Category: Finance
PIF’s Adeera to operate hotel portfolio across Qiddiya City
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Saudi Arabia tops GCC debt market with $47.9bn in H1 issuances: Markaz
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
IMF praises Saudi Arabia’s economic resilience
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Closing Bell: Saudi main index closes up at 10,839
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
MENA IT spending to reach $169bn in 2026
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Saudi Arabia’s non-oil growth stays strong despite softer July PMI
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends in July, with Kuwait, the UAE, and Qatar maintaining growth, while Egypt demonstrated signs of[more...]
Aramco posts $22.67bn Q2 profit amid market volatility
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Oil Updates — crude little changed as OPEC+ output hikes counter Russia disruption concerns
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Global M&A hits $2.6tn peak year-to-date, boosted by AI and quest for growth
Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles
RIYADH: Non-oil business activity in the Middle East showed mixed trends[more...]
Saudi Exchange unveils new instrument to trade global shares locally
RIYADH: The global sukuk market is poised to maintain its strength in 2025, with foreign currency-denominated issuances expected to reach between $70 billion and[more...]
OPEC+ members to raise oil output by 411,000 bpd in June
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Qatar welcomes over 1.5m international visitors in Q1 2025
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Syria to sign deal to import electricity from Turkiye, minister says
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Jeddah unveils 29 real estate projects across industrial, residential, retail sectors
JEDDAH: The Middle East’s aviation sector is pushing toward greater integration and collaborative innovation, with Saudi Arabia’s rapid expansion positioning it as the region’s[more...]
Saudi Arabia rolls out new guidelines for off-plan property deals
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Closing Bell: Saudi main index slips to close at 11,411
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Saudi bank lending hits $827bn in March, fastest growth in over 3.5 years
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent year-on-year[more...]
Saudi Arabia’s non-oil sector growth continues in April as PMI hits 55.6
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Oil Updates — crude tumbles as OPEC+ accelerates output hikes, surplus looms
SINGAPORE: Oil prices fell more than $1 a barrel on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about[more...]
Trump says he wants a fair trade deal with China
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1 trillion ($827.2 billion), marking a 16.26 percent[more...]
Saudi Arabia to drive Islamic finance growth in 2025, S&P says
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Dubai inflation eases to 2.79% in March as housing, transport costs moderate
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Saudi Arabia, Algeria deepen economic ties with new business pacts
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Davos meet founder Klaus Schwab quits as WEF chair
ZURICH: Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in the Swiss mountain resort of Davos became[more...]
Closing Bell: Saudi indices end day in the red
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
PepsiCo opens regional headquarters in Riyadh, unveils $8m R&D center
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Key tourism roles to be localized in Saudi Arabia as part of national employment push
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Real estate demand in Saudi Arabia’s two holy cities hits $2bn
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds across emerging markets after it secured $391 million in the first[more...]
Oil Updates — prices rise on short-covering, but tariff worries linger
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds[more...]
Closing Bell: Saudi main index closes in red at 11,502
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
Libyans grapple with fresh currency devaluation
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
IMF warns of economic slowdown, but rules out global recession
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
UK-Saudi trade ties deepen as 50 British firms set up regional HQs in Kingdom
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
How Saudi entrepreneurs are navigating the shift to public markets
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and[more...]
Saudi Arabia poised to become Mideast’s Silicon Valley, say experts
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks to a wave of strategic investments and high-profile[more...]
Gold set for 3rd weekly gain as investors seek safe haven
RIYADH: Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking concerns over sustainability, a new report[more...]
Saudi banks shift focus to debt markets during sukuk surge
RIYADH: As Saudi Arabia’s financial system turns increasingly to debt markets for funding, it will face new opportunities and increased risk in relation to its[more...]
Fintech, gaming, and healthcare capture venture interest
RIYADH: Startups across the Middle East and North Africa region continue to attract investor interest, with fintech, gaming, and healthcare ventures securing significant funding rounds. UAE-based[more...]
How Saudi Arabia is engineering a water-secure future
JEDDAH: Saudi Arabia is tackling water scarcity with bold steps toward a sustainable future. Through its National Water Strategy and Vision 2030, the Kingdom is pioneering[more...]
