Saudi Arabia has recruited more than 75,000 overseas domestic workers in December 2021, a fifteen percent jump in the hiring, according to official figures released by the kingdom.

While initiatives like Made in Saudi Arabia are helping ramp up production, Saudi Exports is looking to rope in government agencies to help diversify the economy.

This includes a 48.28% growth in passenger volume, with the total number reaching 88,000.

The 13 members of the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies, including Russia, had cut production sharply in 2020 as prices collapsed after the Covid pandemic emerged.

Saudi Arabia recorded a growth in air cargo traffic during 2021 compared to 2020, with the total air cargo until the end of December of 2021 amounting to more than 653,000 tons. The civil aviation sector is working to contribute to supporting the field of air freight and enabling the...

The League called upon the Arab countries to contribute to mobilizing international support for the Kingdom’s request to host the exhibition.

Experts help TRENDS see the road that lies ahead for electric vehicles in the region, and its one of hope: for both business and the environment!

The debt deferral agreement has been signed in line with the G20 initiative of 2020 led by Saudi Arabia which was in regard of debts deferral owed by the poorest countries.

Fragments fell to the ground after the interception of the drone over Abha International Airport, which has previously been targeted in similar assaults by the Houthi rebels. The injured included citizens of Bangladesh, India, Nepal, the Philippines and Sri Lanka as well as two Saudis.

The data was released on Thursday, February 10, by the country’s General Authority for Statistics (GASTAT).

The MoU was co-signed by the Minister of Environment, Water and Agriculture Eng. Abdulrahman Al-Fadhli and Pakistan Minister for Climate Change Malik Amin Aslam.

Saudi Aramco, the oil company, will establish a coffee center in Jizan while using "advanced irrigation techniques to improve agricultural capacity".

Saudi Arabia plans an Industrial Fund to assist investors in the sector shifting to 4IR technologies with the help of soft loans

The Ministry of Hajj and Umrah announced an update in the procedures for entering Saudi Arabia for Umrah, which is one of the key non-oil sources of income for the kingdom. This is done to ensure the health and safety of the Umrah Performers and visitors, the ministry said. Based...

The World Defense Exhibition (WDE) declared that its first edition will be held in Riyadh, Saudi Arabia, from March 6-9, 2022, according to media reports. WDE is a leading global event on defense and security. The exhibition will begin with an opening ceremony that includes live demonstrations of the capabilities...

Saudi Arabia has said it filled and fortified thousands of abandoned wells across the country, after the tragic death of a boy in Morocco following failed rescue efforts. Five-year-old Rayan, who spent five days trapped down a well, was laid to rest on Monday in his village.

The Gulf Cooperation Council region witnessed a 40 percent rise in job creation in the last quarter of 2021 compared to the corresponding period of 2020, and hiring activity will continue to strengthen in 2022, said recruitment specialist Cooper Fitch. Job creation across the region was driven primarily by a...

The discussion took place in Riyadh between the Saudi-Norwegian Parliamentary Friendship Committee of the Shura Council and Norway’s Ambassador to Saudi Arabia, Thomas Lid Ball.

The GCC countries are among the most notable ones that credit rating agencies frequently recognize since they are the center of investors' attention.

Around 60,000 metric tons of diesel, which is the seventh shipment of the Saudi oil derivatives grant for Yemen, arrived in Aden, media reports said. The oil derivatives grant is provided by Saudi Arabia to Yemen under the Saudi Development and Reconstruction Program for Yemen (SDRPY) to fuel the monthly...

Saudi companies and government raised $36.9 billion sukuk in 2021, compared to $27 billion in 2020, an increase of 37 percent, and $28.6 billion in 2019, according to S&P Global Ratings In 2021, while the global sukuk issuance reached $$147.4 billion compared with $$148.4 billion in 2020, foreign-currency denominated sukuk...

The operator of the largest Saudi gym chain also sees growth in revenues.

Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi attend the banquet hosted by Chinese President Xi Jinping on Saturday for heads of state and international organisations attending the Winter Olympics, part of a diplomatic blitz following nearly two years without face-to-face meetings due to the...

