Ayat Nur

Business The 24 Fintech conference in Riyadh, Saudi Arabia (Photo by Turki al-Ogaili)

New $213 Million Venture Capital Fund Launches in Saudi Arabia

The full scale of Saudi Arabia’s potential as a global hub for financial technology came to the fore on day two of the first-ever 24 Fintech in Riyadh with the…

Ayat Nur (Riyadh)
Business A factory in al-Dammam produces various medical supplies, including face masks. (SPA)

Saudi Arabia Pushes to Boost Pharma Industry, Achieve Self-Sufficiency

Saudi Arabia is working to boost its pharmaceutical and medical equipment industries by localizing production, increasing their GDP contribution, and reducing…

Ayat Nur (Riyadh)
Business  Qiddiya project in Saudi Arabia (Vision 2030 website)

Saudi Arabia Updates Investment Law to Attract Foreigners

Saudi Arabia announced the approval of an updated investment law, which is expected to enter into force in early 2025, with the aim of attracting foreign…

Ayat Nur (Riyadh)
Business The King Abdulaziz Port in Dammam, eastern Saudi Arabia. (“Mawani” port authority)

Saudi Non-Oil Exports Hit Two-Year High

Saudi Arabia’s non-oil exports soared to a two-year high in May, reaching SAR 28.89 billion (USD 7.70 billion), marking an 8.2% year-on-year increase compared…

Ayat Nur (Riyadh)
Business Muralee Thummarukudy, Director of the G20 Initiative to Reduce Land Degradation at the United Nations Convention to Combat Desertification (Asharq Al-Awsat)

Thummarukudy: No Sustainable Development, Food Security without Land Reclamation

Four years have passed since the launch in Riyadh of the Global Initiative to Reduce Land Degradation during Saudi Arabia’s presidency of the G20 in November…

Ayat Nur (Riyadh)
Business The Saudi ESCO 2024 forum in Riyadh, Saudi Arabia. (Turky Al-Agili)

New Initiatives Target Energy Efficiency Growth in Saudi Arabia

The Saudi government has unveiled eight new initiatives to boost energy efficiency, targeting sustainable economic growth and lower carbon emissions. The…

Ayat Nur (Riyadh)
Business Executive Vice President for Economic Policies and Logistics Services at GACA Awad Al-Sulami. (Photo: Turki Al-Agili)

GACA Vice President: New Saudi Air Carrier to Be Launched Soon

Saudi Arabia is preparing to announce a new national air carrier in 2024 in line with the country’s goal to reach 250 global destinations by 2030. In…

Ayat Nur (Riyadh)
Business The Saudi Minister of Environment, Water and Agriculture during his visit to Nigeria. (Asharq Al-Awsat)

Riyadh Explores Agricultural Investment Opportunities in Africa

Saudi Arabia recently concluded agreements with a number of African countries with the aim to achieve sustainable agricultural development and promote food…

Ayat Nur (Riyadh)