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Non-oil business activity in Saudi Arabia grew solidly in December with new orders rising at the fastest pace in six months, and the seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index stood at 57.5 in December ending 2023 well above the 50 mark signaling economic growth, Reuters

Saudi Arabia's Ministry of Investment has developed a mechanism to grant premium residency to executives who base their company's regional headquarters in the Kingdom, according to reports, in a bid to boost the business environment in the Kingdom and attract more foreign investment.

Saudi Aramco has signed a $500 million agreement to buy a minority stake in liquefied natural gas company MidOcean Energy. This is Aramco's first investment in LNG and is part of the company's efforts to diversify its activity beyond its core oil business.

Governor of Riyadh Prince Faisal bin Bandar recently held a ceremony to launch a giant tunnel-boring machine (TBM) for the Riyadh metro, according to photos...

Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.