The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify economies, a young digital society and increasing digitization by firms.

Aramco has bagged a one-year contract from Guyana to market the crude oil produced in the South American country.

Looking to protect many sectors of its economy from the competition that the foreign companies will present, Saudi Arabia has formed a new committee to regulate foreign investments.

Bunyan United Company, the Saudi Arabia-based real estate firm, has tapped BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange.

Saudi Arabia has awarded a $95.4 million contract to a consortium to manage water services and environmental treatment in Riyadh.

Under the deal, US will provide 350 contractor technicians and two government officials over two years to handle the maintenance of the Saudi military's Apache and Black Hawk attack helicopters.

The region’s industry executives are working hard to improve the dented image and put the sector back on track by attracting more foreign investors.

The UN body has registered the Farasan Island Marine Sanctuary in its Man and Biosphere Program.

The IPO order book 130 times oversubscribed during the book-building process.

Inflation in Saudi Arabia is on the decline for the second month consecutively, dropping to the lowest level since June 2020.

DUBAI: The UAE's non-oil trade rose to AED 1.403 trillion ($371 billion), reflecting the country's robust trade exchanges despite the negative impact of the Covid-19 pandemic The Federal Center for Competitiveness and Statistics (FCSA) data said the UAE commanded a coveted position globally and regionally in merchandise trade, with its...

ACWA Power of Saudi Arabia intends to raise nearly $1.2 billion through Initial Public Offering (IPO), and in this regard it has set an indicative price range of the IPO.

A Saudi court sentenced twenty four Saudis and foreigners to up to 20 years in prison for laundering nearly $4.50 billion. The criminal gang channeled illicit funds through factories, companies, institutions and medical clinics.

Gulf Islamic Investments (GII) of Dubai is looking to pick up a stake in a Saudi healthcare company for $600 million. It is part of the financial services firm’s expansion strategy in the kingdom.

Halliburton, the US oil field service giant, is in the final stages of building the first reactor plant for the manufacture of chemicals in King Salman Energy City “Spark” in Jubail, and production will begin in the first quarter of 2022.

Prominent media houses that have announced plans to move their base from Dubai to Riyadh include the state-owned Al Arabiya and its sister channel Al Hadath owned by the MBC Group and the recently-launched Asharq news channel.

DUBAI: Saudi Arabian insurance sector showed overall positive developments during Q2 as gross written premiums (GWPs) grew by 8.1 percent to reach 9.4 billion compared to 8.7 billion SAR in the corresponding period last year, Saudi Central Bank SAMA said. GWP is used to measure an insurance’s company’s revenue health....

The project linking the six GCC countries is expected to boost exports, diversify mode of transportation and reduce carbon emissions by cutting the need for trucks and cars.

The value of exports of national origin of Bahrain increased to BD386 million ($1.06 billion) in August 2021, compared to BD190 million ($505.32 million) in August 2020.

GASTAT announced this increase while making public the country’s GDP and National Accounts report for the second quarter of 2021. It said this positive growth resulted mainly from the increase in the non-oil sector by 8.4 percent. The private sector recorded a positive growth rate of 11.1 percent, and the...

The Ras Al Khair plant produces 1.05 million cu m of desalinated water per day and generates 2.65 GW of power.

Sidra Capital, the Saudi Arabia-based investment firm, has bought an office building in the United Kingdom for $26 million.

Flights between Sharjah and Riyadh, Jeddah and Dammam to start from Sep 14

Analysts say the balance has tilted in favour of the Huthi rebels against the Saudi-led military coalition

The SWFs of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings despite lower oil prices and COVID-19 shock.

The Saudi Vision 2030 has unlocked investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion).

Surge in trade activity in Dubai has lifted the value of exports, re-exports.

The MENA region will have 80 million 5G subscriptions, representing about 10% of total mobile subscriptions by 2025, according to the latest Ericsson Mobility research.

Saudi Arabia’s e-invoicing project, Fatoorah, will come into force in a little under three months, according to Zakat, Tax and Customs Authority (ZATCA).

IATA Travel Pass is a personal secure digital wallet solution that helps travellers understand travel requirements and present their verified travel health credentials. More than 80 airlines have announced trials of the IATA Travel Pass and the app is accepted for entry by a number of governments.

The first Middle East Poultry Exhibition and Conference will be held under the theme Contribution of Enhancing Food Security.

In a statement to Arabian Business, the carrier confirmed that passenger flights would recommence between Abu Dhabi and Saudi Arabia from Saturday, with services connecting the UAE capital with Dammam, Jeddah and Riyadh.

Centrecoat Methyl Methacrylate (MMA) is recommended for marking traffic signs and signals on public and private roads as well as parking areas

Emirates will restart flights to Saudi Arabia and St. Petersburg in Russia with demand for travel rising as the Covid pandemic restrictions ease in many parts of the world.

The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?

The equity investment was reportedly a part of Interstellar Lab's latest $3-million seed round.

Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed bin Salman

Being home to most of the high net-worth individuals in the Middle East, Saudi Arabia, the UAE and Qatar are natural markets for major luxury car brands.

Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemic

Austin traveled to the Gulf region earlier this week, a week after the chaotic US withdrawal from Afghanistan ended. He first went to Doha with Secretary of State Antony Blinken to visit the main base for the massive airlift set up by the United States out of Kabul.

As the use of the modern technology deepens in Saudi Arabia, its adverse effects are being felt across the gender and age in the whole kingdom.

The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road Initiative project in September 2013.

Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.

The airport City Central Park is designed as a botanical garden.

Demand for food in the Gulf Cooperation Council (GCC) will reach 52.4 million metric tons (MT) by 2025, up from 46.8 million in 2020.

Saudi Arabia's Crown Prince Mohammed bin Salman and the Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed reviewed issues of common interest vital to both countries in a phone call.

The non-oil revenues of Saudi Arabia have increased to US$31 billion in Q2 2021 as against US$10.1 billion in Q2 2020.

The two sides have not had a mutual FTA for more than 10 years now.

In a sign of further improvement in the strained relations between Saudi Arabia and Qatar, Sheikh Tamim Bin Hamad Al-Thani, Emir of Qatar, received on Monday Prince Abdulaziz bin Saud bin Nayef, Saudi Arabia’s interior minister, at the Emiri Diwan in Doha

The contract is to supply AC systems to Saudi schools.