Almost two months before the start of World Cup, Qatar put the $675 million stadium, the venue for the final, through its first sellout test with a match between the Egyptian and Saudi champions. The 80,000 capacity Lusail Iconic Stadium was full for the pre-match concert by Egyptian superstart Amr...

Egypt, Greece and Saudi Arabia are in talks to jointly host the 2030 World Cup football tournament, an Egyptian official said Friday in televised remarks. "The three countries are working flat out" and "the application to organise (the 2030 World Cup) is being studied", sports ministry spokesman Mohammed Fawzi told...

The UAE ranks highest among GCC economies and 12th overall in the first edition of the Circular Carbon Economy Index that focuses on energy management of the countries.

Riyadh, Saudi Arabia-- The Future Investment Initiative Institute said Thursday two of its major events will be held in September and October---its flagship event in Riyadh from Oct 25-27 and PRIORITY summit in New York on Sept. 22. The PRIORITY will be held on the sidelines of the 77th session...

Egypt is to establish a licensing framework for digital entertainment platforms like Netflix that will require them to conform to the majority-Muslim country's "social values," the regulatory body said. The announcement late Wednesday comes just days after Saudi Arabia and its Gulf neighbours asked Netflix to drop content that conflicted...

King Abdulaziz University achieved 4th place globally with 187 patents in one year.

The bank offering will be denominated in Saudi riyals.

Riyadh, Saudi Arabia---Saudi Arabia's National Development Fund has announced a program to fund the games and electronic sports sector with 300 million riyals ($89 million) in a bid to increase its contribution to the GDP by creating new job opportunities. The program will be launched by the end of this...

TruKKer is one of the region’s largest online trucking aggregator.

The real gross domestic product (GDP) of Saudi Arabia has jumped 12.2 percent in the second quarter of 2022, exceeding the government estimate of 11.8 percent. The kingdom, the world’s top oil exporter, has richly benefited from high crude prices and a significant post-pandemic recovery.

The Abu Dhabi fund will buy it from SoftBank for $2bn.

Riyadh, Saudi Arabia -Saudi Arabia has approved the establishment of duty-free markets, when necessary, at air, sea and land ports and on-board ships and aircraft. The kingdom's Zakat, Tax and Customs Authority (ZATCA) had invited the public to express their opinion on the draft Free Market Rules through “Istitlaa” platform...

Riyadh--Saudi Arabia and neighbouring Gulf countries on Tuesday accused streaming giant Netflix of broadcasting content that "contradicts Islamic and societal values" and threatened legal action if it was not removed. A statement issued jointly by the Saudi media regulator and the six-member Gulf Cooperation Council, headquartered in Riyadh, did not...

A delegation from Saudi Arabia's Royal Commission for AlUla (RCU) visited Petra on Tuesday to advance cooperation between the two kingdoms in tourism.

Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the world’s fastest-growing economies this year, says expert.

The move could irk the United States as it has pressed the group to increase output in order to bring down energy prices that have fuelled decades-high inflation. OPEC+ had agreed to huge cuts in output in 2020 when the Covid pandemic sent oil prices crashing, but it began to...

A seminar organized at the film festival discussed the kingdom's cash rebate program, which is aimed at attracting international producers to Saudi.

The National Center for Government Resources Systems (NCGR) launched its comprehensive strategy (2022-2025).

Riyadh, Saudi Arabia—Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha'at), has signed a cooperation agreement with Aramco’s Center for Entrepreneurship (Wa'ed), to develop entrepreneurship in the Eastern Province. The two sides will provide shared office spaces, financial grants, and business development and mentorship programs to enable SMEs to...

Faced with a bleak global economic outlook, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday. The 13 members of the OPEC cartel, led by Saudi Arabia, and their 10 partners, led by Russia, are meeting to adjust their quotas for...

The food delivery platform saw rise in orders on its app in H1.

The Public Investment Fund has launched a new company aiming to digitize and develop the local real estate sector through a comprehensive digital platform.

According to the Ministry of Education, the learning cities project is implemented in partnership between its Continuous Education Department and Yanbu Royal Commission.

