
New farm to produce 1.1 million kg of agricultural crops yearly

He formerly governed SAMA from 2011 to 2016

Many projects in the pipeline, including Hegra and AlUla

Diversification in asset classes underway

Posting 5.4 percent in Q4 202

Investments also aim to add transport lines and distribution networks

Validity extends to 3 month

With local banks, fintechs

And to explore developing innovative technologies in real estate sector

About two-thirds less than what I borrowed last year

But what is it?

Implementing steps crucial to exit crisis with minimal losses

Kingdom “becoming a bright spot for the world economy”

Global racing, soccer events in crosshairs

PSG was paid USD10 mn for the one-off

China has called for Saudi Arabia to price oil sales in yuan

Mega schemes will accelerate Riyadh’s non-oil investor friendliness

To support developments in culture, tourism, entertainment, sports

A value of $12.3 billion, according to Brand Finance

To invest in global mining assets

Funding will be used to fuel international expansion

Messi could surpass Ronaldo as the highest-paid player in the world

Children of Saudi women who are married to expats can now apply for citizenship

Contract between Saudi and WWE is valued at USD 1 bn

Phase one involves construction of two large commercial nuclear reactors

As part of the leadership’s efforts to enhance Saudi’s cultural identity

Operations of foreign companies should not exceed SAR 1 million

Following his move to Saudi's Al-Nassr FC

Following his signing for Al Nassr club

$75 million per year contract with Al Nassr football club.

One of the distinguished experts in the Kingdom’s banking sector

It sold its 30% stake in Luberef

Focus on the circular carbon economy and carbon recycling

Majority are women

If the deal goes through, the contract could be valued at $207 mn

"Inaccurate information almost always present in some forecasts,"

Mega plant to produce 1.2 million tons of green ammonia per year

Toward “Elevating impact”

But passwords could be on their way out

Saudi crown prince, BIE head review Kingdom's bid to host Expo 2030

Driven by oil

Driven by Saudi Vision 2030

The IPO on Saudi bourse Tadawul will be 50.045 mn shares

"The previous five years saw major structural reforms"

The program provided 11 solutions aiming at serving non-profit organizations

Meeting witnessed signing of a strategic partnership agreement

Across various sectors including green energy, information tech

stc will sponsor the club during its visit to Saudi Arabia

There is a strategic direction to strengthen bilateral relations

As proposed by CST

PIF catalyst to achieving Vision 2030

First to be licensed outside of the UK

Riyad Bank PMI rose to 58.5 points in November

The bank has not yet received a formal proposal from any Saudi entity

The contract is worth $207 million per year

New project to contribute SAR27 bn riyals annually to non-oil GDP

Venture to reach revenues of $2 bn in next 10 years

To promote research and innovation

Project to contribute SAR 297 mn to the country's GDP annually

Sale will likely have limited immediate effects on stc’s financial metrics

To mark World Cup win over Argentina

Team will fly on a chartered SAUDIA flight into and out of Saudi

And cooperation in infrastructure, hydrogen production

Use this post as your ultimate guide

Down from 3.1% in September

To 2.5 million barrels per day

To explore infrastructure investments in Saudi, MENA

Kingdom to produce 9 million tons of phosphate fertilizers annually

Kingdom was first destination for Chinese foreign investments in H1

Kingdom plans to submit soon ten new renewable energy projects

As well as a potential IPO

By raising capital and purchasing shares from main owners

Or 12 million shares

"The energy sector is the most vulnerable to cyber-attacks"

