Saudi Business News

S&P Global Ratings, a leading international rating agency, has reasserted its confidence in Saudi Arabia's financial health, maintaining the nation's...

The esteemed international agency for credit assessment, S&P Global Rating, has recently reaffirmed the sovereign credit ratings for Saudi Arabia,...

The Kingdom of Saudi Arabia is on the brink of becoming a key player in the carbon capture, utilization, and...

The Communications, Space, and Technology Commission (CST) has announced an open call for public participation to gather insights on the...

Saudi Arabian financial institutions are poised to potentially issue an unprecedented volume of bonds this year as a liquidity challenge...

In 2023, Saudi Arabia's economy underwent a noteworthy transformation, with the non-oil segment achieving a historic feat by accounting for...

A consortium of representatives from various sectors within Saudi Arabia's industry and mineral resources framework took to the global stage...

In a significant display of Saudi Arabia's commitment to urban progress, ROSHN Group, the nation's preeminent property developer backed by...

The Communications and Space Technology Commission (CST) has recently disclosed findings from the fourth quarter of 2023 on the 'GameMode'...

The Kingdom of Saudi Arabia is experiencing significant growth in its data center sector, with approximately 24 colocation data centers...

A recent report titled Saudi Arabia Data Center Market Competition Forecast & Opportunities, 2028 has been incorporated into the offerings...

Saudi Arabia's National Development Fund (NDF) announces the establishment of two new venture capital funds, collectively worth $120 million, dedicated...

The Chief Executive Officer of the Saudi Food and Drug Authority (SFDA), Dr. Hisham bin Saad Aljadhey, has recently engaged...

Saudi Venture Capital (SVC), in a notable move to bolster small and medium-sized enterprises (SMEs), has committed $30 million to...

In an impressive display of efficiency and growth, the King Abdul Aziz Port in Dammam has set a new benchmark...

The Saudi Ports Authority, known as Mawani, has reported a remarkable uptick in its port activities for the month of...

The Saudi Ministry of Finance, in collaboration with the National Debt Management Center, has recently concluded the second round of...

The Saudi Arabian business sphere is currently witnessing a robust expansion, with several industries emerging as key drivers of this...

Saudi Arabia's Public Investment Fund (PIF) has extended a substantial proposal of US$2 billion to amalgamate the men's and women's...

Anticipation has been high among the stakeholders of tennis for a comprehensive strategy to revitalize the sport, potentially unlocking billions...

The tech industry in Riyadh is on the cusp of a transformative injection of funds with the announcement of a...

Nicholas Dirks, the esteemed leader of The New York Academy of Sciences, recently took the stage at a highly acclaimed...

The General Real Estate Authority (REGA) is marking its presence at the prestigious MIPIM real estate exhibition currently underway in...

The tax authorities in Saudi Arabia are calling on all taxpayers to capitalize on a fines and penalties waiver initiative...

The Jada Fund of Funds, a branch of the Saudi Public Investment Fund, is channeling 1 billion Saudi riyals (approximately...

Jada Fund of Funds, supported by Saudi Arabia's Public Investment Fund (PIF), recently made a groundbreaking move by investing in...

The Saudi Arabian stock market witnessed a significant recovery on Tuesday, with the Tadawul All Share Index climbing 58.22 points...

Riyadh's Financial Boost: A report from Saudi Arabia's central bank indicates a noteworthy 11 percent year-on-year increase in lending, with...

A subsidiary of the Saudi Public Investment Fund (PIF) has taken a significant step in the venture debt space by...

The Saudi urban sector is poised to capture the spotlight as New Murabba Development Co. gears up to participate in...

Marking a strategic expansion in the realm of venture debt, the Jada Fund of Funds, a branch of the Saudi...

Jordan-based fintech startup Numa is set to join forces with global payments giant Visa, aiming to scale their operations into...

The Jordanian fintech company Numa has embarked on an expansion journey into Saudi Arabia, with Visa providing both investment and...

Pearl Group, a prominent player in the field of polyurethane (PU) insulation and other PU-related applications, has recently achieved a...

Amid discussions on the fringes of the Bahrain Smart Cities Summit 2024 in Manama, Saudi Arabia and Bahrain are delving...

The Public Investment Fund (PIF) of Saudi Arabia has undergone a substantial increase in total assets, with a rise of...

Brands For Less reaches a new landmark in their growth trajectory with the inauguration of their 30th outlet in Saudi...

The Public Investment Fund (PIF) of Saudi Arabia has achieved a significant position, ranking fifth among state-owned investment entities with...

The Children with Disability Association in Saudi Arabia has embarked on an innovative partnership with Amazon, introducing an Alexa-based program...

A strategic partnership has formed between Aramco Digital, the tech-forward arm of Aramco, and LTIMindtree, setting the stage for a...

During the sacred month of Ramadan, retail establishments are known to present a plethora of promotional deals. This long-standing tradition...

The most recent analysis of the Middle East's economic climate anticipates a deceleration in the GCC's growth pace to 2.7...

The AlUla Governorate is recognized for its flourishing agricultural sector, which significantly contributes to the region's economic growth. Local farms...

The longstanding economic partnership between South Korea and Saudi Arabia, which spans six decades, is now branching out from its...

The ambassador of Saudi Arabia to Korea recently addressed a prominent business forum to shed light on NEOM, a transformative...

The Jada Fund of Funds, operating under the umbrella of Saudi Arabia's Public Investment Fund, has allocated 3.75 billion riyals...

The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, has witnessed a remarkable increase in its net assets, now...

The Saudi Arabian oil colossus, Aramco, has disclosed its financial outcomes for the past year, with profits amounting to US$121...

The Kingdom of Saudi Arabia is set to enhance its energy collaboration with the People's Republic of China. Aramco, the...

Animoca Brands Corporation Ltd is at the forefront of transforming the Web3 and gaming environments in Saudi Arabia through a...

Saudi Arabia has set an ambitious goal of welcoming 150 million visitors by the year 2030, aiming to harness its...

At the recent Saudi Arabia Green Energy Week 2024, Dr. David Zhang, Chief Technology Officer at Sunpure, was a key...

The Saudi General Authority for Statistics recently published comprehensive data detailing the Kingdom's economic performance for the last quarter of...

An engaging dialogue with Michael Champion, the Chief Executive Officer of Tahaluf, shed light on the dynamic technology scene within...

In a strategic move to boost air travel between Saudi Arabia and China, the Saudi Air Connectivity Program (ACP) has...

Profits at Saudi Aramco Fall Short of Previous Year's PeakAmid changing conditions in the global energy markets, Saudi Arabia's Aramco...

Mazadak, a pioneering technology platform, has recently achieved a significant financial boost by securing an investment of SAR 37.5 million...

The Saudi Arabia Railways (SAR) has officially penned a three-year agreement with global sea shipping leader Maersk. This strategic alliance...

DHARAN — Saudi Aramco has disclosed its annual financial outcomes for the year 2023, registering a commanding net income of...

With an eye towards enhancing the logistics landscape and supporting both existing and emerging businesses, Aramex, a leading player in...