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Crown Prince unveils Savvy Game strategy to invest SR142 billion in esports
RIYADH — Crown Prince Mohammed bin Salman, Chairman of the Board of Savvy Games Group, unveiled on Thursday the group’s strategy.The Crown Prince said: “Savvy Games Group is one part of our ambitious strategy aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030.“We are harnessing the untapped potential across the esports and games sector to diversify our economy, drive innovation in the sector and further scale the entertainment and esports competition offerings across the Kingdom”.Fully owned by the Public Investment Fund (PIF), Savvy’s strategy is to drive growth by investing in the electronic games industry and esports with a unique long-term investment horizon and long dated capital, creating more opportunities for participation and...
September 29, 2022

Crown Prince unveils Savvy Game strategy to invest SR142 billion in esports

Shingles vaccine available in primary care centers, says Health Ministry
Saudi Gazette reportRIYADH — Saudi Arabia's Health Ministry has announced the availability of vaccines for shingles, also known as zoster or herpes zoster, in all primary health care centers in the country.The ministry said that the vaccine will be given in two doses two to six months apart.The vaccine offered through the Ministry of Health’s primary care centers is one of the best standards of prevention, the ministry said, noting that it would contribute to preventing or reducing the risk of shingles for adults, in addition to reducing complications in those who have been confirmed to be infected with the disease.The virus may be transmitted from person to person via direct contact with open sores resulting from a herpes rash or through the air.People who are not immune to...
September 29, 2022

Shingles vaccine available in primary care centers, says Health Ministry

FSDP sets SR45 target for individual insurance
Saudi Gazette reportRIYADH — The director general of the Financial Sector Development Program (FSDP), Faisal Al-Sharif has stated that an ambitious target of SR45 has been set for individual insurance in 2025.Al-Sharif made the remarks at the 6th Saudi Insurance Symposium (SIS). He said the share of medical insurance will increase to 45%, instead of 33% in 2019.He also said that the FSDP targets the coverage of vehicle insurance to reach 77%, compared to 2019 when it was at 40%. They aim to increase it further by 2025, he added.Al-Sharif stated that this percentage is significantly lower compared to the global numbers.Additionally, FSDP aims to raise the contribution of the sector in the non-oil Gross Domestic Product (GDP) from 1.9% in 2019, to reach 2.4% in 2025.
September 29, 2022

FSDP sets SR45 target for individual insurance

Custodian of the Two Holy Mosques King Salman issued on Tuesday a royal decree appointing Crown Prince Mohammed Bin Salman as prime minister of Saudi Arabia. The Crown Prince’s assumption of Cabinet presidency enables Saudi citizens to go down memory lane to the beginning of their state after the unification by King Abdul Aziz, founder of modern Saudi Arabia.
The Crown Prince’s assumption of Cabinet presidency takes down memory lane of Saudis to the beginning of their state
Saudi Gazette Report RIYADH — Custodian of the Two Holy Mosques King Salman issued on Tuesday a royal decree appointing Crown Prince Mohammed Bin Salman as prime minister of Saudi Arabia. The Crown Prince’s assumption of Cabinet presidency enables Saudi citizens to go down memory lane to the beginning of their state after the unification by King Abdul Aziz, founder of modern Saudi Arabia.The text of the royal order, issued by King Salman, stated that this is “an exemption to the provision of Article 56 of the Saudi Basic Law of Governance, and the relevant provisions contained in the Law of the Council of Ministers. The royal order also included that the weekly session of the Cabinet, which the King attends, will be held under his chairmanship.Cabinet in the Basic Law of...
September 29, 2022

The Crown Prince’s assumption of Cabinet presidency takes down memory lane of Saudis to the beginning of their state

GASTAT: Saudi unemployment rate drops to 9.7% in Q2
RIYADH — The General Authority for Statistics (GASTAT) on Thursday published the Labor Market report for the second quarter of 2022 on its official website www.stats.gov.sa.According to the report, the Saudi unemployment rate has decreased to 9.7% in the second quarter of 2022, from 10.1% in the first quarter of 2022. The total unemployment rate (for Saudis and non-Saudis) has decreased to 5.8% in the second quarter, from 6.0% in the first quarter of 2022.The unemployment rate for Saudi females has also decreased in the second quarter of 2022, reaching 19.3% compared to 20.2% in the previous quarter, and the unemployment rate for Saudi males has decreased in the second quarter of 2022, reaching 4.7% from 5.1% in the previous quarter.The labor force indicators in the second quarter of...
September 29, 2022

