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Riyadh, March 5, 2026 (Saudi Arabia Breaking News) – Zakat, Tax and Customs Authority urged establishments subject to withholding tax to submit their tax forms for February 2026 no later than March 10, 2026. Submissions must be completed via the authority’s official website to avoid late penalties, which are calculated at 1% of the unpaid tax for each 30 day delay, it said. Withholding tax applies to payments made from Saudi sources to non-resident entities without a permanen

Riyadh, March 4, 2026 (Saudi Arabia Breaking News) – SABIC said on Wednesday its adjusted net income for 2025 stood at 2.1 billion riyals, while revenue reached 116.5 billion riyals, according to figures released at a press conference in Riyadh. The company reported free cash flow of 7.2 billion riyals for the year, up 17% from 2024, and said it paid interim cash dividends for the second half of 2025 totalling 4.5 billion riyals. Chief executive Abdulrahman bin Saleh Al-Fagee

SPA Riyadh, March 3, 2026 (Saudi Arabia Breaking News) – New Murabba Development Company, a unit of the Public Investment Fund, has signed a strategic agreement with the Electric Vehicle Infrastructure Company to install, operate and maintain electric vehicle charging solutions across a number of New Murabba’s main assets, the Saudi Press Agency reported. Under the agreement, the two sides will install high quality alternating current chargers at New Murabba’s headquarters, a

SPA Riyadh, February 20, 2026 (Saudi Arabia Breaking News)  – The Zakat, Tax and Customs Authority (ZATCA) has called on businesses with annual supplies exceeding SAR40 million to submit their Value Added Tax (VAT) returns for January 2026 by February 28. ZATCA warned that late submissions will be subject to penalties ranging from 5% to 25% of the tax due. The authority encouraged taxpayers to file and pay through its official website or mobile application to ensure complianc

Riyadh, February 16, 2026 (Saudi Arabia Breaking News) – Japan’s economy expanded at an annualised real rate of 0.2% in the October–December period, marking the first growth in two quarters, according to government data released on Monday. Real gross domestic product rose 0.1% from the July–September period, based on a preliminary report by the Cabinet Office. For the full year 2025, nominal GDP increased 4.5% from the previous year to 662.79 trillion yen ($4.3 trillion), Kyo

SPA Riyadh, February 9, 2026 (SABN) – The International Monetary Fund and the Arab Monetary Fund signed a memorandum of understanding on the sidelines of the AlUla Conference on Emerging Market Economies to strengthen cooperation between the two institutions. The memorandum was signed by IMF Managing Director Kristalina Georgieva and Arab Monetary Fund Director General Fahad Alturki. The agreement aims to strengthen coordination in economic and financial policy areas includin

Riyadh, February 3, 2026 (Saudi Arabia Breaking News) – Saudi Arabia’s non-oil private sector continued to expand in January, but at a slower pace than the previous month, as rising input costs added pressure despite firm demand, a purchasing managers’ survey showed. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index fell to 56.3 in January from 57.4 in December, its lowest level in six months, while remaining firmly in expansion territory. A reading a

SPA Riyadh, February 1, 2026 (Saudi Arabia Breaking News) – Saudi Arabia’s real gross domestic product grew 4.5% in 2025 compared with the previous year, with growth of 4.9% in the fourth quarter compared with the same period in 2024, according to estimates released by General Authority for Statistics (GASTAT). Oil activities recorded the strongest expansion, rising 10.4% in the fourth quarter and 5.6% over the full year, the estimates showed. Non-oil activities grew 4.1% in

S[A Jeddah, Jan 28 (Saudi Arabia Breaking News) – The Formula 1 stc Saudi Arabian Grand Prix has contributed to direct and indirect economic activity in Jeddah, supporting tourism and stimulating commercial and investment momentum in the city, according to figures and assessments outlined in the event summary. Race-period demand lifted hotel occupancy and air travel activity, with spillover across hospitality, retail and services, and increased business activity along the Jed

