Saudi Minister Unveils 19 Health Projects to be Launched in 2 Years

Health Minister Dr. Tawfiq Al-Rabiah launches the Saudi Center for Patient Safety in Riyadh in 2017 via (SPA)
Health Minister Dr. Tawfiq Al-Rabiah launches the Saudi Center for Patient Safety in Riyadh in 2017 via (SPA)
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Saudi Minister Unveils 19 Health Projects to be Launched in 2 Years

Health Minister Dr. Tawfiq Al-Rabiah launches the Saudi Center for Patient Safety in Riyadh in 2017 via (SPA)
Health Minister Dr. Tawfiq Al-Rabiah launches the Saudi Center for Patient Safety in Riyadh in 2017 via (SPA)

Saudi Minister of Health Dr. Tawfiq al-Rabiah said the institutional transformation is allowing his ministry to focus its efforts on regulating and supervising the sector rather than providing and financing the services.

He added that care services are being provided through health centers and include primary care centers, hospitals, medical towns and specialized hospitals, reducing waiting time and enabling health facilities to take decisions faster.

“The budget includes many projects that will contribute to a remarkable growth and improvement in the health facilities and services across the Kingdom,” Rabiah noted.

He explained that 150 indicators have been implemented to improve performance through the implementation of the health performance program. The average waiting time for appointments in clinics has been reduced from 59 days to 24.7 days.

The rate of patients waiting less than 4 hours in emergencies has improved from 36 percent to 88 percent, and the average number of days patients sleep in intensive care units has been reduced from 6.7 days to 5.6 days, corresponding to 16 percent additional beds in the unit.

Rabiah added that there are 19 mega health projects, including hospitals and medical towers, that are ready for operation and will be inaugurated during 2018 and 2019 in a number of regions and provinces in the Kingdom.

These projects, according to the Minister, will represent a distinctive addition to the health services system and will contribute to the improvement of these services and push forward the course of health work in the country.

Minister of Housing Majed al-Hoqail, for his part, said his ministry has started building 42 new housing projects in various regions of the Kingdom this year.

While Minister of Education Ahmed al-Issa said, “We have a project to create 600 educational buildings to dispose of rented premises.”

“We seek to make the recruitment of domestic workers from neighboring countries,” commented Minister of Labor Ahmed al-Rajhi, adding that the ministry has launched 12 new business activities during 2018.



Saudi Stocks Rebound 0.9%, Recouping Previous Session's Losses

An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
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Saudi Stocks Rebound 0.9%, Recouping Previous Session's Losses

An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)

Saudi stocks closed higher on Monday, recovering some of the losses sustained in the previous session as heavyweight shares strengthened and the banking sector advanced.

The benchmark Tadawul All Share Index (TASI) rose 0.90% to close at 10,106 points, gaining 90 points. Total trading value reached approximately SAR 3.5 billion ($933 million).

The index had fallen 0.8% on Sunday amid selling pressure on heavyweight stocks.

Anaam International Holding Group, Fitaihi Holding Group and Raoom were among the session's top gainers, rising between 7% and 9% to close at SAR 11.93, SAR 2.11 and SAR 72.30, respectively.

On the losing side, Almunajem Foods led the declines, shedding 9.20% to SAR 49.94, followed by Saudi Paper Manufacturing Co., which fell 6.18% to SAR 48.88, and Alamar Foods, which dropped 4.63% to SAR 44.06.

At the sector level, banks led the gains, advancing 1.60%, supported by a 2.06% rise in Bank AlJazira shares, which closed at SAR 10.89.


Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
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Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)

Tesla will have to refund Cybertruck deposits for many customers as orders far exceed production capacity, CEO Elon Musk said, following last week's announcement that the electric vehicle maker is winding down the pickup truck's production at its Texas factory.

"We will try ‌to make ‌as many as ‌possible ⁠before shutting down the ⁠line in about 8 months, but will have to return deposits for a lot of people," the billionaire said in a post on X on Monday.

The comments ⁠come after Musk said ‌Tesla would ‌add an extra production shift to fulfill outstanding ‌Cybertruck orders before dismantling the production ‌line next year to expand output of its Cybercab robotaxi.

The production winddown is slated for mid-2027, Musk announced on ‌Friday, with the resources being redirected to the Cybercab, a vehicle ⁠central ⁠to the automaker's autonomous-driving ambitions.

Tesla began delivering the Cybertruck in late 2023, but demand has fallen far short of Musk's expectations. US sales fell 48% to 20,237 units last year, according to Kelley Blue Book, well below Musk's earlier projection that annual Cybertruck sales could reach 250,000 vehicles.


China Extends Suspension of New Rare Earth Controls Until January

A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. (Reuters)
A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. (Reuters)
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China Extends Suspension of New Rare Earth Controls Until January

A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. (Reuters)
A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. (Reuters)

China on Monday announced a two-month extension of export-control waivers due to expire this month, preserving part of a wide-ranging deal struck after a summit between Presidents Xi Jinping and Donald Trump.

China introduced export controls on certain rare earths ‌in April 2025, ‌only to expand ‌them ⁠further in October ⁠of that year, dramatically widening their scope and also adding new controls on certain diamonds with industrial applications and lithium battery technology.

The measures were then ⁠paused for one year last ‌November after ‌a summit in South Korea ‌between Xi and Trump.

The Ministry of ‌Commerce said in a short statement on Monday that the pause would be extended for two months ‌until January 10. It gave no other details.

The extension ⁠is ⁠part of a broader suspension of trade countermeasures and tariffs announced by China on Monday as it negotiates with Washington over an enduring trade deal.

Trump is set to travel to Shenzhen in southern China later this month for an APEC leaders summit, where he is expected to meet with Xi.