Saudi Business News

Saudi Arabian Mining Company (Ma’aden) plans to merge its aluminium units with Aluminium Bahrain (Alba) through a non-binding agreement. In...

Zindi Hosts First International AI Olympiad in Riyadh The first-ever International AI Olympiad (IAIO) took place in Riyadh, Saudi Arabia,...

Saudi Crown Prince Mohammed bin Salman has announced a $5 billion investment in Egypt through the Saudi Public Investment Fund...

Saudi Energy Minister Prince Abdulaziz bin Salman emphasized the critical role of nuclear security and safety, asserting that each state...

The Saudi Arabian Crown Prince, Mohammed bin Salman Al Saud, and Egyptian Prime Minister, Mostafa Madbouly, met in Riyadh to...

Lombardy, Saudi Arabia Forge Path to Future Opportunities The Lombardy region, with a GDP exceeding €400 billion, stands as a...

The sports investment firm owned by Saudi Arabia’s Public Investment Fund (PIF) is participating in the sale process for EuroLeague,...

Saudi Arabia's inflation rate edged up to 1.6% in August from 1.5% in July, driven by rising housing rents and...

S&P Global Ratings has upgraded Saudi Arabia's outlook from stable to positive, affirming its ‘A/A-1’ long- and short-term credit ratings....

Analytix has emerged as a top business solutions provider in Saudi Arabia, assisting over 1800 companies from 14 countries across...

The Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, has unveiled the Rafed Program. This initiative focuses on creating...

Dr. Majid Al-Qasabi, Saudi Minister of Commerce, met in Riyadh with British Secretary of State for Business and Trade Jonathan...

Egyptian Prime Minister Dr. Mostafa Madbouly announced the finalization of the Saudi-Egyptian Investment Protection Agreement, set to be activated within...

Saudi Arabia has significantly increased its issuance of investment licenses to Egyptian businesses, more than doubling in 2024, highlighting a...

Saudi Arabia’s General Entertainment Authority (GEA) has boosted financial backing for small and medium enterprises (SMEs) in the entertainment sector...

Aluminium Bahrain B.S.C. (Alba) has entered a non-binding agreement with Saudi Arabian Mining Company (Maaden) to explore a potential business...

Lhamim, a Saudi-based marketing and media agency, has added four new clients to its portfolio: Alramz Real Estate, Petromin Corporation,...

Asharq Business with Bloomberg has launched a new programming schedule to provide extensive coverage of regional markets, particularly focusing on...

Saudi Arabia is making significant strides in becoming a major hub for artificial intelligence (AI). Recent high-profile events and partnerships...

Pharmaceutical companies in Saudi Arabia must soon comply with new regulations requiring pharmacoeconomic assessments. These assessments will help demonstrate the...

Saudi Arabian Mining Company (Maaden) is set to acquire a 25.1% stake from US aluminium producer Alcoa in their joint...

During a visit to Saudi Arabia, Prime Minister Mostafa Madbouly and key Egyptian ministers met with prominent Saudi officials to...

Saudi Arabia’s Capital Market Institutions Report 27% Revenue Growth Saudi Arabia's capital market institutions experienced a 27% increase in operating...

Saudi Arabia’s Capital Market Sees 27% Revenue Growth Saudi Arabia's capital market institutions experienced a 27% increase in operating income...

QnA International will host the 3rd Kingdom Business & Luxury Travel (KBLT) Congress on September 25-26, 2024, at the Crowne...

Yango Tech, a leader in e-commerce technology, has partnered with Al Sadhan and SPAR to enhance retail technology in the...

Saudi Arabia’s Ma’aden has signed an agreement with Alcoa to acquire a 25.1% stake in their joint venture for $1.1...

Kiverco, a recycling business from County Tyrone, is securing significant contracts in Saudi Arabia thanks to support from a UK...

In August, the prices of 114 goods and services in Saudi Arabia rose year-on-year, while 51 saw a decrease, and...

