Saudi Business News

Saudi Arabia is making substantial investments in sports, including a bid to host the 2034 FIFA World Cup. These efforts...

EY Expands in Saudi Arabia's Financial Services Market In an effort to seize new opportunities and grow its presence in...

Netherlands-based high-tech consultancy TMC has opened a new office in Saudi Arabia, marking its second location in the GCC region....

Saudi Arabia's economy shrank by 0.3% in 2023 compared to the previous year, primarily due to an 8.9% year-on-year decline...

Saudi Arabia is aiming to enhance its collaboration with Asia in research, development, and innovation, particularly looking to China for...

Saudi Arabia's Rising Influence in Global Financial Markets Saudi Arabia is positioning itself as a key player in global fixed...

Progress in Saudi Arabia's AMAALA Luxury Tourism Destination Saudi Arabia's Red Sea Global (RSG) is making significant strides in developing...

The Tadawul All Share Index in Saudi Arabia fell by 117.19 points, or 0.97%, closing at 11,982.30 on Sunday. Trading...

Saudi Arabia's non-oil sector grew by 4.9% year-on-year in Q2 2024, driven by significant gains in the financial and insurance...

Saudi Arabia’s Mobily has signed a six-year contract with Red Bull MOBILE, aiming to boost its operational efficiency. This deal,...

Saudi developer Red Sea Global (RSG) has awarded over 600 contracts worth $6.13 billion for the AMAALA project, aiming to...

Riyadh: Tawaref, a Saudi-based investment community that supports startups in the MENA region, has signed a Memorandum of Understanding (MoU)...

PayerMax, a prominent global payment solutions provider, has been awarded the Payment Technical Service Provider (PTSP) certification by Saudi Payments,...

Saudi Arabia's Minister of Investment, Khalid al-Falih, addressed skepticism about the country's economic diversification plan at the Ambrosetti Forum in...

Tokyo-based Medident has partnered with Riyadh's Web Arabia to enhance Saudi Arabia’s healthcare sector by integrating Japanese standards. This collaboration,...

Lucidia, an AI customer experience management platform in Riyadh, has made headlines by becoming the first company in Saudi Arabia...

Saudi Arabia is set to eliminate fees for customs services related to exports and reduce import service fees to 0.15%...

Significant Progress in the Development of Saudi AMAALA Luxury Tourism Destination Saudi Arabia’s Red Sea Global (RSG) is making substantial...

Samer Al-Kharashi, Director of the UNWTO Regional Office for the Middle East, emphasized Saudi Arabia’s pivotal role in advancing regional...

Technology Driving Saudi Arabia's Financial Sector At the 24 Fintech event in Riyadh, Steven Chou, Chairman of Sahm Capital and...

Saudi Arabia's non-oil sector expanded by 4.9% in the second quarter of 2024, spurred by growth in financial and insurance...

Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) has introduced new customs regulations, including fee waivers for certain services and...

Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, commenced his visit to Hong Kong, aiming to bolster industrial ties...

Saudi Arabia’s Real Estate General Authority (REGA) will host the first Global PropTech Summit in Riyadh this October. Under the...

Experts emphasize that improving education quality in the Gulf is essential for realizing the region's economic potential. Reports from the...

Saudi Arabia's startup ecosystem is thriving, with companies across various sectors securing substantial funding. Autotech Firm Syarah Syarah, a Saudi...

Saudi Arabia Sees Investment Boom in Construction; Egypt Leads in Licenses Saudi Arabia's construction permits dominated investment licenses in Q2...

The Ministry of Investment and the General Authority for Military Industries in Saudi Arabia have signed an agreement with Italian...

Saudi Arabia's new luxury airline, Riyadh Air, is intensifying competition for aviation talent by attracting British pilots. The British Airline...

Speculation about Saudi Arabian investment in AC Milan has intensified, with new developments emerging. Gerry Cardinale and RedBird have been...

Young Saudis like Abdullah Hakeem are pivotal in Saudi Arabia’s tech sector growth. Graduating from King Fahd University of Petroleum...

Saudi Arabia has issued a warning to taxpayers to submit necessary paperwork by Tuesday or face penalties. The Zakat, Tax,...

The International Monetary Fund (IMF) has published a favorable report on Saudi Arabia after concluding Article IV consultations. The report...

Saudi Arabia is forging strategic alliances in Europe to bolster its ambitions of becoming a leading green hydrogen supplier. Investment...

Saudi Arabia Lowers Oil Prices Amid Demand Concerns Saudi Aramco has reduced the price of its Arab Light crude for...

Barq, a leading FinTech company from Saudi Arabia, has partnered with Mastercard. Barq specializes in modernizing and streamlining payment processes....

Saudi Arabia is set to observe a four-day holiday for some workers and students in celebration of the 94th National...

Indian electric vehicle manufacturer Wardwizard Innovations and Mobility has announced plans to form a joint venture in Saudi Arabia. This...

Indian electric vehicle manufacturer Wardwizard Innovations and Mobility has announced plans to form a joint venture in Saudi Arabia. The...

Wardwizard Innovations & Mobility announced plans to form a joint venture in Saudi Arabia to establish two electric vehicle assembly...

The Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has invited Chinese companies to invest in Saudi Arabia's...

OPEC Plus Extends Oil Production Cuts OPEC Plus, led by Saudi Arabia, has decided to extend its current oil production...

Saudi Arabia has eliminated hospitality license fees to boost tourism and attract investments, effective September 4. As part of its...

The International Monetary Fund (IMF) has projected that Saudi Arabia's current account balance might weaken due to falling oil prices...

Saudi Arabia has announced the cancellation of fees for commercial activity licenses for hotels, hotel apartments, and residential resorts. This...

Hakbah, a leading Saudi fintech savings platform, has partnered with national insurance company Tawuniya to fill a critical gap in...

Saudi Arabia, the world's largest crude oil exporter, benefits from remarkably low production costs, around $10 per barrel. This is...

Saudi Arabia is undergoing significant economic transformation aimed at reducing its dependence on oil. The government is enacting comprehensive reforms...

The International Monetary Fund (IMF) recently issued a favorable report on Saudi Arabia, following the Article IV consultations. The report...

IMF Acknowledges Saudi Arabia’s Economic Progress and Vision 2030 Achievements The International Monetary Fund (IMF) has concluded its 2024 review...

The International Monetary Fund (IMF) recently released a positive report on Saudi Arabia after concluding Article IV consultations. The report...

Saudi Arabia has launched digital identity verification services to streamline financial transactions and enhance security within the Kingdom. The Ministry...

Huawei Cloud is leading technological advancements with innovative solutions tailored for Saudi Arabia and the Middle East. At the Huawei...

The International Monetary Fund (IMF) recently concluded its 2023 Article IV consultations with Saudi Arabia, highlighting significant progress in the...

The Saudi Minister of Communications and Information Technology, Eng. Abdullah Al-Swaha, held a meeting with Dilip Singh, the US Deputy...

The International Monetary Fund (IMF) has commended Saudi Arabia for its significant progress in structural reforms, urging the kingdom to...

Saudi Arabia's public cloud services market is projected to grow at a 23.4% CAGR, reaching $3.9 billion by 2027, according...

Saudi Arabia's technology sector could see a significant boost in operating profits, potentially reaching SR15 billion ($4 billion) by 2028,...

Nintex, a leader in process intelligence and automation, has inaugurated a new office in Riyadh, marking a significant investment in...

News Saudi Arabian autotech company Syarah has secured $60 million in a Series C funding round. The round was led...