萝莉视频

Saudi education spending hits $275m amid schools reopening

Saudi education spending hits $275m amid schools reopening
Education was one of only three sectors that saw positive change across the seven days, with the total POS value seeing a weekly drop of 0.5 percent to stand at SR13.41 billion. File/SPA
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Updated 46 min 52 sec ago

Saudi education spending hits $275m amid schools reopening

Saudi education spending hits $275m amid schools reopening
  • Food and beverages recorded a 5.2% decrease to SR1.78 billion
  • Riyadh dominated POS transactions, with expenses reaching SR4.90 billion

RIYADH: Education spending in 萝莉视频 surged 132.1 percent to SR1.03 billion ($275.2 million) for the week ending Aug. 23, helping to keep total point-of-sale transactions above the SR13 billion mark.

The sector was responsible for the third largest share of this week鈥檚 POS value and recorded a 47.8 percent increase in the number of transactions, reaching 270,000.聽

Education was one of only three sectors that saw positive change across the seven days, with the total POS value seeing a weekly drop of 0.5 percent to stand at SR13.41 billion.

The relatively small fall underscores the resilience of consumer activity across the Kingdom, according to data from the Saudi Central Bank.聽

Another sector to post an increase was recreation and culture, up 5.6 percent in value terms, although the weekly bulletin showed the two subcategories in that metric registered contrasting fortunes.

Expenditure on books and stationery grew in both value and volume, with spending up 34.5 percent to SR165.14 million, and the number of transactions increasing 40.2 percent to 948,000.

Outlays on recreation dropped by 11.3 percent to SR185.96 million.

The largest percentage decrease across the seven days came in the airlines subcategory, with the value of transactions dropping by 15.8 percent to SR41.82 million. Spending on hotels followed, falling by 14.5 percent to SR272.12 million.聽

Gas stations saw a 5.9 percent decrease to come in at SR936.40 million.

Food and beverages, the sector with the biggest share of total POS value, recorded a 5.2 percent decrease to SR1.78 billion, while the restaurants and cafes cohort saw an 8.4 percent drop, totaling SR1.55 billion and claiming the second-biggest share of this week鈥檚 POS.聽

The top three categories accounted for approximately 32.52 percent of the week鈥檚 total spending, amounting to SR4.36 billion.

Spending on transportation and health both saw 6.2 percent drops, to SR972.18 million and SR793.94 million, respectively. Small decreases were seen in spending on furniture and construction materials at 3.1 percent and 2.5 percent to SR448.26 million and SR389.29 million, respectively.

Geographically, Riyadh dominated POS transactions, with expenses in the capital reaching SR4.90 billion, a 6.8 percent increase from the previous week.聽

Jeddah followed despite a 2.5 percent dip to SR1.77 billion, while Dammam ranked third, up 6.9 percent to SR671.80 million.


Saudi brands to push $30bn franchise sector at Moscow expo聽

Saudi brands to push $30bn franchise sector at Moscow expo聽
Updated 8 sec ago

Saudi brands to push $30bn franchise sector at Moscow expo聽

Saudi brands to push $30bn franchise sector at Moscow expo聽

RIYADH: Saudi brands will showcase the Kingdom鈥檚 $30 billion franchising industry at Moscow鈥檚 BuyBrand International Franchise Expo in October, part of a broader push to expand their global footprint and attract overseas investment. 

The National Committee for Franchising, under the Saudi Chambers of Commerce, said the Kingdom鈥檚 pavilion will run from Oct. 1 to 3 in cooperation with the Saudi Commercial Attache in Moscow and the Ministry of Investment鈥檚 office in Russia, according to a press release. 

萝莉视频鈥檚 franchising sector is the largest in the Middle East, with more than 1,000 local and international brands. It is expanding about 15 percent annually and supports hundreds of thousands of jobs, making it a key pillar of the Kingdom鈥檚 non-oil diversification strategy. 

Khalid Al-Ghamdi, chairman of the National Committee for Franchising, said: 鈥淪audi participation in this global exhibition reflects the strength of the Kingdom鈥檚 franchising sector, which exceeds $30 billion and grows at an annual rate of 15 percent.鈥 

He added: 鈥淭his participation also represents a cornerstone in supporting Saudi Vision 2030 by developing the non-oil economy and enabling Saudi brands to expand globally.鈥 

The Saudi Pavilion will connect domestic firms with investors and entrepreneurs from Russia, Belarus, and Kazakhstan, as well as Azerbaijan, Turkiye and the UAE. 

