Lulu Retail Q3 profit $35m
For the nine-month period, net profit increased by 73.3%.
Saudi Arabia’s overall merchandise exports rise by 90 percent in Oct. 2021
Saudi Arabia’s overall merchandise exports increased by 90 percent in October 2021 compared to October 2020, when international trade was impacted by the lockdowns and the travel bans due to the breakdown of Covid-19 in many world countries. According to the international trade report for Oct. 2021, released by the...Which are priority sectors in 2022 Saudi budget?
With the worst of the repercussions of Covid-19 expected to be in the rearview mirror, there are some specific sectors Saudi Arabia is focusing on in 2022.Ecommerce is fastest-growing channel in ME
In the Middle East, Saudi Arabia, Egypt, and the UAE account for nearly 80 percent of the overall ecommerce market.Gulf stocks rebound after selloff
The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020.An old Greek Cargo Ship attracts tourists in Saudi Arabia
The ship was loaded with foodstuffs and sailed in 1978 from a Greek port towards the Aqaba port in Jordan, but it hit the coral reefs nearing the beach of “Bi’r al Mashi.Saudi economy set to be buoyant in 2022
The country is aiming for a budget surplus for the first time in eight years amidst increasing oil prices and the gradual opening of global markets, say market research firms.Jordan and Saudi Arabia discuss ways to develop agriculture sector
Jordan and Saudi Arabia have discussed the ways to increase the exchange of crops and foodstuffs between the two countries. Jordan's Minister of Agriculture Khaled Hneifat met a delegation of the Saudi Ministry of Agriculture, Environment and Water to discuss the importance of exchanging joint expertise to develop the agricultural...Saudi-led coalition rejects Iran charges on Yemen envoy evacuation
Iran's envoy to Yemen, Hassan Eyrlou, died on Tuesday despite being flown out from the Huthi rebel-held capital in a rare exemption from a Saudi-led air blockade. Tehran blamed the "slow cooperation of certain countries" in facilitating Saturday's evacuation for Eyrlou's death. ÂUN agency says to cut food aid to Yemen for want of funds
Yemen has been devastated by a civil war between the Saudi-backed government and Iran-backed Huthi rebels since 2014.New Dubai adventure: Eco-friendly surfing
What makes Dubai a tourist hub and an essential market for sustainable surfing is the region’s proximity to the sea? Okahina Wave's CEO Laurent Hequily has answers.Saudi media says the kingdom supports Yemen’s legitimate government
The General Authority for Statistics (GASTAT) released the Labor Market Publication, confirming that the unemployment rate of Saudis remained stable at +15 for Quarter 3 of this year at (11.3%) compared to the previous quarter.Is GCC inflation out of control?
The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that were affected the hardest during the Covid-19 crisis, Chief Economist at Oxford Economics Middle East, Scott Livermore, tells TRENDS in an interview.Over 700,000 flock to Saudi Arabia’s top music festival
Record crowds of over 700,000 revelers flocked to Saudi Arabia's MDLBeast Soundstorm music festival, authorities said Monday, at the end of the four-day event in the oil-rich desert kingdom. The electronic music festival comes as Saudi's leaders are pushing efforts to change its conservative image and diversify its economy, only...Saudi exempts Iran Yemen envoy from air blockade for Covid treatment
Iran's ambassador flew out of the rebel-held Yemeni capital to receive Covid treatment Saturday in a rare exemption from an air blockade enforced by a Saudi-led coalition, Saudi and Iranian officials said. "The ambassador left on an Iraqi aircraft and is probably now in Baghdad," a senior Saudi official familiar...Collapse of Afghanistan has regional, international repercussions: Saudi FM
Saudi Arabia has said the collapse of Afghanistan would lead to chaos that has regional and international ramifications, while stressing the need to ensure that the country does not turn into a haven for terrorist and extremist groups. Speaking during the emergency meeting of the Organization of Islamic Cooperation hosted...Saudi Arabia contributes to support date palm sector globally
In 2020, Saudi Arabia hosted the International Date Council meeting, under the chairmanship of the Minister of Environment, Water and Agriculture.Saudi Arabia advises citizens against foreign travel
The Saudi Public Health Authority has also announced new precautions for travelers entering the country.Saudi festivals celebrate cultural blooming
As Saudi Arabia opens up on the culture front, tourism gets a leg-up in a boost for Vision 2030.US$20bn Jeddah Central Project launched
The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah.Saudi camel beauty pageant hit by cheating
The King Abdulaziz Camel Festival is an annual bedouin event held in the desert northeast of Riyadh that lures breeders from around the Gulf with prize money of up to $66 million.Saudi index shines, UAE stocks ripple
Global cues and local developments could not dampen the overall improvement.Saudi’s Prince Mohammed, a champion of moderate Islam, takes the reins
While Prince Mohammed has been considered the de facto leader since his appointment as heir to the throne in June 2017, his growing prominence has never been more apparent than when he met with French President Emmanuel Macron in early December, and led the Gulf Cooperation Council summit on Tuesday.Saudi Arabia sends humanitarian aid to Afghanistan, first after Taliban takeover