6.7 billion riyals of the company's profits in 9 months

Assets of Ooredoo's Abraaj estimated to be worth between $3 and $5 bn

Kuwait also seeks to become carbon neutral in oil and gas sector by 2050

Epic visitor experiences offered in ancient frontier oases

to attract $150 mn of FDI

In appreciation of its notable nationalization efforts

Up from a loss of SAR 27 mn in Q3 2021

Year-round events contributed to a significant improvement in hotel demand

After new order boost

New JV will help maximize profitability, productivity

Surplus is supported by an increase in crude oil revenues

On higher oil revenues

Growth primarily driven by a 14.5% increase in oil activities

Deals aim to improve quality of life, increase investor interest

One of the world's largest venture capital funds with a capital of $1.5 billion

A total of 15 Saudi and regional entities took part in the auction

This brings the total number of companies to 6

Funding directed to MENA-based tech investment firm STV

Driven by faster job creation, increased non-oil exports

New investment licenses issued in Q3 2022 amounted to 1,163

Seven mega-agreements are expected to be announced today

Fund will hold 80% stake in 500-million-riyal company, 20% for Tadawul

Offer valued at more than SAR 21 bn

Saudi, China agree to strengthen energy cooperation

Robust economy, diversification, capital markets attracting investments

Price guidance set at 105 basis points over Treasuries for the Sukuk

The two countries signed 11 deals to promote investment

As part of the country’s Vision 2030 plans

F1 GP is set to return to Jeddah in March, 2023

Company will acquire 20% stake in GLI when financial completion achieved

"Oil price volatility means that no investments are being made"

AMAALA is on track to welcome its first guests in 2024

Driven by increases in food prices, house rents

Foreign Ministry: "Statements are not based on facts"

Trojena, a mountain destination in NEOM, is due to be completed in 2026

"Global spare capacity to raise oil production is very low"

Though activity slowed due to higher production costs

Project will create new investment opportunities in key sectors

A billion-dollar investment

MOU with Saudi Finance to establish IMF regional office in Kingdom

Offering will correspond to a 29.24% of the company's shares on Tadawul

To 9.7% in Q2, compared to 10.1% in Q1 2022

Revenue from the global gaming industry is expected to top $200 bn in 2022

The cabinet reshuffle kept Mohamed Al-Jadaan as Finance Minister

"National Day anniversary comes as we continue march towards development"

The Saudi economy is stronger than ever

Venture capital funding in Saudi surged to $584 mn in H1 2022

Global economy undergoing technological revolution driven by AI, IoT

Merchandise exports rose by 58.8% year on year

Dubai to also commemorate the occasion with events across the city

“Even if the conflict in Ukraine stopped today, the crisis would not end”

By selling existing shares, issuing new ones

Al-Suhaimi held for 20 years senior leadership financial positions in Saudi

On robust GDP growth

Besides adding 39,000 jobs

Meat and poultry prices rose 6.7%

To place Kingdom at the forefront of AI tech in the region

Almosafer aims to use the investment to fund its growth and expansion plans

Summit covering all aspects of AI, ways to benefit from AI technologies

"Saudi priorities include localizing steel products of all types"

Initiative to also focus on forging partnerships with manufacturers from private sector

Saudi driving structural changes in the sector

Businesses should embrace rapidly changing “Saudization” initiatives

Existing, under-construction factories in Saudi reached 10,685 in July

Project expected to contribute SAR 11 bn to the country’s GDP

Agricultural crop production increased to 4.77 mn tons

Economic stagnation is not a condition for decline in oil demand

"We are committed to carry out vision programs, broaden economic base"

Economic growth is due to the significant increase in oil activities

“The Fund”: a decrease of about 20% in the direct share of oil in the GDP

To boost digital ambitions

As part of country’s $100 bln bet on tourism

On interest income growth

Total new orders rose at the fastest pace since October

To promote digital transformation in the real-estate sector

And Schengen visa holders

Largest capital increase for listed company in Saudi stock market

stc: "Today, we have reached 70% Saudisation rate"

