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Economy Middle East Summit
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Saudi Arabia
Banking & Finance
Saudi’s biggest banks experience steady earnings growth, profitability stable: A&M
Net profit of top 10 banks increased by 2.7% QoQ
Miscellaneous
Is Messi signing a contract to play soccer in Saudi imminent?
Saudi's Al Ittihad to sign Benzema on two-year deal
Legal reviews
Understanding new company formation requirements, visa applications in Saudi
From real estate to special economic zones, KSA embarks on bold reforms
Banking & Finance
Saudi Central Bank action required to fulfill Vision 2030: S&P
Rapid growth driven by mortgages and government deposits
Hospitality & Tourism
flynas facilitates pilgrimage for 100,000+ from 13 countries
During 1444 AH Hajj season
Economy
Saudi’s special economic zones: A global investor magnet
Kingdom launches first special economic zone for cloud computing investment
Banking & Finance
BRICS bank reportedly eying Saudi for membership
Saudi's membership would provide the bank with additional funding options
Banking & Finance
Saudi’s net foreign assets drop for 5th consecutive month: SAMA
Despite second budget surplus projection
Markets
Saudi pharmaceutical company announces final price for IPO
IPO could raise as much as SAR 1.26 bn
Banking & Finance
stc’s inspireU helps 90+ startups secure over SAR 700 mn investments
Part of the group's continued efforts to reinforce Saudi's digital hub status
Logistics
Saudi logistics sector market size to grow to SAR57.4 bn by 2030
Kingdom climbed 17 ranks in the Logistics Performance Index 2023
Energy
Saudi to speculators ahead of OPEC meeting: Beware
Oil prices rose on Wednesday following lower nventory data
Banking & Finance
Saudi’s Dussur invests SAR405 mn in Italian chemical company
Dussur plans to establish specialized factories in Saudi
Saudi Arabia
NEOM secures $8.4 bn financing for green hydrogen plant
World's largest carbon-free plant to produce green ammonia by 2026
Saudi Arabia
PIF, ACWA Power to develop $3.2 bn Saudi solar projects
Joint venture to produce 4.55GWac renewable energy
Hospitality & Tourism
Red Sea Global commits to accessible tourism for all
Tailored experiences will be provided for people with disabilities
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
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