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Saudi Arabia
Real Estate
New $2.9 billion real estate fund launched at Cityscape Global 2023 in Riyadh
Investment directed towards Al Kidwa in Makkah province
Banking & Finance
Saudi logistics firm SAL to go public as owners list 30 percent stake
Company has a 95 percent market share in Saudi’s cargo handling sector
Saudi Arabia
Saudi launches ambitious renewable energy projects to meet 2030, 2060 targets
PIF to develop 70 percent of its renewable energy by 2030
Hospitality & Tourism
Saudi’s heritage preservation efforts shine at 45th session of UNESCO World Heritage Committee
Kingdom is showcasing six UNESCO-listed sites
Economy
Over 50 agreements stem from Saudi Crown Prince visit to India
Riyadh, New Delhi emphasize ensuring security of energy supply
Markets
EFG Hermes collaborates with the Saudi exchange during EFG Hermes Saudi forum
To showcase compelling Saudi equities to global investors
Real Estate
Cityscape Global 2023: SAR65 bn worth of exciting projects revealed
Roshn, China Harbour forge SAR7.7 bn partnership for future projects
Logistics
$421 bn in trade exchange between Saudi, G20 countries in 2022
Trade volume between Saudi, India surged to $53 bn
Markets
Saudi’s Lumi prices IPO at top of range
Company aimed to achieve SAR1 bn in revenues prior share offering
Miscellaneous
LeBron James spotted in Saudi, fueling a billion dollar deal speculation
Liverpool triumphs in battle to keep Mohamed Salah
Economy
Top startup incubation programs in Saudi
Opportunities abound for Saudi entrepreneurs
Economy
Positive prospects for Saudi economy with strong non-oil growth momentum: IMF
Fund projects growth of 1.9% in 2023, 2.8% in 2024
Real Estate
Saudi real estate, infrastructure projects top $1.2 trillion mark: Report
Western Saudi to deliver $687 bn worth of real estate projects by 2030
Markets
New stock exchange deal fosters closer Saudi and China ties
June saw Saudi Arabia hosting the Arab-China Business Conference
Saudi Arabia
stc Group acquires a 9.9% interest in Telefónica
For a total consideration of SAR 8.5 billion (EUR 2.1 billion).
Banking & Finance
Saudi to commit investments worth $25 bn in Pakistan next 5 years
Investments will target mining, agriculture, and information technology
Banking & Finance
Saudi banks see marginal profitability gains in Q2
Amidst slight decline in net profit
Hospitality & Tourism
flynas to launch new operations base at Madinah Airport
In collaboration with Tibah Airports Operation
Economy
Saudi, Italy forge 21 agreements to boost trade and investment relations
Italy emerges as long-term partner for Saudi in energy, sustainability
Interviews
Exclusive interview with Chris Newman, Executive Director, NEOM Hotel Development
With 95% of the land protected for nature, NEOM offers incredible biodiversity
Saudi Arabia
Saudi’s global water organization to initiate global sustainability collaboration
Facilitating exchange, advancing expertise and technology
Banking & Finance
Saudi fintech companies already double all of last year’s numbers
They generated total revenues of $746.4 mn in 2022
Saudi Arabia
Huawei to help Saudi’s AI drive with new cloud data center
Huawei said it would invest $400 mn in Saudi’s cloud region over 5 years
Energy
Saudi’s Aramco pondering selling more shares before end of 2023
Shares will likely be listed on the Riyadh bourse
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