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.

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.