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 the high...

The pilgrimage - one of five pillars of Islam, and which all able-bodied Muslims with the means are required to perform at least once - is scheduled for June. In 2019, about 2.5 million people took part in the rituals. For the next two years numbers were drastically curtailed numbers...

Riyadh, UAE---Saudi Arabia's Ministry of Investment has signed MoUs with three companies to develop and market investments in hospitality, tourism, catering services and entertainment activities besides cooperation in operating residential and commercial complexes.The MoUs were signed with Kadana Company, Lifestyle Development Company and Jusoor Al-Khaleej Company at the Hajj and...

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

Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.

The oil-rich kingdom, along with Egypt and Greece, is considering a bid to host world football's 2030 showpiece tournament, and Ronaldo's ambassadorial role will bring his reported earnings in the country to over $428 million. Ronaldo is expected to make his Al Nassr debut on Jan. 22.

Riyadh, Saudi Arabia-- Al-Nassr coach Rudi Garcia hopes that Cristiano Ronaldo will "rediscover the pleasure of playing" when he brings a little stardust to the Saudi Arabian league."The only thing I wish for Ronaldo is that he rediscovers the pleasure of playing and smiles again because in recent months between...

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.

Cristiano Ronaldo may make his Saudi Arabian debut on January 22 after the Portuguese star was successfully registered by new team Al Nassr. The star who was unveiled to fans this week joined the squad list after Al Nassr terminated Vincent Aboubakar to stay within the maximum eight foreign nationals...

Reduction in hunger, provision of food security and improved nutrition, and promotion of sustainable agriculture contribute to sustainable development in the region, says an expert.

Abu Dhabi, UAE--The market cap of Arab stock exchanges has vaulted to $4 trillion by the end of 2022, according to the Arab Monetary Fund (AMF).The AMF said in a statement that the market value of the Abu Dhabi Securities Exchange reached $714.6 billion in the reference year, while that...

Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC indices. In 2023, Saudi and UAE ended the weekly exchange down or stable.

Riyadh, Saudi Arabia---Portuguese superstar Cristiano Ronaldo still needs to serve a two-match English Football Association ban before making his Al Nassr debut, an official at the Saudi club told AFP on Friday.Ronaldo was slapped with the ban in November for hitting a mobile phone out of a teenage fan's hand after...

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 great...

Riyadh, Saudi Arabia--Portuguese superstar Cristiano Ronaldo faces a wait to make his Al Nassr debut because the Saudi club have exceeded their quota for foreign players, club sources told AFP on Thursday.When he was unveiled with great fanfare on Tuesday, the 37-year-old said he was keen to play as soon as...

The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production chains.

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

GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies.

The airline launched 16 new destinations and 30 new routes.

The UAE, which launched diplomatic ties with Israel in 2020, "strongly condemned the storming of Al-Aqsa Mosque courtyard by an Israeli minister", in a foreign ministry statement. The US ambassador to Israel, Tom Nides, said Washington "has made it clear to the Israeli government it opposes any steps that could...

Al Nassr's surprise capture of football superstar Cristiano Ronaldo is the latest in a string of high-profile sports acquisitions by the kingdom.

A recently reached Comprehensive Strategic Partnership Agreement has further enhanced the historical friendly relations between Saudi Arabia and China.

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 at...

Hail, Saudi Arabia---The second edition of the 10-day Citrus Festival, which was held in Hail region, has concluded after witnessing a large attendance of visitors.The head of the Hail Agricultural Marketing Cooperative and General Supervisor of the Festival, Khaled Al-Batea said more than 80 participants displayed citrus products from all...

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 Faisal...

Abu Dhabi--The UAE ranked first in the Arab world in terms of the value of manufactured exports in 2021, with a total value of $142.5 billion, according to the Arab Monetary Fund (AMF).According to the AMF's Joint Arab Economic Report, the UAE's manufacturing industry exports account for 43.9 percent of...

The country profiles -- arranged in alphabetical order -- summarize recent data, presenting statistical narratives of a country that include economic, political, sociological, environmental, and cultural factors. The profiles also include their performance in 2022 and estimations for 2023.

The Portuguese football star Cristiano Ronaldo has signed for Al Nassr of Saudi Arabia in a deal believed to be worth more than $200 million. The 37-year-old former Manchester United, Real Madrid and Juventus player said that he can't wait to discover a new football league in a different country.

Mobile data service revenues are expected to reach 60 percent of the total GCC mobile service revenues by 2026.

Many markets in the Middle East and Africa show a larger gap between affluent and non-affluent households in 2019 vs 2022 discretionary spending.

The Frenchman, who has just won the 2022 edition of the Extreme E, has a tough battle in front of him if he is to improve on his three podium finishes and chalk up that first win. Notably, he will need to unseat defending champion Nasser Al-Attiyah (Toyota), a quadruple...

The Saudi and UAE construction sectors contributed the most to their countries' GDPs, with around $45.5 billion and $36.8 billion, respectively, AMF report said.

Luxury segment is set to hit US$ 11bn by 2023 as retailers in the GCC are reporting increased sales due to rising inflation and consumer spending on basics, says a survey.

Khat, or qat, is a leaf which is packed into the cheek and slowly chewed, releasing chemicals similar to amphetamines and resulting in a mild high. It is very popular in Yemen and Horn of Africa countries like Ethiopia and Somalia.

Riyadh, Saudi Arabia--Saudi Arabia has invested some $6.12 billion in more than 6,000 projects in Egypt, according to the Minister of Trade and Industry of Egypt Ahmed Samir. The trade minister announced the investment figure during his visit to Riyadh on Dec. 25, where he met Saudi ministers and senior officials...

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 countries...

The deal allows for joint cooperation between the two.

Sustainability remains key focus as the UAE and Saudi Arabia speed up digitalization, which has been the fundamental pillar of the transformative economic goals of the GCC nations.

The firm signed PPA with the National Electric Grid of Uzbekistan.

Seeking to deepen energy ties, Saudi Arabia and Japan have signed two sets of cooperation agreements in the fields of hydrogen, fuel ammonia and carbon recycling. The agreements were the latest in Japan's efforts to develop its large-scale supply chains of hydrogen and fuel ammonia in the Middle East.

The Makkah Chamber of Commerce, Madinah Chamber of Commerce and the Islamic Chamber of Commerce will sign the agreement at the Makkah Chamber Center for Exhibitions and Events next Wednesday in presence of representatives from the 57 member countries of the Organization of Islamic Cooperation and several diplomats.

AL-MAHRA, YEMEN - The second batch of the new Saudi oil derivatives grant of 4,491,000 metric tons of diesel was delivered in Al Mahrah. The grant comes as part of the Kingdom's support for the Yemeni people under the directives of King Salman and the Crown Prince to help Yemen...

Through strategic investments in our vehicles, services, businesses and technologies, we are leading the way toward a cleaner, smarter and safer society, adds West, the Managing Director of OnStar Middle East Operations and Future Mobility General Motors Africa and Middle East.

In order to achieve the Vision 2030 goals, the PIF and its portfolio companies seek to help the kingdom grow its annual non-oil GDP by about seven percent.

SALIC had signed the acquisition pact in March.

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

Riyadh, Saudi Arabia-- Saudi Arabia's merchandise exports increased by 13.9 percent in October 2022 to SAR 120.7 billion ($32.10 billion), compared to SAR 106.0 billion in October 2021, according to the International Trade Report for October 2022 released today by the General Authority for Statistics (GASTAT).The rise was mainly due...