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

Oil prices soared Monday as a weekend attack on Saudi facilities and discussions among European Union members over banning Russian crude raised concerns about global supplies. Top producer Saudi Arabia warned that Yemeni rebel attacks on the kingdom's oil facilities pose a "direct threat" to global supplies, while Baltic states...

Top crude exporter Saudi Arabia warned Monday that Yemeni rebel attacks on the kingdom's oil facilities pose a "direct threat" to global supplies. It urged the international community to "stand firm" against the Houthi insurgents.

Expansion into 10 new countries MENA countries strong driver for growth.

The company's listing will be the biggest since Aramco.

Four of the six GCC members feature within the top 50 of the World Happiness Report, and are atop the rankings among the Arab countries.

The first protocol stipulates raising the number of members of the International Civil Aviation Organization (ICAO) Council from 36 to 40 members.

The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials which coincided with a visit by Germany's economy minister.

Zain Saudi Arabia launched the largest 5G network in the region.

The AlUla Festival for Recreation and Relaxation, which is considered the largest festival of relaxation and wellness in the Gulf region and the first of its kind, began on Saturday in the Saudi tourist destination of AlUla. The festival kicked off with the opening of the “Five Senses Sanctuary”, which...

Al Rajhi Bank of Saudi Arabia will start providing a digital guarantee service through the electronic financial services platform called Etimad.

The rise was due to crude prices, as the global economy recovered.

Spurred by yet another round of increase in oil prices, shares on Saudi stock exchanges opened higher on Sunday with the main index, TASI, gaining 0.52 percent in the opening trade while the parallel market, Nomu, trading flat at 24,902.

SSC’s Board of Directors Chairman Abdullah bin Amer Al-Swaha signed the MoU with the UK’s Minister of State for Business, Energy, and Industrial Strategy Kwasi Kwarteng.

After a week of losses, the Saudi index posted 0.9 percent increase even as the uncertainty spurred by the Ukraine conflict continued to weigh on the capital markets across the globe.

The crude oil exports of Saudi Arabia rose by 59,000 barrels per day to 6.996 million bpd in January, according to the Joint Organizations Data Initiative (JODI).

The SFDA said that food allergy can be best treated by avoiding the ingredients that cause it.

The Saudi Arabia’s Ministry of Investment (MISA) announced on Friday that it has signed a Memorandum of Understanding (MoU) with Amazon Saudi Arabia for the establishment of a dynamic business environment that affords growth opportunities for small and medium enterprises across the Kingdom.

The pavilion of Saudi Arabia in Expo 2020 Dubai has been awarded Best Pavilion by EXHIBITOR magazine.

Arab countries that offer electronic passports include Saudi Arabia, UAE, Qatar, Oman, Lebanon, Algeria, Kuwait, Morocco, Comoros, Djibouti, Mauritania, Somalia and Sudan. Countries in the region that don't have a microchip in their passports include Bahrain, Egypt, Iraq, Jordan, Libya, the Palestinian territories, Syria, Tunisia and Yemen.

The six-nation Gulf bloc said Thursday it seeks to host discussions between Yemen's warring sides in Saudi Arabia, despite the Houthi rebels' rejection of talks in "enemy countries". Saudi Arabia leads a military coalition fighting on the side of the Yemeni government against the Houthis. But the Iran-backed rebels said...

The privatization move will also help the regional governments in maintaining better economic growth, increasing private participation and attracting foreign investments.

The commercial exchange between Saudi Arabia and Austria has grown from around SAR 1.8 billion ($479 million) in 2005 to almost SAR 3.3 billion in 2020, while the kingdom is the export destination and the main trading partner of Austria in the Middle East. This was revealed during the visit...

The two sides stressed that this agreement based on the close historical ties that unite Saudi Arabia and the Arab Republic of Egypt.

The bank said the policy rate adjustments are consistent with its objectives of maintaining monetary stability.

This comes as Etisalat aims to expand its footprint in Saudi Arabia.

Saudi Arabia has reported a robust growth in its economy, posting a 3.2 percent increase in the gross domestic product, a year after its economy struggled with recession.

British Prime Minister Boris Johnson met with oil-rich Saudi Arabia's Crown Prince Mohammed bin Salman to lobby for higher production after Russia's invasion of Ukraine sent markets into turmoil. Johnson spoke with Prince Mohammed after talks with Abu Dhabi Crown Prince Mohammed bin Zayed in the United Arab Emirates.

Saudi inflation shot up to 1.6 percent in February, fueled by higher gasoline and food prices, the General Authority for Statistics, also known as GASTAT, said in a press statement.

Saudi National Development Fund will inject SR570 billion ($152 billion) in the Kingdom’s economy by 2030, Saudi Arabia’s Crown Prince Mohammed bin Salman said.

The two countries discussed cooperation in establishing an advanced digital infrastructure.

Jadwa Investment of Saudi Arabia has launched a new Shariah-compliant real estate fund to the tune of $800 million. The company manages a portfolio of property worth $3.36 billion.

The pharmacy chain operator collected $500 million from shares buyers.

The exercise aims to enhance joint cooperation, exchange expertise between the Saudi and Jordanian armed forces, the head of the Jordanian delegation Colonel Khaled Shamaileh said.

Iranian state media reported Sunday that no date has yet been set for further dialogue between Tehran and Riyadh, after other media reports said talks have been "temporarily suspended". Iran and the kingdom of Saudi Arabia support rival sides in several conflict zones across the region, including in Yemen, where...

Saudi Arabia and UAE, two biggest economies in the Gulf Cooperation Council region, rely heavily on retail industry.

Britain on Sunday defended lobbying Saudi Arabia to up its oil output as energy sanctions on Russia hit Western consumers, after the Gulf kingdom executed a record number of prisoners.

Saudi Arabian Military Industries (SAMI) will hire more staff and most of them will be women in order to support diversity and inclusion. The company intends to hire some 1,500 people in the coming weeks.

Sweeping social reforms, including lifting the infamous ban on women driving, have transformed life for many Saudis, but rising costs are increasingly problematic.

Saudi Arabia, the world's second-largest oil producer that produced more than 10 million barrels of crude per day before the pandemic, plans to produce 13.5 million barrels by 2027, as well as 23 billion cubic feet of gas by 2030.

Saudi Arabia will grant industrial licenses to facilities operating in the renewable energy sector and power plants in order to become a regional center in the field of electricity production.

Saudi Arabia said Saturday it executed 81 people in one day on a variety of terrorism-related offenses, exceeding the total number of executions in the kingdom in the whole of last year. Of the 81 people, 73 were Saudi citizens, seven were Yemeni and one was a Syrian national.

The net profit of Gas Arabian Services Co. has decline to $16 million.

Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output.

From the UAE to Egypt, Jordan, and Bahrain, and from the OIC to the Arab Parliament, the attack is being decried unequivocally.

Maxim Potemkov, sales director of one of the exhibiting Ukrainian companies, said there was a wall of silence between the two sides.

Saudi energy ministry said the pre-dawn attack on the refinery in Riyadh caused a small fire that was brought under control. The ministry called the attack an act of "sabotage and terrorism".

The women were evacuated to the Saudi capital Riyadh, where they were met by US officials and received health checks.

The refinery, in China’s Panjin, should be operational by 2024.

Saudi startups have secured 58 percent of the total $375 million in funding in the MENA region in February.