The rate of obesity in the kingdom totals 35.6 percent in 2020 The duo offer customized diet plan to obese in order to lose flab   To fight off the growing threat of obesity in Saudi Arabia, where, according to a study by the Sharik Association for Health Research...

    The Saudi-Chinese Business Council has showed the Chinese side Saudi Arabia’s plan to attract more Chinese investments into the country The council highlighted the Saudi “legislative reforms that are expected to increase investments between the two sides”   The Saudi-Chinese Business Council in Riyadh on Tuesday, June 15,...

Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project This will increase grid capacity to 2,000 megawatts   Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project, said local reports on Tuesday, June 15. This “major scheme” will increase grid capacity to...

Only up to 10,000 Muslims took part in last year's hajj, 70% of them foreigners   2.5 million participated in the pilgrimage in 2019  Saudi Arabia announced Saturday it will allow 60,000 residents vaccinated against Covid to perform this year's hajj, but Muslims from abroad will be barred for a second...

The main reason for the drop was the 11.7 percent contraction in the oil sector Private sector and non-oil sector report positive growth Saudi Arabia has reported a three percent drop in its Gross Domestic Product (GDP) in the first quarter of this fiscal as the oil sector reported sluggish...

There are 6,285 Saudi companies operating in Egypt with investments exceeding $30 billion  More than 518 Egyptian companies operate in the Saudi markets Saudi Arabia aims to be the first trading partner of Egypt for the next five years, local reports on Monday, June 14, quoted the former’s Minister of...

The growth in the sector is mainly attributed to the ongoing Covid-19 pandemic Ounass, a luxury online store, launched in 2016 by Al Tayer Group from the UAE has only added to the growth of the luxury market Hadeel Karnib Web-based shopping is enabling further growth of luxury fashion retail...

It will launch on June 17  and will be broadcast live from studios in Riyadh and New York

If the Real Estate General Authority pays heed to the Shoura Council, then non-resident foreigners may eventually get the right to own property in Saudi Arabia

Two digital banks are being set up, if all goes well with the regulatory agency

 Aramco's $12.4 billion oil pipeline deal could be template for hiring Company also plans to spend about $35 billion on capital expenditure this year Saudi oil giant Aramco has roped in Morgan Stanley as the lead adviser to review a potential multibillion-dollar stake sale in its natural gas pipeline network,...

The kingdom is almost twice the size of the region’s second-largest economy, Egypt The UAE is the third largest Arab economy with GDP of $354.3 billion The Saudi economy alone was 29.3 percent of the $2.39 trillion Arab economy in 2020. The Kingdom’s $700.1 billion in nominal GDP was almost...

  Zain KSA ranked first in the mobile 5G average download speed Company also a topper in the Fixed Internet Video Streaming quality indicator   Zain KSA, a leading telecom service provider in Saudi Arabia, has been ranked first for delivering the best 5G services during the first quarter of...

  Saudi Arabia dominates startup investment sector during May In all nearly $110 million was raised across 35 deals over the month Saudi Arabia has topped the startup investment market in the Middle East and North Africa (MENA) region during May, Arab News quoted from figures released by entrepreneurship platform...

  Tanmiah Food Company has won approval from CMA to sell 30 percent of company shares The food company employs 1500 people and is a major supplier of chicken products The Capital Market Authority (CMA) has given the go-ahead to Tanmiah Food Company for the listing of 30 percent of...

  The deal will see the implementation of quality performance evaluation services for GACA’s internal audit department The move will look to activate aspects of partnership and cooperation between the two parties Saudi Arabia’s General Authority of Civil Aviation and the Saudi Institute of Internal Auditors signed a cooperation agreement...

  The consortium is led by US-based energy investment firm EIG Aramco will retain the remaining 51% stake in the pipeline entity The 49% stake in Aramco Oil Pipelines Company, from which the Saudi Arabian Oil Company or Aramcolooks to make gains of $12.4 billion, has a new taker in...

The Public Investment Fund (PIF), led by Governor Yasir al-Rumayyan, is at the heart of Saudi Arabia's plans to transform the economy The fund is expected to inject $40 billion annually into the local economy, and increase its assets to $1 trillion by 2025   Saudi Arabia's Public Investment Fund...

The Saudi Food and Drug Authority took the decision due to the spread of bird flu there The regions are Landes, Pyrenees-Atlantiques, and Gers   Saudi Arabia has temporarily banned the import of poultry meat, table eggs, and their products from three regions in France due to the spread of...

Chalhoub Group is going to pack its top management positions with more women, and will also raise the number of Saudis working in the company

@Hack set to be one of the largest cyber security events in the world It will host offensive security hackers that train western security services Saudi Arabia will organize a mega cybersecurity event that will bring together the world’s best hackers and trainers in the Kingdom. The event called @Hack...

