Kingdom Holding Co. posted $1.7 billion profit in H1.

Lebanon will start an investigation into an audio recording that threatened to attack the embassy of Saudi Arabia in Beirut. In this connection, the interior ministry of Lebanon has ordered the arrest of people guilty of making threats, and also revealed that a Saudi national was likely the man who...

Saudi Arabia’s merchandise exports during June 2022 increased by more than 75 percent to 148 billion riyals ($39.37 billion) compared to 84 billion riyals during June 2021. Saudi Arabia’s General Authority for Statistics (GASTAT) said the value of oil exports during June 2022 amounted to 118 billion riyals, compared to...

With the new legal framework, the Ministry of Tourism will have greater control of the quality of tourism services offered within the kingdom.

The Saudi travel group saw its loss fall to $35m in H1.

Largest Saudi retailer posts a 31% dip in H1 profit to $28.80m.

The ‘City of Fog’ in Saudi Arabia’s rugged south is a prized destination for many in the kingdom looking to escape the sweltering summer heat of up to 50 degree Celsius.

The developer's profit rose to $4.3m, after last year's loss.

Only five football clubs in the region — Al-Fateh, Al-Hilal and Al-Faisali of Saudi Arabia, as well as Morocco's Al-Wydad and Nahdet Berkane —have reported budgetary excess.

Prince Abdulaziz bin Salman said in an interview with Bloomberg that OPEC+ has the commitment, the flexibility, and the means within the existing mechanisms to deal with such challenges, including cutting production at any time. He said that the volatility and thin liquidity send erroneous signals to markets at times...

The news of the loss of $6.4m in H1 led to a slide in firm's stock.

Raya CX will provide outsourcing services to Zain Saudi Arabia.

The Saudi utility firm's sales however surged to $8.80bn.

It will proceed with an IPO of 20 percent of its capital on Nomu.

GCC countries are accelerating economic integration by activating the financial links between companies, banks, and stores to make life smoother for citizens and residents.

It raises Saudi low-cost airline's fleet strength to 26.

High pilgrim traffic caused revenue to go up to $104.34m.

Days after disclosing it had signed a $2.65 billion equity purchase agreement with Valvoline Global Products, Mohammed Y. Al-Qahtani, Aramco’s downstream senior vice president, told media that the oil giant will complete the buyout of Valvoline in early 2023.

Though GCC markets witnessed an IPOs rush in the first half of 2022 due to the rising investment interest, the future is not comforting for the rest of the year, says an expert.

Despite a 3.9 percent increase in the food and beverage sector and a generally mixed week for the Saudi Stock Exchange, trading finished on Friday in the red.

The Kingdom of Saudi Arabia has progressed in the education, research, and innovation indicators per the World Competitiveness Yearbook 2022 report, issued by the Global Competitiveness Center of the International Institute for Management Development (IMD).

The company, in a statement, said it exported two meat shipments to Egypt in March and July.

Twelve new service and collision repair centers will be set up in Saudi.

This is the second largest mortgage refinancing deal in the kingdom.

Saudi Arabia and Uzbekistan have signed an agreement to develop cooperation and exchange information and experiences in all fields of energy though research and studies besides working on exchanging policies and laws related to these. The agreement was signed by the acting Minister of Energy Dr. Essam bin Saad bin...

The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan.

There are 3,010,679 tickets available altogether, with FIFA saying a "last-minute" sales period will open in the run-up to the start of the tournament at a date still to be confirmed.

More than 71 varieties of dates were on display in the auction arena of the Food City during the Onaizah International Dates Season, which is organized by the Chamber of Commerce in Unaizah in partnership with the Onaizah Municipality and the office of the Ministry of Agriculture, Environment and Water...

The retailer said the profit soared due to growth in sales.

The gold and jewelry sector in Saudi Arabia has recorded a 36 percent growth in sales as the economy shows signs of recovery

GCC countries have witnessed financial surpluses in their budgets for the first time in a long time on the back of increase in oil prices, strengthening their credit ratings.

The government's Vision 2030 reform programme, designed to reduce the kingdom's dependence on oil, has also given the economy a boost as more Saudis join the workforce, particularly women, the IMF said.

Travel recovery witnessed in the UAE and Saudi Arabia has been very strong, according to a survey of nearly 2,000 travel enthusiasts conducted by Collinson.

The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares of Alphabet.

ACWA Power Company will join hands with Uzbekistan in order to enter into  a $2.4 billion deal for a 1,500-megawatt wind project, a bourse filing disclosed.

The healthcare company saw its profit vault to $40m in H1.

The Saudi firm posted a 73% fall in profit to $14m in H1.

Iraq plans to establish free-trade zones adjacent to Baghdad and Najaf airports and another one near the Iraqi-Jordanian border, which is part of a joint economic city and one of the most important future projects. The country is also working to open free-trade zones near the Iraq-Saudi Arabia border.

The new ACH160 is one of the world’s most technologically advanced helicopters with a new rotor blade design that results in significantly reduced noise, according to a statement posted on LinkedIn.The company will obtain six new ACH160 helicopters, with the first being set to join the fleet early in 2023.

The agriculture output in 2017 was estimated at $17.41 billion, around $17.48 billion in 2018, and $17.65 billion in 2019, and $18 billion in 2020.

Bahrain and Saudi Arabia have discussed ways to enhance technical cooperation in the areas of job localization programs and labor market regulation, as well as plans to integrate job seekers and develop human resources. The discussion took place during a meeting between Bahrain’s Minister of Labor and Chairman of the...

The Group is planning a new acquisition in Egypt.

Saudi Arabia’s inflation rose to 2.7 percent in July 2022 compared to June, according to the General Authority for Statistics (GASTAT). Cost-of-living index for July rose to 107.20 points, according to the base year 2018, compared to 104.41 points in July 2021. The inflation is measured by the change percentage...

Saudi Arabia’s Real Estate Development Fund has signed more than 58,000 financing contracts for the kingdom’s various housing support programs during the first half of 2022. Mansour bin Madi, CEO of the Real Estate Development Fund, said one of the goals of the kingdom's transformative Vision 2030 is to raise...

The 89.49% stake in Giza Systems will cost it $158m.

The study highlighted how the government sector in the kingdom has almost completely converted to electronic payment methods for all outward payments to individuals, business establishments or other government agencies.

Real GDP increased at a growth rate of 11.8% in Q2 2022, driven by the significant increase in oil activities by 23.1% while the non-oil activities increased by 5.4%

The profit fell to $5m in HI due to rising cost of raw materials.

The Saudi Central Bank (SAMA) said a study revealed that electronic payments increased from 44 percent in 2019 to 62 percent of all payments by volume in 2021.

The jump in profit was driven by growth in sales of dairy.