The event is expected to attract over 6,000 visitors and 180 franchisors from around the world, offering a key opportunity for Saudi brands to expand into Russia and neighboring markets while promoting economic and investment cooperation between the two countries. 

The expo will feature one-on-one B2B meetings between Saudi brand owners and international counterparts, alongside the signing of cooperation agreements and strategic partnerships across key sectors such as food and baverage, hospitality, services, and education. 

Beyond showcasing brands, the National Committee is providing comprehensive logistical and media support, coordinating travel and shipping procedures to ensure a strong and effective presence. 

It is also developing the National Franchising Co., an investment platform aimed at helping Saudi firms expand efficiently into international markets. 


Jordan鈥檚 exports rise on strong demand from 萝莉视频, Iraq, and Syria

Jordan鈥檚 exports rise on strong demand from 萝莉视频, Iraq, and Syria
Updated 18 min 2 sec ago

Jordan鈥檚 exports rise on strong demand from 萝莉视频, Iraq, and Syria

Jordan鈥檚 exports rise on strong demand from 萝莉视频, Iraq, and Syria
  • Overall national exports grew 9% to 4.38 billion dinars
  • Re-exports edged up 1.2% to 431 million dinars

JEDDAH: Jordan鈥檚 exports to countries in the Greater Arab Free Trade Area climbed 16.9 percent to 1.85 billion dinars ($2.6 billion) in the first half of 2025, fueled by stronger demand from 萝莉视频, Iraq and Syria. 

Overall national exports grew 9 percent to 4.38 billion dinars, while re-exports edged up 1.2 percent to 431 million dinars, bringing total exports to 4.81 billion dinars, Jordan News Agency reported, citing the Department of Statistics. 

This comes as a report released in July by the International Monetary Fund highlighted Jordan鈥檚 continued economic resilience amid regional conflicts and global uncertainty, attributing the performance to the authorities鈥 adherence to sound macroeconomic policies. 

The IMF said Jordan鈥檚 ownership of the Extended Fund Facility remains strong, with program targets consistently met, saying the economy grew 2.5 percent in 2024 and is projected to gradually strengthen over the next two years on the back of sound policies and faster reforms. 

The steady export growth stems from proactive government measures to boost export capacity, including targeted support for the industrial sector, enhanced trade partnerships, and a focus on product quality, according to Yanal Barmawi, spokesperson for the Ministry of Industry, Trade, and Supply. 

Barmawi said the positive momentum also reflects Jordan鈥檚 King Abdullah II鈥檚 active diplomacy, which has expanded the country鈥檚 international economic network. 

鈥淭he king鈥檚 recent visits to countries like Uzbekistan and Kazakhstan have opened new channels for promoting Jordanian goods, while previous visits continue to yield commercial benefits and investment opportunities,鈥 Petra reported that Barmawi said. 

He added that 鈥渢hese high-level engagements help position Jordanian products more competitively across global markets,鈥 and urged the business sector to seize opportunities by building cross-border partnerships and expanding market reach. 

Key sectors driving growth included apparel, up 8.2 percent to 831 million dinars, chemical fertilizers, up 10.2 percent, pharmaceuticals, up 10 percent, raw potash, up 4.7 percent, and miscellaneous goods, up 16.3 percent. 

Imports also increased, reflecting higher demand for machinery, jewelry, electrical equipment, and grains, while crude oil and derivatives declined. Barmawi said the rise was mainly driven by stronger local demand, production needs, and higher raw material costs. 

Exports to key countries also grew, with 萝莉视频 up 19.3 percent to 612 million dinars, Syria rising 404.8 percent to 106 million dinars, and Iraq increasing 15.5 percent to 431 million dinars. 

Beyond the Arab world, exports to non-Arab Asian countries rose 16 percent to 901 million dinars, and exports to the EU increased 14 percent to 228 million dinars, benefiting from trade agreements such as the Jordan-EU Association Agreement. 

Barmawi expressed optimism for continued export growth in the second half of the year, supported by ongoing initiatives to enhance product competitiveness and improve access to international markets. He said the Industrial Support Fund helps manufacturers boost production and exports. 

He also highlighted government efforts to reopen the Bab Al-Hawa border crossing between Syria and Turkiye, easing transit for Jordanian goods, particularly vegetables, bound for European markets. 

Barmawi reaffirmed the ministry鈥檚 commitment to supporting exporters, addressing challenges, maintaining dialogue with the private sector, and opening new markets through trade agreements and promotional initiatives. 


