News

Wartime Slump Eases as Saudi Oil Output Starts to Recover

The economy shrank 3.8% in the third quarter, less than the 4.7% before it. The figures stop just short of the worst of the Houthi attacks.

Higher Utility Bills Start Worrying Saudi Manufacturers

Snowflake to Invest $300 Million in Saudi as Kingdom Woos US AI

The US data-cloud giant behind AI tools from Anthropic and OpenAI joins a crowd of American tech firms building in the kingdom.

Saudi Arabia Rewrites Business Rulebook as Teens Get Green Light

One 271-article law replaces three old codes, sets the first rules for agents and brokers, and lets 15-year-olds trade.

Saudi Arabia Bets on Superyachts With 10-Year Jeddah Show Deal

Saudi Workers Set for Higher Wages Under New Saudization Rules

The salary threshold to count fully toward Nitaqat quotas rises by 50%.

Saudi Shops Face 35-Fold Jump in Fixed Power Fees

Fixed monthly charges for some commercial meters rise from SR10 to SR350 in January 2027.

Saudi Airline Spending Drops 30% as Flight Cancellations Spread

Nearly half of departures were cancelled in one week, with Riyadh hit hardest.

Five Riyadh Business Events Pushed to 2027 Amid Security Concerns

FII, Intersec and the UN World Data Forum are among the postponements.

Saudi Arabia to Raise Power, Water Tariffs as Deficit Widens

Electricity bills rise from January 2027, offset by 500 Riyals a month for eligible households and public-sector workers.