Bali, Indonesia— Crown Prince and Prime Minister of Saudi Arabia, Mohammed bin Salman, has arrived in Indonesia to take part in the G20 summit. He is leading the kingdom's delegation at the G20 summit. The crown prince met with French President Emmanuel Macron, Turkish President Recep Tayyip Erdogan and other...

Many Gulf states, including the region's two biggest economies, raised key interest rates earlier this month after the US Fed hiked its key policy rate.

Riyadh, Saudi Arabia- --Saudi Arabia will host the World Under-21 Snooker Championship for men and women in July 2023, SPA reported. The championship is being hosted at the request request of the Saudi Arabian Billiard and Snooker Federation and the official approval was made during the meetings of the General...

The offering size was SAR 2.3 billion ($611 million), making it the second largest Accelerated Bookbuild Offering to ever take place in the Saudi market and the GCC region. It sold 12 million shares and its remaining stake is equivalent to 72 million shares or 60 percent of the Company's...

The kingdom is among the world’s leading phosphate exporters, along with China, the US, Russia and Morocco.

The Kingdom has moved from ambition to action during the past two years to empower people, protect the planet and shape new horizons, says Saudi minister

DFM index jumped 0.6 percent, Abu Dhabi index rose 0.1 percent, Saudi Stock Exchange varied as index ended its trading with a fall of 1.7 percent, losing 195.48 points.

It will sell 10% of its stake, amounting to 12m shares.

The region’s agriculture suffers from a variety of economic and policy problems. There is a lack of agricultural labor. The sector’s capabilities are underdeveloped, yields are low, soil salinity is an issue, and there are shortages of arable land, feed resources, and water, he adds.

Riyadh, Saudi Arabia--- The Saudi Broadcasting Authority (SBA) and three international companies with expertise in the technological and media sectors have signed several agreements at the Future of Media Exhibition (FOMEX), which was hosted in Riyadh alongside the 22nd Arab Radio and TV Festival. Mohammed Fahd Al-Harthi, CEO of SBA,...

Container throughput the Kingdom's ports continued its upward year-on-year movement during October 2022, soaring to 694,517 twenty-foot equivalent unit at 15.33 percent from last year’s total of 602,210 TEUs.

Eng. Al-Nasr called for developing new and innovative ways to confront escalation in cyber-attacks and address them quickly.

The Noor Riyadh installations generally steer clear of political messaging, though several highlight the ravages of climate change.

There are at least 25,000 rooms free even during the peak days of the World Cup, expected between November 24 and November 28, organizing committee accommodation director Omar Al-Jaber told a press conference.

Its profit rose to $52 million in first nine months.

Sharm el-Sheikh, Egypt—Saudi Arabia has signed two separate agreements with Oman and Egypt to boost ties in the energy field. The deals were reached on the sidelines of the COP27 summit in Egypt. A memorandum of understanding was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and his Omani...

Revenue was up 12% to reach $4.2 billion for the same period.

Its net profit tumbled to $16m in first nine months.

Its profit rose to $235m in the first nine months of 2022.

The summit reviews ways to enhance integration of the optimal energy mix for electricity production to achieving climate change targets through MoUs and agreements.

The Arabian Gulf countries have hosted some of the biggest sporting events during the past decade. The World Cup is set to cement the region's position as sporting hub.

Riyadh, Saudi Arabia---Saudi Arabian Airlines (SAUDIA) has announced it will allocate 780 scheduled, additional and shuttle flights connecting Riyadh, Jeddah, and Dammam to Hamad International Airport and Doha International Airport, with a combined total of 254,000 seats for the FIFA World Cup Qatar 2022 matches beginning November 20. "Football-loving guests...

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef met the Australian Assistant Minister of Industry for Manufacturing Timothy Ayres in Sydney.

It attracted total orders of nearly $1.7 billion.

Propelled by sectors like telecommunications and utilities, the UAE stock exchanges posted gains this week, even as the Saudi equities took a tumble, pulled down by investment and finance.

HELSINKI, FINLAND - Heading a high-level delegation to Finland, Saudi Arabia's Minister of Commerce and Chairman of the Board of Directors of the General Authority for Foreign Trade Dr. Majid bin Abdullah Al-Qasabi stressed on the need to strengthen and diversify the bilateral trade between the two countries. Al-Qasabi said...

