Jeddah, Saudi Arabia - The Formula One Organizing Committee announced on Thursday the initial calendar for the 2024 FIA Formula One World Championship, which begins in Bahrain on March 2 and ends in Abu Dhabi on December 8. The 4th edition of the Formula 1 Saudi Arabian Grand Prix will...

The Kingdom's unemployment rose to 8.5% in the first quarter of 2023, up from 8% in Q4 2022, driven by a notable increase among women to 15.7%, according to an official report.

Dubai, UAE -- Remittances from expatriates in Saudi Arabia saw a slight decline year-on-year (YoY) to SAR 11.3 billion ($3.01 billion) in May, according to recent data released by the Saudi Central Bank (SAMA). On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia increased 14 percent, or SAR...

"The UNCTAD report for 2022 reaffirms the remarkable and unprecedented achievements resulting from the cumulative balance of FDIs flows in the UAE. These outcomes serve as a testament to the insightful guidance and foresight of our wise leadership in fostering a robust and sustainable national economy," UAE Minister of Economy...

Paris, France - Saudi Arabia is continuing its multi-billion-dollar entry into all aspects of global culture, hitting a new milestone on Thursday with the first Saudi designer presenting at Paris Fashion Week. Mohammed Ashi's haute couture show -- his first as part of the official roster after years of dressing top...

Vienna, Austria - Energy and oil ministers from the Organization of Petroleum Exporting Countries (OPEC) on Wednesday expressed support for the latest production cuts by Saudi Arabia, Russia, and Algeria. Saudi Arabia on Monday extended its voluntary production cut of 1 million barrels per day (bpd) into August, while Russia...

Oil producers are grappling with falling prices and high market volatility amid fears of global economic slowdown and the Russian invasion of Ukraine, which has upended economies worldwide.

The country received the fourth largest number of greenfield projects (997), an 84 per cent increase, behind only India (1008), the UK (1230) and the US (2075), according to the UN Investment Report 2023. UAE's impressive numbers led to an increase of the projects in West Asia by two thirds.

Backed by the nation's sovereign wealth fund, the Saudi Pro League is luring big names from the major European leagues with the promise of huge salaries. Former Liverpool captain Steven Gerrard took over as coach at Al-Ettifaq earlier in the week, while Karim Benzema and N'Golo Kante have also made...

Dubai, UAE - Saudi Arabia has introduced a new electronic visa system for Muslims intending to embark on the spiritual journey of Umrah.  The Ministry of Haj and Umrah aims to facilitate the pilgrimage experience for Muslims worldwide by initiating this streamlined online application process. The visa issuance has commenced,...

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The contracts are valid for 20 years, said Saudi Catering.

Riyadh, Saudi Arabia--Former Liverpool captain Steven Gerrard is the latest star name to make the move to Saudi Arabia after signing a deal to become head coach of Al-Ettifaq. The 43-year-old has been out of the game since being sacked by Aston Villa in October. Gerrard had previously said he...

KUWAIT CITY, KUWAIT -  Kuwait reinvited Iran on Monday to talks on their sea borders after Tehran said it was ready to start drilling in a disputed gas field in the resource-rich Gulf. Kuwait insisted it held "exclusive rights" to the maritime field along with Saudi Arabia, after the neighboring countries...

In April, several OPEC+ members opted to slash production voluntarily by more than one million bpd -- a surprise move that briefly raised prices but failed to bring about lasting price recovery.

New tourism framework has been enacted, refining regulations and systems to lure investors, boost competitiveness, and elevate service quality in the sector across the Kingdom of Saudi Arabia.

The cut which first took effect for July will continue in August and "can be extended", the Saudi Press Agency (SPA) reported, citing an energy ministry source. "The source confirmed that this additional voluntary cut comes to reinforce the precautionary efforts made by OPEC+ countries with the aim of supporting...

The shareholders approved to distribute an 8.3% dividend.

Baghdad, Iraq - Saudi Arabia and the UAE have allocated $6 billion to support their operations in Iraq, the Federation of Iraqi Chambers of Commerce (FICC) announced on Sunday. The FICC signed an agreement with the two countries to create business councils. The FICC's president Abdul al-Razzaq al-Zuhairi told the...

Saudi Arabia's impressive performance in the 2023 Global AI Index is attributed to its comprehensive National Strategy for AI and dedicated government agency.

Saudi Arabia is investing $500 billion in NEOM, a future city in the northwest, expected to be a hotspot for tourism, tech, and innovation. It is also transforming the UNESCO heritage site, AlUla, into a key tourist attraction.

The Saudi Arabia-based Organization of Islamic Cooperation called for collective measures to avoid future Quran burnings, days after a copy was torched outside a Stockholm mosque. OIC met at its Jeddah headquarters to respond to Wednesday's incident in which an Iraqi citizen living in Sweden stomped on the holy book...

Riyadh, Saudi Arabia--Saudi Arabia will take part in the 15th Arab Games, "Algeria 2023," which is set to commence next Wednesday. Algeria will host the event until July 15th, with the involvement of all Arab nations. Saudi Arabian athletes will compete in 17 different sports, including 14 Olympic disciplines, such...

Tehran, Iran-- Iran has earned revenue to the tune of $54 billion last year from the export of oil, according to US Energy Information Administration (EIA) estimate. OPEC members earned about $888 billion in net oil export revenue last year. That’s what the US Energy Information Administration (EIA) estimates in...

LONDON, UK - Novak Djokovic warned on Saturday that the "integrity and tradition" of tennis must be preserved should the sport strike a tournament deal with Saudi Arabia. Both the ATP and WTA, which run the money-spinning men's and women's tours, have had discussions with Saudi Arabia. The country has been...

