Saudi Aramco and Sumitomo Chemical Co. have agreed to waive $1 billion in debt owed by Petro Rabigh, marking a significant step in the refinery’s upgrade and turnaround strategy. According…

Saudi Arabia’s real estate market experienced a significant surge in the first half of 2024, with transactions rising by 38% to reach 106,700 deals, totaling approximately SAR 127.3 billion ($33.9…

Saudi Arabia's industrial sector has experienced significant growth, driven by the Vision 2030 initiative, with the number of industrial facilities increasing by 60 percent since the vision's launch. According to…

Saudi Arabia’s newly updated investment law and a series of recent reforms are expected to significantly advance the Kingdom's goal of securing $24 billion in foreign direct investment (FDI) in…

Saudi Arabia is offering over 120 enablers and incentives to attract investment in its mining sector, according to a top official. Minister of Industry and Mineral Resources Bandar Alkhorayef highlighted…

Saudi Arabia's non-oil exports experienced a 7.3 percent increase in June, reaching SR21.59 billion ($5.75 billion) compared to the same month last year, according to official data from the General…

In a significant development for the logistics sector, Saudi Arabia’s Jazan region is set to benefit from enhanced operational management and air freight services following a strategic agreement between SAL…

Saudi Arabia’s official reserve assets reached SR1.7 trillion ($452.8 billion) in July, reflecting a 6.06 percent increase compared to the same period last year, according to recent data from the…

Venture capital investments in the Middle East and North Africa (MENA) surged to $355 million in July, marking a 206 percent increase from June and a 260 percent rise year-over-year,…

Riyadh Air has unveiled the first electric bus in its employee transportation fleet, aligning with Saudi Arabia's Vision 2030 objectives to reduce carbon emissions. This initiative, developed in collaboration with…