An economic report issued by the MEP---the ministry will publish such reports quarterly on domestic and global economic updates---real non-oil GDP growth expanded by 5.9 percent. The report said the kingdom recorded growth for six consecutive quarters.

Dubai, UAE---China-UAE bilateral trade has exceeded US$64 billion during the first eight months of 2022, which marked a 27.93 percent increase compared to the same period last year, according to a top Chinese diplomat. “China has become the UAE’s largest non-oil trading partner in the world, and the UAE remained...

Ceer will design, manufacture and sell a range of vehicles in Saudi Arabia and the MENA region, including sedans and sports utility vehicles. The company, which is a joint venture between PIF and Hon Hai Precision Industry (Foxconn), will license component technology from BMW for use in the vehicle development...

Saudi fans focus less on debates around the controversial takeover of the club and more on growing their numbers through watch parties, blogs and even a podcast.

Riyadh, Saudi Arabia— ACWA Power Company of Saudi Arabia has signed an agreement with Egypt to build a 10 gigawatts project to produce electricity from wind energy in the north African country. According to the Saudi Ministry of Energy, the agreement has been reached with Egypt’s New & Renewable Energy...

Most of the GCC states have raised their key interest rates in the wake of the Federal Reserve's decision to raise its key policy rate by three-quarters of a percentage point. The two largest economies of the region, the UAE and Saudi Arabia, both raised rates by 75 basis points.

The two ministers also talked about the progress in the electrical interconnection efforts.

Helsinki, Finland— Saudi Arabia and Finland have signed an agreement to regulate air transport and start air services between the two countries. The agreement is designed to propel economic partnership and boost trade. In this connection, the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia and...

The German delegation comprised companies working in the areas of water, training, education, infrastructure, industries, constructions and innovation.

Riyadh, Saudi Arabia—Saudi Arabia has issued permits for non-oil industrial projects worth $1.1 billion in August. The licenses issued in August were for chemicals, metals, machinery, furniture, home appliances and other light-medium products. Around 115 licenses were issued for non-oil industrial projects — 20 percent higher than those issued in...

The third quarters profits were boosted by higher oil prices.

Strength this week has been driven by a continued developing tightness in the fuel product market, US exports of crude and fuels setting a weekly record, the weaker dollar as well as strong buying from China as refineries there plan to boost fuel exports through the end of the year,...

Saudi government policies like 15 percent VAT exemption on real estate deals and affordable housing programs are boosting residential real estate.

Saudi Arabia and the United Arab Emirates said the world needs to keep investing in oil production, just days before the COP27 climate summit aimed at curbing global warming. Sultan Al Jaber, the head of UAE oil giant ADNOC, warned that under-investment could cause a shock to the world economy.

The bank’s profit for the nine-month period peaked at $719m.

As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by 8.6 percent in the third quarter of 2022 compared to the same period in 2021.

The program, launched by Saudi Crown Prince and Prime Minister Mohammed bin Salman, has identified more than 800 investment opportunities worth $266bn.

It recorded $173m profit in the first nine months of 2022.

More Saudi businesses embrace engagement technologies to boost customer experience, increase RoI and enhance productivity, says Unifonic VP & MD Ibrahim A Almohaimede.

Saudi Arabia's Ministry of Industry and Mineral Resources announced that Saudi Arabian Mining Company Ma'aden and Barrick Gold Ltd alliance have obtained a license to explore the mining site of Umm al-Damar.

Riyadh, Saudi Arabia— Foreign companies will be able to obtain approval for dual listing on the Saudi market, according to Tadawul’s CEO. Mohammed Al-Rumaih told media that companies need finance to expand in particular industries, noting that the capital market aims to be the first partner to provide finance for...

Riyadh, Saudi Arabia—The stage is set for the Arab Broadcasting Festival to begin next month in Riyadh as preparations have nearly been completed for the event. President of the Arab States Broadcasting Union (ASBU) and CEO of Saudi Broadcasting Authority, Mohammad bin Fahd Al-Harithi, announced the completion of the ongoing...

Strengthening of political, economic and trade relations between China and the Gulf Cooperation Council countries during the past 15 years has also led to a cementing of cultural ties between the two powerhouses.

The secretary general of the Gulf Cooperation Council condemned remarks by Germany's interior minister on the World Cup due to be hosted in Doha. Qatar summoned Germany's ambassador to protest against comments made by Interior Minister Nancy Faeser casting doubt on whether the Gulf state should host the football World...