Saudi Arabia's annual inflation rate held steady at 1.6% in August, as reported by the General Authority for Statistics (GASTAT)....

Azfar Shakeel, CEO of Lumi Car Rental, emphasized the company's commitment to transforming mobility for individuals and businesses in Saudi...

The Saudi Arabian Mining Company, Ma’aden, has announced a significant acquisition deal involving Alcoa’s stakes in a bauxite facility and...

Standard & Poor’s (S&P) has reaffirmed Saudi Arabia’s credit rating at "A/A-1" for both local and foreign currency, improving the...

Groq Partners with Aramco for AI Data Center in Saudi Arabia AI startup Groq Inc. is collaborating with oil giant...

Saudi Arabia’s Fourth Milling Company (MC4) has initiated investor orders for its IPO, aiming to raise up to $228.9 million....

Saudi Arabia is undergoing a significant transformation with its ambitious Vision 2030 plan, aimed at diversifying the economy and fostering...

Cityscape Global, a major real estate event, is set to unveil new features and halls this year. The event, which...

Artificial intelligence startup Groq Inc. has teamed up with oil giant Aramco to establish a massive data center in Saudi...

Saudi Arabia's Vision 2030 is revitalizing its financial sector, marked by a surge in IPOs, mergers, and acquisitions. This transformation...

The Saudi Fund for Development (SFD) has signed its first development loan agreement with the Commonwealth of Dominica, signaling a...

Saudi Arabia's retail landscape is rapidly evolving, driven by a young, urban, and tech-savvy population. With high internet and smartphone...

The General Authority for Statistics (GASTAT) has released the Consumer Price Index (CPI) for August 2024. This index reveals that...

Saudi Arabia is strategically expanding its pool of skilled professionals to fuel growth in its private markets sector, a key...

Saudi Arabia is set to dominate the Middle East ECM market through the end of the year, significantly contributing to...

Aramco Digital Company and Groq have announced a partnership to create the world's largest AI inferencing data center in Saudi...

The Middle East is undergoing a digital transformation, with cloud computing playing a pivotal role. Governments are leveraging cloud technology...

Saudi Arabia and Hong Kong Strengthen ETF Ties Saudi Arabia's first ETFs focused on Hong Kong's equities market are set...

Prime Minister Mostafa Madbouli met with key Saudi investors in Riyadh, a gathering organized by the Federation of Saudi Chambers...

Siemens Mobility has appointed Frank Hagemeier as the new CEO for Saudi Arabia. Hagemeier, who previously led Siemens Mobility in...

The Saudi General Authority for Statistics reported that the annual inflation rate in the kingdom reached 1.6% in August. This...

The Tadawul All Share Index in Saudi Arabia rose by 57.75 points (0.49%) to 11,900.30 on Sunday, with a trading...

Saudi Arabia's Vision 2030: Environmental Sustainability and Economic Diversification Through Mining Countries are moving away from oil dependency due to...

Tuwaiq Academy in Riyadh, in collaboration with Meta, has introduced the first diploma in data science and artificial intelligence. This...

The Saudi Fund for Development has signed a $41 million loan agreement with Dominica to finance the Infrastructure Rehabilitation Project...

Fils, a leader in ESG-focused fintech, has partnered with Saudi-based Madkhol, a platform specializing in Robo-advisory investment services. This collaboration,...

S&P Global Ratings has upgraded its outlook for Saudi Arabia from stable to positive, highlighting the country's robust non-oil growth...

The Saudi Fund for Development (SFD) has signed its first development loan agreement with the Commonwealth of Dominica, marking a...

Saudi Arabia’s Capital Market Authority (CMA) has announced a strategic plan for 2024-2026 aimed at strengthening its debt market and...

Saudi Arabia’s Capital Market Authority (CMA) has rolled out a strategic plan for 2024-2026 to strengthen its debt market and...

S&P Global Ratings has upgraded Saudi Arabia's outlook from stable to positive, highlighting the potential for future ratings increases. This...