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Smart cities in the Kingdom have relied on AI and IoT technologies to enhance quality of life
The report noted strong performance in the fuel and tourism sectors
The contract duration is 41 months from the date of signing and is subject to increased quantities
The $5 billion deposit was made by Saudi Arabia before Türkiye's presidential and parliamentary elections last year
The group attributes this growth in revenues to the increase in stc KSA’s revenues by 0.6 percent
Funding to accelerate company's expansion in Saudi Arabia and the development of AI chips globally
The resort will include a long, bridge-like structure that spans 450 meters and is suspended 40 meters above a lagoon
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
Fleet expansion falls in line with Saudi Arabia's National Civil Aviation Strategy
Food and beverage prices increased by 1.1 percent, driven by a 6.5 percent rise in vegetable prices
GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024
The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds
This initiative is part of SAMA's strategy to provide banking services to government agencies and support digital development
BNPL services are outpacing credit cards in the region
This challenge aims to seek innovative solutions that accelerate the circular carbon economy
Number of flights saw a 12 percent increase to 446,000 in the first half of the year
Saudia has increased its daily flights to Abha from 14 to 19, marking a notable 35.71 percent growth
Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022
Remittances sent abroad by the Kingdom's nationals also rose by 6 percent during this period, totaling $1.64 billion
The project involves the construction of advanced educational institutions, cultural venues, modern offices, and a luxury hotel
The tower stands tall at 130 meters, encompassing 84,000 sqm of world-class facilities
The GCC region already boasts some of the world's most modern airports
Emirates' 900-square-meter lounge is located in the airport’s newest Terminal 1
By exercising the greenshoe option, Aramco raised an additional $1 billion from the listing
