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Mohammed Al-Jadaan
Al-Jadaan: Economic transformation thrives on partnership
Saudi Gazette report RIYADH — Minister of Finance Mohammed Al-Jadaan said that Saudi Arabia’s development underscores that economic transformation thrives on partnership. He made the remarks while participating on Thursday in a virtual roundtable meeting for Resilience Consortium leaders, which was organized by the World Economic Forum (WEF).The meeting brought together ministers, private sector CEOs, and leaders of international organizations to exchange views on addressing the private sector's role in advancing resilience, innovation, and growth in emerging markets.Al-Jadaan said that Saudi Arabia's new Investment Law creates a level playing field, streamlines processes, and enhances investor protections. “The targeted public investments unlock high-potential sectors and...
July 10, 2025

Al-Jadaan: Economic transformation thrives on partnership

On behalf of Custodian of the Two Holy Mosques King Salman, Deputy Emir of Makkah Prince Saud bin Mishaal led the annual ceremonial washing of the Holy Kaaba on Thursday morning.
Makkah Deputy Emir leads washing of Holy Kaaba
Saudi Gazette report MAKKAH — On behalf of Custodian of the Two Holy Mosques King Salman, Deputy Emir of Makkah Prince Saud bin Mishaal led the annual ceremonial washing of the Holy Kaaba on Thursday morning.Upon arrival at Islam’s holiest shrine, the deputy emir performed the ritual washing of the interior of the Kaaba using Zamzam water mixed with rose water. This was carried out by rubbing the interior walls of the Kaaba with pieces of white cloth dipped in rose and musk perfumes, provided by the General Authority for the Care of the Affairs of the Grand Mosque and the Prophet's Mosque.Several officials, members of the Islamic diplomatic corps accredited to the Kingdom, and keepers of the Kaaba joined the deputy emir in the washing.The annual customary washing of the Kaaba was...
July 10, 2025

Makkah Deputy Emir leads washing of Holy Kaaba

The Ministry of Hajj and Umrah has suspended two Umrah companies for violations including accommodating pilgrims in unlicensed housing facilities.
Hajj Ministry suspends 2 Umrah companies for accommodating pilgrims in unlicensed facility
Saudi Gazette report MAKKAH — The Ministry of Hajj and Umrah has suspended two Umrah companies for violations including accommodating pilgrims in unlicensed housing facilities. The ministry considers this as a serious violation that directly impacts the safety of pilgrims.The ministry has taken legal action against the two companies, including suspending them from operation and summoning them for investigation. This comes as part of the ministry's commitment to ensuring that pilgrims receive their full rights.The ministry emphasized its role in ensuring that services are provided to pilgrims according to the highest standards of quality and professionalism, and will not tolerate any negligence or breach of contractual obligations towards pilgrims.The ministry underlined the need for...
July 09, 2025

Hajj Ministry suspends 2 Umrah companies for accommodating pilgrims in unlicensed facility

The amendments approved by the Capital Market Authority Board aim to develop a regulatory framework for investment funds, enhance the asset management industry, and strengthen its competitiveness by identifying areas for improvement and adopting global best practices.
CMA approves set of regulatory enhancements for investment funds in Saudi Arabia
Saudi Gazette report RIYADH — The Capital Market Authority (CMA) Board has approved a set of enhancements aimed at developing the regulatory environment for investment funds in Saudi Arabia. This includes amendments to the Investment Funds Regulations, the Real Estate Investment Funds Regulations, and the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority.The amendments approved by the CMA Board aim to develop a regulatory framework for investment funds, enhance the asset management industry, and strengthen its competitiveness by identifying areas for improvement and adopting global best practices. The amendments also include additional regulatory provisions that support the growth of the investment fund and real estate investment fund sectors,...
July 09, 2025

CMA approves set of regulatory enhancements for investment funds in Saudi Arabia

Saudi Minister of Defense Prince Khalid bin Salman receives his Hungarian counterpart Kristَf Szalay-Bobrovniczky in Jeddah on Wednesday.
Saudi, Hungarian defense ministers discuss military ties
Saudi Gazette report JEDDAH — Saudi Minister of Defense Prince Khalid bin Salman met with his Hungarian counterpart Kristَf Szalay-Bobrovniczky at his office in Jeddah on Wednesday.During the meeting, the defense ministers discussed relations between Saudi Arabia and Hungary, especially in defense fields. Their talks also figured regional and international developments and efforts made to address them.Deputy Minister of Defense Prince Abdulrahman bin Mohammed and several officials from both countries attended the meeting.
July 09, 2025

