“This will be the first non-profit city of its kind which will contribute to achieving the goals of Mohammed bin Salman Misk Foundation in supporting innovation, entrepreneurship and qualifying future leaders by defining non-profit work in its internal operational concept and in terms of opportunities and youth training programs it...

The league is a part of the federation’s 2017 program to support women's football.

The Gulf country has played a significant role both in diplomacy and evacuations as the US ended its 20-year war in Afghanistan.

UAE officials "recognise reality", delegation member and House of Representatives Majority Leader Steny Hoyer said after talks with Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum. "They know the world is working very hard not to be in a position to buy their product anymore, because they're going to alternative energy,"...

Dr Abdullah Asiri, Saudi Arabia's Deputy Minister for Preventive Health, has been chosen as one of the members of the World Health Organization's Scientific Advisory Group for the Origins of Novel Pathogens (SAGO). The SAGO includes 28 members of the world's leading scientists, representing a wide range of disciplines including...

Saudi Arabian Airlines has been the least complained about airline in the kingdom during October 21, followed by Flyadeal. For every 100,000 passengers, Saudi Arabian Airlines received seven complaints and it had a complaint-processing rate of 82 percent. At 16 complaints per 100,000 passengers, Flyadeal came second. It had a...

Stock markets in the Arab region were mostly in the green in the week gone by.

Saudi Arabia has granted citizenship to an unspecified number of people with "distinguished talents, unique expertise and specializations". ‏Saudi Press Agency reported that the announcement was made in line with the issued royal decree to grant Saudi citizenships to "experts and exceptional global talents" with "unique competencies" in religious, medical,...

Saudi Arabia has sold two bonds--a sukuk tranche and a conventional bond--for $3.25, the kingdom's National Debt Management Center (NDMC) has announced. The value of the first tranche is at $2 billion for a nine-and-a-half-year sukuk maturing in 2031, while the second tranche of $1.25 billion is for a 30-year...

Tuwaiq Sculpture is the second public art programme to be launched as part of Riyadh Art,

“The governments of the UAE and Bahrain, in light of the fraternal ties and long-term mutual interests between the two countries, consider their joint objectives and interests embodied in the articles of incorporation of the Gulf Cooperation Council (GCC),” said a joint statement quoted by Reuters.

With the retail sector rebounding in the UAE, Cyrille Fabre, a partner and director with the Middle East arm of Bain & Company, highlights what’s fueling the growth.

Saudi Arabia's GDP has risen by 6.8 percent in the third quarter of 2021 compared to Q3 2020, according to the kingdom's General Authority for Statistics (GASTAT). The authority attributed the growth to an increase in oil activities by 9 percent as a result of the rising global demand for...

With the Covid infection tapering off in Saudi Arabia, there has been a reasonable increase in hotel occupancy rates in the kingdom, and the future looks more sanguine as the pandemic restrictions have been gradually removed, according to a study by CBRE.

The profit is 21 percent lower than Q3 2020 due to a lower fuel margin.

In order to boost military cooperation, and to exchange military expertise, members of Royal Saudi Land Forces arrived in the UAE for the  "One Destiny/1" exercise with the UAE Land Forces, which will be held for three weeks.

Financial technology, or fintech, automates and improves the delivery of financial services.

The festival dispensed cultural knowledge through visual experiences and services.

Iran said Monday any new talks with Saudi Arabia will depend on Riyadh's willingness to move ahead and be more "serious" to ease tensions after a five-year rift. The regional powers have been engaged in talks since April with the aim of improving ties, with four rounds of discussions taking...

The Organisation of Islamic Cooperation (OIC) has supported Saudi Arabia's bid to host Expo 2030 in Riyadh. The OIC is the second-largest organization after the United Nations with a membership of 57 states spread over four continents. It is considered the voice of the Islamic world. Saudi Arabia is the...

Lebanese President Michel Aoun has said that his country is keen to establish good relations with the Arab countries, especially Saudi Arabia and Gulf States.

Ludovic Pouille, French ambassador to Saudi Arabia, believes that AlUla Governorate will become one of the top international tourist destinations due to its natural components and diversified history.

The largest shopping mall brand in Kuwait, the Avenues, is all set to venture into Saudi Arabia with the opening of two outlets in the kingdom in the next four years.

