Business

Aramco's President and CEO Amin Nasser attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 20, 2026. REUTERS/Denis Balibouse RIYADH, May 10 (Saudi Arabia Breaking News) – The world has lost approximately one billion barrels of oil over the past two months due to shipping disruptions at the Strait of Hormuz, and energy markets will time to stabilize even if flows resume, Saudi Aramco Executive Amin Nasser warned on Sunday, as the company

RIYADH, May 8 (Saudi Arabia Breaking News) – Saudi food and diary company Almarai has celebrated the graduation of 55 employees from its annual talent and leadership development programmes, in a ceremony attended by CEO Fawaz Al – Jasser, Chied Human Resources Officer Ayman Algeer and a number of senior company leaders. The graduates completed three specialized tracks, each spanning between six and eight months, built around an integrated learning methodology combining acad

RIYADH, May 7 (Saudi Arabia Breaking News) – The King Abdulaziz Center for World Culture, known as Ithra, has supported Saudi students through STEM Racing KSA, an applied educational program combining design, engineering and competition, the Saudi Press Agency reported. The program, formerly known as Formula 1 in Schools, provides students with practical experience in designing and building miniature engineering cars. SPA highlighted the experience of 19-year-old Saudi studen

RIYADH, May 7 (Saudi Arabia Breaking News) – Riyadh Airports Company has won four awards at the 2026 Stevie Awards, one of the most prominent international recognition for innovation and excellence in business. The company, which manages and operates King Khalid International Airport in Riyadh, received a gold awards for Innovation in the Use of Social Media. It also won two silver awards for Most Innovative Social Media Campaign and Most Innovative Use of Influence Collabor

RIYADH, May 5 — Saudi Arabia’s Zakat, Tax and Customs Authority reminded businesses subject to withholding tax to submit their April forms by May 10, state news agency SPA reported. The authority said filings should be completed through its official website to avoid penalties. Late payments are subject to a 1% fine on unpaid tax for every 30 days of delay. Withholding tax applies to payments made from Saudi-based sources to non-resident entities that do not have a permanent e

RIYADH, May 5 (Saudi Arabia Breaking News) – Saudi food and dairy company Almarai is participating in Saudi Environment Week, held in Riyadh from May 3 to 9, 2026, an event organized by the Ministry of Environment, Water and Agriculture under the theme “Your Impact is Green”. The week – long event aims to raise environmental awareness, protect natural resources and highlight national initiatives that support sustainability and quality of life. At the opening ceremony, Almarai

Photography | Courtesy of SPA RIYADH, May 3 — Saudi Arabia’s Saudi Authority for Industrial Cities and Technology Zones (MODON) has been honored for planting 2 million seedlings, as the Kingdom highlights environmental sustainability efforts during Saudi Environment Week 2026. The recognition was presented by Deputy Minister of Environment, Water and Agriculture Mansour bin Hilal Al-Mushaiti, according to the official statement. Officials said the recognition reflects MODON’s

Photography | Courtesy of SPA RIYADH, May 4 — Saudi Arabia’s National Center for Wildlife Development signed two memorandums of understanding during Environment Week in Riyadh to strengthen cooperation in wildlife and biodiversity. The agreements were signed with the National Academy for the Environment and the Saudi Rural Academy, according to the official statement. The memorandum with the National Academy for the Environment aims to enhance cooperation on projects and init