The General Assembly of the Arab Administrative Development Organization (ARADO) renewed the presidency of Saudi Arabia for the organization's Executive Council for the period 2022-2024. The renewal came at ARADO's  57th session held on May 19, 2022, at the organization's headquarters in Cairo, where also the memberships of the UAE,...

Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and Oman to share their perspective on contemporary issues.

The sale of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion. The company owns the famed George V hotel in Paris and has a majority stake in The Savoy in London.

Saudi Arabia's supply of oil to China has soared 38 percent in April, hitting the highest monthly volume since May 2020.

Saudi Arabia will participate in the 75th Cannes International Film Festival, which will be held during the period from 17 to 28 May, with a national pavilion supervised by the Film Commission. The Ministry of Investment, the Red Sea Film Festival, the Al-Ula Film, the King Abdulaziz Center for World...

The election took place during the ninth session of the group’s meetings hosted in Riyadh from February 14-17.

Prince Faisal bin Farhan bin Abdullah, the Saudi Foreign Minister had arrived in the Algerian capital earlier on Wednesday evening.

Saudi Arabia may see a rise in inflation as global food and energy prices surge amidst the ongoing Russia-Ukraine war, Alexander Perjessy of Moody’s Investors Service tells TRENDS.

The world's tallest building disappeared behind a grey layer of dust on Wednesday as sandstorms that have swept the Middle East hit the United Arab Emirates, prompting weather and traffic warnings. The 828-metre (2,716 ft, 6ins) Burj Khalifa, which towers over Dubai and is usually visible across the busy financial...

Saudi women have reached unprecedented heights in work and social life, Sarah Al-Tamimi, vice chair of National Committee to Combat Human Trafficking, tells TRENDS.

New data from the Joint Organisations Data Initiative (JODI), a Riyadh-based international collaboration to improve the availability and reliability of data on petroleum and natural gas, shows that global oil demand surpassed pre-pandemic levels in March, while production of crude oil was stuck at 97 percent of the level before...

Saudi Arabia has rejected claims that its planned futuristic megacity known as NEOM will have different rules from the rest of the kingdom and function like a "country within a country". Media reports said that in an interview published last week by the UAE's The National newspaper, Andrew McEvoy, head...

Saudi Arabia's King Salman has left the hospital one week after being admitted for tests, state media reported. Video broadcast by the official Saudi Press Agency (SPA) late Sunday showed the 86-year-old monarch walking out of King Faisal Specialist Hospital in the coastal city of Jeddah, using a cane and...

The approval is expected to transform the regional center into a global center covering the eastern Mediterranean and Africa.

Surge in oil prices benefited the world's most valuable company.

Annual inflation in Saudi Arabia has spiked to 2.3 percent in April, up from 2 percent in March. According to the General Authority for Statistics, also known as GASTAT, the consumer price index, or CPI, in April 2022 has surged 2 percent when compared to the corresponding period a year...

The UAE and Saudi stock exchanges posted losses this week, taking cue from the world markets that fell in reaction to galloping inflation, and rate hikes by central banks in many countries.

The chemical giant of KSA has posted SR6.47bn profit in Q4.

The UK Home Office affirmed that “an electronic visa waiver allows the holder to travel to the UK without obtaining a visa provided they complete an online waiver for each visit.

The Saudi Arabian national petroleum and natural gas company, billed as the largest oil producing company in the world, was valued at $2.42 trillion based on the price of its shares at close of market. Apple, meanwhile, has seen its share price drop over the past month and was valued...

Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion ($16.74 billion), a 15 percent increase compared to the same period of 2021. Exports grew by 35 percent in the first three months of the year compared to the same period of last year ...

The growth rate of Arab economies is expected to increase to around five percent in 2022 on the back of rising oil production and its prices in the international markets.

Saudi Arabia on Monday pitched aviation industry leaders on its plans to become a global travel hub, drawing scepticism from analysts who questioned how it could compete against regional heavyweights. The kingdom's aviation goals, part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reforms, include more than tripling annual...

After the Fed Reserve raised interest rates to rein in the 40-year-high inflation, GCC members followed the suit as most of the region's currencies are pegged to the dollar.

On Sunday afternoon doctors performed a colonoscopy “and the result was sound”, the Saudi Press Agency later said.

