Author: Editorial Team

RIYADH — Minister of Industry and Mineral Resources Bandar Alkhorayef held a bilateral meeting with President of Oman’s Public Authority for Special Economic Zones and Free Zones Qais Al-Yousef. They discussed enhancing industrial cooperation and developing joint investments between the two countries. The meeting addressed ways to strengthen cooperation in the fields of industrial cities and special economic zones, in addition to developing strategic partnerships that enhance industrial integration between the two countries, in a manner that supports regional supply chains and boosts the competitiveness of the Saudi and Omani economies.Both sides emphasized the importance of expanding industrial and investment…

The commerce sector achieved significant milestones in 2025, as detailed in the Saudi Vision 2030 annual report. The Kingdom secured the 17th position globally in the IMD World Competitiveness Yearbook, a result of over 1,000 economic, procedural, and technological reforms implemented through the Saudi Competitiveness and Business Center in partnership with 65 government entities. These efforts have streamlined the regulatory environment and successfully stimulated broad economic activity. Economic indicators for 2025 exceeded expectations, with the private sector’s contribution to GDP reaching 51%, a 4% increase over the previous year. Small and medium-sized enterprises (SMEs) contributed 22.9%, growing at a rate of…

RIYADH — Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Local Content and Government Procurement Authority Bandar Alkhorayef said that the percentage of local content in Saudi Arabia jumped from 28 percent in 2018 to 51 percent last year, with investments exceeding SR18 billion, contributing to knowledge transfer and building community capabilities. The minister attributed this to the activation of the roles of the authority ever since its inception.Addressing the Local Content Award ceremony in Riyadh on Monday, he said that Local Content and Government Procurement Authority has become a powerful tool for…

Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, announced the signing of an agreement with the Environment Fund (EF), under the patronage of Eng. Abdulrahman Abdulmohsen AlFadley, Minister of Environment, Water & Agriculture. The agreement was signed by Munir bin Fahd Al-Sahli, Board Member and Acting CEO of the Environment Fund, and Tony Cripps, Managing Director and CEO of SAB, to provide credit facilities to beneficiaries of the incentives and grants program. The program aims to offer financing solutions to small and medium-sized enterprises (SMEs), mid-sized companies, and large corporates operating in environmental…

King Salman Humanitarian Aid and Relief Center (KSrelief) distributed 500 food baskets to displaced persons, those in need, and people with disabilities in the Republic of Mali, benefiting 3,000 individuals, as part of the food aid distribution project in Mali for 2026. This comes within the framework of the humanitarian and relief efforts provided by the Kingdom of Saudi Arabia through its humanitarian arm, KSrelief, to assist those in need and affected populations around the world. Source: Riyadh Daily

Huawei recently announced its intent to invest CNY18 billion ($2.6 billion) in global R&D for smart driving, a move that steps up the company’s efforts to strengthen its position in China’s growing EV market. Speaking in Beijing ahead of the country’s largest auto show, Huawei senior VP Jin Yuzhi reportedly said CNY10 billion of the sum will be directed toward computing power for AI training. According to Reuters, the Chinese vendor is aiming to scale total spending in the area to between CNY70 billion and CNY80 billion over the next five years. Huawei reportedly showcased 38 vehicles equipped with its…

RIYADH — Saudi Arabia has signed a joint executive program to support the continuity of education in crisis zones. The program aims to provide safe learning environments and psychological support for children affected by the disruption of education in the Gaza Strip due to the Israeli aggression, thus mitigating the impact of the current situation on the educational process.The King Salman Humanitarian Aid and Relief Center (KSrelief) signed – via video conference – on Sunday a joint executive program with the Saudi Center for Culture and Heritage to establish and operate safe learning spaces (field schools), in addition to providing…

RIYADH — Crown Prince and Prime Minister Mohammed bin Salman received a written message from Prime Minister of Bangladesh Tarique Rahman. The message is pertaining to further improving bilateral relations between the two countries.Deputy Minister of Foreign Affairs Waleed Al-Khereiji received the message from Humayun Kabir, Foreign Affairs advisor to the Bangladeshi prime minister, during their meeting in Riyadh on Monday.During the meeting, they reviewed bilateral relations. The officials also discussed topics of mutual interest. Source: Saudi Gazette

Clinics at Al-Jaada Health Center in Midi district, Hajjah Governorate, provided medical services to 2,459 beneficiaries during the period from March 25 to 31, with support from the King Salman Humanitarian Aid and Relief Center (KSrelief). The emergency clinic received 1,119 cases. The internal medicine clinic served 435 beneficiaries, while the pediatric clinic treated 330 children. The epidemic diseases clinic handled 107 cases, and the obstetrics and gynecology clinic served 461 patients. The maternity department recorded 7 cases. In supporting services, the laboratory conducted 661 tests, and the radiology department served 218 individuals. The pharmacy dispensed medications to 2,205 patients, while the…

Cisco recently unveiled its Universal Quantum Switch, a research prototype developed to remove a key interoperability hurdle in related networking. The switch works by routing information between different hardware platforms and encoding schemes over standard telecom fibre at room temperature. The company stated quantum devices typically only communicate with systems using the same encoding, which limits scale and multi-vendor networks. Cisco noted computers encode information in a different way and stated previously there was previously no switch which could accept and translate all major encoding modalities without destroying the quantum information in the process. The switch is designed to accept…