Saudi Business News

Saudi Banking Sector Thrives Amid Economic Diversification: Moody’s Saudi Arabia's push for economic diversification is significantly boosting its banking sector,...

UK firms are set to expand in Saudi Arabia following a key ministerial meeting aimed at strengthening trade relations. The...

Saudi Arabian stocks saw an uptick on Wednesday, driven by gains in various sectors. The overall market index rose by...

Aramco Digital, a subsidiary of Saudi Arabia's state-owned Aramco, has partnered with Groq, an AI inference company, to establish a...

Saudi Arabia’s Tadawul All Share Index rose by 35.28 points (0.30%) to close at 11,920.94 on Wednesday. Trading turnover reached...

Saudi Arabia’s Public Investment Fund (PIF) has unveiled the National Interactive Entertainment Co., known as QSAS, to create immersive storytelling...

Saudi Arabia’s Public Investment Fund has introduced the National Interactive Entertainment Co., also known as QSAS, to develop immersive storytelling...

Saudi Arabia's electric vehicle (EV) sector needs charging stations every 100 km on highways to support its growth, according to...

Saudi Arabia Introduces Customs Exemption for Experimental Production Saudi Arabia has unveiled a new customs exemption aimed at boosting the...

HALO Space, a leading company in near-space tourism, is advancing its plans in Saudi Arabia by setting up final assembly...

Riyadh-based eWTP Arabia Capital has rebranded as ‘ewpartners’ to mark seven years of operations in Saudi Arabia. The firm, known...

Saudi Arabia is poised for a robust year in initial public offerings (IPOs), with over 50 expected and 35 already...

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

KIVERCO Secures Major Contracts in Saudi Arabia with UK Government Support KIVERCO, known for their waste-recycling equipment, has landed multi-million-pound...

Pluto, a leading UAE-based expense and account payables management platform, has announced a strategic partnership with Saudi fintech company neoleap....

Transport and Furniture Lead Spending Increases in Saudi Arabia Furniture and transport sectors in Saudi Arabia saw the highest weekly...

Saudi Arabia: Imagination, a globally recognized experience design firm, has appointed Abdullah Hamad AIOshaiwan as the new General Manager for...

Investors are keenly awaiting the US Federal Reserve’s decision on interest rates, expected after the Federal Open Market Committee meeting....

Aramco Digital, a branch of Aramco focusing on digital and technology advancements, has partnered with Accenture to drive generative AI...

The Saudi Arabia Battery Market is experiencing notable growth due to increased demand for energy storage solutions, driven by investments...

Saudi Arabia's ports experienced a notable 14.6% rise in container traffic in 2023, with both inbound and outbound movements increasing...

Saudi Arabia is set to enhance support for companies in Egypt's new and renewable energy sector. During a meeting in...

Yango Tech, a key player in e-commerce technology, has partnered with Al Sadhan and SPAR at the GAIN Summit in...

Saudi Arabia has introduced a customs exemption for industrial businesses to help diversify and strengthen its economy. The Ministry of...

Saudi Arabian Mining Company (Ma'aden), the region's largest metals and mining firm, has announced the acquisition of SABIC's 20.62% stake...

Riyadh's Ministry of Communications and Information Technology, alongside the National Technology Development Program, has introduced the Tamkeen Initiative. This program...

Riyadh: The National Debt Management Center has concluded the September 2024 issuance of the Saudi Arabian Government's SAR-denominated Sukuk Program....

Saudi Arabia has achieved significant recognition in the UN digital services index, ranking first in the region and fourth globally....

Saudi Arabia and the UK have achieved record trade levels surpassing $21.7 billion and aim to boost bilateral trade to...

The Saudi Council of Ministers has approved the Law of Commercial Registration and the Law of Trade Names, aiming to...

Gross domestic product (GDP) growth in the G20 region maintained a steady pace in the second quarter of 2024, with...

Swvl Holdings Corp, a leading provider of enterprise and government mobility solutions, has secured new contracts in Saudi Arabia worth...

Saudi Arabia is set to host the NEOM Beach Games 2024 from November 3 to 23, featuring over 1,000 athletes,...

A Saudi Arabian cat food company, inspired by Islamic teachings on kindness to animals, is helping care for stray and...

Saudi Arabia's National Debt Management Center (NDMC) finalized its riyal-denominated sukuk issuance for September, totaling SR2.603 billion ($690 million). In...

Saudi Arabia's PIF Drives E-Mobility with $39B Investment Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is leading...

Saudi Arabia's Literature, Publishing, and Translation Commission is gearing up for the Riyadh International Book Fair at King Saud University...

SURJ Sports Investment from Saudi Arabia is looking to acquire a minority stake in the EuroLeague basketball competition. Partnering with...

Saudi Arabia is accelerating its metals and mining industry with three major deals in recent days. The Saudi Arabian Mining...

The Saudi Arabian IoT in healthcare market is experiencing significant growth driven by key factors. Government initiatives and investments in...

Saudi Arabia’s Tadawul All Share Index saw a modest increase on Tuesday, rising by 18.29 points (0.15%) to close at...

UNOX Arabia, a leader in intelligent cooking technology, hosted a panel in Riyadh focused on the F&B sector's role in...

Saudi Arabia's industrial sector is set for substantial growth through the Rafid program, which partners with academic institutions to drive...

The Saudi Data and AI Authority (SDAIA) has updated the Regulation on Personal Data Transfer Outside the Kingdom, introducing new...

Analytix has become a top business solution provider in Saudi Arabia, aiding international organizations and foreign investors in setting up...

Saudi Arabia has approved its first exchange-traded funds (ETFs) tracking Hong Kong equities, as announced by the Capital Market Authority...

Saudi Arabia's capital market institutions saw a 27% rise in operating income, reaching $1.1 billion in Q2. Operating income, which...

Saudi Arabia is localizing rose cultivation to meet local demand, create jobs, and cut down on costly imports of lesser...

UK companies are planning to expand operations in Saudi Arabia following high-level discussions aimed at strengthening trade partnerships between the...

Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayef, met with the UK's Secretary of State for Business and...

RIYADH, Saudi Arabia: Saudi Commerce Minister Dr. Majed Al-Qasabi announced an imminent agreement to encourage and protect Saudi investments in...

NTT Data has appointed Rami Beidas as the new leader of its Saudi Arabia office. Based in Riyadh, Beidas will...

During a meeting in Riyadh, Saudi Crown Prince Mohammed bin Salman announced a US$5 billion investment in Egypt through the...

During a meeting in Riyadh, Saudi Crown Prince Mohammed Bin Salman announced a USD 5 billion investment in Egypt through...

Saudi Arabia has approved its first exchange-traded funds (ETFs) tracking Hong Kong-listed equities, marking a significant milestone for the Middle...

The Saudi Public Investment Fund's SURJ Sports Investment is selling a €1 billion minority stake in the EuroLeague, a prominent...

What's happening? Saudi Arabia has approved its first ETF that tracks Hong Kong equities, marking a significant step in enhancing...

S&P Global has upgraded Saudi Arabia's economic outlook to “positive” from “stable,” reflecting strong non-oil growth and resilience against oil...

Trade between Saudi Arabia and Egypt exceeded $33 billion in 2022 and 2023. Egyptian Prime Minister Dr. Mostafa Madbouly announced...

Saudi Investment Bank (SAIB) intends to launch a dollar-denominated Tier I sukuk, potentially reaching up to $1.5 billion, under its...