Saudi Business News

Recent strategic maneuvers by the Public Investment Fund of Saudi Arabia, via its gaming arms Savvy Games Group and ESL...

Driven by a collective preference for tailored educational experiences, an emphasis on technological skills, and heightened awareness about the benefits...

Riyad Bank is reportedly deliberating the possibility of offering public shares for its investment banking division, aiming to harness the...

China has risen to prominence as the foremost investor in Saudi Arabia's greenfield projects, with a staggering $16.8 billion directed...

China's investment footprint in Saudi Arabia has expanded dramatically, with the country's greenfield foreign direct investment (FDI) inflow into the...

Saudi Arabia is setting its sights on artificial intelligence (AI) for its next major investment frontier. With a history of...

The Zakat, Tax, and Customs Authority (ZATCA) has issued a reminder to all businesses that fall under the withholding tax...

The security landscape in Saudi Arabia is experiencing a significant period of growth, with the market value of security services...

In a recent announcement, the ROSHN Group disclosed the formation of a strategic partnership with Google Cloud. This alliance is...

In a significant development within the Saudi Arabian financial sector, stc pay has been officially sanctioned by the Saudi Central...

Thai small and medium-sized enterprises (SMEs) are identifying Cambodia and Saudi Arabia as promising territories for expanding their trade partnerships....

The asset management domain within Saudi Arabia has demonstrated a notable surge in activity revenues, reaching SR4.2 billion ($1.12 billion)...

In the Kingdom of Saudi Arabia, a new chapter in urban development is unfolding, marked by substantial growth and unparalleled...

King Abdullah University of Science and Technology (KAUST) recently marked a significant stride in research and development (R&D) within Saudi...

A landmark study conducted at King Abdulaziz University has made a significant breakthrough in the battle against cancer, showcasing the...

In a recent surge of economic confidence, equity markets across Asia experienced a noticeable increase. The uptick in shares suggests...

The 'Saudi Vision 2030' has set an audacious goal of attracting 150 million visitors per year, and the burgeoning air...

China has escalated its investment presence in Saudi Arabia, particularly concentrating on sectors pivotal for non-oil economic expansion. With a...

The Saudi Ports Authority, known as Mawani, has recently expanded its maritime connections by incorporating a novel shipping route, the...

The Saudi Ministry of Industry and Mineral Resources has revealed a new set of mining prospects designed to draw both...

In a significant development for the startup ecosystem within the region, Saudi Arabia has taken the spotlight as the epicenter...

Envision a future where Saudi Arabia, traditionally an oil giant, is now setting its sights on a different kind of...

In the Kingdom of Saudi Arabia, the business landscape has experienced a dramatic increase in commercial registrations, with figures reaching...

The dominant force in the global oil market, Saudi Arabia, is poised to raise the official selling price (OSP) for...

Riyadh, Saudi Arabia – The upcoming Future Hospitality Summit (FHS) in Saudi Arabia is set to host a prominent group...

March witnessed the continuation of expansion within the non-oil private sectors of Saudi Arabia and the UAE, despite a slight...

In anticipation of the upcoming Eid Al-Fitr celebrations, the General Entertainment Authority (GEA) of the Kingdom has launched a comprehensive...

Entering the Competition To participate in the contest, technology entrepreneurs operating for under five years in Saudi Arabia should submit...

In March, Saudi Arabia's non-oil private sector exhibited a robust growth surge, reaching a peak in output not seen in...

March witnessed a robust expansion in Saudi Arabia's non-oil business activities, with the sector's output hitting a six-month peak. This...

Expansion in Saudi Arabia's non-oil private sector was driven by robust demand and the acquisition of new clients, resulting in...

Two leading South Korean construction companies have landed a pivotal $7.2 billion contract to build a significant gas facility in...

Saudi Arabia has unveiled a high-tech enhancement to passport control at one of its principal airports by rolling out biometric...

Two prominent South Korean construction companies have successfully obtained contracts worth a total of $7.22 billion from Saudi Aramco, the...

The Saudi-based airline, flynas, has marked a significant milestone in its expansion strategy by taking possession of its 50th Airbus...

In a significant move towards reducing its reliance on oil, Saudi Arabia has reached a pivotal point as its non-oil...

In an insightful exchange, Mohammed Al Naimi, CEO of ACT Group, delves into how Saudi Arabia's Vision 2030 is reshaping...

The Saudi Ministry of Investment and Endava, a global technology services provider renowned for its engineering excellence and client-centric approach,...

Shares of Canoo (NASDAQ: GOEV) are experiencing a downturn even as the electric vehicle (EV) manufacturer broadcasts its recent growth...

Saudia, Saudi Arabia's flagship airline, has introduced an enticing offer for international passengers transiting through the country. In a limited-time...

The Saudi Fund for Development (SFD) has recently formalized agreements to provide financial support for two significant hydropower projects in...

The Saudi Central Bank (SAMA) announced a remarkable surge in the adoption of electronic payments across the Kingdom, with e-transactions...

Riyadh's Business Boom: March witnessed a continuation of Saudi Arabia's strong business performance, with the nation's regulatory body greenlighting 18...

The Kingdom of Saudi Arabia has experienced a marked increase in the uptake of retail consumer electronic payments, achieving a...

Canoo Inc., an innovator in the high-tech advanced mobility sector, has announced a substantial vehicle sales agreement with Jazeera Paints,...

In a move that underscores the importance of cultural preservation, the Al-Ghamdi brothers have embarked on a significant project to...

Tonomus, a subsidiary of NEOM focused on cognitive technology and digital infrastructure, has entered into a collaborative dialogue with Monstarlab,...

Riyadh's Ascendancy in Fintech: The 2024 Summit Spotlight Riyadh, a burgeoning financial hub within the MENA region, is set to...

South Korea's cybersecurity titan, AhnLab, has revealed a collaborative venture with Saudi Information Technology Company (SITE), a security and cloud...

Informatica, a leader in enterprise cloud data management, has made a groundbreaking move by launching its AI-powered Intelligent Data Management...

Informatica, a leading enterprise in the realm of cloud data management, has initiated the Intelligent Data Management Cloud™ (IDMC) in...

The Saudi Human Resources Development Fund has made a substantial investment of approximately SAR 8.7 billion ($2.3 billion) in the...

A study by the market research entity YouGov has revealed that a majority of individuals residing in Saudi Arabia, amounting...

Tata Daewoo, the South Korean commercial vehicle giant, has unveiled plans to establish a truck manufacturing facility in Saudi Arabia....

The Saudi Central Bank, known as SAMA, recently disclosed an impressive uptick in digital transactions within the retail sector. Astonishingly,...

While startups in many regions grapple with a scarcity of funding, Saudi Arabia's burgeoning pipeline of initial public offerings (IPOs)...

As Gulf nations seek to expand their economic horizons beyond the oil sector, they have set their sights on the...

Lazard Inc. has strategically expanded its workforce by acquiring the expertise of Ali Syed, a former Citigroup Inc. managing director....

The Middle East's financial landscape is witnessing a transformative shift towards green finance, playing a pivotal role in bolstering economic...

The Saudi Arabian stock market concluded trading on a positive note, with considerable uplifts in multiple sectors propelling the market...