Riyadh Air CEO Tony Douglas announces the launch of the new Saudi airline. The inaugural route, with the first flight scheduled for October 26, will be between Riyadh and London, UK. The second route will connect Riyadh and Dubai, United Arab Emirates. ©Fayez Nureldine/AFP
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Saudi Arabia earned USD 22.8 billion from international oil sales in December. The commodity accounted for 79% of the country’s exports.
The Saudi Ports Authority announced a shipping line connecting Jubail Commercial Port with six international ports.
A source said that as of 2024, the administration will no longer contract with foreign enterprises unless they have their regional headquarters in Saudi Arabia.
Users will be able to access the internet for up to two hours a day.
An IMF staff mission traveled to the Arab country and advised the government not to increase spending on the back of the oil price hike, as well as meet fiscal targets.
