Scientific and Medical Equipment House of Saudi Arabia has set a price range between $12-13.9 per share for its offer amid a prospective IPO on Saudi Arabia’s main index, TASI.

The Henley Passport Index ranks 199 passports, based on how many countries and territories their holders can travel to without needing a visa.

Despite an increase in Omicron cases across the world, investors remain confident in the Saudi stock market. The UAE markets, meanwhile, stay cautious.

The Saudi Zakat, Tax and Customs Authority has made a large seizure of Captagon amphetamine pills at Jeddah Islamic Port, impounding some 8.3 million pills being smuggled into the kingdom.

David Satterfield and Assistant Secretary of State Molly Phee will travel to Riyadh, Khartoum, and Addis Ababa from January 17 to January 20.

Saudi authorities seek to promote mining investments and increase its contribution to the GDP to meet the Saudi Vision 2030 objectives.

Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG, which will see the exclusive launch rights for the first Steigenberger Porsche Design Hotel in the Middle East. The MoU is aimed at developing and operating distinctive...

Tibbiyah of Saudi Arabia that also goes by the name of the Arabian International Healthcare Holding will offer 5 million ordinary shares — 25 percent of its $53.29 million capital.

Prince Abdulaziz bin Salman, Saudi energy minister, has remarked that the OPEC+ group is independent and against any external interference in its decisions.

The region’s coffee market growing rapidly creates new business opportunities, says Ali Al-Ebrahim, founder and CEO of COFE.

Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz Al-Falih said that the mineral resources sector is among the most important resources that support countries’ economies. Participating in a session of the International Mining Conference, he said that the Kingdom of Saudi Arabia has increased its competitiveness in the sector through...

The Saudi Central Bank (SAMA) has issued controls the banks need to consider while issuing banking documents, Saudi media reports said. SAMA said that the controls (which can be accessed here https://www.sama.gov.sa/arsa/RulesInstructions/Pages/BankingRulesAndRegulations.aspx) oblige banks to provide e-verification services of banking documents issued electronically or on paper, where these documents should...

The Saudi Arabian oil company Aramco, the world’s largest integrated energy and chemicals company, is expanding its global downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments. The company has agreed to acquire equity stakes of 30 percent in a 210,000 barrels per day refinery in...

The MoU encourages holding joint seminars and training courses on renewable energy, energy efficiency and conservation.

A Saudi has been named in a newspaper after his conviction for sexual harassment, in an apparent first under new laws tackling a subject that is often seen as taboo. A court in the Muslim holy city of Medina ordered the public identification of Yasser Muslim Al-Arawi, who was named...

The mining sector is the third pillar of Saudi Arabia's economy and the kingdom has enormous natural resources and offers promising investment opportunities in the sector, said Governor of the Public Investment Fund Yasir bin Othman Al Rumayyan. Al Rumayyan said many of the future industries depend on the mining...

Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.

The expert opinion comes as Riyadh hosts the International Mining Conference, the largest of its kind in the Middle East from January 11 to 13.

The pro-government Giants Brigade, who are backed by the Saudis and the United Arab Emirates, announced in a statement the "liberation of the district of Ain"

The President of the Saudi Post Corporation "Sabil" Anf bin Ahmed Abanmi, inaugurated on Monday the Saudi International Exhibition for Electronic Marketing and E-Commerce SIDMC 2022. The exhibition is held at the Riyadh International Convention and Exhibition Center, under the slogan "The Future of Trade Meeting”. A number of officials...

While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia are using it to diversify their economy.

Anghami is developing social features that will enhance the listening experience of friends and family members and create communities on the platform.

The company will manage all components of Zamzam water well.

Authorities in Saudi Arabia were investigating on Sunday after a samba performance by dancers some considered too scantily clad for the kingdom, which has been diversifying its entertainment options. Over the past week videos on social media have shown three foreign samba dancers displaying their moves in a main street of Jazan,...

