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Saudi Arabia
Economy
Saudi Arabia, France form strategic partnership council to bolster cooperation in key sectors
FDI flows from France to Saudi Arabia amounted to more than SAR11.2 billion in 2023
Energy
Saudi Arabia’s Aramco acquires 10 percent stake in Horse Powertrain Limited
Renault Group and Geely will each retain a 45 percent stake in the company
Economy
Saudi Arabia, World Bank partner to establish global knowledge hub in Riyadh
The K-Hub will focus on two primary areas: competitiveness and diversification
Bahrain
World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026
UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth
Economy
UAE National Day: Historical bond with Saudi Arabia rooted in unity, shared vision
The Saudi Crown Prince's visit to the UAE emphasizes commitment to collaboration on regional and international issues amid global challenges
MENA
UAE President, Saudi Crown Prince meet to discuss close bilateral ties
The Crown Prince congratulated the UAE President on 53rd Eid Al Etihad
Economy
Saudi Arabia’s expenditure on research and development surges by 17.4 percent to $6 billion
The workforce in the R&D field increased by 12.2 percent, bringing the total number of employees to 49,337
Banking & Finance
EFG Hermes advises on Maarif Education’s landmark acquisition of Ibn Khaldoun Education in Saudi Arabia
This complex transaction stands as one of the most substantial investments to date in Saudi Arabia’s private K-12 education sector
Hospitality & Tourism
Saudi Arabia sees 27 percent surge in incoming tourists over 9 months, says tourism minister
By the end of 2023, tourism contributed 5 percent to GDP, with a goal of reaching 10 percent by 2030
Economy
Saudi Arabia attracts 2.5 million tourists to 80 global sporting events
Vision 2030 seeks to increase the sporting sector’s contribution to the Kingdom's GDP to $4.8 billion by 2030
Economy
Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister
Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025
Hospitality & Tourism
AROYA Cruises redefines luxury travel in Saudi Arabia with inaugural voyage on December 16
It features 1678 cabins, 20 entertainment outlets, 29 restaurants and bars, and the highest shopping mall coverage of any cruise line in the world
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