Saudi Business News

Saudi Arabia's annual inflation rate held steady at 1.6% in August, as reported by the General Authority for Statistics (GASTAT)....

Azfar Shakeel, CEO of Lumi Car Rental, emphasized the company's commitment to transforming mobility for individuals and businesses in Saudi...

The Saudi Arabian Mining Company, Ma’aden, has announced a significant acquisition deal involving Alcoa’s stakes in a bauxite facility and...

The embedded finance sector in Saudi Arabia is witnessing rapid growth, propelled by technological innovations, strategic alliances, and a supportive...

Standard & Poor’s (S&P) has reaffirmed Saudi Arabia’s credit rating at "A/A-1" for both local and foreign currency, improving the...

Groq Partners with Aramco for AI Data Center in Saudi Arabia AI startup Groq Inc. is collaborating with oil giant...

Saudi Arabia’s Fourth Milling Company (MC4) has initiated investor orders for its IPO, aiming to raise up to $228.9 million....

Saudi Arabia is undergoing a significant transformation with its ambitious Vision 2030 plan, aimed at diversifying the economy and fostering...

Cityscape Global, a major real estate event, is set to unveil new features and halls this year. The event, which...

Artificial intelligence startup Groq Inc. has teamed up with oil giant Aramco to establish a massive data center in Saudi...

Saudi Arabia's Vision 2030 is revitalizing its financial sector, marked by a surge in IPOs, mergers, and acquisitions. This transformation...

The Saudi Fund for Development (SFD) has signed its first development loan agreement with the Commonwealth of Dominica, signaling a...

Saudi Arabia's retail landscape is rapidly evolving, driven by a young, urban, and tech-savvy population. With high internet and smartphone...

The General Authority for Statistics (GASTAT) has released the Consumer Price Index (CPI) for August 2024. This index reveals that...

Saudi Arabia is strategically expanding its pool of skilled professionals to fuel growth in its private markets sector, a key...

Saudi Arabia is set to dominate the Middle East ECM market through the end of the year, significantly contributing to...

Aramco Digital Company and Groq have announced a partnership to create the world's largest AI inferencing data center in Saudi...

The Middle East is undergoing a digital transformation, with cloud computing playing a pivotal role. Governments are leveraging cloud technology...

Saudi Arabia and Hong Kong Strengthen ETF Ties Saudi Arabia's first ETFs focused on Hong Kong's equities market are set...

Prime Minister Mostafa Madbouli met with key Saudi investors in Riyadh, a gathering organized by the Federation of Saudi Chambers...

Siemens Mobility has appointed Frank Hagemeier as the new CEO for Saudi Arabia. Hagemeier, who previously led Siemens Mobility in...

The Saudi General Authority for Statistics reported that the annual inflation rate in the kingdom reached 1.6% in August. This...

The Tadawul All Share Index in Saudi Arabia rose by 57.75 points (0.49%) to 11,900.30 on Sunday, with a trading...

Saudi Arabia's Vision 2030: Environmental Sustainability and Economic Diversification Through Mining Countries are moving away from oil dependency due to...

Tuwaiq Academy in Riyadh, in collaboration with Meta, has introduced the first diploma in data science and artificial intelligence. This...

The Saudi Fund for Development has signed a $41 million loan agreement with Dominica to finance the Infrastructure Rehabilitation Project...

Fils, a leader in ESG-focused fintech, has partnered with Saudi-based Madkhol, a platform specializing in Robo-advisory investment services. This collaboration,...

S&P Global Ratings has upgraded its outlook for Saudi Arabia from stable to positive, highlighting the country's robust non-oil growth...

The Saudi Fund for Development (SFD) has signed its first development loan agreement with the Commonwealth of Dominica, marking a...

Saudi Arabia’s Capital Market Authority (CMA) has announced a strategic plan for 2024-2026 aimed at strengthening its debt market and...

Saudi Arabia’s Capital Market Authority (CMA) has rolled out a strategic plan for 2024-2026 to strengthen its debt market and...

S&P Global Ratings has upgraded Saudi Arabia's outlook from stable to positive, highlighting the potential for future ratings increases. This...

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,...

Analysis of Renewable Energy Investment in Saudi Arabia This study presents a novel approach to evaluating renewable energy investments in...

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...