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.

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.