Lulu Retail Q3 profit $35m
For the nine-month period, net profit increased by 73.3%.
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.Saudi Arabia, UAE discuss ways to boost relations
UAE President Sheikh Khalifa bin Zayed Al Nahyan conferred the “Order of Zayed” on Saudi crown prince Mohammed bin Salman in Abu Dhabi.Aramco lands $15.5bn Blackrock deal
The deal creates the Aramco Gas Pipelines Company.Saudi Arabia drops paper, adopts e-invoicing
The first phase of electronic invoicing in Saudi Arabia has begun, affecting all taxpayers liable to VAT in the Kingdom - excluding those who do not reside there.KSA and Oman draw closer, sign deals worth $30bn
Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman began a tour of Gulf Arab countries, including former rival Qatar.‘Saudi women entrepreneurs have it easier now’
Boundary-pushing journalist and entrepreneur Muna AbuSulayman tells TRENDS how things have changed for businesswomen in Saudi Arabia.Saudi Arabia, Oman ink 13 business deals
The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.Curtain goes up on first Saudi film festival
Less than four years after lifting a ban on cinemas, Saudi Arabia is to host its first major film festival from Monday as it eyes a lucrative new industry.Saudi Arabia to speed up real-estate title registration
The move is expected to raise the country’s ranking in relevant international indexes.Saudi Arabia, UAE ripe for hydrogen investments
Green hydrogen has the potential to rapidly replace fossil fuels on a large scale, says Cranmore Managing Partner Yusuf Macun.Saudi Arabia approves entry of tourists jabbed with Sputnik
Saudi Arabia has granted approval for people vaccinated with Russia's Sputnik jab to enter the country in a move that will enable Muslims to take part in religious pilgrimages, the vaccine's developers said Sunday.Saudi non-oil private sector records growth in November
The non-oil private sector of Saudi Arabia continued to grow in November on the back of strong demand and modest price pressures for businesses, but lower growth of new orders meant it was the least marked expansion since August.Saudi Crown Prince Mohammed bin Salman to visit Oman Monday
The visit will explore diverse areas that serve the interests of the two countries.Cross-sector deals boost Saudi-French ties
The Gulf country has welcomed the increased cooperation of French companies, including in energy, water, and waste management, sustainable cities, transportation, civil aviation, mobility solutions, digital economy, and health. Meanwhile, France seeks to attract Saudi investments in the public and private sectors, namely in new technologies, emerging companies, and future...France and Saudi Arabia to resolve Lebanon row
France and Saudi Arabia have committed to "fully engage" to resolve a diplomatic row between the Gulf kingdom and Lebanon, visiting French President Emmanuel Macron said Saturday.SAMI of KSA and a French firm set up a joint venture
The Saudi Arabian Military Industries, a subsidiary of the Public Investment Fund, launched a joint venture with French company Figeac Aero to produce aerostructure components in the kingdom.Macron holds talks with Saudi Crown Prince
French President Emmanuel Macron met Saudi Arabia's de facto ruler in Jeddah Saturday to discuss regional stability, in particular crisis-hit Lebanon.Hamilton dominates Saudi practice ahead of key title weekend
Hamilton has won the last two races in Brazil and Qatar to trim Verstappen's advantage but if the Dutchman wins on Sunday and Hamilton finishes outside the top six it will be the Red Bull man who takes his crown.Lebanon stresses regional ties as Kordahi resigns
Kordahi had been in the eye of the storm for criticizing the Saudi-led military intervention in Yemen during an interview that was recorded before he became minister in September. The interview was aired on Lebanese TV after he joined the cabinet, and his comments angered Saudi Arabia, Kuwait, Bahrain, and...WTO deal saves businesses $150bn a year
The deal with members including the US, EU, and Saudi Arabia agreeing to new ways to help businesses.Samsung bags Aramco project
Samsung Engineering has bagged a $1.23 billion contract from Aramco to develop Jafurah Gas Process Package 1, a major project that marks the first shale gas development in Saudi Arabia.Capital Economics says Saudi economy will boom in Q4
Saudi Arabia will see a strong economic growth in the fourth quarter of 2021, due to a high oil production not seen since April 2020.Blink Experience backs Saudi GP
Saudi GP said the UAE company is now an official supporter.Saudi Arabia’s Rijal Almaa in list of best tourist villages in world
UNWTO selected Rijal Almaa among 175 participating entities representing 75 countries.Saudi Arabia and United Nations sign agreement to combat land degradation
Saudi Arabia's Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley has signed a cooperation agreement with the United Nations Convention to Combat Desertification (UNCCD) Executive Secretary Ibrahim Thiaw, which aims at executing the items of the Global Initiative on Reducing Land Degradation and Enhancing Conservation of Terrestrial Habitats. The agreement...SIDF inks deal with Engie
The agreement is expected to yield low-carbon energy services.Soudah joins UNWTO
SDC is the 25th member from the Mideast to join UNWTO.Saudi Arabia, UAE report first Omicron cases in Gulf
Saudi Arabi on Wednesday recorded its first case of Omicron variant infection, in a citizen its health ministry said had come from a North African country. Hours later, the UAE announced it too had detected the strain within its borders, in an ‘African woman arriving from an African country via...Jeddah edition of BIENALSUR begins at historic Qasr Khuzam museum
