Saudi Arabia

Saudi Arabia launches ‘Our Guests Are Our Priority’ campaign to improve hospitality standards compliance

The campaign's initial phase centers on media and awareness initiatives that engage various stakeholders in the tourism sector

Saudi Arabia’s Fourth Milling Company to raise $228.9 million from IPO

The price range for the IPO was set between SAR5 and SAR5.30 per share

Saudi Arabia’s Ma’aden acquires 25.1 percent stake in joint venture for $1.1 billion from U.S.-based Alcoa

Transaction consideration comprises approximately 86 million shares of Ma’aden worth ​$950 million and $150 million in cash

Saudi Arabia’s annual inflation rate stands at 1.6 percent in August 2024, highlighting economic robustness

This stability positions Saudi Arabia's inflation rate among the most dependable globally

S&P affirms Saudi Arabia’s A/A-1 credit rating, citing reforms and non-oil growth

The agency noted that the Kingdom’s outlook improved to ‘positive'

Cityscape Global 2024: Discover the Future of Living in Saudi Arabia

This year’s edition will see the premier real estate event introduce new halls and features

Safeguarding the digital future of Saudi Arabia

Cybersecurity is emerging as a linchpin in country’s Vision 2030 agenda

How the UAE and KSA are shaping the future of gaming and esports

Thanks to visionary leadership, cutting-edge infrastructure, and a focus on talent development

Saudi Arabia’s grocery opportunity

Disruption, differentiation and digitization make Saudi Arabia’s grocery sector one of the world’s most exciting — and ripe for change

EFG Hermes KSA: Banking on opportunities in Saudi Vision 2030 and beyond

Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom

Is the future of Saudi Arabia’s retail sector experiential?

Retail market is predicted to grow to $159 billion in 2024

Supporting the next generation of private markets professionals in Saudi Arabia

Saudi Arabia seeks to grow private markets by expanding its skilled professional pool

Picking the who and the why in the GCC’s key growth sectors

Opportunities in retail, local manufacturing, entertainment, and tourism

Vision 2030 projects to propel Saudi Arabia’s non-oil GDP share: S&P

S&P expects Saudi Arabia's oil GDP to decrease to 24-26 of total GDP by the end of 2030

Qatar Airways resumes flights to Saudi Arabia’s Abha, expands NEOM services

The airline will launch two weekly flights to Abha International Airport starting January 2, 2025

Saudi Arabia’s debt capital market grows 18 percent to $407.7 billion in H1 2024, says Fitch

Saudi sukuk and the bond market will likely cross $500 billion outstanding over the next couple of years

Saudi Arabia’s data, AI authority partners with Microsoft to advance innovation in GenAI

Partnership seeks to build national AI capabilities through various joint programs

Saudi Aramco announces agreements with key Chinese partners

Aramco's agreement with Hengli Group enables talks for a potential 10 percent stake acquisition

Saudi Industrial Production Index rises 1.6 percent in July 2024

The manufacturing sub-index rose by 4.6 percent year-on-year

Saudi Aramco signs MoUs to collaborate on advanced AI, supercomputing solutions 

Aramco has also launched initiatives to enhance advanced digital solutions in its operations 

Saudi Arabia’s Citizen Account deposits $906.2 million into 10.8 eligible beneficiaries’ accounts in September

Deposits will continue until today end of day, and beneficiaries can check their amounts in the program's app

Microsoft and partners to generate $24 billion in Saudi Arabia over next four years, says IDC study

Microsoft’s partner ecosystem will earn roughly $8 for every $1 of revenue generated by Microsoft’s cloud services

Saudi private sector employment surges to over 11.5 million workers in August 2024

The number of residents employed in the private sector stood at 9,202,580, with 8,812,758 men and 389,822 women