Tabuk’s business journey — a navigation of growth and vision
RIYADH: A young workforce, strong demand and attractive tourist offerings are helping transform Tabuk into one of Saudi Arabia’s most dynamic regions. Earlier in March, the[more...]
Saudi Arabia’s PIF at forefront as Gulf SWFs approach $18tn by 2030
RIYADH: Saudi Arabia’s sovereign wealth fund and five of its regional counterparts are on track to control $18 trillion in assets by 2030, marking a[more...]
Global economic growth to average at 3.1% in next 5 years: IMF official
RIYADH: A young workforce, strong demand and attractive tourist offerings are helping transform Tabuk into one of Saudi Arabia’s most dynamic regions.
Earlier in[more...]
Global borrowing hits $25tn in 2024, raising debt sustainability fears: OECD
RIYADH: Saudi Arabia’s sovereign wealth fund and five of its regional counterparts are on track to control $18 trillion in assets by 2030, marking[more...]
Riyadh municipality unveils new investment opportunities across key sectors
RIYADH: A young workforce, strong demand and attractive tourist offerings are helping transform Tabuk into one of Saudi Arabia’s most dynamic regions.
Earlier in[more...]
Public firms listed on Muscat bourse report 52.6% surge in profits
RIYADH: The net profits of public joint companies listed on the Muscat Stock Exchange surged 52.6 percent year on year to reach 1.339 billion Omani rials[more...]
Lebanon readies 22 deals for signing with Saudi Arabia during high-level visit
Saudi Arabia opens doors to global mining giants with $97.5m exploration licenses
JEDDAH: Saudi Arabia has granted exploration licenses worth SR366 million ($97.5 million)[more...]
Qatar to provide gas to Syria via Jordan
BEIRUT: Qatar is set to provide Syria with gas via Jordan to improve the nation’s meagre electricity supply and boost Syria’s new rulers, in a[more...]
PIF-backed Scopely acquires Pokemon GO maker for $3.5bn
RIYADH: Scopely, a US-based firm backed by Saudi Arabia’s Public Investment Fund, has signed a deal worth $3.5 billion to acquire the video game division of[more...]
UAE joins dividend surge as global payouts hit record $1.75tn in 2024
RIYADH: Scopely, a US-based firm backed by Saudi Arabia’s Public Investment Fund, has signed a deal worth $3.5 billion to acquire the video game division[more...]
BSF, Diriyah Co. ink $1.6bn financing deal to develop Wadi Safar project
RIYADH: Scopely, a US-based firm backed by Saudi Arabia’s Public Investment Fund, has signed a deal worth $3.5 billion to acquire the video game division[more...]
Saudi money supply up 9% to hit $791bn in January
RIYADH: Saudi Arabia’s money supply climbed to SR2.97 trillion ($791 billion) in January, marking a 9 percent annual rise, official data showed. According to figures[more...]
Closing Bell: Saudi main index closes in green at 11,725
RIYADH: Saudi Arabia’s money supply climbed to SR2.97 trillion ($791 billion) in January, marking a 9 percent annual rise, official data showed.
According[more...]
Oil Updates — crude slips amid macroeconomic concerns despite firm demand expectations
RIYADH: Saudi Arabia’s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year,[more...]
IEA sees global oil market surplus for 2025 as demand disappoints
RIYADH: Scopely, a US-based firm backed by Saudi Arabia’s Public Investment Fund, has signed a deal worth $3.5 billion to acquire the video game division[more...]
Oil Updates — crude set to close week stable as investors mull path to Ukraine ceasefire
Intersection between family offices and early-stage startups poised to expand, experts say
RIYADH: Family offices have traditionally been influential in private capital investment, but[more...]
Saudi Arabia’s non-profit sector tops $26bn in economic contribution for the 1st time
RIYADH: Saudi Arabia’s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year,[more...]
Saudi expats transfer nearly $4bn in Jan, bolstering developing economies
RIYADH: Saudi Arabia’s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year,[more...]
Direct flights from Stuttgart to Jeddah to begin later this year
RIYADH: Saudi Arabia’s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year,[more...]
