Saudi Business News

The Kingdom of Saudi Arabia is channeling a vast investment of $266 billion into its energy infrastructure over the next...

Saudi Arabia is placing a significant emphasis on enhancing investments from the private sector within its manufacturing industry, riding on...

Recent figures have demonstrated a slight uptick in Saudi Arabia's manufacturing sector, largely driven by an impressive surge in paper...

Hong Kong is planning to launch an exchange-traded fund (ETF) in partnership with Saudi Arabia, aimed at mirroring the stock...

In a move to bolster financial collaboration, Hong Kong and Saudi Arabia are advancing plans to create investment products that...

Initiating a New ETF to Link Hong Kong and Saudi Stock Indices Efforts are in motion to establish an exchange-traded...

Saudi Arabia has been commended by a United Nations body for its comprehensive legal infrastructure and robust antitrust legislation. The...

The Saudi Arabian economy demonstrated robust financial health as the liquidity levels soared by the close of March 2024, surpassing...

The financial robustness of the Saudi economy has reached new heights, with liquidity peaking at an impressive SR2,823,745 million at...

Riyadh is gearing up to host a landmark event in the aviation sector, the Future Aviation Forum, where it will...

The Board of Directors of NEOM has revealed the much-anticipated plans for Jaumur, poised to be the grandest cosmopolitan luxury...

Saudi Arabia has embarked on a journey to transform its economy beyond the traditional oil dependency, channeling massive investments into...

The AlUla Pavilion has achieved notable recognition by securing the Best Sustainable Pavilion award at the Arabian Travel Market, held...

Saudi Arabia has enhanced the scope of its electronic visa program by adding three additional countries to the list of...

The Kingdom of Saudi Arabia, through the National Cybersecurity Authority (NCA), is making a significant appearance at the RSA Conference...

Saudi Arabia has been lauded internationally by a United Nations commission for its formidable legal structure and the exceptional strength...

Sabre Corporation, a prominent software and technology entity that energizes the worldwide travel sphere, along with Taiba Investments, a reputed...

Saudi Arabia has sanctioned a series of significant economic and energy agreements with multiple nations including Jordan, Brazil, and Japan,...

The maiden venture of Red Sea Fashion Week is poised to make a splash from May 16 to 18, 2024,...

Saudi Arabia's transport sector is poised to welcome a significant number of pilgrims with a host of preparedness measures in...

In a recent financial update, it was reported that the monthly remittances from expatriates in Saudi Arabia surged to 11.9...

The Saudi Arabian employment firm SMASCO announced its intention to raise up to 900 million riyals (approximately $240 million) through...

Red Sea Global Amplifies Saudi Tourism Offerings with Strategic AlliancesSaudi Arabia's efforts to bolster its tourism sector received a significant...

A recent technology partnership between Sabre Corporation, a provider of travel software, and Taiba Investments, a prominent hospitality company in...

At the Arabian Travel Market, a premier B2B travel event in Dubai, Sabre Corporation, a prominent travel software provider, has...

Sabre Corporation, a leader in the provision of travel industry software and technology, has solidified a strategic association with Taiba...

At a significant gathering in Riyadh, the Deputy Minister of Industry and Mineral Resources, Eng. Khalil bin Salamah, took center...

The General Entertainment Authority's Chairman, Advisor Turki bin Abdulmohsen Alalshikh, has disclosed a significant long-term strategic pact involving Riyadh Season...

The Deputy Minister of Industry and Mineral Resources of Saudi Arabia, Khalil bin Salamah, recently shone a light on the...

New Collaboration to Propel Saudi Arabia's Travel AmbitionsA groundbreaking collaboration has been established between HotelRunner and Alesayi Hospitality Company (AHC),...

The Canadian envoy has highlighted ongoing collaborative efforts with Saudi Arabia aimed at reinforcing educational partnerships. Such initiatives are poised...

The Kingdom of Saudi Arabia has taken a significant step in reinforcing its water security by transforming the Saline Water...

Millennium Hotels and Resorts MEA is on the brink of inaugurating its first establishment in Jeddah within the current month,...

HotelRunner, a trailblazer in hospitality and travel technologies, has joined forces with Alesayi Hospitality Company (AHC) under the auspices of...

The city of Riyadh in Saudi Arabia recently became the hub for the largest entertainment industry convergence with the launch...

NEOM has revealed its latest development, Jaumur, poised to become the preeminent cosmopolitan marina community situated on the Gulf of...

The Saudi Electricity Company (SEC) has achieved a financial milestone by securing a substantial Islamic credit facility amounting to $1...

Saudi Arabian banks have observed a significant rise in lending, with total loans reaching SR2.67 trillion (approximately $711.5 billion) in...

Saudia, Saudi Arabia's premier airline, has forged a strategic alliance with Red Sea Global (RSG), aiming to revamp travel experiences...

The 49th International Exhibition of Inventions in Geneva, which took place from April 17 to 21, was a stage for...

The Jeddah International Building Interior Exhibition 2024 (JIBEX) commenced with grandeur at the renowned Jeddah International Exhibition and Convention Center,...

The Kingdom of Saudi Arabia has been intentionally operating with a budget deficit as a strategic step to reach its...

The Kingdom of Saudi Arabia's pivot towards renewable energy is anticipated to yield a substantial reduction in annual electricity expenditures,...

Saudi Arabia’s Vision 2030 initiative is transforming Ras al-Khair into a leading shipyard destination within the region.The Saudi government aims...

The business landscape between Saudi Arabia and Malaysia is set to strengthen following a series of high-profile meetings in Kuala...

The Saudi capital is gearing up to welcome the Fifth Internal Auditing Forum on May 12, an essential gathering in...

The national oil behemoth of Saudi Arabia, Aramco, is gearing up to distribute nearly £100bn to its shareholders, which includes...

Luxury hospitality leader Four Seasons, in collaboration with Dar Al Omran Company, has revealed plans to enhance its Middle East...

DXwand, a company at the forefront of AI-driven conversational technology, has forged a significant partnership with AstroLabs, a platform dedicated...

Saudi Arabian equity markets concluded the trading session lower on Tuesday, with significant declines in various sectors dragging down the...

In the face of declining profits, Aramco has chosen to preserve its substantial $31 billion dividend distribution to the Saudi...

Ant International, a leading digital payment and FinTech company based in Singapore, has recently signed a Memorandum of Understanding (MoU)...

A consortium of Saudi scholars has recently introduced a novel technology for producing microalgae. This advancement is poised to transform...

The inauguration of a new business council marks a significant step forward in strengthening economic bonds between Saudi Arabia and...

Cognizant and Google Cloud are taking their global collaboration to new heights with an announcement of a strategic partnership in...

Abyan Capital, a pioneering firm in Saudi Arabia's robo-advisory domain, has successfully garnered an $18 million Series A investment. The...

Lucid Motors remains unprofitable in the initial quarter, forecasting a substantial rise in investment expenses to reach $1.5 billion for...

Business entities from Hong Kong and mainland China are mobilizing for significant investments in Saudi Arabia, signifying a major move...

During a pivotal trip to Malaysia, Saudi Arabia's Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi convened with the Malaysian...

DXwand, recognized for its advancements in AI-driven conversational technologies, has declared its foray into the Saudi Arabian market through a...