On Friday, two days after the last major ritual, tens of thousands of people packed roads and boarded buses out of Islam's holiest sites in Mecca, bringing the hajj to a close, the AFP correspondent said. They departed after performing a farewell "tawaf" - circling seven times around the Kaaba,...

Under a heavy police presence, Salwan Momika stomped on the Quran before setting several pages alight in front of Stockholm's largest mosque. Police in the Swedish capital had granted him a permit for the protest but said later they had opened a probe into the man over "agitation".

The GCC gaming industry, bolstered by Saudi Arabia's $38 billion investment, is poised for significant growth that may make it a global leader by 2030, says an expert.

Riyadh, Saudi Arabia - The Saudi Esports Federation (SEF) on Tuesday announced that Razer, the world’s leading lifestyle brand for gamers, will be the gaming gear partner at Gamers8: The Land of Heroes, the biggest gaming and esports festival worldwide. This is the second year in a row that SEF...

MECCA, SAUDI ARABIA- If a landmark reconciliation between Saudi Arabia and Iran has eased tensions in the Gulf, clouds have also lifted at the hajj pilgrimage, where Iranian visitors finally feel welcome again. Seven years of enmity between the Sunni and Shiite powers had made for a cool reception for Iranian...

The data showed most of the faithful came from abroad. The Kingdom's officials had predicted more than 2.5 million pilgrims, making it the largest to date. But officials figures carried by the state-run Al Ekhbariya TV showed that the total number of pilgrims for this hajj season as 1.84 million.

Riyadh, Saudi Arabia -- Saudi Arabia’s imports from Gulf Cooperation Council countries fell 15 percent year-on-year to SAR 5.6 billion ($1.49 billion) in April 2023, compared to SAR 6.57 billion in 2022, the Kingdom's General Authority for Statistics said. Compared with March 2023, the Kingdom's imports from GCC dropped by...

RIYADH, SAUDI ARABIA- The Saudi Arabian Football Federation (SAFF) and the Fédération Internationale de Football Association (FIFA) announced on Monday that Jeddah will host the next edition of the FIFA Club World Cup 2023. This follows an official visit made by a FIFA delegation to Jeddah last week to inspect...

After performing the ritual circumambulation of the Kaaba, the giant black cube at Mecca's Grand Mosque that Muslims pray towards each day, worshippers set off for Mina, about seven kilometers (more than four miles) away, in suffocating heat.

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RIYADH, SAUDI ARABIA – The Saudi Arabian Football Federation (SAFF) announced unprecedented funding and support for women’s football clubs. This initiative will help in growing women’s football leagues and will ensure its sustainability. SAFF  will provide financial help to Saudi Premier League and Women's First Division clubs. SAFF will allocate...

The $15 million is located in Dammam area of the Kingdom.

Hyundai will build a petrochemicals complex in the kingdom.

Islam's holiest site is expected to host more than two million worshipers from 160 countries during the annual rites that could break attendance records.

Companies like ADNOC, Saudi sovereign fund, and Niu are making significant strides as the two Gulf countries seek to diversify their economies and capitalize on high oil prices.

RIYADH, SAUDI ARABIA - The Minister of Human Resources and Social Development and Chairman of the Board of Directors of the National Center for Non-Profit Sector, Eng. Ahmed bin Sulaiman Al-Rajhi, praised the contributions of the non-profit sector in achieving Saudi Vision 2030. The Saudi Arabian government has outsourced certain...

Neves, who arrived at Wolves from Porto, had one year on his contract left at Molineux. He joins in the Saudi Pro League Real Madrid's Karim Benzema, 35, and Cristiano Ronaldo, 38, in what is expected to be just the start of a series of move for stars based in...

Paris, France -- SAMI, a PIF-owned national defense and security organization of Saudi Arabia, has signed an agreement with Safran Helicopter Engines for engine maintenance and repair. The agreement includes technical assistance and qualification, development of technical infrastructure, and technical training for Saudi talents who will earn their top qualifications...

Mecca, Saudi Arabia - The annual hajj pilgrimage, one of the five pillars of Islam, will start on Sunday with more than two million Muslims from around the world expected to take part this year. It will be the largest pilgrimage since the coronavirus pandemic forced Saudi authorities to dramatically...

The total dividend of $241.63 million will be paid on July 19.

Saudi Arabia has seen an influx of the addictive amphetamine captagon flooding in from war-torn Syria and Lebanon. After becoming a major market, Saudi Arabia is hitting back, ending a moratorium on the death penalty for drug cases and launching a zealous crackdown.

Both countries attract a high level of foreign investment, which provides capital for their banking sectors. The UAE is the second-largest FDI recipient in the Middle East, and Saudi Arabia is the largest one in the region.

Riyadh, Saudi Arabia -- NEOM and Volocopter have announced a series of successful flight trials of electric vertical vehicles (eVTOL), commonly known as air taxis, marking the first ever testing of an electric and zero-emission urban air mobility (UAM) system in Kingdom's futuristic city. The project, a result of an...

The peace deal has ignited debates on its potential to transform Middle East from a region hit by conflicts to a peaceful place. Dive into an in-depth analysis from TRENDS.

A dynamic and industrious midfielder Kante, won the World Cup with France in 2018, said said he was "very excited to play for the Tigers". Current Ballon d'Or holder Benzema joined Al-Ittihad earlier this month, after 14 seasons with Real Madrid in which he won five Champions Leagues, four La...