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Economy Middle East Summit
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Saudi Arabia
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
Hospitality & Tourism
$1trn Saudi development pipeline reinforces Vision 2030’s ambitious goals
Creating opportunities for hospitality investment with 315,000 hotel keys
Miscellaneous
Ronaldo to leave Saudi for Real Madrid?
The football star reportedly faced cultural and language barriers in the Kingdom
Energy
Move over Microsoft. Aramco now world’s second largest company
Still on top was Apple enjoying an estimated market value of $2.6 trillion
Miscellaneous
Saudi’s PIF in forward position to buy stakes in various football clubs
Fund's football portfolio might grow with KV Oostende purchase
Banking & Finance
Aramco doubles down on esports investments with new partnership
Promising new experiences for gamers
Energy
Aramco’s $100 bn gas program targets 50% production growth
Targeting 13 million bpd by 2027
Saudi Arabia
stc provides largest indoor coverage solutions for King Abdulaziz Endowment
In Makkah
Banking & Finance
Sanabil investments gets 4% stakes transfer from Saudi Aramco
PIF still controls over 90% of oil giant
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