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Economy Middle East Summit
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Saudi Arabia
Energy
Aramco eyes IPO of its trading unit
The listing could raise $30 billion
Saudi Arabia
Saudi’s PIF buys 5% of Nintendo’s shares
The deal makes the fund 5th largest investor in the video game company
Industry
EV sales in Saudi will reach 1.3 million by 2030
Electromin rolls out 100 charging stations for EVs across Saudi
Saudi Arabia
Nonprofit City launches smart strategy
Solutions by stc contracted to implement the strategy
Saudi Arabia
Saudi develops strong ecosystem for entrepreneurship
KAUST attracts 5 global deep tech startups to Saudi
Real Estate
Real estate e-transactions exceed 11bn riyals in Saudi
79K transactions completed since March 2020
Saudi Arabia
$20bn worth of digital asset deals in Saudi in 2021
Saudi will soon witness accelerating adoption of crypto
Energy
Saudi seeks to produce 13.4 million barrels of oil per day
Prince Abdulaziz: Oil output depends on what we do in the divided zone
Industry
Saudi’s PIF invests 1.2 billion riyals in the coffee industry
It seeks to boost annual coffee beans production from 300 to 2,500 tons
Economy
Saudi Arabia’s budget achieves highest quarterly surplus in over 6 years
Budget supported by high oil prices
Energy
Aramco’s net income in the first quarter increased by 82%
Al-Rajhi Financial expected Aramco to achieve profits of 136.6 billion riyals
Energy
“SABIC” profits rise in Q1 to the highest level in 2 years
Net profit jumped 33% to 6.47 billion riyals
Hospitality & Tourism
SAUDIA offers new service to enhance the travel experience
It partnered with AMEX Saudi to launch new miles redemption program
Energy
Aramco General Assembly discusses increasing its capital
Several factors to boost Aramco's share prices in coming months
Hospitality & Tourism
Key agreements signed at Future Aviation Forum in Riyadh
The agreements aim to strengthen the industry by investing in new innovations
Hospitality & Tourism
Saudi carrier Flynas agrees sale-leasebacks to fund 14 new jets
Deals valued at 6.6 billion Saudi riyals
Energy
Saudi Aramco displaces Apple, becomes most valuable company in the world
The company’s market value has risen to $2.464 trillion
Banking & Finance
Saudi banking sector rebounds amid recovery from pandemic
Net income increased by 15.5 percent to 48.8 billion Saudi riyals
Hospitality & Tourism
SAUDIA to deepen collaboration with the business community
The airline launches a rebranded business division; SAUDIA Business
Banking & Finance
“Fitch”: Saudi banks recovering well from pandemic pressures
Higher interest rates in 2022-2023 would further support it
Hospitality & Tourism
The Future Aviation Forum: Saudi seeks to invest $100 billion by 2030
GACA launches national strategy to connect 250 destinations globally
Logistics
Saudi increases private sector’s role in transportation sector
Mawani launches 12 private-sector investment opportunities
Industry
Huge investments reinforces Saudi’s position as a regional mining hub
Saudi attracts investments worth $32 billion through 9 new projects
Economy
S&P: The non-oil private sector in Saudi continues to grow strongly
Rising commodity prices and global inflation fears pressure sales
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