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Saudi Arabia
Banking & Finance
Profits at top Saudi Arabian banks jump by 17.6% in Q1 2022
Growth attributed to several factors, including a buoyant energy market
Hospitality & Tourism
$1 bln to finance infrastructure projects in Saudi
Saudi to attract 70 million international, local visitors
Banking & Finance
Saudi shows foreign investor appetite and soaring IPOs in Q1 report
Foreign investors rose to historical levels in Q1, with 9,383 new licenses
Banking & Finance
Saudi’s PIF acquires 24% stake in Capital Bank for SAR 695 mln
Total shareholders’ equity raises to SAR 3.2 billion
Health
New MOU signed in Saudi to expand pharmaceutical capabilities
MoU to promote healthcare sector, raise Saudization
Economy
Jadwa expects Saudi’s foreign reserves to reach $581 billion by end 2022
The kingdom could make $400 billion from oil industry this year
Economy
Saudi exempts taxpayers from fines
The initiative aims to mitigate the economic fallout of the pandemic
Real Estate
Riyadh apartment prices accelerate by 20%
Government’s programs to boost home ownership have turbo-charged demand
Saudi Arabia
Saudi planning the largest buildings ever constructed
Skyscrapers are valued at $500 billion
Logistics
King Abdullah Port tops world’s most efficient container ports list
2 Saudi ports rise up in rank
Banking & Finance
Did Saudi just unleash a fintech boom?
106 deals worth in excess of $558 million, highest in the region
Economy
Saudi: Investing in female workforce could generate $400 bln
Women will improve the economic prosperity of Saudi
Saudi Arabia
stc, Alibaba to launch cloud services in Saudi
The new investment is valued at $238.3 million
Economy
Davos discusses future prospects of the Saudi economy
The Saudi wave will push all the ships in the region with it
Economy
Al-Jadaan: Saudi to cut VAT rate after replenishing reserves
"We are at a final stages of designing our fiscal sustainability policy"
Economy
Saudi expects economy to grow by 7.4% in 2022
Saudi oil GDP expected to increase by 19%
Energy
Riyadh hopes to “reach an agreement with OPEC+
Saudi Energy Minister: World must appreciate value of the alliance
Health
Saudi bans travel to 16 countries over new Covid outbreaks
The list includes Lebanon and Turkey
Markets
Al-Waleed bin Talal sells 17% of “Kingdom Holding” to the PIF
Bin Talal's share in the company's capital declines to 78.13%
Saudi Arabia
Saudi aims to become a leader in adopting AVs
Saudi expects AVs to be available to everyone by 2050
Industry
Saudi to manufacture over 300,000 cars per year by 2030
Expenditure on cars in Saudi reached SAR 40bn in 2020
Saudi Arabia
Saudi at the forefront of threat readiness
Trend Micro blocked 107 million threats in Saudi
Energy
ACWA sees profit surge despite supply chain challenges
Profits climbed to SAR151.9 compared to SAR139mn in 2021
Economy
Vision 2030’s media coverage gives Saudi big impetus
Vision 2030 media coverage grew by 74% since 2020
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