萝莉视频

萝莉视频鈥檚 non-oil exports to UAE surge 10% in January: GASTAT聽

萝莉视频鈥檚 non-oil exports to UAE surge 10% in January: GASTAT聽
Machinery and mechanical equipment led the non-oil shipments at SR3.46 billion, followed by transport parts at SR1.74 billion, according to the General Authority for Statistics.聽Shutterstock
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Updated 30 March 2025

萝莉视频鈥檚 non-oil exports to UAE surge 10% in January: GASTAT聽

萝莉视频鈥檚 non-oil exports to UAE surge 10% in January: GASTAT聽

RIYADH: 萝莉视频鈥檚 non-oil exports to the UAE rose to SR7.10 billion ($1.89 billion) in January, a nearly 10 percent monthly increase, highlighting the Kingdom鈥檚 push to diversify beyond oil revenues.聽

Machinery and mechanical equipment led the non-oil shipments at SR3.46 billion, followed by transport parts at SR1.74 billion, according to the General Authority for Statistics.聽聽

In December, 萝莉视频鈥檚 non-oil shipments to the UAE totaled SR6.46 billion, down from SR7.17 billion in November and SR5.86 billion in October.聽

The rise in non-oil exports underscores the Kingdom鈥檚 progress in economic diversification, as it moves to reduce its decades-long reliance on crude revenues.聽

Affirming the non-oil private sector鈥檚 growth, 萝莉视频鈥檚 Purchasing Managers鈥 Index reached 58.4 in February, according to the Riyad Bank 萝莉视频 PMI survey compiled by S&P Global.聽

In January, the Kingdom鈥檚 PMI stood at 60.5, its highest level in 10 years.聽聽

In the UAE, the PMI was 55 in February, while Qatar and Kuwait recorded 51 and 51.6, respectively.聽

At the World Economic Forum in Davos in January, Saudi Finance Minister Mohammed Al-Jadaan reiterated the Kingdom鈥檚 commitment to economic diversification under Vision 2030, emphasizing that growing non-oil gross domestic product remains a priority over traditional oil revenues.聽

According to the GASTAT report, 萝莉视频 also exported plastic goods worth SR307 million in January, followed by base metals at SR288.2 million and chemical products at SR266.2 million.聽

China was another major destination for the Kingdom鈥檚 non-oil goods, receiving SR2.22 billion worth of products.聽

萝莉视频 exported plastic goods worth SR990.9 million to China, followed by chemical products at SR703.2 million.聽

India ranked third among non-oil export destinations, importing Saudi products worth SR2.00 billion in January, a 7.52 percent increase from the previous month.聽

Other top destinations for the Kingdom鈥檚 non-hydrocarbon goods in January were Turkiye, with a value of SR1.10 billion; the US at SR1.02 billion; and Qatar at SR763.6 million.聽

Egypt received non-oil goods valued at SR751.7 million in January, while exports to Kuwait and Belgium totaled SR646.9 million and SR632.2 million, respectively.聽

Overall non-oil exports聽

萝莉视频鈥檚 total non-oil exports in January reached SR26.48 billion, reflecting a 10.7 percent year-on-year increase.聽

In November, 萝莉视频's Minister of Economy and Planning, Faisal Al-Ibrahim, stated that non-oil activities now account for 52 percent of GDP, with the sector growing at 20 percent annually since Vision 2030鈥檚 launch.聽聽

GASTAT noted that national non-oil exports, excluding re-exports, rose by 13.1 percent over the same period.聽

A December report by Mastercard Economics highlighted 萝莉视频鈥檚 strong non-oil sector growth, forecasting a 3.7 percent GDP expansion in 2025 driven by further non-oil advancements.聽

Jeddah Islamic Sea Port was the primary exit point for non-oil goods in January, handling SR3.12 billion worth of shipments.聽

King Fahad Industrial Sea Port in Jubail and King Abdulaziz Sea Port in Dammam managed SR3.23 billion and SR2.50 billion in outbound goods, respectively.聽

Jubail Sea Port was the exit point for goods worth SR2.49 billion, followed by Ras Tanura Sea Port at SR1.65 billion and Ras Al Khair Sea Port at SR1.41 billion.聽

