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The Saudi Central Bank (SAMA) has announced that the share of electronic payments in the retail sector reached 62% of total payments, including cash, in 2022, exceeding the 60% target set by the Financial Sector Development Program (FSDP).
SAMA: E-payments share exceeds FSDP’s 2022 target
RIYADH — The Saudi Central Bank (SAMA) has announced that the share of electronic payments in the retail sector reached 62% of total payments, including cash, in 2022, exceeding the 60% target set by the Financial Sector Development Program (FSDP), one of the main programs of Saudi Vision 2030.This achievement reflects the continuous and accelerated development of local payments over the past few years. The progress in e-payments would not have been possible without the significant improvement in payment infrastructure, the enhancement of existing systems, and the introduction of new systems and services.This is in addition to progress in the regulatory, technical, and operational aspects of the sector has contributed to the recent transformation towards electronic...
April 11, 2023

SAMA: E-payments share exceeds FSDP’s 2022 target

Custodian of the Two Holy Mosques King Salman chairs Cabinet session on Tuesday at Al-Salam Palace in Jeddah.
Cabinet follows up on quality of services offered to pilgrims during Ramadan
JEDDAH — The Cabinet, chaired by Custodian of the Two Holy Mosques King Salman on Tuesday at Al-Salam Palace here, followed up on the quality of services offered to visitors to the Two Holy Mosques during the holy month of Ramadan by all agencies involved.The Cabinet inquired about the great care in serving the pilgrims and visitors and the integrated work system aimed at further facilitating the guests of Rahman to perform their asceticism and worship with comfort and ease.The Cabinet stressed that the Kingdom's advanced position in a number of international indexes related to the areas of smart cities, aviation security and artificial intelligence, and cited it as a reflection of the attention and support given by the state to these sectors and others, to enable them to continue...
April 11, 2023

Cabinet follows up on quality of services offered to pilgrims during Ramadan

14 Saudi cement companies penalized with fines totaling SR140 million for price manipulation
Saudi Gazette report RIYADH — The General Authority for Competition (GAC) has slapped fines amounting to a total of SR140 million on 14 Saudi local cement companies after they were found guilty of price manipulation.Each company has to pay fines amounting to SR10 million after they were convicted of trying to manipulate the domestic cement market with a price rise. The 14 manufacturers, who control most of the Saudi cement market, were accused of reaching an illegal agreement among themselves to raise cement prices and share the local markets. After conducting a thorough investigation into complaints filed by consumers, the GAC concluded that 14 cement firms were involved in illegal practices to “manipulate the market and increase cement prices.” The authority said that it had...
April 11, 2023

14 Saudi cement companies penalized with fines totaling SR140 million for price manipulation

Tony Chan, KAUST president
Save the date!
Living in the Kingdom, I’ve witnessed just how much Saudis take pride in their dates, and with good reason. Saudi Arabia produces an impressive 1.5 million tons of dates annually — that’s nearly 20% of the dates that are produced globally — with a total value of more than SR7.5 billion (around $2 billion).Most any Saudi is eager to share what they know about this national symbol — from identifying the different varieties, to naming the region they’re from and how they’re grown and harvested. More than a cash crop, these signature sweets are nutritious, delicious and at the heart of Saudi customs.Yet Saudi Arabia’s date palm trees are under attack. The red palm weevil is a deadly pest that is invading the region and killing these trees. The beetles bore their way into the...
April 11, 2023

Save the date!

Vice Minister of Foreign Affairs Waleed Al-Khereiji received Turkish Deputy Foreign Minister Ambassador Burak Akçapar and the accompanying delegation.
Saudi Arabia, Turkey hold political talks
Saudi Gazette reportRIYADH — Saudi Arabia and Turkey held on Monday the first round of political talks at the Foreign Ministry's headquarters in Riyadh.Vice Minister of Foreign Affairs Waleed Al-Khereiji received Turkish Deputy Foreign Minister Ambassador Burak Akçapar and the accompanying delegation.During the first round of political consultations, they discussed ways to enhance joint cooperation in various fields.They also reviewed intensifying bilateral work and coordination to achieve the aspirations of the leaders of the two countries and discussing the most prominent regional and international issues of common interest.The round of consultations was attended by the Turkish Ambassador to the Kingdom Fatih Ulusoy.
April 11, 2023

