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 Finance Minister Mohammed Al-Jadaan stated on Wednesday that a new unified regulator for the insurance sector in Saudi Arabia would be established soon.
Saudi Arabia to establish new unified regulator for insurance sector
Saudi Gazette reportRIYADH — Finance Minister Mohammed Al-Jadaan stated on Wednesday that a new unified regulator for the insurance sector in Saudi Arabia would be established soon.At the 6th Saudi Insurance Symposium (SIS), which is one of the largest forums for the insurance companies across the Middle East, he said that the new unified regulator for the insurance sector would enhance in developing the sector.He invited all the local and international investors to invest in it and asked them to take the sector seriously.He also invited the international insurance companies to invest in Saudi Arabia, by opening branches of their companies, or investing through joining Saudi investors.Saudi Arabia’s leadership led by Custodian of the Two Holy Mosques King Salman and under the...
September 28, 2022

Saudi Arabia to establish new unified regulator for insurance sector

Heritage Commission CEO Dr. Jasser Bin Suleiman Al-Harbash has stated that the archaeological sites, which have been discovered in the Kingdom, constitute only 15% of Saudi Arabia's treasures. (Courtesy photo — SPA)
Archaeological sites discovered constitute only 15% of KSA's treasures: Heritage Commission CEO
Saudi Gazette reportRIYADH — Heritage Commission CEO Dr. Jasser Bin Suleiman Al-Harbash has stated that the archaeological sites, which have been discovered in the Kingdom, constitute only 15% of Saudi Arabia's treasures.Dr. Al-Harbash made these remarks during the scientific conference of the Heritage Commission being held in Al-Jouf under the name ‘The Camel Sculpture Site and Its Cultural Importance from a Global Perspective’.He noted that 85% of the sites in Saudi Arabia have not yet been discovered, or discovered in a simple way and needs prospecting.There are 8,000 archaeological sites in the Kingdom, and more than 1,000 urban heritage sites, he said.Dr. Al-Harbash added that the antiquities sector has 45 local and international missions, and Saudi Arabia aims to increase...
September 28, 2022

Archaeological sites discovered constitute only 15% of KSA's treasures: Heritage Commission CEO

Saudi Arabia’s economy, measured by total gross domestic product (GDP), is estimated to become 60% more resilient to oil price shocks by 2030, according to a new study by the King Abdullah Petroleum Studies and Research Center (KAPSARC).
KAPSARC: Saudi economy 60% more resilient to oil market shocks as a result of Vision 2030 reforms
RIYADH — Saudi Arabia’s economy, measured by total gross domestic product (GDP), is estimated to become 60% more resilient to oil price shocks by 2030, according to a new study by the King Abdullah Petroleum Studies and Research Center (KAPSARC).Vision 2030’s economic reforms will make Saudi households’ consumption 40% less volatile, stabilize economic activity, employment levels and household income, improving the overall well-being of households in the long-term.The study, “Resilience of Saudi Arabia’s Economy to Shocks: Effects of Economic Reforms,” employs a KAPSARC model that mimics the economy’s response to external shocks. It uses economic data — GDP, investment, and household income — before and after the implementation of Vision 2030’s economic reforms are...
September 28, 2022

KAPSARC: Saudi economy 60% more resilient to oil market shocks as a result of Vision 2030 reforms

Minister of Hajj and Umrah Dr. Tawfig Al-Rabiah launched Nusuk with the aim of facilitating the arrival of Umrah performers from all countries of the world and easing procedures for issuing visit and Umrah visas electronically.
Hajj ministry replaces 'Etamarna' application with 'Nusuk'
MAKKAH — The Ministry of Hajj and Umrah has called on Umrah performers from inside the Kingdom of Saudi Arabia and those coming from all countries of the world to benefit from the Nusuk application that has replaced the Etamarna application.The update was made after Minister of Hajj and Umrah Dr. Tawfig Al-Rabiah launched Nusuk with the aim of facilitating the arrival of Umrah performers from all countries of the world and easing procedures for issuing visit and Umrah visas electronically.In addition it would also enrich the religious and cultural experience of Umrah performers through preparing religious and historical sites in the Kingdom of Saudi Arabia to receive guests as part of targets of Saudi Vision 2030.Etamarna application, since its launch, has achieved several numbers, such...
September 28, 2022

Hajj ministry replaces 'Etamarna' application with 'Nusuk'

Saudi Arabia’s new Defense Minister Prince Khalid bin Salman reaffirmed on Wednesday that his ministry will follow the Crown Prince and Prime Minister Mohammed bin Salman’s path that he has formulated to make the ministry a modern institution possessing professional military forces that can protect the security of the homeland and defend its interests.
Khalid bin Salman reaffirms resolve to follow Crown Prince’s path to build professional military forces
Saudi Gazette reportJEDDAH — Saudi Arabia’s new Defense Minister Prince Khalid bin Salman reaffirmed on Wednesday that his ministry will follow the Crown Prince and Prime Minister Mohammed bin Salman’s path that he has formulated to make the ministry a modern institution possessing professional military forces that can protect the security of the homeland and defend its interests.He said that the ministry of defense has well received the attention and follow-up of the Crown Prince, emphasizing that they will follow his approach, and the path he has set for it.Prince Khalid made the remarks in his first reaction to the royal order issued by Custodian of the Two Holy Mosques King Salman on Tuesday to appoint him as minister of defense.In a statement on his Twitter account, minister of...
September 28, 2022

