Riyadh, Saudi Arabia - Saudi Arabia topped the list of oil suppliers to China for the first time in four months despite a rise in Beijing’s imports from Russia, Argaam said. Saudi’s oil exports rebounded last month to 8.475 million tons, or 1.99 million barrels per day (bpd). The Kingdom...

Oil giant Saudi Aramco's chief blasted "unrealistic" energy transition plans, calling for a "new global energy consensus", including ramped-up investments in fossil fuels to address painful shortages. Speaking at a conference in Switzerland, Amin Nasser lamented a "deep misunderstanding" of what caused the current energy crunch.

The two insurance firms will have discussions on the merger.

Arab economies grew by 3.5% in 2021. The higher growth in 2022 is attributed to an improvement in global demand levels and the growth of the oil and gas sectors. Aid by Arab governments to support economic recovery is another reason for the growth, the Fund said.

Scholz, whose two-day trip next weekend will also take him to Qatar and the United Arab Emirates, becomes the latest Western leader to meet with the Crown Prince Mohammed bin Salman. In July, French President Emmanuel Macron held talks with the crown prince in Paris, and US President Joe Biden...

Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) handled record tons of volume at the Kingdom's various ports from Jan-Aug this year. Against the 187 million tons during the Jan-Aug period in 2021, Mawani said Saudi ports handled more than 212 million tons this year, an increase of 13.59 percent. Statistics during...

The global registry, Containing more than 50,000 fields across 89 countries, it found that some countries on their own held reserves containing enough carbon to blow through the entire world's carbon budget.

The Arabian Plastic will offer 1m shares at $7.19 per share.

Riyadh, Saudi Arabia— The National Development Fund (NDF) of Saudi Arabia has since March 2020 financed SAR28 billion ($7.45 billion) to aid the healthcare and education sectors, support citizens and stimulate the local economy that was affected by Covid-19 pandemic. NDF closely monitored the consequences of the pandemic and directed...

Riyadh, Saudi Arabia—From Sept 18-26, Saudi Arabia will be hosting grand celebrations to mark the 92nd Saudi National Day. Chairman of the General Entertainment Authority Turki bin Abdulmuhsen Al Al-Sheikh announced the launch of the celebrations themed “It’s Our Home”. Aerial and marine shows by jets, helicopters, civil airplanes, ships...

In a statement, issued on Saturday, it assessed the kingdom's short and long-term foreign and local currency sovereign credit ratings to A-/A-2.

Saudi Arabia has provided $1 million in assistance to the United Nations Alliance of Civilizations (UNAOC) for supporting its work plan, activities and programs.

The meeting discussed the agenda of the 48th session in addition to a number of other issues pertaining to GCC labor.

As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and Riyadh to attract investments will intensify further.

Oman Minister of Commerce along with a delegation met Saudi Arabia Minister of Industry where the two discussed industrial cooperation between the two countries.

Widespread availability of cashless payment methods and universal access to affordable internet services are major facilitators of digital transformation in the region.

Dubai, UAE: Union of Arab Banks (UAB), the apex body of the $4 trillion banking industry in the Arab World, has appointed Dubai-based CS Events, an events management company in the Middle East, as its Exclusive Strategic Partner to co-create, market and deliver its activities in the UAE and Saudi...

General Authority for Statistics said the main drivers of CPI inflation were the higher prices of food & beverages and transport, which rose by 4 percent each. The cost-of-living index for August rose to 107.61 points, according to the base year 2018, compared to 104.48 points in Aug 2021.

The Saudi Ministry of Interior and the Saudi Data and Artificial Intelligence Authority (SDAIA) have announced a strategic partnership for the purpose.

Saudi Arabia is looking to enhance wheat storage capacity in the kingdom by building new silos. Once it is done the capacity will go up to 120,000 tons.

Riyadh, Saudi Arabia - Saudi Arabia plans to establish more than 200 smart cities, Majed Al Hogail, Minister of Municipal, Rural Affairs and Housing, said. He was speaking at the second edition of the Global Artificial Intelligence (AI) Summit in Riyadh. The cities will use AI systems in numerous fields,...

The purpose of the event is to highlight the most significant advancements in the digital transformation and adoption of cutting-edge technological solutions in the sector.

PIF will pick up $1bn stake in Seera Group's travel unit.

The man, a Yemeni national, on Monday published a video clip of himself on social media at the Grand Mosque in Makkah, where non-Muslims are forbidden.

An integrated iron sheet production complex with a capacity of 1.2 million tonnes per year is one of the projects.

The strategic partnership, which initially began in 2020, brought to market a new digital GIB financing platform to ensure swift and efficient access to finance.

The UAE bourses ended the week high with help from foreign investors, but the Saudi equities took a tumble under selling pressure.

Saudi Arabia’s Public Investment Fund (PIF), the sovereign wealth fund at the heart of the kingdom’s reform plans to wean the economy off oil, will tap into international debt markets for a debut green bonds issue in a week or so.

The Islamic Development Bank (IsDB) has approved a $1.12 billion financing for development projects in various sectors in nine member countries.

With Kubernetes, regional enterprises have automated their deployment, managment and scaling of containerized applications. Since it is controlled by developers and not infrastructure teams, there is a better understanding which ultimately leads to high quality results, he adds.

The Saudi firm made $279.4bn in profit in 12 months.

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...