Jeddah: The Saudi Ports Authority (Mawani) announced the addition of the new maritime shipping service ‘China Red-Sea’ by Global Feeder Shipping LLC, along with Regional Container Lines (RCL) and TS Lines, to Jeddah Islamic Port. According to Saudi Press Agency, the move is set to facilitate global trade, strengthen supply

Riyadh: In light of global developments and in alignment with its objective of maintaining monetary stability, the Saudi Central Bank (SAMA) has decided to reduce the Repurchase Agreement (Repo) rate by 25 basis points to 4.25 percent, and to reduce the Reverse Repurchase Agreement (Reverse Repo) rate by 25 basis

Jeddah: The Hotel and Restaurant Supplies Expo 2025, organized by the Jeddah Chamber, began yesterday at the Jeddah International Exhibition and Convention Center. According to Saudi Press Agency, this exhibition highlights innovations in the hospitality and culinary sectors, providing a platform for manufacturers, suppliers, and investors worldwide. Its goal is

Jeddah: The Islamic Development Bank (IsDB) Group has entered into a memorandum of understanding (MoU) with the New Development Bank (NDB) in Jeddah to boost collaboration on infrastructure and sustainable development initiatives that are of mutual interest. The agreement was formalized yesterday with the signing by IsDB Vice President for

Riyadh: The Saudi Stock Exchange main index ended trading higher today, gaining 26.37 points to close at 10726.16 points. According to Saudi Press Agency, the total value of trading reported was SAR3.4 billion. The Saudi Parallel Market Index (NOMU) ended the day by losing 22.50 points to close at 23896.90

Al-jouf: Governor of Al-Jouf Region and Chairman of the Supervisory Committee for Jouf Strategic Development Office Prince Faisal bin Nawaf bin Abdulaziz, today at his office, held a meeting with officials from the World Bank Regional Center. According to Saudi Press Agency, the meeting reviewed the joint work project between