Lucid Motors has leased a big plot of land for $30 million in King Abdullah Economic City Industrial Valley, in Saudi Arabia, to produce electric vehicles in the kingdom.

The new initiatives are expected to support environmental and water sustainability in accordance with the Saudi Vision 2030.

According to a Jordanian Trade Ministry statement, the two countries discussed preparations for holding the 17th session of the Joint Commercial Committee meetings.

Saudi Arabia confirmed its commitment to the OPEC+ agreement with Russia Sunday, the Saudi Press Agency reported, as Moscow faces international criticism over its invasion of Ukraine. Crown Prince Mohammed bin Salman made the comments during a conversation with French President Emmanuel Macron that also covered the situation in Ukraine...

The total green sukuk market is worth more than US$15 billion, according to Refitiniv, with the Islamic Development Bank (IsDB) being the first in the market with a US$ 2.5 bn offering. However, figures show that Sustainability and green-themed Sukuk were rising in 2021, mainly since large entities are investing...

The government said the non-oil foreign trade figures of all emirates also witnessed growth individually in varying levels. The growth was consistent across all areas, including exports, imports and re-exports.

Fatima Group, a Pakistani industrial conglomerate, has signed two MoUs of over $1 billion with two key global agriculture stakeholders – China Machinery Engineering Company (CMEC) from China and Sarh Attaqnia Co. (SAC) from Saudi Arabia at Expo 2020. A formal signing of the business partnership was held at the...

Shares of Ma’aden, the Saudi mining company, vaulted six percent in trading on Sunday when news broke of its record earnings for 2021.

Saudi stocks posted gains in the early hours of trading on Sunday due to a dip in the prices of crude oil. Stocks world over posted losses last week as Russia invaded Ukraine, taking over many areas of the western neighbor.

Saudi Arabia has taken steps to maintain the stability of domestic supply in accordance with the food security strategy.

Saudi Arabia and the UAE are driving the real estate market in the Middle East region with the backing of government and evolving market dynamics.

Choosing sides in Ukraine's crisis would have once been easy for Gulf states long protected by the US, but growing ties with Moscow are forcing them to strike a balance. As the world rushed to condemn the Russian invasion of its smaller neighbour, the wealthy Gulf Cooperation Council (GCC) countries,...

Saudi National Bank, with backing from its largest shareholder, the Public Investment Fund, is looking to make big acquisitions in Europe and Asia.

The new companies’ offices are in London, New York, and Hong Kong.

The Arab oil and gas producers are likely to close the gap that could arise from the disruption of oil flows from Russia, according to the Institute of International Finance.

GASTAT data said the value of exports amounted to SAR106.3 billion ($28.35 billion) in December 2021.

Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.

Airbus has been mired in controversy despite its best efforts to increase its customer base, across the world in general and in the GCC in particular.

The Saudi real estate sector will contribute close to nine percent to the national gross domestic product by 2030, according to the kingdom Minister of Housing.

Al-Dawaa, Saudi pharmacy chain, has raised $27 billion in equity from institutional investors after its first sale of shares to the public.

Sixteen people including foreigners were injured in Saudi Arabia when the kingdom destroyed a drone launched against an airport by Yemeni rebels, the Saudi-led coalition said Monday.

Saudi Arabia celebrated the anniversary of its founding day about three centuries ago. The anniversary of Saudi Arabia's founding day coincides with 22 February 1727, since the era of Imam Mohammad bin Saud, the ruler of Diriyah. Imam Mohammad bin Saud made Diriyah the capital of the Saudi state, as...

stc, Saudi Arabia's top telecom firm, has posted a three percent increase in net profit to $3 billion in 2021 on the back of improved sales.

Beside Covid-19 pandemic, many countries in the region face war and conflicts. A robust economic system necessitates an effective strategy to combat corruption. If GCC countries wishes to be prosperous, there must be systems in place to fight corruption and ensure that the integrity of the state is maintained.

An improved regulatory support, government promotional initiatives, and heightened interest from business leaders in the private sector benefits the sector in the region.

Now, the fastest-growing job profiles in the GCC include a mix of both pandemic-resultant and non-pandemic-resultant positions.

Saudi Arabia may initiate another round of direct talks with Iran despite a “lack of substantive progress” in previous rounds.

Digital economy has driven the startup investment upsurge in the MENA region in 2021.

Dr. Sulaiman Al Habib Group, a private health service provider in Saudi Arabia,  has posted a 30 percent increase in profit to SR1.37 billion ($367 million) in 2021, up from SR1.05 billion recorded in the previous year.

The projects have been inaugurated in Djibouti.

A study undertaken by the Saudi Ministry of Tourism sees the sector providing thousands of jobs for the young people in the kingdom.

Floating restaurants and hotels could be a significant supporting player as the GCC region aspires to increase its footprint as a global tourism hub.

A sizable number of Saudis look positively at jobs in the tourism sector, according to a study by the kingdom's Ministry of Tourism in collaboration with Digital Research Company (DRC). Key findings indicate that 75 percent of Saudis have a positive perception towards jobs in tourism, with 83 percent saying...

Saudi Parts Center Co. will begin trading on Nomu, the Saudi stock exchange's parallel market, on Monday, according to a bourse statement.

Moody's has termed the share transfer of Saudi Arabia’s Aramco to the Public Investment Fund as credit positive as it increases the fund’s assets under management. 

The election took place during the ninth session of the group’s meetings hosted in Riyadh from 14-17 February 2022.

The Saudi decision to transfer 4% of Saudi Aramco shares worth $80 billion to the kingdom’s Public Investment Fund is designed to shore up the sovereign wealth fund.

PIF-led consortium to buy 80 percent stake in 8,069 towers.

The final offer price was set at SR128 ($34.1) per share, the top end of an indicative range.

In spite of an increase in transport and food costs, inflation in Saudi hovered at 1.2 percent in January, according to the Kingdom’s General Authority of Statistics, also known as GASTAT.

A metal casting and forging plant will be built by South Korea’s Doosan Heavy Industries and Construction at the cost of 1 trillion won ($834 million) in Saudi Arabia. Under the deal, the construction of the plant at the King Salman Global Maritime Industries Complex in Ras Al-Khair will start...

For the second time this year, the Saudi government will issue riyal-denominated sukuk for the year, seeking to take advantage of huge interest in the bonds.

One in every 40 Jordanians is an engineer, making Jordan the country with the most engineers per capita globally.

More than 50,000 coffee shops and restaurants scattered all over the kingdom help Saudi economy relish growth on the back of rising demand in food industry.

The offer comprised a total of 6.3 million shares.

Future Tech Retail, a firm owned by Saudi retailer BinDawood Holding, will acquire a sixty-two percent stake in International Applications Trading Co., an e-commerce platform operator, for an unknown sum.

Al-Dawaa, a pharmaceutical retail firm in Saudi Arabia, has set the price range for its initial public offering at SR65 ($17.3) to SR73 per share.

The transfer was part of Saudi Arabia’s long-term strategy to support the restructuring of its economy, in line with Vision 2030.

The Saudi Stock Exchange’s main index TASI started and ended the week with a 0.5 percent rise despite the fluctuation.

The market is expected to grow at an annualized growth rate of 3.2 percent, from $26.5 billion in 2021 to $31.1 billion in 2026. Along with the lifting of Covid-19 restrictions, digitization activities by insurers in the region will boost the expansion plan of the insurance business.