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Saudi Arabia
Logistics
Saudi’s oil export revenues surge by 78.1 percent in February
The value of exports amounted to 108.4 billion riyals
Real Estate
Mohammed bin Rashid announces housing package in Dubai worth 6.3 billion dirhams
Housing and social services projects are government priorities
Banking & Finance
Saudi’s new law may increase international business by 50%
Law ensures equal treatment for both Saudi, foreign investments
Markets
Saudi’s CMA’s revenues soar by 6% to SAR1.65 billion in 2021
21 total listings in 2021, with volume offerings amounting to SAR31 billion
Hospitality & Tourism
Saudi supports global tourism with $100 million
The first international fund dedicated to back the tourism sector
Saudi Arabia
Adoption of cloud services growing in Saudi
The majority of Saudi agree that multi-cloud is ideal
Banking & Finance
Saudi aims to increase SME’s non-oil exports
The new program to support SMEs through providing trade finance facilities
Energy
SABIC deepens its growth in the specialties market
The company completed the purchase of Scientific Design
Op-eds
Digital transformation: Inevitable, inescapable
Startups are the most agile and therefore best positioned for quick shifts
Economy
Fitch revises outlook on Saudi to positive; affirms at ‘A’
SAMA reserves to rebound above $500 billion in 2022-2023
Banking & Finance
Saudi expected to have a record year for M&As
GAC approves 88 percent of applications in Q1
Economy
Saudi PIF ranks 5th among world’s top SWFs
Assets valued at $620 billion
Industry
Saudi’s Industrial Production Index records a 3-year high
IPI grew by 22.3 percent in February
Real Estate
Riyadh tops Saudi’s Rent Index in March
Residential lease deals amounted to more than 139 thousand contracts
Banking & Finance
S&P: Saudi banks will benefit from interest rate increases
For every increase of 100 basis points, Banks' net income to increase by 13%
Logistics
Saudi’s SAMI announces strategic partnership with Boeing
The joint venture will address needs of growing aviation sector in Saudi
Economy
Saudi’s PIF gives impetus to Saudi construction market
Contracts industry rose to 78 percent in 2021
Economy
Saudi non-oil private sector keeps up solid growth
S&P Global Saudi PMI rose to 56.8 in March
Banking & Finance
Al Moammar, Fransi Capital agree to launch a VC fund
$40 million to invest in Saudi technology startups
Saudi Arabia
Saudi’s “solutions by stc” to buy controlling stake in Egypt’s Giza System
The deal is worth $158 million
Saudi Arabia
ICT spend in Saudi to reach $32.9 billion in 2022
Since 2017, Saudi added 37,000 telecommunication towers
Energy
Work starts at world’s largest green hydrogen project in NEOM
Contract is valued at $900 million
Saudi Arabia
stc, PIF sign agreement to establish IoT firm
IoT will have a capital of SAR 492 million
Op-eds
Saudi Arabia’s IPO Outlook
In line with Vision 2030, we are currently witnessing a massive transformation within the Kingdom
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