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Saudi Arabia
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
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
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