Saudi Arabia

stc Group: Sustainable growth, cost-efficiency program drive surge in net profit to $2 billion in H1 2025

During the first half of 2025, stc Group achieved revenue growth of 2.09 percent to SAR38.66 billion

Saudi Arabia’s investment delegation concludes Syria visit with 47 deals worth $6.4 billion

The agreements span a wide range of sectors, including real estate, infrastructure, finance, and others

Saudi Arabia announces $100 million Al Jawhara Tower project in Syria

Backed by Ethraa Holding, the tower will span an area of 25,000 square meters

Saudi Arabia launches Taqatech Accelerator to drive energy innovation, economic growth

The Taqatech Accelerator aims to support startups focused on local content, technology localization, and job creation initiatives

Saudi Arabia’s non-oil exports rise 6 percent to $8.26 billion in May 2025

Saudi Arabia's merchandise exports decreased by 14 percent to SAR90.4 billion due to a decrease in oil exports

Riyadh’s Grade A office market hits 98 percent occupancy in Q2 2025 amid soaring demand

As of mid-2025, more than 660 international firms had been licensed to set up regional headquarters in the Saudi capital

Upcoming Riyadh Season to feature rich Saudi and Gulf content, comedy festival: GEA chairman

The season will include global events such as music concerts, football matches, boxing bouts, UFC fights and a WWE showcase

Saudi Arabia launches initial operational phase of autonomous vehicles in Riyadh

Vehicles in this phase will cover Saudi Arabia's King Khalid International Airport and several key locations across Riyadh

Saudi Arabia’s VC deployment hits $860 million in H1 2025, surpasses 2024 funding

Saudi Arabia achieved a record 114 VC deals in H1 2025, a 31 percent increase compared to H1 2024

Apple introduces localized shopping experience in Saudi Arabia with new online store, app

Customers can use Buy Now Pay Later to shop and pay in four-month installments at 0 percent interest

Saudi Arabia launches King Fahd Airport master plan, announces $426.5 million projects

A new national low-cost carrier, Air Arabia, was announced to be based at King Fahd International Airport

June 2025 sees Saudi Arabia’s inflation rate stabilize at 2.3 percent year-on-year: GASTAT

Consumer Price Index maintained steadiness at 0.2 percent compared to May 2025

EFG Hermes advises Nesma & Partners on strategic acquisition of AYTB

EFG Hermes acted as the sole buy-side financial advisor to Nesma & Partners

Saudi Arabia’s real estate market thrives on GDP growth, retailtainment, and tourism boom

The retail sector is evolving with retailtainment, enhancing customer experiences in entertainment hubs

Diriyah Company awards $600 million contract for construction of 400 retail units in Diriyah Square

The contract for the development of the retail district includes building 73 individual buildings

Honor of Kings World Cup 2025 kicks off in Riyadh with $3 million prize pool

The grand finals on July 26 will feature a dramatic best-of-seven series using the “Ultimate Battle” draft mode

Diriyah Company: Transforming Saudi Arabia’s birthplace into a premier destination

Diriyah is a unique destination that combines cultural and historical experiences with the modern pleasures of fine dining, nature, and luxury

UAE and KSA cement position as global investment magnets in Kearney’s 2025 FDI Index

The 2025 index results indicate that despite challenges, international investors maintain faith in the Gulf’s economic potential

Saudi Arabia’s PIF ranks 4th globally among SWFs as assets under management hit $1.152 trillion

This year, the fund achieved a perfect score in Governance, Sustainability and Resilience (GSR), up from 28 percent in 2020

Saudi Arabia achieves 203.2 percent growth in non-oil trade surplus exceeding $533.2 million

Total non-oil trade volume between Saudi Arabia and GCC countries reached SAR18.028 billion in April 

Saudi Arabia ranks first in global tourism receipts growth for Q1 2025

The Kingdom recorded 102 percent surge in international tourist arrivals during the quarter

Tasama: New PIF company to support startups, boost business services growth across Saudi Arabia

Tasama offers a suite of services to support businesses through their startup and growth phases.

Saudi financial sector achieves 353 listings, 261 fintech companies, and 79 percent digital payment growth

FSDP's 2024 report highlights achievements that enhance resilience and growth in the financial sector