Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) and the Saudi Information Exchange Company (Tabadul) signed an MoU to develop new port community management systems. The MoU aims to achieve the expansion of services provided in Saudi ports and doubling their number from 46 to 150 besides. It also aims at enabling...

GCC markets had a mixed week as Saudi stocks powered by the banking and commodities retail sectors posted gains, while the UAE stocks tanked, ending the weeks with losses.

A day before the UN-mediated truce is to expire, Houthi rebels have warned that the ceasefire in Yemen is at "a dead end". The temporary ceasefire that took effect in April has allowed for some humanitarian measures as the warring sides have by and large adhered to the truce.

The kingdom will need an investment of $35.6bn for nearly 20,000 new hospital beds by 2030, according to Colliers. High land costs can be an impediment to realizing the goal.

The OPEC+ oil cartel will meet in Vienna next week for the first time since Covid curbs were introduced in 2020, the organization said.

Saudi Arabia is expecting to record an increase in its budget surplus in 2022 to S24 billion, according to the kingdom's Minister of Finance. The top oil exporter of the world is hoping to see its GDP grow by 8 percent, and it expects inflation to be around 2.6 percent.

Saudi Arabia is expected to generate an annual income of $32 billion from recycling waste by 2035, according to the minister of environment, water and agriculture.

The Saudi utility now boasts of $67bn investment portfolio.

A TRENDS poll on Twitter revealed that 43.9 percent of voters preferred real estate, followed by technology at 37.4 percent.

The two sides reviewed the growth of bilateral trade, and the volume of the commercial partnership.

Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a boost in the last quarter of this year, according to a latest report.

The average price of a barrel of Brent crude oil is expected to be $101 in 2022 and $84 in 2023. However, Brent oil prices may fall to $75/b by 2025 and $70/b by 2027, says a report.

The CMA has approved an application from Power and Water Utility Co. for Jubail and Yanbu to register and sell 73.09 million shares, or 29.24 percent of equity, on the Saudi Exchange.

Saudi Arabia has for years sought to quell speculation over the health of the 86-year-old king, who has ruled the world's top oil exporter since 2015. King Salman has been hospitalised twice this year, most recently a one-week stay in May that involved tests including a colonoscopy, according to state...

Riyadh, Saudi Arabia - Saudi Minister of Tourism Ahmed bin Aqeel Al-Khatib said more cooperation is a must for sustainable future in tourism in G20 nations. It includes facing issues spawned by the Covid pandemic, taking collective action for renaissance of the tourism sector and partnerships between private and public...

According to the report, the number of foreign tourists visiting the kingdom has surged 121 percent from January to July 2022.

Saudi Arabia's unexpected role in brokering the release of foreign fighters detained in Ukraine was just the latest example of how the kingdom is seeking to bolster its international standing, diplomats and analysts say.  It also enables Riyadh to argue that preserving ties with Moscow -– a source of tension...

It will collaborate with Invest Seoul Agency for the venture.

The projects, whose total capacity reaches 3,300 MW, includes three which will utilize wind energy and two which will use solar energy.

The Saudi tech firm has set the price at $19 per share.

A Moroccan prisoner of war released as part of an exchange between Moscow and Kyiv said he wanted to draw attention to the "struggle" of Ukraine as he returned home.

As part of the deal, the UAE will provide "an LNG cargo for delivery in late 2022, to be used in the commissioning of Germany’s floating LNG import terminal at Brunsbuettel", a North Sea port. UAE state oil company ADNOC completed its first ever direct diesel delivery to Germany earlier...

Riyadh, Saudi Arabia--Saudi Arabia has launched five new projects to produce electricity using renewable energy, which is part of the fourth phase of the projects of the National Renewable Energy Program. Saudi Press Agency said that Saudi Energy Procurement Company (the main buyer) launched the projects for competition. The financial...

The company has set a price range of $18 to $21 per share.

Out of 150,000 marriages registered in 2020 in Saudi Arabia, some 4,500 were unions involving a Saudi and a foreigner, which require a special permit, according to the Saudi statistics authority.

German Chancellor Olaf Scholz arrived in Saudi Arabia at the start of a two-day Gulf tour, in the hope of sealing new energy deals with the fossil fuel exporters. Scholz, accompanied by a sizeable industry delegation, was received at Jeddah airport by Mecca region's governor Prince Khalid bin Faisal Al...

Chairman of the Board of Directors of General Entertainment Authority (GEA) on September 17 launched the nine-day celebrations under the slogan, ‘This is our home’.

The value of non-oil exports from the UAE to Saudi Arabia over the past ten years was around AED205.5 billion, while re-exports were valued at AED471.7 billion, and imports at AED227 billion.

Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at Boston University in the United States.

The sources told Reuters that the deal was signed privately earlier this year with Houston’s Axiom Space.

The PUBG Mobile tournament was part of Gamers8, a summer festival spotlighting Saudi Arabia's emergence as a global eSports dynamo -- one that officials hope can compete with powerhouses like China and South Korea. Much like with Formula One and professional golf, the world's biggest oil exporter has in recent...

It aims to set up a fleet of 50 aircraft in the kingdom.

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.