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Saudi Arabia Projects 3.6% Budget Deficit for 2027

The Finance Ministry's pre-budget statement forecasts spending of 1.392 trillion riyals and revenue of 1.2 trillion riyals in 2027, resulting in a fiscal deficit equivalent to 3.6% of gross domestic product.
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Saudi Embassy in Washington Hosts National Day Reception With Senior US Officials

Saudi Arabia's embassy in Washington held a National Day reception featuring cultural exhibitions and attended by senior US diplomats and members of Congress.

Riyadh Season Finalizes Entertainment and Hospitality Program for Winter

Saudi organizers completed preparations for the next Riyadh Season, with international entertainment, dining and cultural attractions expected to draw large domestic and oversea...

Red Sea Global Plans New Luxury Eco-Resorts at The Red Sea and AMAALA

Red Sea Global announced upcoming resort openings featuring off-grid solar systems and marine conservation measures across its west-coast tourism developments.

Diriyah Development Accelerates Work on Hotels, Museums and Cultural Venues

Construction at the historic Diriyah project near Riyadh is progressing ahead of schedule on luxury hotels, museums and performing arts facilities designed to expand cultural to...

Saudi Energy Ministry Reaffirms Policy of Supporting Stable Oil Markets

Saudi energy officials reiterated their commitment to petroleum-market stability through supply management, dialogue with international producers and investment in energy-transi...

Saudi Fund for Development Finances Solar Desalination and Irrigation Projects Abroad

The Saudi Fund for Development signed financing agreements for solar-powered desalination plants and agricultural irrigation networks in developing partner countries.

Saudi Arabia Hosts Multinational Cyber Defense Exercise in Riyadh

Saudi cybersecurity authorities convened regional and international experts for a cyber defense drill focused on strengthening critical infrastructure against ransomware and oth...

Saudi Arabia Expands AI Infrastructure Partnerships With Global Cloud Providers

The Saudi Data and Artificial Intelligence Authority secured new agreements with international cloud companies to deploy advanced data-center infrastructure supporting generativ...

Saudi Aramco Advances Expansion Plans for SATORP Refining and Petrochemical Complex

Saudi Aramco began preparatory engineering tenders for an expansion of the Saudi Aramco Total Refining and Petrochemical Company facility aimed at increasing refining integratio...

Saudi Public Investment Fund Advances 2026-2030 Strategy Focused on Technology and Capital Efficiency

The Public Investment Fund is moving ahead with its five-year strategy emphasizing long-term returns, domestic investment and international partnerships in artificial intelligen...

Saudi Unemployment Falls to 6.5% Among Citizens

Official labor data showed unemployment among Saudi nationals declined to 6.5% in the second quarter, supported by job growth in private services and technology sectors.

Saudi Arabia and EU Hold Talks on Trade Barriers and Market Access

Saudi trade officials and European Commission representatives held technical discussions aimed at easing regulatory barriers and expanding market access, building on bilateral t...
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