Saudi Arabia

Saudi Arabia discovers 14 new oil and gas fields in Eastern Region, the Empty Quarter

The discoveries include six fields and two reservoirs of Arabian oil, as well as two fields and four reservoirs of natural gas

Dubai, Abu Dhabi achieve top rankings in 2025 smart city index

AlUla in Saudi Arabia, Kuwait City in Kuwait, and Manama in Bahrain have emerged as notable contenders

Saudi Aramco, China Sinopec announce Yasref petrochemicals complex expansion

This initiative aims to boost Yasref's capabilities and global standing in the petrochemical sector

Saudi PIF-backed Lucid Group secures $1.1 billion from convertible senior notes due 2030

The new issue is structured efficiently with PIF support from prepaid forward share purchase

Saudi Arabia achieves top global ranking in empowering women in AI sector: Report

The Kingdom ranked third in AI job growth for 2024 and fourth in leading AI models

OPEC oil output drops by 110,000 barrels per day in March, survey reveals

OPEC+ postponed output increases until April and extended cuts unwinding to the end of 2026 

Arab, Asian, and European stock markets recover, U.S. futures rise amid tariff turmoil

The Saudi TASI index rose by 1.8 percent at the start of trading

World Bank commends Saudi Arabia for energy efficient desalination advancements

Operational efficiency comes from innovations like reverse osmosis membranes and energy recovery systems

Sports Investment Forum spotlights Saudi Arabia’s role in enabling sports as a sustainable economic contributor

Saudi Arabia's sports sector is expected to grow from $8 billion to $22.4 billion by 2030

Top 15 companies in UAE, Saudi Arabia for professional growth in 2025: Linkedin

Multinational companies make up 11 of the top 15 companies in the UAE

Riyadh Air to launch commercial flights this year after securing operational license

Riyadh Air is projected to fly to more than 100 destinations by 2030, supported by an order of over 132 aircraft

Saudi PMI shows resilience in non-oil private sector growth for March

The pace of growth has moderated from January's near 14-year high 

Saudi travel surplus hits record $13.3 billion in 2024, marking 7.8 percent yearly growth

Surge was fueled by a 13.8 percent increase in inbound visitor spending compared to 2023 

Trump announces 10 percent global tariff, higher rate for trade-surplus nations

Trump's sweeping tariffs will go into effect on April 5, and his reciprocal tariffs will hit on April 9

Saudi Arabia’s new commercial register, trade names laws effective today

New laws seek to facilitate starting and operating a business in Saudi Arabia and reduce the financial burden on enterprises

Trump to make first foreign trip to Saudi Arabia, UAE and Qatar

Trump also plans to visit Qatar and the UAE during this trip

GCC’s $7 billion food waste crisis: How retailers can lead the change

The region's retail sector wasted around 1.3 million tons of food in 2022

Eid al-Fitr 2025: Holiday dates announced in UAE, Saudi Arabia, other GCC states

Saudi Arabia, the UAE, Qatar and Kuwait announced today that March 30 will mark the first day of Eid al-Fitr 2025

Saudi Arabia officially announces Sunday as Eid al-Fitr 2025

The Eid al-Fitr 2025 holiday will be observed on March 30 in the Kingdom

Saudi Arabia’s unemployment rate drops to 3.5 percent in Q4 2024

The unemployment rate for Saudi nationals dropped to 7 percent in Q4 2024

Vision 2030 to continue driving Saudi Arabia’s real estate growth in 2025: Report

2024 was an exceptional year for Riyadh’s office sector amid robust demand and limited supply

Eid al-Fitr 2025: Saudi Arabia calls on Muslims to sight Shawwal crescent moon on Saturday evening

If the crescent moon is sighted on Ramadan 29, the holiday will begin on Sunday, March 30

Tesla to launch in Saudi Arabia on April 10

The launch in Saudi Arabia comes as Tesla's EV sales in Europe and China decline

Saudi Green Initiative Day: What to expect on March 27

The Saudi Green Initiative Day encourages countrywide participation through various sustainability initiatives