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Saudi Arabia
Energy
Saudi Aramco’s Luberef records net profits of SAR1.97 bn in 2022
Cash dividends proposed, representing 50 percent of its capital
Saudi Arabia
Saudi’s stc reports highest-ever 2022 revenue of SAR67 bn
Up 7.02 percent as compared to 2021
Real Estate
New Murabba could play pivotal role in Riyadh Expo 2030 bid
Investments in place to transform Riyadh into a global metropolis
Real Estate
Largest Riyadh downtown project to add $48 billion to Saudi GDP
New company launched to oversee project construction
Saudi Arabia
Saudi’s PIF pouring more investments into video games
Increasing stakes in Electronic Arts, Take-Two, and Nintendo
Industry
World Defense Show to return for a second edition in Saudi
Show to achieve localization of 50% of expenditure on equipment
Region
Saudi firms lead the world in adopting cutting-edge tech
Egged on by the government
Real Estate
The four futuristic megacities of Saudi’s NEOM
Several new projects in the works to diversify Kingdom's economy
Banking & Finance
PIF-backed eWTP Arabia Capital close to raising USD1 bn
To invest in tech startups
Saudi Arabia
Saudi’s first woman astronaut to go to space this year
In a feat that supports the Kingdom's Vision 2030
Saudi Arabia
Huawei planning to launch a USD400 mn cloud region in Saudi
The investment aims to boost Kingdom's digital economy
Saudi Arabia
PwC Middle East signs MoU with DGA, IPA, and Flat6Labs
To accelerate innovation in the public sector
Hospitality & Tourism
Ronaldo scores four goals for Saudi’s Al Nassr
Taking his club career total to 500
Real Estate
$90bn project pipeline will give Jeddah real estate a new identity
Infra and urban projects to drive growth
Economy
Saudi Arabia confronts shadow economy with technological advancement
Kingdom’s shadow economy at 15%
Saudi Arabia
stc launches its corporate investment fund
To invest in 9 advanced technological areas, including fintech, cybersecurity
Saudi Arabia
LEAP: Saudi KACST, Lenovo to develop largest computing cluster
Both parties signed MoU on sidelines of LEAP
Markets
Saudi’s PIF receives over USD12 bn in green bond orders
Bonds comprise 3 tranches with tenors of 7, 12, and 30 years
Lifestyle
Love is in the air at Hilton Riyadh Hotel &Residences
Hotel promises a unique experience full of romance
Saudi Arabia
Leap: Microsoft, Saudi could generate USD24 bn from cloud regions
Over the next 4 years
Saudi Arabia
LEAP 23 announces USD9 bn worth of investments
To support future technology and startups
Real Estate
2027 Asian Cup in Saudi Arabia to boost local property market
Market risks must be overcome for long-term benefits
Saudi Arabia
LEAP 2023 sees SAP Cloud-based VMS launched in Saudi
Enabling workforce agility and management
Saudi Arabia
Saudi to build indoor vertical farm, largest in MENA
New farm to produce 1.1 million kg of agricultural crops yearly
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