Saudi Arabia News News Saudi Arabia » Commerce: Saudi-Egyptian Business Council Calls for Economic Alliance to Enter Third Markets
The Saudi-Egyptian Business Council called for establishing an economic alliance between Saudi Arabia and Egypt aimed at jointly entering third markets, particularly the African market. The alliance ...
News Saudi Arabia » Commerce: Saudi Arabia's e-commerce records grow by 17.47% in Q2 2024, driven by Riyadh's leading issuance
RIYADH — The issuance of existing commercial records for e-commerce recorded a growth of 17.47% by the end of the second quarter of 2024, with 40,697 records issued compared to 34,645 in the same ...
News Saudi Arabia » Commerce: Saudi Arabia’s Fashion E-commerce Market to Surge by 2027, Boosted by AI and New Laws
MILAN — Bolstered by the government and fueled by a large under-40 population of spenders, Saudi Arabia’s fashion industry is getting ready to dominate its share of the global e-commerce market. A ...
News Saudi Arabia » Commerce: Commerce Ministry launches three-month exceptional discount season
RIYADH — The Ministry of Commerce has announced an exceptional three-month discount season, Okaz newspaper reported. It will allow commercial establishments and online stores to offer promotions ...
News Saudi Arabia » Commerce: SILQ raises $20 million to scale embedded finance for Saudi SMEs
Saudi B2B e-commerce and fintech platform SILQ has secured a $20 million Shariah-compliant structured financing facility from ...
News Saudi Arabia » Commerce: Saudi Arabia’s Commerce Enablement Platform Zid Unveils Ecosystem Solution Redefining Digital Retail
Zid, Saudi Arabia’s commerce enablement platform, has unveiled ‘Total Commerce’ – which is described as a unified ecosystem redefining digital retail – at Ripple 2024. The development is said to be ...
News Saudi Arabia » Commerce: Saudi investment minister meets Chinese commerce and industry chiefs
BEIJING (Reuters) - Saudi Arabia's investment minister met with China's commerce and industry chiefs in Beijing on Sunday and discussed expanding cooperation in trade, investment and technology, the ...
News Saudi Arabia » Commerce: Peter Thiel’s Valar, Saudi Arabia’s Sanabil Back Commerce Firm
(Bloomberg) -- The venture capital arm of Saudi Arabia’s sovereign wealth fund and Peter Thiel’s Valar Ventures are jointly leading a $110 million funding round in SILQ Group, a newly formed commerce ...
News Saudi Arabia » Commerce: Saudi Arabia denies its commerce minister met with Israeli counterpart at WTO talks
ABU DHABI, Feb 26 (Reuters) - Saudi Arabia denied that a meeting had taken place between its commerce minister and his Israeli counterpart on Monday, after a viral video showed their interaction on ...
News Saudi Arabia » Commerce: Shahbandr rebrands to Komrz, unveiling AI agent Komi to drive GCC and European expansion
Shahbandr today announced its official rebrand to Komrz, marking a bold strategic pivot toward Agentic Commerce. The transformation signals the company’s evolution from a regional powerhouse in Saudi ...
News Saudi Arabia » Commerce: Meituan expands quick commerce operations to Saudi Arabia with Xiaoxiang Supermarket
Meituan, China’s largest food delivery and quick commerce platform, is expanding its footprint in Saudi Arabia after entering the market in September under its overseas brand, Keeta. The company is ...
News Saudi Arabia » Commerce: Saudi beauty boom: Culture, commerce & global potential
Saudi Arabia's beauty sector is undergoing a transformation that is both commercially significant and culturally defining. What was once a fragmented landscape of small, founder‑led labels has rapidly ...