The kingdom ranks 13th globally out of 167 countries on 'Satisfaction with Efforts to Preserve the Environment' indicator

Withholding tax is deducted from the total income of a non-resident establishment in Saudi Arabia, in return for services it provides inside the Kingdom

They have a capacity of 23.8 liters of sterilizers with a consumption rate of 2 liters per hour to eliminate bacteria over 600 square meters

A patented system of solar and growth monitoring technologies allows use of salt water for cooling greenhouses, irrigating crops  

IFIN platform eliminates the need for customers to visit their bank branch to secure finance and provides retailers with an opportunity to boost their sales and increase customer loyalty   

The initiative, called the Wa’ed program, is aimed at training newly graduated Saudi engineers  It will offer them professional opportunities and help them build skills for the current market Saudi Arabia’s National Housing Company has announced that it has launched a training program for both male and female engineering graduates...

The macro-economic conditions in Saudi economy are improving Encouraged by spending in many sectors, the overall health of the economy is positive Spurred by spending in the local market such as retail, transport, health, and food and beverages sectors, the overall health of the Saudi economy has shown improvement in...

Oil rick kingdom had recently announced a privatization plan that includes identifying 160 projects  Saudi finance minister Al-Jadaan opened a high-level G20 conference with his Italian counterpart Daniele Franco Saudi Arabia will raise $55 billion from privatization including sale of assets and public-private partnerships, according to the kingdom’s finance minister...

The worldwide market for AI is expected to generate revenues to the tune of $554 billion by 2024

The offering could be as much as 30 percent of stake in the company Riyadh-based Berain is one of Saudi Arabia’s biggest bottled-water companies Berain Water of Saudi Arabia has roped in the services of the investment banking arm of Samba Financial Group to manage a potential Initial Public Offering...

The company also took part in 20 percent startup funding in the Middle East

Expat workers make up three quarters of workers in the Kingdom, with most coming from countries such as Syria, India, Pakistan, Bangladesh, the Philippines, and Sri Lanka

The deal is part of the Saudi Vision 2030 to give more ownership of homes to Saudi families  CEO Bank Albilad Abdullah AlOnaizan  said the bank has assets of $26.66 billion Saudi Arabia National Housing Company and Bank Albilad have teamed up to sign a SR 2 billion ($533 million)...

Dahlan has a decade of experience working in strategic communications Her previous roles include in-house positions at King Abdullah University of Science & Technology Edelman Wednesday announced Kenana Dahlan as the new head of its Saudi Arabia business, strengthening its senior advisory offering in the Kingdom. Dahlan joins Edelman with...

  The combined entity will turn it into a $100m technology solutions company Kalaam will be among the top three ISPs in the GCC and the only operator with an ISP license for Bahrain, Kuwait and Saudi Arabia     Kalaam Telecom, Bahrain's leading technology solutions provider, has announced the...

The company announced on Tuesday it has raised $4 million in a seed funding It has raised 15 million dirham for the venture Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand into Saudi Arabia. Stake, launched in 2020,...

Vehicle rental market in the country is forecast to grow 7.5 percent until 2026

The company will add Instalment Finance, Auto Finance, SMEs Finance, credit card issuance to its offerings

The changed laws are also expected to support tax registrants and help them fulfil their tax obligations

Before this decision, a married mother had to bring her husband or obtain court's consent to open an account for her kids

PV Hardware Middle East will manufacture trackers, mounting structures, and cleaning robots for the Saudi solar market

Office will serve as a coordinating hub across 13 countries in the Middle East Best Tourism Villages of the World certification announced as one of the first initiatives driven by the office The first United Nations World Tourism Organization (UNWTO) regional office was officially opened today in Riyadh by UNWTO...

RSI banking on Khalid's 26-year track record to catapult its operations by developing products and services, improving performance Company had won two contracts in the massive US$500-billion NEOM project in 2020   The Red Sea International (RSI), a leader in offsite modular production and assembly, has appointed industry veteran Khalid...

Jay New is an industry veteran with a 20-year career in the ports and shipping He will oversee the day-to-day operations of King Abdullah Port   Saudi's Ports Development Company (PDC) has appointed Jay New as the new chief executive officer of  the King Abdullah Port. Strategically located on the...

To receive a commercial registration, applicants must be at least 18 years old, not be a government employee Registrations were across a number of fields including wholesale trade, retail, motor vehicle   Keeping up its drive to encourage more and more women to join the workforce in Saudi Arabia, the...

60 percent of the deficit relates to the region's largest economy, Saudi Arabia S&P predicts central government deficits will reach about $355 billion cumulatively between 2021 and 2024    Budget deficits of the six-nation Gulf Cooperation Council (GCC) bloc are set to fall sharply to about $80 billion in 2021...

The country of 34 million has already administered 12 million doses Over 7,200 people have died of coronavirus in the country  Vaccine-sceptics in Saudi Arabia may be in for a tougher time now, with the country barring them from pilgrimages and overseas travel, besides blocking access to universities, malls, and...

Saudi Arabia received $10.4 billion in investment  FDI projects in the kingdom fell by 49 percent to 73  Amid all the doom and gloom brought on by the outbreak of coronavirus that badly hit the economies around the world, Saudi Arabia received a big boost to its economy last year...

Recent reallocation of frequency spectrum likely to increase the capacities of radio networks, improve quality of services Country plans to provide 22 gigahertz under a roadmap for innovative and commercial use of frequency spectrums   Saudi Arabia has been ranked among the top 10 countries in the world for Internet...