Economy Middle East

Saudi Arabia

Saudi Arabia explores local aircraft manufacturing partnership with Airbus
Industry

Saudi Arabia explores local aircraft manufacturing partnership with Airbus

Alkhorayef affirmed Kingdom's readiness to address Airbus's supply chain challenges by leveraging its vast mineral resources

Saudi Arabia leads MENA IPO market as proceeds reach $2.4 billion with 106 percent YoY growth
Markets

Saudi Arabia leads MENA IPO market as proceeds reach $2.4 billion with 106 percent YoY growth

Saudi Arabia recorded 12 out of 14 listings in the MENA region during this quarter

Saudi Arabia, U.S. to sign landmark mining pact advancing Vision 2030
Industry

Saudi Arabia, U.S. to sign landmark mining pact advancing Vision 2030

HRH Saudi Crown Prince Mohammed bin Salman chaired a Cabinet session highlighting this crucial partnership initiative

Saudi Arabia’s total revenues hit $70.3 billion in Q1 2025 amid strong commitment to economic vision
Banking & Finance

Saudi Arabia’s total revenues hit $70.3 billion in Q1 2025 amid strong commitment to economic vision

Kingdom’s oil revenues generated $39.94 billion during the quarter

14 MENA IPOs raise $2.4 billion in Q1 2025, proceeds surge 106 percent
Markets

14 MENA IPOs raise $2.4 billion in Q1 2025, proceeds surge 106 percent

Saudi Arabia's Umm Al Qura for Development & Construction led the quarter with the highest proceeds

Saudi flynas plans IPO with 51.26 million ordinary shares, 30 percent of total capital
Logistics

Saudi flynas plans IPO with 51.26 million ordinary shares, 30 percent of total capital

IPO will include 33.83 million existing shares sold by current shareholders and treasury stock 

MENA startup funding grows 300 percent to $228.4 million in April 2025
Banking & Finance

MENA startup funding grows 300 percent to $228.4 million in April 2025

Saudi Arabia led MENA startup funding during the month, attracting $158.5 million across eight deals

Saudi Arabia’s residential real estate poised for growth amid government initiatives, heightened demand
Real Estate

Saudi Arabia’s residential real estate poised for growth amid government initiatives, heightened demand

Affordability challenges arise amid record mortgage growth and new regulations 

Saudi Arabia leads MENA in digital government services maturity with 96 percent rate in 2024
Saudi Arabia

Saudi Arabia leads MENA in digital government services maturity with 96 percent rate in 2024

The country advanced from fourth place in 2020 to first in 2024 with remarkable strides

Saudi Arabia launches 6 major initiatives at GOSH7 to improve workplace standards
Economy

Saudi Arabia launches 6 major initiatives at GOSH7 to improve workplace standards

Al-Rajhi reaffirmed Saudi Arabia's commitment to protecting people and ensuring safe work environments according to the highest standards

Saudi Arabia non-oil sector employment climbs, reflecting continued growth momentum
Economy

Saudi Arabia non-oil sector employment climbs, reflecting continued growth momentum

Saudi Arabia's economy grew 2.7 percent in Q1, driven by non-oil sector activities and diversification

Oil prices drop over $2 as OPEC+ agrees to increase production by 411,000 barrels
Energy

Oil prices drop over $2 as OPEC+ agrees to increase production by 411,000 barrels

Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions