stc group has been recognized by LinkedIn as the leading company for career development in Saudi Arabia, topping the platform’s 2025 ranking of the best workplaces for professional growth. This annual list, now in its fifth year, evaluates organizations based on data-driven metrics related to career advancement and skills development. This accolade comes at a...
Saudi Arabia’s foreign direct investment (FDI) inflows have dropped for the third consecutive year in 2024, indicating ongoing challenges in attracting foreign investors. The kingdom saw a year-on-year decline of 19%, bringing total inflows down to $20.7 billion, marking the lowest level since 2020. This information comes from an annual government report that monitors the...
The U.S. government is preparing to announce a significant arms deal with Saudi Arabia, which could exceed $100 billion. This agreement, one of the largest in U.S. history, is expected to be revealed during President Donald Trump’s upcoming visit to Riyadh, marking his first foreign trip since taking office. The deal includes advanced weaponry, missile...
Al Hassan Ghazi Ibrahim Shaker Co., commonly known as Shaker, has signed an agreement with BSF to introduce the “EasyPay” financing program. This initiative aims to enhance consumer financing options, allowing Shaker to provide more accessible and flexible payment solutions for customers across Saudi Arabia. The EasyPay program will enable customers to finance their purchases...
Employment in Saudi Arabia’s tourism sector increased by 4 percent year-on-year in the last quarter of 2024, reflecting the Kingdom’s intensified efforts to expand the industry. The total workforce in tourism reached 966 531, according to new data from the General Authority for Statistics (GASTAT). Credit: Getty Among these employees, 242 073 were Saudi nationals,...
Virgin Atlantic has officially launched its first-ever service to Saudi Arabia, with Flight VS242 arriving from London Heathrow at King Khalid International Airport in Riyadh. This marks a significant milestone for the airline, highlighting its commitment to expanding international travel routes. The new daily service to Riyadh is part of Saudi Arabia’s growing prominence on...
Airbus SE is set to source titanium from Saudi Arabia as part of a significant deal involving the kingdom’s national airline, Saudia. The European aircraft manufacturer has agreed to purchase 2.5 billion Riyals, equivalent to $666 million, worth of raw materials from Saudi Arabia. This deal also includes an order for up to 20 long-range...
Saudi Arabia and India have reached an agreement to deepen their energy ties and enhance cooperation across various sectors, including defense, tourism, and culture. This initiative aims to strengthen their economies amid global uncertainties. The two countries committed to establishing two oil refineries in India and collaborating on multiple areas, such as petrochemicals, electricity, renewable...
The Minister of Energy of the Kingdom of Saudi Arabia, Prince Abdulaziz bin Salman bin Abdulaziz, met with Egyptian Foreign Minister Dr. Badr Abdelatty to discuss enhancing cooperation in the energy sector. This meeting took place in Riyadh on Monday, as reported by the Saudi News Agency (SPA). During their discussions, the two officials explored...
Saudi Arabia has announced a significant initiative to localize 41 professions within the tourism sector, aiming to enhance job opportunities for its citizens. This plan was disclosed by the Ministry of Human Resources and Social Development (MHRSD) in conjunction with the Ministry of Tourism. The initiative is part of a broader strategy to empower local...