Against the backdrop of mounting concerns about the supply of crude oil, the stock markets in Saudi Arabia and the UAE remained subdued this week.

Regional rivals Iran and Saudi Arabia have resumed key talks in the Iraqi capital Baghdad after negotiations were suspended last month, a senior Iraqi official said Saturday. "Talks resumed last Thursday in Baghdad," the official said, speaking on condition of anonymity, and without giving further details.

The total number of factories that began actual production in Saudi Arabia reached 261 in March, with investments reaching $1.6 billion.

Certain FMCG companies benefited from the pandemic since people spent more time at home baking and spending time together. As a result, sales of packaged foods, for example, surged during the pandemic.

The stock exchange established Shariah Advisory Committee.

The MoU is expected to help the commission as well as the company to support Saudi fashion designers.

The Saudi developer reports $37m net profit in Q1.

The agreement is said to align with the objectives of the Fashion Commission to enhance collaboration and empower the sector within Saudi Arabia.

From the UAE to Saudi Arabia, Qatar to Kuwait, the GCC countries have posted robust growth in the real estate sector, with the transactions touching $137.4 billion in 2021.

Some of the iconic real estate holdings developed by Taiba throughout Saudi Arabia suggest that the Kingdom is headed towards an unprecedented economic transformation.

Saudi Home Loans to trade on Tadawul from April 20.

Tamimi Markets, Saudi supermarket chain, has teamed up with Japan's Mitsui & Co. and Italy's Zero SRL to develop the kingdom's first smart farms.

The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic of Mauritania.

Saudi Arabia pushed Yemen's president to step down earlier this month, and officials have confined him to his home and restricted his communications, the Wall Street Journal reported Sunday. Abedrabbo Mansour Hadi announced his resignation on April 7, handing his powers to a new leadership council.

A person can rent out his vehicle on the ekar platform.

Russian President Vladimir Putin on Saturday, April 16, called Saudi Crown Prince Mohammed bin Salman bin Abdulaziz.

From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a close.

Digital payments made through a mobile device accounted for 35 percent of all near-field communication transactions in Saudi Arabia in 2021, according to Saudi Payments. The share of payment transactions made using a mobile device in all NFC payments grew from 22 percent in 2020. The number of payment transactions using...

The international credit rating agency ”Fitch” updated its credit report for Saudi Arabia affirming its “A” rating for the Kingdom and revising the stable outlook from its July 2021 rating to positive. The outlook revision reflects the Kingdom's improvement in its sovereign balance sheet due to higher oil revenues resulting...

Saudi Arabia and Kuwait will develop a disputed gas field despite Iranian objections, while urging Tehran to engage in negotiations, a statement said Wednesday. The Gulf allies will honour their deal, branded "illegal" by Iran, to develop the Arash/Dorra maritime gas field, the Saudi foreign ministry said.

Businesses in the region are increasingly adopting cloud to protect their data, apps and infrastructure from fraudulent activities while supporting compliance and confidentiality.

The Saudi Development and Reconstruction Program for Yemen (SDRPY) and the Saudi Red Crescent Authority (SRCA) announced today the provision of urgent and immediate support to support the capabilities of Yemeni medical centers and hospitals. The support is to allocate and provide 30 ambulances and highly equipped urgent response vehicles. https://twitter.com/mediasrcaen/status/1513907517373534208?s=20&t=9W7mUIzFsfuJCh4h8fWDNA...

The Saudi ambassador to Lebanon, Waleed Al-Bukhari, has pledged the kingdom's support to Lebanon and its people during 'tough times.' The Lebanese presidency said in a statement that the Saudi diplomat's remarks came during his visit to the Lebanese President Michel Aoun in Baabda Palace earlier today. Al-Bukhari briefed President...

Saudi Arabia and Kuwait have appealed to Iran to hold negotiations on demarcating the eastern boundary of the submerged Dorra natural gas field. Saudi Arabia and Kuwait affirmed their right to exploit the natural resources in the gas field.

The Cabinet authorized the Tourism Minister to discuss tourism promotion with Iraq.

The Saudi real estate firm will develop club's land in Riyadh.

UAE, Saudi Arabia and Kuwait are the three top performing GCC markets when it comes to appetite for high-end cars, Hamid Haqparwar, MD of BMW Group Middle East, tells TRENDS.

The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments, says Rehan Akbar, Senior Vice-President at Moody’s.

Artificial Intelligence, wired into the economic plans of many GCC countries, is likely to contribute 12.4 percent to Saudi GDP and 14 percent to the UAE's GDP by 2030.

The luxury hotel chain is planning 15 new hotels in the next 10 years, which include at least 5 new properties in Dubai and a new hotel in Makkah

The Saudi dairy company recorded 9% jump in net profit.

Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when it comes to power generation.

The GCC's main indices closed higher toward the end of week, spurred by higher oil prices. The Saudi index "TASI" reached 13,314 points, achieving an increase of 0.4 percent on Thursday, its last trading day. At the same time, the Dubai index increased by 0.2 percent during the week as...

Saudi Arabia said Saturday it will permit one million Muslims from inside and outside the country to participate in this year's hajj, a sharp uptick after pandemic restrictions forced two years of drastically pared-down pilgrimages. The hajj ministry "has authorised one million pilgrims, both foreign and domestic, to perform the...

The Ministry of Municipal, Rural Affairs and Housing of Saudi Arabia has asked owners of vacant plots of land to fence their property before July 01, 2022, to avoid a fine of $26.6 for every square meter. The ministry intends to beautify the urban landscape, protect property from encroachments, reduce...

SAMA, the Saudi Central Bank, has directed banks in the kingdom to put a stop to the opening of online accounts for individuals or institutions as part of new security measures.

Houthi spokesman Mohammed Abdulsalam dismissed the move by President Abedrabbo Mansour Hadi as ‘a desperate attempt to rearrange the ranks of the mercenaries’ fighting in Yemen, and said peace would only come once foreign forces leave.

A diplomatic crisis broke out last October after the then-information minister George Kordahi was quoted criticizing the Saudi role in Yemen, prompting the kingdom and other Gulf allies to expel Lebanese envoys.

The first wave of the pandemic spanning April to the end of November 2020 witnessed 267 deaths for each 100,000 cases.

In a major shake-up in the coalition battling Houthi rebels, Yemen's president Abedrabbo Mansour Hadi has formed a new council to lead the war-wracked country.

The meetings are taking place under the patronage of the Custodian of the Two Holy Mosques and Saudi ruler King Salman bin Abdulaziz Al Saud.

Saudi Arabia has declared a ban on the import of trucks older than five years in order to raise the efficiency and competitiveness of the kingdom's transport sector.

The selection followed the Kingdom's admission to the Academy’s membership as one of the founding members of the international organization.

The Saudi Finance Ministry has forecast the kingdom's real gross domestic product to grow by 7.4 percent.

Yemen's warring parties on Tuesday traded accusations of violating a ceasefire agreement, three days after it went into effect at the start of Ramadan.

The non-oil private sector of Saudi Arabia has recorded more growth in March than it did in more than four years, driven by improvements in purchasing and supply deliver times.

The growth was driven by medical supplies, dermatology, knitting sector.

The Saudidates platform is expected to help the center promote digital transformation and digitize markets and the entire sectors.

The wheat is being procured from Europe, North and South America, and Australia, and will arrive in Saudi Arabia from September to November this year.

As foreign investors seek to take advantage of investment opportunities in the region, KSA and UAE get billions of dollars injected into their economies.