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Saudi Arabia
Energy
OPEC+ sticks to modest oil output rises
OPEC said the increase in prices was driven by geopolitical tensions
Banking & Finance
GEC2022 inks 51.8 billion riyals worth in agreements
Agreements aim to promote entrepreneurship in various fields
Banking & Finance
PIF-backed Dussur signs 4 joint ventures, global acquisition deal
Agreements reflect Dussur’s appetite to invest in Saudi industrial sector
Banking & Finance
Saudi Central Bank licenses 3 new fintech companies
SAMA reaffirmed commitment to support finance and payments sectors
Saudi Arabia
Technological spend in Saudi highest globally
Spending valued at 93 billion riyals by 2025
Banking & Finance
Saudi GEC: Over 6 billion riyals in third day agreements
Several programs were signed, initiatives launched and agreements
Banking & Finance
SAR 28.9 billion in day 2 agreements and launches at Saudi GEC
The conference continued under the slogan "We Reinvent, We Renew"
Banking & Finance
Entrepreneurship conference in Riyadh: Agreements worth 16 billion riyals
Saudi Ministry of Investment grants 4 licenses to start-ups, one VC fund
Economy
Saudi consumer confidence growing, as economy surges
The region's net consumer confidence increasing 0.7 percent
Economy
Saudi’s retail sector on growth path, digital transformation in development
The sector is expected to grow by about 20% in 2022
Banking & Finance
ADQ, Turkey Wealth Fund to support Turkish startups
Fund will invest in companies developing new tech or improving existing ones
Logistics
Saudi oil exports jump 57.5% in January
Non-oil exports rise 27.5%
Energy
PIF Announces partners of Voluntary Carbon Market for MENA
The Partners will supply, purchase, and trade carbon credits
Banking & Finance
Saudi Aramco annual profits jump 124%, highest since IPO listing
It announced cash dividends of 70.3 billion riyals
Energy
“Saudi Electricity Company” profits jump 5 fold
SEC completed the implementation of sector regulatory and financial reforms
Economy
The Saudi economy grew 3.2% in 2021
Non-oil activities grew 5.1% in Q4 year on year
Economy
Annual inflation in Saudi Arabia rises to 1.6 percent in February
This is attributed to the 4.3% increase in transportation prices
Economy
Saudi Crown Prince launches SAR570 bn National Development Fund strategy
An integrated financial institution towards achieving "Vision 2030"
Health
Saudi “Nahdi Medical” sells its shares at peak prices
Bloomberg: The largest IPO in Saudi Arabia since Aramco
Banking & Finance
Saudi World Defense Show records deals worth SAR 29.7 billion
22 localization and capacity building agreements were announced
Energy
Aramco gas pipeline attracts $13.4 billion in bank financing
Long-term bonds part of credit facility
Markets
Saudi stock market boom boosts Tadawul 2021 profits to 17.4%
Net profit amounted to 587.7 million riyals ($156.64 million) at the end of 2021
Real Estate
Masterplan for Prince Mohammed Bin Salman Nonprofit City revealed
City located in the Irqah neighborhood, in a 3.4 km2 area
Hospitality & Tourism
Saudi Crown Prince launches “Trojena” mountain tourism in “NEOM”
The project provides more than 10,000 job opportunities
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