Saudi Arabia

Saudi Arabia’s Mawani introduces ‘GALEX’ shipping service at King Abdulaziz Port in Dammam

This service aims to strengthen the maritime connections between Saudi Arabia and East Asia

Oil to retain significant role in energy markets for decades, affirms OPEC Secretary General

Al-Ghais highlighted that calls to abandon oil were "wrong" and "unrealistic"

Saudi Arabia’s Qiddiya set to construct world’s first ‘Dragon Ball’ theme park

The park features more than 30 exciting attractions, including five state-of-the-art rides

Saudi Arabia’s air traffic surpasses pre-pandemic levels in 2023 with 112 million passengers

Saudi Arabia attributes the surge in passenger traffic to the increasing prominence of low-cost carriers

Saudi Arabia’s airports excel in complaint resolution: GACA reports near-perfect performance in February

King Khalid International Airport topped international terminals with over 6 million passengers annually

Saudi Arabia’s shipping services receive high marks on U.N. maritime connectivity index

The recent evaluation demonstrates a 30 percent increase since launch of Vision 2030 initiative in January 2016

Saudi Arabia’s Jeddah Islamic Port to establish $46.6 million integrated logistics zone

The new zone will boost port efficiency, improve commercial flow, and strengthen supply chains

Saudi Arabia closes March issuance of sukuk program at $1.17 billion

To cater to investors with different investment horizons, the issuance has been divided into three tranches

Saudi Cabinet greenlights agreement for setting up IMF regional office in Riyadh

The initiative seeks to enhance the presence and collaborative efforts of the IMF with Arab institutions

Oil demand will reach a record 104 million barrels per day in 2024: Aramco CEO

Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses

EFG Hermes concludes advisory on Cenomi retail’s sale of a portfolio of fashion brands to Abdullah Al-Othaim Fashion

In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company

Saudi Arabia’s crude exports dip 0.2 percent in January

OPEC+ extends output cuts amid market dynamics and global demand predictions

Saudi Arabia’s mineral wealth estimated at $2.4 trillion

Exploitation licenses in the Kingdoms mining sector soared by 138 percent

Saudi Arabia’s tourism sector attracts $13 billion in investments, eyes $85 billion in revenue

Kingdom positions itself as a premier travel destination with ambitious growth plans

Economic and social reforms bolster Saudi Arabia’s stable credit ratings: Report

The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says

Saudi Arabia’s non-oil economy reaches 50 percent of real GDP

Private investment and robust exports drive record-breaking expansion

Investments in 11,670 Saudi factories reach $410 trillion by January

A total of 152 new industrial licenses were issued in January

Housing costs propel Saudi Arabia’s inflation to 1.8 percent in February

Subcategory prices for housing, water, electricity, gas, and fuels rose 8.5 percent YoY

Booming hospitality, transport, and arts sectors fuel Saudi Arabia’s business growth in 2023

The ministry of commerce reported an increase in commercial registrations across various sectors

Saudi Arabia’s Diriyah reveals plans for 20,000-seat arena

The Arena will be a premier venue for sports, entertainment and cultural events

Saudi Arabia’s PIF inches closer to $1 trillion in assets

Strategic acquisitions and diversification drive growth trajectory