Jordan’s move to ease residency rules will attract investment, say experts
In speech to Congress, Trump reassures investors that new visa scheme would not tax foreign assets
RIYADH: President Donald Trump assured that investors entering[more...]
Closing Bell: Saudi main index closes in red at 11,811
RIYADH: Some 2.5 million tourists have been drawn to Saudi Arabia in the past four years thanks to its ever-growing sports offerings, according to[more...]
Saudi Arabia’s M&A market sees 63% rise in Feb
RIYADH: Some 2.5 million tourists have been drawn to Saudi Arabia in the past four years thanks to its ever-growing sports offerings, according to[more...]
In speech to Congress, Trump reassures investors that new visa scheme would not tax foreign assets
RIYADH: From advanced technology to bustling tourism, Saudi Arabia is witnessing a labor market transformation that is reducing its reliance on oil and creating jobs[more...]
Saudi multi-billion-dollar corporations are driving strategic investments in startup ecosystem
RIYADH: Saudi Arabia’s corporate venture capital arms are playing a pivotal role in driving innovation and advancing economic diversification by aligning their investment strategies with[more...]
Franchises boosting Saudi economy, as Kingdom dominates half of MENA’s $30bn market
Saudi multi-billion-dollar corporations are driving strategic investments in startup ecosystem
RIYADH: Saudi Arabia’s corporate venture capital arms are playing a pivotal role in driving[more...]
Oil Updates — crude set for biggest weekly drop since Oct on tariff uncertainty, supply gains
NEW DELHI: Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the uncertainty around US tariff[more...]
Saudi Arabia strengthens halal leadership with 13 new deals at Makkah forum
RIYADH: Saudi Arabia’s real estate loans surged 15.12 percent year on year to a record SR883.3 billion ($235.54 billion) by the end of 2024,[more...]
Closing Bell: Saudi main index ends week in red; Nomu gains
Sports tourism attracts 2.5m visitors to Saudi Arabia, minister reveals as he sets out sector’s ambitions
RIYADH: Some 2.5 million tourists have been drawn to[more...]
Over 1,300 Saudi industrial licenses awarded in 2024, attracting $13.3bn investment, latest figures show
RIYADH: Saudi Arabia’s real estate loans surged 15.12 percent year on year to a record SR883.3 billion ($235.54 billion) by the end of 2024,[more...]
Saudi Arabia’s non-oil exports to China surge 70% as trade ties deepen: GASTAT
RIYADH: Saudi Arabia’s financial markets are on a sharp upward trajectory despite challenging global economic trends, experts have told Arab News.
Market volatility[more...]
Oil Updates — crude on track for 1st monthly drop since November on Trump tariff concerns
RIYADH: Saudi Arabia’s financial markets are on a sharp upward trajectory despite challenging global economic trends, experts have told Arab News.
Market volatility[more...]
Can Saudi Arabia conquer global uncertainty and become a financial giant?
RIYADH: Saudi Arabia’s financial markets are on a sharp upward trajectory despite challenging global economic trends, experts have told Arab News. Market volatility across the[more...]
Funding surges as MENA startups gain momentum
RIYADH: Startups across the Middle East and North Africa region continue to attract significant investment, with fintech, cybersecurity and artificial intelligence-driven ventures leading the charge. Recent[more...]
Riyadh leads Saudi real estate surge with 18% rise in office rents
RIYADH: Startups across the Middle East and North Africa region continue to attract significant investment, with fintech, cybersecurity and artificial intelligence-driven ventures leading the charge.[more...]
‘Rescue, reform and rebuild’: Can Lebanon’s new government save the economy?
RIYADH: With a new president and a fresh cabinet, Lebanon stands at a pivotal moment. Can this government reverse economic collapse and restore trust? The financial[more...]
Will Trump strike gold with wealthy Arabs through new residency program?
RIYADH: With a new president and a fresh cabinet, Lebanon stands at a pivotal moment. Can this government reverse economic collapse and restore trust?
[more...]
