Author: Editorial Team
RIYADH — Foreign direct investment (FDI) inflows into Saudi Arabia rose 2.4% year-on-year to SR26.6 billion ($7 billion) in the first quarter of 2026, according to economic and investment indicators released by the Ministry of Investment on Sunday. The data showed that gross fixed capital formation increased by 5.1% year-on-year in the first quarter, driven by a 54% rise in government investment and a 1.3% increase in non-government investment. Saudi Arabia’s labor market also continued to strengthen, with the unemployment rate among Saudi nationals falling to 6.4% in the first quarter, while the overall unemployment rate stood at 3.1%. The…
Governor of Taif Prince Fawaz bin Sultan bin Abdulaziz received today Consul General of the Republic of Singapore in Jeddah K. Chandra Kumar. During the meeting, they exchanged cordial talks and discussed topics of mutual interest. Source: Riyadh Daily
SEATTLE — FIFA has lifted the one-match suspension of United States striker Folarin Balogun ahead of Monday’s World Cup Round of 16 clash against Belgium after reviewing the controversial red card he received against Bosnia and Herzegovina, a decision that followed intervention by U.S. President Donald Trump. Balogun, the United States’ leading scorer with three goals, was sent off in Wednesday’s 2-0 victory over Bosnia and Herzegovina for stepping on the ankle of defender Tarik Muharemović, an incident that initially carried an automatic one-match suspension. According to a person familiar with the matter, Trump contacted FIFA President Gianni Infantino after…
ARLINGTON, Texas — Cristiano Ronaldo has confirmed that the 2026 FIFA World Cup will be the final tournament of his illustrious international career, saying he wants to enjoy every moment before Portugal’s Round of 16 showdown with Spain. Speaking at a rare World Cup news conference on Sunday, the 41-year-old Portugal captain said he hopes his farewell tournament does not end against Spain, but acknowledged this will be his sixth and final World Cup appearance. “I want to enjoy what will be my last World Cup to the fullest,” Ronaldo said. “Hopefully tomorrow won’t be my last match.” Portugal’s all-time…
RIYADH — Australian coach Ange Postecoglou has officially begun his tenure as Al Nassr head coach after arriving in Riyadh and signing his contract, with the club unveiling the former Tottenham Hotspur and Celtic manager as the leader of its first-team project for the new season. Postecoglou completed the formalities at Al Nassr’s headquarters, where he signed the contract alongside sporting director Simao Coutinho, marking the start of a new chapter for one of the Saudi Pro League’s most ambitious clubs. Speaking in his first official interview after the signing ceremony, Postecoglou said Al Nassr’s sporting vision and the growing…
Governor of Taif Prince Fawaz bin Sultan bin Abdulaziz received today Consul General of the Republic of Singapore in Jeddah K. Chandra Kumar. During the meeting, they exchanged cordial talks and discussed topics of mutual interest. Source: Riyadh Daily
RIYADH — The National Program to Combat Commercial Concealment carried out more than 4,500 inspection visits across the Kingdom in June 2026, resulting in the detection of 104 suspected cases of commercial concealment. The inspections were conducted based on intelligence indicators and suspicion reports related to potential violations of the Anti-Commercial Concealment Law. The suspected cases have been referred to the relevant authorities for investigation and the application of legal penalties where violations are confirmed. The inspection campaigns focused on verifying the compliance of commercial establishments and detecting offenses under the Anti-Commercial Concealment Law. Targeted sectors included land freight transport,…
RIYADH — Saudi Arabia and Kenya signed three memorandums of understanding (MoUs) during the inaugural meeting of the Saudi-Kenyan Political Consultations Committee, co-chaired by the Saudi Foreign Minister and Kenya’s Prime Cabinet Secretary and Cabinet secretary for Foreign and Diaspora Affairs. The meeting, held on Sunday at the Ministry of Foreign Affairs headquarters in Riyadh, brought together Prince Faisal bin Farhan and Musalia Mudavadi to strengthen bilateral relations, enhance coordination and consultation, serve the two countries’ mutual interests, and contribute to regional security and stability. At the conclusion of the meeting, the two sides signed three MoUs. The first, aimed…
RIYADH — The King Salman Humanitarian Aid and Relief Center (KSrelief) announced that the total value of its humanitarian assistance reached $8.54 billion through 4,404 projects benefiting 114 countries as of June 2026. According to the center’s latest statistical report, Yemen remained the largest recipient of assistance, accounting for 56% of total aid valued at $4.79 billion, followed by Syria with $583.38 million (6.83%), Palestine with $542.48 million (6.35%), Somalia with $257.17 million (3.01%), Pakistan with $228.34 million (2.67%), and Sudan with $190.63 million (2.23%). In Yemen, KSrelief’s support has covered a broad range of humanitarian sectors, including food security…
Ministers and officials from several countries expressed interest in joining programs hosted by the Rabigh Water Oasis in Rabigh Governorate and expanding cooperation with the Saudi Water Authority after touring the oasis’s advanced research infrastructure, including more than 20 specialized laboratories, on the sidelines of Saudi Water Week. The delegation comprised Pakistan’s Federal Minister for Water Resources Muhammad Mueen Wattoo, Kosovo’s Minister of Environment and Spatial Planning Fitore Pacolli Dalipi, Libya’s Minister of Water Resources Husni Awidan, alongside official delegations from Italy, Oman, Kuwait, and Tunisia. The oasis hosts an integrated innovation ecosystem covering research and development, prototyping, capacity building, incubation, and…