Syria adopts Saudi investment protection agreement to attract investors

Saudi Gazette report DAMASCUS — Syria has formally adopted a Saudi-developed agreement for the protection of foreign investors, laying the foundation for future investments flowing into the country. The move marks a key milestone in Syria’s efforts to …

First foreign firm takes ownership of Saudi football club

A foreign company sealed the purchase of a Saudi football club -- a first in the kingdom -- the country's sports ministry said Thursday, as it announced the privatisation of three teams in the Saudi Pro League. The Harburg Group -- led by American Ben …

Air Arabia to launch new low-cost airline in Saudi

Air Arabia’s latest joint venture — a new low-cost airline to be based out of Dammam and backed by Saudi Arabia’s Public Investment Fund (PIF) — represents a further consolidation of the kingdom’s multi-hub aviation strategy. On the surface, it looks like …

130+ Saudi Investors Descend on Syria, Cutting Deals Totaling $6 Billion

A massive delegation of Saudi businessmen led by Saudi Minister of Investment Khalid bin Abdulaziz al-Falih visited Damascus, Syria, on Wednesday for a forum allegedly resulting in over $6 billion in investment commitments to rebuild the war-torn nation. …

Saudi non-oil exports reach $8.2 billion in May despite drop in oil trade

Saudi Gazette report RIYADH — Saudi Arabia’s non-oil exports, including re-exports, rose by 6 percent year-on-year in May 2025 to reach SR31 billion ($8.2 billion), according to data released by the General Authority for Statistics on Thursday. However, …

Isak tells Newcastle he wants out ahead of potential Saudi bid

Alexander Isak has told Newcastle he wants to explore a move away from the club, talkSPORT understands. The Swede has not travelled with Eddie Howe’s squad for their pre-season tour to Singapore amid continued speculation over his future. talkSPORT …

Agreements, MOUs signed at the Syrian-Saudi Investment Forum

Several agreements and memorandum of understanding were signed on Thursday as the Syrian-Saudi Investment Forum kicked off in Damascus. In the presence of Syrian President Ahmed al-Sharaa, an exchange of agreements between Saudi and Syrian entities from …

Saudi train ridership tops 36.5 million in Q2 2025

Saudi Gazette report RIYADH — Saudi Arabia’s rail sector recorded more than 36.5 million passengers using train services in the second quarter of 2025, up by 1 million compared to the first quarter, according to figures released Thursday by the Transport …

Saudi Arabia leads $6.4bn worth of economic deals for Syria

Saudi Arabia has led agreements with Syria worth 24 billion Saudi riyals ($6.4 billion) as the kingdom invests in Damascus's economy to support the rebuilding of the country after more than a decade of civil war. A total of 47 deals from more than 100 …

Syria and Saudi Arabia sign more than $6 billion in investment deals