Saudi Arabia

Saudi Arabia’s non-oil revenues rise 7 percent to $40 billion in Q2 2025

Saudi Arabia's expenditures fell 9 percent to SAR336.129 billion from SAR368.932 billion in Q2 2024

Saudi Arabia’s digital platforms excel with 8 reaching over 90 percent in 2025 experience maturity index

This index evaluated 50 digital platforms across four perspectives and 20 indicators, including user satisfaction and technology use

Diriyah, THC partner to explore integration of advanced air mobility solutions across development

The two companies will explore the potential of incorporating urban air mobility services within Diriyah’s urban framework

Riyadh launches mandatory infrastructure projects code to standardize regulatory guidelines

The code enhances safety and compliance while minimizing disruptions to daily urban life.

$133 million ship refueling hub launched at Saudi Arabia’s King Fahad Industrial Port

The facility will be developed on a 110,700-square-meter site over a 20-year period

PIF’s Neo Space Group launches first earth observation marketplace in Saudi Arabia

Platform is expected to drive the expansion of Earth observation data availability across a range of applications in key sectors

Saudi Arabia’s non-oil private sector grows in July amid job creation, domestic demand

The PMI reading fell to 56.3 in July but remains significantly above the growth threshold 

Saudi Aramco posts $48.68 billion net profit in H1 2025, expects stronger oil demand in H2

Adjusted net income reached $24.5 billion in the second quarter of 2025 and $50.9 billion in the first half of 2025

PIF’s Adeera to operate portfolio of hotels across Qiddiya City

Announcement marks the public reveal of Adeera’s portfolio of Saudi-born hotel brands

Saudi economy’s outlook remains favorable despite elevated global uncertainty, says IMF

Robust domestic demand will continue to keep non-oil growth above 3.5 percent over the medium term

Saudi Arabia’s Dammam: New multi-story factories set to boost local industries, entrepreneurship

New developments will enhance support for small and medium enterprises through advanced facilities and services 

Saudi Arabia’s real GDP grows 3.9 percent in Q2 2025, driven by non-oil sector

Non-oil activities recorded the highest growth at 4.7 percent, followed by oil activities at 3.8 percent

Sukuk and debt instruments in Saudi Arabia surge 20 percent to $176.7 billion in 2024

The Capital Market Authority issued 25 new licenses, raising total market institutions to 186 by 2024

IBM report: Middle East data breach costs fall 18 percent in 2025

The report attributes the decline to key mitigation strategies increasingly adopted by regional businesses, including AI and machine learning-driven insights

Saudi Arabia advances smart mobility efforts with pilot program for self-driving delivery vehicles

Pilot program marks a significant step toward establishing an advanced transport system that supports smart cities

Saudi Arabia’s GDP to grow 3.5 percent over 2025-2028 despite oil market fluctuations, says S&P

S&P expects Saudi Arabia's non-oil sector to increase its contribution to the GDP from 47 percent in 2018 to 52 percent in 2028

Online retail evolves as Middle East shoppers embrace more strategic shopping

From extended sales events to fast delivery and digital memberships, Stefano Martinelli, vice president of Amazon MENA, explains how Amazon is adapting to more intentional, value-driven shopping behaviors in the region

Riyadh strengthens global tourism image with world’s largest esports tournament

Running from July 7 to August 24, the seven-week tournament in Riyadh has drawn over 2,000 elite international players competing in a wide array of the world's most popular esports titles

Saudi Arabia launches $173 million Global City Dammam with Thai investor

The city will include dedicated pavilions for 16 countries, each showcasing its unique culture and traditions

Saudi Arabia, UAE join world’s top AI talent nations in latest global index

Saudi Arabia and the UAE’s strategic focus on AI, education, infrastructure, and their ability to attract top talent and investments are setting the stage for a new era of growth in the region

PIF named most valuable, fastest-growing sovereign wealth fund brand in 2025

PIF has the single most valuable brand name among the world’s SWFs, valued at $1.2 billion, up 11 percent from 2024

Fitch affirms Saudi Arabia’s rating at A+ with stable outlook

Saudi Arabia's headline GDP growth is set to rise to 4.3 percent in 2025 and 4.7 percent in 2026 before slowing to 3.6 percent in 2027

stc Group: Sustainable growth, cost-efficiency program drive surge in net profit to $2 billion in H1 2025

During the first half of 2025, stc Group achieved revenue growth of 2.09 percent to SAR38.66 billion

Saudi Arabia’s investment delegation concludes Syria visit with 47 deals worth $6.4 billion

The agreements span a wide range of sectors, including real estate, infrastructure, finance, and others