Riyadh, Saudi Arabia -- Saudi Arabia’s first quarter real Gross Domestic Product (GDP) grew by 3.4 percent year-on-year, according to the latest report from the General Authority for Statistics (GASTAT), primarily driven by a 4.9 percent surge in non-oil activities and a 3.2 percent rise in government activities. GASTAT’s data...

Dubai, UAE -- The Middle East and North Africa (MENA) region has kicked off 2025 with a record-breaking first quarter in mergers and acquisitions (M&A), as deal value soared to $46 billion—a 66% increase year-on-year (YoY). According to Saudi M&A Consulting, this robust growth reflects rising investor confidence, favorable regulatory...

Qatar's foreign reserves rise 3.6 percent year-on-year despite a dip in bonds and treasury holdings, Iraq releases Australian and Egyptian engineers and other developments.

Mina, Saudi Arabia -- Near the holy city of Makkah, men in white robes stand quietly in a long queue, waiting for the next important act of their hajj pilgrimage: a haircut. Shaving or cutting the hair comes near the end of the hajj, and marks the moment when pilgrims...

Saudi Arabia records the lowest Hajj attendance in three decades—outside the pandemic years—triggered by tighter visa restrictions; Special Envoy Zhai Jun meets Egypt’s Foreign Minister to discuss the Gaza crisis and broader Middle East peace efforts.

Riyadh, Saudi Arabia -- Former Inter boss Simone Inzaghi was revealed as the new coach of Saudi Arabia's Al Hilal on Thursday, days before they take part in the new-look Club World Cup. The Italian, who led Inter to a heavy defeat in Saturday's Champions League final, had earlier played...

As the region pivots toward a post-oil future, recent developments across the Middle East and North Africa suggest an accelerating shift—driven by policy ambition, digital reform, and investment recalibration.

Riyadh, Saudi Arabia -- The International Monetary Fund (IMF) has revised upwards its forecast for Saudi Arabia's economic growth to 6 percent in 2025, an increase from the earlier prediction of 5.5 percent. This adjustment from earlier estimates reflects the impact of extended oil production cuts and a slower-than-expected rebound...

About 1.4 million pilgrims arrived in Saudi Arabia ahead of the multi-day hajj, one of the five pillars of Islam that must be performed at least once by all Muslims with the means.

Makkah, Saudi Arabia -- Saudi authorities have asked pilgrims performing the hajj to remain in their tents for several hours during the high point of this week's pilgrimage, citing high temperatures. According to a report in Saudi media, Hajj Minister Tawfiq al-Rabiah has requested that pilgrims refrain from leaving their...

Ministers from Saudi Arabia, Egypt, Jordan and Bahrain, along with the Arab League chief, had planned a trip to the Palestinian territory, but Israel said Friday that it would not cooperate.

The ministers condemned "Israel's decision to ban the delegation's visit to Ramallah (on Sunday) to meet with the president of the State of Palestine, Mahmud Abbas", the Jordanian foreign ministry said.

On a visit to Riyadh earlier this month, US President Donald Trump said he would lift US sanctions on Syria, a move that should help pave the way for economic recovery in the war-torn country.

Prince Faisal will head a delegation to Ramallah, the first such trip since Israel first occupied the Palestinian territory in 1967. Saudi Arabia sent a lower-level delegation to Ramallah in September 2023.

Riyadh, Saudi Arabia -- Saudi Arabia is ramping up a crackdown on unregistered worshippers at next week's hajj pilgrimage, a year after hundreds perished in scorching conditions. Regular raids, drone surveillance and a barrage of text alerts are aimed at rooting out unauthorized visitors hoping to mingle among the crowds...

Riyadh, Saudi Arabia -- With artificial intelligence, more shade and misting machines, Saudi authorities are preparing to welcome more than a million hajj pilgrims amid punishing summer heat that has a deadly history in the holy city of Mecca. Saudi Arabia's hajj minister Tawfiq al-Rabiah told AFP on Thursday that...

The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output for May and June.

Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector is poised for an unprecedented summer season, with the official launch of the "Saudi Summer 2025" program, themed "Colour Your Summer." The initiative, unveiled today by Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Board of the Saudi Tourism Authority (STA),...

Riyadh, Saudi Arabia - Saudi Arabia announced on Tuesday that the annual Muslim hajj pilgrimage to Mecca would begin on June 4 after astronomical observatories spotted the crescent moon, marking the start of the lunar month. The date was announced by the supreme court in a statement carried by the...

Riyadh, Saudi Arabia --  Questions swirled over Cristiano Ronaldo's future in Saudi Arabia on Tuesday, hours after the superstar indicated he might be leaving Al Nassr in a social media post, just hours following the end of the Saudi Pro League season. The 40-year-old Portuguese forward joined Al Nassr in...

The Organization of the Petroleum Exporting Countries and their allies - collectively known as OPEC+ - have justified their change in strategy by citing "current healthy market fundamentals, as reflected in the low oil inventories".

Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set to transform the future of the tourism industry. The inaugural TOURISE 2025 event will take place in Riyadh from November 11-13, bringing together public and private sector leaders, experts, and...

US Secretary of State Marco Rubio suggested Wednesday that more Arab nations could forge ties with Israel this year, as Washington presses hard for relations to normalize with Saudi Arabia.

Riyadh, Saudi Arabia -- A Saudi airline has resumed flights for Iranian hajj pilgrims to the kingdom for the first time in a decade, the latest sign of the warming ties between the countries. "Flynas resumed Iranian pilgrims flights from Imam Khomeini (airport) in Tehran on Saturday," a Saudi civil...

Washington, United States -- The World Bank on Friday said it would restart operation in Syria following a 14-year pause, after Saudi Arabia and Qatar had paid off the country's outstanding debts. The Bank's operation in Syria were halted when the civil war broke out in 2011, preventing the country...

US President Donald Trump on Friday capped off a Gulf tour in Abu Dhabi that has seen the securing of multi-billion-dollar deals, a $1.4 trillion investment pledge from the UAE, as well as historic overtures to Syria and renewed optimism over an Iran nuclear deal.

US President Donald Trump on Thursday closes a Middle East tour in the United Arab Emirates as he focuses squarely on seeking deals after billions of dollars of pledges from Saudi Arabia and Qatar.

Under imposing chandeliers, Trump welcomed a promise by Crown Prince Mohammed bin Salman, who effectively rules the kingdom due to King Salman's frail health, for $600 billion in investment and quipped that it should be $1 trillion.

In the days before the trip, the White House has played an instrumental part in hammering out a ceasefire between India and Pakistan, the release of an American hostage in Gaza and holding another round of nuclear talks with Iran.

Iranian Foreign Minister Abbas Araghchi will visit Saudi Arabia and Qatar on Saturday, his ministry said, days before US President Donald Trump begins a regional tour.

The announcement comes after Lebanon's President Joseph Aoun met with his UAE counterpart Mohamed bin Zayed in Abu Dhabi on Wednesday, after which it was announced that the ban would be lifted.

The company's net profit was $66m in Q1 2024

Dubai, United Arab Emirates -- The United Arab Emirates will lift a ban on its citizens travelling to Lebanon that was imposed during a diplomatic row in 2021, according to a joint statement on Thursday. The decision was announced a day after Lebanese President Joseph Aoun met with his UAE...

He renewed calls for an immediate and lasting ceasefire, the unconditional release of all hostages, and full humanitarian access. He also underscored the need to uphold international law, protect UN personnel and facilities, and ensure accountability for attacks on aid workers.

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...

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...