Saudi Business News

Italian energy engineering firm Saipem announced it has secured a $2 billion offshore contract for the Marjan oil field in...

Saudi Arabia is pioneering digital technology for its citizens, residents, visitors, and businesses, according to Ahmed Alsuwaiyan, Governor of the...

Saudi Arabia’s central bank has reduced its benchmark interest rate from 6% to 5.5%, following a similar 50-basis-point cut by...

Saudi Arabia has reduced its benchmark interest rate from 6% to 5.5%, following a 50-basis-point cut by the central bank....

Aramco and SLB have partnered to develop and commercialize digital solutions aimed at reducing greenhouse gas (GHG) emissions in the...

Riyadh, Saudi Arabia— Jersey Finance, a prominent international financial center, sponsored Informa Connect's inaugural 'Cross-Border Planning: Middle East' conference in...

The US Federal Reserve has lowered interest rates for the first time in over four years, marking a significant policy...

Saudi Arabia’s Public Investment Fund (PIF) has launched the National Interactive Entertainment Company, QSAS, to create engaging storytelling experiences that...

Asharq Business with Bloomberg, a prominent source of business news in the Arab world, is expanding its programming due to...

CATRION Catering Holding Company has signed a Sharia-compliant credit facility deal with Saudi Awwal Bank (SAB) for SAR 221 million....

The Saudi Export Development Authority, through its "Made in Saudi Program," has entered into a strategic Memorandum of Understanding (MoU)...

The Saudi EXIM Bank recently hosted a meeting for the Global Association of Risk Professionals (GARP) to explore best practices...

The Agricultural Development Fund (ADF) has announced the allocation of over SAR2 billion in loans and credit facilities across Saudi...

Saudi Arabia is set to create 11,000 cultural jobs through the establishment of the National Interactive Entertainment Company (QSAS) by...

• The ‘Made in Saudi’ program partners with Nahdi Medical Company to promote Saudi products, enhance their market presence, and...

Saudi Arabia's central bank, SAMA, announced a reduction in its Repurchase Agreement (repo) rate by 50 basis points to 5.50%,...

RIYADH — The General Authority for Survey and Geospatial Information (GEOSA) and the Saudi Federation for Cybersecurity, Programming and Drones...

The Ministry of Communications and Information Technology, along with the National Information Technology Development Program (NTDP), has launched the "Tamkeen"...

Saudi Arabia's Real Estate Market Growth The residential sector in Saudi Arabia has seen significant growth, delivering 27,500 new units...

An Italian business association representing 7,000 companies plans to increase investments in Saudi Arabia and collaborate with local investors as...

Saudi Arabia's fashion market is set for significant growth, with the Saudi Fashion Commission's recent report predicting an increase from...

An Italian business association representing 7,000 companies plans to expand investments in Saudi Arabia and collaborate with local investors as...

Saudi Arabia is emerging as a top destination for luxury. British auction house Christie’s has secured a commercial license in...

Saudi Arabia is investing heavily to diversify its economy beyond oil, initiating USD 1.3 trillion in real estate and infrastructure...

RIYADH: Saudi Arabia's Minister of Commerce, Dr. Majed Al-Qasabi, announced that businesses need only one commercial registration to operate across...

eWTP Arabia Capital, known for its Asia-Saudi cross-border investments, has rebranded to 'ewpartners' as it celebrates seven years in Saudi...

EV Auto Show 2024: Saudi Arabia's Car Rental and B2B Sectors to Propel EV Adoption by 2026 At the EV...

An Italian business federation, representing 7,000 companies, has announced plans to boost Italian investments in Saudi Arabia, aligning with Vision...

HALO Space, a Spanish startup focused on taking tourists to the edge of space via a high-altitude balloon, is setting...

Saudi Arabia is set to make significant strides in its electric vehicle (EV) industry, according to experts at the EV...

Saudi Banking Sector Growth Driven by Diversification Efforts: Moody’s Saudi Arabia's push for economic diversification is accelerating the growth of...

Saudi Banking Sector Thrives Amid Economic Diversification: Moody’s Saudi Arabia's push for economic diversification is significantly boosting its banking sector,...

UK firms are set to expand in Saudi Arabia following a key ministerial meeting aimed at strengthening trade relations. The...

Saudi Arabian stocks saw an uptick on Wednesday, driven by gains in various sectors. The overall market index rose by...

Aramco Digital, a subsidiary of Saudi Arabia's state-owned Aramco, has partnered with Groq, an AI inference company, to establish a...

Saudi Arabia’s Tadawul All Share Index rose by 35.28 points (0.30%) to close at 11,920.94 on Wednesday. Trading turnover reached...

Saudi Arabia’s Public Investment Fund (PIF) has unveiled the National Interactive Entertainment Co., known as QSAS, to create immersive storytelling...

Saudi Arabia’s Public Investment Fund has introduced the National Interactive Entertainment Co., also known as QSAS, to develop immersive storytelling...

Saudi Arabia's electric vehicle (EV) sector needs charging stations every 100 km on highways to support its growth, according to...

Saudi Arabia Introduces Customs Exemption for Experimental Production Saudi Arabia has unveiled a new customs exemption aimed at boosting the...

HALO Space, a leading company in near-space tourism, is advancing its plans in Saudi Arabia by setting up final assembly...

Riyadh-based eWTP Arabia Capital has rebranded as ‘ewpartners’ to mark seven years of operations in Saudi Arabia. The firm, known...

Saudi Arabia is poised for a robust year in initial public offerings (IPOs), with over 50 expected and 35 already...

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

KIVERCO Secures Major Contracts in Saudi Arabia with UK Government Support KIVERCO, known for their waste-recycling equipment, has landed multi-million-pound...

Pluto, a leading UAE-based expense and account payables management platform, has announced a strategic partnership with Saudi fintech company neoleap....

Transport and Furniture Lead Spending Increases in Saudi Arabia Furniture and transport sectors in Saudi Arabia saw the highest weekly...

Saudi Arabia: Imagination, a globally recognized experience design firm, has appointed Abdullah Hamad AIOshaiwan as the new General Manager for...

Investors are keenly awaiting the US Federal Reserve’s decision on interest rates, expected after the Federal Open Market Committee meeting....

Aramco Digital, a branch of Aramco focusing on digital and technology advancements, has partnered with Accenture to drive generative AI...

The Saudi Arabia Battery Market is experiencing notable growth due to increased demand for energy storage solutions, driven by investments...

Saudi Arabia's ports experienced a notable 14.6% rise in container traffic in 2023, with both inbound and outbound movements increasing...

Saudi Arabia is set to enhance support for companies in Egypt's new and renewable energy sector. During a meeting in...

Yango Tech, a key player in e-commerce technology, has partnered with Al Sadhan and SPAR at the GAIN Summit in...

Saudi Arabia has introduced a customs exemption for industrial businesses to help diversify and strengthen its economy. The Ministry of...

Saudi Arabian Mining Company (Ma'aden), the region's largest metals and mining firm, has announced the acquisition of SABIC's 20.62% stake...

Riyadh's Ministry of Communications and Information Technology, alongside the National Technology Development Program, has introduced the Tamkeen Initiative. This program...

Riyadh: The National Debt Management Center has concluded the September 2024 issuance of the Saudi Arabian Government's SAR-denominated Sukuk Program....

Saudi Arabia has achieved significant recognition in the UN digital services index, ranking first in the region and fourth globally....

Saudi Arabia and the UK have achieved record trade levels surpassing $21.7 billion and aim to boost bilateral trade to...