Khalid bin Salman reaffirms resolve to follow Crown Prince’s path to build professional military forces

Gulf, world leaders congratulate Crown Prince on his new appointment
ABU DHABI/MANAMA/DOHA — Sheikh Mohamed Bin Zayed Al Nahyan, president of the United Arab Emirates (UAE), in a cable has congratulated Crown Prince Mohammed Bin Salman on the occasion of the issuance of a Royal Order appointing him as the prime minister of Saudi Arabia.Sheikh Mohammed Bin Rashid Al Maktoum, vice president of the UAE, prime minister and ruler of Dubai, has also congratulated Crown Prince Mohammed on the occasion.Meanwhile, King Hamad Bin Isa Al Khalifa of Bahrain congratulated Crown Prince Mohammed on the occasion of his new appointment.In a cable, the King of Bahrain expressed his sincere congratulations to the Crown Prince for the royal trust, wishing him permanent success to continue his efforts and giving to serve the Kingdom of Saudi Arabia and its people as well as...
September 28, 2022

Gulf, world leaders congratulate Crown Prince on his new appointment

Crown Prince Mohammed Bin Salman
OIC chief congratulates Crown Prince on becoming Saudi PM
JEDDAH — Secretary-General of the Organization of Islamic Cooperation (OIC) Hissein Brahim Taha has congratulated Crown Prince Mohammed bin Salman on his appointment as the Prime Minister of Saudi Arabia.Taha wished the Crown Prince further success in continuing his efforts to serve the Kingdom and its people and wished them further welfare and prosperity under the leadership of Custodian of the Two Holy Mosques King Salman, the current President of the Islamic summit.The secretary-general also commended the Kingdom of Saudi Arabia’s generous support and facilities to help OIC play its role in realizing solidarity through joint Islamic action. — SPA
September 28, 2022

OIC chief congratulates Crown Prince on becoming Saudi PM

The Saudi Yoga Committee, in cooperation with the Saudi Universities Sports Federation (SUSF), on Monday organized a virtual introductory lecture for all university representatives across Saudi Arabia on yoga under the title “Yoga for University Students of Both Genders”.
Yoga introduced to Saudi universities
RIYADH — The Saudi Yoga Committee, in cooperation with the Saudi Universities Sports Federation (SUSF), on Monday organized a virtual introductory lecture for all university representatives across Saudi Arabia on yoga under the title “Yoga for University Students of Both Genders”.The meeting, at the SSUF headquarters in the Ministry of Education, Riyadh, came within the framework of an integrated system of programs and initiatives of the Saudi Committee for Yoga, in order to spread awareness and motivate its practice as a lifestyle for all segments of society.The event coincided with the arrival of the first yoga delegation to the Kingdom from the Asian Yogasana Sports Federation in India for the qualification course for the first Saudi batch of Yoga Referees. The course is hosted by...
September 28, 2022

Yoga introduced to Saudi universities

Release of prisoners: Epitome of Mohammed bin Salman’s sagacious statesmanship
Saudi Gazette reportRIYADH — The successful mediation of Crown Prince Mohammed bin Salman that resulted in the release of 10 foreign prisoners of war by Russia is the latest example of the Saudi leader’s stature as a sagacious statesman who enjoys strong and intimate relations with the world leaders both in the West and the East.The released prisoners included five Britons, two Americans, and one prisoner each from Morocco, Sweden and Croatia.The Crown Prince’s outstanding diplomatic maneuvering in the release of the prisoners has been instrumental in further catapulting the prestigious position of Saudi Arabia, the world’s largest oil exporter, as one of the pioneering global leaders in humanitarian initiatives. Both Washington and Moscow have realized this fact at a time when the...
September 28, 2022

Release of prisoners: Epitome of Mohammed bin Salman’s sagacious statesmanship

The Crown Prince receives the newly appointed Defense Binister Prince Khalid bin Salman and commanders of various branches of the armed forces.
Crown Prince: Internal self-sufficiency of military industries jumps from 2% to 15%
JEDDAH — Crown Prince and Prime Minister Mohammed bin Salman met at the headquarters of the Ministry of Defense in Jeddah on Wednesday, Prince Khalid bin Salman, Minister of Defense, and military commanders.The Crown Prince expressed his thanks and appreciation for the sincere efforts of the Ministry of Defense personnel and the great progress they have achieved with the implementation of the Ministry's development program, and the increase in the internal self-sufficiency of the military industries from 2% to 15%. He hoped that it will reach 50% under the command and supervision of the Minister of Defense and the Ministry personnel.Crown Prince also cited his special feelings toward the Ministry of Defense and the period he spent working for it. He praised its performance, work and...
September 28, 2022

Crown Prince: Internal self-sufficiency of military industries jumps from 2% to 15%

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