Official Press Release

Moody’s Affirms Saudi Arabia’s A1 Rating, Maintains Stable Outlook and Raises GDP Growth Forecasts for Saudi Economy

 RIYADH, Oct 18, 2018 – Moody’s Investors Service (“Moody’s”) affirmed the Kingdom’s A1 rating with a stable outlook and raised its GDP growth forecasts for the period (2018-2019) to 2.5% and 2.7%, respectively, instead of its previous expectations of 1.3% and 1.5% for the same period reported in April this year. The Saudi Ministry of Finance…

Saudi Tourism Commission Participates in GITEX for First Time, Highlights Plans to Promote Tourism in Kingdom Through Smart Technology

RIYADH, Oct 15,​ 2018 – GITEX, the annual technology event that takes place in Dubai, has expanded this year with the participation of Saudi Commission for Tourism and National Heritage (SCTH). The fair started at the Dubai World Trade Centre on October 14 and will continue until October 18. The Tourism Commission, represented at the…

One Woman Killed, Scores of People Injured in Houthi Attack on Yemen Relief Camp

Saudi Arabia’s KSrelief condemns the attack as a ‘brutal crime’ by the Iranian-backed militia Bani Jaber, Yemen, Oct 5, 2018 – Iranian-backed Houthis on Friday shelled a relief camp for internally displaced people (IDP’s) in Hodeida’s Al-Khoukah district in Bani Jaber. One woman was killed and many people injured as the camp was hit by three shells.…

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Yemen Comprehensive Humanitarian Operations Support Center is Deeply Concerned About UNICEF’s Decision to Suspend Aid Operations in Yemen

The Director of the Support Center invites UNICEF to discuss the opportunity to reopen call center   RIYADH, October 5, 2018 – The Yemen Comprehensive Humanitarian Operations (YCHO) Support Center expressed deep concern about UNICEF’s decision to suspend aid operations in Yemen. The Director of the Support Center invited the United Nations Children’s Fund (UNICEF) to…

Lubna Olayan to Become First Chairwoman of Publicly-Listed Bank in Saudi Arabia

Saudi British Bank and Alawwal Bank agree the prominent businesswoman will be the chairperson of the board of combined bank on completion of merger Announcement latest in a list of appointments of women to senior management positions in the Kingdom   RIYADH, Oct 4, 2018 – Prominent Saudi business woman Lubna Al Olayan has been named the chairwoman…

Saudi Ambassador to Yemen Discusses Humanitarian Efforts with Representatives of Médecins Sans Frontières (MSF)

The ambassador addresses MSF’s operational concerns, presents the Arab Coalition’s humanitarian operations in Yemen, and gives an overview of coordination mechanism in place to facilitate cooperation with aid groups   RIYADH, Oct 2, 2018 – The Saudi Ambassador to Yemen, HE Mohammed bin Saeed Al Jaber, on Tuesday met with a delegation from international humanitarian…

Callum Smith claims world boxing title in Jeddah

Saudi Arabia hosts first professional boxing championship   RIYADH, September 29 (CIC) – Saudi Arabia made history on Friday night by hosting its first professional boxing match.  The nail-biting event ended in the World Boxing Super Series super-middleweight newcomer Callum Smith emerge victorious against WBA world super-middleweight champion George Groves with a spectacular seventh-round knockout.…