Saudi Arabia has seen a staggering increase in the award of construction contracts to the tune of  $12.3 billion in the first quarter of 2022.

Saudi Arabia will automate some 4,000 factories in order to enhance competitiveness, efficiency and quality of industry.

The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion in economic and trade relations between the two sides.

Local architects and engineers say such features have become a hallmark of renovation and newly-built projects across the capital Riyadh.

Saudi Arabia and Jordan explored enhancing security cooperation in border security, developing human resources and training, and exchanging experiences. Border Guard officials of Saudi Arabia and Jordan discussed it in the 11th meeting held between them at the headquarters of Jeddah Academy of Maritime Sciences & Security Studies. Saudi Arabia's...

A SAR 1.5 billion ($399 million) hospitality investment fund that will advance lifestyle hotels in Saudi Arabia will be set up by the Tourism Development Fund (TDF) in partnership with Ennismore and Al Rajhi Capital. Ennismore is the world’s largest and fastest-growing lifestyle hospitality company and Al Rajhi Capital, an...

Moody’s has projected the economy of Saudi Arabia to post growth rate of around 3.9 percent from 2022 to 2026.

Venture capital investments in Saudi Arabia have posted a staggering 244 percent increase to $584 million in the first half of 2022.

The US president could not dispel the view that the Washington is no longer a reliable ally and he also failed to connect at a personal level with the young GCC leaders, say experts.

Investments in Saudi startups grew by 244 percent to a record high of SAR 2.19 billion ($584 million) in the first half of 2022 compared to the same period in 2021. In fact, the investments in the first half of 2022 surpassed the total investments in 2021, according to a...

A center for manufacturing composite materials will be set up in Riyadh.

Most stocks fell Tuesday after a Wall Street sell-off fueled by fresh recession worries following a report that Apple planned to ease back on spending due to uncertainty over the economic outlook. While some are predicting inflation may have reached its peak, oil prices continues to hold its strength, despite...

Iran's supreme leader has pardoned or commuted the sentences of more than 2,200 prisoners, including some on death row, to mark two important Muslim feasts, official sources said Sunday.

The Kingdom is stepping forward and allowing the private firms to invest in healthcare infrastructure, Sandeep Sinha, Head of Healthcare Consulting - MENA at JLL, tells TRENDS.

Saudi Arabia announced joining Artemis Accords, affirming its commitment to sustainable space exploration guided by a common set of principles that promote the beneficial use of space for all of humanity.

Iraqi Prime Minister Mustafa Al-Kadhimi said the Middle East has been affected by climate change, water crisis, dangers of desertification, health challenges such as the COVID-19 pandemic and called for joint efforts to confront them.

Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih said that the Saudi-US and GCC-US summits, in the presence of Jordan, Iraq and Egypt, strengthens the solid relations and strategic partnership that exists among them.

On issues ranging from energy prices to human rights and Israel's role in the region, Biden could point only to small -- if any -- gains after four whirlwind days of meetings and speeches. There was no progress on the moribund Palestine peace negotiations.

In a joint statement following the summit -- attended the GCC member states, Jordan, Egypt, Iraq and the US -- the leaders also vowed to enhance regional cooperation and integration, and build joint projects to achieve sustainable development and collectively address the climate challenges.

Saudi Crown Prince Mohammed bin Salman warned that unrealistic policies to curb emissions could fuel inflation, as he chaired a summit bringing together Arab leaders and US President Joe Biden.

The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from five to 10 years and it will be applicable from August 1, 2022.

A multinational peacekeeping force will leave a strategic Red Sea island by the end of the year, the White House said Friday, potentially boosting opportunities for future contact between Saudi Arabia and Israel. "International peacekeepers, including US troops, will leave Tiran island in the Red Sea where they've been for...

Inflation in Saudi Arabia jumped to 2.3 percent, in June, from 2.2 percent in May, driven by a rise in food and beverages prices. “Food and beverages prices were the main drivers of the inflation rate in June 2022 due to their high relative importance in the Saudi consumer basket...

A joint communiqué, issued after US president's meetings with King Salman and Crown Prince Mohammed bin Salman, outlines the strategic alliance between the two countries.

US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia, the final stop of his Middle East tour. The meeting in Jeddah will bring together leaders of the six-member Gulf Cooperation Council as well as Egypt, Jordan and...

