{"id":101246,"date":"2025-10-08T00:00:00","date_gmt":"2025-10-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/08\/russia-to-introduce-a-visa-free-regime-for-saudi-citizens\/"},"modified":"2025-10-08T00:00:00","modified_gmt":"2025-10-08T00:00:00","slug":"russia-to-introduce-a-visa-free-regime-for-saudi-citizens","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/08\/russia-to-introduce-a-visa-free-regime-for-saudi-citizens\/","title":{"rendered":"Russia to introduce a visa-free regime for Saudi citizens"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Good morning<\/strong><span style=\"background-color: transparent;\">. The World Bank is reaffirming its faith in Saudi\u2019s growth prospects, upgrading 2025 forecasts citing robust non-oil growth and increasing oil production. Meanwhile, the PIF raised some EUR 1.65 bn from its first EUR-denominated issuance. Let\u2019s dive in.<\/span><\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/forum.fa.gov.sa\/home\" style=\"\" rel=\"noopener\">Financial Academy Forum<\/a><\/strong><strong> kicks off today at King Abdullah Financial District <\/strong><strong>Conference Hall in Riyadh.<\/strong> The annual event will gather over 3k participants from the Saudi financial sector, along with government officials and experts to discuss innovation, AI, sustainability, and finance leadership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/gemtechforum.com\/\" style=\"\" rel=\"noopener\">Global EV &amp; Mobility Technology (GEMTECH) Forum<\/a><\/strong><strong> wraps up today in Riyadh.<\/strong> The two-day event features more than 60 speakers holding discussion panels focusing on the latest advancements in electric vehicle technology, battery innovation, charging infrastructure, and autonomous mobility solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/webook.com\/en\/events\/riyadh-international-book-fair-2025-moc\" style=\"\" rel=\"noopener\">Riyadh International Book Fair<\/a><\/strong><strong> is on its seventh day today at Princess Nourah <\/strong><strong>Bint Abdul Rahman University.<\/strong> The event, which runs through next Saturday, features some 2k publishing houses from over 25 countries, with book signings, children\u2019s programs, and new business zones for publishers and literary agents also on the agenda.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Light to moderate thunderstorms are forecast over Jazan, Al Baha, and Makkah, turning heavy in parts of Asir. Hail, strong winds, and fog are likely across these areas, with fog patches also expected along the Eastern Region and Tabuk coasts. Dust-lifting winds may affect parts of Madinah, Tabuk, Al Jouf, and the Northern Borders.<\/p>\n<ul>\n<li><strong>Riyadh: <\/strong>35\u00b0C high \/ 23\u00b0C low,<\/li>\n<li><strong>Jeddah:<\/strong> 36\u00b0C high \/ 26\u00b0C low<\/li>\n<li><strong>Makkah:<\/strong> 38\u00b0C high \/ 29\u00b0C low.<\/li>\n<\/ul>\n<p class=\"tag-border-left\">HAPPENING TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> <\/strong><strong><a target=\"_blank\" href=\"https:\/\/gasarabian.com\/\" style=\"\" rel=\"noopener\">Gas Arabian Services Company<\/a><\/strong><strong> (GAS) will begin trading on the Main Market tomorrow<\/strong>, following its approved transfer from the Nomu parallel market <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e183a41c-0328-41aa-9a85-b316d7c428e7\/humain-eyes-blackstone,-blackrock-to-bankroll-data-centers\" style=\"\" rel=\"noopener\">last month<\/a> with a capital of 158 mn shares, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-detail-wcm\/?newsId=9046&amp;locale=en\" style=\"\" rel=\"noopener\">Tadawul statement<\/a>. GAS\u2019s shares will be subject to a 10% daily price fluctuation limit.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>Individuals holding any type of visa can now perform Umrah while in the<\/strong><strong> Kingdom<\/strong>, the Hajj and Umrah Ministry <a target=\"_blank\" href=\"https:\/\/x.com\/MoHU_En\/status\/1974928149738836431\" style=\"\" rel=\"noopener\">said on X<\/a> on Sunday. The new policy applies to all visa categories, including tourist, visit, work, and transit visas. Visitors can apply for their Umrah visa via <a target=\"_blank\" href=\"https:\/\/umrah.nusuk.sa\/\" style=\"\" rel=\"noopener\">Nusuk Umrah<\/a> platform. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> <\/strong><strong>Russia is planning to introduce a visa-free regime for Saudi citizens<\/strong>, along with travelers from China and Malaysia, Russian news agency <a target=\"_blank\" href=\"https:\/\/tass.com\/economy\/2026179\" style=\"\" rel=\"noopener\">Tass<\/a> reported yesterday, citing pre-reads for the strategic session on tourism development in Russia. The country is targeting an increase in foreign visits from 5 mn currently to 11 mn by 2030.