While the country has scrapped social-distancing, it has not done away with the mask mandate.

The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.

Thousands descended on St James' Park when the takeover was finalised just over a week ago, celebrating the end of Mike Ashley's miserable 14-year reign as owner, as well as the potential of becoming one of the most powerful clubs in Europe.

Seven people were killed as snipers opened fire on a rally by Hezbollah, the powerful group allied with Saudi Arabia's regional rival Iran, and fellow Shiite movement Amal as they protested against a judge investigating last year's devastating port blast.

Saudi Arabia’s non-oil exports rose 37 percent to a record SR125.3 billion in the first half of 2021, SPA reported. Non-oil exports were SR91.7 billion in the first half of 2020.

The US sees Saudi Arabia as a vital partner and America is committed to the defense of the Kingdom, US Secretary of State Antony Blinken said.

For Asma, spending a day on the beach with her boyfriend was unthinkable until recently in deeply conservative Saudi Arabia. 

The rate of inflation in Saudi Arabia spiked in September after being at the lowest level in August, according to official data.

Sukuk momentum is expected to continue over the medium term supported by intact investor appetite, funding diversification and refinancing needs, Fitch Ratings has said in a report. “Sukuk supply-demand imbalance will continue to be a key growth factor but not without headwinds,” said Bashar Al-Natoor, Global Head of Islamic Finance,...

Saudi Arabia seeks to boost its economic output to reach $1.71 trillion, Saudi Investment Minister Khalid Al-Falih said on Wednesday.

This will help the bank address major issues in export credit.

The Saudi Industrial Development Fund has unveiled a set of programs and initiatives as part of its annual meeting to empower the private sector today.

The plots are said to have been issued under the country’s Sakani Housing program, which is a part of Saudi Arabia’s drive to increase homeownership among the Saudi families. More than 145,000 families have benefited from the program since the beginning of this year until August.

Regional rivals Saudi Arabia and Iran are showing signs of warming relations and a foreign diplomat in Riyadh has said that the two sides "were on the verge of agreeing" on a deal.

Qatar and Saudi Arabia lead the GCC countries when it comes to spending on education.

Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector, a position enjoyed by the UAE for many years.

A drop in Saudi joblessness during the second quarter of the current fiscal year from 11.7 percent to 11.3 percent is seen as a sign of a healing economy, according to investment bank Jadwa.

She has made a lucrative career as an intermediary for wealthy Gulf-based investors looking to invest in Europe through her company, PCP Capital Partners.

The main Saudi stock index closed trading on October 7, with an increase of 19.45 points, to close at the level of 11,591.33 points, with transactions worth 6.5 billion riyals.

Iraq's relations with Iran have improved since the fall of Saddam and, since 2017, the ties with Saudi Arabia have also become better.

Average monthly salaries of Saudi workers have grown by 5.2 percent to SAR 10,490 during the second quarter of 2021, compared to SAR 9,970 in Q2-20.

FedEx Express is a subsidiary of FedEx Corp.

Iran is set to deliver more fuel in the coming days to Lebanon for distribution by the Shiite movement.

"Following the completion of the Premier League's Owners' and Directors' Test, the club has been sold to the consortium with immediate effect," the Premier League said. The consortium includes the Saudi crown prince's $430 billion sovereign wealth fund PIF, which is crucial to the country's strategy to create new sectors...

The memorable landmark was conceived as a minimalistic prism that rises from the ground towards the sky, symbolizing Saudi Arabia's unlimited ambitions.

The region is also fast adopting modern agricultural practices such as vertical farming, hydroponics, greenhouse vegetable production to grow more food locally. Indoor vertical farming is changing the course of agriculture in the GCC and helping to improve food security in the region.

Saudi Arabia banned the major broadcaster, which holds the rights to the English Premier League (EPL) and other top competitions, in 2017 at the start of a diplomatic and transport blockade of Qatar which ended in January. "Saudi Arabia's 4.5-year illegal ban on beIN is going to be reversed," a...

With an improvement in global oil demand, the World Bank has predicted Saudi Arabia’s average gross domestic product to reach 2.4 percent in 2021 and 3.3 percent the next year.

The market value of Aramco has exceeded $2 trillion after its shares vaulted to their highest level since the start of 2020.

The punishments could include monetary penalties, imprisonment, and then subsequent deportation.

A photo of Saudi Crown Prince with the Qatari emir and the UAE's security adviser shows youthful, physically fit leaders enjoying a friendly, informal get-together, writes Ali Shihabi

Bahrain plans to double its VAT rate to 10 percent, which is likely to drive its citizens to shop in the neighboring United Arab Emirates.

Jabal Omar Development Company, one of Saudi Arabia's largest-listed property developers, has signed a deal to restructure a SAR 4.7-billion ($1.25-billion) loan agreed in 2015, including by increasing it and extending the maturity. The facility, provided by Saudi British Bank (SABB) and Samba Financial Group, will have a draw limit...

There has been a sharp growth in Saudi Arabia’s non-oil private sector in September, the fastest in seven years, according to HIS Markit.

S&P Global Ratings has forecast that private sector lending will remain muted for one to two years in GCC countries. But, it added, that Saudi Arabia might buck the trend.

Egypt and Saudi Arabia have signed a $1.8 billion electricity interconnection project that aims to exchange some 3,000 MW during peak times.

Saudi Arabia had achieved contactless payment adoption of 94 percent, which is higher than even the EU.

The Arab countries have their own share in terms of investment in innovations with the UAE and Saudi Arabia leading from the front, a latest report has pointed out.

Alturki Holding oil arm, the Saudi Sawafi company, has bought out Newsco, the US drilling services company, for an undisclosed sum of money.

Talaat Moustafa Group, the Egyptian real estate company, is looking to expand into Saudi Arabia and Iraq to take advantage of the demand for housing there.

The Red Sea Development Company (TRSDC) of Saudi Arabia has partnered with an Austrian biotechnology firm, Blue Planet Ecosystems (BPE), to produce seafood, and to conduct algae production in a desert environment.

Raging political crises across the region have negatively impacted the economies of several countries. Consequently, spending on research has barely increased since 2014.

Mace, the global construction company, will be working on a big lifestyle destination project in Riyadh, its developer Majid Al-Futtaim said.

Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a public offering, following the company’s exit from Dubai’s Amanat.

The CZ is one of the top firms in the United Arab Emirates.

Saudi authorities will require people to have double immunization starting at 6 am on October 10 if they are to go to places.

The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western Europe 4.8%, and North America 4%.

The Saudi Stock Exchange will be added to its widely followed Emerging Markets Government Bond Index (EMGBI), the global index provider FTSE Russell has announced.

The transaction will be reflected on Anaam’s Q3 financial results.

The main Saudi stock index closed today, up, gaining 112.11 points, to close at 11495.76 points, with trading value worth SR 6 billion.