Saudi Arabia

Cruise Saudi to develop exclusive private Red Sea island for cruise ship tourism

During the initial phase, the island will have the capacity to host up to 2,000 guests

Middle East is betting big on tech

The region's view of a tech-driven future is expanding, fueled by strong public-private synergy

Building resilience for growth: The role of insurance in Saudi Arabia’s historic construction boom

Combining traditional products and alternative risk transfer mechanisms with proactive risk management strategies is key to a thriving construction business

Are the BRICS gearing up to challenge the petrodollar?

De-dollarization gained momentum after the UAE and Saudi Arabia were invited to join the intergovernmental organization

Saudi Arabia-Egypt trade exchange surges 41 percent to $8 billion in H1 2024

Egyptian investments in Saudi Arabia amounted to around $4 billion, involving more than 3,000 companies

Saudi Arabia’s NEOM to build $186.4 million concrete factory for The Line

This advanced concrete facility will use carbon capture and energy-efficient solutions to support THE LINE's construction 

UAE’s Air Arabia reintroduces flights between Ras Al Khaimah and Jeddah

Starting December 15, 2024, the flights will operate three times a week on Tuesdays, Thursdays, and Sundays

Moody’s projects 5.5 percent growth for Saudi Arabia’s non-oil sector

The agency forecasts government spending will remain high at 30 to 32 percent of GDP over the next three years 

Saudia signs codeshare agreement with Delta, expands North America network

Saudia passengers will gain access to 12 destinations in the United States beyond Delta’s hubs at JFK and LAX airports

UAE, Saudi Arabia top Arab region with $32 billion in gross written premiums 

Global gross written premiums totaled about $6.78 trillion at the close of 2022

Saudi Arabia’s NEOM reveals first designs of Sindalah Yacht Club set to open soon

The club’s design showcases the richness of Italy's artistic heritage, with interiors that reflect the island's natural beauty

Red Sea Global, Marriott partner to launch The Ritz-Carlton in AMAALA

Set to open in 2025, the property will feature 391 guestrooms, with a mix of Marina Village, sea, and mountain views

Riyadh welcomes first refurbished Emirates Boeing 777

This newly upgraded aircraft will operate the daily EK 819/820 service, departing Dubai at 07:10 and arriving in Riyadh at 08:05

GCC sovereign wealth funds deploy $55 billion in first 9 months of 2024: Report

The region now has seven active stock exchanges that host 877 listed companies with an aggregate market capitalization of $4.3 trillion

Saudi Arabia announces pre-budget statement for FY 2025 with expenditures estimated at $346.95 billion, revenues at $319.68 billion

The Minister of Finance is confident in positive Saudi economic growth in 2025 and beyond, driven by reforms under Vision 2030

Saudi Arabia reports 23.4 percent rise in FDI net inflows to $3.12 billion in Q2 2024

Under Vision 2030, Saudi Arabia aims to attract $100 billion in FDI by the end of the decade

Mastercard, Amazon Payment Services to enable digital payment acceptance across Middle East and Africa

The payment service provider will use Mastercard Gateway for quick, seamless, and secure transactions in the region

Saudi Arabia sees 656 percent surge in leisure tourists, welcoming 4.2 million in early 2024

The Kingdom welcomed 17.5 million international tourists from January to July 2024

Job losses in travel and tourism hit 70 million with women and youth facing sharp declines: WTTC

The report highlights the travel and tourism industry's potential for inclusive growth and the urgent need for action

Saudi Crown Prince launches Riyadh Non-Profit Foundation to drive social development, foster Innovation

The Foundation's mission is to support institutional and social initiatives and boost research

Saudi Arabia engaging in high-level discussions with SpaceX to boost space exploration, infrastructure development

The meeting is part of the Kingdom's ongoing initiatives to advance its space sector and improve infrastructure

Saudi National Day: Kingdom commits to quality of life from unification to Vision 2030

Kingdom recalls the journey of development that began with unification by King Abdulaziz bin Abdulrahman Al Saud

Qatar’s sukuk issuances grow 122 percent to $500 million in H1 2024: Fitch

Qatar’s debt capital market reached about $130 billion outstanding at the end of H1 of 2024 with sukuk at 10 percent