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Petromin and Foton sign Four-Party MoU to establish joint commercial vehicle manufacturing plant in Saudi Arabia

As part of the Kingdom’s Vision 2030 ongoing efforts to strengthen its industrial sector and localize high-value manufacturing, Petromin Corporation, Foton, the Ministry of Investment, and the National Industrial Development Center signed a four-party memorandum of understanding (MoU) to explore the establishment of an integrated commercial vehicle manufacturing plant in Saudi Arabia.The initiative aims to develop local capabilities in manufacturing and logistics, strengthen supply chains, and increase localization rates in the vehicle sector. The scope of production will include heavy-duty trucks, light-duty trucks, and buses.Amr Al-Dabbagh, Chairman and CEO of Al-Dabbagh Group, commented: "This step aligns with our ambitions to promote a diversified economy based on industry and...

June 26, 2025

Petromin and Foton sign Four-Party MoU to establish joint commercial vehicle manufacturing plant in Saudi Arabia

Don't take risks: Make the proactive shift to new Windows 11 Pro devices as Windows 10 support nears end

With the official end of support for Windows 10 rapidly approaching on October 14, 2025, organizations are urged to refresh devices with new Windows 11 Pro devices to safeguard operations, enhance security, and embrace the future of productivity. This critical deadline, though seemingly distant, demands immediate attention given the complexities of budgeting, internal decision-making, and technical migration processes.Continuing to operate on Windows 10 beyond the support deadline poses significant risks. Without essential security updates, systems become increasingly vulnerable to cyberattacks and emerging threats, leaving sensitive data and critical infrastructure exposed. Furthermore, the cessation of technical support via phone or live channels will leave businesses without crucial...

June 25, 2025

Don't take risks: Make the proactive shift to new Windows 11 Pro devices as Windows 10 support nears end

SOUEAST enters KSA market amid a national push for sustainable mobility, set to redefine automotive landscape

In the recent years, Chinese automotive brands have been gaining strong traction in Saudi Arabia, offering a compelling mix of affordability, innovation, and technology that aligns well with the Kingdom’s rapidly evolving consumer preferences. As Saudi Arabia pushes forward with Vision 2030 and its ambitious goals to diversify the economy and localize industries, the automotive sector has become a key focus area, opening avenues for new players that deliver modern, sustainable mobility solutions.Saudi Arabia aims to achieve 30 percent electric vehicle (EV) fleet penetration in Riyadh by 2030 as part of its vision to reach net-zero emissions by 2060. Moreover, the Kingdom’s automotive sector is expected to expand at an annual growth rate of 12 percent by 2030, bolstered by strategic...

June 25, 2025

SOUEAST enters KSA market amid a national push for sustainable mobility, set to redefine automotive landscape

Gold prices drop sharply amid global market volatility

Saudi Gazette reportRIYADH — Gold prices plunged sharply on Tuesday as global market fluctuations and investor uncertainty triggered a downturn in the precious metals sector.The price of gold per ounce dropped to $3,314.67, signaling a significant shift that has drawn attention from traders and analysts around the world.In Saudi Arabia, the latest retail selling prices per gram were reported as follows: 24 Karat: SR399.64 22 Karat: SR366.33 21 Karat: SR349.68 18 Karat: SR299.73 The drop in gold prices reflects ongoing global economic instability and shifting investor sentiment, prompting many to reevaluate their strategies within the commodity markets.Analysts cite concerns over inflation, central bank policies, and geopolitical tensions as contributing factors to...

June 24, 2025

Gold prices drop sharply amid global market volatility

OECD Expert Team Leader: Saudi School Evaluation Framework sets a global benchmark for speed and comprehensiveness

As part of the ongoing technical cooperation between the Education and Training Evaluation Commission (ETEC) and the Organization for Economic Co-operation and Development (OECD), the OECD expert team concluded its visit to ETEC’s headquarters in Riyadh. The visit featured exchanges of expertise and in-depth discussions on technical frameworks for measuring learning outcomes and evaluating schools within Saudi Arabia’s K–12 education system.OECD delegates commended ETEC’s rapid development and institutional maturity, highlighting the significant progress made in evaluating K–12 education. They were particularly impressed by how the Commission achieved such swift and inclusive progress, especially given the large scale of Saudi Arabia’s education system.This was emphasized by...