Kingdom quickly recovered from pandemic-induced recession

Amid continued economic recovery

Investments of NHC in the Eastern Province exceed SAR20 bln

Saudi is one of Pakistan's largest donors

Its length is 1,160,000 meters long

Revenues grew by 26%

Profits slightly increased by 3.6% in Q2 2022

This brings the total number of licensed fintech companies to 38

Project spans over 1.5m sqm area, set to add 47,000 hotel rooms by 2030

Oil exports jumped to SAR 117.7 bln, up from SAR 60.6 bln in 2021

Funding will be used to support innovation in payment and shopping

OPEC + will soon begin working on a new agreement for post-2022

Project is valued at $23 billion

Inflation will remain at 2.8 percent level in 2022

Fund invested a further $474mln in Meta

To support its global expansion

Including 1.97 billion riyals in Russian energy companies

Supported by strong product demand

Its market value reached about $2.8 trillion in 2021

F&B prices, transportation costs were the primary causes of rising inflation

46% increase in aircraft fleet, 57% in number of flights comparing to 2021

Announced a dividend of $18.8 billion

Combined value of fast-growing start-ups could come close to $100 bn

Driven by higher average selling prices

Intense competition pressures Saudi’s underwriting results

Foreign investment licenses increased by 674 percent yoy

The company intends to roll out 1,429 projects

Focusing on investing in several key sectors

Driven by an increase in total operating income

The highest quarterly surplus since data publication began in early 2016

Strategy aims to support partnerships between investors

Acquisition fits in with growth strategy for lubricants, says Aramco

It increased by 3% to 1.683 trillion riyals

Oil activities lead GDP growth by 11.8% in Q2

Will OPEC+ raise output at its next meeting?

Within the strategy of investing in leading firms

On higher operating income, lower expenses

Connecting electricity grids provides cheaper green energy

"The Line" addresses urgent challenges facing humanity

Non-oil exports increased by 27% to $7.4 billion

The deal is worth 192 million riyals

Airports to be granted flexibility to reduce charges below announced caps

In May, Saudi's PIF purchased a 16.87% stake in KHC

Supported by large fixed stock of oil reserves, stable financial system

To a record-high of SAR 2.19 billion

Saudi Foreign Minister Prince Faisal bin Farhan on official visit to Japan

Saudi, US sign 18 agreements and cooperation memoranda

The Crown Prince and the US President shake hands with fists

America acquires 11% of Saudi foreign trade in 10 years

The Public Investment Fund is betting on the future of the automotive and transportation

It seeks to transform the Kingdom into a global hub for air travel

Food and beverage segment has the greatest impact

In May, Jeddah reported its highest performance level since 2019

flynas teamed up with Amazon to offer the new service

S&P: Upturn underlined by a robust increase in new business levels

Allocations targeted several sectors including food and unemployment

Royal orders included the appointment of two deputy governors of SAMA

Single-stock futures will allow for more efficient portfolio risk management

The IPO order book was 47.5 times oversubscribed

Alnama will have 100% renewable energy

It registered 10.1 percent at the end of Q1

Saudi planning to develop a trillion-dollar global tourism economy

Inflows rose 9.5% compared to the same period in 2021

Companies Law facilitates establishment of organizations, encourages bold investment

The banking industry showed a resurgence with an increase in profit of 40.15%

Saudi contracting firm number reached 165K

Saudi's vital sector is estimated to have a yearly worth of $2 bn

With a focus on structural battery performance

China is the Kingdom's first major partner in commodity trade

Trade exchange during 5 years amounted to about 103 billion riyals

The Fund expects the Kingdom's GDP to grow by 7.6% this year

The Saudi-Jordanian Fund is a leap in promoting joint investments

Trade exchange jumps 62% to $9.1 billion in 2021

Revenue from expatriate fees amounted to 6.86 billion riyals

Alamar to raise about 1.2 billion riyals by offering some shares on Tadawul

The program aims to establish logistics start-ups

"The Kingdom's leadership has promoted Saudi women to many positions"

101 deals to create 5,800 new jobs in the domestic economy

Domestic workers might be excluded form the visa-free travel scheme

Blame the increase in food, beverage, and transportation prices by 4.2%

The partnership will help Qoot manage digital orders more efficiently

Airline must pay minimum of SAR1,820 and no more than SAR6,000 in such cases

Saudi’s crude oil production capacity to reach 13.3-13.4 million BPD

Alkhorayef Water awarded four contracts worth $493 mn contracts in Saudi

Hevolution seeks to extend the health span

Increasing share of women in work in MENA could increase the GDP to $2 tn

The games and esports company will hold 8% of the shares

Big names. Big money. And a worldwide tour that spans the globe.