Via land, Al Batha Port processed SR1.89 billion in exports, while Al Hadithah Port handled SR706.5 million.聽

Among airports, King Khalid International Airport in Riyadh saw outbound shipments worth SR2.67 billion, followed by King Abdulaziz International Airport at SR2.26 billion.聽

King Fahd International Airport in Dammam handled SR286.9 million in exports.聽

Overall merchandise exports聽

萝莉视频鈥檚 total merchandise exports in January stood at SR97.18 billion, marking a 2.4 percent year-on-year rise.聽

The ratio of non-oil exports, including re-exports, to imports, increased to 36.5 percent in January from 35.7 percent in 2024.聽

However, oil exports declined by 0.4 percent year on year in January, reducing oil鈥檚 share of total exports from 74.8 percent in 2024 to 72.7 percent in 2025.聽

萝莉视频鈥檚 merchandise exports to Asia totaled SR75.43 billion in January, a 6.01 percent increase from the previous month.聽

Exports to Europe reached SR10.17 billion, followed by Africa at SR7.28 billion and North America at SR3.95 billion.聽

China was the top recipient of Saudi exports, receiving SR14.74 billion in January, a 20.32 percent increase from the previous month.聽

Other key destinations included India at SR10.60 billion, Japan at SR9.90 billion, and South Korea at SR9.05 billion.聽

萝莉视频鈥檚 exports to the UAE totaled SR8.44 billion, while outbound shipments to Egypt stood at SR2.84 billion.聽

Imports in January聽

萝莉视频鈥檚 imports rose 8.3 percent year on year in January 2025, reaching SR72.62 billion.聽

China remained the Kingdom鈥檚 top import source, supplying SR19.16 billion worth of goods, led by mechanical appliances and electrical equipment at SR7.95 billion.聽

The Kingdom imported transport products worth SR2.78 billion from China, followed by base metals at SR1.96 billion and textiles at SR1.19 billion.聽

Imports from the US totaled SR6.04 billion, while inbound shipments from the UAE and India stood at SR3.96 billion and SR3.80 billion, respectively.聽

萝莉视频 also imported goods worth SR3.00 billion from Germany and SR2.48 billion from Egypt.聽

Japan supplied SR3.44 billion in imports, followed by Italy at SR2.41 billion and France at SR1.85 billion.聽

Sea shipments accounted for SR44.72 billion of total imports, while land and air imports stood at SR8.62 billion and SR19.27 billion, respectively.聽

King Abdulaziz Sea Port in Dammam was the leading entry point, handling SR20.92 billion in imports, or 28.8 percent of total inbound shipments.聽

Jeddah Islamic Sea Port followed with SR16.75 billion, while Ras Tanura Sea Port and King Abdullah Sea Port processed SR1.70 billion and SR1.11 billion, respectively.聽

On land, Al Batha Port and Riyadh Dry Port handled SR3.82 billion and SR2.52 billion in incoming goods, respectively.聽

Among airports, King Khalid International Airport in Riyadh received SR9.01 billion in imports, followed by King Abdulaziz International Airport at SR6.24 billion and King Fahd International Airport at SR4.00 billion.


Building Arabic AI from the ground up

Building Arabic AI from the ground up
Updated 25 September 2025

Building Arabic AI from the ground up

Building Arabic AI from the ground up
  • From language depth to data security, regional AI must reflect local values, priorities

ALKHOBAR: When 萝莉视频 unveiled Allam, its homegrown Arabic large language model, it sent a clear signal: the Kingdom is no longer content to simply consume global AI technologies. 

It intends to build its own. For many, this was a moment of pride 鈥 a proof that the Arab world can produce tools designed to understand its own languages, cultures, and contexts.

But experts caution that Allam is only the first step in a much longer journey. Success will not be determined by the models alone, but by the invisible foundations that support them: data, infrastructure, governance, and trust.

鈥淵ou can鈥檛 capture the intent, emotion, and cultural depth of Arabic through translation,鈥 said David Barber, director of the UCL Centre for Artificial Intelligence and Distinguished Scientist at UiPath. 鈥淵ou need systems that think in Arabic from the ground up.鈥

David Barber, director, UCL Centre for Artificial Intelligence; distinguished scientist at UiPath. (Supplied)

Barber highlights a stark reality: only about 15 percent of Arabic text online is clean enough for training a large language model, compared with over 50 percent for English 鈥 a huge head start for models like GPT or Claude. Complicating matters further are Arabic鈥檚 complex grammar, diverse dialects, and the common mixing of English and Arabic in a single sentence.