The event, part of the prestigious King Abdelaziz Festival, was previously a men-only affair. The top five in the women's event went home with total prize money of about $260,000.

Foreign currency reserves of Saudi Arabia dipped nearly two percent in December, according to preliminary data shared by the Saudi Central Bank (SAMA).

Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States of America have welcomed the announcement that the UN Interim Transition Assistance Mission to Sudan is facilitating discussions to resolve Sudan’s political crisis.  "We strongly support this UN-facilitated, Sudanese-led dialogue initiative. We urge all Sudanese political actors...

The management of Autoville has officially started selling tickets for the events of this International festival through its official website.

Government spending on infrastructure projects as part of the Vision 2030 program is expected to boost non-oil GDP growth.

The coalition said the rebels are using two Red Sea ports for military purposes, after the Huthis seized an Emirati-flagged vessel.

Saudi Arabia's drive to increase literacy rate in the kingdom seems to be bearing fruit. According to the ministry of education the illiteracy rate has dropped from 5.6 percent in 2019 to 3.7 percent in 2021.

A new year saw quite some ups and downs in the top stock markets in the region, even as the UAE markets adjusted to a Monday-to-Friday workweek.

Some grumbled at the change and businesses were split, with many moving to the Western-style weekend but other private firms sticking with Fridays and Saturdays, as in other Gulf states.

The latest exchange of insults follows a crisis between Lebanon and Gulf Arab states over the war in Yemen.

People are hungry to consume content that they can understand and more importantly relate to, says Eyad Basheer, chief operating officer of Tamatem.

India started its honey exports only in the fiscal year 1996-97, and is the world’s eighth-largest honey producer and ranks ninth among the honey exporting countries globally.

The midmarket rate for the Lebanese pound is around 1,500 to the dollar, but the reality on the ground is that the black-market rate of 30,000 prevails.

Prime Minister Najib Mikati has said the Hezbollah allegations do not reflect the official position of Lebanon.

Jordan and Saudi foreign ministers Monday held talks in Amman on increasing cooperation between Jordan and Saudi Arabia and coordination on regional crises. The meeting underscored the Jordan-Saudi "strategic" ties and emphasised the importance of the institutionalisation of bilateral cooperation on investment, development and environment.

Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far not heavily hit demand.The so-called OPEC+ grouping, including top producers Saudi Arabia and Russia, has withstood pressure to more widely open the taps though high energy...

The Iran-backed Huthis released images of what they said were military jeeps and weapons on board the vessel, named Rwabee, which was captured in the Red Sea off the Yemen coast. The coalition branded the hijacking an act of piracy and threatened to seize the ship back by force. The...

Turkey's President Recep Tayyip Erdogan on Monday said he will visit Saudi Arabia next month, the Turkish leader's first since the 2018 murder of Riyadh critic Jamal Khashoggi in Istanbul. Rocky relations between Turkey and Saudi Arabia worsened significantly after the brutal killing of Khashoggi inside the Saudi consulate in...

Saudi Arabia's 10 biggest companies witnessed the recovery of dividends paid out to investors in 2021, as the economy began to rebound from Covid-19 setbacks, although it remains to be seen how the Omicron variant will affect the gains. The 10 companies, valued at more than $2 trillion (SR 7.5...

At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab countries.

Several countries in the region have already formed AI policies to support their national goals after this technology demonstrated its ability to serve in several areas.

The 51-year-old, looking to win the race for the fourth time, finished the stage 12 minutes and seven seconds quicker than nine-time world rally champion Sebastien Loeb.

Exploring space is no longer a luxury, it is humanity's future, says Tunisian astrophysicist and Nasa scientist Nour Raouafi

Flights into the rebel-held capital Sanaa have been largely halted by a blockade since August 2016, but there have been exemptions for aid flights. However, Sanaa airport was closed for several days in December after the Saudi-led coalition pounded it with airstrikes.

The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year.

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