Saudi investment ministry inks deal with Sana to boost entrepreneurial ecosystem in Al-Ahsa
RIYADH: Chemical manufacturer Saudi Basic Industries Corp. posted a net profit of SR1.54 billion ($410.6 million) in 2024, rebounding from a SR2.77 billion loss[more...]
Oman, Saudi Arabia ink 3 agreements to strengthen trade ties
RIYADH: Global credit rating agency Moody’s has affirmed Egypt’s Caa1 long-term foreign and local currency rating with a positive outlook, citing improved debt service prospects.[more...]
King Salman approves Saudi riyal symbol
RIYADH: Improving economic conditions, stronger loan quality, and a resilient banking sector have led Moody’s Investors Service to upgrade its outlook on Oman’s banking[more...]
Qurayyah power plant to expand by 3.01 GW thanks to $3.6bn investment
RIYADH: Chemical manufacturer Saudi Basic Industries Corp. posted a net profit of SR1.54 billion ($410.6 million) in 2024, rebounding from a SR2.77 billion loss[more...]
Closing Bell: Saudi main index closes in green at 12,388
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 68.58 points, or 0.56 percent, to close at 12,232.65.
The total trading[more...]
Saudi credit card lending surges to $8.4bn amid digital payments boom
Lucid CEO steps down, company expects to more than double vehicle production this year
BENGALURU: Electric vehicle maker Lucid Group said on Tuesday that[more...]
Moody’s affirms Egypt’s Caa1 rating with positive outlook
RIYADH: Chemical manufacturer Saudi Basic Industries Corp. posted a net profit of SR1.54 billion ($410.6 million) in 2024, rebounding from a SR2.77 billion loss[more...]
Saudi Arabia’s Vision 2030 driving private equity growth in the GCC
RIYADH: Saudi Arabia has emerged as a transformative force in the private equity landscape within the Gulf Cooperation Council, driven by strategic initiatives, regulatory reforms[more...]
Oil Updates — crude heads for weekly gain on supply jitters
RIYADH: Saudi Arabia has emerged as a transformative force in the private equity landscape within the Gulf Cooperation Council, driven by strategic initiatives, regulatory[more...]
Saudi banks’ new residential mortgages rise 17% to $24bn
RIYADH: Saudi Arabia’s banks issued SR91.1 billion ($24.28 billion) in new residential mortgages to individuals in 2024 — a 17 percent rise on the previous[more...]
Saudi Arabia launches new financing products to boost construction sector
RIYADH: UAE’s ADNOC Drilling is projecting significant growth, expecting over $1 billion in investments for 2025. The company also has plans to expand its[more...]
PIF’s ROSHN, Johnson Controls Arabia ink deal to propel energy efficiency in Saudi Arabia
RIYADH: Saudi Arabia’s Capital Market Authority is working on the introduction of special-purpose acquisition companies in the capital market to streamline the listing process,[more...]
Saudi Arabia, IMF lead talks on economic resilience at AlUla summit
RIYADH: Saudi Arabia’s Capital Market Authority is working on the introduction of special-purpose acquisition companies in the capital market to streamline the listing process,[more...]
Saudi Arabia’s revenue rises to $336bn in 2024 as non-oil income surges
RIYADH: Big 5 Construct Saudi 2025 returned for its 13th edition in a groundbreaking two-week format, running from Feb. 15— 18 and 24— 27[more...]
Saudi banks see record profits amid strong credit growth and debt market expansion
PIF’s ROSHN, Johnson Controls Arabia ink deal to propel energy efficiency in Saudi Arabia
RIYADH: Saudi developer ROSHN has signed a deal with Johnson Controls[more...]
Saudi Arabia leads GCC in US dollar debt and sukuk issuance, driving regional growth: Fitch
PIF’s ROSHN, Johnson Controls Arabia ink deal to propel energy efficiency in Saudi Arabia
RIYADH: Saudi developer ROSHN has signed a deal with Johnson Controls[more...]
Oil Updates — crude to snap 3-week losing streak amid US tariff delays
Saudi banks see record profits amid strong credit growth and debt market expansion
RIYADH: Saudi Arabia’s top 10 listed banks recorded all-time high net[more...]
