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Future Minerals Forum showcases rapidly changing face of Saudi Arabia's mining sector

RIYADH: Saudi Arabia, a nation which has been dependent on oil for several decades, is now on a path of transformation as the Kingdom’s Vision 2030 aims to diversify its economy by giving importance to sectors like mineral excavation and tourism. With mining touted to be a central part of these economic diversification efforts, Saudi Arabia is hosting the second edition of the

Saudi insurance sector's total premium in Q3 rises over 31% to $3.46bn: SAMA

RIYADH: Saudi Arabia’s insurance sector recorded a 31.9 percent increase in its total gross written premiums to SR13 billion ($3.46 billion) in the third quarter of 2022 compared to the same period last year, according to a recent report released by the Saudi Central Bank, also known as SAMA. Gross written premiums are the total premiums an insurer writes during a specific

Saudi holdings of US Treasuries rise to highest level in 2 years

CAIRO: The total value of US Treasuries held by Saudi residents in June increased to $119.2 billion from $114.7 billion in May, according to data from the US Department of the Treasury. The data showed that the month-on-month rise in US Treasuries had been the highest since August 2020, contrary to the trend seen in the year’s first half. In January, the US Treasuries holdings

Financing NEOM is the next big move

How NEOM's The Line aims to achieve harmony between urban development and preservation of nature in Saudi Arabia