From oil prices to company stocks buoyed by positive results, several factors resulted in changes in key benchmark indices.

The Kingdom seeks to increase its net FDI inflow by 1,816 percent between 2021 and 2030, raising it to $103.5 billion annually by 2030, up from $5.4 billion in 2020.

Key regional leaders were present as Saudi Arabia on Friday made its first appearance at the Winter Olympics after alpine skier Fayik Abdi qualified to compete in Beijing 2022.

A Danish court on Friday convicted three leaders of an Iranian Arab separatist group based in the Scandinavian country of spying for Saudi intelligence between 2012 and 2020.

Emaar EC has signed a rescheduling agreement with the Saudi British Bank revising the terms of SR976.25 million Shariah-compliant outstanding long-term Tawarruq facility.

Zain-PlayHera joint venture aims to enhance the capabilities of esports professionals and nurture local talent in the regional markets

The Giants Brigades was established in 2015 on Yemen's western coast after the Saudi-led coalition's intervention that same year.

GCC countries appear to be reaping the benefits of their efforts this year, with all indications pointing to the economies making significant progress.

Saudi Arabia’s General Authority of Civil Aviation (GACA) has signed an MoU with Oracle to develop and support a roadmap for digital acceleration using Oracle cloud services in GACA’s digital transformation initiative. The memorandum was signed on the sidelines of the Global Tech Conference "LEAP" held in Riyadh. It includes...

The fresh investments are said to be in line with Vision 2030, which aims to diversify the economy of Saudi Arabia, lessening its dependence on oil.

The 23-nation OPEC+ group has said in a statement that it will increase production by 400,000 barrels per day in March.

The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and less expensive for startups to do business across borders, local media reports said. This opens up potentially lucrative markets with a combined population of more than half a billion people...

The deployment, to "assist the UAE against the current threat", follows a phone call between Defense Secretary Lloyd Austin and Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan. The UAE suffered its third missile attack in consecutive weeks on Monday.

Saudi Arabia has witnessed a big jump in 'contactless' payment during the last three years, from hovering in single digits to shooting up to 95 percent during the last three years.

For several years, there has been a rush of investments from GCC countries into European sports. TRENDS explores the reasons that woo Gulf investors beside profits.

In the last two years, Saudi Arabia has attracted more than $2 billion in investments in cloud computing according to Deputy Minister for Technology Development Nawaf D. Al-Hoshan.

The MoU was concluded during the preparatory and ministerial meetings between the two sides.

Saudi National Cybersecurity Authority (NCA) has launched a business accelerator specialized in the foundational technologies and priority emerging technologies in cybersecurity and related fields, as part of the authority's initiatives to activate the local industry and innovation system for cybersecurity.

The Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, will participate in LEAP technology conference, a global gathering for technology future and emerging experts. Saudi media reports said that AEC will display a complete range of solutions, systems, and products, including its flagship Data Diode, a next-generation...

FAS Labs Limited Co., a unit owned by Saudi retail firm Arabian Centers, will set up a digital consumer microfinance company. It will be called FAS Finance and will have a capital base of $14.65 million.

Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.

Deputy Prime Minister and Minister of the Interior of the UAE Lt. General Sheikh Saif bin Zayed Al Nahyan attended the closing of the "Arab Gulf Security 3" Exercise held in the Eastern Province of Saudi Arabia.

It has also formed several panels that will function for three years.

In an annual report, a panel of UN experts said it had concluded that ‘all military and paramilitary forces loyal to the Sanaa-based authorities fall under this definition’ of having violated the arms embargo. The rebels control the capital Sanaa.

The Saudi Export Development Authority organized a meeting of a group of Iraqi and Saudi businessmen to discuss opportunities for joint cooperation between the two countries.

Houthi fire from Yemen this month on the UAE, traditionally a haven of security in a turbulent Middle East, stirred alarm at home and abroad, but for many Saudis it's nothing new. In the Jizan region of southwestern Saudi Arabia, the local population has had to live for years with...

The Emirati indices managed to show gains throughout the week, while the Saudi index was unchanged.