Saudi Arabia’s startup ecosystem LEAPs once again
RIYADH: Saudi Arabia’s LEAP 2025 tech conference, held from Feb. 9 to 12, showcased the Kingdom’s growing startup ecosystem, with multiple funding rounds, acquisitions, and expansion[more...]
Saudi expat remittances surge to three-year high $38.5bn, SAMA reveals
RIYADH: Saudi Arabia’s LEAP 2025 tech conference, held from Feb. 9 to 12, showcased the Kingdom’s growing startup ecosystem, with multiple funding rounds, acquisitions, and[more...]
Saudi Arabia to lead region’s initial public offerings in 2025 — EY
RIYADH: Saudi Arabia’s LEAP 2025 tech conference, held from Feb. 9 to 12, showcased the Kingdom’s growing startup ecosystem, with multiple funding rounds, acquisitions, and[more...]
Riyadh Expo 2030 to boost Saudi Arabia’s global presence
Ceer supercharges Saudi EV industry with $1.4bn in deals, gearing up for 2026 launch
RIYADH: Saudi Arabia’s first homegrown electric vehicle brand, Ceer, signed[more...]
Saudi Ma’aden prices $1.25bn debut sukuk, 9.2 times oversubscribed with $11bn in orders
RIYADH: Saudi Arabia has announced investments worth $14.9 billion in the technological sector on the first day of the LEAP 2025 Tech Conference as[more...]
Closing Bell: Saudi Arabia’s main market gains 36 points to 12,469
RIYADH: From Formula One to boxing, golf to the FIFA World Cup, Saudi Arabia is rapidly establishing itself as a global sports hub.
[more...]
Saudi PIF’s Alat and Lenovo break ground on new 200k sq. meter facility in Riyadh
Saudi Arabia transforming into ‘center of gravity’ in regional tech space: expert
RIYADH: Saudi Arabia is quickly becoming a dominant force in the regional technology ecosystem,[more...]
IBM expands AI workforce in Saudi Arabia, aligning with Vision 2030: CEO
Pakistan aims for stronger trade ties with Saudi Arabia, says commerce minister
JEDDAH: Pakistan is seeking to expand its trade ties with Saudi Arabia,[more...]
Tencent Cloud to launch Saudi operations in 2025 with $150m investment, says official
Saudi Arabia transforming into ‘center of gravity’ in regional tech space: expert
RIYADH: Saudi Arabia is quickly becoming a dominant force in the regional technology ecosystem,[more...]
Saudi Arabia announces $14.9bn investment deals in LEAP 2025
RIYADH: Saudi Arabia has announced investments worth $14.9 billion in the technological sector on the first day of the LEAP 2025 Tech Conference as the[more...]
Saudi Aramco executive highlights key factors to unlock AI potential
RIYADH: Saudi Arabia has announced investments worth $14.9 billion in the technological sector on the first day of the LEAP 2025 Tech Conference as[more...]
Saudi Arabia transforming into ‘center of gravity’ in regional tech space: expert
RIYADH: Saudi Arabia is quickly becoming a dominant force in the regional technology ecosystem, establishing itself as the “center of gravity” for startups in the Middle[more...]
Pakistan aims for stronger trade ties with Saudi Arabia, says commerce minister
RIYADH: From Formula One to boxing, golf to the FIFA World Cup, Saudi Arabia is rapidly establishing itself as a global sports hub.
[more...]
GCC equity markets post monthly gains in January: Markaz
RIYADH: Equity markets in the Gulf Cooperation Council countries saw strong growth in January, with Kuwait and Saudi Arabia emerging as top performers, according to[more...]
RLC Global Forum to address the future of Saudi Arabia’s retail landscape
RIYADH: Over 100 speakers from more than 600 organizations will convene at the Retail Leaders Circle Global Forum 2025 in Saudi Arabia to discuss collaboration[more...]
Saudi Arabia, Germany ink 200k-tonnes green hydrogen export deal
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital
RIYADH: Saudi stock market profits are set to grow[more...]
Kuwait expects 12% rise in budget deficit to $20bn for 2025-2026
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital
RIYADH: Saudi stock market profits are set to grow[more...]
