Environment & Energy | Saturday 9 December, 2023 10:48 am

African civil society unveils 5 recommendations for fight against climate change in the continent

At the 28th Conference of the Parties (COP28), an African civil society coalition has unveiled its five absolute priorities to fight climate change: adaptation, loss and damage, food systems; land use; and the protection and restoration of forests. The priorities were announced by Secou Sarr,...

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Environment & Energy | Saturday 9 December, 2023 10:37 am

OPEC+ to take action if necessary: Russia's Novak

Russian Deputy Prime Minister Alexander Novak said on Friday that OPEC+ will be ready to take a decision if market situation would require it, Reuters reported.   "We will analyze the situation on the oil market and, if necessary, make appropriate decisions," he...

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Government | Saturday 9 December, 2023 10:36 am

Insurance benefits expenses reach SAR 10.7B in November: GOSI

The General Organization for Social Insurance (GOSI) stated that total expenses of insurance benefits stood at SAR 10.7 billion in November.   GOSI indicated that compensation under the unemployment insurance scheme (SANED) exceeded SAR 87.2 million, while the total pensions...

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Government | Saturday 9 December, 2023 10:26 am

Saudi Arabia prioritizes new, start-up sectors; eyes digital economy: Al-Kassabi

Saudi Arabia eyes economic diversification and prioritizes new and start-up sectors, as its non-oil exports grew 77% from 2016 to 2022, said Majid Al-Kassabi, Minister of Commerce and Chairman of National Competitiveness Center.   During his participation at a ministerial...

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Government | Friday 8 December, 2023 8:50 am

Education Minister: 90 projects operational in 2023; 125 insolvent projects addressed

More than 90 educational service projects became operational in 2023, while 707 schools Kingdom-wide were rehabilitated in cooperation with the Ministry of Finance, Saudi Arabia’s Minister of Education Yousef Al Benyan said.   The ministry addressed over 125 insolvent projects to...

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Government | Friday 8 December, 2023 8:49 am

Saudi Arabia develops program to address water supply, demand until 2050: Minister

The Ministry of Environment, Water and Agriculture (MEWA) finalized setting the Kingdom’s water strategy, determining its water conservation needs to improve services and ensure their sustainability, Minister Abdulrahman AlFadley stated.    At Budget...

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Business & Money | Friday 8 December, 2023 8:36 am

2024 budget boosts Saudi economic growth: Al-Sayari

Saudi Arabia’s budget for 2024 aims to boost the Kingdom’s economic growth and development, Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), said. The Saudi economy proved to be highly resilient to face all global challenges, Alsayari added, pointing to the sound...

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Business & Money | Friday 8 December, 2023 8:30 am

Minister of Transport says 27 shipping lines added in 2023

Saudi Arabia added 27 new shipping lines in 2023, leading to faster arrival of goods, higher revenues, and improved shipping rates, Minister of Transport and Logistics Saleh Al-Jasser said at the 2024 Budget Forum.   The country is on the right track regarding the national strategy...

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Environment & Energy | Friday 8 December, 2023 8:26 am

Saudi Arabia, Russia agrees to boost cooperation in oil, petchem

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud held an official meeting with Russian President Vladimir Putin during the latter’s visit to the Kingdom, where they discussed historical and strategic relations between both countries and means of development in all...

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Business & Money | Friday 8 December, 2023 8:16 am

Ministry of Housing aims to raise home ownership by 1% annually

Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail said that the ministry is working to increase the home ownership rate by 1% annually since 2020, by adding more than 100,000 residential units every year.   Speaking during the 2024 Budget Forum, the minister...

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