The world's largest producer of oil and world's most profitable company marginally overtook Apple with a market capitalization in excess of $2.4 trillion in May 2022.

RIYADH, SAUDI ARABIA - Saudi Minister of Environment, Water and Agriculture, Engineer Abdul Rahman bin Abdul Mohsen Al-Fadhli inaugurated Sunday the Aquatic Animal Diseases Network in the Middle East in the Kingdom. The inauguration took place in the presence of the Director General of the World Organization for Animal Health...

Doha, Qatar— Mexico coach Tata Martino said he was expecting a shoot-out with Saudi Arabia in their final World Cup Group C clash after defeat by Argentina on Saturday. Lionel Messi and Enzo Fernandez's strikes helped the Albiceleste win 2-0 at the Lusail Stadium, leaving the Mexicans bottom of the group...

DOHA, QATAR - Robert Lewandowski scored the first World Cup goal of his prolific career on Saturday when he netted in Poland's 2-0 win over Saudi Arabia, bursting their bubble following the team's giant-killing act against Argentina. Barcelona forward Lewandowski was almost overcome with emotion after making sure Poland took...

Turkish and Qatari official are in the final stages of talks to work out the modalities of extending the funding.

The equities had a lackluster week owing to a decline in global crude oil prices amid fears that the surge in Covid-19 infections in China, the largest oil importer, will reduce demand.

Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which rely heavily on imports, says a report.

Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen to host the World Cup. Prince Abdulaziz bin Turki Al-Faisal said the Gulf state could be a new home for Cristiano Ronaldo. He said Saudi Arabia would "definitely support" bids...

Firm said this will help bolster its presence in kingdom.

Riyadh, Saudi Arabia---Heavy rains in the Saudi coastal city of Jeddah on Thursday delayed flights, forced school suspensions and closed the road to Makkah, Islam's holiest city, state media reported. Jeddah, a city of roughly four million people positioned on the Red Sea, is often referred to as the "gateway...

Riyadh, Saudi Arabia---Saudi Arabia has deposited 891 million riyals in subsidy to the beneficiaries of a housing program, Iskan, aimed at raising the percentage of homeownership to 70 percent by 2030 under the kingdom’s Vision 2030 transformation initiatives. The subsidy for the month of November was deposited into the accounts...

Fintechs remain popular with investors mainly due to their scalability, rapid market growth and dependency of people on technology, says Theresa Doan of SEE Institute.

Raising capital, in general, has become difficult for startups in wake of global and regional issues but the Kingdom is in better position, says Nomow's Sumaya Ali Algabbass.

Doha, Qatar---Saudi Arabia pulled off one of the greatest upsets in World Cup history on Tuesday, roaring back to beat Lionel Messi's Argentina 2-1 and set the tournament in Qatar alight. Copa America champions Argentina came into the match on a 36-match unbeaten streak and appeared to be on their...

In recent days, Messi has twice trained apart from the rest of the squad but he moved to dispell any concerns amongst Argentines that he might not be fit for Saudi Arabia. Argentina head into the tournament as Copa America holders and unbeaten in 36 matches dating back to 2019....

The "categorical denial" has come after the Wall Street Journal reported on Monday that Saudi Arabia, which co-leads the OPEC+ group along with Russia, and other members were considering an "increase of up to 500,000 barrels a day". The next OPEC+ meeting is scheduled for December 4.

The kingdom has long been obsessed with football, but interest in playing -- not just watching -- has surged in recent years amid a government push to promote physical activity.

Fireworks, cultural performances add to the grand opening ceremony attended by regional leaders, heads of delegations and sports panels and federations, diplomats and fans.

Riyadh, Saudi Arabia - A Saudi real estate firm has partnered with the Trump Organization on a $4 billion golf and real estate development project in neighboring Oman, according to a stock market filing published Sunday. The deal involving the Dar Al Arkan Global Company, a subsidiary of Dar Al...

Riyadh, Saudi Arabia---Saudi Arabia’s General Authority for Ports (Mawani) Sunday announced a new freight service, at the King Abdulaziz Port in Dammam in cooperation with the Saudi International Ports Company. The service connects King Abdulaziz Port with six major regional and international ports: Qingdao, Shanghai, Ningbo, Nansha, Jebel Ali and...

When FIFA announced the deal for direct Israel-Qatar flights on November 10, it claimed that "Palestinian ticket holders and media" would be "able to travel on these chartered flights with no restrictions."

Saudi equities rose on November 13 but the index fell during the rest of the trading days. UAE stocks started on a downward trend but finished the week higher.

The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as energy and tourism and fight corruption.

Saudi retail tranche remains unchanged at 10 percent.

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) won an award at the ninth edition of the Maritime Standard Awards. The awards is an annual industry event that felicitates top performers in the shipping, ports, and related sectors spanning the Middle East and the Indian Subcontinent. The award crowns...

Saudi officials are putting on 240 weekly flights linking the kingdom to Qatar, up from six normally, and easing overland travel during the tournament, Tourism Minister Ahmed Al Khateeb told AFP last month.

Among the agreements was Saudi investment for South Korean refiner S-OIL's Shaheen project, which would build petrochemical production facilities in South Korea worth $6.7 billion, according to the office of President Yoon Suk-yeol.

The regional economies -- set to expand by 6.9 percent in 2022 -- may moderate to 3.7 percent and 2.4 percent in 2023 and 2024 respectively, says a World Bank report.

The two leaders discussed mutual ties, including the agenda of the summit. 

The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Summit.

Mohammed bin Salman left Monday for the Group of 20 summit in Bali, Indonesia. The official Saudi Press Agency said the trip would include "a number of Asian countries", though officials have not yet confirmed details of the itinerary.

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.