Saudi, Hungarian defense ministers discuss military ties

The Ministry of Commerce announced the recall of 5,309 Chevrolet, GMC, and Cadillac vehicles, with the model years ranging between 2021 and 2024, due to a defect in internal engine parts (the connecting rod or crankshaft).
Commerce Ministry recalls over 5,000 Chevrolet, GMC, and Cadillac vehicles due to engine defects
Saudi Gazette report RIYADH — The Ministry of Commerce announced the recall of 5,309 Chevrolet, GMC, and Cadillac vehicles, with the model years ranging between 2021 and 2024, due to a defect in internal engine parts (the connecting rod or crankshaft). This defect could lead to engine damage and loss of propulsion while driving, potentially increasing the risk of an accident.The ministry called on users of vehicles affected by the recall to contact General Motors at the toll-free number (8008200048), Aljomaih Automotive Company at the toll-free number (8007525252), and Universal Agencies Company at the toll-free number (8002442244), to inspect the engine and take preventative measures or replace the engine if necessary. The ministry noted that the concerned users can also check whether...
July 09, 2025

Commerce Ministry recalls over 5,000 Chevrolet, GMC, and Cadillac vehicles due to engine defects

Saudi Energy Minister Prince Abdulaziz bin Salman addressing the opening session of the 9th OPEC International Seminar in Vienna on Wednesday.
Saudi energy minister: oil and gas will remain indispensable despite expansion of renewable energy     
Saudi Gazette report VIENNA — Saudi Energy Minister Prince Abdulaziz bin Salman said that oil and gas will remain indispensable despite expansion of renewable energy. "While renewable, nuclear power, and hydrogen energy sources are expanding, oil and gas will remain indispensable, especially in hard to abate sectors like heavy industry, transport, and in supporting economies of developing countries," he said while addressing the opening session of the 9th OPEC International Seminar in Vienna on Wednesday.Under the theme "Charting pathways together: The future of global energy", the two-day event features exhibitions, ministerial sessions, and high-level roundtables, with a wide range of industry leaders are participating.Prince Abdulaziz warned against compromising...
July 09, 2025

Saudi energy minister: oil and gas will remain indispensable despite expansion of renewable energy     

Minister of Human Resources and Social Development Eng. Ahmed Al-Rajhi hailed Tuesday's Cabinet decision with regard to the Social Development Bank, saying that this is supportive to most vulnerable groups in the Saudi society.
Al-Rajhi: Cabinet's decision is supportive to most vulnerable groups
Saudi Gazette report RIYADH — Minister of Human Resources and Social Development and Chairman of the Board of Directors of the Social Development Bank Eng. Ahmed Al-Rajhi hailed Tuesday's Cabinet decision with regard to the Social Development Bank, saying that this is supportive to most vulnerable groups in the Saudi society.The minister expressed his thanks and appreciation of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman on the occasion of the Cabinet's approval for the Social Development Bank to formulate a program to sponsor the most needy beneficiaries of the bank's services so as to enable them to obtain financing products provided by the bank or other entities. "This step embodies the keenness of the wise...
July 09, 2025

Al-Rajhi: Cabinet's decision is supportive to most vulnerable groups

The Heritage Commission stated that field teams continued carrying out survey and documentation programs, resulting in the inclusion of more than 1,100 new heritage sites in the National Register of Architectural Heritage in 2024.
Visitors to Saudi historical sites hit 6.5 million in 2024
Saudi Gazette report RIYADH — The number of visitors to heritage and historical sites across Saudi Arabia during the year 2024 reached approximately 6.5 million, according to the Ministry of Culture. This is a significant indicator of the growing interest among the community members and tourists in the Kingdom's cultural destinations, the ministry pointed out.Similarly, more than 25,000 architectural heritage sites in various regions of Saudi Arabia were registered, as part of ongoing efforts to inventory and preserve the nation's cultural and architectural heritage.The Heritage Commission,, under the Ministry of Culture, stated that field teams continued carrying out survey and documentation programs, resulting in the inclusion of more than 1,100 new heritage sites in the...
July 09, 2025

Visitors to Saudi historical sites hit 6.5 million in 2024

The SASO offers this service through the electronic “Saber” platform, which enables importers to obtain a vehicle import consignment certificate to ensure compliance of vehicles and motorcycles with relevant technical regulations.
SASO urges vehicle importers to verify compliance before shipping to Saudi Arabia
Saudi Gazette report RIYADH — The Saudi Standards, Metrology and Quality Organization (SASO) has called on individual importers of new and used vehicles to ensure their vehicles comply with Saudi standards before shipping them to the Kingdom through the vehicle import service.SASO offers this service through the electronic “Saber” platform, which enables importers to obtain a vehicle import consignment certificate to ensure compliance of vehicles and motorcycles with relevant technical regulations.This helps avoid returning non-compliant vehicles to the country of shipment, thereby improving the efficiency of the import process and saving importers time, effort, and money.
July 09, 2025

SASO urges vehicle importers to verify compliance before shipping to Saudi Arabia

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