Urban development projects such as Cube and NEOM are aimed at improving the quality of life and creating a stimulating environment for foreign investments in the Kingdom.

Dubai, UAE - Saudi Arabia and Iran are taking more steps to consolidate their ties following the rapprochement between them brokered by China. The Iranian government on Sunday proposed to Saudi Arabia three locations for a foreign minister’s  level meeting.  Addressing a news conference in Tehran,  Iranian Foreign Minister Hossein...

Riyadh, Saudi Arabia--Saudi Arabia and Turkey have signed three agreements in the industrial sector during the Turkish Export Products Trade Fair in Riyadh. Saudi Minister of Commerce, who is also Chairman of the Board of Directors of the General Authority for Foreign Trade, Dr. Majid bin Abdullah Al-Qasabi, met here...

Iranian President Ebrahim Raisi has "welcomed" an invitation from Saudi Arabia's King Salman to visit the kingdom following the reconciliation between the two countries, an Iranian official said. "In a letter to President Raisi... the King of Saudi Arabia welcomed the deal between the two countries (and) invited him to...

Riyadh, Saudi Arabia -- The global credit rating agency S&P Global Ratings updated its credit report for Saudi Arabia, raising its long and short-term foreign and local currency sovereign credit ratings to 'A/A-1' with a stable outlook, the Saudi Press Agency (SPA) reported Friday. Moody's, a rival ratings agency, also stated that Saudi Arabia's plans will support it despite fluctuating oil prices and a global shift to renewable energy. Moody's also has changed the kingdom's...

The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform agenda, including more than tripling annual traffic to 330 million passengers by the end of the decade. It also wants to move up to five million tons of cargo each...

Riyadh cut ties with Tehran after Iranian protesters attacked Saudi diplomatic missions in the Islamic republic in 2016 following the Saudi execution of Shiite cleric Nimr al-Nimr. The two countries also agreed to activate the security cooperation agreement signed in 2001.

Riyadh, Saudi Arabia -- A meeting was held in Riyadh Thursday to prepare for holding the third round of free trade agreement negotiations between the Gulf Cooperation Council (GCC) for Arab States and the United Kingdom from March 12–16 at the GCC General Secretariat in Riyadh. Fareed bin Saeed Al-Asaly,...

Pact is likely to help enhance Kingdom's non-oil exports.

RIYADH, SAUDI ARABIA - Saudi  Justice Minister Dr. Walid Al-Samaani inaugurated the International Conference on Justice here on Sunday. Several ministers, thought leaders and legal experts from around the world were present at the event. Over 4,000 persons and 50 international speakers took part in the justice conference.   Al-Samaani,...

During the meeting, the two discussed strengthening the process of joint GCC action and reviewed GCC issues of common concern.

DUBAI, UAE -  PwC Middle East and Microsoft have strengthened their global partnership at LEAP event in Riyadh, to support government and private entities in their digital transformation and cloud migration journey in Saudi Arabia. The collaboration will focus on cloud transformation, business process automation and technology consulting, addressing the...

Launched by Saudi Crown Prince Mohammad bin Salman, the New Murabba project will offer more than 25 million sqm of floor area, featuring more than 104,000 residential units, 9,000 hotel rooms, and more than 980,000 sqm of retail space, as well as 1.4 million sqm of office space, 620,000 sqm...

The DXB achieved the highest growth rate among the top 10 airports in the number of international passengers worldwide, according to OAG Aviation company.

The meeting was co-chaired by Sheikh Ahmed bin Hashel Al-Maskari, Head of the Omani Foreign Ministry's GCC Department.

“If you leave people off the field, you have a blind spot – as a country, as a business, in any project you a building. It is a competitive advantage to be inclusive in the boardroom when key decisions are made because if you are not, you are only hurting...

As the number of companies operating in the industry expected to exceed 2,500, the sector is likely to create 450,000 job opportunities in the Kingdom.

Riyadh, Saudi Arabia–- Investments, launches and announcements valued at more than $9 billion were made at the 2nd edition of the International Technology Conference, LEAP23, which concluded Thursday. A record 300,000 people from more than 100 countries visited the event, making it the largest global gathering for technology and digitization...

Riyadh, Saudi Arabia--Investment and funding programs worth $580 million were announced on the third day of LEAP 23 Tech Conference, which has been organized by the Ministry of Communications and Information Technology (MCIT), in cooperation with the Saudi Federation for Cyber Security and Programming and Tahaluf. The tech global event...

Earlier in the last week of January, Bahrain's crown prince and Qatar's emir spoke by telephone. in a sign that the two Gulf countries are making effort to improve ties.

Riyadh, Saudi Arabia---Saudi Arabia's Ministry of Industry and Mineral Resources said Sunday that the number of mining complexes in the kingdom at the end of 2022 reached a total of 377 complexes, covering a total area of 44,365 square kilometers. The complexes were distributed over 13 regions, topped by the...

Over the next decade, the Kingdom's tourism industry is projected to develop at an annual rate of 11 percent, making it the region's fastest-growing tourism market.

The MoU encourages cooperation between the two countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart grids.

Baghdad is currently heavily dependent on neighboring Iran for its electricity and gas and has sought to diversify its energy sources.

