Business & Finance

MIS has described its HUMAIN project as a strategic turning point in the company’s growth trajectory, revealing that its order backlog has exceeded SAR 12 billion, reflecting strong market demand and growing

Trade between Saudi Arabia and Indonesia has reached approximately $6.6 billion, highlighting the steady expansion of economic relations between the two countries and the growing scope of bilateral cooperation. The figure reflects

Saudi Arabia is positioning itself to become a major carbon trading hub for the Global South, advancing an ambitious strategy to support international climate efforts and accelerate the growth of a sustainable

More than 150 Thai brands took part in a major trade exhibition in Riyadh, reflecting a rapidly expanding economic relationship between Thailand and the Kingdom. The event showcased a diverse selection of

Saudi Arabia’s economy recorded a strong 4.8% growth in the third quarter, supported largely by expanding non-oil activities and continued momentum across key sectors targeted by the Kingdom’s economic transformation plans. The

Saudi Arabia took part in the Thailand International Mega Fair, one of Asia’s major commercial exhibitions, where it highlighted the rapid growth and diversification of its national industries. The Kingdom’s participation reflects

Farmers in the Najran region have increasingly turned to sugarcane cultivation, recognizing its strong adaptability to local agricultural conditions and its potential to deliver high economic returns. This shift reflects growing interest

Daily profits from transporting crude oil along major shipping routes have surged by an extraordinary 467%, marking one of the most dramatic increases recorded in the global oil-transport sector in recent years.

A new economic assessment has revealed that Saudi Arabia and the UAE are driving CEO confidence and leading the Middle East in corporate AI readiness, reflecting the rapid digital transformation and strong

New economic data shows that Saudi Arabia’s point-of-sale (POS) transactions have remained above the $3 billion mark, underscoring strong consumer activity and reflecting healthy momentum across key service and retail sectors. This

TEDxYouth Dammam brought together students, educators, and young changemakers for an inspiring event designed to expand horizons, spark creativity, and encourage students to express their ideas with confidence. The program featured a

Saudi Arabia has officially introduced permanent, unlimited-term residency for qualified foreign investors as part of its ongoing efforts to enhance investment attractiveness and strengthen long-term economic growth. The new initiative provides a

King Abdullah University of Science and Technology (KAUST) has entered a major strategic partnership with SkyGrid, a leading company in autonomous aerial systems and AI-driven aviation technologies, to accelerate the development of

A high-level City of London delegation has begun a pioneering visit to the Kingdom, aimed at strengthening financial cooperation and expanding investment opportunities between the two nations. The trip marks a significant

Saudi Arabia has achieved 24.9% localization in military spending by the end of 2024, marking a significant milestone in the Kingdom’s defense industry development and its pursuit of self-sufficiency under Vision 2030.

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