The Saudi firm earned $8m in profit in the last three months.

Two years of drastic restrictions on the number of pilgrims emptied shops and hotels across the Saudi Arabian city of Mecca.

"A generous royal order was issued approving the allocation of financial support in the amount of SAR 20 billion (around $5.3 billion) to face the repercussions of rising prices globally," the official Saudi Press Agency highlighted. Roughly half that amount would come via direct cash transfers to social security beneficiaries.

The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading the growth closely followed by Egypt and Qatar.

White-robed worshippers from across the world have packed the streets of Mecca as Islam's holiest city prepares to host the biggest hajj pilgrimage since the coronavirus pandemic.

The rise of digital payments also increases the chances of payment frauds in the region, Damon Madden, Head of Business Development - Fraud at ACI Worldwide, tells TRENDS.

France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French ambassador to the kingdom. Ludovic Pouille said at a press conference that the kingdom is an attractive region with a suitable environment for investments in all its vital sectors. The...

The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment. Saudi Arabia's market index TASI finished down 1.7 percent at 11,523 points. Abu Dhabi Securities Exchange ended with a loss of 0.3 percent, on Friday the index in Dubai, fell...

AlNama smart city being developed in Saudi Arabia will be a zero-carbon community, according to the Dubai's URB entrusted with the job of designing the city.

Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided output boost at their meeting on Thursday, despite pressure to further increase production. Russia's invasion of Ukraine has exacerbated concerns about oil supplies, sending prices to record highs this year.

The company has won approval for an IPO of 1m shares.

The British company aims to ensure data security.

In the Middle East, the UAE and Saudi Arabia have been leading the decarbonization conversation with pivotal government initiatives that encourage businesses to reduce their carbon footprint. Now, 2022 and beyond will be about delivering on and monetizing those ambitions despite all the challenges, he adds.

Saudi Arabia and Italy will jointly explore investment opportunities in sectors as wide as finance, infrastructure and mobility, tourism and culture, and renewable energy.

TRENDS takes an in-depth look at how the regional govts are reshaping their policies to make the technological ecosystem more lucrative and useful for metaverse and blockchain.

The Gulf countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only some regions, something that "undermines the idea of a single, cohesive region in this sector, he adds.

The Haj season enhances Saudi Arabia’s political and religious prestige while contributing to its annual revenue of around $8 billion and creating thousands of jobs.

The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field of space for peaceful purposes

Several MENA countries have fared well on all three domains of the Genuine Progress Indicator, which has been hailed as a much better metric of a nation's progress than GDP.

Iraq's prime minister met with leaders in rivals Saudi Arabia and Iran on Sunday, discussing regional stability as part of Baghdad's efforts to mediate between the two Middle East heavyweights.

Saudi Arabia is seeking to convince investors and companies in Britain to make investments in the kingdom's industrial and mining sectors.

Saudi Arabia and Pakistan reviewed bilateral relations in a meeting between Crown Prince Mohammed bin Salman and Pakistan army chief Qamar Javed Bajwa.

The United States has hinted that more Arab nations could take steps to improve ties with Israel, ahead of President Joe Biden's trip to the Middle East.

75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with specialised skills.

Saudi Arabia has consolidated its position in the Arab world as the largest economy, posting a domestic output of $833.5 billion last year, the equivalent of 29.7 percent of the entire Arab region.

Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented in several stages.

The Kingdom of Saudi Arabia has signed a joint cooperation agreement in maritime transport with the Republic of Djibouti which aims to open new horizons for cooperation in various fields between the two countries

Saudi Arabia’s overall merchandise exports increased by 98 percent in April 2022 compared to April 2021, according to General Authority for Statistics (GASTAT). The value of exports amounted to SAR137.1 billion ($36.53 billion) in April 2022, up from SAR69.3 billion in April 2021. This increase was attributed mainly to oil...

The firm got top rating with a stable outlook from Moody's.

Barbara Leaf, the top US diplomat for the Middle East, said that the Biden administration was encouraging greater cooperation between Israel and the Arab nations.

Arab govts in touch with Israel have no differences with it regarding the May 4 incident, Eliav Benjamin, Israeli foreign ministry director for Middle East affairs, tells TRENDS.

Saudi Crown Prince Mohammed bin Salman met with Jordan's King Abdullah in Amman on Tuesday to discuss regional and international issues. The meeting came amid a thaw in relations that in recent years had suffered from divergent views on regional conflicts and unfulfilled pledges of aid. Prince Mohammed’s visit to...

The accords were related to "infrastructure, logistical services, port management, agri-foods, the pharmaceutical industry, fossil fuels and renewable energy, and cybersecurity" and were worth $7.7 billion, Egyptian daily Al-Ahram said.

Crude oil exports of Saudi Arabia grew 147,000 barrels per day in April to 7.38 million, a level not seen since March 2020 when the Kingdom’s exports were 7.39 million bpd.

The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries.

The Gulf region seems to have a better fiscal positions thanks to high oil prices and the recovery of the economies from the Covid-19 related woes.

At the beginning of the pandemic, Saudi Arabia imposed a rule against all foreign travel, and as of last month 16 countries including Turkey were still off-limits to Saudi citizens.

A publication aims to explore trends and critical factors for future success in an autonomous higher education system in Saudi Arabia.

It has tied up with Cognite to bolster digitization in MENA.

Putin and Arab leaders focus on boosting relations in various fields -- including technology, food security and energy -- during Saint Petersburg International Economic Forum 2022.

Saudi Arabia ranked first in the Arab world and 30th globally in the British “Nature” index for evaluating countries, universities and public and private institutions for quality of scientific research in 2022. The kingdom’s ranking comes from the collected data approved by the magazine based on scientific publication in the...

The Kingdom's service sector is expected to grow rapidly once the major Vision 2030 tourism and entertainment projects - Qiddiya, the Red Sea project, NEOM, Al-Ula - are completed.

Saudi Crown Prince Mohammed bin Salman begins a regional tour Monday in Egypt that will also take him to Turkey to bolster regional ties, a Saudi diplomat said. After Cairo, Mohammed bin Salman will travel to Jordan and then on to Turkey. The Saudi government is yet to confirm about...

Equities in the Middle East imitated the global stock markets, falling as central banks raised interest rates to fight off soaring inflation.

The recovery process of the sector remains fragile and could be disrupted by the ongoing war in Ukraine, fuel price increases, and other potential health threats, say experts.

As Saudi Arabia's Crown Prince Mohammed bin Salman prepares to mark five years as de facto leader, he is finally arriving on the world stage, getting a boost of sorts with the arrival of US President Joe Biden next month. Biden's trip - after Russia's invasion of Ukraine sent oil...

Intelligent transportation system, speedy 5G deployment and heavy investment in AI are pushing region's smart city growth, says Omar Christidis, CEO & Founder of Arabnet.

Taking a cue from US Federal Reserve's decision to hike interest rate, Saudi Arabia, the UAE, and Bahrain have raised interest rates, too, to tame soaring inflation.

The alliance will ensure home delivery in 15 minutes.

Making an about-face by deciding to visit Saudi Arabia, US president Joe Biden is betting there is more to gain than lose by meeting Crown Prince Mohammed bin Salman. Biden joins eight decades of US presidents who have all in due time courted the oil-rich kingdom, which has assiduously cultivated...