Following the success of the Riyadh edition, the Jeddah edition of BIENALSUR 2021, the International Biennial of Contemporary Art of the South, has launched at the historic palace and museum of Qasr Khuzam. Hosted by the Saudi Ministry of Culture and organized by the National University of Tres de Febrero...Riyadh to host Middle East’s biggest musical event from Dec 16-19
Riyadh is scheduled to host Soundstorm Festival, the biggest musical event in the Middle East, between December 16 and 19. Noted international singers and musicians are expected to perform during the event at the Soundstorm Theater. Soundstorm Festival is among the top events on the calendar of events and seasons...S&P devises new credit rating scale for Saudi Arabia
S&P Global Ratings has introduced a new national credit rating scale for Saudi Arabia in response to a growing interest in the kingdom’s local currency debt markets.Emirates, Al Jazeera among 44 GCC brands to win World Branding Awards 2021-2022
A total of 44 GCC brands, which include Emirates, Aljazeera, and ADNOC Distribution, figure in the 2021-2022 World Branding Awards. More than 5,300 brands from over 60 countries were nominated for the awards across multiple categories. Of these, only 500 brands were declared winners. The Virtual Awards Ceremony welcomed over...UAE vows to ease suffering of victims of human trafficking
The UAE has affirmed its commitment to assist in the efforts to ease the suffering of victims of human trafficking, ensure their rights, and end this crime, in line with the Sustainable Development Goals 2030.Pakistan backs Saudi bid to convene OIC session on Afghanistan
Pakistani Foreign Minister Shah Mahmood Qureshi said in a statement on Monday that his country supports the Kingdom's initiative.Marka Group’s bankruptcy a lesson for GCC firms?
Barry Greenberg, Of Counsel at BSA Ahmad Bin Hezeem & Associated, breaks down what a landmark bankruptcy ruling means for regional companies.UAE seeks to diversify economy beyond oil
With little oil but the most diversified economy in the Gulf, Dubai has gone from a fishing village to a major financial, transport and media hub in the space of a few decades. Known for its glitzy shopping centres and its forest of skyscrapers, it has become a major tourist...Saudi Arabian dunes to host Dakar Rally 2022
The Dakar rally will be raced across the daunting deserts of Saudi Arabia again in 2022 with organizers on Sunday revealing the full route that exploits the depths of the Rub' al Khali.Saudi Arabia hosts region’s biggest cybersecurity event
It will be held at Riyadh Front, one of the entertainment zones for Riyadh Season 2021.Saudi PIF aims to invest $1.1 trillion by 2025
The Public Investment Fund, which seeks to lessen the Kingdom's reliance on oil as part of Vision 2030, eyes both local and international marketsSaudi Arabia cancels maximum age for foreign pilgrims
Saudi Arabia has cancelled the maximum age limit of 50 years for all foreign pilgrims, as per local sources.Saudi officials seize a big haul of drugs at border
Saudi officials of the Zakat, Tax and Customs Authority (ZATCA) have seized more than 2.1 million Captagon pills at Haditha Border Entry Point in some seven attempts to smuggle contraband into the kingdom.Global ripples await MidEast markets on Sunday
Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.Arab countries ban travel from African nations
The United States and several European countries have taken similar steps, banning travel from at least seven southern African countries. South African Health Minister Joe Phaahla told reporters that he felt some of the reactions to the new Covid-19 variant that was found in South Africa were ‘unjustified.’Saudi Arabia to allow expats of six countries direct entry from Dec. 1
Saudi Arabia will allow direct entry of fully vaccinated expatriates from Indonesia, Pakistan, Brazil, Vietnam, India and Egypt from December 1 without the need to spend 14 days in transit outside their countries before entering the kingdom, reports said. However, they will have to spend a five-day quarantine regardless of...Carbon capture tech finally gaining speed: IEA
For net-zero, carbon-capture tech cannot spend another decade on the sidelines of climate mitigation efforts, said the IEA.Saudi Fashion Commission to host Global Fashion Exchange in Riyadh
The GFX Swap Shop represents the latest development for the Fashion Commission as they continue to spearhead the growth of the Kingdom’s fashion sector. The Riyadh fashion swap event marks the first time that the Global Fashion Exchange has visited Saudi Arabia; showcasing the Kingdom’s vision for promoting a forward-thinking...Russia-Islamic world cooperation meeting in Jeddah
Joint cooperation in dealing with regional and international issues was discussed at the meeting in Jeddah.Saudi Film Commission to announce strategy on Sunday
The move is believed to be part of the Saudi Vision 2030 strategy, through which the country looks to diversify its economy.Saudi employers can now issue residence, work permits on quarterly basis
Saudi Arabia has announced a new procedure that allows employers to renew residence permits, work permits and financial compensation for a minimum period of three months. The employers can issue permits for a varying period of three to 12 months, with the exception of domestic workers. Local media reports said...Saudi non-oil exports leap up 28% to $18.48bn in Q3
Saudi Arabia recorded a 28.4 percent rise in non-oil exports in the third quarter of 2021 to $18.48 billion thanks to higher shipments of plastic and chemicals.


















