鈥淲hen you train on noisy or shallow data, the system learns shortcuts,鈥 Barber explained. 鈥淚t can mimic fluency, but it misses the depth, the idioms, the cultural nuances, the rhythm of thought that makes Arabic distinct.鈥

For Barber, this underscores the importance of 萝莉视频鈥檚 push for locally sourced, high-quality datasets. Without them, any Arabic LLM risks becoming a shallow copy of English-language AI: competent at generic tasks but unable to capture the soul of the language it claims to represent.

Even the best data is ineffective if it cannot be properly organized, secured, and delivered to the model. Seema Alidily, regional director at Denodo, said Gulf enterprises still face major challenges here.

鈥淲ithout localized infrastructure, AI systems risk misunderstanding user intent or producing irrelevant outputs,鈥 she said. 鈥淒ata virtualization is one of the few ways to unify governance and access across cloud and on-site systems without moving sensitive information.鈥

Seema Alidily, regional director, Denodo. (Supplied)

Practically, this means investing in platforms that can pull data from dozens of scattered sources 鈥 from ERP systems to IoT sensors鈥 and present it in a unified view for AI to use. In 萝莉视频, where Vision 2030 projects depend on massive, real-time datasets, this approach is critical, especially given strict regulations on handling citizen data.

Alidily warned that merely replicating Western infrastructure may not suffice. 鈥淚n the Gulf, centralized visibility and compliance must come first,鈥 she noted. 鈥淚t is not just a technical issue, it is about aligning with the legal, cultural, and regulatory expectations of the region.鈥

For Bader AlBahaian, country manager for 萝莉视频 at VAST Data, the stakes go beyond efficiency 鈥 they touch on independence and security.

鈥淚f we depend exclusively on external platforms, we risk importing their policies and their priorities, often at the expense of regional needs,鈥 he said.

Bader AlBahaian, country manager, 萝莉视频, VAST Data. (Supplied)

AlBahaian advocates for 鈥渟overeign-by-design鈥 systems: storage and compute architectures that keep sensitive data within national borders, encryption and access controls that satisfy local regulators, and AI models trained under rules set by the Kingdom rather than a foreign vendor.

鈥淚t is not just about where the data sits,鈥 he added. 鈥淚t is about who gets to define how it is used, who takes responsibility when something goes wrong, and who has the power to switch the system off if necessary.鈥

This question of sovereignty is becoming urgent as AI begins to shape decisions in finance, healthcare, education, and public policy. A misaligned model trained on foreign data could issue recommendations that contradict local priorities 鈥 or worse, expose the region to economic or political risks.

But building perfect infrastructure is only half the challenge. Success ultimately depends on how AI is deployed.

鈥淒igital labor will allow businesses to have much deeper relationships with their customers,鈥 said Ibrahim Alseghayr, managing director of Salesforce 萝莉视频. 鈥淎nd by taking on so much of the routine work, AI frees humans to focus on collaboration, creativity, and critical thinking.鈥

Ibrahim Alseghayr, managing director of Salesforce 萝莉视频. (Supplied)

Alseghayr points to Agentic AI 鈥 systems that can act on a company鈥檚 behalf 鈥 as already transforming service centers, financial operations, and citizen engagement platforms. In 萝莉视频, he sees huge potential for digital labor in scaling mega-projects like Neom, automating logistics networks, and delivering smarter healthcare services.

He cautioned that this transformation must be carefully managed. 鈥淲e need strong governance, testing environments, and continuous oversight,鈥 he said. 鈥淥therwise, we risk building tools we do not fully understand, and that could erode trust instead of building it.鈥

Across all four experts, one theme is clear: global rules and imported frameworks will not suffice. The Arab world must craft its own AI governance models, rooted in its cultural and legal realities.

For Barber, Allam is a test case. 鈥淭his is the Kingdom鈥檚 chance to prove that it can build systems that are not only technically powerful but also aligned with its values,鈥 he added.

DID YOU KNOW?

