Saudi Arabia

Saudi Arabia’s Vision 2030 reforms fuel M&A market

Privatization of key state-owned assets and consolidation in select sectors boosts market further

flynas to launch three direct flights between Madinah and Cairo’s Sphinx airport

flynas connects Egypt to Saudi Arabia with more than 120 weekly direct flights from five Saudi cities

Abu Dhabi’s TAQA, JERA and Al Bawani to develop two new highly efficient power plants in Saudi Arabia

These agreements will enable two new CCGT projects in Saudi Arabia with over 3.6 gigawatts capacity 

Saudi Arabia’s crude oil exports hit three-month high in September

Saudi Arabia's oil production fell to 8.975 million bpd from 8.992 million bpd in August

EFG Hermes launches $300 million Saudi Education Fund, acquires Britus Education portfolio of 7 schools

After having created the leading K-12 operator in Egypt, EFG Hermes aims to replicate its success story in the Saudi market

Cityscape Global 2024 concludes with over $61 billion in real estate transactions

Event attracted over 172,000 visitors and hosted more than 400 exhibitors, including some of the biggest local and global companies

ROSHN sets benchmarks with sustainable, integrated communities in Saudi Arabia

Aligning with Vision 2030, ROSHN’s projects are reshaping the real estate landscape through their innovative and human-centric approach

How are UAE, Saudi Arabia leading way in sustainable tourism?

Despite the clear benefits of sustainable tourism, several challenges and barriers hinder its implementation 

How retailers in UAE, Saudi Arabia are meeting evolving consumer expectations

In the UAE, the market stands at $40 billion, with an anticipated CAGR of 6.5 percent

Saudi Arabia’s PIF sells 2 percent stc stake, raises $1.03 billion

PIF’s remaining stake in stc equates to 3.1 billion shares or 62 percent

Cityscape Global 2024 offers attendees access to entire real estate ecosystem

Future of Living Stage reveals 135km "green spine" to enhance quality of life in Riyadh for both tourists and residents

Cityscape 2024: Sakani pavilion attracts 14,756 visitors, books 2,299 residential units valued at $306 million

The program's financial advisory service conducted 394 consultations on-site at the pavilion 

Cityscape Global 2024 reveals $3.36 billion worth of new projects, strategic agreements

More than $3.2 trillion AUM in Real Estate Assets represented during Cityscape Global

Cityscape Global 2024: Sustainable Diriyah master plan draws crowds

First phase of the project is on target for completion for Expo 2030

Cityscape Global 2024: ICON reveals Network of City Innovators, a platform for collaborative urban solutions

The platform aims to tackle complex urban challenges requiring collective expertise and diverse perspectives

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