Saudi Arabia

WeRide launches robotaxis in Saudi Arabia, advancing Vision 2030 with smart mobility and traffic tech

This initiative supports Saudi Arabia's Vision 2030 by enhancing road safety and traffic management 

Saudi Arabia, China strengthen financial cooperation in tax policy and capital markets

Discussions aimed at strengthening bilateral ties and improving international financial institutions

Global Water Organization begins operations in Riyadh under Saudi Crown Prince’s patronage

The organization seeks to drive innovation and improve access to sustainable water resources globally 

Saudi Arabia’s ACWA Power inks strategic deals in Malaysia with potential investments of up to $10 billion

Partnership with MIDA to explore the development of up to 12.5GW of power generation capacity by 2040

Eid al-Adha 2025: Crescent moon sighted in Saudi Arabia – Holiday dates announced

Residents in Saudi Arabia can look forward to a four-day holiday, beginning from Thursday, June 5

Saudi Arabia’s non-oil exports rise 13.4 percent to $21.6 billion in Q1 2025

China remained the main destination for Saudi Arabia's exports, accounting for 15.7 percent of total exports in Q1 2025

Saudi Arabia, Kuwait announce first major oil discovery in North Wafra since mid-2020

Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day

Eid al-Adha 2025: Saudi Exchange announces 6-day holiday

The Supreme Court has called upon Muslims across the Kingdom to sight the crescent moon of Dhu al-Hijjah on Tuesday evening

Saudi Arabia’s digital economy contribution to GDP soars to 15.6 percent in 2023

Imports of ICT goods soared to SAR54.9 billion, marking a 19.9 percent increase in 2023

Saudi Arabia unveils TOURISE to redefine global tourism by uniting visionary leaders across sectors

This initiative represents a significant step towards sustainable growth in the global tourism industry

Mastercard launches cyber resilience center to enhance digital security in Saudi Arabia

Three pillars focus on education, best practices, and risk assessments to boost cyber defenses 

Emirates launches 45+ special flights for Hajj and Eid Al Adha: Serving 32,000 pilgrims across key global cities

The Dubai carrier continues to strengthen its commitment to providing culturally sensitive, memorable, and seamless journeys for travelers across its worldwide network

Saudi Arabia launches AI incubator to propel startup growth, digital economic development

The new incubator supports AI startups, enhancing Saudi Arabia's position as a regional innovation hub 

Saudi Arabia and Spain partner to boost joint projects, economic collaboration

Key areas of cooperation include economic modeling, support for SMEs, and joint project facilitation

Saudi Arabia’s ACWA Power secures CMA approval for $1.9 billion rights issue to fuel growth strategy

Subscription eligibility will be limited to shareholders registered with Edaa as of the deadline

Saudi capital market’s AUM grows 20.9 percent to record $266.6 billion in 2024, says CMA

The number of subscribers in public and private funds exceeded 1.72 million, an annual increase of 47 percent

Saudi youth lead AI adoption surge: Over 27 percent use AI tools amid Kingdom’s digital transformation

Kingdom is reinforcing its position as a regional hub for innovation and digital transformation

Saudi Arabia’s PIF to invest $170 billion in Europe by 2030 as it opens new Paris office

The economic impact of the PIF's investments in Europe is expected to reach $105 billion by 2030

Trump departs UAE, concludes Gulf tour with over $2 trillion in investment agreements

Trump secured over $2 trillion in investment agreements with key Middle Eastern partners during his visit

Saudi Arabia’s inflation reaches 2.3 percent in April 2025, among lowest in G20 nations

GASTAT measures prices through a fixed basket of 490 goods and services paid by consumers

Gulf sovereign wealth funds and the Santiago Principles: Navigating a new era

Funds from the region have largely operated with commercial considerations, emphasizing governance, independence, and long-term investment strategies

STC Bank: Pioneering digital banking with Saudi cultural innovation

How a home-grown digital bank is reshaping financial services in the kingdom

First Saudi satellite for space climate set to launch under Artemis II mission with NASA

The satellite mission aims to localize space technologies and boost local content in industries 

Saudi Arabia’s wholesale inflation hits 6-month high at 2.0 percent in April 2025

Agricultural and fishery product costs surged, leading to the acceleration in wholesale price inflation