The Capital Market Authority (CMA) of Saudi Arabia allowed the financial market institutions to accept the subscriptions of non-Saudis in the real estate funds that invests in assets within the boundaries of Makkah and Madinah.

Abdulmohsen Alhokair, the Saudi entertainment group, has reported an increase in net losses by 17.8 percent during the first 9 months of 2021.

Tadawul, the owner of Saudi Arabia's stock exchange, will proceed with its initial public offering (IPO) and list the shares on the bourse.

Merely producing great quantities of oil or having a shortage does not dictate whether a country will have the cheapest or costliest gasoline.

Saudi Arabia might see a contraction in fiscal budget deficit this year, according to Riyadh-based Jadwa Investment.

Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings to the US and Europe.

The agency predicted the Saudi economy will return to positive growth in 2021, and the current account level will return to surplus as the fiscal deficit shrinks in 2021, accompanied by a reduction in the level of debt in the medium term.

The festival, set up on an area of 32 square kilometers and located nearly 100 km north-east of Riyadh, will also include various entertainment and cultural activities to present it as a global carnival that provides around 5,000 jobs and stands as a destination for tourists from across the world...

The Covid-19 pandemic has been the primary driver of businesses and governments embracing remote-work opportunities.

Entrustment and Liquidation Center (Infath) of Saudi Arabia has raked in its highest ever amount in October thanks to sales of more than $159.9 million.

Compared to the growth of only 0.7 percent in the second quarter of this year, Saudi Arabia's economy is likely to have grown by about 5.7 percent in the third quarter. The spurt in growth is thanks to a robust hydrocarbon sector output, London-based Capital Economics said in a report...

Basra province gets only 1 trillion dinars out of the total Iraqi budget of 130 trillion Iraqi dinars ($89 billion), according to deputy governor Dorgham al-Ajwadi.

Around 60,000 Saudi nationals were added to the kingdom's private-sector labor force under the Saudization program during the third quarter of 2021, the National Labor Observatory (NLO) has said. The percentage of Saudis in the private sector increased to 23.59 percent, up by 0.96 percent compared to the previous quarter....

The agreements are aimed at bolstering Saudi exports.

This is despite pressure from big consumer nations to open up the taps much more decisively amid soaring prices. The producers led by Saudi Arabia and Russia in the so-called OPEC+ will add 400,000 barrels per day in December, they said.

The government is breaking at the seams over a series of disputes involving a probe into last year's monster port blast, and remarks by Information Minister George Kordahi over the Yemen war that sparked reprisals from Saudi Arabia and its allies.

The powerful producers led by Saudi Arabia and Russia in the so-called OPEC+ grouping are expected to re-affirm a decision in July to modestly step up production after slashing it steeply last year as the pandemic hit global markets.

The SGTC will be headquartered in Riyadh, Saudi Arabia, and may open regional offices in other countries.

Saudi Arabia and the UAE have joined the United States and Britain Wednesday in urging the leaders of last week's military coup in Sudan to restore the civilian government. The united front with the two Arab powers comes amid hopes that the military can be persuaded to accept a climbdown.

The UAE, Saudi Arabia, and Egypt have made some strong climate-action pledges at or before COP26.

Saudi Arabia’s Herfy Food Services Company (Herfy Foods) has appointed Sam Bader as CEO, after he served as acting CEO.

The oil prices would average US$70 per barrel in 2021, Garbis Iradian, chief economist for MENA at IIF, tells TRENDS in an exclusive interview.

There is a great demand from distributors for films in Saudi Arabia, which is borne by the fact that more than 1,000 films have been released in the kingdom's cinemas during the past three years. The rising demand for films and several other points related to the film industry in...

Ding launched the second Ding Global Prepaid Index (GPI)in the United Arab Emirates and Saudi Arabia.

Lebanon on Monday called for talks with Saudi Arabia to ease a spiraling diplomatic row sparked by remarks made by a Lebanese minister on the Yemen war. 

Saudi Real Estate Refinance Company of the Public Investment Fund has announced the signing of a refinancing partnership agreement with the Real Estate Development Fund (REDF) to refinance a real estate portfolio worth SAR 10 billion.

Saudi Arabia will not reduce value added tax any time soon, but will consider doing it when it public finances will have improved. This was stated by Saudi Finance Minister Mohammed Al-Jadaan .