Saudi Arabia

Saudi’s PIF buys stakes in US giant companies

Fund invested a further $474mln in Meta

Saudi’s Kingdom Holding unveils 3-year $3.4 bn investment program

Including 1.97 billion riyals in Russian energy companies

Saudi Tadawul reports 24% decline in profit on higher expenses

Its market value reached about $2.8 trillion in 2021

Inflation in Saudi rises in July to highest level in 13 months

F&B prices, transportation costs were the primary causes of rising inflation

flynas sees 120 percent increase in number of passengers

46% increase in aircraft fleet, 57% in number of flights comparing to 2021

Saudi C’s Q2 profits beat expectations

Announced a dividend of $18.8 billion

MENA expected to see 45 tech start-ups with unicorn status

Combined value of fast-growing start-ups could come close to $100 bn

Saudi’s SABIC posts over $2 bn in profits in Q2

Driven by higher average selling prices

Gross Premium Written in Saudi to grow by 5-10% in 2022

Intense competition pressures Saudi’s underwriting results

Saudi closes 49 investment deals worth SAR 3.5 bn in Q2

Foreign investment licenses increased by 674 percent yoy

Saudi National Water Company to launch SAR 108 bn projects

The company intends to roll out 1,429 projects

Oil revenues send Saudi’s budget surplus to $21 bn

The highest quarterly surplus since data publication began in early 2016

Saudi establishes special authority to promote foreign investment

Strategy aims to support partnerships between investors

Saudi Aramco buys US-based Valvoline for $2.65 bn

Acquisition fits in with growth strategy for lubricants, says Aramco

Saudi economy achieves highest quarterly growth in 11 years

Oil activities lead GDP growth by 11.8% in Q2

Saudi Crown Prince in Greece, signs submarine cable agreement

Connecting electricity grids provides cheaper green energy