Saudi Arabia

PIF invests $200 million in first globally listed Saudi ETF

This move is anticipated to further enrich the Saudi market.

flynas expands Africa network, celebrates first direct flight between Jeddah and Djibouti

Airline started operating three weekly flights between Jeddah and Djibouti, further expanding travel options to and from Africa

Saudi Arabia advances coastal tourism growth with key initiatives in 2024

Authority introduced the first-ever regulatory framework for Saudi yachts in 2024

Saudi Arabia leads MENA’s VC landscape with $750 million funding in 2024

Saudi Arabia set a new record with 178 VC deals last year, solidifying its position as the region's largest economy

Saudi Arabia’s Nice One debuts strong: $320 million IPO soars 30 percent

Shares of the online cosmetics retailer soared to as high as SAR45.5 ($12.1) each

Saudi Arabia’s domestic tourism flourishes in 2024 with 44 percent growth in bookings

While iconic cities such as Makkah, Riyadh and Madinah remain central tourism hubs, emerging destinations are becoming increasingly popular 

Saudi Arabia issues $12 billion triple-tranche bond, oversubscribed by three times

The total order book reached around $37 billion, which equals an oversubscription of 3 times

Saudi Arabia’s Q4 2024 sees 67 percent rise in commercial registrations, surpassing 160,000

This increase showcases notable growth and advancement in the Kingdom's commercial environment

Saudi Arabia’s GASTAT launches new micro data center for accurate statistical data access

The initiative aims to empower decision-makers through data-driven insights

Diriyah Company launches $310 million substations to power future development

Diriyah and Wadi Safar electricity substations will be operated by Saudi Electricity Company