Saudi Business News

Neo Space Group (NSG), supported by Saudi Arabia’s sovereign wealth fund, aims to lease multi-orbit satellite capacity to strengthen its...

Saudi Arabia's maritime sector is undergoing a significant transformation, positioning the country to play a crucial role in global trade....

Saudi Gazette Report RIYADH — Investments in Saudi Arabia's industrial sector surged by 54%, reaching SR 1.5 trillion this year...

The Saudi Fashion Commission has released its 2024 State of Fashion Report, highlighting the significant growth in the Kingdom's fashion...

The Saudi Central Bank (SAMA) has lowered its key interest rates by 50 basis points. The repurchase agreement (repo) rate...

Italy's exports to Saudi Arabia prominently feature fashion, food, and furniture. Italian companies see promising opportunities in sectors like wood,...

Saudi Arabia's move to waive fees for expatriate workers in the industrial sector has driven a significant 14.7% rise in...

Saudi Arabia's Strategic Increase in US Treasury Holdings Saudi Arabia has boosted its US Treasury bills and bonds holdings by...

The Saudi Fashion Commission has unveiled its annual report, the State of Fashion Sector in Saudi Arabia 2024, providing key...

Saudi Arabia is making significant strides in the electric vehicle (EV) sector for commercial transportation, advancing at a remarkable pace...

Saudi Arabia's crude oil exports dipped in July as domestic power generation needs increased. Despite boosting production, the Kingdom adhered...

The Saudi Tadawul All Share Index climbed by 1.34%, closing at 12,080.47, with a trading turnover of SR9.47 billion ($2.52...

Saudi Arabia's oil production saw a rebound in July, though it remained limited by the ongoing OPEC+ production agreement. Quantum...

Golf Saudi has partnered with Topgolf Callaway Brands to introduce golf entertainment venues and innovative products in Saudi Arabia. This...

Regional inflation increased in August, with Israel's rate rising to 3.6% from 3.2% due to higher food and transport costs....

Saudi Agricultural Fund Enhances Food Sector with $533 Million Support Saudi Arabia’s Agricultural Development Fund has committed SR2 billion ($533.33...

Saudi Gazette Report RIYADH — The Saudi Central Bank (SAMA) has cut the repurchase agreement (repo) rate by 50 basis...

Senior officials from Saudi Arabia and Italy recently discussed potential collaborations in industrial innovation and advanced manufacturing technologies. The meeting,...

Saudi Arabia's crude oil production rose to 8.94 million barrels per day (bpd) in July, marking a 1.26% increase from...

Saudi Arabia has introduced new laws for commercial registration and trade names to streamline business operations and improve the business...

Saudi Arabia: Global experience design company Imagination has appointed Abdullah Hamad AIOshaiwan as the new General Manager for Saudi Arabia....

Saudi Arabia has introduced a new initiative to boost its industrial sector by waiving customs duties on raw materials used...

Saudi Arabia’s Public Investment Fund (PIF) has introduced QSAS, a new company dedicated to creating immersive storytelling experiences rooted in...

Saudi ports saw a significant increase in container traffic in 2023, with a 14.6% rise compared to the previous year,...

Saudi Arabian investment firm Mawarid Holding has invested in Sceye, a U.S. manufacturer of high-altitude platform systems (HAPS) used for...

Saudi Arabia's Crown Prince Mohammed bin Salman provided an update on the Vision 2030 initiative, emphasizing progress in tourism and...

Saudi Arabia is undergoing a significant transformation with Vision 2030, aiming to diversify its economy and reduce reliance on oil...

Riyadh-based eWTP Arabia Capital, supported by the Saudi Public Investment Fund (PIF), has rebranded as ewpartners. Launched in 2017, eWTP...

Saudi Arabia's crude oil exports dropped to their lowest in nearly a year in July, according to the Joint Organizations...

Italian energy engineering firm Saipem announced it has secured a $2 billion offshore contract for the Marjan oil field in...

