The real estate sector in the Gulf region is set to accelerate in the second half of the year as regulations effectively mitigate the market cycle swings, especially during inflation.

Saudi Arabia's Public Investment Company (PIF) has established a new company in Egypt to drive investment in the north African country. The company will look to take advantage of economic growth in the region within sectors seen as 'promising.'

Recent strategic Saudi-French partnership deal becomes crucial as Paris, with its expertise in key sectors, may help the Kingdom in achieving the goals set under Vision 2030.

Three years in the making, the exhibition features work by academics and artists from 20 countries. It incorporates centuries-old artifacts to modern-day drone footage.

Saudi Arabia’s Ministry of Investment has signed a memorandum of understanding with Alstom, which specializes in the sustainable and smart transportation sector, to explore investment opportunities in the transport sector and localize the manufacture and maintenance of trains. The MoU also entails Alstom to establish its regional headquarters in the...

Despite being among the world's top crude exporters and the largest Arab economy, Saudi Arabia has failed to balance its books since the 2014 oil price slump, forcing the Gulf state to borrow to make up for shortfalls. In the second quarter of 2022, Saudi Arabia earned more than it...

GCC countries will witness a rise in their wealth between 2021 and 2026 after two years of challenging time due to the Covid-19 pandemic, a BCG report points out.

Its stock fell after it posted a drop in profit to $114m in H1.

This latest collaboration builds on existing joint ventures between the two companies.

Saudi Arabia will see a boom in construction of hotels in 2023, with some 63,753 to be available for guests next year.

Due to an improvement in business conditions in July, Saudi Arabia has posted a strong growth in job numbers in the non-oil sector, according to the latest Purchasing Managers Index data report from S&P Global.

After cutting production in 2020 in response to falling prices during the Covid pandemic, OPEC+ began to modestly raise it last year and has renewed the policy every month.

More than 45 types of dates have been placed at the auction grounds at the Buraidah Dates Festival, which began on Sunday in Buraidah, the city of dates. The auction yards also witnessed the arrival of more than 3000 thousand cars and 950 tons of dates within three days, and...

The Saudi Telecom Co. will pay $532m in quarterly dividend.

After cutting production in 2020 in response to falling prices during the Covid pandemic, OPEC+ began to modestly raise production last year and has renewed the policy every month. Its output is supposed to have returned to pre-Covid levels -- but only on paper as members of the 23-nation group...

Two weeks after US President Joe Biden made the visit to the Middle East, Saudi Arabia and the UAE will receive billions of dollars worth missile defense systems from the US to shoot down incoming enemy missiles or aircraft. The kingdom has been attacked by missiles fired by Houthi rebels...

The Saudi oil giant acquired the company for $2.65bn.

Qatar announced Monday that the club champions of Saudi Arabia and Egypt will inaugurate the Lusail stadium to be used for the World Cup final on September 9.

The Kingdom has for several years imported Russian oil, which helps to reduce its need to refine crude for products and cut the amount of oil it needs to burn for power, leaving it with more unrefined crude to sell in globally at higher prices. In 2021, it imported 1.05MT...

The Next World Forum, an esports and gaming forum that will bring together sector leaders and experts from around the world, will be held in Riyadh from 7 to 8 September 2022. The forum will be held at the Four Seasons Hotel in Riyadh, where the global gaming and esports...

Diminished leverage in the Gulf region makes Washington a less compelling partner than it once was, says Chas W Freeman, Former US Ambassador to Saudi Arabia.

The four-day Grape and Seasonal Fruit Festival began in Asir region of Saudi Arabia on Sunday. The festival will be attended by 35 farmers who will display the products of their own farms, such as numerous varieties of grapes and several types of pomegranate fruits, peaches, ferax and berries. The...

Saudi General Authority of Civil Aviation (GACA) signed a Memorandum of Understanding (MOU) with Poland to organize the operational framework for air transport between the two countries.

Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year, according to initial "flash" estimates published by the General Authority for Statistics. The Middle East's largest economy has benefited from a spike in oil prices and has resisted appeals from Western...

Saudi Arabia and the UAE have supplied around 80 percent of Japan's oil demand for the month of June, followed by Qatar and Kuwait with 14 percent each, taking Arab share to 94.7 percent.

