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Sri Lanka, Saudi Arabia expand bilateral cooperation to multiple sectors

COLOMBO: Saudi Arabia and Sri Lanka are broadening their political consultation and expanding bilateral cooperation to over 60 areas, officials of both countries have told Arab News after their first joint committee meeting. A delegation of Sri Lankan officials was in Riyadh over the weekend for the first session of the Saudi-Sri Lankan Joint Committee, which was established
Saudi Arabia Ar Riya Sri Lanka Kingdom Of Saudi Arabia Sri Lankan Hamoud Al Qahtani

Saudi Arabia's NDMC closes May sukuk issuance at $1.15bn

RIYADH: Saudi Arabia’s National Debt Management Center has closed the issuance of SR4.33 billion ($1.15 billion) riyal-denominated sukuk in May. The sukuk issuance was divided into two tranches. The first tranche was SR1.3 billion maturing in 2033, while the second was SR3.03 billion maturing in 2037, NDMC said in a statement issued on Tuesday.
Saudi Arabia Ar Riya Global Trust Certificate Issuance Program Saudi Arabia National Debt Management Center National Debt Management Center Global Trust Certificate Issuance

Sotheby's Dubai to exhibit two of the world's rarest jewelry pieces

DUBAI: Sotheby’s Dubai on Monday unveiled two rare jewelry pieces, The Eternal Pink diamond and the Estrela de FURA ruby, at Dubai Diamond Exchange. The diamond, said to be the most significant pink diamond to come to market, is estimated at $35 million, while the ruby, a 55.22-carat stone that is the largest and most valuable to appear at an auction, is estimated at $30
United Arab Emirates New York United States Katia Nounou Boueiz Sotheby America Quig Bruning

Qatar hopes to attract foreign asset managers through its new market-making program

RIYADH: Qatar is set to attract foreign asset managers as its sovereign wealth fund dedicates up to 1 billion Qatari riyals ($275 million) toward a market-making program. The program will promote price discovery and diversify the country’s capital markets, reported the Qatar Investment Authority on Tuesday. In turn, this move will enable the market to pull in more foreign
Ar Riya Saudi Arabia Ad Daw Ah Mohammed Al Qatar Stock Exchange Saudi National Bank

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Ministry of Hajj and Umrah launches 2nd simulation for 2023

JEDDAH: The Ministry of Hajj and Umrah on Tuesday launched the second phase of transport simulations as part of preparations for Hajj 2023. The exercise includes more than 3,000 buses in partnership with security and regulatory authorities, and more than 10,000 workers. Hajj and Umrah Minister Dr. Tawfiq Al-Rabiah said that the second phase is part of the ministry’s efforts to
Saudi Arabia Tawaf Al Wadaa Tawaf Al Iafadah Tawaf Al Ifadah Tawfiq Al Rabiah Ministry Of Hajj

Argentina backs Saudi Arabia's Expo 2030 bid citing 'close ties'

RIYADH: Argentina's Ministry of Foreign Affairs announced via Twitter on Tuesday that it supported Saudi Arabia’s bid to host the World Expo 2030 in Riyadh, citing long-standing bilateral relations between the two countries. The Argentine government views Saudi Arabia as a strategic partner in the Middle East and values the prospects of expanding political and economic
Saudi Arabia Ar Riya Arabia Saudita Argentina Ministry Of Foreign Affairs Foreign Affairs World Expo

Hajj pilgrims from Pakistan, Afghanistan and India arrive in Kingdom

JEDDAH: The General Directorate of Passports at Prince Mohammed bin Abdulaziz International Airport in Madinah received the second group of Pakistani pilgrims on Tuesday, a day after the arrival of the first group. The directorate said that entry procedures for all pilgrims, which came as part of the Makkah Route initiative, ran without issue. It declared its readiness to
Saudi Arabia Nasser Al Dawood King Salman Ministry Of Health Authority Of Civil Aviation Saudi Directorate Of Health Affairs

British school Reigate Grammar opens in Riyadh

RIYADH: The Royal Commission for Riyadh City announced on Tuesday the opening of Reigate Grammar School in Riyadh. The British school in Riyadh is being established under the international schools attraction program, an initiative to attract major international schools to the Saudi capital, in partnership with the Ministry of Education and Ministry of Investment. The program
United Kingdom Ar Riya Saudi Arabia Republic Of Shaun Fenton Hala Halawani

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