عربي English Türkçe اردو فارسى
Logo
Latest News
Gulf

Minister of Investment Heads Saudi Government and Private Delegation to Latin America

Saudi Minister of Investment Khalid Al-Falih. (SPA)
Saudi Minister of Investment Khalid Al-Falih. (SPA)
TT
TT

Minister of Investment Heads Saudi Government and Private Delegation to Latin America

Saudi Minister of Investment Khalid Al-Falih. (SPA)
Saudi Minister of Investment Khalid Al-Falih. (SPA)

Minister of Investment Khalid Al-Falih is heading a high-level delegation composed of a number of government agencies, national companies and representatives of the private sector scheduled to pay an official tour of seven Latin American nations between July 31 and August 9, 2023, SPA said on Monday.
An official report said that the tour will take the Saudi delegation to the Federative Republic of Brazil, the Republic of Chile, the Republic of Costa Rica, the Republic of Argentina, the Republic of Panama, the Republic of Paraguay and the Republic of Uruguay.
The tour aims to strengthen investment relations, review the existing strategic partnership between the Kingdom of Saudi Arabia and Latin American countries, and highlight the qualitative and unprecedented opportunities that the Kingdom abounds in all fields.
In his first leg, Al-Falih is set to open the Brazilian-Saudi Investment Forum on Monday, in the presence of senior officials from the two countries. In addition, several officials and CEOs of major companies and representatives of the private sector from the two countries will participate in the forum, in order to enhance investment relations in all fields.
The forum will review investment opportunities and the environment in the Kingdom of Saudi Arabia and the Federative Republic of Brazil as well. It will also include discussion sessions on a number of topics aimed at strengthening investment relations in various areas of common interest, including investment opportunities in mining, food processing, agriculture, transport and logistics, health care, entertainment, pharmaceuticals and biotechnology. Moreover, the forum will highlight the possibility of partnership between investors in the two countries, with the participation of representatives of government agencies, the private sector and major Saudi and Brazilian companies.
During his tour of the other six-nation Latin American countries, the Minister of Investment and his accompanying delegation are scheduled to hold several roundtable-meetings with representatives of companies with the aim of exploring opportunities to strengthen and deepen investment partnerships.
The tour comes as an extension of previous visits organized by the Ministry of Investment to a number of Caribbean and Latin and South American countries aiming to enhance investment relations with the region, within the Kingdom’s keenness to build bridges of communication with various countries of the world.

Most Viewed

 
 
Gulf

GCC Secretary-General Affirms Gulf Stability as a Cornerstone of Global Stability

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi
Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi
TT
TT

GCC Secretary-General Affirms Gulf Stability as a Cornerstone of Global Stability

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi
Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi stressed during a working session before the European Parliament’s Committee on Foreign Affairs (AFET) that Gulf–European relations are more important than ever amid current regional and international challenges, and called for elevating them from consultation to a more practical partnership, SPA reported.

Albudaiwi, who is holding a series of meetings with senior officials in Brussels, explained that recent security developments in the region, along with threats to maritime routes, supply chains, and energy and food security, confirm that Gulf stability is not merely a regional matter, but a fundamental element of global stability.

He emphasized that the Strait of Hormuz must remain open and secure under international law, particularly UNCLOS (1982).

He also praised the EU’s condemnation of Iranian attacks on GCC states and its efforts to contain escalation through urgent diplomatic engagement.

Gulf

Makkah Police Arrest Resident over Fraudulent Hajj Ads

A general of the Grand Mosque in the holy city of Makkah. (SPA)
A general of the Grand Mosque in the holy city of Makkah. (SPA)
TT
TT

Makkah Police Arrest Resident over Fraudulent Hajj Ads

A general of the Grand Mosque in the holy city of Makkah. (SPA)
A general of the Grand Mosque in the holy city of Makkah. (SPA)

Makkah Region police arrested an Egyptian resident for fraud after posting advertisements on social media offering fake permits to enter the holy sites and fraudulent Hajj services, reported the Saudi Press Agency on Wednesday.

Legal action was taken against him and he was referred to the Public Prosecution.

The General Directorate of Public Security urged citizens and residents to adhere to Hajj regulations and guidelines and to report violators.

On Tuesday, the Saudi Ministry of Interior announced the penalties that will be imposed on violators of the regulations requiring a permit to perform Hajj.

A fine of up to SAR20,000 will be imposed on any individual found performing or attempting to perform Hajj without a permit.

A fine of up to SAR100,000 will be imposed on any person who applies for the issuance of a visit visa of any type for an individual who performs or attempts to perform Hajj without a permit.

Infiltrators, including residents and those who overstay their visas, will be deported back to their countries and banned them from entering the Kingdom for 10 years.

Gulf

Saudi Arabia’s KSrelief Distributes 29,000 Hot Meals in Gaza

KSrelief distributed 29,000 hot meals to the most vulnerable families in central and southern Gaza Strip. (SPA)
KSrelief distributed 29,000 hot meals to the most vulnerable families in central and southern Gaza Strip. (SPA)
TT
TT

Saudi Arabia’s KSrelief Distributes 29,000 Hot Meals in Gaza

KSrelief distributed 29,000 hot meals to the most vulnerable families in central and southern Gaza Strip. (SPA)
KSrelief distributed 29,000 hot meals to the most vulnerable families in central and southern Gaza Strip. (SPA)

The central kitchen operated by Saudi Arabia's King Salman Humanitarian Aid and Relief Center (KSrelief) distributed 29,000 hot meals to the most vulnerable families in central and southern Gaza Strip, as part of the Saudi public campaign to provide relief to the Palestinian people, reported the Saudi Press Agency on Wednesday.

This initiative demonstrates the Kingdom’s dedication, through KSrelief, to supporting the Palestinian people in times of crisis.

On Monday, KSrelief distributed 1,196 food baskets to the most vulnerable groups in Gaza's city of Khan Younis, benefiting 7,176 individuals.