Egypt, Saudi Arabia explore deeper industrial integration
Egypt and Saudi Arabia plan to expand industrial cooperation and integration across key sectors, with Cairo calling…
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Riyadh
Tesla to launch in KSA
Tesla will begin sales in Saudi Arabia next month, marking a thaw in relations between CEO Elon Musk and the…
Egypt, Jordan explore labour market reforms
Egypt’s Minister of Manpower Mohamed Gobran met with Jordan’s Minister of Labour Khalid Al-Bakkar on Thursday to…
Saudi Global Ports eyes $1b IPO in Riyadh
Saudi Arabia's Public Investment Fund (PIF)-backed Saudi Global Ports Co. is planning an initial public offering…
S. Arabia, World Bank launch Knowledge Hub
The World Bank Group and Saudi Arabia have signed an agreement to establish a Knowledge Hub (K-Hub) in Riyadh,…
Saudi wheat tops grain production in ’23
Saudi Arabia’s wheat crop led national grain cultivation in 2023, covering 63.4 per cent of the 331,000 hectares…
S. Arabia’s RPI up by 2.6% in Q3 ’24
Saudi Arabia's Real Estate Price Index (RPI) rose by 2.6 per cent in Q3 2024 compared to the same quarter last…
Saudi c. Bank, Samsung collaborate to launch Samsung Pay in KSA
Saudi Central Bank (SAMA) and Samsung signed an agreement to enable the launch of Samsung Pay in Saudi Arabia…
S. Arabia’s non-oil exports up by 10.5% in Q2 ’24
Saudi Arabia's non-oil exports rose by 10.5 per cent in Q2 2024, driven by a 39.1 per cent surge in re-exported…
Saudi firm to build hydrogen-powered tower in Egypt
Magnom Properties, a subsidiary of Saudi industrial group Rawabi Holding, plans to start construction early next…
Kuwait’s KSCP mulls buying stake in Saudi Investment Bank
Kuwait Finance House KSCP is considering purchasing a significant stake in Saudi Investment Bank as deal activity…
UAE, Iran rare economic commission set to convene in Abu Dhabi
A rare joint economic commission between the United Arab Emirates and Iran will convene in Abu Dhabi from Tuesday…
Egypt’s economic performance to beat June targets – minister
Egypt’s economic and financial performance is showing positive developments, with expectations to surpass targets…
Uganda secures $295m loan from S. Arabia’s IDB
Uganda has recently inked a deal with the Islamic Development Bank (IDB) of Saudi Arabia, securing a $295 million…
Aramco raises dividend to $31b despite lower oil prices
Aramco raised its dividend payment to investors and the Saudi government, totalling $31.07 billion in the fourth…
Dubai to divest stake in parking business
Dubai’s government selling a 25 per cent ownership share in the city's public parking business through an initial…
S. Arabia’s Savola group to issue Almarai stake to shareholders
Saudi Arabia's Savola announced that it intends to give its eligible shareholders a 34.52 per cent stake in the…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
KNOC signs 5.3 mln barrel oil storage deal with Saudi’s Aramco
South Korea’s state-run Korea National Oil Corp (KNOC) announced on Monday that it has signed a deal with Saudi…
Palestine’s Tell al-Sultan placed on UNESCO’s world heritage list
Palestine's Tell al-Sultan pre-historic site, located near the occupied Palestinian city of Jericho is placed on…
Tatweer Misr sets to launch its 1st real estate project in Riyadh
Tatweer Misr, the leading real estate developer in Egypt, is preparing to announce details of the first real estate…
Egypt’s Talaat Moustafa Group develops Banan city in Saudi Arabia for $10.7bn
Talaat Moustafa Group (TMG), a leading real estate developer in Egypt, said on Sunday that it will launch Banan…
Saudi Arabia, Türkiye sign cooperation deal to boost mining field
Saudi Arabia and Türkiye signed a memorandum of understanding (MoU) to advance cooperation in mining sector,…
Elie Saab opens his first store in Saudi Arabia
Lebanese fashion designer, Elie Saab is opening a first flagship store in Riyadh, as part of its Middle East…
SABIC quarterly profit slumps by 94% amid costs rise
Saudi Basic Industries Corp (SABIC), one of the biggest petrochemical companies in the world, said on Tuesday that…
Saudi Arabia’s World Defense Show 2024 to support startups
Saudi World Defense Show’s (WDS) second edition will be providing a massive platform for small and medium-sized…
Saudi Arabia investment fund acquires WWE – rumours
The American business executive, Vince McMahon had sold World Wrestling Entertainment (WWE) to the Saudi Arabia…
Apple to launch first store in Saudi Arabia – minister
U.S. Technology company Apple will open soon a centre in the logistics area at King Khalid Airport in Riyadh for…
Czech’s Creative Dock announces Egypt expansion, targets €100 mln investments in MENA
Czech’s Creative Dock Group (CDG) announced on Monday its expansion in Egypt through the acquisition of…
Saudi Arabia coronavirus cases pass 100,000
Coronavirus cases in Saudi Arabia have surpassed 100,000, after the kingdom’s health ministry confirmed additional…
Ready to strike Riyadh, Abu Dhabi if Hodeidah peace deal breached: Houthis
Yemen’s Houthi group said they were building their ballistic capabilities and their forces stand ready to strike…
France’s Macron evades questions on stopping Saudi arms sales
French President Emmanuel Macron on Tuesday refused to take questions about halting arms sales to Saudi Arabia…
Egyptian-Saudi ministerial committee 16th session to start today in Riyadh
The 16th session of the Egyptian-Saudi ministerial committee started on Tuesday in Riyadh.
Putin peace plan gets boost as Syria opposition unites for talks
Syria’s fragmented opposition agreed at a meeting in the Saudi capital Riyadh to form a single bloc to…
Yemen’s Houthi rebels announce they will keep trying to strike Saudis
Yemen’s Shiite Houthi rebels said they will keep working to develop their ballistic missile technology to target…
Egypt’s Amaar, Saudi Bonyan join forces to build youth housing city in Riyadh
Egypt’s property developer Amaar Group has signed a contract with Saudi Bonyan Company to establish a youth housing…
Lebanese PM Saad Hariri reaches in Paris from Saudi Arabia
Lebanon's Prime Minister Saad Hariri arrived in France on Saturday from Saudi Arabia, seeking to dismiss fears…
U.S. signals caution to Saudis despite shared concern about Iran
Despite President Donald Trump’s full-throated support for Saudi Arabia, the United States appears to be…
Lebanon’s Hariri leaves Saudi Arabia for UAE trip
Lebanon’s Prime Minister Saad al-Hariri, who sparked a political crisis on Saturday by declaring his surprise…
Petchems, Saudi Telecom lift Riyadh and other bourses quiet
Petrochemical stocks and an earnings beat by Saudi Telecom Co boosted Riyadh’s stock market early on Sunday while…