The Group reported a revenue of $5.12 billion.

Riyadh, Saudi Arabia -- Saudi Arabia and Qatar announced on Sunday that they would settle Syria's debt to the World Bank totaling roughly $15 million, according to a statement published by the Saudi Press Agency. Both Gulf states have played a key role in the diplomatic outreach to Syria's new...

"Saudi Arabia will go into the Abraham accords," Trump said, referencing the historic agreement struck at the end of his first term in 2020, which saw United Arab Emirates, Bahrain, Sudan and Morocco normalize relations with Israel.

its assets increased by 20.08 percent to $43.65bn.

Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they welcome efforts towards helping Syria "reintegrate with the international community." The statement, issued with Saudi Arabia's finance minister, came as Syria's central bank governor and finance minister attended the IMF...

Saudi Arabia's top diplomat held talks in Washington earlier this month to lay the groundwork for a visit by Trump in a reprisal of 2017, when the oil-rich, conservative kingdom was the first destination of his first term in office.

Lando Norris pipped teammate Oscar Piastri in final practice in Jeddah with the McLaren duo streets clear of the chasing pack ahead of qualifying for the Saudi Arabian Grand Prix later Saturday

Riyadh, Saudi Arabia -- Saudi Arabia’s merchandise imports increased 8 percent year-on-year (YoY) to SAR 72.6 billion ($19.34 billion) in January, according to data issued by the General Authority for Statistics (GASTAT). Meanwhile, merchandise imports fell by 8 percent, or nearly SAR 6.4 billion, month-on-month (MoM). Machinery and mechanical appliances,...

The United Nations nuclear watchdog chief Rafael Grossi warned on Wednesday that Iran was "not far" from possessing a nuclear bomb, shortly before he arrived in Tehran for talks.

Jeddah, Saudi Arabia - This weekend's Saudi Arabian Grand Prix is the final leg of the first 'triple header' of the season. From Suzuka in Japan, to the desert of Bahrain, Formula One now pitches up on the shores of the Red Sea in Jeddah.AFP Sport looks at five talking...

Tourism has long been celebrated for its economic benefits, driving 9.1 percent of global GDP at just over $9.9 trillion in 2023, supporting nearly 330 million jobs worldwide, fostering cultural exchange and uniting nations besides serving as a powerful engine for economic growth and development.Yet, beneath the glossy surface lies...

Paris, France -- Global oil demand will be lower than previously forecast this year as rising trade tensions weigh on the economic outlook, the International Energy Agency said Tuesday. While US imports of oil, gas and refined products have been exempted from President Donald Trump's tariffs, his other levies have...

Riyadh, Saudi Arabia -- Diriyah Company has collaborated with Pantone to produce "Diriyah Tan," a color that embodies the essence and deep-rooted spirit of the history of Diriyah, the City of Earth. The unique color was inspired by Diriyah's land, reflecting this destination's significance as a leading cultural and tourism...

Dubai, United Arab Emirates - When US and Iranian negotiators meet in Oman on Saturday they will be just the latest to turn to crisis mediation in the Gulf Arab states, whose wealthy rulers are increasingly seeking out the role. Oman is a long-established venue for Iranian talks, while promoting...

The opening in Riyadh comes with Tesla sales dropping.

Riyadh, Saudi Arabia -- Saudi Arabia's top diplomat is in Washington to lay the groundwork for US President Donald Trump's upcoming visit, the first foreign trip of his second term, a Saudi government source told AFP Wednesday. Last month, Trump said he may visit Saudi Arabia as early as April...

Trump's sweeping tariffs are reshaping trade dynamics across MENA, impacting oil-exporting Gulf nations like Saudi Arabia, UAE and Qatar, according to Atlantic Council experts.

Other Gulf markets also took a dive, reflecting global trends as countries around the world grapple with Trump's shock tariffs affecting US allies and rivals alike.

Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector achieved a record surplus in the 2024 travel account, reaching SAR49.8 billion ($13.27bn), a 7.8% increase over 2023, according to a Tourism Ministry press release. The release said that this surge was fueled by a 13.8 percent increase in inbound visitor spending...

China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its own rights and interests".

Saudi Arabia and some other Gulf Arab states are to celebrate the Eid al-Fitr holiday from Sunday but other Middle Eastern countries will not do so until Monday.

Saudi Arabia is transforming its culinary arts into a cultural ambassador, blending tradition with innovation. Through culinary education, tourism, and global collaborations, the Kingdom showcases its rich heritage, fostering cultural exchange and positioning Saudi cuisine on the international stage.

Hofuf, Saudi Arabia - Saudi tailor Habib Mohammed's shop once made ornate, hand-woven cloaks for royals, a time-honoured craft he is determined to preserve even as mass-produced garments flood the market, threatening his traditional business. He makes "bisht", a long gown which for centuries has been a status symbol, worn...

With President Donald Trump pushing for a rapid end to the war that has killed tens of thousands of people, US negotiators shuttled separately over three days in the Saudi capital Riyadh between delegations from Ukraine and Russia.