June 24, 2025

OECD Expert Team Leader: Saudi School Evaluation Framework sets a global benchmark for speed and comprehensiveness

From JAECOO 7 to JAECOO 5: JAECOO revolutionizes Saudi Mobility Experience with a Comprehensive Product Matrix

In the Saudi automotive market, JAECOO has established a differentiated competitive edge with the philosophy of "originating from classic elements yet surpassing them." Its flagship model, the JAECOO 8, conquers diverse terrains with its luxurious off-road performance, while the JAECOO 7 stands out as the preferred choice for urban commuting with its intelligent safety configurations. Now, the brand has set its sights on the untapped A0-segment market, introducing the all-new JAECOO 5. This model not only continues the brand's delicate design heritage but also incorporates intelligent technologies such as connected vehicle systems and car KTV, while pioneering a pet-friendly cabin that precisely aligns with the needs of Saudi consumers.As the flagship model of the JAECOO...

June 23, 2025

From JAECOO 7 to JAECOO 5: JAECOO revolutionizes Saudi Mobility Experience with a Comprehensive Product Matrix

US President Donald Trump receives a gold helmet with his name on it during a visit to US Steel - Irvin Works in West Mifflin, Pennsylvania, May 30, 2025, to mark the deal between Nippon Steel and US Steel

Japan's Nippon seals controversial US Steel deal after Trump pact

NEW YORK — Japanese firm Nippon Steel has completed its long-sought takeover of US Steel, after agreeing to yield unusual control to the US government.Nippon's $14.9bn (£11bn) purchase of the smaller American company, will create one of the world's biggest steelmakers and turns Nippon into a major player in the US.The plan, first announced in 2023, had been seen as a lifeline for the storied but struggling 124-year-old US Steel.But the deal ran into trouble during last year's presidential election, when US President Donald Trump and his Democratic opponents said they were concerned about the foreign acquisition of one of the last major steel producers in the US.However, Trump reversed his stance, after Nippon made concessions which the President said had satisfied his...

June 19, 2025

Japan's Nippon seals controversial US Steel deal after Trump pact

Miele opens first experience center in Riyadh, marks strategic expansion into the Middle East

Miele, the global leader in premium domestic appliances, unveiled its first Miele Experience Center (MEC) in the heart of Riyadh, marking a significant milestone in the brand’s global expansion strategy.This landmark opening not only reinforces Miele’s commitment to the Middle East but also celebrates the enduring partnership with the Awad Badi Nahas Group, a collaboration rooted in shared values of innovation, excellence, and timeless quality.The occasion was further elevated by the presence of Dr. Reinhard Zinkann, Co-Proprietor and Executive Director of the Miele Group, who visited Saudi Arabia for the first time in over a decade underscoring the Kingdom’s growing strategic importance within Miele’s global vision.This state-of-the-art Experience Center introduces Saudi consumers...

June 18, 2025

Miele opens first experience center in Riyadh, marks strategic expansion into the Middle East

Alsulaiman Group acquires Taajeer Finance to lead digital transformation and growth in financial services

Alsulaiman Group, one of Saudi Arabia’s leading family-owned conglomerates, has announced the acquisition of Taajeer Finance Company. This strategic move signifies the Group’s official entry into the dynamic and rapidly growing financial services sector in the Kingdom.The acquisition comes at a time of accelerated transformation in Saudi Arabia’s financial sector, fueled by increased investment in fintech and regulatory support from the Saudi Central Bank (SAMA), including initiatives like the Regulatory Sandbox. It also aligns with the Financial Sector Development Program under Vision 2030, which seeks to promote financial inclusion and expand access to digital financial solutions for individuals and businesses.Saud Alsulaiman, CEO of Alsulaiman Group, commented on the acquisition:...

June 18, 2025

Alsulaiman Group acquires Taajeer Finance to lead digital transformation and growth in financial services

Mobile Festival across Riyadh features Dar wa Emaar's annual Eid Al Adha celebration

As part of its ongoing mission to foster interactive communities and elevate residents’ quality of life, Dar wa Emaar Real Estate Investment & Development Company hosted a festive Eid Al Adha celebration across multiple residential projects in Riyadh.The mobile celebration festival spanned across Saraya Al Fursan and Saraya Al Narjis, engaging a wide audience of residents and visitors alike. Clients of Saraya Al Jawan also took part, strengthening cross-community interaction.The celebration featured decorated trucks offering live entertainment, family-friendly activities, and festive giveaways as they toured the neighborhoods. The initiative was designed to bring the spirit of Eid directly to residents’ doorsteps, create joyful shared experiences, and reinforce the sense of belonging...

June 17, 2025

Mobile Festival across Riyadh features Dar wa Emaar's annual Eid Al Adha celebration

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