“E-commerce sales via marketplaces will continue to grow in double-digit percentages in 2023, driven by a higher proportion of cross-border shopping, and ongoing increase in the adoption of credit cards, and logistics services such as Aramex’s Shop & Ship, MyUS and DHL’s Easy Shop,” he adds.

Saudi Hassana will invest $2.4 bn in some of DP World's assets.

Tehran, Iran-- Iran's foreign minister said Wednesday he held a "friendly conversation" with his Saudi counterpart in Jordan, despite Tehran's repeated accusations that Riyadh has fanned months-long protests in the Islamic republic.Jordan hosted the "Baghdad II" conference on Tuesday, bringing together key Middle East and international players -- including rivals Iran...

The high-density polyethylene complements its Trucircle range.

In all economic spheres from financial to commodities, credibility is a key ingredient to building the trust and confidence that lead to the stability of markets. Without credibility, markets become more volatile and less attractive for all types of participants, adds Prince Abdulaziz bin Salman.

Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts.

The agreements included the establishment of the Saudi-Azerbaijan Joint Business Council.

The region was ranked the riskiest by the Global Risk Report Quarterly Update. But the GCC region stood out, offering some of the best supporting environments for investors.

During the tournament, Qatar was awarded the 2025 world table tennis championships and the opening race of the world endurance championship in 2024, adding to its packed sports calendar.

They will explore refining and petrochemical projects in China.

Saudi and the UAE equities beat sluggishness of the past few weeks, recording gains across many sectors, with Abu Dhabi index posting gains not seen since last October.

The regional panel, during its fourth meeting in Riyadh, reviews the implementation of the strategic plan to improve educational institutions in the bloc and their needs.

.Riyadh, Saudi Arabia---Saudi Arabia’s General Authority of Civil Aviation issued its monthly report on the performance of the kingdom’s international and domestic airports for the month of November 2022.The performance is based on 14 basic criteria such as waiting time at customs, baggage and passport control.In the category of airports...

Dubai, UAE--– The central banks of Saudi Arabia, Bahrain, and Qatar increased their interest rates following the US Federal Reserve Board’s announcement today to raise the Interest on Reserve Balances (IORB) by 50 basis points.The Saudi Central Bank, known as Sama, the Central Bank of Bahrain and Qatar Central Bank...

Housing rents rose by 5.4 percent, bringing the overall housing, water, electric, gas, and other fuels increase to 4.7 percent.

The deal is expected to boost capital markets in the region.

ALTAWKILAT is one of the largest automotive distributors in Saudi, with over 75 years of experience.

The Palestinian govt has no money to support would-be entrepreneurs, environment for foreign investors is too risky and the Israeli occupation makes condition worse, say experts.

Riyadh, Saudi Arabia---Saudi Arabia’s Real Estate Development Fund has launched a program to provide short and medium term financial facilities to real estate finance companies, which will in turn facilitate the kingdom’s initiative to provide affordable housing to its residents.The kingdom aims to raise the percentage of home ownership to...

The plan reaffirms the UK’s enduring commitment to working with Saudi Arabia on promoting regional security and stability.

The confirmation of an increased participation of women in workplace comes months after the TOP CEO Conference held in May 2022 had highlighted its economic justifications.

Saudi Arabia's GDP witnesses 9.3 percent increase in the third quarter of this year as the rally in oil prices has fuelled economic growth across the Gulf region.

Dubai---Saudi Arabia's sovereign wealth fund, the Public Investment Fund, had acquired a 9.5 percent stake in Skyborn Renewables, an offshore wind developer and operator. In a statement, PIF said it is investing in Skyborn alongside Global Infrastructure Partners, a US-based infrastructure investment fund. The investment will allow PIF to participate...

Earlier on Monday, Jordanian-Saudi ministerial meetings were held to discuss bilateral cooperation in various fields.

Amman, Jordan— Jordan and Saudi Arabia held discussions on enhancing bilateral cooperation in various fields and boosting strategic ties between the two countries. The ministerial meetings were held as part of Prime Minister Bisher Khasawneh's working visit with a ministerial delegation, where he will meet with Saudi senior officials. Also...

The $1.5bn deal will herald a new energy transition phase.

Riyadh, Saudi Arabia—Saudi Arabia has signed a memorandum of understanding (MoU) with Kuwait on Sunday to develop Al-Durra gas field shared between the two countries. President and CEO of Saudi Arabian Oil Company Eng. Ali Bin Saleh Al Ajmi signed the MoU for the Saudi side, while CEO Kuwait Gulf...

The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international environmental forums.

