Saudi Business News

Saudi Arabia Sees Investment Boom in Construction; Egypt Leads in Licenses Saudi Arabia's construction permits dominated investment licenses in Q2...

The Ministry of Investment and the General Authority for Military Industries in Saudi Arabia have signed an agreement with Italian...

Saudi Arabia's new luxury airline, Riyadh Air, is intensifying competition for aviation talent by attracting British pilots. The British Airline...

Speculation about Saudi Arabian investment in AC Milan has intensified, with new developments emerging. Gerry Cardinale and RedBird have been...

Young Saudis like Abdullah Hakeem are pivotal in Saudi Arabia’s tech sector growth. Graduating from King Fahd University of Petroleum...

Saudi Arabia has issued a warning to taxpayers to submit necessary paperwork by Tuesday or face penalties. The Zakat, Tax,...

The International Monetary Fund (IMF) has published a favorable report on Saudi Arabia after concluding Article IV consultations. The report...

Saudi Arabia is forging strategic alliances in Europe to bolster its ambitions of becoming a leading green hydrogen supplier. Investment...

Saudi Arabia Lowers Oil Prices Amid Demand Concerns Saudi Aramco has reduced the price of its Arab Light crude for...

Barq, a leading FinTech company from Saudi Arabia, has partnered with Mastercard. Barq specializes in modernizing and streamlining payment processes....

Saudi Arabia is set to observe a four-day holiday for some workers and students in celebration of the 94th National...

Indian electric vehicle manufacturer Wardwizard Innovations and Mobility has announced plans to form a joint venture in Saudi Arabia. This...

Indian electric vehicle manufacturer Wardwizard Innovations and Mobility has announced plans to form a joint venture in Saudi Arabia. The...

Wardwizard Innovations & Mobility announced plans to form a joint venture in Saudi Arabia to establish two electric vehicle assembly...

The Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has invited Chinese companies to invest in Saudi Arabia's...

OPEC Plus Extends Oil Production Cuts OPEC Plus, led by Saudi Arabia, has decided to extend its current oil production...

Saudi Arabia has eliminated hospitality license fees to boost tourism and attract investments, effective September 4. As part of its...

The International Monetary Fund (IMF) has projected that Saudi Arabia's current account balance might weaken due to falling oil prices...

Saudi Arabia has announced the cancellation of fees for commercial activity licenses for hotels, hotel apartments, and residential resorts. This...

Hakbah, a leading Saudi fintech savings platform, has partnered with national insurance company Tawuniya to fill a critical gap in...

Saudi Arabia, the world's largest crude oil exporter, benefits from remarkably low production costs, around $10 per barrel. This is...

Saudi Arabia is undergoing significant economic transformation aimed at reducing its dependence on oil. The government is enacting comprehensive reforms...

The International Monetary Fund (IMF) recently issued a favorable report on Saudi Arabia, following the Article IV consultations. The report...

IMF Acknowledges Saudi Arabia’s Economic Progress and Vision 2030 Achievements The International Monetary Fund (IMF) has concluded its 2024 review...

The International Monetary Fund (IMF) recently released a positive report on Saudi Arabia after concluding Article IV consultations. The report...

Saudi Arabia has launched digital identity verification services to streamline financial transactions and enhance security within the Kingdom. The Ministry...

Huawei Cloud is leading technological advancements with innovative solutions tailored for Saudi Arabia and the Middle East. At the Huawei...

The International Monetary Fund (IMF) recently concluded its 2023 Article IV consultations with Saudi Arabia, highlighting significant progress in the...

The Saudi Minister of Communications and Information Technology, Eng. Abdullah Al-Swaha, held a meeting with Dilip Singh, the US Deputy...

The International Monetary Fund (IMF) has commended Saudi Arabia for its significant progress in structural reforms, urging the kingdom to...

Saudi Arabia's public cloud services market is projected to grow at a 23.4% CAGR, reaching $3.9 billion by 2027, according...

Nintex has announced the opening of a new office in Riyadh, marking a significant investment in Saudi Arabia and the...

The Saudi Arabian access control security market is witnessing rapid expansion, growing at an 8.9% compound annual growth rate (CAGR)...

The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund, has entered into an agreement with...

Saudi Arabia's Economic Progress Saudi Arabia is undergoing a significant economic transformation. The nation is experiencing strong non-oil growth driven...

Saudi Arabia's technology sector could see a significant boost in operating profits, potentially reaching SR15 billion ($4 billion) by 2028,...

Nintex, a leader in process intelligence and automation, has inaugurated a new office in Riyadh, marking a significant investment in...

News Saudi Arabian autotech company Syarah has secured $60 million in a Series C funding round. The round was led...

What's happening? Saudi Arabia's non-oil sector experienced a modest recovery in August, suggesting increased confidence in the private sector. Implications...

Riyadh, Saudi Arabia: STC Bank, the first fully digital bank in Saudi Arabia, announced its role as a Founding Partner...

MDLBEAST, known for the XP Music Futures Conference in Saudi Arabia, is introducing an Artist Management Bootcamp through its new...

The Saudi Ministry of Investment has unveiled updated rules to facilitate foreign investment in Saudi Arabia. These new regulations are...

Saudi Arabia is set to enhance economic ties with Eastern Europe through a new regional business council, aiming to unlock...

China and Saudi Arabia to Boost Cooperation in New Energy As Saudi Arabia's Minister of Industry and Mineral Resources, Bandar...

Virgin Atlantic is set to launch new routes from London Heathrow to Riyadh, Saudi Arabia, and Accra, Ghana, in summer...

Saudi Arabia is pursuing partnerships with Chinese firms in the automotive and automation sectors as a high-ranking industrial official begins...

Saudi Arabia's e-commerce boom showcases its leaders' commitment to technological advancement, aiming to enhance remote shopping and cashless payments. This...

Saudi Arabia's New Investment Law aims to attract international investments and ensure equality between domestic and foreign investors. Effective six...

As Saudi Arabia’s new Personal Data Protection Law (PDPL) takes effect, businesses must align with stringent data privacy standards. Modeled...

In a rapidly growing economy, organizational stability is crucial. Business continuity has become vital in Saudi Arabia, driven by the...

Saudi Arabia is intensifying its focus on domestic investment, resulting in higher requirements for foreign investors aiming to operate in...

For the past decade, Saudi Arabia has been a significant attraction for dealmakers, bankers, and asset managers due to its...

The Saudi Ports Authority, known as Mawani, has recently observed a significant uptick in its cargo handling operations. In the...

In an ambitious move to enhance trade relations, Saudi Arabia has been spearheading a significant push to establish and optimize...

Across the international scene, Middle Eastern sovereign wealth powerhouses have been notable for their aggressive investment strategies. The Saudi Public...

The fourth Shaqra Pepper Festival recently wrapped up with significant acclaim, marking a notable triumph in the promotion and sale...

The King Abdulaziz Port in Dammam has recently achieved a remarkable feat by processing a record number of 20,645 twenty-foot...

As the calendar turns to August in Aseer, a remarkable shift in consumer behavior has been noted. The region, typically...

In a significant development within the oil and gas sector, Aramco has announced its acquisition of an additional 22.5% interest...

The economic landscape has been continually evolving through the centuries, and today we stand on the brink of another significant...