Saudi Business News

Anticipated to advance at a compound annual growth rate (CAGR) of 7.5 percent from 2023 to 2028, Saudi Arabia's hospitality...

The Diriyah Company has established an agreement with the Royal Institution of Chartered Surveyors (RICS) to advance the training and...

In a landmark move, the Diriyah Gate Development Authority (DGDA) of Saudi Arabia has inked a partnership with the Royal...

In a pivotal move to bolster its payment infrastructure, Saudi Arabia's forthcoming national carrier, Riyadh Air, has forged a partnership...

LTIMindtree, a renowned entity in the technology consulting and digital solutions realm, has proudly announced the launch of its new...

LTIMindtree, a prominent global player in technology consulting and digital solutions, has proudly announced the launch of its new regional...

The UAE-based telecommunications giant e& has revealed its expansion plans within Saudi Arabia, which include the establishment of a new...

The PGA Tour has signaled forward movement in its discussions with the Saudi Arabian Public Investment Fund (PIF), although specifics...

The Saudi Arabia’s Public Investment Fund (PIF) is in the midst of negotiations with significant figures in the boxing industry...

LTIMindtree has recently intensified its operations in the Middle East by inaugurating a new regional headquarters in Riyadh, the capital...

The longstanding pact that established the U.S. dollar as the global currency for crude oil transactions, known as the petrodollar...

The HR tech sector in Saudi Arabia is undergoing rapid expansion, with projections indicating it will grow from a valuation...

The HR technology sector in Saudi Arabia is experiencing robust growth, propelled by the push for modernization and the aim...

Investment Spotlight on Saudi Aramco’s Latest Share OfferingSaudi Arabia has made a striking move in the global investment scene by...

Under the leadership of Prince Fahd bin Mansour bin Nasser bin Abdulaziz, Saudi Arabia’s representatives are set to make a...

Barcelona is reportedly negotiating with Saudi Arabia regarding a potential football partnership. The Spanish club's financial distress is no secret,...

In a stunning display of creativity and collaboration, the ROSHN Waterfront has introduced a visually striking mural, spanning its entire...

Welcome to the Business Beat of the Middle East! Today's highlights include Saudi Arabia's latest share offering, AI industry leaders...

A visit by Canadian diplomats to the Jazan region's commerce hub underscored the potential for economic collaboration and investment. The...

The Saudi finance and real estate refinance sectors have demonstrated robust growth in 2023, according to a comprehensive performance analysis...

Separated by vast distances, the arid landscape of Saudi Arabia and the verdant expanses of Brazil are drawing closer on...

Riyadh Witnesses a Rise in Expatriate Remittances by 14 Percent In April, expatriate remittances in Saudi Arabia experienced a notable...

Financial commentator Andrei Jikh discusses the impending transformation of the international economy with the upcoming dissolution of the longstanding petrodollar...

CellPoint Digital has been at the forefront of Payment Orchestration and has been instrumental in providing payment solutions for the...

In the midst of strategic advancements and upcoming global events such as Expo 2030, Saudi Arabia boasts an impressive $1.5...

Throughout the current year, GCC nations have collectively issued approximately $45 billion in bonds and sukuk. This impressive figure indicates...

Patria Investments Ltd., a prominent player in the alternative asset management space within Latin America, is actively pursuing the expansion...

In a move to bolster female entrepreneurship within the Middle East, the UN Tourism body has beckoned Saudi women entrepreneurs...

The financial landscape in Saudi Arabia has experienced significant growth, with finance companies reporting a 13 percent increase in total...

Riyadh — In a recent overview released by the Saudi Central Bank (SAMA), the finance and real estate refinance companies...

Currently, there's a heightened interest in Europe to accelerate discussions with the Gulf Cooperation Council (GCC) concerning a free trade...

Stake, a frontrunner in the digital real estate investment sphere, has recently secured a substantial $14 million in a funding...

ROSHN Group, a prominent real estate developer, has established collaborative agreements with four leading financial institutions in Saudi Arabia—Arab National...

Saudi Arabian markets ended on a lower note on Monday, with downturns in key sectors contributing to a slight decline...

The travel and tourism industry in Saudi Arabia has seen a remarkable expansion, growing by over 32 percent in 2023,...

A landmark agreement has been forged between MSA Novo, a venture capital firm with a focus on emerging markets, and...

The Kingdom of Saudi Arabia's mining sector has garnered international recognition for its investment-friendly climate, as indicated in a recent...

Hoffmann Green Cement Technologies, a pioneering French company, announced the commencement of construction for its very first Hoffmann cement facility...

Following the announcement of a secondary share offering poised to garner upwards of $11.2 billion, the value of Saudi Aramco's...

The hegemony of the US dollar is seemingly waning as key global oil traders, including Russia and Saudi Arabia, are...

Market Momentum Surges in Saudi ArabiaThe stock market in Saudi Arabia experienced a sharp increase, marking a 2.6% rise –...

Business leaders have been cautioned by a seasoned AI consultant from Saudi Arabia that any delays in embracing artificial intelligence...

The Gulf Cooperation Council (GCC) region is poised for an economic resurgence, with forecasts indicating a growth of 2.8 percent...

The Saudi Ports Authority, known as Mawani, experienced a notable 8.09% increase in the tonnage handled during May 2024, with...

The economic landscape of Saudi Arabia experienced a contraction in the first quarter as the real gross domestic product (GDP)...

The prominent oil company Saudi Arabian Oil Co, known as Saudi Aramco, has recently reported that a substantial portion of...

MSA Nova has forged a strategic memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST) aimed...

Saudi Arabia is poised for a major expansion in entertainment amenities, as the Ministry of Investment has partnered with Nowaar...

The oil behemoth Saudi Aramco has made an announcement that its recent share sale was primarily purchased by international investors,...

According to a release of preliminary data by the Saudi government, the nation's real gross domestic product (GDP) saw a...

In a recent announcement, it was disclosed that Saudi Arabian Oil Company, commonly known as Saudi Aramco, has completed the...

International investors have played a significant role in Saudi Aramco's recent secondary share offering, which is poised to infuse $11.2...

Saudi Arabia Takes the Helm in Worldwide Construction Endeavors - With a staggering $1.5 trillion worth of projects yet to...

The PGA Tour has conveyed positive strides in negotiations, although specific details remain under wraps, following a direct engagement with...

In a recent development from Riyadh, the prominent oil company Saudi Aramco has announced the successful sale of shares, with...

The latest figures from the General Authority for Statistics (GASTAT) indicate a complex yet promising economic situation in Saudi Arabia...

The Kingdom of Saudi Arabia's real gross domestic product (GDP) witnessed an uplift of 1.4 percent in the opening quarter...

Following a secondary share offering anticipated to amass roughly $11.2 billion, shares of Saudi Aramco experienced a 1.06 percent increase...

In April, the Kingdom of Saudi Arabia witnessed a modest upswing in consumer expenditure through point of sale (POS) transactions,...

The Saudi Ministry of Tourism has made a notable appearance at the 46th Annual NYU International Hospitality Investment Conference, where...