Saudi Arabia

Saudi Arabia’s NEOM appoints partners for first phase of The Line

Starting in early 2025, several architects will undertake the planning and design of the neighborhoods within phase one

Cityscape Global 2024 kicks off in Riyadh to showcase real estate sector’s latest trends

This year’s Cityscape Global Institutional Investor Program promises to unlock regional and global opportunities, particularly in Saudi Arabia

Saudi Arabia launches beta version of virtual travel companion Sara AI

Sara sets a new benchmark as the first digital human travel companion developed for a national tourism board

Saudi flynas reinforces European Network during World Travel Market 2024 in London

Throughout its booth, flynas demonstrated its latest products, offerings, Umrah and travel packages

Saudi Aramco achieves Q3 revenue of $111.1 billion, $27.6 billion in net profit

“Aramco delivered robust net income and generated strong free cash flow during the third quarter, despite a lower oil price environment,” Eng. Nasser said

stc Group achieves highest 9-month revenues of $15 billion, $2.98 billion in net profit

Total revenues grew 3.92 percent compared to the same period last year 

FII8 conference concludes with global launches, investments and initiatives

World leaders and decision-makers convene to share insights into initiatives that address critical challenges and improve the lives of citizens

81.4 percent of Japan’s oil imports sourced from UAE, Saudi Arabia in September 

UAE stood out with 31.33 million barrels, while Saudi contributed 27.98 million barrels 

Saudi Arabia’s PIF signs five deals worth $51 billion with top Japanese financial institutions

Agreements play a key role in the fund's strategy to boost financial collaboration globally and enhance cooperation in key sectors

FII8: Saudi Arabia’s ministry of investment announces five deals in key sectors

SBI Holdings and BIM Ventures aim to attract over $200 million in foreign direct investment and manage assets exceeding $2 billion

FII8: Aramco, Riyadh Air ink agreement to collaborate in low-carbon fuel supply, sustainability

Partnership aligns with Riyadh Air's ambition to become a leading global airline committed to sustainability and low-carbon fuels

Global Health Exhibition sees $13.3 billion in deals signed over three days

The event, now in its seventh edition, saw a 72 percent increase in international attendance from over 138 countries

764 major deals drive $15.79 billion in Abu Dhabi, Dubai bourses this year

At ADX, there were 549 transactions, encompassing 16.6 billion shares valued at AED55.4 billion

stc Group’s tali ventures leads $10 million investment in Series B funding for NorthLadder

This funding round was spearheaded by tali ventures, with additional contributions from the Dutch Founders Fund and Crescent Ventures

FII8: NBK’s Shaikha Al-Bahar spotlights role of AI, fintech in driving banking growth

The future of banking will be defined not by head-to-head competition with fintech companies, but by cooperation

FII8: Non-oil GDP now represents 52 percent of Saudi economy, Aljadaan says

The Minister noted that women's participation in the workforce has reached 35 percent, surpassing the vision's target of 30 percent 

FII8: stc Group joins hands with three new partners for Sustainability Champions program

The Group further reinforces its commitment to sustainability, connectivity, and technological advancement at FII8

FII8: Princess Reema reiterates Saudi Arabia’s commitment towards blue economy, ocean health

Princess Reema launches Ocean Central, a platform that collects and combines data to provide a clear and evolving view of ocean health

FII8: Saudi Arabia strengthens framework for high-integrity carbon markets to achieve national emission reduction targets

Strategic collaboration between the Regional Voluntary Carbon Market Company, Clean Development Mechanism Designed Authority

FII8: PIF and Google Cloud to launch global AI hub in Saudi Arabia to support ICT goals, foster tech partnerships

This partnership grants customers access to Google Cloud’s technology, boosting growth and AI delivery 

Visa opens new innovation center in Saudi Arabia

The new facility will act as a hub for co-designing cutting-edge payment solutions for Kingdom and GCC

Riyadh Air places order for 60 Airbus A321neo family aircraft at FII8 conference in Riyadh

The A321neo offers 50 percent noise reduction and more than 20 percent fuel savings and carbon dioxide reduction

FII8 conference explores geoeconomics and future investments

Highlighting the need for investment, development support, and strong legal frameworks to attract international investors 

Cityscape Global 2024 to welcome over 400 exhibitors with future of living in focus

The organizers have outlined plans to attract institutional investors with $1 trillion in fund value