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Saudi Arabia
Banking & Finance
What Trump’s sovereign wealth fund means for TikTok
Trump proposed a sovereign wealth fund to address American security and user privacy concerns
Saudi Arabia
LEAP 2025: Inaugural Tech Arena to offer ‘Live TV’ platform for next-gen innovations
Tech Arena will offer first look at next-gen design couture, medical tech, robots, AI and more
Economy
Saudi Arabia’s non-oil economy records best performance since 2014 in January, says PMI
Saudi Arabia witnessed a rise in export sales, which was another factor behind the sharp increase in total new orders
Real Estate
Red Sea Residences: Investors, residents can now own homes in the The Red Sea
First development under Red Sea Residences revealed to date is located on the Shura Island
Economy
Saudi Arabia’s real GDP sees 4.4 percent growth in Q4 2024, highest in two years
In 2024, Saudi Arabia’s economy rebounded, with real GDP increasing by 1.3 percent year-over-year
Qatar
Qatar’s Ooredoo Group to build submarine cable connecting seven GCC countries
The FIG project will provide GCC nations a secure, low-latency route connecting Europe with 720Tbps capacity
Miscellaneous
INTERPOL to establish MENA regional office in Saudi Arabia
The signing followed a meeting where Prince Abdulaziz and the INTERPOL president discussed mutual interests
Banking & Finance
STC Bank to launch full banking operations in Saudi Arabia: SAMA
STC Bank will provide several financial products and solutions that will contribute to elevating banking services
Banking & Finance
EFG Hermes achieves top position in MENA Equity Capital Markets for 2024 through market-leading executions
EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings
Industry
Saudi Arabia’s maritime transport sector achieves 6.4 percent growth, 20th global ranking in 2024
The authority emphasized the crucial role of over 2,000 certified Saudi seafarers in advancing the sector
Banking & Finance
Saudi Arabia’s PIF announces pricing of $4 billion bond offering
Offering was four times oversubscribed, with an order book of approximately $16 billion
Logistics
Dream of the Desert: Unveiling Saudi Arabia’s first five-star luxury train
The train features 14 carriages with 34 luxury suites for an exclusive traveler experience
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