The 50% equity interest in BHIG is Aramco-APQ joint venture.

Saitama, Japan --  Saudi Arabia battled to a 0-0 away draw with already qualified Japan on Tuesday to keep their fading hopes of an automatic place at the 2026 World Cup alive. The Saudis went into the game in Saitama in third place in Asian qualifying third round Group C,...

The US-Ukraine and US-Russia talks were originally planned to take place simultaneously to enable shuttle diplomacy, with the United States going back and forth between the delegations, but they are now taking place one after the other.

US President Donald Trump is pushing for a rapid end to the three-year war and hopes talks in Riyadh could pave the way for a breakthrough, with both sides have proposed different plans for temporary ceasefires.

Riyadh, Saudi Arabia -- Saudi Arabia's poultry sector has reached complete self-sufficiency in table egg production, with output surpassing 8 billion eggs by 2024, according to the Ministry of Environment, Water, and Agriculture. The Ministry highlighted that the Kingdom's egg production not only meets domestic demand but also generates a...

Az Zulfī, Saudi Arabia -- The ear-splitting roar of his jet ski fills the air as Hamza al-Hamm thunders past, kicking up plumes of water -- not at the beach, but in the heart of the Saudi Arabian desert. Sand-caked SUVs ring the temporary lake, formed by winter rains, as...

The company's net profit increased by 81.5 percent in Q4 2024.

US President Donald Trump and Russian counterpart Vladimir Putin are expected to speak this week, officials said on Sunday, as Washington and Kyiv's European allies press Moscow to accept a ceasefire in the three-year war.

The bigger your vision, the bigger your achievement will be. Will you stumble on the way? Perhaps, but we cannot let fear keep us small, says Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai.

A study by the World Economic Forum reveals that AI could replace around 85 million jobs by 2025

Partnerships with institutions like the Victoria & Albert Museum, Venice Biennale, and Hollywood productions elevate the GCC’s cultural landscape.

IoT applications are transforming critical sectors such as transportation, where connected vehicles improve traffic management, utilities where smart grids enhance energy efficiency, and healthcare, where remote monitoring optimizes patient care.

The talks on Tuesday will be the first Ukraine-US meeting since a White House blow-up between Zelensky and US President Donald Trump that led to Washington halting military aid to Kyiv. "We do have a proposal for a ceasefire in the sky and ceasefire at sea," the official told AFP.

Riyadh, Saudi Arabia -- Saudi Arabia on Friday welcomed a meeting between the United States and Ukraine due next week in Jeddah, describing it as part of the kingdom's efforts "to end the Ukrainian crisis". Ukrainian President Volodymyr Zelensky had announced he would travel to Saudi Arabia on Monday to...

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

Truce mediators Egypt and Qatar accused Israel of blatantly violating the ceasefire deal by halting the aid, a move left trucks loaded with goods lined up on the Egyptian side of the Rafah crossing to Gaza.

Observing fasting during Ramadan is one of the five pillars of Islam, requiring believers to abstain from eating, drinking, smoking and sex during daylight hours. Observant Muslims are also encouraged to donate to the poor.

Riyadh, Saudi Arabia -- Nearly 81.6 percent of Saudi individuals visited at least one cultural event or activity in 2024, according to the 2024 Household Culture and Entertainment Survey by the Kingdom's General Authority for Statistics (GASTAT). The survey said that 85.3 percent attended at least one entertainment event or activity. The...

This is an increase of 85.7 percent over the previous year.

Washington noted European nations would have to have a seat at the negotiating table "at some point", following the first high-level official Washington-Moscow talks since the 2022 invasion of Ukraine.

In a statement on Monday, Israeli Prime Minister Benjamin Netanyahu said he was "committed to US President Trump's plan for the creation of a different Gaza", also promising that after the war, "there will be neither Hamas nor the Palestinian Authority" ruling the territory.

Paris, France - Saudi Arabian sports investment fund SURJ, linked to the kingdom's sovereign wealth fund, has acquired a minority stake in sports streaming platform DAZN, the two parties announced on Monday.The statement said the deal would focus on the Middle East and North Africa."As part of this agreement, SURJ and...

Riyadh, Saudi Arabia -- Saudi Arabia's annual inflation rate in Jan 2025 reached 2 percent compared to January 2024, the kingdom's General Authority for Statistics (GASTAT) said in its Consumer Price Index (CPI) report for January 2025. According to GASTAT, Saudi Arabia's inflation rate is considered the lowest among the...

Trump sparked a global outcry with his proposal for the United States to "take over" the Gaza Strip and to move more than two million Palestinians out of the war-devastated territory, citing Egypt or Jordan as possible destinations.

Jeddah, Saudi Arabia - Under a vast canopy of tents in the Saudi city of Jeddah, religious artefacts are on display alongside contemporary art pieces, part of the kingdom's bid to transform its image.The second edition of the Islamic Arts Biennale, titled "And All That Is In Between", features as its...