Saudi housing ministry, in partnership with United Nations Development Programme and UN-Habitat, aims to set up the National Urban Policy that can serve as a cohesive framework linking economic diversification, housing, infrastructure and environmental sustainability across cities and regions in the kingdom.
The UAE topped the list of Oman’s trading partners last year in non-oil exports - including chemicals, metals and machinery - as well as re-export activities, and merchandise imports, said a report. Other prominent trading partners included Saudi Arabia, India, China, Iran and UK.
Saudi Arabia has emerged as a regional leader in green building sector, achieving the highest performance score of 76.3 points and clocking 1.03 million sq m of certified areas. This shift is backed by a robust network of 7,300 experts and a cumulative portfolio of 6,662 projects.
Saudi Arabia’s sweeping diversification drive has transformed the structure of its economy, but the next phase must focus on quality and productivity rather than scale, as oil market dynamics continue to shape non-oil performance, according to PwC.
Saudi Arabia's Ministry of Energy has reiterated that all activities involving petroleum and petrochemical materials must obtain the necessary licences from the ministry.
It will be another year of robust economic growth in the Middle East in 2026 despite lower oil prices, according to top ratings agency Fitch. The median growth among the Gulf countries as well as Egypt, Iraq, Israel and Jordan will be at 4%, up from 3.4% last year.
ENGIE, a global leader in low-carbon energy and services, today announced the appointment of Turki Al Shehri as Country Manager for Saudi Arabia, effective January 1, 2026.
Saudi Ministry of Hajj and Umrah has suspended contracts of 1,800 foreign travel agencies operating in the Umrah sector, out of the total 5,800, giving them 10 days to rectify their status. The action comes following a periodic evaluation of these firms that revealed poor service quality.
GFH Financial Group (GFH) has announced that it has completed the acquisition of a majority stake in Byrne Equipment Rental, one of the GCC’s leading industrial services and equipment rental providers with an investment and capex programme valued at approximately $400 million.
Cluster2 Airports, which operates 22 airports across Saudi Arabia, reported remarkable performance in 2025, welcoming over 19.9 million passengers—an 11% increase from the previous year. They also handled more than 164,000 flights, a 7% rise, with 87.9% of departures and 87.4% of arrivals operating on schedule.
