Business
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Saudi Non-Oil Sector Hits Three-Month High as Domestic Demand Picks Up
Saudi Arabia’s non-oil private sector expanded at its fastest pace in three months during May, as domestic demand improved and…
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Saudi Arabia Named Guest of Honor at Russia’s Premier Economic Forum
Saudi Arabia will serve as the guest of honor at the 29th St. Petersburg International Economic Forum (SPIEF), Russia’s flagship…
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Saudi Non-Oil Exports Rise 18.9% to $97bn in 2025: GASTAT
Saudi Arabia’s non-oil exports, including re-exports, recorded strong growth in 2025, rising 18.9 percent year on year as a sharp…
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Aramco, PETRONAS Sign Agreement to Restructure PRefChem Stakes
Saudi Aramco and PETRONAS have signed an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn.…
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Moody’s Affirms Saudi Arabia’s Aa3 Rating amid Resilience to Global Shocks
Saudi Arabia has retained its “Aa3” credit rating with a “stable” outlook by Moody’s credit rating agency, reported the Saudi…
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Mawani Launches CMA CGM Ocean Rise Express Service at Jeddah Port
Saudi Arabia’s Ports Authority (Mawani) has added CMA CGM’s Ocean Rise Express (OCR) service to Jeddah Islamic Port, according to…
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East-West Pipeline Powers Saudi Arabia’s Strongest Trade Surplus Since 2022
Saudi Arabia recorded its highest merchandise trade surplus since 2022 in March, as oil exports climbed 37.4% to SAR 92.5…
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SFD Supports New Investment Packages in Oman’s Al Dhahirah Economic Zone
Saudi Fund for Development (SFD) Chief Executive Officer Sultan Abdulrahman Al-Marshad attended the signing of agreements between Oman’s Public Authority…
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Saudi Mawani Connects Jeddah, Salalah, Djibouti via New Shipping Service
The Saudi Ports Authority (Mawani) has introduced a new shipping service to Jeddah Islamic Port to enhance maritime connectivity and…
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GCC, UK Sign Historic £3.7bn Trade Deal
The Gulf Cooperation Council (GCC) and the UK on Wednesday signed a Free Trade Agreement (FTA), concluding four years of…
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