The pacts were signed on the sidelines of the Saudi-Omani Investment Forum which is held in Riyadh under the theme of "Partnership and Integration".

The features of the new Standard include standardization of the accounting measurement models for insurance and reinsurance companies around the world.

Saudi Arabia plans to invest more than US$266 billion to produce cleaner electricity and expand its power grid, the kingdom's energy minister said. Speaking at a forum organized by Saudi oil giant Aramco, Prince Abdulaziz bin Salman said the world's biggest crude exporter was also looking to become a global...

RIYADH, SAUDI ARABIA - The Gulf Cooperation Council (GCC) Standardization Organization (GSO) has announced its training plan for 2023 in the field of standards and metrology through the GCC Standardization Training Center affiliated with GSO. The GSO President, Saud bin Nasser Al-Khusaibi, said in a statement Sunday that the 2023...

Riyadh, Saudi Arabia--The Saudi Ministry of Investment has signed two memorandums of understanding with Boehringer Ingelheim Company and Saudi Novo Nordisk Trading Company and King Abdullah University of Science and Technology at Riyadh Global Medical Biotechnology Summit 2023, the Saudi Press Agency reported Friday. The MoUs were signed in the...

The Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail, who inaugurated the second edition of the Forum, said the event coincides with the coming into force of the real estate brokerage system, which enables the development and governance of the real estate sector and the digitization...

RIYADH, SAUDI ARABIA - Saudi Arabia's Communications, Space & Technology Commission (CST) has announced the formation of a Space Entrepreneurship Alliance to achieve growth and sustainability in the sector and develop a solid foundation to support entrepreneurs in the Kingdom's space industry. The alliance was announced during the Commission's participation...

Hundreds of millions of euros worth of footballers were on view for the exhibition game in the Saudi capital, which comes just weeks after neighbouring Qatar spent lavishly on the first World Cup on Arab soil, won by Messi's Argentina. Among the packed crowd at the 69,000-seat King Fahd Stadium...

More than 50% of the countries with voting rights have pledged public support for the Saudi city’s bid, Fahd Al-Rasheed, the CEO of the Royal Commission of Riyadh City, tells TRENDS.

There is a need to find a route to ending the Russia-Ukraine conflict, otherwise global uncertainty would continue. "This is complex question, but we will have to talk about how we find a pathway to ending the conflict," adds Prince Faisal bin Farhan Al Saud in Davos.

A real estate businessman from Saudi Arabia has won a ticket to see Cristiano Ronaldo and Lionel Messi face off in a friendly after bidding $2.6 million at an auction. The game in Riyadh will pit Messi's Paris Saint-Germain against players from Ronaldo's new club Al Nassr and their Saudi...

The Camel Club will be participating in all events organized by the ICO in the kingdom as a local and international strategic partner.

The signing ceremony also witnessed the handing over of the two exploration licenses for Khnaiguiyah and Umm Al-Damar sites to the companies that won their licenses.

RIYADH, SAUDI ARABIA - The General Authority for Statistics (GASTAT) published Tuesday on its official website the results of the Industrial Production Index (IPI). In November 2022, the Industrial Production Index (IPI) increased by 8.6 percent compared to November 2021. The IPI continued to show positive growth rates due to...

In December last year, the kingdom had extended the term of a $3 billion deposit to boost Pakistan's foreign currency reserves.

The year-end statistics for 2022 highlight a 3.2 percent surge in container volumes at 10.355 billion TEUs compared to 10.035 billion TEUs a year earlier.

Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data.

RIYADH, SAUDI ARABIA - Saudi Arabia's first female international referee was appointed by FIFA on Thursday, less than a year after the conservative kingdom's national women's team made their debut. Anoud Al-Asmari's international badge is the latest in a series of steps in football by the Saudis, who have got 37-year-old...

The Saudi Notarization Law has transferred a number of such jurisdictions from courts to the notarial e-system.

The airline launched 16 new destinations and 30 new routes.

Ronaldo, who left Manchester United under a cloud after slamming the club in a TV interview, will appear at Al Nassr's 25,000-capacity Mrsool Park stadium in Riyadh at 7:00 pm (1600 GMT) on Tuesday, officials said. Ronaldo's signing until June 2025 is just the latest foray into top-level sports by...

RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization (UNESCO) has praised the achievements of Saudi Arabia in e-education governance. In its publication "Guide to measuring information and communication technologies (ICT) in education",  UNESCO said that Saudi Arabia's National E-Learning Center is an example to be followed...

An unprecedented rush at the Al Nassr kit store started as soon as reports of the deal were leaked to the local press on Friday night -- hours before the official announcement.

RIYADH, SAUDI ARABIA -  Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor Company for building an assembly plant in the country. The MoU was signed in the presence of  Minister of Industry and Mineral Resources Bandar Al-Khorayef, Minister of Economy and Planning...

Riyadh, Saudi Arabia - As many as 15 memorandums of understanding were signed between Saudi Arabia and Japan in several fields at the Saudi-Japanese Investment Forum on Tuesday. Organized by the Saudi Ministry of Investment, the Forum discussed investment opportunities and ways to strengthen the investment partnership between the two...

High growth rates in the UAE and Saudi Arabia economies are positive indicators for consultancies, says Vijay Valecha, Chief Investment Officer, Century Financial.