The event discusses the pandemic's impact on the tourism industry

Program to provide youths with exceptional tourism experience

"The government is able to control public finances and financial sustainability"

Results coming from a significant increase in oil activities

Growth attributed to several factors, including a buoyant energy market

Saudi to attract 70 million international, local visitors

Foreign investors rose to historical levels in Q1, with 9,383 new licenses

Total shareholders’ equity raises to SAR 3.2 billion

MoU to promote healthcare sector, raise Saudization

The kingdom could make $400 billion from oil industry this year

The initiative aims to mitigate the economic fallout of the pandemic

Government’s programs to boost home ownership have turbo-charged demand

Skyscrapers are valued at $500 billion

2 Saudi ports rise up in rank

106 deals worth in excess of $558 million, highest in the region

Women will improve the economic prosperity of Saudi

The new investment is valued at $238.3 million

The Saudi wave will push all the ships in the region with it

"We are at a final stages of designing our fiscal sustainability policy"

Saudi oil GDP expected to increase by 19%

Saudi Energy Minister: World must appreciate value of the alliance

The list includes Lebanon and Turkey

Bin Talal's share in the company's capital declines to 78.13%

Saudi expects AVs to be available to everyone by 2050

Expenditure on cars in Saudi reached SAR 40bn in 2020

Trend Micro blocked 107 million threats in Saudi

Profits climbed to SAR151.9 compared to SAR139mn in 2021

Vision 2030 media coverage grew by 74% since 2020

Lucid to produce 150, 000 cars per year in Saudi by 2027

Kingdom's oil production reached 10.35 million bpd in April

The listing could raise $30 billion

The deal makes the fund 5th largest investor in the video game company

Electromin rolls out 100 charging stations for EVs across Saudi

Solutions by stc contracted to implement the strategy

KAUST attracts 5 global deep tech startups to Saudi

79K transactions completed since March 2020

Saudi will soon witness accelerating adoption of crypto

Prince Abdulaziz: Oil output depends on what we do in the divided zone

It seeks to boost annual coffee beans production from 300 to 2,500 tons

Budget supported by high oil prices

Al-Rajhi Financial expected Aramco to achieve profits of 136.6 billion riyals

Net profit jumped 33% to 6.47 billion riyals

It partnered with AMEX Saudi to launch new miles redemption program

Several factors to boost Aramco's share prices in coming months

The agreements aim to strengthen the industry by investing in new innovations

Deals valued at 6.6 billion Saudi riyals

The company’s market value has risen to $2.464 trillion

Net income increased by 15.5 percent to 48.8 billion Saudi riyals

The airline launches a rebranded business division; SAUDIA Business

Higher interest rates in 2022-2023 would further support it

GACA launches national strategy to connect 250 destinations globally

Mawani launches 12 private-sector investment opportunities

Saudi attracts investments worth $32 billion through 9 new projects

Rising commodity prices and global inflation fears pressure sales

Future Aviation Forum to offer $100 billion worth of investment opportunities

Saudi registers a domestic product of $833.5 billion

Gulf countries expected to grow their economies, IMF says

The Future Aviation Summit will feature 120 speakers, 2,000 attendees

FHS will gather government leaders to discuss ‘Reimagined Horizons’

The Kingdom announces a growth of 9.6% during Q1

The fund's total assets at end-2020 were 47.1% of national GDP

Saudi is experiencing a boom in trademarks and patent requests

Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion

“The company will maintain flexibility and continue to generate strong profits”

