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.

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.