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.

Iran's foreign minister on Saturday appeared to welcome recent comments by Saudi Arabia's crown prince about relations between the two regional rivals as a sign of Riyadh's "desire" to restore severed ties. Saudi Crown Prince Mohammed bin Salman in an interview said that his country and Iran were "neighbors forever".

Thanks to a spike in crude oil prices pushed beyond $100 by the Russian-Ukraine conflict, the stock markets of Saudi Arabia and the UAE posted gains in February.

Malaa Technologies will launch its banking operations in Saudi Arabia after it obtained an approval from the kingdom’s central bank.

The head of Saudi Basic Industries Corporation (SABIC) has urged ‘chemical companies’ to decarbonize promptly in order to improve what he termed as green credentials.

The Makkah Chamber of Commerce and Industry and Jordan have signed an agreement to boost economic ties between the two countries. The bilateral agreement aims to be worth more than $1 billion.

The country has been able to overcome the hurdles that stood in the way of achieving food security by implementing comprehensive strategies and plans.

Saudi exports to the world are estimated to grow 7.6 percent to $354 billion by 2030, according to Standard Chartered.

Al Arabia, an advertising firm, has posted a net profit of $55 million in 2021, a 718 percent jump compared to the previous year.

The projects that the SFD contributes to financing through loans and grants in Pakistan amount to around SAR5 billion ($1.33 billion).

Saudi Arabia’s Crown Prince Mohammed bin Salman has created quite a few ripples with his views on all things important during his first interview to a non-Saudi publication in two years.

Prince Mohammed bin Salman called for a "political solution" after the Russian invasion and also reiterated his support for the OPEC+ group of oil producers.

Saudi Arabia witnesses a 37 percent rise in the number of fintech startups and a $181 million increase in venture capital investments, giving a boost to the sector.

Saudi Crown Prince Mohammed bin Salman has said Israel could be a "potential ally" of Riyadh, in remarks published Thursday. "For us, we hope that the conflict between the Israelis and Palestinians is solved," the  prince told US monthly magazine The Atlantic, according to remarks carried by the official Saudi...

However, just because there is inflation doesn't mean that people aren't spending, but they are spending differently. The that sales are expected to rise from US$ 317 bn in 2021 to between US$ 336 bn and US$ 347.5 bn in 2022.

The Kingdom's startup Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater in humidity-controlled greenhouses.

Saudi energy giant Aramco's shares rose to a record high on Wednesday amid a surge in global oil prices following Russia's invasion of Ukraine. The Gulf kingdom -- the world's top crude exporter -- has remained the firm's majority shareholder since a December 11, 2019 listing.

The transaction was done by Merak Capital.

Named Moyasar Financial Company, the new entity is expected to provide ecommerce payment services.

In an exclusive interview, Tel Aviv Stock Exchange CEO Ittai Ben-Zeev speaks on his strategy to attract investors from the Arab world, especially the UAE and the GCC.

Saudi Arabia's Ministry of Environment, Water and Agriculture (MEWA) has inaugurated the first Saudi farm exporting Murciano goats in Riyadh. Agriculture Agency represents MEWA and the farm was inaugurated in the presence of Ministry's Undersecretary for Agriculture Eng. Ahmed bin Saleh Al-Ayada. The livestock breeders received the license for the...