Saudi Arabia is pioneering digital technology for its citizens, residents, visitors, and businesses, according to Ahmed Alsuwaiyan, Governor of the...

Saudi Arabia’s central bank has reduced its benchmark interest rate from 6% to 5.5%, following a similar 50-basis-point cut by...

Saudi Arabia has reduced its benchmark interest rate from 6% to 5.5%, following a 50-basis-point cut by the central bank....

Aramco and SLB have partnered to develop and commercialize digital solutions aimed at reducing greenhouse gas (GHG) emissions in the...

Riyadh, Saudi Arabia— Jersey Finance, a prominent international financial center, sponsored Informa Connect's inaugural 'Cross-Border Planning: Middle East' conference in...

The US Federal Reserve has lowered interest rates for the first time in over four years, marking a significant policy...

Saudi Arabia’s Public Investment Fund (PIF) has launched the National Interactive Entertainment Company, QSAS, to create engaging storytelling experiences that...

Asharq Business with Bloomberg, a prominent source of business news in the Arab world, is expanding its programming due to...

CATRION Catering Holding Company has signed a Sharia-compliant credit facility deal with Saudi Awwal Bank (SAB) for SAR 221 million....

The Saudi Export Development Authority, through its "Made in Saudi Program," has entered into a strategic Memorandum of Understanding (MoU)...

The Saudi EXIM Bank recently hosted a meeting for the Global Association of Risk Professionals (GARP) to explore best practices...

The Agricultural Development Fund (ADF) has announced the allocation of over SAR2 billion in loans and credit facilities across Saudi...

Saudi Arabia is set to create 11,000 cultural jobs through the establishment of the National Interactive Entertainment Company (QSAS) by...

• The ‘Made in Saudi’ program partners with Nahdi Medical Company to promote Saudi products, enhance their market presence, and...

Saudi Arabia's central bank, SAMA, announced a reduction in its Repurchase Agreement (repo) rate by 50 basis points to 5.50%,...

RIYADH — The General Authority for Survey and Geospatial Information (GEOSA) and the Saudi Federation for Cybersecurity, Programming and Drones...

The Ministry of Communications and Information Technology, along with the National Information Technology Development Program (NTDP), has launched the "Tamkeen"...

Saudi Arabia's Real Estate Market Growth The residential sector in Saudi Arabia has seen significant growth, delivering 27,500 new units...

An Italian business association representing 7,000 companies plans to increase investments in Saudi Arabia and collaborate with local investors as...

Saudi Arabia's fashion market is set for significant growth, with the Saudi Fashion Commission's recent report predicting an increase from...

An Italian business association representing 7,000 companies plans to expand investments in Saudi Arabia and collaborate with local investors as...

Saudi Arabia is emerging as a top destination for luxury. British auction house Christie’s has secured a commercial license in...

Saudi Arabia is investing heavily to diversify its economy beyond oil, initiating USD 1.3 trillion in real estate and infrastructure...

RIYADH: Saudi Arabia's Minister of Commerce, Dr. Majed Al-Qasabi, announced that businesses need only one commercial registration to operate across...

eWTP Arabia Capital, known for its Asia-Saudi cross-border investments, has rebranded to 'ewpartners' as it celebrates seven years in Saudi...

EV Auto Show 2024: Saudi Arabia's Car Rental and B2B Sectors to Propel EV Adoption by 2026 At the EV...

An Italian business federation, representing 7,000 companies, has announced plans to boost Italian investments in Saudi Arabia, aligning with Vision...

HALO Space, a Spanish startup focused on taking tourists to the edge of space via a high-altitude balloon, is setting...

Saudi Arabia is set to make significant strides in its electric vehicle (EV) industry, according to experts at the EV...

Saudi Banking Sector Growth Driven by Diversification Efforts: Moody’s Saudi Arabia's push for economic diversification is accelerating the growth of...