Saudi Arabia’s point-of-sales transactions grow 11 percent to reach $14.35bn in January RIYADH: Point-of-sale payments in Saudi Arabia recorded an 11 percent annual increase in January to reach SR53.8 billion ($14.35 billion), the latest data issued by the Saudi Central Bank showed. The surge in POS payments reflects the Kingdom’s commitment to digitalization and investments … Read more
RIYADH: Saudi Basic Industries Corp. has given its go-ahead for a $6.4 billion investment to build a petrochemical complex in Fujian, solidifying its partnership with China. To be developed in collaboration with Fujian Fuhua Gulei Petrochemical Co., the project is scheduled to commence construction in the first half of 2024, the company said in a … Read more
RIYADH: In a bid to attract global talent and diversify its economy away from oil, Saudi Arabia has added five new categories to its premium residency program. The program, launched in 2019, aims to allow eligible foreigners to live in the Kingdom and receive benefits such as exemption from paying expat and dependents fees, visa-free … Read more