鈥 Arabic鈥檚 complex grammar, dialect diversity, and frequent English鈥揂rabic mixing make it one of the hardest languages for AI to master. 

鈥 萝莉视频鈥檚 Allam is the first homegrown Arabic large language model, designed to think in Arabic rather than translate from English. 

鈥 Vision 2030 projects depend on real-time data, but regulations require strict handling of citizen information.

鈥淎gentic AI can create personalized treatment plans, autonomously monitor patients, and detect early signs of health deterioration before a doctor ever enters the room,鈥 he said.Alidily agrees, emphasizing that governance frameworks must reflect the Gulf鈥檚 unique data protection requirements, with regulators working closely with technology providers to define shared standards.

AlBahaian is even more direct. 鈥淭rust is earned through systems, not slogans. People need to know where their data is, who is using it, and for what purpose. That is the only way to build confidence at scale.鈥

The message is clear: Arabic AI鈥檚 future will not be decided by model size alone. It will depend on investments in infrastructure, sovereignty, and governance.

萝莉视频 has taken the first step with Allam. What comes next 鈥 the data pipelines, virtualized infrastructure, sovereign controls, and digital labor deployments 鈥 will determine whether the Kingdom becomes a true AI creator or remains a buyer of foreign-built intelligence.

 


萝莉视频, China seal $1.74bn investment deals at Beijing forum聽

萝莉视频, China seal $1.74bn investment deals at Beijing forum聽
Updated 25 September 2025

萝莉视频, China seal $1.74bn investment deals at Beijing forum聽

萝莉视频, China seal $1.74bn investment deals at Beijing forum聽

JEDDAH: 萝莉视频 and China signed 42 investment agreements worth over $1.74 billion across advanced industries, smart vehicles, and energy.

The deals, which also covered medical devices, equipment, and mineral resources, were inked at the Saudi-Chinese Business Forum in Beijing, attended by Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef, as part of his official visit.

Organized by the Federation of Saudi Chambers, the forum gathered around 200 companies and public and private sector representatives from both countries, the Saudi Press Agency reported. 

This follows growing bilateral trade between 萝莉视频 and China, which surpassed SR403 billion ($107.5 billion) in 2024 鈥 more than doubling in less than a decade 鈥 driven by shared goals such as Saudi Vision 2030 and China鈥檚 Belt and Road Initiative. 

In a post on his X handle, Alkhorayef said: 鈥淒uring my participation in the Saudi-Chinese Business Forum in the capital, Beijing, I affirmed the strength of the partnership between our two friendly nations, and the Kingdom鈥檚 keenness to expand this partnership to support our goals in industry and mining, strengthen international supply chains, and enhance our presence as an economic force contributing to the growth of the global economy.鈥 

He noted 萝莉视频 remains a key supplier of fuel, petrochemicals, and advanced materials, while China is the largest source of machinery, electronics, transport equipment, and consumer goods, with trade increasingly diversifying into high-value industries. 

The minister highlighted that Chinese investment in 萝莉视频 grew about 30 percent in 2024, surpassing SR31 billion, with growth in mining, automotive manufacturing, and petrochemicals. More than 750 Chinese companies operate in the Kingdom, including investors in NEOM, Jubail Industrial City, and Jazan City for Primary and Downstream Industries.  

Conversely, Saudi investments in China exceed SR8 billion, alongside memorandums of understanding with Chinese financial institutions valued at $50 billion. 

Alkhorayef emphasized the alignment of Vision 2030 with the Belt and Road Initiative to enhance connectivity, expand trade, and build resilient industrial systems.  

He added that efforts are underway to establish new supply chain corridors linking Asia with the Middle East, Africa, and Europe, reinforcing 萝莉视频鈥檚 role as a global industrial and logistics hub. 


萝莉视频 freezes rents in Riyadh for 5 years聽

萝莉视频 freezes rents in Riyadh for 5 years聽
Updated 25 September 2025

萝莉视频 freezes rents in Riyadh for 5 years聽

萝莉视频 freezes rents in Riyadh for 5 years聽
  • Crown Prince Mohammed bin Salman directed that the measures be enforced as part of broader efforts to safeguard tenant and landlord rights
  • Freeze could be extended to other cities and regions

RIYADH: 萝莉视频 has enacted sweeping new regulations to stabilize rental prices in Riyadh, including a five-year freeze on increases for residential and commercial properties. 

