Riyadh, Saudi Arabia - Saudi authorities have issued a clear warning to businesses operating within the country: settle your outstanding taxes promptly or brace yourself for substantial fines. The call comes from Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA), which has taken a strong stance on enforcing tax compliance.The...

Amid Russian-Ukrainian war, Europe aims to diversify its energy sources, with Gulf countries like Qatar, UAE, Oman, and Saudi Arabia offering alternative natural gas options.

RIYADH, SAUDI ARABIA -  The National Development Fund (NDF) on Sunday said it will contribute US$453 million (SAR1.7 billion) to the US$2.2 billion (SAR8.3 billion), 2.6 GW Al Shuaibah solar project that is to be carried out by the National Infrastructure Fund (under establishment).This is one of the world’s largest...

Tokyo, Japan -- Japan is preparing to hold a foreign ministers' meeting with the six member states of the Gulf Cooperation Council in Saudi Arabia in early September, a report said.Japan's Kyodo News said the meeting comes as Japan aims to strengthen relations with oil-producing countries in the Middle East...

The Saudi Pro League has a years-long commitment from the kingdom's rulers in its goal to become one of the world's top competitions, chief operating officer Carlo Nohra said. Nohra was speaking at Al-Hilal's unveiling of Brazilian superstar Neymar, who joins Cristiano Ronaldo, Karim Benzema and a host of other...

Riyadh, Saudi Arabia -- The Afro-Arab Esports League, which opened Saturday in Saudi Arabia, will see participation from over 25 national teams. These teams will compete for three days in a variety of tournaments tailored for both men and women, covering popular games such as eFootball and Valorant.The inauguration ceremony...

RIYADH, SAUDI ARABIA - Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister and Chairman of KAUST Board of Trustees, launched on Sunday a new strategy of the university.The strategy aims to transform research into economically productive innovations by focusing on the national priorities for research, development, and...

Dubai, UAE -- The Arab Brazilian Chamber of Commerce (ABCC) recorded a surge of 8 percent in Brazilian exports to the Arab world during the first seven months of 2023, totaling to $10.61 billion, compared to $9.825 billion in the same period in 2022.Brazilian exports to the the kingdom totaled...

Saudi Arabia's football clubs continue to win over global stars with Serbian forward Aleksandar Mitrovic becoming the latest player to join Al Hilal. The club is reported to have negotiated a $64 million deal for the 28-year-old. The Premier League club confirmed the Serbian's departure following Saturday's 3-0 Premier home...

Astana, Kazakhstan-- Saudi Arabia and Kazakhstan have pledged to strengthen cooperation in the fields environment, water, and agriculture.The strengthening of ties in these sectors came up in a meeting between President of Kazakhstan Kassym-Jomart Tokayev and Saudi Arabia's Minister of Environment, Water and Agriculture Abdulrahman bin Abdulmohsen Al-Fadhli.Both affirmed the...

As Middle Eastern countries rise economically and their populations grow, Malaysia sees a bigger role in fulfilling the region's growing demand for edible oils and fats.

Riyadh, Saudi Arabia--Neymar was greeted with much fanfare Friday as he arrived in Saudi Arabia where he joins a growing list of big names lured to the oil-rich kingdom.The 31-year-old Brazil forward who will be unveiled as an Al-Hilal player on Saturday after six seasons with French champions Paris Saint-Germain landed...

Riyadh, Saudi Arabia - India and Saudi Arabia are in discussions regarding a state visit by Crown Prince Mohammed bin Salman to India, Indian television channel Timesnow reported on Friday. The discussions are said to be centered around the Crown Prince's visit after the G20 summit on September 9-10 which he...

Riyadh, Saudi Arabia--The Communications, Space and Technology Commission (CST) has urged the public to provide their views on its space use plan for frequency spectrum, aiming at enabling space radio services, studying the most critical trends and needs of manufacturers, operators and users.Besides it will ensure optimal use of frequency...

Riyadh, Saudi Arabia - Saudi Arabia and India signed on Friday an agreement on digitization and electronic manufacturing.The agreement seeks to enhance Saudi-Indian cooperation in the fields of digital infrastructure, e-health, and e-learning, and to strengthen their partnership in digital research and innovation and the use of emerging technologies.It also...