萝莉视频, China strengthen trade and investment ties in high-level talks

萝莉视频, China strengthen trade and investment ties in high-level talks
Updated 27 August 2025

萝莉视频, China strengthen trade and investment ties in high-level talks

萝莉视频, China strengthen trade and investment ties in high-level talks

RIYADH: Saudi Investment Minister Khalid Al-Falih met with China鈥檚 Commerce Minister Wang Wentao in Beijing during an official visit, underscoring growing economic ties between the two countries. 

The ministers discussed strengthening cooperation in global trade and boosting direct investment across several sectors, Al-Falih said in an Arabic post on X. The meeting also saw the signing of the minutes of the Saudi-China Trade, Investment and Technology Committee. 

This comes as the Kingdom looks to deepen partnerships with China, its largest trading partner, in line with its Vision 2030 diversification strategy. 

鈥淒uring my official visit to the capital, Beijing, I was pleased to meet with H.E. Wang Wentao, Minister of Commerce of the People鈥檚 Republic of China. We discussed developing cooperation in global trade and enhancing direct investments across several sectors,鈥 Al-Falih said. 

He added: 鈥淭he minutes of the Trade, Investment, and Technology Committee between our two friendly countries were also signed.鈥 

Al-Falih also attended a roundtable with the Saudi ambassador to China, over 35 Chinese financial institutions, and Saudi public and private sector representatives to review investment opportunities and deepen financial cooperation. 

鈥淲e convened a high-level roundtable with the Saudi Ambassador, the Chairman of CCPIT, and the head of the China Chamber of Commerce, joined by 70+ Chinese firms across energy, construction, industry, transport, logistics, telecoms, aerospace, and health,鈥 the minister said. 

During the meeting, Wang urged closer cooperation in new energy and capital markets while highlighting the alignment of China鈥檚 Belt and Road Initiative with Crown Prince Mohammed bin Salman鈥檚 Vision 2030 diversification plan, Reuters reported. 

He said there is potential to 鈥渆xpand bilateral trade volumes, elevate the level of two-way investment cooperation, and broaden collaboration in areas such as new energy, industrial supply chains and capital markets.鈥 

萝莉视频 is one of the few countries with a trade surplus with China. Chinese customs data showed that while the Asian country exported over $50 billion worth of goods to the Kingdom in 2024 鈥 including smartphones, solar panels, and saloon cars 鈥 Saudi exports to China totaled $57 billion, over 80 percent of which was oil. 

Al-Falih also met with Shanghai Mayor Gong Zheng to explore investment collaboration under the Saudi-Chinese High-Level Joint Committee. 

His visit included workshops on industrial value chains, food security, and maritime industries. One session focused on building a fully integrated logistics value chain with over 50 Chinese companies, while another addressed investment in shipbuilding and maritime supply chains. 

鈥淕iven the critical role of maritime transport in global trade, exploring investment in shipbuilding and maritime industries has become increasingly important,鈥 Al-Falih said. 


Saudi-US mining officials explore critical minerals opportunities

Saudi-US mining officials explore critical minerals opportunities
Updated 27 August 2025

Saudi-US mining officials explore critical minerals opportunities

Saudi-US mining officials explore critical minerals opportunities

JEDDAH: 萝莉视频 and the US are set to strengthen mining ties as the Kingdom鈥檚 industry minister met the US energy secretary to explore joint opportunities in critical minerals and supply chains.

Bandar Alkhorayef held a bilateral meeting with Chris Wright to discuss ways of enhancing mining cooperation during his official trip to the US. The meeting was attended by Saleh Al-Sulami, CEO of the National Industrial Development Center, along with several officials from both sides, according to a statement by the Ministry of Industry and Mineral Resources.

The two officials underscored the importance of strengthening collaboration to support critical mineral supply chains, which are witnessing increasing global demand. They also agreed to bolster critical minerals cooperation to enhance global supply chain resilience.

The talks come as 萝莉视频鈥檚 Vision 2030 seeks to expand its mining sector, valued at SR9.4 trillion ($2.5 trillion), and diversify its economy beyond oil and become a global hub for critical minerals.

鈥淎t the beginning of my official visit to the US, I met with His Excellency the US Secretary of Energy, and we discussed ways to enhance cooperation between our two countries in the industrial and mining sectors, in addition to exchanging technical knowledge and expertise, in a manner that contributes to supporting the global industrial transformation and the sustainability of supply chains,鈥 Alkhorayef said in a post on his X account.

The meeting was held within the framework of a memorandum of cooperation signed in May between the Saudi Ministry of Industry and Mineral Resources and the US Department of Energy on the sidelines of the Saudi-US Investment Forum in Riyadh.

