Saudi Arabia News – National, Business & Global Updates

BlackRock, PIF expand Riyadh platform

New funds to focus on Saudi equities and MENA fixed income as BRIM expands local presence

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BlackRock to launch mutual funds focused on Saudi Systematic Active Equities, and MENA Fixed Income

Record 11.7 million pilgrims perform Umrah in one month

Surge in numbers reflects Kingdom’s enhanced digital services, growing accessibility

The report shows that over 1.5 million of the pilgrims came from outside the Kingdom.

Aramco to acquire minority stake in PIF’s AI company

Move unites Saudi Arabia’s top AI assets to accelerate national digital transformation

Aramco to acquire minority stake in PIF’s AI company HUMAIN

Red Sea Global secures SAR6.5 billion green financing

Funding comes from a consortium of Saudi banks led by Riyad Bank

Shebara hotels from Red Sea Global

Pakistan, Saudi Arabia launch economic framework

Deal marks new phase in ties, shifting from aid to sustainable economic collaboration.

The announcement came following a high-level meeting between Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud and Prime Minister Shehbaz Sharif in Riyadh on Monday.

Unified GCC Visa vs eVisa: What UAE travellers will pay

Guide to saving money on Gulf travel: Compare eVisa costs for all six GCC nations now

Photo for illustrative purposes only.

Pfizer to explore drug manufacturing in Saudi Arabia

Agreement announced on the opening day of the Global Health Exhibition 2025 in Riyadh

Barclays gets Saudi nod, plans Riyadh office by 2026

Approval allows it to prepare for Investment Banking and Global Markets activities

Barclays bank

UAE among most AI-ready Gulf economies: IMF

IMF's Azour says investment in technology will shape the region’s next phase of growth

File photo of IMF Middle East and Central Asia Department Director Jihad Azour during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 24, 2025.

Saudi Railway sets up new SAR6 billion real estate fund

Project will be developed on 90,000-square-meter land plot located in Al-Rusifah district

Pilgrims on their way to Makkah walk past the Haramain High-Speed Railway train in the holy city of Medina, Saudi Arabia, Thursday, Aug. 8, 2019.

Qashio acquires Sanad Cash to expand in Saudi Arabia

Acquisition strengthens Qashio’s regional reach as Saudi firms embrace digital payments

The move supports Saudi Arabia’s Vision 2030, which aims to accelerate the shift toward a digital economy.

Saudi Arabia’s $7b rail: Riyadh to Jeddah in 4 hours

High-speed rail project to connect Jeddah, Riyadh, and Dammam

Major rail project set to transform the Kingdom’s transport landscape, cutting Riyadh–Jeddah travel time to under four hours, redefining future of transport

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