GASTAT: Saudi unemployment rate drops to 9.7% in Q2

Prince Badr bin Abdullah bin Farhan during the UNESCO-MONDIACULT 2022 conference in Mexico City.
Culture Minister heads Saudi delegation to UNESCO-Mondiacult conference in Mexico
MEXICO CITY — Prince Badr bin Abdullah bin Farhan, Minister of Culture, headed the delegation of Saudi Arabia to the UNESCO World Conference on Cultural Policies and Sustainable Development (MONDIACULT 2022) which is hosted in Mexico City from 28 to 30 September 2022.Prince Badr attended the opening session of the conference, which seeks to reaffirm the global commitment to contemporary challenges facing multicultural societies and to formulate a forward-looking vision for cultural policies.The Minister of Culture headed the regional consultations for the Arab region of the Cultural Policies Conference representing the Kingdom of Saudi Arabia. The consultations focused on 4 main objectives: identifying the national and regional trends of cultural policies in countries, identifying and...
September 29, 2022

Culture Minister heads Saudi delegation to UNESCO-Mondiacult conference in Mexico

Dr. Khaled Al-Youssef signs the MOU with a representative of the US university.
Saudi Arabia’s Board of Grievances, US law school sign MOU in research and training
RIYADH — President of the Board of Grievances and President of the Administrative Judiciary Council Sheikh Dr. Khaled Al-Youssef signed on Wednesday a memorandum of understanding (MoU) with the US Case Western Reserve University (CWRU) in research and training.The terms of the agreement included training and development of judicial and administrative cadres and exchanging experiences in the administrative and organizational fields, in order to benefit from the CWRU’s expertise as one of the most prestigious international universities in the field of law and administration.A seminar was held entitled “Synergies between the Board of Grievances in the Kingdom of Saudi Arabia and CWRU School of Law in the United States of America", during which Dr. Khaled Al-Youssef presented a...
September 29, 2022

Saudi Arabia’s Board of Grievances, US law school sign MOU in research and training

Saudi Arabia strongly condemns Iranian attacks on Iraq’s Kurdistan region
RIYADH — The Ministry of Foreign Affairs has expressed Saudi Arabia's strong condemnation of the Iranian attacks on the Kurdistan Region of Iraq, killing and wounding a number of innocent people.The Ministry of Foreign Affairs reiterated its total rejection of all attacks that threaten the security and stability of Iraq, stressing the importance of the international community standing up against all Iranian violations that contradict international laws, charters and norms.The Kingdom expressed sincere condolences and sympathy to the government and people of Iraq, wishing a speedy recovery to all the injured. — SPA
September 29, 2022

Saudi Arabia strongly condemns Iranian attacks on Iraq’s Kurdistan region

File photo of SDRPY's Supervisor General Ambassador Mohammad Bin Saeed Al Jabir.
SDRPY signs new grant agreement of oil derivatives worth $200m for Yemeni people
RIYADH — As part of Saudi Arabia's continuous support to the Yemeni people and the directives of Custodian of the Two Holy Mosques King Salman and the Crown Prince, the Saudi Development and Reconstruction Program for Yemen (SDRPY) signed a grant agreement of Saudi oil derivatives with a total value of $200 million to provide a total of 250,000 metric tons of oil derivatives to Yemen.SDRPY was represented by its Supervisor General Ambassador Mohammad Bin Saeed Al Jabir and the Yemeni government was represented by Minister of Electricity and Energy Eng. Mane Yaslam Bin Yamin during the signing ceremony.This came in response to a request by the Yemeni government to help it provide oil derivatives to operate power generation stations in Yemen. The signing ceremony was also attended by...
September 28, 2022

SDRPY signs new grant agreement of oil derivatives worth $200m for Yemeni people

The CITC Governor Dr. Mohammed Bin Saud Al-Tamimi met with the Deputy Minister of Internal Affairs and Communications of Japan and the Minister of Economic Affairs of the Bahamas on the sidelines of the International Telecommunication Union (ITU)’s Plenipotentiary Conference in Romania.
CITC governor holds bilateral meetings on sidelines of ITU meet in Romania
BUCHAREST — The Communications and Information Technology Commission (CITC) Governor Dr. Mohammed Bin Saud Al-Tamimi held bilateral meetings on the sidelines of the International Telecommunication Union (ITU)’s Plenipotentiary Conference here in Romania.He met with the Deputy Minister of Internal Affairs and Communications of Japan and the Minister of Economic Affairs of the Bahamas.The meetings discussed ways to enhance strategic cooperation in developing the digital economy, as well as harnessing digital technologies for sustainable economic development.They also discussed a number of issues of common interest and ways to enhance the fields of technology, research and innovation in emerging technologies and communications.Saudi Arabia participates in the work of the ITU...
September 28, 2022

CITC governor holds bilateral meetings on sidelines of ITU meet in Romania

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