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.

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.