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Saudi Arabia
Economy
Saudi attracts $1.97 bn FDI in Q1
Inflows rose 9.5% compared to the same period in 2021
Economy
The Saudi Cabinet approves a series of new laws
Companies Law facilitates establishment of organizations, encourages bold investment
Banking & Finance
Saudi banking sector Q1 net profit increases 22.83%: KPMG
The banking industry showed a resurgence with an increase in profit of 40.15%
Industry
Saudi contracting sector implements SAR 20 trln projects in 5 years
Saudi contracting firm number reached 165K
Health
Saudi invests SAR 12.75 bn in vaccines, vital medicines
Saudi's vital sector is estimated to have a yearly worth of $2 bn
Energy
SABIC launches program to develop EV technology
With a focus on structural battery performance
Economy
Saudi Crown Prince-Erdogan meeting: agreement to develop cooperation
Trade exchange during 5 years amounted to about 103 billion riyals
Economy
Final statement of the IMF mission: The economic prospects for Saudi positive
The Fund expects the Kingdom's GDP to grow by 7.6% this year
Economy
The Crown Prince in Jordan.. Saudi the largest investor with $14 billion
The Saudi-Jordanian Fund is a leap in promoting joint investments
Economy
The outcome of Saudi Crown Prince’s visit to Egypt… agreements worth $7.7 billion
Trade exchange jumps 62% to $9.1 billion in 2021
Banking & Finance
Saudi’s Ministry of Human Resources registers SAR34.7 bn in revenues
Revenue from expatriate fees amounted to 6.86 billion riyals
Markets
Saudi’s Alamar IPO: Offering price range set between 103, 115 riyals
Alamar to raise about 1.2 billion riyals by offering some shares on Tadawul
Logistics
Saudi first to join Amazon’s entrepreneurial program
The program aims to establish logistics start-ups
Banking & Finance
Sheila Alrowaily’s first interview after SAMA’s appointment
"The Kingdom's leadership has promoted Saudi women to many positions"
Economy
Saudi reports $4 bn investment deals in Q1
101 deals to create 5,800 new jobs in the domestic economy
Hospitality & Tourism
Only these residents will be able to visit Saudi without a visa
Domestic workers might be excluded form the visa-free travel scheme
Economy
Annual inflation in Saudi rises to 2.2% in May
Blame the increase in food, beverage, and transportation prices by 4.2%
Logistics
Saudi’s Qoot, Deliverect team up to empower Saudi’s F&B industry
The partnership will help Qoot manage digital orders more efficiently
Hospitality & Tourism
Saudi assesses compensation if delaying, damaging passenger’s luggage
Airline must pay minimum of SAR1,820 and no more than SAR6,000 in such cases
Energy
Europe raises demand for Saudi oil amid ban on Russian oil
Saudi’s crude oil production capacity to reach 13.3-13.4 million BPD
Logistics
Saudi signs $1.15 bn infrastructure development projects
Alkhorayef Water awarded four contracts worth $493 mn contracts in Saudi
Health
Saudi getting in on anti-aging movement to the tune of $1 bn a year
Hevolution seeks to extend the health span
Banking & Finance
Sheila Alrowaily, the first woman to serve on SAMA’s board of directors
Increasing share of women in work in MENA could increase the GDP to $2 tn
Banking & Finance
Subsidiary to Saudi PIF buys a $1bn chunk of Embracer gaming group
The games and esports company will hold 8% of the shares
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