Saudi CMA, Insurance Authority forge partnership to strengthen sector oversight
RIYADH: Over 100 speakers from more than 600 organizations will convene at the Retail Leaders Circle Global Forum 2025 in Saudi Arabia to discuss[more...]
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital
RIYADH: Saudi stock market profits are set to grow by 8 percent in 2025, with the petrochemical sector driving the increase, according to a new[more...]
Oil Updates — prices gain as Trump tariffs stoke supply worries
LONDON: Oil prices rose on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains[more...]
OPEC+ reaffirms commitment to production cuts
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital
RIYADH: Saudi stock market profits are set to grow[more...]
Closing Bell: Saudi indices close in red at 12,377
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital
RIYADH: Saudi stock market profits are set to grow[more...]
Pakistan, Saudi Arabia sign agreement to boost cooperation in public sector auditing
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital
RIYADH: Saudi stock market profits are set to grow[more...]
Saudi Arabia’s property market set for growth with billions in new projects
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 5.62 points, or 0.05 percent, to close at 12,409.87.
The total trading[more...]
What qualities should the best tax return accountant have?
What Qualities Should the Best Tax Return Accountant Have? When seeking the best tax return accountant, it’s important to understand the key qualities that make[more...]
Saudi ports record 13% growth in container handling: Mawani
RIYADH: Ports in Saudi Arabia recorded a 12.48 percent increase in the number of received containers in March compared to the same period last year,[more...]
Kamco Invest Saudi partners with Flexam to introduce European leasing opportunities
RIYADH: Saudi investors will gain access to Shariah-compliant leasing opportunities in Europe’s logistics and transportation sectors following a partnership between Kamco Invest and Paris-based Flexam[more...]
SAMA issues rules for buy now, pay later companies
RIYADH: Saudi Arabia’s financial technology sector is bracing for growth with its apex bank issuing rules for buy now, pay later companies, according to a[more...]
Oman, India deepen economic ties through multiple MoUs
RIYADH: The economic and trade relations between Oman and India are set to strengthen further as both nations recently signed multiple agreements and memorandums of[more...]
True value of Expo 2030 boost laid out in new report
CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments. Naeem, a Saudi Arabia-based software as a[more...]
Wize aims to electrify Saudi Arabia’s last-mile delivery sector
CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments. Naeem, a Saudi Arabia-based software as a[more...]
Startup Wrap – Saudi based startups continue to raise significant funding
CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments. Naeem, a Saudi Arabia-based software as a[more...]
Alkhorayef meets Korean company executives to boost industrial ties
RIYADH: Investments in the aquaculture sector between Saudi Arabia and China are poised for growth, with discussions taking place at the Global Investment Promotion Conference[more...]
Oil Updates – crude on track for first weekly rise in two months
LONDON: Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the[more...]
Qiddiya announces the launch of its gaming and esports district
RIYADH: Developers of the Qiddiya mega-project in Riyadh announced the launch of the site’s Gaming and Esports District on Thursday, Saudi Press Agency reported. The[more...]
Saudi Arabia’s inflation reaches 1.7% in November: GASTAT
RIYADH: The geospatial infrastructure in Saudi Arabia is set to receive a boost with the launch of an open data portal that will use geographical[more...]
IMFC selects Saudi Arabia’s minister of finance as new chair
RIYADH: The geospatial infrastructure in Saudi Arabia is set to receive a boost with the launch of an open data portal that will use geographical[more...]
Delegates at UN climate talks in Dubai agree to ‘transition away’ from planet-warming fossil fuels
RIYADH: Trade and economic ties between Saudi Arabia and China are expected to further strengthen, with the recent investment conference in Beijing witnessing the signing[more...]
Saudi-China investment event witnesses deals worth $25bn
RIYADH: Aramco has attained a high level of dependability in providing consistent and reliable oil and gas supplies to countries worldwide, according to the company’s[more...]
Saudi Tadawul Group and Chinese Shenzhen Stock Exchange sign MoU to boost cooperation
RIYADH: Saudi Arabia granted 412 new industrial licenses in the third quarter, marking an 83.9 percent surge compared to the corresponding period in the previous[more...]
