Saudi Business News

Riyadh is set to host the third annual International Mining and Resources Conference (IMARC) ministerial roundtable, an exclusive gathering of...

A new economic chapter has been initiated as Saudi Arabia and Belarus inked a Memorandum of Understanding (MoU) on Monday,...

In a significant milestone, Saudi Arabia has emerged as the leader in venture capital (VC) investments within the Middle East...

On Monday, the oil market witnessed a significant downturn, with prices dropping by more than 3 percent. This decline was...

In a significant development within Saudi Arabia's business media sector, the Saudi Electricity Company (SEC) along with its affiliate National...

In a strategic move to strengthen economic collaboration, Saudi Arabia and Belarus have initiated a new partnership through a memorandum...

Saudi Arabia has emerged as the premier destination for venture capital investment within the Middle East and North Africa (MENA)...

Microsoft has recently made a significant leadership change by naming Turki Badhris as the President of Microsoft Arabia. In this...

The Kingdom of Saudi Arabia has proudly positioned itself at the forefront of venture capital investment within the Middle East...

The mining sector in Saudi Arabia is set to experience a considerable advancement as the Saline Water Conversion Corp. (SWCC)...

The Kingdom of Saudi Arabia has announced a considerable reduction in the cost of its premier Arab Light crude oil...

The Ministry of Energy in Saudi Arabia and the futuristic city project NEOM have established a partnership aimed at injecting...

Sohar International is on the brink of a substantial leap forward with the approval from the Saudi Central Bank (SAMA)...

The recent discovery of substantial gold reserves by the Saudi Arabian Mining Company (Ma'aden) could position Saudi Arabia as an...

Riyadh's Industrial Ambitions: A Leap into Advanced Manufacturing As Saudi Arabia embarks on a transformative journey to enhance its industrial...

The Kingdom of Saudi Arabia is gearing up for Expo 2030 with a promise to highlight advancements in digital innovation,...

At the close of 2023, Saudi Arabia affirmed its status as a primary hub for venture capital in the Middle...

The Kingdom of Saudi Arabia (KSA) is on the verge of a significant development in its financial sector, with plans...

The commercial landscape in Madinah has witnessed a modest uptick in its electronic commerce activities, as indicated by the latest...

The Saudi Arabian realm of educational technology, or EduTech, has emerged as a vibrant and lucrative arena for investment. With...

In a bold move to strengthen its position as a regional business hub, Saudi Arabia has instituted a policy requiring...

Saudi Arabia is undergoing a remarkable economic metamorphosis, moving away from its traditional reliance on oil towards a more diverse...

The industrial landscape in Saudi Arabia has displayed a promising uptick, with investment levels experiencing a 1.5% quarter-over-quarter increase, reaching...

The Saudi Real Estate Refinance Company (SRC), which operates under the umbrella of the country's sovereign wealth fund, the Public...

Pizza Inn, the Dallas-based pizza buffet chain, is poised to expand its international footprint with a significant foray into the...

In November 2023, Japan saw a significant rise in crude oil imports from Saudi Arabia, which accounted for 42.7% of...

The Saudi Ministry of Commerce has released a report detailing the progress and expansion of the business sector in the...

In an effort to bolster the development of small and medium-sized enterprises (SMEs), Saudi Arabia's Ministry of Industry and Mineral...

In recent developments, the non-oil sector of Saudi Arabia has shown significant growth, driven by a surge in new orders,...

Riyadh's Ambitious Energy Projects: A Push for Sustainability The Saudi Power Procurement Company (SPPC) has initiated a call for tenders...

The non-oil segment of Saudi Arabia's economy displayed its most rapid pace of sales growth since July of the previous...

The custodians of the Grand Mosque in Makkah, a central place of worship in Islam, have recently modernized the pilgrimage...

The General Authority for the Affairs of the Two Holy Mosques has adopted sophisticated artificial intelligence (AI) solutions and various...

A tech enterprise based in Saudi Arabia, Naseej for Technology, has successfully secured a contract with the kingdom's Ministry of...

Starting from January 15, Saudi Arabia has made it obligatory for all residential rent payments to be processed exclusively through...

In a significant financial development, the Saudi Arabian Embassy in Amman, in collaboration with Jordan's Ministry of Planning and International...

Anticipations for Saudi Arabia's economy remain upbeat for the coming year, driven by a surge in consumer spending and robust...

The insurance market in Saudi Arabia has demonstrated a robust expansion of 14.6 percent by the end of the third...

The landscape of the stock market is ever-changing, with some companies experiencing growth while others face declines. A recent observation...

David Castera, the race director of the notorious Dakar Rally in Saudi Arabia, has a storied history within the world...

The Kingdom of Saudi Arabia has successfully concluded a substantial economic aid initiative for Jordan, amounting to $250 million, as...

The Public Investment Fund (PIF) of Saudi Arabia, which possesses an asset base nearing $800 billion, aims to rise to...

During a recent announcement, Abdul Aziz Al-Furaih, chairman of the Steering Committee at the Saudi Ministry of Finance, disclosed plans...

In a year marked by cautious spending among many sovereign investors, the Public Investment Fund (PIF) of Saudi Arabia distinguished...

SICO Capital, a prominent investment banking entity in Saudi Arabia, has welcomed Bassam Abdulaziz Noor as its new chief executive...

As the year draws to a close, Honor has stepped up to spread cheer among tech aficionados and those in...

The Kingdom of Saudi Arabia recently unveiled a strategic initiative aimed at enhancing sustainable manufacturing and reducing operational costs within...

The investment activities of the Saudi Arabian Public Investment Fund (PIF) have seen a marked uptick, with the sovereign wealth...

In a significant boost for the business media sector, Tameed, a digital lending platform based in Saudi Arabia, has successfully...

In a significant display of financial activity, three sovereign wealth funds from the United Arab Emirates collectively invested $36.5 billion...

In Saudi Arabia, the private education sector is emerging as a significant area for investment, driven by its potential for...

In a significant move for Saudi Arabia's industrial sector, Makeen, a collaboration between Aramco, HD Hyundai Heavy Industries, and Dussur,...

The Saudi Central Bank (SAMA) is currently inviting public feedback on proposed updates to the “Key Principles of Governance in...

In a remarkable shift within the sovereign investment landscape, the Saudi Public Investment Fund (PIF) has distinguished itself as the...

In a significant move to bolster its tourism industry, Saudi Arabia has introduced the Tourism Development Fund's latest initiative, TDF...

The Saudi Arabian private school sector is poised for significant growth, offering investors attractive opportunities, as reported by industry expert...

In a remarkable show of growth, flynas, recognized as a leading low-cost carrier (LCC) in both the Middle East and...

In a significant development for the industrial landscape of Saudi Arabia, the Saudi Authority for Industrial Cities and Technology Zones...

The Public Investment Fund (PIF) of Saudi Arabia has made a resounding impact on the global investment landscape in 2023....

In a decisive move to expand its global investment footprint, the Public Investment Fund (PIF) of Saudi Arabia has emerged...