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...

The Disney stamp, which commemorated Donald Duck’s 85th anniversary, measured a little over 44 square feet.

The Internal Auditors Associations of the UAE and Saudi Arabia have signed a cooperation agreement to work the internal auditing domain jointly. Abdulqader Obaid Ali, Chairman of the Board of UAE Internal Auditors Association, and Abdullah Saleh Al-Shebeili, CEO of the Saudi Internal Auditors Association, signed the agreement. Media reports...

Nicos Anastasiades was received by Prince Mohammad bin Abdul Rahman bin Abdulaziz, Deputy Governor of the Riyadh Region.

Despite the global closures and economic crisis, the tourism sector in the Gulf region fared well in 2021 due to several factors such as the easing of restrictions and government support.

This regulation reportedly aims to improve the manner of the reporting of violations of the Capital Market Law and its implementing regulations.

The remarks were made during the GCC Secretary General Al-Hajraf’s meeting with the Indian Ambassador to the Kingdom of Saudi Arabia Dr. Ausaf Sayeed.

The wave of inflation continues to put pressure on consumers not just in the United States, Europe, and the Arab world, but also in the Gulf region. Economies in the Middle East are exposed to the global price fluctuations because of heavy import dependence. Localized factors like rental deflation and...

Diversifying, and strengthening local production structures is the most appropriate way to reduce inflation. Entrepreneurs and start-up companies may come forward to help their respective governments in finding more sustainable development solutions. The menace of inflation cannot be managed alone.

The squeeze on real incomes within the region due to higher inflation may depress regional trade flows. The situation may worsen further if the global central banks' attempts to control rising consumer prices, which will ultimately dampen global economic activity.

Investing in inflation-protected bonds and gold may provide some hedge against consumer price rise. Putting money into the real estate sector is also a safe bet, believe some regional experts.

The main reason for high inflation rates in the GCC is a rebound in prices in the sectors that were hit the hardest during the Covid-19 crisis. The global energy prices are also exerting significant pressure on the region.

During the past four years, the kingdom has created 555,000 new jobs as part of its plan to develop $1 trillion worth of new projects to meet its Vision 2030 goal.

Shurooq is currently considering in several Arab and Gulf Cooperation Council (GCC) countries, including Egypt, Saudi Arabia, Oman and Qatar, Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority. Shurooq has received a proposal to establish similar entities to Sharjah Sustainable City in Australia and...

Lucid Motors has leased a big plot of land for $30 million in King Abdullah Economic City Industrial Valley, in Saudi Arabia, to produce electric vehicles in the kingdom.

The new initiatives are expected to support environmental and water sustainability in accordance with the Saudi Vision 2030.

According to a Jordanian Trade Ministry statement, the two countries discussed preparations for holding the 17th session of the Joint Commercial Committee meetings.

Saudi Arabia confirmed its commitment to the OPEC+ agreement with Russia Sunday, the Saudi Press Agency reported, as Moscow faces international criticism over its invasion of Ukraine. Crown Prince Mohammed bin Salman made the comments during a conversation with French President Emmanuel Macron that also covered the situation in Ukraine...

The total green sukuk market is worth more than US$15 billion, according to Refitiniv, with the Islamic Development Bank (IsDB) being the first in the market with a US$ 2.5 bn offering. However, figures show that Sustainability and green-themed Sukuk were rising in 2021, mainly since large entities are investing...

The government said the non-oil foreign trade figures of all emirates also witnessed growth individually in varying levels. The growth was consistent across all areas, including exports, imports and re-exports.

Fatima Group, a Pakistani industrial conglomerate, has signed two MoUs of over $1 billion with two key global agriculture stakeholders – China Machinery Engineering Company (CMEC) from China and Sarh Attaqnia Co. (SAC) from Saudi Arabia at Expo 2020. A formal signing of the business partnership was held at the...

Shares of Ma’aden, the Saudi mining company, vaulted six percent in trading on Sunday when news broke of its record earnings for 2021.

Saudi stocks posted gains in the early hours of trading on Sunday due to a dip in the prices of crude oil. Stocks world over posted losses last week as Russia invaded Ukraine, taking over many areas of the western neighbor.

Saudi Arabia has taken steps to maintain the stability of domestic supply in accordance with the food security strategy.

Saudi Arabia and the UAE are driving the real estate market in the Middle East region with the backing of government and evolving market dynamics.

Choosing sides in Ukraine's crisis would have once been easy for Gulf states long protected by the US, but growing ties with Moscow are forcing them to strike a balance. As the world rushed to condemn the Russian invasion of its smaller neighbour, the wealthy Gulf Cooperation Council (GCC) countries,...

Saudi National Bank, with backing from its largest shareholder, the Public Investment Fund, is looking to make big acquisitions in Europe and Asia.

The new companies’ offices are in London, New York, and Hong Kong.

The Arab oil and gas producers are likely to close the gap that could arise from the disruption of oil flows from Russia, according to the Institute of International Finance.

GASTAT data said the value of exports amounted to SAR106.3 billion ($28.35 billion) in December 2021.

Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.

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.