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.

The Saudi delegation of the trade system was headed by Minister of Commerce Majid Al-Qasabi.

Saudi Arabia expects to post a deficit of 2.7% of gross domestic product this year and to reduce it further next year, to 1.6% of GDP, it said in a preliminary budget statement for 2022.

Saudi Arabia has launched the Makers of Happiness initiative to support the entertainment sector in the country in various ways.

The Saudi Arabia-based company gets approval to float 6.3 million shares.

Saudi males found securing jobs was easier than women in the kingdom in the second quarter of 2021, lowering unemployment rate to 11.3 percent.

This agreement can be considered the start for several projects.

The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022  respectively and initiating infra projects worth billions of dollars.

The discussions, hosted by Iraq as it seeks to act as a regional mediator, were launched under Iran's former, moderate president Hassan Rouhani, who was replaced in August by Raisi.

The floodlit circuit is expected to run over 6.175 km (3.8 miles), the second-longest on the calendar, and will feature 27 corners.

DUBAI: Etihad Rail has completed construction works on a stretch of the 1200-km UAE National Railway Network, the company said on Wednesday. The work was completed ahead of schedule on Package A of Stage Two, which extends over 139 km, and its connection through Al Ghuwaifat on the border of Saudi...

Saudi Arabia has managed to digitize some 50 million real estate documents under the Real Estate Title Digitization Initiative. It is one of the initiatives of the Ministry of Justice in the National Transformation Program.

Trade between Dubai and Saudi Arabia grew 26 percent to AED30.5 billion in the first half of 2021, making the kingdom the emirate’s biggest trading partner in the Arab world.

Saudi Arabia’s economy will benefit from higher oil prices and its successful COVID-19 vaccine roll-out, ratings agency S&P Global has said as it affirmed the Kingdom’s stable outlook in its latest report.

Saudi Arabia will develop a new luxury mountain resort as the giga project inches closer to welcoming its first guest in 2022.

DUBAI: The European Union Tuesday welcomed the reforms taking place in Saudi Arabia and noted that "significant steps" have been taken to advance womenآ’s rights. In a statement, European Action External Service, the EU's diplomatic arm, the first-ever Human Rights Dialogue between the EU and the Kingdom held in Brussels...

The plants are being built under the Privatization Program, one of the elements of Vision 2030, said Abdulrahman Bin Abdulmohsen Al-Fadhli, the minister of water.

The discussions took place between the Sharjah Chamber of Commerce and Industry and the National Real Estate Committee of the Federation of Saudi Chambers on various ways to explore investment opportunities in the real-estate sector.

Banking firms in the Arabian Gulf countries dominate the list of top companies in terms of market capitalization with Saudi players leading from the front.

First Dubai Real Estate Development Co. board cleared the $51.4m deal.

The global drop in oil prices, along with the pandemic and related issues, had dealt quite a blow to the Saudi economy.

Special security forces of Saudi Arabia, the UAE, Greece and Egypt have completed joint drills in the Greek capital, Athens.

Saudi Arabia has been flooded with license applications from investors at home and abroad to invest in its mining sector. The applications have been received on the portal of the kingdom’s Industry and Mineral Resources Ministry.

The United Arab Emirates-based healthcare and education investment company, Amanat Holdings, has sold its 13.13 percent of minority equity stake in the Saudi International Medical Center for $118 million.

Saudi Arabia and the United Arab Emirates contributed about 70 percent of the total value of the Gulf Cooperation Council's real estate deals in the first half of 2021

The Saudi Capital Market Authority (CMA) intends to double the $213 billion funds under its management.

DUBAI: Dawqara, a place in Saudi Arabia's Northern Borders region, has shown signs of civilization during the late Roman period. Local media reports said one of the site’s most important artifacts is a square palace that was built from large volcanic stones. Its construction takes into consideration the straightness and...

Saudi Arabia and Greece have decided to set up a business council in order to enhance bilateral trade and investment between the two countries.

The global camera maker aims to meet the target by the end of 2023.

Saudi Arabia has succeeded in saving nearly $133.3 billion during the last four years by virtue of efficiency and budgetary discipline, according to the kingdom’s Finance Minister Mohammed Al-Jadaan.

Saudi Arabia aims to be one of the top 10 countries in the world in data and artificial intelligence, and in this direction the kingdom is has put 25,000 data and AI specialists through training.

Speaking to journalists on the sidelines of the UN General Assembly in New York, Khatibzadeh said the talks were "good" and called for countries to settle regional issues between themselves, without foreign interference. Saudi King Salman on Wednesday expressed hope that talks with Iran would "lead to tangible outcomes to...

It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Gulf Arab states using clean and renewable energy.