Saudi Business News

Saudi Aramco has agreed with China's Sinopec to expand their Yasref petrochemicals facility on Saudi Arabia's west coast. This move...

Lucidya, a leading AI-driven customer experience management platform in the Arab region, has been awarded a SAR 5 million grant...

Ronn Inc., a company specializing in hydrogen mobility and clean energy, has initiated the first phase of a commercial agreement...

Accesso Technology Group PLC has been selected as the guest experience technology provider for the Qiddiya entertainment project in Saudi...

Saudi Aramco has identified 14 new oil and gas sites in the Eastern Region and the Empty Quarter, according to...

Business registrations in Saudi Arabia experienced strong growth in the first quarter of 2025, rising 48 percent year-on-year with over...

Accesso Technology Group has been selected to provide guest experience technology for Saudi Arabia's Qiddiya giga-project, part of the Saudi...

The International Monetary Fund (IMF) has acknowledged Saudi Arabia’s ongoing support and leadership in global financial matters. During a recent...

Saudi Arabia's economy, heavily reliant on oil, is under pressure due to plummeting crude prices, forcing the nation to consider...

Saudi Arabia is considering the launch of special purpose acquisition companies (SPACs) on its parallel market, Nomu, aiming to encourage...

Saudi Arabia’s industrial sector marked a notable advance with the launch of 103 new factories in January, drawing investments of...

Saudi Arabia has announced new water and sewerage projects worth $533 million in the Riyadh region to enhance public utility...

Saudi Arabia is moving forward with massive initiatives like Neom and its flagship project, The Line, as part of its...

Egyptian quick commerce company Rabbit is entering the Saudi Arabian market, aiming for 20 million deliveries by 2026 using a...

Saudi Arabia's non-oil private sector experienced significant growth in March, spurred by strategic marketing efforts, pricing strategies, and a strengthening...

Saudi Arabia is committed to amplifying the voices of emerging economies within a key International Monetary Fund (IMF) committee, as...

SS&C Technologies Holdings has expanded its presence in the Middle East with a new office in Riyadh, Saudi Arabia. This...

SS&C Technologies has expanded its international reach by opening a new office in Riyadh, Saudi Arabia. This move is aimed...

Saudi Arabia, the leading global oil exporter, has significantly reduced its oil prices for Asian markets, nearing their lowest point...

Saudi Arabia has introduced the fourth round of its Sah savings product for 2025, delivering a 4.88 percent return for...

Saudi Arabia's non-oil private sector continued to expand in March, driven by increased orders due to lower prices and better...

Artificial intelligence is playing a bigger role in the beauty industry, with companies in Saudi Arabia and worldwide adopting new...

Saudi Arabia is experiencing a surge in mergers and acquisitions, significantly reshaping its business environment. The General Authority for Competition's...

A young Chinese student, Alia Kong, is using metaverse technology to connect students from China and Saudi Arabia, aiming to...

Saudi Arabia is set to host the Industrial Transformation Exhibition in December 2025, a new event established through a partnership...

Saudi Arabia’s Ministry of Investment has opened the door for foreign investors to buy and sell real estate in the...

Technological innovation is rapidly transforming the global digital economy, and Saudi Arabia is actively participating in this shift. The Kingdom's...

Saudi Arabia has introduced new Commercial Pledge and Trade Names Systems to modernize its business environment, part of the Vision...

Saudi Arabia is accelerating efforts to attract foreign investment as it approaches the final stages of its Vision 2030 plan,...

Boxing has experienced a major turnaround after a period of decline marked by disputes among promoters and frustrated fans. The...

Saudi Arabia is experiencing a surge in tourism, with inbound spending reaching a record $40.95 billion in 2024, a 13.82%...

Saudi Arabia is implementing significant updates to its business registration process with the introduction of the new Law of Commercial...

Despite a global decline in CEO confidence, leaders in Saudi Arabia remain optimistic about their country's prospects and their companies'...

Consumer spending in Saudi Arabia is expected to remain strong, driven by a young, digitally savvy population and ongoing economic...

Consumer spending in Saudi Arabia is projected to remain strong, supported by a youthful population and digital growth. Sunil Kumar,...

In Saudi Arabia, a new technology for purifying drinking water using electrical charges is set to expand following a four-year...

Saudi Arabia's Vision 2030 aims to create a more business-friendly environment, attracting both local and international investors. The government has...

Saudi Arabia's non-oil exports to the UAE reached SR7.10 billion in January, marking a 10% increase from the previous month....

Saudi Arabia is facing increased financial strain as oil prices remain weak, putting pressure on its extensive spending plans. With...

Saudi Arabia's domestic tourism is booming during Eid Al-Fitr, significantly boosting the hospitality industry. The trend towards local travel is...

Businesses in Riyadh experience a surge in activity during Ramadan, as shoppers seek items that enhance their celebrations. Traditional products...

Saudi Arabia’s mergers and acquisitions market has seen a strong surge, with deal values rising 55 percent to $9.6 billion...

Saudi Arabia's Circular Carbon Economy Framework: A Global Model for Emissions Reduction Saudi Arabia's Circular Carbon Economy (CCE) Framework, introduced...

Saudi Arabia’s national unemployment rate dropped to 7 percent in the last quarter, reflecting ongoing efforts to expand job opportunities...

Saudi Arabia’s real estate market is poised for significant growth in 2025, underpinned by Vision 2030’s push to diversify the...

A new partnership has been formed between ACES, a Saudi Arabian neutral host operator, and RANsemi, a UK-based specialist in...

Saudi Arabia is investing heavily in airport infrastructure, allocating $147 billion to expand and modernize its aviation sector. This initiative...

Tesla is set to enter the Saudi Arabian market, marking a significant step for the company as it faces industry...

Several Thai firms are set to invest in Saudi Arabia’s Qassim region, viewing it as a promising business destination. The...

Saudi Arabia has introduced new incentives to draw foreign investment into its mining sector, supporting ongoing economic diversification plans. The...

Saudi Arabia's telecom industry is making strides in 5G technology with the introduction of its first live Cloud Radio Access...

Nayla Finance, a fintech startup in Saudi Arabia, has raised $4 million in seed funding, with Sanabil Venture Studio by...

Spain's Tecnicas Reunidas and Egypt's Orascom have won a $2.6 billion contract to expand a major gas-fired power plant in...

Saudi Arabia’s sovereign wealth fund, along with five other major funds in the Gulf, is expected to manage $18 trillion...

Saudi Arabia is intensifying efforts to diversify its economy by attracting foreign investors and reducing reliance on state funding. The...

Saudi Arabia is advancing sustainability efforts with innovative technologies aimed at combating desertification and preserving natural resources. Two standout developments...

Saudi Arabia is confronting water scarcity by investing in advanced solutions and infrastructure as part of its Vision 2030 and...

Saudi Arabia is rapidly positioning itself as a major business hub, driven by significant investments in infrastructure, technology, and tourism....

Saudi Arabia's US Treasury holdings dropped to $126.9 billion in January, down $10.6 billion from the previous month—a decline of...

A consultant, Steven Catudal, spent six months working in Riyadh, Saudi Arabia, where he experienced intense heat and a unique...