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Saudi Arabia
Economy
“Capital Economics”: Saudi economy to witness 10% growth in 2022
The Kingdom announces a growth of 9.6% during Q1
Banking & Finance
Fitch Revises Outlook on PIF to Positive; Affirms at ‘A’
The fund's total assets at end-2020 were 47.1% of national GDP
Saudi Arabia
Saudi to launch first national strategy for IP rights
Saudi is experiencing a boom in trademarks and patent requests
Banking & Finance
A remarkable rise in net profits of Saudi banks in Q1
Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion
Banking & Finance
Fitch adjusts its outlook for Aramco to “positive”
“The company will maintain flexibility and continue to generate strong profits”
Energy
Saudi’s hydrogen production presents tremendous opportunities
Saudi is in a prime position to produce green and blue hydrogen
Industry
Saudi industrial activity witnesses remarkable rise
Number of factories in Saudi exceeded 10,000 factories
Logistics
Saudi’s oil export revenues surge by 78.1 percent in February
The value of exports amounted to 108.4 billion riyals
Real Estate
Mohammed bin Rashid announces housing package in Dubai worth 6.3 billion dirhams
Housing and social services projects are government priorities
Banking & Finance
Saudi’s new law may increase international business by 50%
Law ensures equal treatment for both Saudi, foreign investments
Markets
Saudi’s CMA’s revenues soar by 6% to SAR1.65 billion in 2021
21 total listings in 2021, with volume offerings amounting to SAR31 billion
Hospitality & Tourism
Saudi supports global tourism with $100 million
The first international fund dedicated to back the tourism sector
Saudi Arabia
Adoption of cloud services growing in Saudi
The majority of Saudi agree that multi-cloud is ideal
Banking & Finance
Saudi aims to increase SME’s non-oil exports
The new program to support SMEs through providing trade finance facilities
Energy
SABIC deepens its growth in the specialties market
The company completed the purchase of Scientific Design
Op-eds
Digital transformation: Inevitable, inescapable
Startups are the most agile and therefore best positioned for quick shifts
Economy
Fitch revises outlook on Saudi to positive; affirms at ‘A’
SAMA reserves to rebound above $500 billion in 2022-2023
Banking & Finance
Saudi expected to have a record year for M&As
GAC approves 88 percent of applications in Q1
Economy
Saudi PIF ranks 5th among world’s top SWFs
Assets valued at $620 billion
Industry
Saudi’s Industrial Production Index records a 3-year high
IPI grew by 22.3 percent in February
Real Estate
Riyadh tops Saudi’s Rent Index in March
Residential lease deals amounted to more than 139 thousand contracts
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
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