Business & Finance - Page 2

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 of the largest unconventional gas developments in

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 to the same month last year. This

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 at USD 1.2 billion, marking an 11% increase from

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 significantly boost the stock’s appeal to both

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 in the region. The round was led

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 international collaboration and highlighting investment opportunities aligned

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 shaping the nation’s economic future. This growth

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 offering integrated digital solutions that align with

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 the Kingdom’s rapid progress in realizing the

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 from the previous close. The total trading

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 data released by the Saudi Central Bank

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 a new program aimed at empowering youth,

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 recent report from the Saudi Ministry of

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 gold fell 0.3% to $2,315.29 per ounce,

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 healthcare and defense sectors. According to

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 role in satisfying their growing demands. Businesses

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 return on investment (ROI) when using Snapchat

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 weeks, the region has witnessed an uptick

Saudi Arabia’s startup ecosystem is gaining remarkable momentum, fueled by strong government support aligned with Vision 2030’s goal of diversifying the national economy and fostering innovation. With this acceleration, state-driven initiatives are

Saudi Arabia’s NEOM Energy and Water Company (ENOWA) has been named first runner-up in the Innovative Research and Development Award (International Institutions category) during the fourth cycle of the Mohammed bin Rashid