The two brands will launch new products to enable small business owners to have full autonomy over their business decisions
The index will track the performance of companies listed as Shariah-compliant on the Saudi stock exchange
Crude has slumped since mid-June as concerns about a potential recession ripped through commodity markets
West Texas Intermediate tumbled below $91 a barrel on Thursday
The move by Saudi Arabia marks a win for Joe Biden as he uses his visit to the region this week to advance US strategic interests
Demand for motor fuel plunged last week to the lowest seasonal level since 1996
Crude has tumbled since early June on escalating fears of a slowdown as central banks raise rates to combat rampant inflation
Founded in 2021, Right Farm uses predictive technology, which is designed to provide a seamless and convenient end-to-end process from farm to table
Saudi Arabia sends more than 60 per cent of its crude exports to Asia
The tram is expected to boost AlUla’s development as a tourist hotspot and modern living destination and will complement the existing autonomous pods shuttle service
Executives share their views on the growth and future prospects of their sectors
Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet
Citizen unemployment peaked at over 15 per cent at the height of the pandemic in mid-2020 and has since fallen almost every quarter
Other investors include Britain’s Metric Capital Partners and South Korea’s IMM Investment
The cloud platform will enable innovation while enhancing efficiency, resiliency, and security for healthcare providers
IBM will work with KSU to support AI education and awareness while maximising partnerships with academia, the public, and private sector
The figures were cited in an economic report issued by the Saudi Chambers of Commerce and Industry during Saudi Crown Prince Mohammed bin Salman’s visit to Jordan
Results from a new Twitter Insights Survey showed that around 33 per cent of the respondents in Saudi Arabia didn’t know how they felt about travel in 2022 against 31 per cent who were confident to hop on a plane and travel
Central banks across the GCC have also raised their interest rates
The MENA region is well-positioned to supply around 10-20 per cent of the global hydrogen market by 2050, with the GCC and North Africa set to become global export hubs
Joe Biden will visit the country on July 15-16
The kingdom registered 905 new Covid-19 infections on June 12
US inflation accelerated to a fresh 40-year high last month, raising the likelihood of more aggressive interest-rate hikes from the Federal Reserve
International banks including Citigroup and Bank of America have been expanding in the kingdom
The Public Investment Fund’s Savvy Gaming Group will become the second largest owner in Embracer Group after acquiring almost 100 million shares
Alrehaili brings over 15 years of experience working in the technology industry in both the public and private sectors
The investment is expected to create more than 5,000 jobs and will be the first of several deals announced by the fund over the next year
The agreement will accelerate the geographical expansion of valU and provide digital finance solutions to consumers in Saudi Arabia through FAS Finance
Saudi Arabia sends more than 60 per cent of its crude exports to Asia, with China, Japan, South Korea and India being the biggest buyers
Flights will commence with a daily service, from Dubai International’s Terminal 2