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.

Driven by high oil output, Saudi Arabia’s Industrial Production Index shot up 11.1 percent in January, official data indicated.

The United Arab Emirates on Thursday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it would urge the cartel to boost oil output. "The UAE is committed to the OPEC+ agreement and its existing monthly production adjustment mechanism," Energy Minister Suhail al-Mazrouei wrote on Twitter....

Saudi Arabia has achieved its target of getting 30 percent female labor force participation nearly 10 years ahead of schedule, a study said. The research, carried out by Roland Berger on behalf of Uber, shows that women made up 36 percent of workers in the Kingdom in 2021 — up...

Tetra Pak Arabia Managing Director Niels Hougaard explains what lies ahead for F&B companies — bith regionally and globally — as they eye new goals.

Nudged by high oil prices, Saudi stocks inched up as the main index, TASI, gained 0.24 percent to touch 12,882, while the parallel market fell 0.22 percent to 24,487.

Some 80 percent of Saudi Arabia's employers are considering to add to their workforce in 2022, with a reasonable decline in the rate of coronavirus infection in the kingdom and beyond in the GCC.

Striking partnerships with companies in the West have helped the two Gulf countries emerge as one of the major exporters of hydrogen to the world.

AHOY, a UAE and Saudi operating logistics startup, has raised $20 million in financing from undisclosed investors. 

Saudi Arabia's first World Defense Show has seen the signing of 22 industrial partnerships with domestic and international defense companies with a value of SR8 billion ($2.13 billion), according to the show's founder. The General Authority for Military Industries (GAMI), which is also the regulator of the Kingdom’s defense sector,...

Saudi Arabia's Crown Prince Mohammed bin Salman has inaugurated the four-day-long World Defense Show in Riyadh, organized by the General Authority for Military Industries.

The MoU was signed in Riyadh between Saudi Attorney General Sheikh Saud bin Abdullah Al-Mujib with Algerian Algerian Minister of Justice Abdul Rashid Tabbi.

Saudi Arabia has teamed up with China to manufacture unmanned aerial vehicle payload systems in the kingdom.

Yanbu Cement Co., one of Saudi Arabia's largest cement producers, has posted a forty three percent dip in net profit to $43 million in 2021.

East Pipes of Saudi Arabia has secured a Shariah-compliant working capital financing of $133 million from Bank Albilad.

The humanoid robot Sophia, the world's first robot citizen, will arrive in Dubai on Tuesday, March 8, to participate in the largest smart conference for internal auditors, the 20th Annual Regional Audit Conference (ARAC) from March 7- 9. Sophia, which holds Saudi citizenship, will conduct an interactive session on the...

The project will see an investment of SAR3 billion ($800 million).

The decision includes suspending ‘social distancing measures in all open and closed places’ including mosques.