The non-oil trade through Abu Dhabi ports during 11 months in 2021 amounted to AED190.20 billion ($51.78 bn), an increase of 2.9 percent compared to the same period in 2020. A report released by the Statistics Centre-Abu Dhabi (SCAD) said imports accounted for AED83.63 billion of the non-oil trade and...

Season 8 of the ABB FIA Formula E World Championship is set to launch in Saudi Arabia, and some of the best drivers in motorsport have gathered at one of the world's most picturesque sporting locations.

Notable achievements of the kingdom include establishment of Global Center for Tourism Sustainability and its selection to host World Travel and Tourism Council's world summit.

Saudi Arabia will begin housing and population census on 9 May 2022, according to Minister of Economy and Planning Faisal bin Fadhil Alibrahim. Albrahim, who is also the chairman of the Board of Directors of the General Authority for Statistics (GASTAT), is the census that is conducted every 10 years...

Al-Khasawneh stressed the establishment of investments and joint projects in a way that contributes to addressing and responding to the challenges of climate change.

Chairman of the Federation of Saudi Chambers (FSC) Ajlan Al-Ajlan has called for preparing a roadmap to enhance economic relations between Arab countries and the Russian Federation. He suggested stimulating bilateral business councils, increasing benefits from government support, activating cooperation in the small and medium-sized enterprises between the two regions....

Saudi Arabia and Iraq are looking to build a wide-ranging economic partnership as they sign electrical interconnection deal on the sidelines of the Saudi-Iraqi Joint Forum.

Saudi Arabia has launched a group to develop its video gaming industry, state media reported Wednesday, as the kingdom seeks to diversify its oil-dependent economy. Video gaming and esports have grown in popularity in the kingdom of some 35 million people, the majority of whom are under the age of...

Saudi Arabia and Romania signed on Tuesday a defense cooperation agreement that covers training, exchange of expertise, technologies, developing communications systems, medical services, military history, archives, publications, and museums, among others. The agreement is in line with the two sides’ commitment to promote and encourage international peace and stability. Assistant...

According to a report by General Authority for Statistics (GASTAT), the overall merchandise exports of Saudi Arabia increased by 82.5% in November 2021.

Saudi Arabia’s Tourism Development Fund (TDF) today announced a strategic partnership with Al-Ameen Real Estate, part of Al Nahla Group, to launch a SAR 300 million ($79 million) tourism project in Taif region. Named ‘Taif Front’, the 100,000 square meter destination will be ideally located in the heart of Taif...

The region must urgently strengthen innovation and localization. These two make significant contribution to GDP and jobs, either directly through revenue and direct employment, or indirectly by nurturing a startup ecosystem. Governments should begin this process by identifying and prioritizing sectors that fit with the country’s resources, strengths, and strategic...

Here is a comparison between the top equity markets in the Middle East, and how they stack up against a couple of their global counterparts.

The Gulf region stays strong both regionally and globally in terms of the number of internet users and the populations with maximum number of cell phones.

Fitch Solutions has upgraded the Saudi Electricity Company's credit rating from A- to A with a stable outlook, an upgrade that matches the Kingdom of Saudi Arabia's sovereign credit rating. The international agency emphasized that the new classification was driven by the result of the improvement of the company's independent...

Saudi Arabia's finance minister, Mohammed bin Abdullah Al-Jadaan, has stressed the need for the promotion of the joint Gulf action, with the need to raise the pace of coordination among all GCC states.

The UAE air defense forces have intercepted and destroyed two ballistic missiles targeting the country, the Ministry of Defense announced on Monday. On the other hand, Houthi ballistic missiles fell on some car workshops in the Ahad Al-Masarihah governorate in the Jazan region of Saudi Arabia.

The two countries are working on a broader strategy to strengthen collaboration in health care, science, technology, hydrogen, public health, and artificial intelligence.

Saudi Arabia, represented by the General Authority of Civil Aviation, chaired the meeting of a team of aviation security experts within the Middle East Aviation Security Cooperative Program (CASP-MID), which was hosted on January 19-20, aimed to adopt aviation security activities and programs for the year 2022. The meeting was...

Prime Minister Prayut Chan-O-cha will this week make the first visit by a Thai leader to Saudi Arabia in more than 30 years following decades of diplomatic tension sparked by a jewel theft from a Saudi palace. Thai-born janitor Kriangkrai Techamong stole $20 million worth of precious gems in 1989...

In 2021, Triple-A estimated global crypto ownership rates at an average of 3.9 percent, with over 300 million cryptocurrency-owners and users worldwide. Over 18,000 businesses are already accepting cryptocurrency payments.

The debt instruments are issued by the Saudi government and submitted by the Ministry of Finance.

The surge in oil prices fueled the start of the week's high for the Saudi stock market, while the UAE indices fluctuated throughout the week.

