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SAUDI ARABIA BREAKING NEWS
Minister of Finance Says Expansionary Spending to Continue in 2026 Budget
📷SPA Riyadh, Dec. 3, 2025 (Saudi Arabia Breaking News) – Saudi Arabia will continue expansionary spending in the 2026 budget, with stability and medium-term planning remaining central to fiscal policy, Minister of Finance Mohammed Aljadaan said on Tuesday. Total expenditure is projected at SAR1.313 trillion next year, rising to SAR1.419 trillion in 2028, with revenues expected to increase as economic activity accelerates. Spending on essential public services—including educa
Dec 32 min read
Saudi Crown Prince Highlights Vision 2030 Progress as Kingdom Approves 2026 State Budget
📷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
Dec 22 min read
Saudi Arabia Reports 5,651 Mineralization Sites in 2024, GASTAT Says
RIYADH, December 1, 2025 (Saudi Arabia Breaking News) – The General Authority for Statistics (GASTAT) released its Mineral Resources Statistics 2024 bulletin, reporting that the number of discovered mineralization sites in Saudi Arabia reached 5,651 in 2024, with non-metallic minerals representing the largest share. According to the bulletin, non-metallic minerals accounted for 54.1% of all sites, totaling 3,058. Metallic minerals represented 42.9% with 2,423 sites, while dep
Nov 301 min read
Saudi Arabia’s PIF, SITE and Microsoft sign MoU to explore sovereign-cloud services
📷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
Nov 211 min read
Saudi Crown Prince and U.S. President participate in Saudi–U.S. Investment Forum in Washington, D.C.
📷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
Nov 202 min read
Saudi Arabia records US$43 billion in real-estate deals as Cityscape Global 2025 continues in Riyadh
📷SPA RIYADH, November 19, 2025 (Saudi Arabia Breaking News) – Cityscape Global 2025 continued in Riyadh today, with the second day marked by ongoing investment launches and expanded discussions on urban development trends and the future of urban living. Over the first two days, the event recorded real-estate deals valued at US$43 billion, underscoring sustained growth in development activity and major urban projects across the Kingdom. Alongside investment announcements, Cit
Nov 191 min read
FII Institute Announces Program Focus and First Speakers for FII PRIORITY Asia 2025 in Tokyo
📷SPA RIYADH, November 17, 2025 (Saudi Arabia Breaking News) – The Future Investment Initiative (FII) Institute today revealed the initial lineup of global speakers and the program agenda for FII PRIORITY Asia 2025, scheduled to take place in Tokyo from November 30 to December 1. The summit will explore the theme “The New Asia,” focusing on how regional capital, technology, and creative industries are reshaping global economic trends and shifting the world’s economic center
Nov 172 min read
Saudi Arabia to Host U.S.–Saudi Investment Summit in Washington During Crown Prince Mohammed bin Salman’s Visit
📷 Saudi Crown Prince Mohammed bin Salman signs a defence agreement next to Pakistan Prime Minister Shehbaz Sharif (not pictured) in Riyadh, Saudi Arabia, September 17, 2025. Saudi Press Agency/Handout via REUTERS WASHINGTON, November 12, 2025 (Saudi Arabia Breaking News) – Saudi Arabia is expected to host a U.S.–Saudi investment summit in Washington, D.C. on November 19, coinciding with the official visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud
Nov 122 min read
Museums Commission Showcases Saudi Arabia’s Vision for Museum Transformation at ICOM Dubai 2025
📷SPA DUBAI, November 12, 2025 (Saudi Arabia Breaking News) – The Museums Commission is taking part in the 27th General Conference of the International Council of Museums (ICOM), being held in Dubai from November 11 to 17, under the theme “The Future of Museums in Rapidly Changing Communities.” According to a statement issued today, the commission inaugurated its pavilion on the first day of the event, presenting the Kingdom’s growing museum ecosystem and its alignment with S
