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Saudi Arabia
Saudi Arabia
stc’s revenues rise over 5 percent to $5.09 billion in Q1 2024
Group's net profit surged by 44.50 percent to SAR3.28 billion
Banking & Finance
Saudi Aramco reports Q1 2024 net income of $27.2 billion
Cash flow from operating activities stands at $33.59 billion
Real Estate
Saudi Arabia’s developers poised for growth amid property shortage, government support: S&P
Report expects real estate to increase its contribution to the GDP from 6 percent to 10 percent by 2030
Economy
Nearly 30,500 new employees join Saudi Arabia’s private sector in April
As many as 2.36 million citizens were working in the Kingdom's private sector in April
Logistics
Saudi Arabia’s flynas to broaden UAE network, add flights to DWC, Abu Dhabi, Sharjah
With this expansion, the number of routes connecting Saudi Arabia and the UAE will increase to nine
Economy
Saudi Arabia, Malaysia discuss trade, economic partnerships in priority sectors
Saudi-Malaysian Business Council launched
Saudi Arabia
Saudi Arabia allocates $2.5 billion to Middle East Green Initiative
Central to Saudi Arabia’s strategy for addressing climate change is the implementation of afforestation programs
Hospitality & Tourism
Saudi Arabia’s Qiddiya set to build Aquarabia: Region’s largest water theme park with 22 attractions
Aquarabia will also offer an underwater adventure trip using diving vehicles
Banking & Finance
Saudi Arabia’s Vision 2030 will need around $1 trillion in investments over several years: Report
Non-oil economy will continue to grow with increased government investments in Vision 2030 projects
Economy
Saudi Arabia’s non-oil sector starts Q2 2024 with strong growth, says PMI
To meet rising demand, purchasing activity in Saudi Arabia's non-oil sector saw a sharp increase in April
Economy
Saudi Arabia’s non-oil revenues rise 9 percent to $29.73 billion in Q1 2024: MoF
Saudi Arabia's total revenues saw a 4 percent annual increase to SAR293.433 billion
Saudi Arabia
Saudi Arabia’s internet penetration reaches 99 percent in 2023: Report
Both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively
Saudi Arabia
Saudi Arabia and Japan to collaborate on digital economy growth, technology innovation
Both parties discussed the progress made in various digital projects and joint initiatives under the Saudi and Japanese Vision 2030 frameworks
Economy
Saudi Arabia’s net FDI surges 16 percent to $3.49 billion, supporting non-oil growth
Saudi Arabia aims to attract $100 billion in FDI by 2030
Markets
Saudi Arabia set to increase assets under management to 29.4 percent of GDP by 2024
The Kingdom surpassed 2023 targets with 216 fintech companies in operation and the launch of two digital banks
Economy
Saudi Arabia’s real GDP grows 1.3 percent in Q1 of 2024
In Q1, Saudi Arabia's non-oil activities saw a 2.8 percent annual increase
Saudi Arabia
Saudi Arabia, Mauritania to cooperate in electricity, renewable energy, and clean hydrogen
The deal aims to enhance electricity system reliability through knowledge exchange and partnership
Saudi Arabia
Saudi Arabia’s ACWA Power seeks to invest $10 billion in Malaysia’s renewable energy sector
Collaboration to power up green data centers in Malaysia's industrial parks
Health
WEF Special Meeting: Coordinated cooperation key to mitigating impact of epidemics, says Saudi health minister Al-Jalajel
Integrating health, justice and sustainability in decision-making promotes health sector's growth
Saudi Arabia
WEF, Saudi Space Agency ink agreement to establish Center for Space Futures
Center to facilitate public-private discussions on space collaboration
Economy
Saudi Arabia to host 28th World Investment Conference from November 25 to 27
Conference positions Saudi Arabia as global investment hub, promotes its promising business environment
Economy
WEF Special Meeting: Developing human capital must be the focus for investment
Collaborative effort is needed to address the energy trilemma of security, equity and sustainability
Economy
GCC states have succeeded in making economies more integrated: Saudi Arabia’s Al-Jubeir at WEF meeting
Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market
Hospitality & Tourism
NEOM secures $2.67 billion revolving credit facility for development projects
Financing boosts ongoing development endeavors and short-term financing requirements
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