Business & Finance

The OPEC+ alliance has reaffirmed its unified commitment to maintaining stability in global oil markets and ensuring a balanced supply-demand environment. Following its latest ministerial meeting on Friday, the group announced an

While dealmaking buzzed across the halls of the Future Investment Initiative, one transaction cut through the noise with the precision of a national strategy: Saudi Aramco’s $11 billion leaseback agreement for its

In a landmark move toward a more advanced financial future, Saudi Arabia has unveiled plans to integrate stablecoins into its financial ecosystem — a step aimed at attracting foreign investments and solidifying

Saudi Arabia’s Ministry of Environment, Water and Agriculture announced that the agriculture sector contributed SAR 117.8 billion ($31.5 billion) to the Kingdom’s GDP in 2024, marking a major milestone in the nation’s

Saudi Minister of Investment Khalid Al-Falih announced that Saudi Arabia has completed nearly 85% of its Vision 2030 transformation goals, affirming that the Kingdom’s comprehensive reform and development journey continues to advance

A global reassessment of the energy transition is currently underway, as long-term investment in oil and gas remains essential to meet the world’s rising energy demand, according to Amin H. Nasser, President

In a landmark deal set to reshape the global digital entertainment industry, the Public Investment Fund (PIF) has spearheaded a consortium to acquire Electronic Arts (EA), one of the world’s leading video

Saudi Aramco shares posted a notable increase of nearly 1.9% this week, positioning the company among the top gainers in the energy sector and driving the Saudi market higher. The rally coincided

The Gulf Cooperation Council’s unified visa system is entering its final approval phase, set to allow seamless travel across all six Gulf states with a single permit. While the initiative will benefit

Saudi Arabia’s cybersecurity sector has recorded significant growth, contributing approximately $4.9 billion (SAR 18.4 billion) to the Kingdom’s GDP — underscoring its role as a cornerstone of the digital economy and a

Tamara, Saudi Arabia’s leading fintech company, has announced a groundbreaking agreement to secure an asset-backed facility worth up to $2.4 billion from a consortium of major international financial institutions, including Goldman Sachs,

When speaking about entrepreneurship in the Kingdom, the name Loai Naseem—the designer and businessman—inevitably comes to mind. He is not only a symbol of personal success but also a pioneer who sought

Saudi Arabia’s industrial production posted a notable 6.5 percent increase in July compared to the same month last year, with the surge largely fueled by strong performances in the mining and manufacturing

MicroX has announced the launch of a series of new training courses designed to equip Saudi youth with the skills needed to excel in today’s rapidly evolving job market. The programs cover

Consumer spending through point-of-sale (POS) transactions in the Kingdom recorded an 18% increase in July, reaching a total of $4.21 billion compared to $3.56 billion in the same period last year, according

Saudi Arabia’s non-oil private sector recorded strong growth in August, with the Purchasing Managers’ Index (PMI) climbing to 56.4 compared to 55.1 in July, signaling an acceleration in economic activity outside the

Saudi Arabia has recorded a significant rise in foreign direct investment (FDI) inflows, which grew by 24% last year to reach $31.72 billion, compared to $25.5 billion the year before. The increase

In a significant development for European markets, Porsche AG has been removed from Germany’s prestigious DAX index, which tracks the 40 largest companies listed on the Frankfurt Stock Exchange. The decision follows

Saudi Arabia is preparing for a strong presence at Expo 2025 Osaka in Japan, with plans to organize more than 150 business and investment events throughout the exhibition period. This ambitious program

As part of ongoing efforts to diversify energy resources and reinforce sustainability, Saudi scientists are turning their attention to the vast potential of geothermal energy—a clean, reliable source capable of delivering round-the-clock