Nov 121 min read
GASTAT Reports 65.9 Million Land Border Passengers, 15.8 Million Registered Vehicles in 2024
RIYADH, November 6 (Saudi Arabia Breaking News) – The General Authority for Statistics (GASTAT) released its 2024 Road Transport Statistics report today, detailing key indicators of land transport activity across Saudi Arabia. The number of passengers arriving and departing through land border crossings exceeded 65.9 million in 2024. Arrivals accounted for 33.1 million passengers (50.3%), while departures totaled 32.8 million (49.7%). The King Fahd Causeway was the busiest bo
Nov 61 min read
Saudi Arabia’s Real GDP Expands 5% in Q3 2025, Driven by Oil and Non-Oil Growth
Riyadh, October 30 (Saudi Arabia Breaking News) – Saudi Arabia’s economy recorded a 5.0% growth in real GDP during the third quarter of 2025, compared to the same period last year, according to flash estimates released by the General Authority for Statistics (GASTAT). The results showed strong performance across key sectors, with oil activities expanding by 8.2%, non-oil activities by 4.5%, and government activities by 1.8%. On a quarterly basis, seasonally adjusted real GDP
Oct 301 min read
World Leaders Discuss Investment, Development, and Human Progress at FII9 in Riyadh
📷SPA Riyadh, October 29 (Saudi Arabia Breaking News) – The ninth edition of the Future Investment Initiative (FII9) continued its sessions in Riyadh on Tuesday, addressing themes related to humanity, sustainable development, tax reform, spending efficiency, and strategies to attract long-term foreign investment. A session titled “Is Humanity Heading in the Right Direction?” brought together high-level participants, including the Prime Ministers of Pakistan and Albania and th
Oct 291 min read
Saudi Arabia’s Construction Cost Index Rises 0.7% in September, GASTAT Reports
📷SPA Riyadh, October 22 (Saudi Arabia Breaking News) – The General Authority for Statistics (GASTAT) released its Construction Cost Index (CCI) bulletin for September 2025, showing a 0.7% year-on-year increase in construction costs across Saudi Arabia, the authority announced on Wednesday. The rise was driven by a 0.8% increase in residential construction costs and a 0.6% increase in non-residential costs, reflecting continued activity in the Kingdom’s construction and real
Oct 221 min read
Saudi National Bank Reports 20% Rise in Q3 Net Profit on Strong Operating Income
Riyadh, October 20 (Saudi Arabia Breaking News) – Saudi National Bank (SNB), the Kingdom’s largest lender by assets, reported a 20 percent increase in third-quarter net profit, supported by strong growth in operating income and lower operating expenses, according to a company statement released on Monday. The bank posted a net profit attributable to equity holders of SAR6.47 billion ($1.73 billion) for the quarter ended September 30, exceeding analysts’ expectations of SAR5.4
Oct 201 min read
Saudi Rail Transport Records Over 39 Million Passengers in Q3 2025
Riyadh, October 19 (Saudi Arabia Breaking News) – The Transport General Authority (TGA) announced that the rail transport sector in Saudi Arabia recorded an exceptional performance in the third quarter of 2025, with more than 39 million passengers traveling by train, the Saudi Press Agency (SPA) reported. According to the authority, intercity rail transport accounted for over 2.7 million passengers, including 2.07 million on the Haramain High-speed Railway, 251,000 on the Nor
Oct 191 min read
Crown Prince Approves Renewal of Yousef Al-Benyan as Chairman of SME Bank Board
📷SPA Riyadh, October 19 (Saudi Arabia Breaking News) – His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Chairman of the National Development Fund (NDF), has approved the renewal of the membership of Yousef bin Abdullah Al-Benyan as Chairman of the Board of Directors of the Small and Medium Enterprise Bank (SME Bank) for a three-year term starting from 3/6/1447 AH, the Saudi Press Agency (SPA) reported. On this occasion
Oct 191 min read
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