Saudi Press

Saudi Arabia and the world
Wednesday, Feb 18, 2026

From Festive Traditions to Global Trade Initiatives: A Snapshot of Today's World Events

Saudi Arabia emerges as a leading G20 destination in international visitor spending, while strengthening trade and regulatory ties with global partners.
Millions of Filipinos courageously faced storms and crowds as they returned home to celebrate All Saints' Day, a beloved tradition where families come together to honor their departed loved ones with grave visits, prayers, and festive meals, akin to Thanksgiving or Christmas.

Meanwhile, New Zealand has finalized a milestone trade deal with the Gulf nations, significantly boosting key exports by eliminating tariffs on 51% of exports immediately and securing duty-free access for almost all goods over the next decade.

In a bid to enhance pilgrimages, Saudi Arabia's Minister of Hajj and Umrah, Tawfig Al-Rabiah, wrapped up a productive Balkans tour, launching the Nusuk platform in Albania and securing an air transport agreement with Kosovo to improve travel connectivity for Muslims.

Building on these diplomatic strides, Saudi Arabia is set to host the ImpaQ Impact Makers Forum in Riyadh in December 2024, bringing together global influencers and industry experts to explore cutting-edge topics like AI and AR in digital content creation.

Alongside these digital initiatives, Saudi Arabia has also strengthened regulatory collaboration in medicine and cosmetics with China, through a Memorandum of Understanding that promises to enhance the exchange of regulatory information and best practices between the two nations.

Finally, Saudi Arabia's strategic efforts are paying off in tourism, as it emerges as the top G20 leader in international visitor spending, boasting surges in both visitors and tourism revenue, underscoring its rising status as a premier global travel destination.
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