tourism spending on lodging, transportation, shopping, and other services, while also creating job opportunities in tourism-related activities and contributing to sustainable...
June 19, 2025

Number of visitors to Madinah jumps 18.7% in 3 years, reaching 18 million in 2024

Ministry of Culture includes handicrafts and cultural media in 5th edition of its National Cultural Awards
Saudi Gazette report RIYADH — The Ministry of Culture has launched the fifth edition of the National Cultural Awards. For the 2025 edition, two new award categories have been introduced: the Handicrafts Award and the Cultural Media Award. Nominations for cultural sector awards will soon open to the public and the cultural community. The Handicrafts Award coincides with the ministry’s designation of 2025 as the Year of Handicrafts, spotlighting impactful contributions to traditional crafts, whether in production techniques or cultural knowledge. This category includes one international award that honors initiatives that improve livelihoods and create job opportunities.The Cultural Media Award recognizes significant work by individuals or organizations in developing cultural discourse...
June 19, 2025

Ministry of Culture includes handicrafts and cultural media in 5th edition of its National Cultural Awards

The system uses the ‘Raspberry Pi’ device, which employs advanced computer vision techniques.
AI-powered system to monitor emergency lane violations in real time
Saudi Gazette report JEDDAH — King Abdulaziz University has completed an innovative research project that uses AI to monitor violations of emergency lanes on highways in real time. The system uses the ‘Raspberry Pi’ device, which employs advanced computer vision techniques.The project utilizes the 'YOLO' algorithm to detect vehicles encroaching on designated emergency lanes, with the model trained on a customized dataset of images. It is a low-cost, highly efficient solution ideal for integration into smart city infrastructure, traffic management agencies, and government authorities. By supporting unobstructed emergency lanes, the project aims to improve response times during emergencies and ultimately save lives.
June 19, 2025

AI-powered system to monitor emergency lane violations in real time

The Saudi Food and Drug Authority (SFDA) has suspended imports from an international medical device and supplies factory after detecting of its violation of the authority's regulations.
SFDA suspends medical device imports from erring international firm
Saudi Gazette report RIYADH — The Saudi Food and Drug Authority (SFDA) has suspended imports from an international medical device and supplies factory, as part of its ongoing regulatory efforts to verify the safety of products under its supervision circulating in the Saudi market.This import suspension decision followed an SFDA inspection tour that uncovered serious violations, according to a press statement from the authority on Thursday. These issues primarily centered on the factory's quality management system, manufacturing processes, factory work environment and deficiencies that could potentially lead to the contamination of medical devices. Violations related to quality management systems accounted for approximately 10 percent of all recorded violations at medical device...
June 19, 2025

SFDA suspends medical device imports from erring international firm

Minister of Finance Mohammed Al-Jadaan addressing the OPEC Fund Development Forum in Vienna.
Al-Jadaan commends OPEC Fund's flexible response to global market fluctuations
Saudi Gazette report RIYADH — Minister of Finance Mohammed Al-Jadaan commended the flexibility of OPEC Fund for International Development in responding to global market fluctuations, saying that this has ensured the continued flow of available resources to countries and communities in need.Addressing the 46th Meeting of the Ministerial Council of the Fund in Vienna, Al-Jadaan praised the Fund’s vision and alignment of its operations with global development priorities, including the Sustainable Development Goals (SDGs) and food security, while maintaining its core focus areas. The Ministerial Council, as the OPEC Fund’s highest governing body, convenes annually to approve the fund’s audited financial statements, annual activity reports, and any other items submitted by the...
June 19, 2025

Al-Jadaan commends OPEC Fund's flexible response to global market fluctuations

Saudi Minister of Energy Prince Abdulaziz bin Salman speaking at the St. Petersburg Economic Forum on Thursday.
Saudi energy minister: OPEC+ become key guarantor of oil prices
Saudi Gazette report ST. PETERSBURG — Saudi Minister of Energy Prince Abdulaziz bin Salman said on Thursday that OPEC+ has become a key guarantor of oil prices and the oil sector as a whole. Speaking at the St. Petersburg Economic Forum on Thursday, he said that OPEC+ is a trustworthy and successful alliance that adapts to changing conditions and has had great success in maintaining oil market stability.In response to a question on whether Saudi Arabia and Russia would step into replace any potential loss of Iranian oil supplies, Prince Abdulaziz said: "We will only react to realities."The energy minister said that Saudi Arabia and Russia are working together to create a climate for those wishing to invest in both countries in various ways, including through joint ventures,...
June 19, 2025

Saudi energy minister: OPEC+ become key guarantor of oil prices

The master plan for Expo 2030 Riyadh covers an area of ​​6 million square meters north of Riyadh, adjacent to the future King Salman International Airport.
PIF launches new company to deliver Expo 2030 Riyadh
Saudi Gazette reportRIYADH — The Public Investment Fund (PIF) announced on Thursday the launch of Expo 2030 Riyadh Company, a wholly-owned entity.The company will build and operate the facilities for Expo 2030 Riyadh, the first of its kind in Saudi Arabia, and invest in its facilities over the long term.The master plan for Expo 2030 Riyadh covers an area of ​​6 million square meters north of Riyadh, adjacent to the future King Salman International Airport.It will be one of the largest Expo sites in the history of the exhibition, directly connected to several key prominent locations.Expo 2030 Riyadh is expected to attract more than 40 million visits. Following its completion, the company will transform the exhibition into a global village, a multicultural hub for retail and dining...
June 19, 2025

PIF launches new company to deliver Expo 2030 Riyadh

Smart screens guide worshippers at Prophet’s Mosque in 23 languages
Saudi Gazette reportMADINAH — The Presidency of Religious Affairs at the Prophet's Mosque offers numerous awareness-raising services to deliver religious and guidance messages to pilgrims through field personnel and modern technologies, as part of its efforts to enrich their experience during their visit to Madinah.The guidance provided to worshippers at the Prophet's Mosque during the post-Hajj season includes a set of smart enrichment services provided by the General Administration of Field Awareness at the Agency for Dawah and Guidance Affairs at the Presidency of Religious Affairs at the Prophet's Mosque.These services utilize smart interactive guidance screens distributed throughout the Prophet's Mosque, enabling visitors to download guidance and da'wah brochures...
June 19, 2025

Smart screens guide worshippers at Prophet’s Mosque in 23 languages

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