Saudi Arabia

Saudi Arabia’s real estate price index rises 2.6 percent in Q3 2024, fueled by residential and commercial growth

The residential sector was the main contributor to this overall increase, experiencing a 1.6 percent annual growth

NEOM opens Sindalah: A new luxury travel destination in the Red Sea

Set to welcome up to 2,400 guests per day by 2028, the unique island will generate around 3,500 jobs

Seamless Saudi Arabia 2024: Mastercard’s new infrastructure aims to support a secure digital payments ecosystem in Kingdom

This infrastructure and tailored services will enable secure, efficient processing of local ecommerce transactions

Saudi Arabia’s Crown Prince Mohammed bin Salman meets King of Jordan to enhance cooperation

The meeting also saw the participation of Crown Prince Al-Hussein bin Abdullah II

Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions

Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre

Global oil demand to reach over 100 million barrels per day by 2050: Saudi Aramco

CEO noted that Asia's energy transition is lagging, marked by less equity and greater complexity than expected 

Seven GCC IPOs raise $1.7 billion in Q3 2024, UAE leads growth with $1.1 billion

Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings

Saudi flynas partners with VCM on carbon offsetting, environmental protection, and sustainability

The deal supports the Kingdom's climate ambitions to achieve net zero emissions

Saudi Aramco CEO advocates for revised energy transition plan addressing Asia’s needs

Nasser noted that Asia and the Global South are often overlooked in transition plans, impacting the world 

Saudi Arabia’s PIF launches Sarcc to meet growing staff accommodation demand

Company will foster the Saudi private sector by enabling long-term investment and partnership along the industry's value chain

Middle East sustainable bond issuances hit $16.7 billion in first nine months of 2024: S&P

Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year