GOVERNMENT

Saudi Arabia’s 2022 budget to see first surplus since 2013 at $24bn

Saudi Arabia’s 2022 budget to see first surplus since 2013 at $24bn

RIYADH: Saudi Arabia expects a 2022 budget surplus of SR90 billion ($24 billion), the Saudi Press Agency reported, citing a Cabinet statement. If achieved, this will be the first fiscal surplus since 2013. Total revenues for 2022 are estimated at SR1.05 trillion, while spending is estimated at SR955 billion — the lowest level since 2017. […]

Saudi Arabia to host 42nd GCC summit on Tuesday

Saudi Arabia to host 42nd GCC summit on Tuesday

RIYADH: Saudi Arabia will host and preside over the 42nd session of a summit for Arabian Gulf countries on December 14, the Secretary-General of the Gulf Cooperation Council said on Sunday. Nayef Falah Mubarak Al-Hajraf congratulated the Kingdom for assuming the presidency of the forty-second session of the GCC and thanked Bahrain for its great […]

Saudi crown prince arrives in Kuwait on final leg of GCC tour

Saudi crown prince arrives in Kuwait on final leg of GCC tour

DUBAI: Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Kuwait on Friday after leaving Bahrain, the fourth leg of his tour of Gulf countries aimed at bolstering relations. The crown prince sent a cable of thanks to Bahrain’s rulers after his departure. “As I leave your brotherly country, it gives me great pleasure to express […]

Saudi crown prince’s Bahrain visit puts a time-tested relationship in the limelight

Saudi crown prince’s Bahrain visit puts a time-tested relationship in the limelight

Saudi Crown Prince Mohammed bin Salman’s visit to Bahrain, his latest stop on a tour of the Gulf states, is expected to cement ties between the two kingdoms, with both witnessing strong reciprocal trade and a burgeoning tourism sector. Ahead of the visit, Saudi Arabia’s King Salman sent a written message to Bahrain’s King Hamad […]

Bahraini leaders congratulate King Salman on successful Saudi Arabian Grand Prix

Bahraini leaders congratulate King Salman on successful Saudi Arabian Grand Prix

Bahrain’s King Hamad on Monday congratulated Saudi Arabia’s King Salman over the great success of the inaugural Formula 1 Saudi Arabian Grand Prix at the Jeddah Corniche Circuit. King Hamad praised the “distinguished organization of this international sporting event” that showed that the Kingdom benefits from huge capabilities and potentials, which will boost it’s status […]

Saudi Arabia’s crown prince arrives in Qatar, meets emir

Saudi Arabia’s crown prince arrives in Qatar, meets emir

Saudi Crown Prince Mohammed bin Salman on Wednesday arrived in the Qatari capital, Doha, on the third leg of his official tour of neighboring Gulf countries. Prince Mohammed and Sheikh Tamim reviewed relations between their two countries and ways to enhance cooperation in various fields, as well as the latest regional and international developments. The crown […]