Saudi Arabia

DP World, Mawani inaugurate $800 million terminal in Jeddah

The project more than doubles the capacity from 1.8 million twenty-foot equivalent units (TEUs) to four million TEUs

Saudi Air Connectivity Program introduces direct flights from Stuttgart to Jeddah

This initiative aims to boost capacity for travelers from Europe and the United States to Saudi Arabia

Saudi Arabia’s non-profit sector adds over $26.7 billion to economy in new record

The sector's rapid growth is on track to reach 5 percent of GDP two years ahead of schedule

stc raises connectivity speed by over 120 percent in the Two Holy Mosques during Ramadan

Data usage during Ramadan has already increased by 37 percent while voice services increased by more than 18 percent

Saudi Arabia approves launch of Investment Marketing Authority to support growth in key sectors

Authority will bolster Saudi Arabia's investment landscape and aims to consolidate the Kingdom’s position as a world-class investment hub

Saudi PIF inks $3 billion deal with Italian export credit agency

The parties will share expertise and consider SACE's $3 billion support for PIF-led projects

Saudi Arabia’s private equity transactions hit $2.8 billion across 15 deals in 2024: Report

Growth-stage investments accounted for 67 percent of total transactions in 2024, up from 43 percent in 2023

FHS Saudi Arabia launches NextGen Investment Forum to deliver future leaders in hospitality

Forum seeks to create a comprehensive ecosystem that supports education and career development in hospitality

Job creation in Saudi Arabia’s non-oil sector climbs to second-highest in over a decade: PMI

Saudi Arabia's PMI recorded 58.4 in February, down from its strongest reading in just over a decade of 60.5 in January

PIF, Goldman Sachs Asset Management to partner on investments in Saudi Arabia and GCC

PIF will act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC region

Saudi Arabia’s Aramco reports $106.2 billion net income for 2024

Company's board declared a base dividend of $21.1 billion for the fourth quarter of 2024, a 4.2 percent annual increase

Lebanon President Joseph Aoun meets Saudi Crown Prince, visit set to reactivate $3 billion relief package

Lebanon hopes that Saudi Arabia will lift the travel ban on the cash-strapped country

Saudi Arabia leads GCC fixed income market growth, raising $79.5 billion through 79 issuances in 2024

UAE-based issuances ranked second, with $38.5 billion through 109 issues, representing 26 percent of the market

Saudi Arabia: Real estate sector’s contribution to GDP doubles to 12 percent in 2024

In Riyadh, the villa market has seen steady growth, with average prices now approaching SAR6,000 per square meter

Crescent moon sighted in Saudi Arabia, Ramadan 2025 to begin on March 1

With this confirmation, over 1.8 billion Muslims worldwide will start fasting each day from sunrise to sunset

Ramadan 2025: Saudi Arabia to celebrate with vibrant traditions, cultural heritage events

The Jeddah Historic District will feature unique Iftar and Suhoor experiences in historical houses

Flynas, Bank AlJazira ink $132 million aircraft financing deal for 3 new Airbus A320 NEOs

More than 100 aircraft expected to be added in flynas fleet over the next five years

Red Sea Global introduces sustainable aviation fuel at Red Sea International Airport in Saudi Arabia

The initiative will empower the broader aviation sector to make environmentally conscious choices

Qasr Al Hokm Station opens, transforming Riyadh Metro with innovative design and accessibility

The station connects administrative buildings, palaces, markets, and attractions in the Qasr Al Hokm area

Saudi Arabia opens first phase of Sports Boulevard project with five key destinations

Total completed length of the project now stands at 83 km, with overall progress reaching 40 percent

Saudi Arabia calls on Muslims to sight Ramadan 2025 crescent on Friday evening

If the Moon is seen on Friday evening, Ramadan 2025 will commence on March 1

Saudi Arabia raises $2.36 billion in euro-denominated bond issuance with debut green tranche

The total order book reached around 10 billion euros, which equals an oversubscription of 4 times

Saudi Arabia announces Ramadan 2025, Eid operating hours for banks

Banks will be available to the public from 10 a.m. to 4 p.m. throughout the fasting month