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  • Saudi Arabia Seeks Data Law Balance: Streamlining Business While Upholding International Standards

    Saudi Arabia's Proposed amendments to its Data Protection Law (DPL) could significantly impact international companies operating in the region. These changes focus on streamlining the process of transferring personal data outside the country, potentially offering greater flexibility and cost savings for businesses.

  • Saudi Arabia Seeks Data Law Balance: Streamlining Business While Upholding International Standards

    Saudi Arabia's Proposed amendments to its Data Protection Law (DPL) could significantly impact international companies operating in the region. These changes focus on streamlining the process of transferring personal data outside the country, potentially offering greater flexibility and cost savings for businesses.

  • Saudi Arabia’s non-oil business activity grows robustly in March, PMI shows

    Strong demand helped drive non-oil business activity in Saudi Arabia in March, with output accelerating to a six-month high, a survey showed on Wednesday. The seasonally-adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index stood at 57.0 in March, slightly lower than 57.2 in February, but well above the 50.0 mark denoting expansion in activity. The output sub-index rose to 62.2 in March from 61.5 the previous month, its strongest since September last year, supported by new orders particularly in the manufacturing sector.

  • Saudi HR minister, business leaders discuss labor-market challenges

    Saudi Minister of Human Resources and Social Development Ahmad Al-Rajhi on Tuesday met business representatives of the private sector in Makkah. During the meeting at the headquarters of the Makkah Chamber of Commerce, Al-Rajhi reviewed the labor-market strategy and achievements between 2019 and 2023 and was told about the main challenges and opportunities in the private sector.

  • Saudi business registrations rise 12% to 1.12m, minister says

    Saudi Arabia’s business registrations saw a notable increase of 12 percent from 2019 to 2023, reaching a total of over 1.12 million commercial records, a top official said. Minister of Commerce Majid Al-Qasabi disclosed the figures during a meeting in Jeddah to discuss challenges and enhance the Kingdom’s enterprise environment, The session was attended by Mohammed Yousuf Naghi, chairman of the Jeddah Chamber of Commerce, and other board members, as well as members of the community, including investors, businesspeople, and entrepreneurs, according to the Saudi Press Agency.

  • Tencent to expand cloud business in Saudi Arabia and UAE

    Tencent is planning to expand its cloud business in Saudi Arabia and the United Arab Emirates and will reportedly make "huge new investments" in data storage. The company's plans were revealed in a report by Bloomberg.

  • Prominent Emirati businessman Saeed Juma Al Naboodah passes away

    Prominent Emirati businessman Saeed Juma Al Naboodah, Chairman of the Saeed and Mohammed Al Naboodah Group, and former Chairman of the Dubai Chamber of Commerce and Industry, passed away today (Wednesday, 13th March). The funeral prayer for Saeed Juma Al Naboodah will take place after the noon prayer tomorrow (Thursday). Condolences will be received for three days, starting from Thursday evening prayer and continuing until Saturday, at the designated location in the Al Khawaneej area.

  • A Saudi business is leaving Arizona valley after it was targeted by the state over groundwater use

    Arizona officials said a Saudi-owned company they targeted over its use of groundwater to grow forage crops is moving its farming operation out of a valley in the Southwestern state’s rural west. Gov. Katie Hobbs and the Arizona State Land Department announced late Thursday that Fondomonte Arizona is officially no longer pumping water in the Butler Valley groundwater basin. Some residents of La Paz County had complained that the company’s pumping was threatening their wells.

  • Saudi-Pakistan business forum begins with $20 billion trade target

    The Saudi-Pakistani Business Forum commenced in Riyadh on Wednesday, under the aegis of Minister of Commerce Dr. Majid Al-Qasabi. The event, orchestrated by the Federation of Saudi Chambers, witnessed the attendance of high-profile Saudi and Pakistani representatives. Fawaz bin Rafaah, acting Deputy Governor of the General Authority of Foreign Trade for Private Sector Affairs and Global Presence, highlighted the pivotal role of the private sector in bolstering trade relations. He addressed the gathering on behalf of Dr. Al-Qasabi.

  • Saudi Business Center to issue two instant commercial licenses for investors

    The Saudi Business Center (SBC) has decided to issue two licenses instantly to investors and business owners, and these are municipal commercial license, and the safety license, which is to be issued by the General Directorate of Civil Defense. The center stated that the new service aims to facilitate starting and operating businesses in the Kingdom, through issuing a Commercial Municipality License service available on the center’s business platform. It also allows the business sector to request the issuance of two licenses for more than 600 commercial activities in one step.