Saudi Business News

The annual inflation rate in Saudi Arabia has held steady at 1.6 percent over the past three months, indicating relative...

Saudi Arabia is inviting Hong Kong businesses to invest in Aseer, a province poised to become a top tourist destination....

Swiss food and beverage giant Nestle plans to open its first food factory in Saudi Arabia, as reported recently. Scheduled...

Saudi Arabia's annual inflation rate reached 1.6% in August year-over-year, driven primarily by increased housing costs, according to official data....

The Absher platform in Saudi Arabia has become a cornerstone of the nation's digital transformation, offering a variety of digital...

Saudi Arabia's G20 presidency initiated the focus on “Space Economy and Climate Change: Challenges and Opportunities” at this year's fifth...

RIYADH: Saudi Arabia's drive to enhance local and foreign investments in agriculture has led to a 35% increase in the...

S&P Global Ratings has upgraded Saudi Arabia's outlook from stable to positive, citing strong growth in non-oil sectors and the...

Saudi Arabia is rapidly emerging as a global leader in artificial intelligence, attracting significant investments from major industry players like...

Saudi Arabia's Ambitious Recycling Plan Aims for Global Leadership In a bid to address environmental concerns and drive economic growth,...

EEC's Capital Optimization Plan to Boost Financial Health and Growth Saudi developer Emaar The Economic City (EEC) has launched a...

The world’s first fully robotic heart transplant has been successfully completed at King Faisal Specialist Hospital and Research Centre (KFSHRC)...

S&P Global Ratings has upgraded its outlook on Saudi Arabia from “Stable” to “Positive” while maintaining an 'A/A-1' credit rating...

Standard & Poor’s Affirms Kingdom’s Credit Rating, Upgrades Outlook to Positive Standard & Poor’s (S&P) has confirmed the Kingdom’s credit...

Saudi Arabia's finance and manufacturing sectors are particularly susceptible to cyberattacks, according to Samir Omar, CEO of MENA ISC. The...

Saudi Arabia has embarked on a significant initiative to train one million citizens in artificial intelligence (AI). This ambitious program,...

Standard & Poor's (S&P) has affirmed Saudi Arabia's credit rating at "A/A-1" for both local and foreign currency, while upgrading...

Revolut is aiming to expand its operations into Gulf Cooperation Council (GCC) countries. According to reports, the British FinTech has...

S&P Global Ratings has revised Saudi Arabia's forecast from stable to positive, highlighting the nation's strong non-oil growth prospects and...

Saudi Arabia's Role in the Global Clean Energy Transition through Blue Ammonia As the global shift to cleaner energy accelerates,...

Aramco Digital and Groq have partnered to establish the world's largest inferencing data center in Saudi Arabia, following the signing...

Saudi Arabia’s Vision 2030 is driving a massive transformation with $1.3 trillion earmarked for real estate, infrastructure, and transportation. To...

Qualcomm, Aramco, and Saudi Arabia’s Research, Development, and Innovation Authority (RDIA) are collaborating to launch an incubator program. This initiative...

Aramco Digital has partnered with Accenture to drive generative AI (gen AI) innovation and enhance digital skills in Saudi Arabia....

Saudi Arabia is initiating a massive $1 trillion investment plan across six key sectors by 2030, as highlighted by Goldman...

Saudi Banks' Profits Hit Record High, Loans Surge Saudi banks achieved a record profit of $2.1 billion in July, a...

Abu Dhabi-backed Cerebras Systems has entered a partnership with Aramco to boost AI capabilities in Saudi Arabia. This collaboration aims...

Saudi Arabia has been actively working to reduce its reliance on oil revenues. To achieve this, Crown Prince Mohammed bin...

Naver, South Korea's largest internet platform operator, has entered into a preliminary agreement with Saudi Arabia's AI agency to develop...

Qualcomm Technologies, Inc. has partnered with Aramco to introduce generative AI-powered IoT solutions aimed at enhancing digital transformation in Saudi...

Saudi Aramco has reported a 3.4% drop in second-quarter profits due to weaker refinery margins. China is expected to increase...

Aramco Digital, the tech subsidiary of Aramco, has partnered with Accenture to boost generative AI and advanced technology adoption within...

Qualcomm Technologies, Aramco, and Saudi Arabia's Research, Development and Innovation Authority (RDIA) are collaborating to launch Design in Saudi Arabia...

Saudi Arabia's crude oil exports to China are set to increase to 46 million barrels in October, following a price...

Chinese Premier Li Qiang has called on Saudi companies to increase their presence in China's market, emphasizing that China is...

Saudi Arabia's non-oil GDP is set to grow by up to 6% by the end of the decade, driven by...

Chinese Premier Li Qiang has committed to enhancing trade and investment ties with Saudi Arabia across various sectors, including traditional...

Aramco Digital, a tech-focused subsidiary of Aramco, has teamed up with Accenture to advance generative AI (gen AI) and boost...

Naver Corp., South Korea's top online platform, has agreed to collaborate with the Saudi Data & AI Authority (SDAIA) to...

Key figures in AI and technology gathered in Riyadh, Saudi Arabia, for the "Global AI Summit" (GAIN). Attendees included Esam...

Chinese Premier Li Qiang and Saudi Crown Prince Mohammed Bin Salman met in Riyadh to discuss enhancing cooperation in energy,...

In a rapidly evolving technological landscape, 23-year-old Mariam Al-Ahmar is emerging as a beacon of inspiration for Saudi Arabia's youth,...

Business leaders, academics, and government officials gathered in Riyadh, Saudi Arabia, for the Global AI Summit (GAIN) to discuss the...

Saudi Arabia continues to invest heavily in Neom, its ambitious desert megacity. The country's Vision 2030 projects have now surpassed...

Saudi Arabia is making strides in artificial intelligence through a new partnership between Aramco Digital and Groq, the second-largest AI...

Saudi Arabian Mills for Food Products Company has priced its IPO at SAR66 per share, raising SAR1.02 billion ($271 million)....

The Saudi Water Partnership Company (SWPC) plays a crucial role in Saudi Arabia’s water sector, striving to meet growing water...

Saudi Arabia is increasingly attracting both local and international investors, according to a top official from global asset management company...

Saudi Arabia's Ministry of Interior has launched the Smart Gates Project at NEOM Bay Airport, aiming to revolutionize the travel...

Saudi Arabia has launched an AI-focused event as part of its efforts to embrace artificial intelligence, attracting interest from Western...

The Digital Cooperation Organization (DCO) has launched its Generative AI (GenAI) Center of Excellence at the Global AI Summit in...

Saudi Arabia has invested $1.3 trillion in construction and infrastructure over the past eight years, aiming to diversify its economy...

Saudi Arabia plans to cut down its debt issuance in the latter half of 2024, buoyed by significant dividend payments...

Saudi Arabia and Germany are poised to enhance their economic cooperation in the finance sector following high-level discussions between officials...

Saudi Arabia is embarking on a $3.3 billion sports complex project through a partnership between Alpha Jossor Investments and the...

Chinese food delivery giant Meituan has launched its international service, Keeta, in Saudi Arabia, aiming to expand amidst a slowing...

At the Global AI Summit in Riyadh, Aramco announced several new initiatives aimed at advancing digital solutions within its operations....

Saudi Arabia has embarked on a $1.3 trillion initiative to diversify its economy through extensive real estate and infrastructure projects....

HONG KONG Saudi Arabia is emerging as a global leader in tourism, showcasing significant achievements in 2023. At the IHIF...

Saudi Arabia's Esports Ambitions Saudi Arabia is making significant strides in the esports industry. The country recently hosted its first...