Saudi Arabia

OPEC+ extends oil output cuts until end of 2026

Despite the group's efforts in limiting supply, Brent crude has mostly stayed in a $70-$80 per barrel range this year

The Chedi Hegra hotel opens Its doors in AlUla’s UNESCO World Heritage Site

The Chedi Hegra features 35 thoughtfully restored rooms, suites and villas, offering stunning views of the surrounding desert

Optimism in Saudi real estate fueled by lower rates and strong transparency: Report

The Kingdom’s commitment to economic diversification under Vision 2030 support growth and boost investor confidence 

Airbus opens new regional headquarters in Saudi Arabia

Al Qahtani will focus on strengthening partnerships with governments and stakeholders while driving new business growth in the region

Most popular destinations to visit in Saudi Arabia this winter

Tabuk, Riyadh, Abha and Al Ula are among the most popular destinations for Saudis seeking winter escapes

Air France-KLM to expand footprint in Saudi Arabia with more flights

Air France-KLM also signs an MoU with Saudia to expand their codeshare and commercial agreements

GCC economies to more than double growth to 4 percent in 2025: Report

UAE's economy is set to grow from 3.7 percent in 2024 to 4.5 percent in 2025

The economic impact of land degradation: Why $1 billion daily investments are crucial

$2.6 trillion is needed by 2030 to restore over one billion hectares of degraded land and improve drought resilience

New Murabba launches ESG and decarbonization strategies aligned with Vision 2030

These frameworks demonstrate the company's commitment to sustainable development

Saudi Arabia Crown Prince launches National Red Sea Sustainability Strategy

Strategy aims to increase the coverage of marine and coastal protected areas from 3 percent to 30 percent by 2030

COP16 Riyadh: NEOM green hydrogen facility to meet 10 percent of global production targets

Facility supports the goals of the Saudi Green Initiative to promote clean energy sources and reduce carbon emissions

Saudi Arabia Crown Prince meets French President, executives from top French companies

Meeting addressed efforts to combat desertification and the exchange of innovative expertise and technologies

Saudi Arabia, France form strategic partnership council to bolster cooperation in key sectors

FDI flows from France to Saudi Arabia amounted to more than SAR11.2 billion in 2023

Saudi Arabia’s Aramco acquires 10 percent stake in Horse Powertrain Limited

Renault Group and Geely will each retain a 45 percent stake in the company

Saudi Arabia, World Bank partner to establish global knowledge hub in Riyadh

The K-Hub will focus on two primary areas: competitiveness and diversification

World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026

UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth 

UAE National Day: Historical bond with Saudi Arabia rooted in unity, shared vision

The Saudi Crown Prince's visit to the UAE emphasizes commitment to collaboration on regional and international issues amid global challenges 

UAE President, Saudi Crown Prince meet to discuss close bilateral ties

The Crown Prince congratulated the UAE President on 53rd Eid Al Etihad

Saudi Arabia’s expenditure on research and development surges by 17.4 percent to $6 billion

The workforce in the R&D field increased by 12.2 percent, bringing the total number of employees to 49,337

EFG Hermes advises on Maarif Education’s landmark acquisition of Ibn Khaldoun Education in Saudi Arabia

This complex transaction stands as one of the most substantial investments to date in Saudi Arabia’s private K-12 education sector

Saudi Arabia sees 27 percent surge in incoming tourists over 9 months, says tourism minister 

By the end of 2023, tourism contributed 5 percent to GDP, with a goal of reaching 10 percent by 2030

Saudi Arabia attracts 2.5 million tourists to 80 global sporting events

Vision 2030 seeks to increase the sporting sector’s contribution to the Kingdom's GDP to $4.8 billion by 2030

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025 

AROYA Cruises redefines luxury travel in Saudi Arabia with inaugural voyage on December 16

It features 1678 cabins, 20 entertainment outlets, 29 restaurants and bars, and the highest shopping mall coverage of any cruise line in the world