Mohammed bin Salman's recent Europe visit after US President Joe Biden’s trip to Jeddah suggests that KSA wants to diversify its partners amidst global uncertainties, say experts.

The countries discussed working papers on global best practices on a number of issues related to the work of the committee.

French President Emmanuel Macron on Thursday warmly welcomed Saudi Arabia's Crown Prince Mohammed bin Salman for talks in Paris, with the two men enjoying a warm handshake that they emphasised by using all four hands. Prince Mohammed arrived in France following a visit from US President Joe Biden to Riyadh...

Strategic partnership remains in focus as Mohammed bin Salman leaves France after heading a wide-ranging talks along with French President Emmanuel Macron in Paris.

The International Monetary Fund (IMF), in its World Economic Outlook, 2022 said that the Saudi economy will register a 7.6 percent growth rate this year. This would be the highest growth rate among advanced, emerging market and developing economies.

The Chateau Louis XIV in Louveciennes outside Paris is a new-build mansion, which was bought by Mohammed bin Salman in 2015.

French President Emmanuel Macron is hosting Saudi Arabia's Crown Prince Mohammed bin Salman for talks in Paris on Thursday. The meeting will be seen as one more sign of Prince Mohammed’s rising global profile after US President Joe Biden met him earlier this month.

The agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture.

A global survey conducted among 2,100 IT Security Decision Makers (ITSDMs) reveals that 60 percent of respondents believe their organizations overall security strategy does not keep pace with the threat landscape.

A power cable between the Kingdom and Greece to provide Europe with 'cheaper renewable energy' is one of the several upcoming bilateral projects between the two countries.

Mohammed bin Salman, who is visiting Greece and France, will meet the leaders of both countries 'to discuss bilateral relations and ways to enhance them in various fields'.

Crown Prince Mohammed bin Salman bin Abdulaziz, and Chairman of the NEOM Board of Directors, Monday announced the designs of THE LINE, a civilizational revolution that puts humans first, providing an unprecedented urban living experience while preserving the surrounding nature.

Saudi Ministry of Energy has put forward renewable energy projects with a production capacity of 7.1 gigawatts (GWs), which are now in various stages of completion, media reports said, quoting S&P Global. An additional 15 GWs are expected in 2022 and 2023, the agency cited the ministry as saying. The...

The Kingdom of Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021, the General Authority for Statistics (GASTAT) revealed.

Saudi Arabia's  Center for Attribution and Liquidation "Infath" will auction quality real estate in Riyadh on  August 1, a media report said. The auctions offer 14 industrial real estate assets in eastern Riyadh, with large total areas estimated at more than 80,000 square meters. The real estate consists of three...

Saudi Arabia will pour in $5 billion in the poultry industry in order to boost production as the kingdom looks to achieve  self-sufficiency in the sector. The Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley said that in targeting 1.3 million tons of broiler chickens per year, the ministry...

An increasing number of strategic agreements are being signed with the regional players as Europe, US seek to diversify sources of energy supply, says an expert at IRIS

A Joint Operations Center for Saudi Banks tasked with following up and monitoring cases of financial fraud that bank customers may be exposed to has been inaugurated by Saudi Central Bank Governor (SAMA) Dr. Fahd bin Abdullah Al-Mubarak. The center brings together all Saudi banks under one roof to improve...

About 30 percent of Saudi residents practiced a physical activity for at least 150 minutes per week in 2021, compared to 20 percent in 2019, according to the General Authority for Statistics (GASTAT). This increase indicates an improvement in the community's awareness towards practice of sport and physical activity, media...

The acquisition made through Ataa subsidiary.

The company’s shares will also reduce from 25 million to 10 million.

The Kingdom has allocated $5.3bn to deal with the fallout of rising global prices, with half of the fund going to social insurance beneficiaries and the Citizens' Account program.

It will be a public meeting, (unlike) previous encounters that were held privately at a low level between intelligence and security officials, said Iraqi foreign minister Fuad Hussein.

The General Authority for Military Industries led and organized the Saudi pavilion under the slogan "Invest in Saudi."

The Saudi region is rich in history that has been shaped by successive civilizations spanning more than 200,000 years.