Saudi Business News

Saudi Arabia has been actively working to reduce its reliance on oil revenues. To achieve this, Crown Prince Mohammed bin...

Naver, South Korea's largest internet platform operator, has entered into a preliminary agreement with Saudi Arabia's AI agency to develop...

Qualcomm Technologies, Inc. has partnered with Aramco to introduce generative AI-powered IoT solutions aimed at enhancing digital transformation in Saudi...

Saudi Aramco has reported a 3.4% drop in second-quarter profits due to weaker refinery margins. China is expected to increase...

Aramco Digital, the tech subsidiary of Aramco, has partnered with Accenture to boost generative AI and advanced technology adoption within...

Qualcomm Technologies, Aramco, and Saudi Arabia's Research, Development and Innovation Authority (RDIA) are collaborating to launch Design in Saudi Arabia...

Saudi Arabia's crude oil exports to China are set to increase to 46 million barrels in October, following a price...

Chinese Premier Li Qiang has called on Saudi companies to increase their presence in China's market, emphasizing that China is...

Saudi Arabia's non-oil GDP is set to grow by up to 6% by the end of the decade, driven by...

Chinese Premier Li Qiang has committed to enhancing trade and investment ties with Saudi Arabia across various sectors, including traditional...

Aramco Digital, a tech-focused subsidiary of Aramco, has teamed up with Accenture to advance generative AI (gen AI) and boost...

Naver Corp., South Korea's top online platform, has agreed to collaborate with the Saudi Data & AI Authority (SDAIA) to...

Aramco Digital and Groq have announced a partnership to build the largest AI inferencing data center in Saudi Arabia. This...

Key figures in AI and technology gathered in Riyadh, Saudi Arabia, for the "Global AI Summit" (GAIN). Attendees included Esam...

Chinese Premier Li Qiang and Saudi Crown Prince Mohammed Bin Salman met in Riyadh to discuss enhancing cooperation in energy,...

In a rapidly evolving technological landscape, 23-year-old Mariam Al-Ahmar is emerging as a beacon of inspiration for Saudi Arabia's youth,...

Business leaders, academics, and government officials gathered in Riyadh, Saudi Arabia, for the Global AI Summit (GAIN) to discuss the...

Saudi Arabia continues to invest heavily in Neom, its ambitious desert megacity. The country's Vision 2030 projects have now surpassed...

Saudi Arabia is making strides in artificial intelligence through a new partnership between Aramco Digital and Groq, the second-largest AI...

Saudi Arabian Mills for Food Products Company has priced its IPO at SAR66 per share, raising SAR1.02 billion ($271 million)....

The Saudi Water Partnership Company (SWPC) plays a crucial role in Saudi Arabia’s water sector, striving to meet growing water...

Saudi Arabia is increasingly attracting both local and international investors, according to a top official from global asset management company...

Saudi Arabia's Ministry of Interior has launched the Smart Gates Project at NEOM Bay Airport, aiming to revolutionize the travel...

Saudi Arabia has launched an AI-focused event as part of its efforts to embrace artificial intelligence, attracting interest from Western...

The Digital Cooperation Organization (DCO) has launched its Generative AI (GenAI) Center of Excellence at the Global AI Summit in...

Saudi Arabia has invested $1.3 trillion in construction and infrastructure over the past eight years, aiming to diversify its economy...

Saudi Arabia plans to cut down its debt issuance in the latter half of 2024, buoyed by significant dividend payments...

Saudi Arabia and Germany are poised to enhance their economic cooperation in the finance sector following high-level discussions between officials...

Saudi Arabia is embarking on a $3.3 billion sports complex project through a partnership between Alpha Jossor Investments and the...

Chinese food delivery giant Meituan has launched its international service, Keeta, in Saudi Arabia, aiming to expand amidst a slowing...

At the Global AI Summit in Riyadh, Aramco announced several new initiatives aimed at advancing digital solutions within its operations....

Saudi Arabia has embarked on a $1.3 trillion initiative to diversify its economy through extensive real estate and infrastructure projects....

HONG KONG Saudi Arabia is emerging as a global leader in tourism, showcasing significant achievements in 2023. At the IHIF...

Saudi Arabia's Esports Ambitions Saudi Arabia is making significant strides in the esports industry. The country recently hosted its first...

Saudi Arabia is making substantial investments in sports, including a bid to host the 2034 FIFA World Cup. These efforts...

EY Expands in Saudi Arabia's Financial Services Market In an effort to seize new opportunities and grow its presence in...

Netherlands-based high-tech consultancy TMC has opened a new office in Saudi Arabia, marking its second location in the GCC region....

Saudi Arabia's economy shrank by 0.3% in 2023 compared to the previous year, primarily due to an 8.9% year-on-year decline...

Saudi Arabia is aiming to enhance its collaboration with Asia in research, development, and innovation, particularly looking to China for...

Saudi Arabia's Rising Influence in Global Financial Markets Saudi Arabia is positioning itself as a key player in global fixed...

Progress in Saudi Arabia's AMAALA Luxury Tourism Destination Saudi Arabia's Red Sea Global (RSG) is making significant strides in developing...

The Tadawul All Share Index in Saudi Arabia fell by 117.19 points, or 0.97%, closing at 11,982.30 on Sunday. Trading...

Saudi Arabia's non-oil sector grew by 4.9% year-on-year in Q2 2024, driven by significant gains in the financial and insurance...

Saudi Arabia’s Mobily has signed a six-year contract with Red Bull MOBILE, aiming to boost its operational efficiency. This deal,...

Saudi developer Red Sea Global (RSG) has awarded over 600 contracts worth $6.13 billion for the AMAALA project, aiming to...

Riyadh: Tawaref, a Saudi-based investment community that supports startups in the MENA region, has signed a Memorandum of Understanding (MoU)...

PayerMax, a prominent global payment solutions provider, has been awarded the Payment Technical Service Provider (PTSP) certification by Saudi Payments,...

Saudi Arabia's Minister of Investment, Khalid al-Falih, addressed skepticism about the country's economic diversification plan at the Ambrosetti Forum in...

Tokyo-based Medident has partnered with Riyadh's Web Arabia to enhance Saudi Arabia’s healthcare sector by integrating Japanese standards. This collaboration,...

Lucidia, an AI customer experience management platform in Riyadh, has made headlines by becoming the first company in Saudi Arabia...

Saudi Arabia is set to eliminate fees for customs services related to exports and reduce import service fees to 0.15%...

Significant Progress in the Development of Saudi AMAALA Luxury Tourism Destination Saudi Arabia’s Red Sea Global (RSG) is making substantial...

Samer Al-Kharashi, Director of the UNWTO Regional Office for the Middle East, emphasized Saudi Arabia’s pivotal role in advancing regional...

Technology Driving Saudi Arabia's Financial Sector At the 24 Fintech event in Riyadh, Steven Chou, Chairman of Sahm Capital and...

Saudi Arabia's non-oil sector expanded by 4.9% in the second quarter of 2024, spurred by growth in financial and insurance...

Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) has introduced new customs regulations, including fee waivers for certain services and...

Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, commenced his visit to Hong Kong, aiming to bolster industrial ties...

Saudi Arabia’s Real Estate General Authority (REGA) will host the first Global PropTech Summit in Riyadh this October. Under the...

Experts emphasize that improving education quality in the Gulf is essential for realizing the region's economic potential. Reports from the...

Saudi Arabia's startup ecosystem is thriving, with companies across various sectors securing substantial funding. Autotech Firm Syarah Syarah, a Saudi...