The measures, approved by the Cabinet and enacted by a royal decree, are designed to address surging rents in the capital and restore balance to the property market. 

Effective Sept. 25, landlords will no longer be permitted to increase rental values in existing or new contracts within Riyadh鈥檚 urban boundaries for a period of five years, according to a report by the Saudi Press Agency. 

The General Real Estate Authority will also have the authority to extend the freeze to other cities or regions with the approval of the Council of Economic and Development Affairs. 

Crown Prince Mohammed bin Salman directed that the measures be enforced as part of broader efforts to safeguard tenant and landlord rights, strengthen transparency, and ensure fair competition in the rental market, while supporting sustainable urban development in Riyadh, according to SPA.

The news agency鈥檚 report stated: 鈥淭he General Authority for Real Estate has studied the procedures in accordance with the best international practices and experiences to regulate the relationship between the landlord and the tenant.鈥

Under the new framework, rents for vacant units that were previously leased will be fixed at the value of the last registered contract, while rents for properties that have never been leased will continue to be determined by agreement between landlord and tenant. 

All lease agreements must be registered on the government鈥檚 Ejar digital platform, with both landlords and tenants entitled to submit contracts for registration. The other party will have 60 days to object before the contract is considered legally valid. 

The regulations also establish automatic renewal for leases across the Kingdom unless one party gives at least 60 days鈥 notice before expiration. 

Contracts with less than 90 days remaining at the time of implementation are exempt, as are leases terminated by mutual agreement after the notice period. 

In Riyadh, landlords cannot refuse to renew a contract if the tenant wishes to continue occupancy, except in three cases: non-payment of rent, structural safety issues verified by an official technical report, or the landlord鈥檚 personal need for the unit or that of an immediate family member. 

The authority may also define additional exceptions in the future. 

Landlords may challenge fixed rental values in specific circumstances, including when substantial renovations have increased property value, when the last lease contract predates 2024, or in other cases approved by the authority. The body will establish mechanisms to review and decide on such objections. 

Violations of the new system will carry fines of up to 12 months鈥 rent for the affected unit, alongside requirements to correct the violation and compensate the injured party. 

Penalties will be determined by committees established under Article 20 of the Real Estate Mediation Law. Landlords and tenants found in violation may appeal decisions within 30 days to the competent judicial authority. 

Whistleblowers who are not directly involved in enforcement may also receive up to 20 percent of the collected fine if their information results in a confirmed violation, with distribution rules set by the authority. 

Where the new regulations do not provide explicit guidance, provisions of the Civil Transactions Law will apply. 

The Cabinet also retains the right to amend the rules based on recommendations from the Council of Economic and Development Affairs and future reports from the General Real Estate Authority. 

The authority has been tasked with monitoring compliance, publishing clarifications, and providing public education on the new rules. 

It will also deliver periodic reports on rental prices and market performance.


萝莉视频 pitches mining opportunities to French firms

萝莉视频 pitches mining opportunities to French firms
Updated 25 September 2025

萝莉视频 pitches mining opportunities to French firms

萝莉视频 pitches mining opportunities to French firms

JEDDAH: French companies were pitched investment opportunites in 萝莉视频鈥檚 mining sector as the Kingdom prepares to launch a competitive tender on Sept. 28 for 162 new mining exploration sites. 

Some 15 firms took part in a virtual seminar, where they heard about projects located in the Al-Naqrah and Sukhaybarah Al-Safra belts in the Madinah region, according to a press release from the Ministry of Industry and Mineral Resources. 

The plan is part of a broader effort to open more than 50,000 sq. km of mineralized belts to investors by 2025. 

The initiative reflects 萝莉视频鈥檚 drive to accelerate mineral exploration and attract diverse investment, leveraging the Kingdom鈥檚 mineral wealth 鈥 estimated at SR9.4 trillion ($2.5 trillion) 鈥 to boost non鈥憃il revenue alongside the oil and petrochemical sectors. It also aligns with Vision 2030 goals to develop the mining sector, maximize economic benefits, and establish mining as a third pillar of industry. 