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a mixed bag of news in the international business press this morning<\/strong>, with more noise \u2014 and concerns \u2014 around the future of AI and surging investments in the sector, as well as updates on trade and tariffs, and the final push for a ceasefire between Gaza and Israel in Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a> #1- Concerns mount over the risks of an AI bubble amid spending spree from OpenAI, Nvidia: <\/strong>The bns of USD invested in AI so far, marked by OpenAI topping USD 1 tn in commitments and Nvidia\u2019s spending spree, are based on a \u201ccircular,\u201d \u201cinterconnected\u201d web of business transactions involving only a handful of firms that cast doubt over the sector and its ability to sustain itself, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-10-07\/openai-s-nvidia-amd-deals-boost-1-trillion-ai-boom-with-circular-deals?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes in this morning\u2019s big read. Meanwhile, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5f6f78af-aed9-43a5-8e31-2df7851ceb67\" style=\"\" rel=\"noopener\">Financial Times<\/a> similarly spotlights OpenAI\u2019s recent transactions, including ones with Oracle, AMD, and Nvidia, highlighting the \u201cfake it till you make it\u201d ethos that has powered the sector so far, and that could blow up if OpenAI isn\u2019t able to honor its funding commitments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Over in the world of trade, the EU is proposing a 50% tariff on steel imports<\/strong> to match the US\u2019 tariff, but it could hit the UK \u2014 the biggest importer of European steel \u2014 the hardest. <strong>Meanwhile, the World Trade Organization has slashed its growth forecast for global trade next year to 0.5%, <\/strong>down significantly from 1.8% earlier, as the impacts of Trump's tariffs filter through. (<a target=\"_blank\" href=\"https:\/\/www.politico.eu\/article\/eu-set-50-percent-steel-tariff-opening-bid-donald-trump\/\" style=\"\" rel=\"noopener\">Politico<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/2025\/oct\/07\/eu-plan-to-match-trump-steel-tariffs-spurs-existential-threat-to-uk-steel-industry\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cwy875px79po\" style=\"\" rel=\"noopener\">BBC<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO GETTING ATTENTION- Tesla launched new affordable models, including a cheaper model Y SUV and sedan<\/strong>, as it looks to revive sales and counter the effects of rising competition in Europe and China. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-expected-unveil-lower-cost-model-y-push-reignite-sales-2025-10-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/43d9a540-5d00-4a12-b80a-2f730716bed0\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-07\/tesla-unveils-39-990-model-y-to-counter-loss-of-us-tax-credits?srnd=ai-stocks-to-watch\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- Officials from Israel, Qatar, and the US, including US special envoy Steve Witkoff and Trump\u2019s son-in-law Jared Kushner, are heading to Egypt <\/strong>for the Israel-Hamas peace talks, which are now on their third day. Trump says there\u2019s a \u201creal chance\u201d for an agreement, as officials say the focus is on reaching an agreement on the ceasefire and hostage release, but sticking points around the governance of Gaza and the complete disarmament of Hamas \u2014 all part of a later phase \u2014 have yet to be addressed. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-07\/hamas-says-it-s-seeking-fair-hostage-exchange-in-egypt-talks?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/oct\/07\/us-steve-witkoff-to-arrive-egypt-gaza-talks\" style=\"\" rel=\"noopener\">Guardian<\/a>) <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: GAS will begin trading on the Main Market tomorrow<\/p>\n","protected":false},"author":1,"featured_media":101247,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[10,357,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam-ksa","tag-russia","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"e92320a2-85ec-4420-be48-3a5a3a9a094d","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/10\/430.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Russia to introduce a visa-free regime for Saudi citizens","related_issue":[101244],"teaser":"PLUS: GAS will begin trading on the Main Market tomorrow","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.e63fb5dd-2713-4fca-919d-7cef9c40f22d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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