The United Bank for Africa (UBA) Group has announced that it will open a new branch in Saudi Arabia by 2025. The Group Managing Director and...
Saudi Arabia’s economy has experienced its fourth consecutive quarterly contraction due to continued declines in the oil sector. According to preliminary data released by the General...
Saudi Arabia has subtly cautioned the Group of Seven (G-7) nations against seizing nearly $300 billion of Russia’s frozen assets, sources familiar with the discussions have...
Saudi Arabia has reported that more than 1,300 pilgrims died during the annual Hajj pilgrimage, with temperatures reaching the highest levels seen in two decades. The...
Saudi Aramco is poised to raise at least $11.2 billion through a significant stock offering, the largest global deal of its kind in three years. This...
Saudi Aramco’s latest $12 billion share offering sold out within hours of its launch on Sunday. The rapid sellout marks a significant success for the Saudi...
Saudi Arabia has announced the opening of an alcohol shop in Riyadh, breaking a 70-year-long prohibition on the sale of alcoholic beverages in the kingdom. This...
Saudi Arabia is embarking on a bold venture to attract up to $80 billion in private investment into its burgeoning tourism industry, a move pivotal to...
Saudi Arabia’s state-owned oil company, Aramco, has decided to suspend its ambitious plan to boost oil production capacity to 13 million barrels per day (bpd) as...
Oil prices dipped by more than 1% on Monday following Saudi Arabia’s strategic decision to implement sharp price cuts and a simultaneous rise in OPEC output....