Public Investment Fund of Saudi Arabia has unveiled LIV Golf Investments and hand-picked former world champion Greg Norman to lead the new venture.

The total number of visitors to the Saudi pavilion exceeded 30 percent of Expo 2020 Dubai's total number of visitors.

The decision closely mirrored that of Saudi Arabia, which too ordered the Lebanese ambassador to its country to return home.

Saudi Arabia ordered the "recall of the ambassador in Lebanon for consultations, and the departure of Lebanon's ambassador to the kingdom within 48 hours", over the "insulting" remarks made this week by Lebanon's information minister, the foreign ministry said.

Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in their respective cities.

Not only is the kingdom ramping up oil production, it is also making a major play for the trillion-dollar emerging industries touted as a route to cleaner air.

In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the week 0.1 percent down.

Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh this week.

Saudi Arabia and the United Kingdom signed a Memorandum of Understanding, which is aimed at the promotion of direct investment between the two countries. This includes establishing and expanding Saudi-based companies in the UK while also enabling the establishment and expansion of UK-based companies in Saudi. The MoU is also...

Dallah Healthcare of Saudi Arabia has picked up an 8.2 percent stake in International Medical Company for $77 million in order to widen its business.

Saudi Basic Industries Corp. (SABIC) has posted a nearly 400 percent spike in net profit to $1.5 billion for the third quarter as revenues grew on the back of higher prices.

Saudi Arabia has roped in HSBC to “identify and promote” sustainable investment opportunities. The agreement between the two was signed at the Future Investment Initiative conference in Riyadh.

Lebanese Information Minister George Kordahi had said the Iran-backed Huthi rebels are "defending themselves... against an external aggression" and "homes, villages, funerals and weddings were being bombed" by the coalition.

The Saudi Investment Bank (SAIB) has recorded a 9 percent rise in net profit to $206.7 million in the first nine months of 2021, a bourse filing revealed.

Advanced Petrochemical Company of Saudi has posted nearly 40 percent increase in net profit to $58 million for the third quarter, because of a big jump in polypropylene sales.

Prince Abdulaziz bin Salman said new processes enabling capture and reuse of carbon were key to the kingdom achieving net zero.

The move comes barely days after the country announced during the Saudi Green Initiative forum that it aims to achieve net-zero carbon emissions by 2060. The kingdom also said it would join a global effort to cut methane emissions by 30 percent by 2030.

Taking a strong stance against the military coup in Sudan, Saudi Arabia and the US have condemned the overthrow of the government, and called for the immediate restoration of Sudan’s civilian-led transitional government.

The money is coming in through the SFD, a Saudi government agency that usually finances social and infrastructure projects in developing countries.

People in the UAE complain about Uber and Careem's high prices, which have been raised significantly in the last few months due to Expo 2020 and Dubai attracting many tourists.

A consortium will hold the Arena shares in a 70:30 ratio.

The Saudi-Swiss Investment Forum aims to touch $3.2bn of financing by 2030. The body, launched on 25 October in Riyadh, will also back Swiss companies who want to invest in the kingdom.

The project will be developed on an area of 1 million sqm while fully respecting and preserving the topography and unique environmental features of Taif.

In order to cut out carbon emissions completely, Iraq will stop burning associated gas permanently in 2025.

The contracts pertain to managing the King Fahd Causeway.

Crown Prince Mohammed bin Salman announced two initiatives to fund the "circular carbon economy" and provide "clean fuel" to help feed 750 million people worldwide.

The service stations are part of a joint venture signed in 2019.

Iraq is looking to establish a big solar power plant in the Najaf area that could generate 1,000 megawatts of solar power.

Zain KSA, the Saudi telecom firm, has reported a 36 percent drop in net profit to SR143 million in the first nine months of 2021.

Non-oil exports of Saudi Arabia vaulted 26.8 percent to SR23 billion in August, compared to SR18.1 billion in the same period of last year.

The announcement came on Sunday, October 24, a day after Saudi Arabia announced the exact same goal.

Saudi Arabia's Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha has said that the best way to achieve zero emissions was to increase investment in science and technology. He said if the world continued to follow the current policies and technologies, its zero-emissions efficiency will be 30 to...

Net profit in Q3 alone increased by 5.71 percent

Al Rajhi Bank of Saudi Arabia posted a 44 percent rise in net profit to $2.86 billion for the first nine months of 2021. The bank had earned $1.992 billion in the same period last year.

Saudi National Bank (SNB), the kingdom’s biggest lender, has posted a nearly 20% jump in net profit to $1 billion in third quarter from higher fees.

This Jordanian firm is being praised for Arabic mobile games.

The Kingdom has implemented measures and worked on significant improvements as part of its Vision 2030 to diversify sources of revenue.

The company acknowledged that this would have its challenges.

At the Saudi Green Initiative forum, the Gulf country has also vowed to join a global effort to reduce methane emissions by 30 percent by 2030.

The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, a water park and sporting venues like football grounds, and a large selection of cultural, creative, and artistic activities.

The Islamic Development Bank of Saudi Arabia has set the price of its second and final issuances as part of its plan to mobilize financial resources.

John Kerry, the US climate envoy, will be in Saudi Arabia on Sunday to participate in the Middle East Green Initiative Summit.

The shareholders will get dividends for the period ending June 30.

The project will be used to make power and desalinate water.

The kingdom’s goal is to support small farmers, develop rural agriculture and assist the local development of the food product manufacturing sector, says expert.

The combined current account balance of oil exporters in the GCC region is likely to shift from a deficit of $6 billion in 2020 to surpluses of $165 billion in 2021.

The two countries discussed ways of enhancing educational, academic, and research cooperation.

Property owners list their property on Mazad Aqari and the platform does the rest in terms of evaluating the property, marketing and sales.

The birthplace of the Arab Spring uprisings, Tunisia has faced years of economic woes exacerbated by the coronavirus pandemic, with 18 percent unemployment and debt verging on 100 percent of gross domestic product.

Yanbu National Petrochemical Co (Yansab), of Saudi Arabia, has revealed that its net profit declined 8 percent to $47.7 million for the third quarter.