Saudi Arabia

UAE, Saudi Arabia reaffirm commitment to “closing the early warning gap” on World Meteorological Day

Number of countries possessing multi-hazard early warning capabilities increased from 52 in 2015 to 108 by the end of 2024

Saudi Arabia’s quality of life program to transform Makkah into a global model for cities

In 2023, the program contributed SAR1.5 billion to Saudi Arabia's GDP

Aramco launches Saudi Arabia’s first carbon dioxide direct air capture test unit

Company’s aims to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly-owned operated assets by 2050

Saudi Arabia: Best places to watch Eid al-Fitr fireworks in 2025

Musical concerts will resonate in Riyadh, Shaqra, Abha, Qassim, Jeddah and Eastern Region cities

SAL Logistics invests $1.07 billion in new logistics zone in Riyadh’s Falcon City

Project will feature high-quality Class A warehouses, scalable storage solutions and cutting-edge operational infrastructure

Saudi Arabia’s IsDB commits over $1.4 billion to advance development goals across eight member countries

Approved projects in food security, health, education, and transportation support achieving the SDGs

Red Sea International Airport, Plaza Premium Group join forces to pioneer new lounge services in Saudi Arabia

Saudi Arabia's premium departure lounges will offer a fully à la carte dining experience for passengers

Saudi Arabia’s inflation steady at 2 percent in February, among lowest in G20

The CPI measures the changes in prices paid by consumers for a fixed basket of 490 goods and services

Sports Investment Forum 2025 to boost growth in Saudi Arabia’s sports sector

Forum to feature dialogue sessions and workshops addressing topics such as sports tourism, smart stadium technologies and club financing

Prince Mohammed bin Salman launches the Saudi Architecture Characters Map to celebrate the Kingdom’s architectural heritage

The first phase of Saudi Architecture will target major projects, government buildings and commercial structures in Al-Ahsa, Taif, Makkah and Abha

Emirates flights to Riyadh: Retrofitted Boeing 777 to begin daily services soon

The airline aims to enhance passenger experience with new Business Class seats and acclaimed Premium Economy

Saudi Arabia’s stock market rises after S&P upgraded credit rating to ‘A+’

The upgrade is backed by better governance and stronger institutions, enhancing domestic capital markets' depth

Saudi-backed Scopely to acquire Pokémon Go maker for $3.5 billion

In 2023, Scopely was acquired by Savvy Games Group, a subsidiary of Saudi Arabia’s PIF, for $4.9 billion

Electricity investment needs to keep up with rising demand

IEA says the world needs to invest $700 billion per year by 2040

UN acknowledges Saudi Arabia as global model for water resources management

UN's selection showcases Saudi Arabia's water achievements under Vision 2030 and National Strategy

Saudi Arabia hosts U.S.-Ukraine talks in Jeddah

These discussions are vital for the Kingdom's efforts to address the Ukraine crisis and promote peace

Interest rate cuts boost net income at Saudi banks to $5.73 billion in Q4 2024, says Fitch

The total net profit of Saudi banks rose to SAR80 billion in 2024 from SAR70 billion in 2023

Saudi Arabia, Ukraine seek stronger economic ties as bilateral trade grows 9 percent in 2024

The two sides welcomed the upcoming reestablishment of the Saudi-Ukrainian Business Council in 2025

Saudi Aramco president calls for new global energy model balancing traditional and renewable energy sources

Nasser noted that new energy sources do not replace traditional ones; they complement them

Saudi Tourism Ministry: Licensed hospitality facilities surge by 80 percent in Makkah

The Ministry recently introduced an online service to check hotel and apartment license statuses in Makkah and Madinah

Saudi Arabia’s GDP up 1.3 percent in 2024, driven by non-oil sector growth

The growth stemmed from a 4.3 percent rise in non-oil and a 2.6 percent increase in government activities.

PIF launches first Saudi-owned duty-free retailer to propel travel retail growth

Al Waha to drive growth in Saudi Arabia's travel retail market by enhancing the traveler experience

Saudi Arabia’s liquidity grows 9 percent to $778.6 billion in 2024

Demand deposits, which constitute the largest share, accounted for 49.3 percent of the total liquidity at SAR1.440 trillion