Saudi Arabia Records Increased Budget Deficit

Saudi Arabia's Ministry of Finance reported a budget deficit of 94.85 billion riyals in Q4 2025, exceeding the previous quarter's figure amid rising government spending.

Saudi Arabia's Ministry of Finance recorded a budget deficit of 94.85 billion riyals (25.3 billion dollars) in the fourth quarter of 2025, up from 88.5 billion riyals in the previous quarter amid rising expenditures.

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2026-02-23T21:26:36+00:00

Mohamed Abdu Denies Retirement Rumors

Saudi artist Mohamed Abdu confirms he will continue singing with a more organized concert schedule. He denies rumors of retirement, stating national events remain his top priority. His management announced this decision is part of a strategy to balance his career with personal life.

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2026-02-23T20:06:54+00:00

Saudi Arabia's Ministry of Finance Releases E-Invoicing Guide

Saudi Arabia's Ministry of Finance has issued an official guide for e-invoicing. The document includes instructions for businesses and security requirements. The new rules aim to increase financial transparency.

Economy Politics Country

2026-02-19T04:28:50+00:00

Saudi Huuman Invests $3 Billion in Elon Musk's xAI

Saudi AI company Huuman announced a $3 billion investment in Elon Musk's xAI, prior to its acquisition by SpaceX. This move is set to boost AI development in the region.

Economy Country

2026-02-17T16:20:09+00:00

Amarak Chemicals Launches New Facility

Amarak Chemicals, a subsidiary of the Aris Group, has announced the start of operations at a state-of-the-art, automated industrial facility. The new plant is equipped with advanced technologies to boost efficiency and product quality.

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