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📷 | SPA RIYADH, April 24(Saudi Arabia Breaking News) - Saudi and Swiss officials reviewed joint investment opportunities and ways to strengthen economic cooperation during the Saudi-Swiss Investment Roundtable Meeting in Jeddah, held during Swiss President Guy Parmelin’s visit to the kingdom. The meeting brought together Saudi Foreign Minister Prince Faisal bin Farhan, Investment Minister Fahad Al-Saif, Swiss State Secretary for Economic Affairs Helene Budliger Artieda, and

RIYADH, April 24 (Saudi Arabia Breaking News) - Saudi Arabia’s Zakat, Tax and Customs Authority urged businesses to submit zakat and income tax returns for foreign establishments for the fiscal year ending Dec. 31, 2025, by April 30, 2026. The authority said the deadline was in line with rules requiring taxpayers to submit returns and meet financial obligations within 120 days of the end of their fiscal year. ZATCA called on businesses to use its e-services portal to complete

📷| SPA RIYADH, April 23 (Saudi Arabia Breaking News) - The Royal Commission for AlUla signed a memorandum of understanding with L'ÉCOLE, School of Jewelry Arts, to strengthen cooperation in jewelry craftsmanship, education, artisanal training, cultural exchange and knowledge development. The partnership is aimed at supporting AlUla’s position as a global center for creative industries and the arts, the commission said. The agreement also seeks to expand learning opportunitie

RIYADH, April 23 — Saudi Arabia’s non-oil exports, including re-exports, rose 15.1% in February from a year earlier, driven by a sharp increase in re-export activity, according to data released by the General Authority for Statistics. Non-oil national exports excluding re-exports increased 6.3%, while re-exported goods jumped 28.5%. Machinery, electrical equipment and parts led the rise in re-exports, climbing 59.9% and accounting for 53.9% of the total. Total merchandise exp

📷 | SPA RIYADH, April 23 — The Sports Investment Forum 2026 concluded in Riyadh after three days of discussions bringing together leaders from the global sports and investment sectors to examine partnerships, financing and future growth opportunities across the industry. The forum featured strategic sessions, workshops, an investment exhibition, a dedicated platform for agreements and the Elite Business Club, designed to connect senior investors and executives. Discussions d

SPA RIYADH, April 22 (Saudi Arabia Breaking News) - Saudi Communications and Information Technology Minister Abdullah Alswaha discussed with Ericsson CEO Börje Ekholm opportunities to expand the company’s investments in the kingdom and strengthen cooperation in digital infrastructure, 5G, cloud networks, artificial intelligence, automation and emerging technologies, the ministry said. The talks also covered expanding cooperation on network development and digital capabilities

📷 | SPA HANNOVER, Germany, April 21 (Saudi Arabia Breaking News) - Saudi Arabia opened a national pavilion at Hannover Messe 2026 in Germany, where officials held meetings with international industrial and technology companies, the Ministry of Industry and Mineral Resources said. The pavilion brings together several Saudi state entities as the kingdom seeks to expand manufacturing activity, draw investment and increase the use of advanced industrial technologies. On the side

SPA RIYADH, April 19 (Saudi Arabia Breaking News) — Saudi Arabia signed its participation contract for Specialized Expo 2027 Belgrade on Sunday, marking the Kingdom's transition from planning into full implementation ahead of the event in Serbia. The signing underscores Saudi Arabia's commitment to the expo's theme, "Play for Humanity: Sport and Music for All," with the Kingdom set to deliver a pavilion aligned with its Vision 2030 national transformation agenda. "Today's sig

QatarEnergy's liquefied natural gas (LNG) production facilities, amid the U.S.-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026. REUTERS/Stringer TPX IMAGES OF THE DAY LONDON, April 18 — It could take about two years for Middle East energy output disrupted by the conflict in the region to return to pre-war levels, International Energy Agency Executive Director Fatih Birol said in an interview published on Friday. Birol told Switzerland’s Neue Zue

RIYADH, April 16 — Saudi Arabia has extended the term of an existing $5 billion deposit at the State Bank of Pakistan and announced an additional $3 billion deposit in support of Pakistan’s economy. The move comes under directives from King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, SPA reported. Saudi Arabia said the assistance is intended to support Pakistan’s economic stability and strengthen resilience amid global economic cha

