After decades of providing cash assistance, the kingdom will invest $5 billion in companies and projects that promise yield.

S&P Global Ratings revised Saudi Arabia's forecast to positive from stable on Friday, citing strong non-oil growth outlook ...

GlobalData Economist Ollie Brown discusses tourism in the FDI sector, conflict in the region and the need to maintain a ...

The Middle East kingdom is betting big on AI as it races against the clock to diversify its economy away from oil.

S&P Global Ratings raised Saudi Arabia’s outlook to positive from stable and flagged the possibility for future ratings ...

Egypt said Saudi Arabia’s crown prince has directed the kingdom’s sovereign wealth fund to invest an initial $5 billion in ...

Saudi Arabia is diversifying its economy beyond oil and heavily investing in AI. CNN’s Eleni Giokos speaks with key players ...

Saudi Arabia's annual inflation rate inched up to 1.6% in August, from 1.5% in July, government data showed on Sunday, driven ...

As a result, fashion sales in Saudi Arabia are projected to soar by 48 percent from 2021 to 2025, reflecting a robust annual ...

This initiative aligns with Saudi Arabia’s Vision 2030, which emphasises economic diversification and industrial localisation ...

Saudi Arabia’s sovereign wealth fund-backed Neo Space Group is looking to lease multi-orbit capacity to bolster its foothold ...

Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman has put metals at the center of his Vision 2030, with Ma’aden ...