Several investment companies and investors interested in privatization projects attended an investor forum organized by Saudi Arabia’s National Center for Privatization (NCP) in cooperation with Riyadh Bank. The Center said that developments in the privatization system were taking place at an accelerating pace and with a high level of movement...

Boutique Group, a new hospitality brand that will manage and convert a collection of iconic historic and cultural palaces in Saudi Arabia into ultra-luxury boutique hotels, was launched by Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. Saudi media reports said the company will revive the heritage and culture...

"While online learning is a supplement to a broader educational experience, course enrollment statistics strongly imply that it is a vital aspect of professional growth for many, particularly busy professionals," Anthony Tattersall, VP of EMEA at Coursera, tells TRENDS.

The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in the Kingdom of Saudi Arabia for the fourth quarter (Q4) of 2021. According to the GASTAT, the real estate price index (RPI) increased by 0.9 percent in the fourth quarter...

A young population, increased user spending, robust govt backing for games and e-sports and new players are poised to push the sector's growth in the region.

Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, POSCO and Samsung C&T signed here today a tripartite memorandum of understanding aimed at developing a project to produce green hydrogen for export. The event took place on the sidelines of the Saudi-Korean Investment Forum, which was held in Riyadh.

The signings took place at the Saudi-Korean Investment Forum.

BCCI chief reviewed ways to further increase the volume of bilateral trade

The Saudi Food and Drug Authority has issued a guide explaining what fats are, their benefits, their sources and types, and the recommended amount for each.

Emaar EC signed the $16-million contract with SAFE.

Iranian diplomats are in Saudi Arabia to start work at a global organization representing Muslims, a first since the two rivals cut ties in 2016, Iran's foreign ministry announced on Monday. "The delegation is now in Jeddah to start its work at the Organization of Islamic Cooperation," Saeed Khatibzadeh said...

The year 2022 would “offer a more comprehensive acceptance of remote working policies, as more companies are allowing employees anywhere,” Sam Tayan, head of MENA at Zoom, told TRENDS in an interview. Zoom is eyeing a big piece of the video-communication pie in these countries.

The exports of the Amman Chamber of Industry (ACI) increased last year in 2021 to "high" levels, compared to 2019, driven by the increase in exports of eight sub-sectors, according to official data. These figures indicate that Jordan's industry overcame hardships and enhanced its presence in important global markets, based...

South Korea's soft power matches its economic achievements, President Moon Jae-in said on Sunday at the start of a Middle East tour expected to focus on business and trade opportunities.

Scientific and Medical Equipment House of Saudi Arabia has set a price range between $12-13.9 per share for its offer amid a prospective IPO on Saudi Arabia’s main index, TASI.

The Henley Passport Index ranks 199 passports, based on how many countries and territories their holders can travel to without needing a visa.

Despite an increase in Omicron cases across the world, investors remain confident in the Saudi stock market. The UAE markets, meanwhile, stay cautious.

The Saudi Zakat, Tax and Customs Authority has made a large seizure of Captagon amphetamine pills at Jeddah Islamic Port, impounding some 8.3 million pills being smuggled into the kingdom.

David Satterfield and Assistant Secretary of State Molly Phee will travel to Riyadh, Khartoum, and Addis Ababa from January 17 to January 20.

Saudi authorities seek to promote mining investments and increase its contribution to the GDP to meet the Saudi Vision 2030 objectives.

Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG, which will see the exclusive launch rights for the first Steigenberger Porsche Design Hotel in the Middle East. The MoU is aimed at developing and operating distinctive...

Tibbiyah of Saudi Arabia that also goes by the name of the Arabian International Healthcare Holding will offer 5 million ordinary shares — 25 percent of its $53.29 million capital.

Prince Abdulaziz bin Salman, Saudi energy minister, has remarked that the OPEC+ group is independent and against any external interference in its decisions.

The region’s coffee market growing rapidly creates new business opportunities, says Ali Al-Ebrahim, founder and CEO of COFE.

Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz Al-Falih said that the mineral resources sector is among the most important resources that support countries’ economies. Participating in a session of the International Mining Conference, he said that the Kingdom of Saudi Arabia has increased its competitiveness in the sector through...

The Saudi Central Bank (SAMA) has issued controls the banks need to consider while issuing banking documents, Saudi media reports said. SAMA said that the controls (which can be accessed here https://www.sama.gov.sa/arsa/RulesInstructions/Pages/BankingRulesAndRegulations.aspx) oblige banks to provide e-verification services of banking documents issued electronically or on paper, where these documents should...

The Saudi Arabian oil company Aramco, the world’s largest integrated energy and chemicals company, is expanding its global downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments. The company has agreed to acquire equity stakes of 30 percent in a 210,000 barrels per day refinery in...