The International Data Corp. has predicted Saudi spending on information and communications technology to touch $33 billion in 2022, a growth of 2.3 percent.

ACWA Power of Saudi Arabia and its partners have begun work on a big green hydrogen project in NEOM.

The firm will buy controlling stake for $158 million.

Here’s a look at what landed the UAE and Saudi Arabia among some of the better countries with a pension scheme for retiring or retired employees from both the government and private sectors.

Middle East’s largest entertainment event, Riyadh Season 2021, which concluded on March 31, welcomed more than 15 million visitors, according to Saudi media reports. The Season’s second edition was launched on October 20 last year. Organized by the Saudi Arabia’s General Entertainment Authority, the first edition of the event was...

Saudi Venture Capital and Flat6Labs have teamed up to launch a $40 million startup seed fund.

A UN-brokered two-month truce took effect in Yemen Saturday, the first day of the Muslim holy month of Ramadan, and analysts hope for a rare respite in the impoverished country's seven-year war.

Tadawul, the Saudi stock exchange, has barred three companies from trading in shares over their failure to issue financial statements for 2021.

The UAE has expressed its "support" for the UN ceasefire, which was also welcomed by the US, UN chief Antonio Guterres, the European Union, and the leaders of Britain, France, and Iraq.

Traditionally, many Muslim-majority countries have followed dates set by Saudi religious authorities, but in recent years many have used their own astronomic calculations.

Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal with the trash they generate.

The UAE and Saudi stock markets posted considerable gains this week even as oil prices took a dip with the US tapping into its reserves to tame high crude oil prices.

GCC countries have a highly dynamic environment characterized by growing populations, a broad diversity of patient demands and increasing healthcare budgets, says Rodrigo Rodriguez, the Middle East Cluster General Manager of Takeda Pharmaceutical Company.

The economy of Saudi Arabia is forecast to grow 7.7 percent this year propelled by the expansion of the kingdom's oil sector, according to Jadwa Investment.

The 13 members of the Saudi-led OPEC and 10 countries spearheaded by Russia backed an increase of 432,000 barrels per day in May, marginally higher than in previous months.

Yemen's Houthi rebels said Wednesday that they "regret" that Saudi Arabia has not given a "clear" reaction to their ceasefire offer, but said they were open to "any positive response".

The paper has shone a spotlight on how Saudi Arabia’s e-government, tourism, healthcare, and transit sectors stand to benefit from the smart city revolution in the Kingdom.

The Egyptian and Saudi governments have signed a draft agreement for Saudi investments in the country totaling a projected $10 billion, according to a statement by the Egyptian cabinet.

The unemployment rate among Saudi citizens reduced to 11 percent in the fourth quarter of 2021. The General Authority for Statistics (GASTAT) released the "Labor Market Statistics Q4, 2021, on its official website which revealed this data. The unemployment rate fell by 0.3 percentage points (pp) from Q3/2021, and lower...

Sudan's de facto leader General Abdel Fattah al-Burhan on Wednesday started his first official visit to Egypt since last year's military coup. Burhan, greeted on arrival by Egypt's President Abdel Fattah al-Sisi in a ceremony broadcast live on state television, was accompanied by the head of general intelligence services, according to...

Digital Government Authority has launched the Digital Government Investment and Procurement Program (SADAF) initiative to accelerate digital procurement in government agencies.

The Global Entrepreneurship Conference (GEC) recorded 28.9 billion ($7.71 billion) worth of agreements and launches on the second day. The conference is designed to support entrepreneurship in various fields and enhance the Kingdom's position as an attractive environment for pioneers, innovators and creators from around the world. It has been...

Shares of Saudi mining firm Amak surged 30 percent on its debut on the kingdom's main stock exchange.

Volatility on oil markets sparked by Russia's invasion of Ukraine would be worse without OPEC+, the Saudi energy minister said on Tuesday, insisting the alliance that includes Russia deserves credit.

