Saudi Business News

The Saudi Electricity Company (SEC) has exhibited a substantial financial growth in both the first half and the second quarter...

Saudi Arabian software-as-a-service provider Blend has successfully secured $1.3 million in pre-seed funding, supported by a collective of undisclosed angel...

The annual inflation rate in Saudi Arabia witnessed a rise to 1.5 percent in July, in comparison to the previous...

China Energy Engineering Corp Ltd has made headlines with a $972 million agreement to develop a significant solar energy initiative...

In line with its economic diversification ambitions encapsulated in Vision 2030, Saudi Arabia has made a significant stride in the...

The Kingdom of Saudi Arabia is undertaking significant efforts to establish itself as an attractive and safe haven for international...

Convergint has recently unveiled its strategic growth into the Saudi Arabian market, broadening its Middle East & Africa (MEA) presence....

In a bold economic transformation, Saudi Arabia is poised to allocate $1 trillion to enhance six key sectors by the...

The investment horizon in the Middle East is undergoing a transformative phase, where environmental, social, and governance (ESG) considerations are...

Saudi Arabia is on a mission to strengthen its technology talent pool, driven by the grand aspirations of its Vision...

The partnership between China and Saudi Arabia in the energy sector is poised to yield significant benefits, especially with the...

The Ministry of Industry and Mineral Resources and the Ministry of Investment of Saudi Arabia recently conducted an informative webinar...

The team representing Saudi Arabia has left a mark on the global stage by securing a bronze medal and receiving...

The Ministry of Tourism in Saudi Arabia has disclosed a significant financial influx from inbound tourists for the year 2023,...

The Gulf Cooperation Council Interconnection Authority (GCCIA) has recently been awarded an A+/Stable credit rating by the prestigious Fitch Ratings....

In a move set to revolutionize the Kingdom's industrial and mining landscape, the Ministry of Industry and Mineral Resources has...

Operating from its strategic hub in Riyadh, FTI Consulting provides indispensable support to Saudi Arabian enterprises grappling with their most...

Tuwaiq Academy has announced the commencement of registration for its forthcoming Governance, Risk, and Compliance (GRC) boot camp, which is...

The Jazan region, recognized for its verdant landscapes and optimal agricultural conditions, has successfully harnessed these attributes to become a...

Global systems integration authority Convergint has officially declared its operational launch in Saudi Arabia, marking a significant extension of its...

The corporate venture capital arm of Saudi Aramco, Wa'ed Ventures, has recently made a strategic investment in Athir, a Saudi-based...

Real Madrid's prominent Brazilian footballer Vinicius Jr is reportedly deliberating a groundbreaking transfer to the Saudi Pro League, with discussions...

The Saudi Investment Recycling Company (SIRC) has recently celebrated a significant achievement by exporting its first batch of recycled and...

The Amwaj waterfront, situated by the central beach of Jizan city in the Jazan Region, is increasingly becoming a favored...

The skies above are poised for a stunning display as Jupiter and Mars draw near each other in a rare...

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Japan Bank for International Cooperation (JBIC)...

The Kingdom of Saudi Arabia is witnessing a remarkable increase in the number of women joining the labor market, a...

The financial implications of engaging top-tier software development firms in Saudi Arabia hinge on several determinants. These include the anticipated...

Saudi Arabia has decided to allocate a mere 25% of its $1 trillion strategic investment plan to the oil sector,...

Saudi Arabia has set a strategic goal to significantly reduce its financial commitment to the oil sector, planning a $40...

A recent analysis from Goldman Sachs reveals that Saudi Arabia is set to channel $1 trillion into strategic sectors by...

Riyadh is poised to become a hub for financial technology innovation as it prepares to host the inaugural 24 Fintech...

Sawani, an enterprise under the umbrella of the Public Investment Fund (PIF), has recently celebrated a significant triumph for its...

The Buraidah Dates Carnival, a prime marketing event in the Qassim Region, is facilitated by the Ministry of Environment, Water,...

The Saudi Central Bank, known as SAMA, has witnessed a robust annual increase in its reserve assets, rising by 5.5%...

The member nations of the Gulf Cooperation Council (GCC) are proactively enhancing incentives for both domestic and international investors within...

The Kingdom of Saudi Arabia has unveiled a set of new legislations aimed at enhancing transparency and streamlining the investment...

Faisal Sultan, Lucid Middle East's Vice President and Managing Director, has expressed confidence in Saudi Arabia's potential to become a...

Goldman Sachs highlights a significant transformation in Saudi Arabia's investment approach, predicting a substantial influx of $1 trillion into six...

Saudi Arabia is setting its sights on a major enhancement of its transportation and logistics sector, with a strategic plan...

The insurance industry in Saudi Arabia has experienced a remarkable 25 percent surge in profits during the first half of...

In the initial quarter of 2024, Saudi Arabia experienced a surge in the construction industry, with the value of contracts...

The Public Investment Fund (PIF) of Saudi Arabia has expanded its sporting portfolio by venturing into the football sphere within...

In a strategic pivot towards sustainable energy, Saudi Arabia is set to bolster its investment in the green sector, while...

The Kingdom of Saudi Arabia has markedly increased its investments in US Treasury securities, with an infusion of $4 billion...

Saudi Arabia is set to channel a lower amount of capital into its oil industry than what was previously anticipated,...

Saudi Arabia is on the brink of a transformative investment journey, with plans to channel $1 trillion into a capex...

In July, the yearly inflation rate in Saudi Arabia remained constant at 1.5 percent, the same as the previous month's...

As the largest oil and gas entity globally, Saudi Aramco is intensifying its collaborations with China in the realms of...

In the ever-evolving quest for operational efficiency, innovation, and profitability, the Gulf's corporate landscape is on the cusp of a...

The International Islamic Trade Finance Corporation (ITFC), part of the Islamic Development Bank Group, has inked a financing deal worth...

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is intensifying its collaborative efforts with the Saudi...

In a bold move towards hosting the 2034 FIFA World Cup, Saudi Arabia has announced the construction of a cutting-edge...

The Public Investment Fund (PIF) of Saudi Arabia has observed a slight increase in its investments within the US stock...

In an effort to expand its reach within the Middle Eastern automotive care market, IGL Coatings has named Lamaan (IGL...

The groundbreaking developmental project in northwest Saudi Arabia, NEOM, recently held its first NEOM Social Responsibility Awards, a ceremony designed...

The Kingdom of Saudi Arabia has seen its official reserve assets escalate to SR1.7 trillion (equivalent to $452.8 billion) as...

The global consulting firm EY, previously known as Ernst & Young, has selected Saudi Arabia's capital, Riyadh, as the central...

The Kingdom of Saudi Arabia is setting a strategic focus on broadening its economic landscape and enhancing the development of...

The real estate sector in Saudi Arabia has experienced a remarkable upsurge since the onset of 2024, amassing over 280,000...