Saudi is in a prime position to produce green and blue hydrogen

Number of factories in Saudi exceeded 10,000 factories

The value of exports amounted to 108.4 billion riyals

Housing and social services projects are government priorities

Law ensures equal treatment for both Saudi, foreign investments

21 total listings in 2021, with volume offerings amounting to SAR31 billion

The first international fund dedicated to back the tourism sector

The majority of Saudi agree that multi-cloud is ideal

The new program to support SMEs through providing trade finance facilities

The company completed the purchase of Scientific Design

Startups are the most agile and therefore best positioned for quick shifts

SAMA reserves to rebound above $500 billion in 2022-2023

GAC approves 88 percent of applications in Q1

Assets valued at $620 billion

IPI grew by 22.3 percent in February

Residential lease deals amounted to more than 139 thousand contracts

For every increase of 100 basis points, Banks' net income to increase by 13%

The joint venture will address needs of growing aviation sector in Saudi

Contracts industry rose to 78 percent in 2021

S&P Global Saudi PMI rose to 56.8 in March

$40 million to invest in Saudi technology startups

The deal is worth $158 million

Since 2017, Saudi added 37,000 telecommunication towers

Contract is valued at $900 million

IoT will have a capital of SAR 492 million

In line with Vision 2030, we are currently witnessing a massive transformation within the Kingdom

OPEC said the increase in prices was driven by geopolitical tensions

Agreements aim to promote entrepreneurship in various fields

Agreements reflect Dussur’s appetite to invest in Saudi industrial sector

SAMA reaffirmed commitment to support finance and payments sectors

Spending valued at 93 billion riyals by 2025

Several programs were signed, initiatives launched and agreements

The conference continued under the slogan "We Reinvent, We Renew"

Saudi Ministry of Investment grants 4 licenses to start-ups, one VC fund

The region's net consumer confidence increasing 0.7 percent

The sector is expected to grow by about 20% in 2022

Fund will invest in companies developing new tech or improving existing ones

Non-oil exports rise 27.5%

The Partners will supply, purchase, and trade carbon credits

It announced cash dividends of 70.3 billion riyals

SEC completed the implementation of sector regulatory and financial reforms

Non-oil activities grew 5.1% in Q4 year on year

This is attributed to the 4.3% increase in transportation prices

An integrated financial institution towards achieving "Vision 2030"

Bloomberg: The largest IPO in Saudi Arabia since Aramco

22 localization and capacity building agreements were announced

Long-term bonds part of credit facility

Net profit amounted to 587.7 million riyals ($156.64 million) at the end of 2021

City located in the Irqah neighborhood, in a 3.4 km2 area

The project provides more than 10,000 job opportunities

Anticipation of an economic contribution reaching $186.6 million

Non-oil sector constituted 88% of the total increase in actual revenues

A mega IPO-filled 2021 is encouraging large companies to sell shares

Aramco announces in March its top financial results for 2021

SMEs among the most important drivers of economic growth

Sustainability in the Aramco hierarchy of priorities

STC net profit increased by 316 million riyals from the previous year

It’s the second such increase since 2019

The airline has a global network of over 120 cities

BNPL is framed as an interest-free alternative to credit card payments

The number of Saudis in the labor market reached over 1.9 million

The Saudi mining sector in 2021 reached 83 billion riyals ($22.41 billion)

Saudi expects an inflation rate of 1.3% in 2022, and 2% in 2023 and 2024

PIF’s ranking rose to sixth in the world, having compiled assets worth $580 billion

Saudi is one of the world’s fastest-growing countries in manufacturing

Transfer part of Saudi's long-term strategy to restructure its economy

Prosperity7 was designed for the development of next-generation technologies

The AAA gaming studio will form an integral part of the NEOM Media Hub

The fund's assets increased to $412 billion in 2020 from $152 billion in 2015

Global, regional, local audiences witnessed Saudi’s digital transformation

Saudi raised its natural gas production by 30% over the last 10 years

Riyadh Metro was a headline grabber before its upcoming launch

Agency predicts rate hikes from central banks in union

Technology ensures invulnerable data security

The project will add SAR47 bln to the Kingdom's economy by 2030

CMA approves listing of over 70M shares from several companies

Valued at $12.4B, Aramco deal biggest in 2021

Kingdom effects legislative renaissance supporting economy, global positioning

Western double standards risk reducing production levels

Botox and fillers used to enhance camels' looks in a bid to win $66.6 mln

Cooperation strengthens maritime transport, trade ties

Q3 growth at 7% YoY, beating estimates

Saudi's SISCO strengthens its logistics plans via new acquisition