King Salman entered King Faisal Specialist Hospital in the coastal city of Jeddah on Saturday ‘to conduct some medical examinations’.

In a week truncated by the Eid holidays across the Middle East, stocks on the UAE exchanges shed gains, while there was no trading in Saudi Arabia because of Eid al-Fitr.

Saudi Arabia has okayed six tourism projects to the tune of $400 million in the first quarter of 2022.

The investment is expected to be made in nine new projects across the country.

The MoU aims to enhance cooperation between the two countries in the areas of financial auditing and performance control.

Saudi Arabia and United States Minister of IT, Eng. Abdullah bin Amer Al-Sawaha who is on a visit to the US met the president and COO of Omnicom Media Group Daryl Simm.

Ongoing loan restructurings and the gradual withdrawal of pandemic-related support packages may put further pressure on asset quality. However, the Russian-Ukrainian war will have a minimal impact on the operating environment for banks in Saudi Arabia and UAE, they say.

Saudi Arabia, Russia and other key producers agreed to adjust upward the monthly overall production by 0.432 mb/d for the month of June. Prices had soared on Wednesday, with Brent North Sea crude closing above $110 a barrel.

In order to curb the soaring inflation in the kingdom, the Saudi Central Bank (SAMA) has raised its main interest rates by 50 basis points, in tandem with the US Federal Reserve decision to hike the rate.

Personal remittances of expatriates in Saudi Arabia jumped 5 percent year-on-year (YoY) to SR14.7 billion ($3.91 billion) in March. Saudi Gazette, citing data released by the Saudi Central Bank (SAMA), said that compared to the previous month, remittances from expatriates in Saudi Arabia jumped 31 percent, or SR3.5 billion. The...

Saudi Arabia's real estate sector continues to show promising signs, with increasing tourist numbers, consumers returning to retail stores, and more demand for office space.

This year's Jeddah Season is expected to feature international events and artistic and theatrical performances, Arab and international art concerts, games, and entertainment cities.

A former Saudi intelligence head has insisted that the kingdom should not be held responsible for the rising energy costs in the US. Prince Turki Al-Faisal said that it was the White House's policy agenda that was behind the increase in prices.

From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially after two years of the Covid-19 pandemic.

The growth was fueled by oil activities that increased by 20.4 percent. Non-oil activities saw a rise of 3.7 percent, with government services activities growing by 2.4 percent year-on-year.

The preliminary results come after the world's biggest oil exporter resisted US entreaties to raise output in an attempt to rein in prices that have spiked since the Ukraine war began.

The latest sign of support follows a visit to Saudi Arabia by new Prime Minister Shahbaz Sharif, who has inherited a crippling national debt, galloping inflation and a feeble rupee.

Iraqi security forces said Saturday they had broken up a drug trafficking ring and seized more than six million pills of the amphetamine-type stimulant captagon, making several arrests. Iraq's northwestern neighbor Syria is the Middle East's main captagon producer, and its southern neighbor Saudi Arabia the main consumer. Iraqi forces...

Cybercrime has risen to the forefront of physical security concerns. And big firms are acutely aware of the problem, says Ephrem Tesfai from Genetec tells TRENDS.

An end to years of tension between regional rivals Iran and Saudi Arabia is near, Iraqi Prime Minister Mustafa al-Kadhemi said in an interview published on Saturday. Iraq, a neighbor to both countries, has hosted five rounds of talks over the past year aimed at restoring ties between Saudi Arabia...

The main Saudi index had a variable week, the Abu Dhabi exchange suffered a slight decline, while, the main index in Dubai closed unchanged.

A rising number of tech-savvy millennials, 60 percent of whom shop online, is one of the most important factors responsible for the rising ecommerce sales.

Saudi Arabia's crown prince and Turkish President Recep Tayyip Erdogan have vowed to reset relations, to end a conflict between the two regional heavyweights. The pair "reviewed the Saudi-Turkish relations and ways to develop them in all fields", SPA reported.

Altaaqa of Saudi Arabia and TotalEnergies of France have teamed up to establish charging stations for electric vehicles in the kingdom.

Saudi Arabia's drive to lure more foreign investment into the kingdom's stock exchange paid off as foreign ownership touched $70 billion in 2021.