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Economy Middle East Summit
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Saudi Arabia
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
Banking & Finance
Meaning of PIF acquisition of Saudi’s two largest steel companies
Fund pays $3.3 billion for 100% of SABIC-owned steel
Health
Saudi’s multi-billion dollar health research funding bid
Part of initiatives to address aging population
Economy
Saudi Arabia records trade surplus in Q2 despite dip in oil exports
Oil exports dropped to SR227.7 bn in Q2 2023
Miscellaneous
Saudi makes powerful $100 mn PFL investment
A global influence in the making
Energy
Saudi’s ACWA Power sets sights on billions in investments for Egypt, Morocco
Company plans to pump $10 bn into Egypt by 2026
Economy
Saudi consumer price index (CPI) increased by 2.3 percent year on year in July
Yet inflation is at lowest levels
Hospitality & Tourism
Future Hospitality Summit: Exploring investment opportunities, trends in Abu Dhabi
Dealmaking, networking, insights and more, 25-27 September
Logistics
Saudi unveils ambitious plan for 59 cutting-edge logistics centers
Kingdom’s strategic move towards global connectivity
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