A delegation of Syrian business leaders is scheduled to visit Riyadh in a move aimed at strengthening economic and investment relations between the two sides, […]
Category: Business & Finance
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GCC Railway to Connect Gulf States by 2030, Driving Regional Integration and Economic Growth
The ambitious GCC Railway Project is moving forward with a clear vision to link Kuwait, Saudi Arabia, the UAE, Bahrain, Qatar, and Oman through a […]
Saudi Aramco Signs $11 Billion Jafurah Gas Development Deal with BlackRock-led Consortium
Saudi Aramco has signed a landmark $11 billion agreement with an investment consortium led by BlackRock to develop the infrastructure of the Jafurah gas project—one […]
Saudi Arabia’s Industrial Production Jumps 7.9% in June
The latest data from the General Authority for Statistics revealed that Saudi Arabia’s industrial production recorded a significant increase of 7.9% in June 2025 compared […]
Saudi Arabia’s PIF Ranked World’s Most Valuable and Fastest-Growing Sovereign Wealth Fund
In 2025, Saudi Arabia’s Public Investment Fund (PIF) was officially recognized as the highest‑valued and fastest‑growing sovereign wealth fund globally. Its brand is now valued […]
Credit Suisse Predicts Strong Outlook for Aramco Stock Following Free Share Distribution
A recent report by Credit Suisse projects a strong performance for Saudi Aramco’s stock following the company’s recent free share distribution, which is expected to […]
Lucidya Raises USD30 Million in Largest AI Funding Round in MENA
Lucidya, MENA’s leading AI-Powered customer experience management (CXM) platform, has announced the close of its USD30 million Series B round—the largest AI investment ever raised […]
Saudi Arabia Pavilion to Host Cross-Sector Business Events at Expo 2025 Osaka
The Saudi Pavilion at Expo 2025 Osaka is set to become a dynamic hub for hosting a series of cross-sector business events aimed at fostering […]
Youth-Led Businesses in Saudi Arabia Surpass 474,000 driven by Tech Innovation
Recent figures reveal that over 474,000 businesses in Saudi Arabia are now led by young entrepreneurs—a powerful indicator of the dynamic role youth play in […]
PIF Launches “Tasama” to Boost the Kingdom’s Business Services Sector
The Public Investment Fund has announced the launch of “Tasama,” a new national company set to lead the business services sector in the Kingdom by […]
Saudi Financial Ecosystem Hits $267 Billion Milestone in 2024 in Line With Vision 2030
Saudi Arabia’s financial ecosystem reached a remarkable milestone in 2024, with its total value surpassing $267 billion (equivalent to SAR 1 trillion). This achievement reflects […]
Saudi Main Index Closes Slightly Lower at 11,253 Points
Saudi Arabia’s main stock index ended today’s trading session with a slight decline of 0.21%, closing at 11,252.90 points — a drop of 24.01 points […]
POS Spending in the Kingdom Rises 5% in Early July boosted by Hotel Sector
Point-of-sale (POS) transactions across the Kingdom saw a 5.3 percent increase during the first week of July 2024 compared to the previous week, according to […]
New Program Launched to Empower Youth and SMEs in Driving the Kingdom’s Economy
As part of its ongoing efforts to accelerate economic development and nurture national talent, the Ministry of Economy and Planning in the Kingdom has launched […]
Najran Sees 56% Surge in Business Registrations
Najran region in southern Saudi Arabia has experienced a significant 56% year-on-year increase in business registrations during the first half of 2024, according to a […]
Gold Nears 1-Month Low as Geopolitical Tensions Ease
Gold prices dipped on Monday, nearing their lowest level in a month as easing global geopolitical tensions reduced demand for the metal’s safe-haven appeal. Spot […]
Health, Defense Spending Drive Saudi ICT Deals Over $10 Billion
Saudi Arabia’s Information and Communications Technology (ICT) sector recorded a significant surge in 2023, with total contracts exceeding $10 billion, driven by increased spending in […]
The Shift in Saudi Consumer Expectations in 2024
As we look at the evolving expectations of Saudi consumers at the start of 2024, it becomes increasingly clear that technology will play a pivotal […]
Snapchat delivered a 14% higher ROI than the grouped channel average
Snap Inc., in partnership with Omnicom Media Group (OMG) and Annalect have released a new study revealing that advertisers in the GCC achieve a high […]
MENA Startup Ecosystem Gathers Pace with New Funding Rounds and Regional Expansions
The Middle East and North Africa (MENA) region is rapidly cementing its status as a vibrant and dynamic hub for entrepreneurship and innovation. In recent […]