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.

French President Emmanuel Macron met Saudi Arabia's de facto ruler in Jeddah Saturday to discuss regional stability, in particular crisis-hit Lebanon.

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.

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...

The deal with members including the US, EU, and Saudi Arabia agreeing to new ways to help businesses.

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.

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.

Saudi GP said the UAE company is now an official supporter.

UNWTO selected Rijal Almaa among 175 participating entities representing 75 countries.

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...

The agreement is expected to yield low-carbon energy services.

SDC is the 25th member from the Mideast to join UNWTO.

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...

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 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 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.

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...

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.

Pakistani Foreign Minister Shah Mahmood Qureshi said in a statement on Monday that his country supports the Kingdom's initiative.

Barry Greenberg, Of Counsel at BSA Ahmad Bin Hezeem & Associated, breaks down what a landmark bankruptcy ruling means for regional companies.

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...

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.

It will be held at Riyadh Front, one of the entertainment zones for Riyadh Season 2021.

The Public Investment Fund, which seeks to lessen the Kingdom's reliance on oil as part of Vision 2030, eyes both local and international markets

Saudi Arabia has cancelled the maximum age limit of 50 years for all foreign pilgrims, as per local sources.

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.

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.

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 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...

For net-zero, carbon-capture tech cannot spend another decade on the sidelines of climate mitigation efforts, said the IEA.

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...

Joint cooperation in dealing with regional and international issues was discussed at the meeting in Jeddah.

The move is believed to be part of the Saudi Vision 2030 strategy, through which the country looks to diversify its economy.

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 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.

Tens of thousands of migrants are stuck in Yemen, unable to pay for a return trip, held hostage by smugglers or detained by local authorities.

The company is part of the UAE-based Gulftrainer group.

Saudi Arabian Mining Co., has established a fertilizer terminal in the African state of Malawi through its subsidiary, the Meridian Group.

Nuqtah, Saudi Arabia’s first non-fungible token marketplace, has closed its pre-seed funding run, but it has not revealed how much it raised.

Saudi Airlines (Saudia) has been ranked as the best brand of the year 2021 in the kingdom, rising from eighth place three years ago, according to marketing research company YouGov. Saudia won this recognition as a result of its efforts aimed at the continuous development of its services and products,...

The fund invests in early stage FinTech and SaaS companies.

Saudi pavilion at Expo 2020 put on a splendid show at the Dubai Millennium Amphitheatre, the second artistic evening organized by the kingdom's pavilion at the international exhibition

A women’s football league in Saudi Arabia is set to launch on Monday.

However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and pragmatic approach to strengthen the strategic partnership between the 27-member bloc and the GCC. In the new positive climate in EU-Gulf ties, talks on the FTA are likely to resume...

India's Reliance oil-to-telecoms giant is abandoning a $15 billion deal for Saudi Aramco to buy a 20 percent stake in its oil refining and chemicals unit as the firm pivots towards renewable energy. Reliance and other major Indian firms have since poured billions of dollars into green power to reduce...

Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs for 10 government-backed companies.

Saudi Arabia has unveiled two initiatives to help the country boost its production and manufacturing.

The two countries signed a Memorandum of Understanding in this regard in Riyadh on Thursday, November 18.

Saudi Arabia's General Authority for Statistics on Thursday launched Statistical Database, a unified channel where all data produced by the authority will be published. Chairman of the Board of Directors of GASTAT and its President Dr. Konrad Pessendrofer launched the platform. The platform uses advanced search techniques with advanced features...

The region’s financial regulators must be extra vigilant to avoid catastrophic debt crises, Khalid Abdulla-Janahi, chairman of Vision 3, UAE, tells TRENDS