Saudi arabia news update

Here are some recent news updates from Saudi Arabia:

Economy

• Saudi Arabia's non-oil private sector expanded at its fastest pace in over a year in March, driven by increased demand and new orders, according to a survey by IHS Markit. (Source: Reuters)
• The Saudi government has announced plans to increase the minimum wage for private sector employees to 4,000 Saudi riyals (approximately $1,066) per month, effective June 1. (Source: Arab News)

Politics

• Saudi Arabia has announced that it will allow women to attend sports events at stadiums, starting with the upcoming match between Al-Hilal and Al-Nassr on May 8. (Source: CNN)
• The Saudi government has launched a new initiative to promote women's participation in the workforce, aiming to increase the number of female employees in the private sector to 30% by 2030. (Source: Bloomberg)

Energy

• Saudi Arabia has announced plans to increase its oil production capacity to 13 million barrels per day (mb/d) by 2027, up from its current capacity of 12.3 mb/d. (Source: Reuters)
• The Saudi government has signed a deal with the United States to develop a new oil refinery in the kingdom, which will have a capacity of 400,000 barrels per day. (Source: Arab News)

Infrastructure

• Saudi Arabia has launched a new high-speed rail project, which will connect the cities of Riyadh and Jeddah with a journey time of just over two hours. (Source: The National)
• The Saudi government has announced plans to build a new airport in the city of Neom, which will be one of the largest airports in the world. (Source: Bloomberg)

Health

• Saudi Arabia has reported a significant decline in the number of COVID-19 cases in recent weeks, with the number of new cases dropping by 75% since the peak of the pandemic. (Source: Arab News)
• The Saudi government has launched a new vaccination campaign against COVID-19, aiming to vaccinate 70% of the population by the end of the year. (Source: Reuters)

Sports

• Saudi Arabia has announced plans to host the 2029 Asian Games, which will be the first time the event has been held in the kingdom. (Source: The National)
• The Saudi government has launched a new initiative to promote sports in the country, aiming to increase the number of people participating in sports to 50% of the population by 2030. (Source: Arab News)