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.

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...