Saudi Arabia

Job creation in Saudi Arabia’s non-oil sector climbs to second-highest in over a decade: PMI

Saudi Arabia's PMI recorded 58.4 in February, down from its strongest reading in just over a decade of 60.5 in January

PIF, Goldman Sachs Asset Management to partner on investments in Saudi Arabia and GCC

PIF will act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC region

Saudi Arabia’s Aramco reports $106.2 billion net income for 2024

Company's board declared a base dividend of $21.1 billion for the fourth quarter of 2024, a 4.2 percent annual increase

Lebanon President Joseph Aoun meets Saudi Crown Prince, visit set to reactivate $3 billion relief package

Lebanon hopes that Saudi Arabia will lift the travel ban on the cash-strapped country

Saudi Arabia leads GCC fixed income market growth, raising $79.5 billion through 79 issuances in 2024

UAE-based issuances ranked second, with $38.5 billion through 109 issues, representing 26 percent of the market

Saudi Arabia: Real estate sector’s contribution to GDP doubles to 12 percent in 2024

In Riyadh, the villa market has seen steady growth, with average prices now approaching SAR6,000 per square meter

Crescent moon sighted in Saudi Arabia, Ramadan 2025 to begin on March 1

Ramadan is the ninth month of the Islamic lunar calendar, lasting 354 or 355 days

Ramadan 2025: Saudi Arabia to celebrate with vibrant traditions, cultural heritage events

The Jeddah Historic District will feature unique Iftar and Suhoor experiences in historical houses

Flynas, Bank AlJazira ink $132 million aircraft financing deal for 3 new Airbus A320 NEOs

More than 100 aircraft expected to be added in flynas fleet over the next five years

Red Sea Global introduces sustainable aviation fuel at Red Sea International Airport in Saudi Arabia

The initiative will empower the broader aviation sector to make environmentally conscious choices

Qasr Al Hokm Station opens, transforming Riyadh Metro with innovative design and accessibility

The station connects administrative buildings, palaces, markets, and attractions in the Qasr Al Hokm area

Saudi Arabia opens first phase of Sports Boulevard project with five key destinations

Total completed length of the project now stands at 83 km, with overall progress reaching 40 percent

Saudi Arabia calls on Muslims to sight Ramadan 2025 crescent on Friday evening

If the Moon is seen on Friday evening, Ramadan 2025 will commence on March 1

Saudi Arabia raises $2.36 billion in euro-denominated bond issuance with debut green tranche

The total order book reached around 10 billion euros, which equals an oversubscription of 4 times

Saudi Arabia announces Ramadan 2025, Eid operating hours for banks

Banks will be available to the public from 10 a.m. to 4 p.m. throughout the fasting month

Jeddah’s King Abdulaziz International Airport launches 70 e-gates to facilitate faster passenger processing

New e-gates system leverages modern technologies and AI to facilitate faster and more secure passenger processing

Saudi Arabia’s non-oil exports grow 17.3 percent to $21.88 billion in Q4 2024

Driven by the surge in non-oil exports, Saudi Arabia recorded a trade surplus of SAR44.89 billion

New business success index identifies key factors for thriving in Saudi Arabia amid 33 percent expansion urgency

18 percent increase in international companies entering Saudi Arabia from outside MENAT

Leaders of GCC states, Egypt, and Jordan convene in Riyadh to strengthen coordination and consultation

The UAE President thanked King Salman and Crown Prince for organizing the dialogue

Saudi Founding Day 2025: 8,000 flags and eco-friendly celebrations in 15 cities

A nationwide celebration of 300 years of rich heritage, blending tradition and innovation

Saudi Arabia’s air traffic hits record 128 million passengers in 2024

The number of flights across Saudi airports increased by 11 percent to 905,000 flights last year

Saudi Arabia’s ZATCA urges commercial sector to submit VAT statements for January

The decision applies to those whose annual revenues from goods and services exceed $10.7 million

AlUla Conference for EMEs: Saudi Arabia, IMF emphasize AI’s potential to enhance emerging market productivity

A key theme is the importance of unity and collaboration to strengthen EM economies' resilience and growth