The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.

Joe Biden -- the first US president to fly directly from Israel to Saudi Arabia -- met Saudi King Salman before participating in a "working session" headed by Prince Mohammed

As US President Joe Biden visits the Middle East this week, one issue on the table will be the status of two small Red Sea islands that are uninhabited but of key strategic value. Resolving the tricky status that stems from their location and turbulent history would help build trust between...

On February 14, 1945, the two countries' partnership is sealed during a historic meeting between king Abdel Aziz bin Saud and president Franklin D Roosevelt.

Saudi Arabia announced Friday it was lifting restrictions on "all carriers" using its airspace, an apparent gesture of openness towards Israel ahead of US President Joe Biden's arrival. The US leader welcomed the "historic" decision, the latest conciliatory move by Riyadh concerning the Jewish state.

King Abdullah greeted Bush warmly at the airport in May 2008, showing no signs of the tensions that had roiled their 2002 meeting at Bush's Texas ranch.

Despite the recent signs of a US-Saudi rapprochement, analysts say it is improbable Riyadh will agree to diplomatic ties with Israel.

The US will use "all elements of its national power" to stop Iran from acquiring nuclear weapons, President Joe Biden pledged in a security declaration signed with Israel on Thursday. In the document inked by Biden and Israeli Prime Minister Yair Lapid in Jerusalem, the two countries "reaffirm the unbreakable...

Saudi Arabia has reported a 16 percent increase in cargo volumes to 27.1 tons in June 2022, according to the latest release by the Saudi Ports Authority, also known as Mawani.

Israeli journalist Yoav Limor's freindly experience in Saudi hints at changes in Saudi public opinion that officials hope could one day lay the groundwork for a formal bilateral ties.

Air Force One will make a first direct flight from Israel to Saudi Arabia amid efforts to build ties between the Jewish state and the Gulf kingdom, which does not recognize Israel's existence. The trip is seen as part of efforts to stabilise oil markets by re-engaging with major energy...

Israel hopes US President Joe Biden's Middle East tour will hail the start of diplomatic ties between the country and Saudi Arabia, a senior Israeli official said Tuesday.

US President Joe Biden lands in the Middle East on Wednesday for a trip that will see Israeli leaders urge tougher action against Iran, before a delicate stop in Saudi Arabia. The 79-year-old president's visit to Jeddah on Friday will be the focus of the tour.

Rising cyber attacks on network infrastructure in countries across the world, which pose a significant threat to the economies of these countries, will be the focus of the 10th edition of MENA Information Security Conference (ISC) 2022 in Riyadh in September this year. MENA ISC is one of the most...

Guyana has pledged to a group of Saudi investors visiting the South American country to remove all hurdles in the way of making investment.

Saudi Arabia's oil-driven economy expanded by 9.6 percent in the first quarter, its strongest growth rate in a decade.

Saudi Arabia’s Industrial Production Index (IPI) grew by 24 percent in May 2022 compared to the same period last year. The growth is the third highest rise in the last three years, according to the kingdom’s General Authority for Statistics (GASTAT). The IPI is an economic indicator that reflects the...

Biden appears ready to re-engage with Saudi Arabia that has been a key strategic ally of the United States for decades.

US President Joe Biden said Saturday he aims to "strengthen a strategic partnership" with Saudi Arabia during a visit there next week, but added that he will hold true to "fundamental American values." Biden is expected to press for increased Saudi oil production in the hope of taming spiraling fuel...

Biden is expected to press for increased Saudi oil production in the hope of taming spiraling fuel costs and inflation at home.

The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between 32% and 314%, a survey points out.

This year's Hajj, the first large-scale edition since the guardian requirement was dropped in 2021, has taken on a different hue with thousands of unaccompanied women joining the rituals.

Al-Rajhi Capital which has analyzed the performance of all industrial sectors expects Saudi-listed companies to see mixed earnings in Q1 2022, amid rising oil prices.

The biggest hajj pilgrimage since the coronavirus pandemic began kicks off Wednesday, with hundreds of thousands of mostly mask less worshippers expected to circle Islam's holiest site in Saudi Arabia's Mecca.

Saudi Arabia's non-oil economy has recorded a strong improvement in business conditions in June, according to the latest Purchasing Managers Index data report from S&P Global.