Iran's foreign minister met Saudi Arabia's Crown Prince Mohammed bin Salman during his first visit since the Middle East rivals announced a rapprochement, officials said. Hossein Amir-Abdollahian, who travelled to Riyadh on Thursday, held talks with the Crown Prince in Jeddah, the Saudi foreign ministry said, after extending a scheduled...

Riyadh, Saudi Arabia - After being banned in several Arab countries, blockbuster film Barbie in Saudi Arabia is drawing huge crowds.The unexpected success of the film Barbie in Saudi Arabia has become a symbol of the dramatic societal changes taking place in the Middle East. Despite calls for its ban...

The investment in green hydrogen has not curbed expansion in oil and gas, with both the UAE and Saudi Arabia planning to grow their hydrocarbon industries. Experts predict it could still take years before Gulf countries can produce green hydrogen at a cost competitive with fossil fuel-based alternatives.

The death sentence for Bishoy Sharif Naji Naseef was carried out in the Riyadh region, the official Saudi Press Agency said. The Gulf kingdom is frequently criticised for its prolific use of capital punishment, which human rights groups say undermines its bid to soften its image through a sweeping "Vision...

The financial landscape of Saudi Arabia and the UAE is undergoing a significant transformation, with most adults in the region experiencing an increase in their wealth.

Hossein Amir-Abdollahian also took the opportunity to reiterate the Islamic republic's support for the Palestinian cause at a time when Riyadh is in discussions with the United States about potentially normalizing ties with Israel.

Aden, Yemen--Yemeni Prime Minister Maeen Abdulmalik affirmed that the economic support Saudi Arabia provides to Yemen represents a vital factor for achieving progress in various service and development sectors.During a cabinet meeting today in Aden, Abdulmalik pointed out that the kingdom's economic support backs the efforts of the Yemeni government...

The poorest country on the Arabian peninsula, Yemen's economy has collapsed in the eight years of war between Iran-backed Houthis and the Saudi coalition-backed government. The conflict has left hundreds of thousands of people dead and millions displaced, with the UN having accused all parties -- including in Saudi Arabia...

Beijing, China - Saudi Arabian and Chinese companies and banks on Wednesday signed 12 agreements involving an investment exceeding $1.33 billion (SAR 5 billion). The agreements covered infrastructure development, financing, with five of them related to housing projects.The agreements were signed at the Saudi-Chinese Business Forum being held in Beijing...

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer said on Wednesday that Saudi Arabia’s ACWA Power is the “preferred bidder” for the construction and operation of the 180 Million Imperial Gallon per Day (MIGD) Sea Water Reverse Osmosis Hassyan Phase 1...

MOSCOW, RUSSIA - The 11th Moscow Conference on International Security, held at the Patriot Congress and Exhibition Center here, saw high-level discussions between Russian Deputy Defense Minister Alexander Fomin and military representatives from Saudi Arabia and Iran.In a meeting with Talal Abdullah Al-Otaibi, military adviser to the Saudi defense minister,...

In 2022, 45 percent of adults in Saudi Arabia had a net worth of less than $10,000, against 43 percent of adults in the UAE, according to Global Wealth Report 2023.

The SAR 0.25 per unit dividend will be paid to Riyad REIT Fund's unitholders.

Train trips in H1 2023 rose 46 percent compared to H1 2022.

From Cristiano Ronaldo to Neymar, the kingdom is offering eye-watering salaries to international football stars to bring them over from clubs across Europe.

Central banks are prioritizing fiscal and monetary policy coordination to boost macroeconomic stability, cut inflationary pressures, and support long-term growth.

Saudi Arabia’s real estate sector is evolving with new regulations, creating fresh job opportunities. The latest initiatives seek to enhance the sector’s GDP contribution while fostering job and investment prospects.

Paris, France - Brazil forward Neymar has signed for Saudi Arabia's Al-Hilal from Paris Saint-Germain, the clubs announced on Tuesday, joining Cristiano Ronaldo and Karim Benzema as the latest big name lured to the Kingdom."I am here in Saudi Arabia, I am Hilali," Neymar said in a video posted to Al...

