RIYADH — The United States ranked sixth among the top countries investing in Saudi Arabia by the end of 2024, with foreign direct investment (FDI) totaling $15.4 billion, according to data released by the Saudi Ministry of Investment.
The United (...)
KUWAIT — Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah received International Olympic Committee (IOC) President Dr. Thomas Bach, IOC President-Elect Kirsty Coventry, and Saudi Minister of Sports and President of the Saudi Olympic and (...)
JEDDAH — Custodian of the Two Holy Mosques King Salman has extended invitations to leaders of the Gulf Cooperation Council (GCC) countries to attend the Gulf-US summit, scheduled to be held in Riyadh. The summit is part of US President Donald (...)
RIYADH — The OPEC+ countries have agreed on Saturday to an oil output hike for a second month in a row in June with 411,000 barrels per day.
Last month, the eight OPEC+ countries made a larger-than-planned production increase for May, also of (...)
KUWAIT — Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef led the Kingdom's delegation to the 54th meeting of the Gulf Cooperation Council (GCC) Industrial Cooperation Committee in Kuwait.
The committee discussed key industrial (...)
JEDDAH — The Council of Ministers discussed on Tuesday measures to balance Riyadh's real estate sector and reaffirmed the government's commitment to addressing rising land prices and rents witnessed in the capital city of Riyadh in recent years. (...)
KUWAIT — Saudi Foreign Minister Prince Faisal bin Farhan participated in the third meeting of the strategic dialogue between the Gulf Cooperation Council (GCC) and Central Asian countries, held in Kuwait.
The meeting focused on advancing cooperation (...)
RIYADH — Saudi Ministry of Defense hosted the eighth meeting of the Chiefs of Staff of the Dragon Group member states in Riyadh on Sunday.
The Saudi Chief of the General Staff Gen. Fayyadh Al-Ruwaili inaugurated the meeting, which discussed topics (...)
JEDDAH — Saudi Minister of Finance Mohammed Al-Jadaan emphasized that Arab countries must develop methods to measure the impact of increasing financial, economic, and trade pressures.
In a statement on his X account following his participation in (...)
RIYADH — Saudi Arabia's benchmark Tadawul All Share Index (TASI) closed 117 points (1.1 percent) higher at 11,194 points on Monday, the highest close since December 2024. Total turnover reached about SR 10.6 billion on Monday.
The Saudi stock (...)
RIYADH — The Saudi stock market lost more than half a trillion riyals in market value during trading on Sunday amid the losses of other Gulf states following the outbreak of a trade war caused by imposition of tariffs by US and China's retaliatory (...)
RIYADH — Saudi Arabia, Russia and six other OPEC+ countries, agreed on Thursday to boost oil supply in May 2025. The OPEC+ countries, which also include Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, agreed to raise (...)
RIYADH — Four Arab countries will join the 163rd Ministerial Council meeting of the Gulf Cooperation Council (GCC) countries in Makkah on Thursday.
The agenda of the meeting focuses mainly on strengthening strategic relation and joint work in a (...)
RIYADH — The meeting of OPEC+ alliance has decided on Monday to proceed with a planned April oil output increase. "This gradual increase may be paused or reversed subject to market conditions and this flexibility will allow the group to continue to (...)
RIYADH — King Abdul Aziz, the founder of the Third Saudi State, was a visionary leader and statesman who set Saudi Arabia on the path to modernization. His charismatic personality, wisdom, and leadership had a profound impact on those around him. He (...)
RIYADH — The Ministry of Foreign Affairs has expressed Saudi Arabia's deep solidarity with Kuwait following the tragic loss of Kuwaiti army personnel during a military exercise.
In an official statement, the Kingdom extended its sincere condolences (...)
RIYADH — A friendly and fraternal meeting brought together the leaders of the Gulf Cooperation Council (GCC), Jordan, and Egypt in the Saudi capital on Friday, underscoring their commitment to enhancing cooperation and coordination between their (...)
KUWAIT CITY — Saudi Minister of Tourism Ahmed Al-Khateeb participated in the ninth meeting of the ministers of tourism in the Gulf Cooperation Council countries.
Al-Khateeb expressed Saudi Arabia's aspiration to move forward with more joint programs (...)
Centrepoint launched an exciting media campaign showcasing its diverse collection of fashion and accessories for the holy month of Ramadan and Eid Al-Fitr, titled "Ramadan of Radiance." This launch took place at a glamorous gala event at Boulevard (...)
JEDDAH — The Organization of Islamic Cooperation (OIC), which groups 57 Islamic nations, joined several organizations and nations in the Arab and Islamic world in strongly condemning Benjamin Netanyahu's unacceptable and irresponsible remarks (...)
RIYADH — The Saudi Council of Ministers reaffirmed its support for facilitating the safe return of displaced Palestinians to their homes in the Gaza Strip. Crown Prince and Prime Minister Mohammed bin Salman chaired the Cabinet session in Riyadh on (...)
RIYADH — The meeting of the OPEC+ alliance ended on Monday with a decision to keep the current oil production policy unchanged. The OPEC+ members reaffirmed their commitment to production cuts aimed at ensuring the global oil market stability.
The (...)
RIYADH — Total non-oil merchandise exports, including national exports and re-exports, between Saudi Arabia and other Gulf Cooperation Council (GCC) countries, amounted to SR9.469 billion in November 2024.
This figure represents an annual growth (...)
Feel like airport security lines keep getting longer, or that you're booking hotel reservations way further in advance than you used to?
It's true. The UN's World Tourism Organization (UNWTO) has just released its 2024 year-in-review data, (...)
Kuwait's Ministerial Court sentenced former Interior Minister Sheikh Talal Al-Khaled to 14 years in prison on charges of embezzlement related to the budgets of the defense and interior ministries, Kuwaiti media reported. The court also ordered (...)