Riyadh, Saudi Arabia---Saudi Arabia’s real gross domestic product grew by 8.8 percent in the third quarter of 2022 compared to the same period last year, driven by an increase in oil activities, according to a report released by the kingdom's General Authority for Statistics (GASTAT). GASTAT noted that the real...

The program aims to strengthen the strategic partnership between the two countries and contribute to ensuring the quality and safety of goods.

China has established comprehensive strategic partnership relations with 12 Arab countries separately, says Xi Jinping during Arab-China Summit in Riyadh.

The mediation efforts were led by the Emirati president Sheikh Mohammed bin Zayed bin Sultan Al Nahyan and the Crown Prince of Saudi Arabia  Mohammed bin Salman bin Abdulaziz Al Saud.

Beijing is ready to expand its crude oil trade with Riyadh and will "list Saudi Arabia as a destination country for outbound tourism organized by Chinese citizens, says Xi Jinping.

About $30 billion in agreements will be signed on Thursday, Saudi state media said, as China seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.

Riyadh, Saudi Arabia— Saudi Arabia has unveiled the "Culture & Green Future" initiative, aiming to enhance the role of culture and raise awareness of the centrality of culture in sustainable development and address its various challenges. The initiative was launched by Prince Badr bin Abdullah bin Farhan, Minister of Culture...

The Chinese president's visit to Saudi Arabia aims at 'qualitative leap' in bilateral ties and the 'largest-scale diplomatic activity between China and the Arab world'.

Thanks to high oil prices, Saudi Arabia has recorded its first annual budget surplus in almost a decade, beating its own projections. The kingdom's finance ministry said that the surplus for 2022 touched $27 billion, representing 2.6 percent of GDP.

The trip -- only Xi's third overseas journey since the coronavirus pandemic began, and his first to Saudi Arabia since 2016 -- comes after US President Joe Biden's visit in July, when he pleaded in vain for higher oil production.

Riyadh, Saudi Arabia---The Saudi capital was bedecked with Chinese flags ahead of President Xi Jinping's visit on Wednesday that is likely to focus on energy ties but also follows months of tensions with the United States. The red-and-gold Chinese emblem alternated with the green flag of Saudi Arabia along major...

Young women in the MENA region are more likely to be in the workforce, while the GCC countries have seen advances in labor force participation, says the latest PwC report.

The participating Gulf countries highlight labor reforms to ensure protection of workers at the 17th Asia and the Pacific Regional Meeting of ILO in Singapore.

Riyadh, Saudi Arabia--- Riyadh Art project will organize "Tuwaiq Sculpture 2030" from Jan 8 to Feb 10, 2023 under the theme "Energy of Harmony" to bring together elite Saudi artists and their peers from around the world. Tuwaiq Sculpture, which has received requests from more than 650 artists to participate from...

Riyadh, Saudi Arabia---  As many as 20 Vietnamese companies that participated in the Saudi-Vietnamese Business Forum on Tuesday evinced interest in investing in the kingdom and benefiting from the opportunities offered by its transformative Vision 2030. More than 20 Saudi companies also attended the forum organized by the Federation of...

LONDON, UK - The UAE Ministry of Energy and Infrastructure (MOEI) and the Transport General Authority (TGA) of the Kingdom of Saudi Arabia signed a Memorandum of Understanding (MoU) for mutual recognition of maritime certificates issued in the two countries. The move is in line with their shared vision to...

Key executives from Ma’aden’s aluminum and smelter department participated in the three-day conference Arabal 2022 in Cairo.

Chinese President Xi Jinping will reach Saudi Arabia on Wednesday for a three-day visit, his first to the world's biggest crude oil exporter since 2016, Saudi media reported on Tuesday. The visit will include a bilateral summit chaired by Saudi King Salman and attended by Saudi Crown Prince Mohammed bin...

The Portuguese football star Cristiano Ronaldo is likely to sign a $210 million a season blockbuster deal with Saudi Arabian club Al-Nassr in the wake of his high-profile exit from Manchester United. Ronaldo left United last month and will likely start playing for the new club from January.

Investors are paying greater attention than ever before to the founders' backgrounds, personalities and achievements, says Arwa Shafi of Saudi startup accelerator TAQADAM.

Credit Suisse itself has previously said it had $500 million committed from an unnamed investor, and its chairman said last week that it has other firm commitments, the daily reported on Sunday.

KUALA LUMPUR, MALAYSIA - Saudi Arabia on Monday became the sole bidder to host the 2027 Asian Cup after India withdrew its bid. The Asian Football Confederation (AFC) said in a statement that the All India Football Federation had pulled out from the selection. The statement did not provide any...