DarGlobal CEO Ziad El Chaar speaks during an interview with Reuters in Riyadh, Saudi Arabia, January 11, 2026. REUTERS/Hamad I Mohammed Riyadh, January 12, 2026 (Saudi Arabia Breaking News) – Saudi real estate developer Dar Global will launch two Trump-branded luxury projects in Riyadh and Jeddah with a combined value of $10 billion, CEO Ziar El Chaar said on Sunday. El Chaar told Reuters the Riyadh plans include a Trump National Golf Course and a Trump International Hotel in

SPA Riyadh, Jan 12, 2026 (Saudi Arabia Breaking News) – Saudi Arabia’s delivery sector recorded more than 124 million orders in the fourth quarter of 2025, up 60% from the same period a year earlier, according to a statistical bulletin issued by the Transport General Authority (TGA). The authority attributed the growth to ongoing development in the sector, including innovation in logistics services, wider use of technological solutions and rising reliance on e-commerce, which

Riyadh, Jan 12, 2026 (Saudi Arabia Breaking News) – Saudi Arabia’s General Authority for Statistics (GASTAT) said the Kingdom’s Industrial Production Index for November 2025 rose 10.4% year on year, driven by gains in mining and quarrying, manufacturing, and utility-related activities. The index fell 0.7% compared with October 2025, GASTAT said in its Industrial Production Index bulletin. Mining and quarrying recorded a 12.6% year-on-year increase in November, supported by hi

Riyadh, January 6, 2026 (Saudi Arabia Breaking News) – Saudi Arabia’s National Debt Management Center (NDMC) said it completed investor request intake for the Kingdom’s first international bond issuance of 2026 under its Global Medium-Term Note Issuance Programme (GMTN), with an order book of around $31 billion. NDMC said the order book represented an oversubscription of 2.7 times, and that the Kingdom issued a total of $11.5 billion (equivalent to SAR43.13 billion) through a

SPA Jeddah, January 3, 2026 (Saudi Arabia Breaking News) – King Abdulaziz International Airport reported a record 53.4 million passengers in a single year, the highest annual count recorded at a Saudi airport, according to a statement on the airport’s performance. The airport also handled 310,000 flights and processed 60.4 million pieces of baggage, the statement said, describing the baggage total as a 12% increase compared with 2024. It also processed 9.57 million Zamzam wat

SPA RIYADH, December 25 (Saudi Arabia Breaking News) – Saudi Arabia’s non-oil exports, including re-exports, rose by 32.3% in October 2025 compared with the same month a year earlier, official data showed. Figures released by the General Authority for Statistics showed that national non-oil exports increased by 2.4%, while total merchandise exports grew by 11.8% over the same period. The data also indicated that the Kingdom’s trade balance surplus expanded by 47.4% in October

📷SPA RIYADH, December 2, 2025 (Saudi Arabia Breaking News) – His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs, affirmed on Tuesday the government’s commitment to placing citizens’ interests at the forefront of its priorities following the approval of the state budget for fiscal year 1447/1448 AH (2026). Prince Mohammed bin Salman attributed the Kingdom’s achievem

📷SPA RIYADH, November 21, 2025 (Saudi Arabia Breaking News) – The Public Investment Fund (PIF), the Saudi Information Technology Company (SITE), and Microsoft announced the signing of a memorandum of understanding (MoU) to explore the delivery of Microsoft’s sovereign-cloud services in Saudi Arabia, aiming to enhance data security, confidentiality, and sovereignty within the Kingdom while enabling access to advanced cloud and AI technologies. Microsoft brings long-standing e

📷SPA WASHINGTON, D.C., November 19, 2025 (Saudi Arabia Breaking News) – His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and U.S. President Donald J. Trump participated on Wednesday in the Saudi–U.S. Investment Forum held at the John F. Kennedy Center in Washington, D.C. During the forum, HRH the Crown Prince delivered a speech expressing his pleasure at meeting again with the U.S. president and attending the event only si