Based on June data of Saudi and UAE central banks, the aggregate assets of Saudi banks (3.529.1 trillion) exceeded those of UAE peers (AED 3.449.2 trillion) for the first time since 2007, taking into account the official exchange rate of AED 1 equals SAR 1.02.

The import of plastic products into Saudi Arabia has shot up 18 percent to 456,000 tons in the second quarter of the current year as against 386,000 tons during the same period of last year.

Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian city of Bali.

The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier to visit the oil-rich kingdom.

Inflation-fighting measures, such as hiking rates and removing stimulus, was the main driver behind the recent correction in commodities that are likely to weather headwinds from an economic slowdown with supply of key commodities being equally challenged, he adds.

Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in business environment in the Kingdom.

Riyadh, Saudi Arabia--SABIC, BASF and Linde have begun work on the construction of the world's first model of an electrically heated steam cracking unit. The new technology relies on the use of electricity from renewable sources instead of natural gas, which can reduce carbon dioxide emissions from one of the...

ACC won the $115m contract to build a hotel in Madinah.

The facility will be available for the holders of the "Hayya" card issued by FIFA World Cup Qatar 2022, which is reserved for ticket holders and used to access Qatar during the tournament being held from November 20 to December 18.

Saudi Arabia has seized over 700 million narcotic pills that entered its territory via Lebanon in the past eight years, its ambassador to Beirut said Tuesday. The kingdom suspended fruit and vegetable imports from Lebanon in April last year, accusing it of inaction after seizing millions of captagon amphetamine pills...

It bought 51% stake in Innovative Care for $57 million.

The Saudi pharma firm intends to use the capital for growth.

The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

Riyadh, Saudi Arabia: Riyadh will host the second edition of the Global Artificial Intelligence Summit from 13 to 15 September, the largest international AI event, with the participation of global policymakers and heads of technology, communications, and investment companies. The Summit, themed “Artificial Intelligence for the Good of Humanity,” is...

Riyadh, Saudi Arabia: The number of small and medium enterprises (SMEs) in Saudi Arabia increased by 25.6 percent to 892,063 in the second quarter of 2022, compared to the fourth quarter of 2021, the General Authority for Small and Medium Enterprises (Monsha'at) has said. The Riyadh region accounted for 35.4...

For the first time in more than five years, assets of Saudi Arabia's central bank have shot up to $535 billion, according to data shared by the central bank on its website.

International delegates are meeting in Riyadh from August 28-31 to discuss the future of global digital communications ahead of International Telecommunications Union’s 2022 Plenipotentiary Conference in Bucharest Romania from 26 September-14 October. Hosted by Saudi Arabia’s digital regulator, the Communications & Information Technology Commission (CITC), the Preparatory Meeting will help...

Saudi Arabia harbors more than 33 million palm trees planted in more than 123,000 agricultural properties in 13 administrative regions,

After a nervous start to the week, the big stocks of the GCC, Al-Rajhi Bank, Retal Urban Development Company, and Emaar, boost the Saudi and the UAE markets, posting gains all around.

Despite ease in the measures set to combat the COVID-19 pandemic, electronic payments in the Gulf countries surged more than cash transactions in several other Arab countries.

Saudi Arabia and Malaysia discussed cooperation in food security and the promotion of the private sector to benefit from investment opportunities in both the countries. Saudi’s Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli met in Riyadh with Malaysia’s Minister of Agriculture and Food Industries Ronald Kiandee....

Saudi ports have witnessed a growth in car imports during the first quarter of 2022, amid an increase in cargo throughput tonnage, official statistics showed in April.

It's crucial to identify the right working model to fix the challenges of digital transitions in the GCC, Nick Curran, Business Development Manager at Endava, tell TRENDS.

The Saudi Arabian Mining Company, Maaden, Thursday signed four memoranda of understanding with Indian fertilizer companies to supply phosphate and ammonia products, and to discuss ways to enhance joint cooperation in various fields of growth, technical development of specialized products, agricultural engineering and logistical solutions. These agreements aim to contribute...

The move comes as Qatar, which has a population of 2.8 million, tries to accommodate an expected 1.2 million visitors during the November 20-December 18 World Cup, and as Saudi Arabia ramps up efforts to attract tourists.

Customs clearance assistance is part of the agreement.

The Saudi food company's revenue shot up to $21.33m.