Saudi Arabia

Abu Dhabi ranks as world’s safest city, tops GCC in quality of life index

In a list of 311 cities, Abu Dhabi has ranked highest on the safety index (88.2) and lowest on the crime index (11.8)

Saudi PIF’s revenues soar 100 percent to $88.22 billion in 2023

The fund swung to a profit of $36.81 billion in 2023, after posting a loss of $15.6 billion a year earlier

Saudi Arabia uncovers seven new oil and natural gas discoveries in Eastern Province, Empty Quarter

In the Eastern Province, two unconventional oil fields were found - Al-Ladam and Al-Farouq

Saudi Arabia ranks 3rd globally in remittance outflows in 2023: World Bank

Remittances to the Middle East and North Africa (MENA) region declined by 15 percent to $55 billion in 2023

Saudi Arabia’s foreign direct investment rises 5.6 percent to $2.53 billion in Q1 2024

This growth underscores Saudi Arabia's continued appeal to international investors

Saudi Arabia posts record trade surplus of over $11 billion

This represents a 36 percent increase compared to the surplus of $8.1 billion recorded last year

Saudi Arabia encourages UK investors to enter Kingdom’s sports industry

The sports and entertainment industry in the Kingdom grew at an annual pace of 12 percent between 2018 and 2023

Saudi Arabia’s Fourth Milling Company to list 30 percent stake in IPO

MC4 was sold in 2021 to a group made up of Al Othaim Markets, Allana International, and United Feed Manufacturing Company

Saudi Aramco emerges as world’s largest oil company with 259 billion barrels of reserves

The Saudi oil giant produced an average of 12.8 million barrels of oil per day in 2023

Saudi real estate sector contributes 5.9 percent to GDP, hits $169.5 billion in transactions

The sector recorded more than 280,000 transactions since the beginning of 2024

Saudi Arabia issues $1.17 billion in sovereign sukuk across three tranches in June

The total volume of sukuk and bonds in Saudi Arabia increased by 5.73 percent during the third quarter of 2023

Saudi’s Arabian Mills plans to list 30 percent stake in IPO

The CMA has approved Arabian Mills' public listing application, and the company will publish the IPO prospectus soon

Saudi Arabia’s 1,200-station renewable energy mapping project aims to accelerate clean power goals

The stations seek to measure solar and wind energy across all regions of the Kingdom

Saudi Arabia’s flynas named 4th best low-cost airline in the world, 1st in the Middle East

flynas connects more than 70 domestic and international destinations with more than 1,500 weekly flights

Qiddiya City’s new Performing Arts Center to receive over 800,000 visits annually

Center will host over 260 indoor and outdoor performances and events every year with over 3,000 seats across three theatres

Saudi Arabia boosts maritime sustainability with new multimillion-dollar waste recycling plant in Jeddah

The project, valued at $8 million, will cover an area of 10,000 square meters

Saudi Arabia’s non-oil exports rise 12.4 percent, imports down 1.3 percent in April: Report

Exports to China reached 16.6 percent of total exports, making it the top destination for Saudi Arabia's exports

Saudi Arabia’s M&A deal volume surges to $955 million in Q1 2024

The chemicals sector accounted for 52.4 percent of the total

Saudi Arabia’s GDP growth of 1.4 percent higher than G20 average in Q1 2024: Report

Türkiye recorded the highest growth at 2.4 percent in Q1 of 2024 followed by India at 1.9 percent

Saudi Aramco, NextDecade sign 20-year LNG supply deal

Aramco to purchase 1.2 MTPA of LNG from NextDecade's Rio Grande Terminal under proposed agreement

Saudi hospitality revenue to rise 7.5 percent in next 4 years, fueled by tourism and Vision 2030

The GCC hospitality sector's revenue is expected to reach $48.1 billion by 2028

Saudi Arabia to prohibit working under the sun from 12pm to 3 pm starting June 15

The ban applies to private sector establishments and aims to protect workers from heat risks during the hottest hours

Saudi finance companies sector reports 13 percent growth in total assets, reaching $17.1 billion in 2023

The paid-up share capital for the finance companies sector increased by 6 percent to reach $4.13 billion