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Saudi Arabia
Industry
Foreign, joint investments in Saudi industry surpass $144.49 billion
Number of factories with foreign investment in the Kingdom reached 930
Arts
Saudi launches first film investment fund worth $100 mn
Vision 2030 targets $24bn film industry for Saudi economy
Hospitality & Tourism
Saudi takes second place globally in international tourist growth rate
Kingdom advanced 12 places in 4 years
Economy
Moody’s affirms Saudi A1 credit rating, expects budget to continue improving
Moderate debt levels, large financial reserves and high economic resilience
Markets
Saudi’s First Milling to offer 16.6 million shares in IPO
Company achieved steady sales growth in 2021 and 2022
Hospitality & Tourism
Saudi Crown Prince establishes investment fund for Riyadh Air
New national carrier a strategic move towards Saudi Vision 2030
Markets
Saudi considers second Aramco IPO, could raise over $20 bn
Offering expected to be the world's largest in recent years
Banking & Finance
Saudi’s sukuk issuance draws massive $17 bn in requests
Citigroup, JPMorgan, and Standard Chartered coordinated issuance
Markets
Jamjoom Pharma sets IPO price range: Aiming to raise $336 mn
Cornerstone investors agreed to subscribe
Real Estate
Riyadh neighborhoods get a Royal renaming
New name, new development
Miscellaneous
How’s the Saudi soccer league carving its place into the future of football?
Messi and Lloris linked to Al-Hilal and unnamed FC
Industry
Lucid’s struggles don’t dampen Saudi’s EV ambitions
Lucid's Jeddah plant construction continues
Energy
Despite Q1 profit hit, Aramco shares up on new dividend policy
New payout will be between 50% to 70% of company's annual free cash flow
Saudi Arabia
stc Group achieves highest quarterly revenues in its history
Company's net profit reached SAR3,109 mn
Economy
Saudi, US, UAE, and India discuss diversifying supply chains and investments
Regional integration in focus
Energy
Aramco announces 19% drop in profits in the first quarter
The company attributed this decline to low oil prices
Hospitality & Tourism
IHG Hotel & Resorts, STA to accelerate growth of tourism sector in Saudi
MoU aims to increase inbound visitation to Saudi Arabia
Energy
Falling oil revenues results in 3 billion riyals Q1 Saudi budget deficit
Non-oil revenues jumped 9% to more than 102 billion riyals
Economy
3.9% growth in Saudi supported by non-oil economy
Government expects non-oil sector to grow by about 6% in 3 and 5 years
Economy
Al-Hilal makes move for Messi: Will he accept the Saudi challenge?
Hospitality & Tourism
Careem, Saudi Tourism Authority collaborate to offer exclusive tourism deals
MoU was announced during the 30th Arabian Travel Market
Saudi Arabia
stc’s longest subcable to connect 33 countries by 2024
A step towards digital expansion
Banking & Finance
Saudi National Bank’s stake in UBS reaches 0.5% after Credit Suisse deal
Saudi Bank's net profit increases 12% in the first quarter
Markets
MRNA to go public on Saudi’s Tadawul
An opportunity for investors
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