Blinken’s visit to the region comes amid an escalation to the crisis in the Middle East
In its latest bulletin, Saudi Arabia’s Ministry of Commerce announced a 23 per cent rise in company registrations for the final quarter of 2023
Saudi Arabian adventurer and businessman Badr Al-Shebani has trekked to the South Pole in Antartica and endured tough conditions
The fund said the investment will enable MEPCO to expand its production, raise its operational efficiency, and support environmental sustainability
Both the Riyad Bank Saudi Arabia PMI and the S&P Global UAE PMI remained way above the 50-mark that separates growth from contraction
The extension of this agreement is aimed at advancing the goals of the Vision 2030 Housing Program
About 12 per cent of world shipping traffic transits the canal and 4-8 per cent of global LNG cargoes have passed through it in 2023
The budget carrier launched 57 new destinations and inaugurated its fourth operations base at Prince Mohammed bin Abdulaziz International Airport in Madinah
Two GCC nations, the United Arab Emirates and Saudi Arabia, are now formally part of the BRICS bloc
Big-ticket purchases included $4.9bn for US gaming company Scopely, $3.6bn to buy Standard Chartered’s aircraft leasing division and $3.3bn for steelmaker Hadeed
Saudi Arabia has officially activated its new mandate for companies with large tenders to host their regional offices in the country
The unemployment rate for Saudis is still lower than the 9.9 per cent recorded in the same period a year ago, according to data from the kingdom
Located on the coastline of the Gulf of Aqaba, the lifestyle community will have a 120-berth marina that will serve as an international hub for superyachts
The authority signed the contracts with Zamil Marine Services and Naghi Marine Company to provide diverse maritime services
Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023
Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel
The kingdom has been studying setting up the trading platform in the second half of 2023 but a decision is not expected any time soon
More tourists than ever before are visiting the Kingdom of Saudi Arabia as inbound visitor numbers have more than doubled since 2022
The training is set to form part of an initiative called ‘Mostaqbali’ (My Future), and will be supervised by Saudi Arabia’s Ministry of Human Resources and Social Development.
The airline has taken delivery of 18 out of 19 new A320neo aircraft scheduled for delivery in 2023
With this transaction, the BNPL platform will have raised a total of $500m in equity funding, and well above $400m in debt financing
The Middle East crisis is already raising shipping and insurance costs through the critical Red Sea area
Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources
Set to be built along the Gulf of Aqaba, Utamo, is crafted as an immersive destination for art and entertainment
The state-energy firm said the transaction is subject to certain customary conditions, including regulatory approvals
The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing
Looking ahead to 2024, Saxo Bank sees a world at an inflection point, with the familiar road of the last decade coming to an end
The company will spearhead the kingdom’s efforts to ensure food security, mitigate climate change and achieve net-zero emissions by 2060
Qiddiya City expects to attract an anticipated 48 million visits per year with its never-built-before array of world-class attractions and venues
The budget estimates expenditures of SAR1.3tn in 2024 and total revenues of SAR1.2tn