The Global Entrepreneurship Congress is expected to see 40 agreements being signed between government agencies and major corporations.

Five countries, including Saudi Arabia, South Korea, Italy, Ukraine and Russia are in the reckoning for the 2030 World Expo.

Pablo Martinez, Managing Director and Senior Partner at the Boston Consulting Group, sheds light on what lies ahead for the sector in the kingdom.

PIF, Saudi Sovereign Wealth Fund, is in talks with four construction firms in order to make investments to the tune of millions of dollars in the companies.

The airline will fly three weekly flights to Serbia's capital.

A total of 33 agreements besides several investments worth more than $4.2 billion were signed on the first day of the Global Entrepreneurship Congress in Riyadh. These are aimed at supporting entrepreneurship in various fields and enhancing the Kingdom’s status as an attractive environment for pioneers, innovators and creators in...

The bank announced this while participating in the Global Entrepreneurship Congress (GEC) in Riyadh.

Now entities that typically have strong brand equity, control over distribution, and very few competitors, have a competitive edge that makes it difficult for rivals to emulate their products and services. What of the rest? Lovrenc Kessler, Managing Partner of Simon-Kucher & Partners Middle East, explains.

War-torn Yemen faces an "extremely troubling outlook" after a serious escalation between Iran-backed Houthi rebels and Saudi Arabia, the head of the United Nations Development Program warned on Sunday.

Saudi Arabia has evinced interest to develop small modular nuclear reactors in order to generate electricity for remote areas of the kingdom. He told GEC 2022 in Riyadh that the kingdom will develop more technologies at home to limit the risk to the planet.

In order to protect SMEs from economic recession, Saudi Arabia provided more than $80 billion in support to the businesses, according to the head of the authority known as Monshaat.

As the world talks about the Ukraine crisis, Qatar and Saudi Arabia have called out the world about its reaction to the suffering of a lot of countries in the Middle East.

The move comes two weeks after the country lifted all Covid-19-related entry restrictions.

For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as regional investors seek liquidity from increased oil prices.

Yemen's Houthi rebels have proposed a ceasefire and peace talks to end the country's crippling war in return for opening the capital's airport and the key port of Hodeida, a senior Saudi official told AFP on Saturday. The Iran-backed rebels last week rejected an offer of talks in Riyadh.

S&P has revised its outlook for Saudi Arabia from a stable to positive in the light of the recovery of the kingdom's economy from the pandemic, driven by higher oil prices.

Friday's attacks targeted ‘Aramco facilities in Jeddah and vital facilities in the capital of the Saudi enemy, Riyadh’, tweeted Houthi military spokesman Yahya Saree. The Saudi Arabi-led coalition forces fighting the Iran-backed Houthi rebels in Yemen confirmed the Jeddah attack.

SALIC of Saudi Arabia, a subsidiary of the PIF, has said it will acquire 35.43 percent of Olam Agri Holdings for $1.24 billion.

Trojena is the new mountain tourism destination whose establishment was recently announced by Saudi Crown Prince Mohammed bin Salman.

A similar amount was paid for the first half of 2021 in October.

The Russian hackers tried their exploits on thousands of computers at hundreds of companies in 135 countries between 2012 and 2018, which included energy-sector targets such as a US nuclear power operator and a Saudi petrochemical facility, the US Justice Department has said.

Four Gulf Arab central banks followed in the footsteps of the US Federal Reserve and raised interest rates by a quarter percentage point for the first time since 2018.

Saudi Arabia’s non-oil exports increased by 27.5 percent year-on-year in January 2022, rising to SAR 24.1 billion ($6.42 billion) from SAR 18.9 billion in January 2021, according to the International Trade Report for January 2022 issued by the General Authority for Statistics (GASTAT). The most important non-oil goods were 'Plastics...

A land bridge linking up the western part of Saudi Arabia with its eastern region will cost some $26 billion once all the factors have been taken into account.

The money will go in producing aviation fuel from waste.

The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.