Saudi Arabia sent two aircraft carrying humanitarian aid to Afghanistan Thursday, state media reported, its first such initiative since the Taliban took control of the crisis-stricken country in August. The kingdom's state-run King Salman Humanitarian Aid and Relief Center (KSRelief) sent more than 65 tons of aid, including 1,647 food...Saudi Arabia among five countries bidding for World Expo 2030
King Mohammad bin Salman bin Abdulaziz recently announced that the kingdom would bid for the expo.Saudi Arabia to dominate regional ecommerce
Factors ranging from internet penetration to smartphone ownership to bank-account holdings, and more are coming together to make Saudi Arabia an ecommerce powerhouse.Saudi Arabia looks to lead solar-cell industry
Demand for PV technology will increase in 2022, says Fahad Bin Omairah, CEO of Bin Omairah Holding Company.Saudi Arabia stresses need for international cooperation to fight corruption
Combating corruption requires cooperation from every person in all societies at all levels in all its forms and manifestations, said Mazen bin Ibrahim Al-Kahmous, President of Saudi Arabia's Oversight and Anti-Corruption Authority. Al-Kahmous was speaking at the ninth session of the Conference of States Parties to the United Nations Convention...GCC Summit issues Riyadh Declaration
The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.UNESCO adds Arabic calligraphy into heritage list
A total of 16 Muslim-majority countries, led by Saudi Arabia, presented the nomination to UNESCO, which announced the listing on Twitter.Cooperation, security remain focus of GCC summit
The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.Saudi Arabia, UAE fashion industry set for boom
The UAE and Saudi Arabia seem poised to see their respective fashion sectors double their revenues in the near future.Curtain falls on Saudi’s first major film festival
The event, where 138 films were screened from 67 countries, was organized four years after the kingdom lifted a decades-old ban on cinemas.Abu Hamdan sets sights on Jordanian underworld
'Boomah (Owl)' is based on research that has been carried out by Abu Hamdan into three female ‘thugs’ who shook up the Jordanian underworld in the 1980s, 1990s and 2000s.Saudi Arabia launches regional center for sustainable development of fisheries
The center was announced by Crown Prince Mohammed bin Salman during the Middle East Green Summit held in Riyadh recently.Saudi Arabia, Egypt sign MoU to enhance anti-corruption cooperation
Saudi Arabia’s Oversight and Anti-Corruption Authority and Egypt’s Administrative Control Authority have joined hands for international cooperation.Saudi Arabia eyes budget surplus after years of deficit
Total expenditures were budgeted at SAR955 billion, and revenues at SAR1.045 trillion, giving a surplus of SAR90 billion.Al Arabia of KSA sets up a joint stock firm in Egypt
Al Arabia also known Arabian Contracting Services Co., has set up a joint stock company in Egypt with United Media Services Company, marking its first partnership outside the kingdom.SEDCO of Saudi Arabia to hike REIT fund by $187m
SEDCO Capital of Saudi Arabia has launched an additional offering of its real estate investment trust fund to increase asset value by SR702 million ($187 million).Consumer ‘experience’ reshapes retail in the Gulf
Companies are increasingly focusing on health and wellness in products and services, says Mohammad A Baker, Deputy Chairman and CEO of Dubai-based conglomerate GMG Group.Iran-Saudi cooperation could set up new regional system: Johns Hopkins Prof
Negotiation is the first and foremost step, but not the last one, Nasr said, noting that there should be considerable agreements and outcomes to let the trust grow.Rules to obtain a Saudi passport, explained
Holders of Saudi passports can travel to up to 34 countries without a visa, and may obtain a visa at the airport in 42 countries.Saudi prince ends GCC tour with Kuwait
Saudi Arabia and Kuwait pledged to enhance bilateral cooperation and coordination in security, military, and economy.Jahez to raise $428m through IPO
HSBC is the financial advisor of the Saudi online food delivery startup.Saudi Arabia, Singapore to enhance cooperation in digital economy
The Kingdom and Singapore seek to activate the partnership by signing a memorandum of understanding for digital cooperation.Saudi markets rocky, Abu Dhabi index loses ground
The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains.Saudi Arabia eyes gas primacy with Al-Jafurah
The country is looking to move up a position and become the world’s second-largest gas producer with this field.Saudi Arabia, Bahrain review ways to boost ties
The two countries are seeking to establish a regional complex for the extraction, use, and storage of carbon.First ever Riyadh Philosophy conference launched
CEO of the Ministry of Culture’s Commission for Literature, Publishing and Translation Dr Mohammed Hasan Alwan opened the conference.As thaw sets in, Qatar and Saudi Arabia review ties
Qatar's emir Sheikh Tamim bin Hamad Al-Thani and visiting Saudi Crown Prince Mohammed bin Salman discuss ways to support and enhance security and stability in the region.Aramco taps L&T for Saudi facility
Spread over 120,000 square meters of area, the facility which is to construed by L&T aims to create crucial equipment for several industries such as power, oil and gas.


















