Riyadh, Saudi Arabia -- The Saudi Ports Authority (Mawani) has added 20 cargo services to the ports of Jeddah, Dammam, and Jubail during the first half of 2023, a development that inspired the Kingdom’s latest score of 76.16 points in the Q2 2023 update of the UNCTAD’s Liner Shipping Connectivity...

Riyadh-based Ceer is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation and empower its engineers to design and build truly next-generation vehicles.

Beijing, China -- Saudi Arabia's Minister of Municipal, Rural Affairs and Housing, Majid bin Abdullah Al-Hogail, has held a meeting with key leaders from Chinese housing infrastructure companies, which are aimed at fostering collaboration in infrastructure, urban development, housing, real estate development, and financing. The Kingdom's ambassador to China, Abdulrahman...

Firm to supply 600,000 tons of fertilizers to BADC.

"The United States is committed to supporting a resolution to the Yemen conflict as soon as possible. We are working closely with the UN, Saudi Arabia, UAE, Oman, and other partners to build on the UN-mediated truce, which has delivered the longest period of calm since the war began, and...

Riyadh, Saudi Arabia - The Saudi Ministry of Human Resources and Social Development (MHRSD) is set to introduce a system of fines and penalties targeting employers who breach labor regulations, a report in Saudi Gazette said.The changes encompass a wide array of labor-related violations: The companies will face fines for...

Riyadh, Saudi Arabia--The Saudi National Debt Management Center (NDMC) has issued new sukuk worth $9.57 billion under the Local Saudi Sukuk Issuance Program, in addition to an early purchase of more than $9.52 billion.In a statement carried by the Saudi Press Agency (SPA), NDMC outlined that such a step is...

"Vessels are being advised to transit as far away from Iranian territorial waters as possible" to minimize the risk of seizure, US Fifth Fleet spokesperson Commander Tim Hawkins told AFP. The International Maritime Security Construct (IMSC), led by Washington, is "notifying regional mariners of appropriate precautions to minimize the risk...

Representatives from around 40 countries including China, Germany, India and the United States took part in last weekend's gathering in Jeddah, though Russia was not invited. "It makes sense for us to continue these talks, because they increase the pressure on Russia to realize that it has taken the wrong...

New Delhi, India -- The UAE ranks first among the countries in the world in the employment of Indians, currently employing more than 3.55 million people from the world's most populous country, India's Minister of State for External Affairs, V Muraleedharan, told parliament.The number of Indians in the UAE last...

RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met and issued a joint communiqué:The Government of the Kingdom of Saudi Arabia and the Government of the French Republic acknowledge that energy is one of the main pillars of their...

The Russian-Ukrainian war heightens global food crisis fears as India, followed by the UAE and Russia, sequentially impose rice export bans, disrupting global supply chains.

Saudi Arabia, which has pioneered the development of smart cities in the region, plans to establish more than 200 smart cities.

As these countries -- including Saudi Arabia, UAE and Qatar -- progress to the next phase of their economic diversification, focusing on renewable energy technologies and cutting-edge manufacturing, Turkiye can emerge as a dependable partner, offering opportunities for technology transfer and joint development, he adds.

Al-Sudairi, the current ambassador to Jordan, will also serve as consul general in Jerusalem, a new position announced amid speculation about possible future ties with Israel. The file for the Palestinian Territories has traditionally been handled by Saudi Arabia's embassy in Amman.

Riyadh, Saudi Arabia -- For the first time, Riyadh will host the Peace and Sport Middle East Forum, powered by the Saudi Olympic and Paralympic Committee on 18-19 October.The forum will be held under the theme, “Sport is an answer for peace”, at the Cultural Palace in Riyadh-based Diplomatic Quarter...

Jeddah, Saudi Arabia--Brazilian forward and former Liverpool star Roberto Firmino hit a hat-trick on his Saudi Pro League debut on Friday as Al- Ahli defeated Al-Hazem 3-1.The 31-year-old skipper found the net in the sixth, 10th and 72nd minutes for the promoted team who also fielded fellow new signings Riyad Mahrez,...