Alkhorayef emphasized the Kingdom鈥檚 commitment to improving the investment environment for mining, enhancing its attractiveness, and simplifying regulatory procedures as part of ongoing efforts to explore and exploit mineral resources and maximize their contribution to economic diversification.

Wright highlighted 萝莉视频鈥檚 significant role and influence in the global mining sector, stressing the importance of strengthening international cooperation, expanding public-private partnerships, and accelerating the adoption of advanced mining technologies to foster sustainable growth.

The meeting also highlighted the Future Minerals Forum that the Kingdom annually hosts, which serves as a global platform for decision-makers, non-government organizations, and investors, as well as mining technology companies and research institutions to develop innovative solutions for sector challenges and promote sustainability.

Alkhorayef invited Wright to participate in the fifth edition of the event, scheduled to be held in the Saudi capital from Jan. 13 to 15 2026.

During his visit, the Saudi minister toured the Research Triangle Park in North Carolina, which also included the SAS Institute for Artificial Intelligence, the Center for Additive Manufacturing and Logistics, and the Energy X Laboratory for Clean Energy Solutions. 

Alkhorayef also held a meeting with the US minister of commerce in North Carolina, during which they discussed prospects for industrial integration, attracting quality investments, and enabling access for Saudi non-oil exports to US markets.


Egypt to offer incentives for major stock listings, finance minister says

Egypt to offer incentives for major stock listings, finance minister says
Updated 27 August 2025

Egypt to offer incentives for major stock listings, finance minister says

Egypt to offer incentives for major stock listings, finance minister says
  • Move comes as Egypt seeks to boost its economic attractiveness
  • Prime minister reaffirmed government鈥檚 strong backing for initiatives to advance Egypt鈥檚 capital market

RIYADH: Egypt is considering offering incentives for large-scale offerings on its stock exchange in an attempt to encourage companies to list in the county, the government鈥檚 finance minister revealed.

During a ministerial meeting, Ahmed Kouchouk said this will help deepen the market and boost its activity, demonstrating the government鈥檚 commitment to broadening ownership and drawing in more local and international investment, according to a statement. 

The move comes as Egypt seeks to boost its economic attractiveness, a goal helped by US-based credit rating agency Fitch affirming the country鈥檚 Long-Term Foreign-Currency Issuer Default Rating at 鈥淏鈥 with a stable outlook in April.

鈥淭he minister added that work is also underway, in coordination with the Financial Regulatory Authority, to support the state鈥檚 plans to expand private sector participation by intensifying promotion and attracting new offerings from private and government companies. This will contribute to increasing liquidity and diversifying the investor base,鈥 said a statement setting out the stock exchange plan. 

During the meeting, Prime Minister Mostafa Madbouly reaffirmed the government鈥檚 strong backing for initiatives to advance Egypt鈥檚 capital market, highlighting its crucial role in driving economic growth, boosting investment, and strengthening private sector involvement in the economy.

Mohamed Farid, chairman of the Financial Regulatory Authority, highlighted the ongoing close collaboration between his organization and the Egyptian Exchange to maintain market stability and enhance its role in financing businesses, as well as offering diverse investment options, ultimately benefiting the national economy.

Farid went on to note that this will also propel the activation and development of new financial and investment mechanisms and products that enhance efficiency and competitiveness altogether. 

Egyptian Exchange Chairman Islam Azzam said the bourse will move in the coming period along two parallel paths, including deepening the market and expanding its tools by introducing new financial products such as derivatives, and activating the market maker mechanism, which will provide greater opportunities for investors and enhance market efficiency and competitiveness.

Azzam also said trading will continue to be fully driven by supply and demand dynamics, highlighting that the administration is committed to ongoing dialogue with market stakeholders to develop more effective policies that enhance the Exchange鈥檚 competitiveness and appeal. 

Egypt鈥檚 economy is showing resilience despite global headwinds, with foreign investment and policy reforms helping offset volatile markets, Standard Chartered said in its latest outlook.

In its Global Focus 鈥 Economic Outlook H2-2025 report, the bank cited growing confidence in the Egyptian pound, underpinned by strong foreign exchange inflows from portfolio investments and official sector support. 

Egypt鈥檚 economic resilience comes at a critical time, as global markets face heightened volatility due to geopolitical tensions, fluctuating commodity prices, and the imposition of tariffs.

The country鈥檚 ability to attract foreign investment reflects growing confidence in its reform agenda, while its strategic location as a regional trade hub, coupled with large-scale infrastructure projects such as the Suez Canal Economic Zone, further enhances its appeal to investors.