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.

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...