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Saudi Arabia
Hospitality & Tourism
Saudi PIF to acquire $412 mn stake in local tourism firm “Almosafer”
Almosafer aims to use the investment to fund its growth and expansion plans
Saudi Arabia
Second Global AI Summit kicks off in Riyadh
Summit covering all aspects of AI, ways to benefit from AI technologies
Industry
Saudi announces 3 projects in iron, steel sector worth $9 bn
"Saudi priorities include localizing steel products of all types"
Logistics
Saudi plans to launch global initiative to attract supply chain companies
Initiative to also focus on forging partnerships with manufacturers from private sector
Health
Healthcare among most attractive investment sectors in Saudi
Saudi driving structural changes in the sector
Op-eds
4 key questions to ask before setting up business in Saudi
Businesses should embrace rapidly changing “Saudization” initiatives
Industry
Saudi issues 30 new industrial licences worth SAR 973 mn in July
Existing, under-construction factories in Saudi reached 10,685 in July
Real Estate
Saudi’s Amaala inks more than 300 deals valued at $ 1.7 bn
Project expected to contribute SAR 11 bn to the country’s GDP
Logistics
Saudi unveils high levels of food self-sufficiency
Agricultural crop production increased to 4.77 mn tons
Energy
Saudi Energy Minister: “OPEC +” is vigilant… and ready to use all tools
Economic stagnation is not a condition for decline in oil demand
Banking & Finance
Al-Jadaan at the opening of Euromoney: Saudi economy emerged stronger than ever
"We are committed to carry out vision programs, broaden economic base"
Economy
Saudi GDP up 12.2% in Q2, highest since 2011
Economic growth is due to the significant increase in oil activities
Economy
Saudi economic diversification towards an oil-independent financial future
“The Fund”: a decrease of about 20% in the direct share of oil in the GDP
Banking & Finance
Saudi’s SAMA to soon appoint a crypto official
To boost digital ambitions
Hospitality & Tourism
New Saudi national carrier ‘RIA’ to launch with $30 bn investments
As part of country’s $100 bln bet on tourism
Banking & Finance
A&M: Aggregate Q2 net profit of top 10 Saudi banks rises 2.7%
On interest income growth
Economy
Saudi non-oil sector purchases at highest level in 7 years
Total new orders rose at the fastest pace since October
Real Estate
PIF launches National Real Estate Registration Services Company
To promote digital transformation in the real-estate sector
Hospitality & Tourism
Saudi eases tourist visas for GCC residents
And Schengen visa holders
Saudi Arabia
Saudi’s stc shareholders approve 150% capital hike to SAR 50 bn
Largest capital increase for listed company in Saudi stock market
Saudi Arabia
The ICT sector in Saudi may reach $53 bln in 2025
stc: "Today, we have reached 70% Saudisation rate"
Economy
Saudi is fastest growing major economy globally
Kingdom quickly recovered from pandemic-induced recession
Banking & Finance
Saudi Central Bank assets climb to $533bn in July
Amid continued economic recovery
Real Estate
Saudi Prince of the Eastern Province inaugurates housing projects in Qatif
Investments of NHC in the Eastern Province exceed SAR20 bln
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