Closing Bell: TASI edges up 84 points, reaches $2bn trade volume
RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend on Monday, as it gained 84.23 points, or 0.75 percent, to close at 11,380.95. [more...]
Rich nations, GCC urged to use SDRs to fund climate action in Africa
DUBAI: Leaders of the Gulf Cooperation Council countries have been called upon to seize the global leadership in innovative climate finance through their unused special[more...]
BNPL firm Jeel Pay receives SAMA permit, boosting Saudi fintech
DUBAI: Leaders of the Gulf Cooperation Council countries have been called upon to seize the global leadership in innovative climate finance through their unused special[more...]
Biotech firm utilizes hemp to boost sustainability
CAIRO: Saudi-based biotech startup Green Desert is aiming to boost the Kingdom’s sustainability with a fresh line of industrial hemp products. Founded in 2020 by Abdulhadi[more...]
Qatar Airways launches NEOM Bay flight
Riyadh: Qatar Airways expanded services to Saudi Arabia with the launch of the Doha-NEOM Bay flight on Saturday. The NEOM Bay flight will be the[more...]
Startup Wrap – Saudi Arabia leads November’s funding spree with $338m
CAIRO: Saudi Arabia’s startup ecosystem continues to dominate the region after raising the most funds in the Middle East and North Africa during November. According[more...]
Oil Updates – crude heads for 7th weekly loss as supply surplus, weak China demand weigh on market
LONDON: Oil benchmarks were headed for a seventh straight weekly decline on worries over a global supply surplus and weak Chinese demand, although prices recovered[more...]
Saudi Arabia, Russia stress need for OPEC+ to commit to deal
RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman on Thursday revealed the urban plan and global branding for Qiddiya City, a massive entertainment project under[more...]
Saudi jobs boom unmatched anywhere in the world, Budget Forum told
RIYADH: Some 1.1 million new jobs have been created in Saudi Arabia in the past year as the Kingdom’s economic diversification policies continue to bear[more...]
Saudi Arabia, IAEA discuss cooperation on development of nuclear energy
RIYADH: Saudi Arabia on Wednesday approved the state budget for 2024 with revenues projected at SR1.17 trillion ($312.48 billion) and expenditure at SR1.25 trillion, leading to a deficit[more...]
Saudi Arabia’s 2024 budget set to aid the Kingdom’s successful trajectory, says finance minister
RIYADH: Saudi Arabia on Wednesday approved the state budget for 2024 with revenues projected at SR1.17 trillion ($312.48 billion) and expenditure at SR1.25 trillion, leading to a deficit[more...]
Saudi Arabia’s real estate supply reservations more than double
Global Leadership Summit: Top decision-makers discuss real estate trends in Riyadh RIYADH: Real estate leaders and decision-makers from over 110 countries have assembled in Riyadh to exchange[more...]
Riyadh, Doha sign multiple deals across various sectors
RIYADH: Saudi Arabia and Qatar have signed multiple agreements and memorandums of understanding as both nations continue to strengthen their relationship. These deals, which are[more...]
Turkish inflation rises to its highest level this year
DUBAI: As Gender Day was observed on Dec. 4 at the 2023 UN Climate Change Conference in Dubai, female participants advocated for increased awareness regarding[more...]
Women complain of unfulfilled promises to tackle gender disparity
DUBAI: As Gender Day was observed on Dec. 4 at the 2023 UN Climate Change Conference in Dubai, female participants advocated for increased awareness regarding[more...]
Experts laud Saudi private sector’s efforts in advancing sustainable development
DUBAI: Experts on Sunday highlighted the positive role the private sector is playing in advancing sustainable development in Saudi Arabia. The progressive picture emerged through[more...]
Startup Wrap – Saudi Arabia’s venture landscape receives influx of expanding startups
CAIRO: Saudi Arabia’s entrepreneurial space is getting bigger with more startups raising funding and others expanding into the Kingdom. On the funding announcement front, Saudi-based[more...]
US-Saudi Business Council to hold conference in New Orleans
DUBAI: The US should participate, rather than being a “loud opponent,” in carbon pricing, urged the director of the International Monetary Fund.Addressing the Business and[more...]