SPA RIYADH, April 16 — Saudi Arabia’s Public Investment Fund has approved its 2026-2030 strategy, setting out plans to focus on domestic sector development, long-term returns and continued support for the kingdom’s economic transformation. The strategy, approved by PIF’s board chaired by Crown Prince Mohammed bin Salman, marks a shift from a period of rapid growth to a phase focused on sustained value creation, investment efficiency and governance standards. Under the new pla

📷| SPA RIYADH, April 16 — Almarai signed two agreements aimed at helping localize Saudi Arabia’s fish and seafood processing sector, supporting domestic investment and economic diversification under Vision 2030. The agreements were signed with the Ministry of Investment and the Shareek Program Center. Minister of Environment, Water and Agriculture Abdulrahman Alfadley and Minister of Investment Fahad Al-Saif witnessed the signing ceremony, which was also attended by Almarai

SPA RIYADH, April 15 - Saudi Arabia's Future Investment Initiative Institute said on Wednesday it would hold its Priority Europe Summit in Rome from June 17 to 19, bringing together global leaders to examine how capital can support Europe's competitiveness, resilience and strategic autonomy in a rapidly changing world. Held under the theme "Reimagining Europe: Capital, Sovereignty, and Strategic Independence," the summit will bring together policymakers, investors, innovators

SPA RIYADH/ISLAMABAD, April 15 - Saudi Arabia will deposit $3 billion into Pakistan's central bank, Pakistani Finance Minister Muhammad Aurangzeb said on Wednesday, providing a significant financial boost as the country's economy faces strain from regional tensions linked to the conflict between the United States and Iran. Aurangzeb, who is in Washington for meetings of the World Bank and the International Monetary Fund, said the support would strengthen Pakistan's financial

SPA RIYADH, April 14 - Prince Rakan bin Salman bin Abdulaziz, governor of Diriyah, visited Diriyah Company on Tuesday to review its projects and inspect progress at construction sites across the historic Saudi city, the Saudi Press Agency reported. He was received by Saad Al Kroud, head of local real estate investments at the Public Investment Fund and board member and secretary-general of Diriyah Company, along with Diriyah Company Group CEO Jerry Inzerillo and other executi

People shop ahead of the holy month of Ramadan at the Mall of the Emirates in Dubai, United Arab Emirates, March 22, 2023. REUTERS RIYADH/DUBAI, April 13 - Sales at Europe's biggest luxury brands have fallen sharply in Dubai and Abu Dhabi as the Iran conflict disrupted what had been one of the industry's fastest-growing markets, in the latest setback for the $400 billion global luxury sector. Sales at the Mall of the Emirates in Dubai fell 30% to 50% in March from a year earl

RIYADH, April 13 - The Royal Commission for Riyadh City will participate as a strategic partner in the Sports Investment Forum 2026, due to be held in the Saudi capital from April 20 to 22, with broad participation from sports industry leaders, investors and chief executives from around the world. The partnership reflects the commission's role in supporting the sports sector as a promising investment pillar in Riyadh and reinforces the city's growing profile as a regional hub

SPA RIYADH, April 10, 2026 (Saudi Arabia Breaking News) - The Sustainable Agricultural Rural Development Program (Saudi Reef) has helped turn a Taif rose farm into a model destination for rural tourism and high-value rose products, contributing to regional trade and supporting Saudi Vision 2030. The farm owner said the program’s guidance was instrumental in expanding production and developing expertise in the extraction of natural oils. Benefiting from Taif’s moderate clima

RIYADH - Saudi Arabia has confirmed attacks on its oil and gas facilities, including the key East-West Pipeline, the state-run Saudi Press Agency reported on Thursday, citing an unnamed official at the Ministry of Energy. The report did not say when the attacks took place, but said one Saudi national was killed and seven others were wounded. SPA said the recent attacks on the kingdom’s energy infrastructure had significantly affected both oil production and transport, disrupt

SPA ALULA, April 9 (Saudi Arabia Breaking News) - AlUla posted the biggest improvement in the IMD Smart City Index 2026, climbing to 85th place from 112th a year earlier in a gain that put it among the most improved cities in this year's ranking. The rise reflects AlUla's push to upgrade infrastructure, public services and quality of life as authorities pursue broader development plans for the governorate while preserving its natural and cultural character. The Royal Commissi