PIF’s Adeera to operate hotel portfolio across Qiddiya City
admin Kuwait, Qatar, UAE maintain non-oil growth momentum; Egypt shows recovery signs while Lebanon struggles RIYADH: Non-oil business…
Finance
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Jeddah unveils 29 real estate projects across industrial, residential, retail sectors
RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.1…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Libyans grapple with fresh currency devaluation
RIYADH: Saudi Arabia is rapidly transforming into a regional technology hub, drawing comparisons to Silicon Valley, thanks…
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…
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…
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…
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…
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,…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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:…
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…
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…
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…
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…
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…
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…
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…
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:…
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…
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…
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…
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…
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…
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,…
‘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…
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…
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…
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…
King Salman approves Saudi riyal symbol
RIYADH: Improving economic conditions, stronger loan quality, and a resilient banking sector have led Moody’s Investors Service…
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…
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…
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…
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…
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…
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…
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 —…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Saudi Arabia, Germany ink 200k-tonnes green hydrogen export deal
Saudi Arabia transforming into ‘center of gravity’ in regional tech space: expert RIYADH: Saudi Arabia is quickly…
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…
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…
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…
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,…
OPEC+ reaffirms commitment to production cuts
Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital RIYADH: Saudi…
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…
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…
Fintech firm Hala gets SAMA approval to offer debt-based crowdfunding solutions
Saudi Arabia innovating procurement, supply chains to secure prosperous future, forum hears RIYADH: Saudi Arabia is spearheading transformative…
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…
Oman, India deepen economic ties through multiple MoUs
CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments.…
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.…
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.…
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…
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…
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…
Saudi Arabia’s inflation reaches 1.7% in November: GASTAT
RIYADH: Lucid Group has assembled almost 800 cars in its Saudi Arabian factory since its opening, with its…
Saudi minister of finance selected to chair International Monetary and Financial Committee
RIYADH: The geospatial infrastructure in Saudi Arabia is set to receive a boost with the launch of an…
Delegates at UN climate talks in Dubai agree to ‘transition away’ from planet-warming fossil fuels
DUBAI: United Nations climate negotiators directed the world on Wednesday to transition away from planet-warming fossil fuels in…
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…
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,…