Saudi Arabia

Saudi Arabia’s ACWA Power secures CMA approval for $1.9 billion rights issue to fuel growth strategy

Subscription eligibility will be limited to shareholders registered with Edaa as of the deadline

Saudi capital market’s AUM grows 20.9 percent to record $266.6 billion in 2024, says CMA

The number of subscribers in public and private funds exceeded 1.72 million, an annual increase of 47 percent

Saudi youth lead AI adoption surge: Over 27 percent use AI tools amid Kingdom’s digital transformation

Kingdom is reinforcing its position as a regional hub for innovation and digital transformation

Saudi Arabia’s PIF to invest $170 billion in Europe by 2030 as it opens new Paris office

The economic impact of the PIF's investments in Europe is expected to reach $105 billion by 2030

Trump departs UAE, concludes Gulf tour with over $2 trillion in investment agreements

Trump secured over $2 trillion in investment agreements with key Middle Eastern partners during his visit

Saudi Arabia’s inflation reaches 2.3 percent in April 2025, among lowest in G20 nations

GASTAT measures prices through a fixed basket of 490 goods and services paid by consumers

Gulf sovereign wealth funds and the Santiago Principles: Navigating a new era

Funds from the region have largely operated with commercial considerations, emphasizing governance, independence, and long-term investment strategies

STC Bank: Pioneering digital banking with Saudi cultural innovation

How a home-grown digital bank is reshaping financial services in the kingdom

First Saudi satellite for space climate set to launch under Artemis II mission with NASA

The satellite mission aims to localize space technologies and boost local content in industries 

Saudi Arabia’s wholesale inflation hits 6-month high at 2.0 percent in April 2025

Agricultural and fishery product costs surged, leading to the acceleration in wholesale price inflation

Aramco inks 34 deals worth $90 billion with U.S. companies during Trump’s Gulf tour

Agreements cover keys sectors including LNG, fuels, chemicals, emission-reduction technologies and AI

Hyundai and Saudi Arabia’s PIF launch $500 million car factory to produce EVs by 2026

PIF holds a 70 percent stake in HMMME, while Hyundai possesses the remaining 30 percent

U.S. President departs Riyadh following a ‘historic’ visit

Key discussions centered on defense, energy, technology, and space collaborations between the nations

Abu Dhabi, Saudi Crown Princes discuss bilateral cooperation at GCC-U.S. Summit

Meeting highlighted strong bonds between UAE and Saudi Arabia

GCC-U.S. Summit: Saudi Crown Prince highlights $120 billion trade volume with U.S.

The Middle East is experiencing a historic transformation under Saudi leadership, said U.S. President Trump

GCC-U.S. Summit kicks off in Riyadh amid rising economic ties

Summit coincides with President Trump’s visit, focusing on economic, trade, and security issues

Qatari Amir arrives in Riyadh for GCC-U.S. Summit

The summit aims to enhance Gulf cooperation and deepen the strategic U.S. partnership

HUMAIN, AWS unveil $5 billion AI Zone in Saudi Arabia to accelerate global AI leadership

The new AI Zone aligns with Saudi Arabia’s Vision 2030 and economic transformation goals

Trump celebrates historic ties with Saudi Arabia in Diriyah following $600 billion investment announcement

Saudi-U.S. relations deepened as Trump secured $600 billion investment commitment to the Kingdom

Saudi Arabia approves Starlink, says Elon Musk

Saudi Arabia joins Jordan, Oman, Qatar and Yemen on the list of countries in the Middle East where the company's service is available

PIF’s HUMAIN and NVIDIA to launch 18,000-GPU AI supercomputer

The announcement aligns with U.S. President Trump’s visit, securing a $600 billion investment in key sectors

Trump secures $600 billion investment commitment in Saudi Arabia, says White House

In the coming months, the two countries will work to raise that number to $1 trillion, Saudi Arabia's Crown Prince said

U.S. seeks stronger tech ties with Saudi Arabia, Middle East partners

Sacks emphasized that collaboration with Saudi Arabia is crucial for advancing AI and driving global innovation

Saudi-U.S. Investment Forum: Aljadaan, Bessent discuss strengthening economic ties

Bilateral trade reached nearly $32 billion in 2024 and included prominent sectors such as machinery, vehicles and pharmaceuticals