Climate transition must be more holistic, says Bill Gates
DUBAI: Leaders of developing nations jumped into Saturday’s second day of a UN climate summit to press rich industrial countries to share their know-how to[more...]
Cooperation with Saudi Arabia central to Japan’s green ambitions
LONDON: Maturation of Gulf states’ economies presents further opportunities to deepen the relationship between the region and the UK, the new Lord Mayor of the[more...]
World leaders take centerstage in high-level COP28 event
DUBAI: More than 130 world leaders take centerstage as they address the United Nations climate conference in Dubai over the next two days to deliver[more...]
Brazil president’s Saudi visit shows desire for stronger ties
SAO PAULO: The visit of Brazil’s president to Riyadh on Nov. 28-29 with a delegation of ministers and businesspeople showed that he wants to strengthen[more...]
Closing Bell: Saudi main index rises to close at 11,177
Business & Philanthropy forum to highlight inclusive approach for equitable climate solutions DUBAI: As global leaders converge on Dubai to attend the UN COP28 to[more...]
Saudi Arabia reaffirms commitment to support UNIDO
RIYADH: Saudi Arabia has set a target to achieve 525 active financial technology entities by 2030, marking a significant milestone in the strategic development plan[more...]
Jazan poised to become a regional center for African trade
RIYADH: Around 200 heads of state, and diplomats will gather in Dubai later this week for the COP28 climate summit. This occurs at a time[more...]
Saudi capital Riyadh to host World Expo 2030
RIYADH: A total investment of $13.5 trillion is needed to ensure a carbon-neutral future by 2050, particularly in the production, energy and transport sectors, according[more...]
CBUAE and People’s Bank of China renew currency swap agreement, sign MoU
RIYADH: The UAE and China have entered into a renewed currency swap arrangement facilitated by agreements that aim to advance technical and technological cooperation between[more...]
Saudi housing market remained hot in Q3 with $45.9bn worth of transactions
RIYADH: Affirming the Kingdom’s commitment to a sustainable future, the Saudi Green Building Forum is set to participate in the 28th session of the UN[more...]
Abu Dhabi launches SME Finance Facilitator program to propel sector
RIYADH: Small and medium enterprises in the UAE are on course to have improved access to financial services thanks to a new program launched by[more...]
Saudi tourism investment firm ASFAR looking to shape Kingdom’s sustainable future
RIYADH: Saudi Entertainment Ventures, also referred to as SEVEN, is set to construct a new destination in Asir with an investment of SR1.3 billion ($347.8[more...]
Every industry should be ‘held accountable’ on climate: COP28 president
RIYADH: A robust electric vehicle transition that will support Saudi Arabia’s energy goals can only occur with the needed infrastructure, the CEO of the Electric Vehicle[more...]
Saudi Arabia leading the way when it comes to getting women into work
CAIRO: A flurry of investment deals flourished throughout the Middle East region, with UAE-based venture capitals landing a handful of transactions across multiple sectors. In[more...]
Startup Wrap – UAE firms lead this week’s venture activity
CAIRO: A flurry of investment deals flourished throughout the Middle East region, with UAE-based venture capitals landing a handful of transactions across multiple sectors. In[more...]
OPEC+ to hold next meeting virtually
RIYADH: For the 6th consecutive time, Turkiye’s central bank has raised the one-week repo rate to 40 percent, signaling the conclusion of its tightening cycle. [more...]
New Riyadh office for Italian government-backed insurance firm SACE
BEIJING: Brent crude futures edged down on Friday, extending losses from the previous session, as traders speculated on whether the Organization of the Petroleum Exporting[more...]
Algeria and Saudi Arabia prepare for trade boost after 8 deals signed at business forum
BEIJING: Brent crude futures edged down on Friday, extending losses from the previous session, as traders speculated on whether the Organization of the Petroleum Exporting[more...]
Oil Updates – Brent retreats ahead of OPEC+ oil production decision
RIYADH: New businesses and environmentally conscious companies stand to benefit from a new carbon credits mechanism set to be launched in Dubai during the upcoming[more...]
