Saudi Business News

Saudi Arabia has announced nine major investment agreements in the metals and mining sector, totaling over 35 billion riyals ($9.32...

Saudi Arabia has secured nine investment deals in the metals and mining sector, totaling over 35 billion riyals ($9.32 billion),...

Saudi Arabia has announced the signing of nine significant investment agreements with foreign companies, including India's Vedanta and China's Zijin...

The home entertainment market in Saudi Arabia is growing rapidly, driven by products like TVs, audio systems, gaming consoles, and...

In the vast deserts of northwest Saudi Arabia, construction on "The Line" is underway. This ambitious urban project, part of...

China Telecom has officially launched its Gulf branch in Riyadh, marking a significant step in its international expansion and alignment...

China Telecom Gulf has officially commenced operations in Riyadh, marking a significant step in China Telecom's international expansion. This launch...

China Telecom has expanded its international presence by launching China Telecom Gulf in Riyadh. This development aligns with the "Belt...

Moody's has upgraded Saudi Arabia's credit rating from "A1" to "Aa3", highlighting the nation's efforts to diversify its economy beyond...

Sulaiman Abbar stands out not only as a business leader but also as a professional boxer, illustrating a unique blend...

Saudi Arabia's economy is projected to expand by 1.7% this year, with growth accelerating to 4.7% in 2025 and 2026,...

Princess Haifa Encourages Saudi Youth at Misk Forum Saudi Arabia is fostering an environment for youth empowerment through its Vision...

Saudi Arabia's NEOM project, a key part of the Vision 2030 plan, has been significantly scaled back due to high...

Saudi Arabia's Public Investment Fund (PIF) has divested its entire stake in concert promoter Live Nation, as revealed by a...

The Saudi Arabian 5G technology market is expanding rapidly, driven by the Vision 2030 initiative which prioritizes digital infrastructure and...

Saudi Arabia's Strategic Vision Saudi Arabia's Vision 2030 is a transformative plan aiming to position the nation as a global...

Saudi Arabia's Vision 2030 is an ambitious plan to transform the nation into a global investment hub, targeting $3.3 trillion...

Saudi Arabia has launched a new international water research center through a collaboration between the Ministry of Environment, Water and...

General Catalyst, a prominent venture capital firm from Silicon Valley, has ventured into Saudi Arabia by investing in Lean Technologies,...

Saudi Arabia has significantly invested in global tech, and now seeks foreign tech companies to invest within its borders, focusing...

Saudi Arabia has been heavily investing in the global tech sector, but now it seeks to attract foreign tech companies...

Saudi Arabia is embarking on an ambitious project called "Project Transcendence," aiming to transform the nation into a leading hub...

Introduction Achieving a stable economy amidst uncertainty is a critical issue. Effective monitoring of uncertainty factors, especially crude oil price...

China is set to issue US dollar sovereign bonds in Saudi Arabia for the first time in three years, marking...

China and Saudi Arabia Strengthen Financial Bonds China has selected Saudi Arabia for its upcoming US dollar bond issuance, marking...

What's happening? Saudi Arabia is experiencing significant growth in its non-oil sector, signaling a move away from its traditional oil...

Hong Kong is looking to strengthen financial ties with Saudi Arabia following a successful visit by its Financial Secretary, Paul...

Saudi Arabia's finance minister has highlighted national debt as a looming threat to global markets, particularly affecting low-income countries and...

Saudi Arabia is intensifying efforts to transform its economy and reduce reliance on oil, as highlighted by Finance Minister Mohammed...

The inaugural in-person WIPO – Saudi Arabia Summer School recently took place in Thuwal, Saudi Arabia, bringing together 40 senior...

Boeing's Major Stock Sale: Boeing has executed one of the largest stock sales ever, raising $21.1 billion to strengthen its...

Riyadh, Saudi Arabia - A $240 million Islamic Equity Bridge Loan has been announced by IFC to support ACWA Power...

Saudi Arabia's sovereign wealth fund plans to shift its investment focus, reducing foreign holdings and increasing local investments. This was...

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is shifting its focus back to the domestic economy after...

Saudi Arabia's Path to Sustainability and Economic Diversification Saudi Arabia is making strides in economic diversification and sustainability, aiming for...

AI: A Catalyst for Saudi Arabia's Economic Transformation Saudi Arabia is undergoing an economic transformation, leveraging artificial intelligence (AI) as...

Mastercard has launched its Mastercard Gateway in Saudi Arabia, supported by The Saudi Central Bank. This infrastructure aims to enhance...

Mastercard is enhancing Saudi Arabia's digital payments infrastructure to bolster secure ecommerce transactions. Mastercard has unveiled a cutting-edge technology infrastructure...

Saudi Crown Prince Mohammed bin Salman has been invited by Russia to the BRICS summit in Kazan, scheduled for October...

Sir Edward Byrne, newly appointed to lead King Abdullah University of Science and Technology (KAUST) in Saudi Arabia, has indicated...

The Saudi Arabian RegTech industry is undergoing a significant transformation, driven by advancements in technology and regulatory demands. This report...

The Saudi Company for Artificial Intelligence (SCAI) has entered into a collaboration with Elm, focusing on boosting the AI capabilities...

Saudi Arabia has initiated a $100 million film fund to attract global film studios, enhancing its burgeoning local film industry....

Saudi Arabia is leveraging its technology to achieve both national objectives and global interests, as highlighted by a senior minister....

Saudi Arabia has revised its economic forecasts, anticipating slower growth and larger budget deficits from 2024 to 2026 due to...

Saudi Arabia anticipates a fiscal deficit of nearly 3% of GDP in 2024 as it ramps up spending to stimulate...

Saudi Arabia Adjusts Oil Strategy Amid Market Shifts Saudi Arabia is poised to increase oil production, moving away from its...

Saudi Arabia is set to shift its focus from maintaining a $100 per barrel oil price, aiming instead to increase...

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

The Saudi Arabian banking industry is experiencing significant change, spurred by Vision 2030 and the advancement of digital technology. Financial...

The recent collaboration between Vogue Business and the Saudi Fashion Commission during London Fashion Week highlighted the burgeoning fashion and...

In 2021, Saudi Arabia introduced a crucial component to its Vision 2030: the National Investment Strategy (NIS), outlining necessary investments...

The Saudi Arabian manufacturing sector is on a promising path, leveraging artificial intelligence (AI) to drive technological advancements. With a...

Neo Space Group (NSG), supported by Saudi Arabia’s sovereign wealth fund, aims to lease multi-orbit satellite capacity to strengthen its...

Saudi Arabia's maritime sector is undergoing a significant transformation, positioning the country to play a crucial role in global trade....

Saudi Gazette Report RIYADH — Investments in Saudi Arabia's industrial sector surged by 54%, reaching SR 1.5 trillion this year...

The Saudi Fashion Commission has released its 2024 State of Fashion Report, highlighting the significant growth in the Kingdom's fashion...

The Saudi Central Bank (SAMA) has lowered its key interest rates by 50 basis points. The repurchase agreement (repo) rate...

Italy's exports to Saudi Arabia prominently feature fashion, food, and furniture. Italian companies see promising opportunities in sectors like wood,...

Saudi Arabia's move to waive fees for expatriate workers in the industrial sector has driven a significant 14.7% rise in...