In the press release, the ministry stated: 鈥淭he seminar highlighted the advanced infrastructure supporting mining projects, including transportation, communications, and logistics networks. This reduces the timeframe for implementing and operating mining projects and enhances the competitiveness and attractiveness of the mining investment environment in the Kingdom. 

The seminar also served as preparation for the Saudi-French Mining Day on Oct. 8 in Riyadh, organized in partnership with the French Embassy, as the Kingdom seeks to establish mining as a third industrial pillar under Vision 2030. 

It will underscore both nations鈥 commitment to advancing collaboration in critical minerals, technology transfer, and sustainable mining practices. 

The meeting follows Minister of Industry and Mineral Resources Bandar Alkhorayef鈥檚 visit to France in early May, where he held discussions with senior officials from several French companies, including the CEO of Orano Mining. 

The Paris visit focused on securing a stable supply of critical minerals, such as lithium and cobalt, essential to 萝莉视频鈥檚 green energy initiatives and the growing electric vehicle sector. 

Alkhorayef also met with France鈥檚 Interministerial Delegate for Strategic Minerals and Metals Supplies, Benjamin Gallezot, to explore ways to strengthen global supply chain resilience and promote sustainability in the mining sector. 


Saudi banks driving GCC surge in US dollar debt issuance to fuel Vision 2030 growth: Fitch

Saudi banks driving GCC surge in US dollar debt issuance to fuel Vision 2030 growth: Fitch
Updated 25 September 2025

Saudi banks driving GCC surge in US dollar debt issuance to fuel Vision 2030 growth: Fitch

Saudi banks driving GCC surge in US dollar debt issuance to fuel Vision 2030 growth: Fitch

RIYADH: 萝莉视频鈥檚 banking sector is leading a shift in Gulf financing, driving a surge in US dollar-denominated subordinated debt to fund rapid credit growth and ambitious national projects, a new analysis showed. 

Fitch Ratings said Saudi banks are at the forefront of this regional trend, which is expected to continue into 2026 amid rising capital needs and tighter regulatory requirements. 

As the Saudi government pushes ahead with multi-trillion-dollar Vision 2030 initiatives, banks are turning to global US dollar markets to raise crucial capital, boosting issuance of complex, high-yield subordinated bonds. 

So far in 2025, Gulf Cooperation Council banks have issued over $55 billion in US dollar debt, already surpassing 2024鈥檚 total of $36 billion. 鈥淥ver half ($29.3 billion) is from Saudi banks, including $11.7 billion in additional Tier 1 (AT1) and Tier 2 capital,鈥 the agency said. 

Subordinated debt now accounts for over 70 percent of Saudi banks鈥 dollar issuance, up from about 50 percent in 2024, reflecting a move toward riskier instruments that strengthen banks鈥 capital bases. 

Fitch cited several drivers behind the surge. Saudi banks are experiencing the strongest credit growth in the GCC, projected at 12 percent in 2025. This lending boom, which finances large-scale Vision 2030 projects, is outpacing deposit growth and gradually eroding capital buffers. 

鈥淪trong financing growth is outpacing deposit growth and has eroded capital buffers in recent years. The sector common equity Tier 1 (CET1) ratio decreased by 213bp over 2020-2024,鈥 the report noted. 

Upcoming regulatory changes 鈥 including a 1 percent countercyclical buffer from May 2026 and tighter interest-rate risk rules 鈥 are expected to add further pressure on capital ratios.

Additionally, financing major Vision 2030 projects carries higher risk weightings under Basel III rules, further straining core capital. 

While AT1 instruments continue to dominate non-core capital markets, Saudi banks are also diversifying. They have issued nearly $6 billion in Tier 2 debt in 2025, helping balance their capital structure and attract a broader base of international investors. 

Fitch expects issuance momentum to continue into 2026, supported by over $10 billion of maturing debt that needs refinancing, ongoing financing demand, and anticipated lower interest rates.

About $1.8 billion of AT1 instruments reaching their first call date next year are also expected to be redeemed under favorable market conditions. 

Fitch Ratings had predicted that GCC banks are set to exceed $60 billion of US dollar debt issuance in 2025, and $40 billion excluding certificates of deposit, surpassing the record levels of 2024. 

In a report released earlier this month, the agency said the surge is driven by heightened maturities, strong credit growth and favorable financing conditions.