Saudi Business News

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...

Saudi Arabia's Strategic Increase in US Treasury Holdings Saudi Arabia has boosted its US Treasury bills and bonds holdings by...

The Saudi Fashion Commission has unveiled its annual report, the State of Fashion Sector in Saudi Arabia 2024, providing key...

Saudi Arabia is making significant strides in the electric vehicle (EV) sector for commercial transportation, advancing at a remarkable pace...

Saudi Arabia's crude oil exports dipped in July as domestic power generation needs increased. Despite boosting production, the Kingdom adhered...

The Saudi Tadawul All Share Index climbed by 1.34%, closing at 12,080.47, with a trading turnover of SR9.47 billion ($2.52...

Saudi Arabia's oil production saw a rebound in July, though it remained limited by the ongoing OPEC+ production agreement. Quantum...

Golf Saudi has partnered with Topgolf Callaway Brands to introduce golf entertainment venues and innovative products in Saudi Arabia. This...

Regional inflation increased in August, with Israel's rate rising to 3.6% from 3.2% due to higher food and transport costs....

Saudi Agricultural Fund Enhances Food Sector with $533 Million Support Saudi Arabia’s Agricultural Development Fund has committed SR2 billion ($533.33...

Saudi Gazette Report RIYADH — The Saudi Central Bank (SAMA) has cut the repurchase agreement (repo) rate by 50 basis...

Senior officials from Saudi Arabia and Italy recently discussed potential collaborations in industrial innovation and advanced manufacturing technologies. The meeting,...

Saudi Arabia's crude oil production rose to 8.94 million barrels per day (bpd) in July, marking a 1.26% increase from...

Saudi Arabia has introduced new laws for commercial registration and trade names to streamline business operations and improve the business...

Saudi Arabia: Global experience design company Imagination has appointed Abdullah Hamad AIOshaiwan as the new General Manager for Saudi Arabia....

Saudi Arabia has introduced a new initiative to boost its industrial sector by waiving customs duties on raw materials used...

Saudi Arabia’s Public Investment Fund (PIF) has introduced QSAS, a new company dedicated to creating immersive storytelling experiences rooted in...

Saudi ports saw a significant increase in container traffic in 2023, with a 14.6% rise compared to the previous year,...

Saudi Arabian investment firm Mawarid Holding has invested in Sceye, a U.S. manufacturer of high-altitude platform systems (HAPS) used for...

Saudi Arabia's Crown Prince Mohammed bin Salman provided an update on the Vision 2030 initiative, emphasizing progress in tourism and...

Saudi Arabia is undergoing a significant transformation with Vision 2030, aiming to diversify its economy and reduce reliance on oil...

Riyadh-based eWTP Arabia Capital, supported by the Saudi Public Investment Fund (PIF), has rebranded as ewpartners. Launched in 2017, eWTP...

Saudi Arabia's crude oil exports dropped to their lowest in nearly a year in July, according to the Joint Organizations...