Saudi Arabia, Turkey hold political talks

Sports Minister Prince Abdulaziz said everyone should come to Saudi Arabia and see the true picture of what it is, and then make their decision on sportswashing after they see for themselves.
Sports minister rejects ‘sportswashing’ allegation amid Saudi Arabia’s fast growth in global sport
Saudi Gazette reportRIYADH — Minister of Sports Prince Abdulaziz Bin Turki Al-Faisal rejected outright the allegation that Saudi Arabia is misusing sportswashing for its image building.Responding to a question from an international television host, the minister’s reply was in a calm and composed manner, with a smile etched on his face. The broadcaster, Jon Wertheim of CBS Television, asked him if he had heard of the phrase sportwashing and its implications.The issue of sportswashing was examined by Wertheim during the CBS’s “60 Minutes” program on Sunday night. Saudi Arabia has emerged as a major player in global sport and hosting events.Wertheim said and asked the Saudi minister: “You’ve heard this term sportswashing, this idea that countries can cover up bad acts through...
April 11, 2023

Sports minister rejects ‘sportswashing’ allegation amid Saudi Arabia’s fast growth in global sport

Riyadh Police has arrested 3 expatriates for stealing gold and jewelry stores.
Riyadh Police arrests 3 expats for stealing gold and jewelry stores
Saudi Gazette reportRIYADH — The Riyadh Police has arrested 3 expatriates for stealing gold and jewelry stores.The expatriates, Bangladeshi nationality, were violators of the labor law and the residency (Iqama) law, the police said.It noted that they impersonated incorrect identities and committed robbery incidents and also traded the stolen goods.The Riyadh Police confirmed that they have recovered some of the stolen items.The accused were arrested and the legal measures were taken against them. They were then referred to the Public Prosecution.It is noteworthy that impersonating identity is considered as a penal crime that is punishable by law in Saudi Arabia.The penalties of impersonation vary according to the type of the crime, and its negative effects on individuals and society.
April 11, 2023

Riyadh Police arrests 3 expats for stealing gold and jewelry stores

Minister of Interior Prince Abdulaziz Bin Saud has inaugurated the “Regions” platform, which would support the regions’ Emirates in Saudi Arabia to carry out their tasks.
Interior minister inaugurates Regions platform 
Saudi Gazette reportRIYADH — Minister of Interior Prince Abdulaziz Bin Saud has inaugurated the “Regions” platform, which would support the regions’ Emirates in Saudi Arabia to carry out their tasks.The platform will review social, population and economic indicators in a way that support the decisions that will be provided by the ministries, government authorities concerned with spatial planning for public services, and determine its adequacy and achieving efficient spending in them.Prince Abdulaziz inaugurated the platform while chairing the 30th annual meeting of the princes of the regions.During the meeting, several topics were discussed, which aim to enable the regions’ Emirates to carry out its tasks, enhance its capabilities.Several recommendations were made during the...
April 11, 2023

Interior minister inaugurates Regions platform 

The MEWA has revealed that the investment volume of the Taif Rose in the Saudi market has amounted to more than SR64 million.
Investments in Taif Rose exceeds SR64 million in Saudi market 
Saudi Gazette reportRIYADH — The Ministry of Environment, Water and Agriculture (MEWA) has revealed that the investment volume of the Taif Rose in the Saudi market has amounted to more than SR64 million.MEWA said that there are about 550 million Taif Rose being picked and harvested from the Sarawat mountain in Taif governorate.It is noteworthy that the Taif Rose Festival’s basket has entered the Guinness Book of Records as the world’s largest rose basket, which carried more than 84.5 roses of approximately 26 species of the finest kinds of roses.The Ministry said that there are more than 910 farms for Taif Rose spread over several places in Taif governorate, which extends from the heights of Al-Hada and Al-Shafa mountains, and Wadi Mahram (Mahram valley), all the way to Al-Talhat,...
April 11, 2023

Investments in Taif Rose exceeds SR64 million in Saudi market 

Prophet's Mosque ready for surge of worshippers in last 10 days of Ramadan
MADINAH — The Prophet's Mosque usually receives a huge number of visitors and worshippers during the last 10 days of the holy month of Ramadan. As such, the Agency of the General Presidency for the Affairs of Prophet's Mosque has maximized its efforts to ensure that the surge in the number of worshippers and visitors in this period is attended to through an integrated system of services provided 24 hours.The agency has taken measures to prepare the mosque to receive huge numbers of people, including all floors and outdoor yards, and increased the efficiency and quality of provided services for the comfort of all worshippers.It has also mobilized human resources to ensure the smooth movement of the mosque worshippers. To provide high-quality services for the visitors, the agency...
April 11, 2023

Prophet's Mosque ready for surge of worshippers in last 10 days of Ramadan

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