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Saudi Arabia
Saudi Arabia
LEAP 2024: KACST inks 13 partnership agreements to build semiconductor system
The deals also aims to establish centers of excellence for emerging technologies and future communications
Logistics
Saudi Arabia-Brazil business forum explores boosting partnerships
Bilateral trade between the two countries has reached $8 billion
Economy
Second phase of Saudization of licensed aviation professions launched
This phase will focus on pilots and flight attendants
Miscellaneous
Saudi Arabia’s PIF and ATP forge long-term strategic partnership to drive global tennis expansion
The fund will become the official naming partner of the ATP Rankings
Economy
Over 350 international investors to establish regional headquarters in Saudi Arabia
The minister highlighted a tenfold increase in international investment licenses in the Kingdom
Hospitality & Tourism
45 percent of tourism sector employees in Saudi Arabia are women, says vice tourism minister
A total of 925,000 individuals are currently employed in the tourism sector
Hospitality & Tourism
Saudi Arabia’s Tourism Development Fund set to transform Riyadh’s downtown
Collaboration marks a milestone in Riyadh's evolution in line with Vision 2030
Industry
With $2.5 trillion in mineral resources, Saudi Arabia set to become global mining hub
Saudi Arabia's Vision 2030 serves as the driving force behind the nation's strategic endeavors in the mining industry
Banking & Finance
ACWA Power net profit soars 8 percent to $443 million in 2023
The company’s board approved a dividend payment of SAR 329.0 million for 2023, payable in 2024
Banking & Finance
Saudi Central bank net foreign assets rise by $2 billion in January 2024
The net foreign assets increased to 419.17 billion
Logistics
Riyadh Air, Adobe partner to deliver personalized AI-driven travel experiences
Adobe's Experience Cloud to power airline's vision of personalized travel journeys
Red Sea National Academy launched to train next generation of tourism leaders
The academy aims to train 10,000 participants by 2030
Industry
Saudi Arabia launches strategy and academy to develop human capabilities in industry, mining
The new academy will offer direct training programs for professionals and graduates
Saudi Arabia
MWC 2024: Ericsson, stc Group’s iot squared sign MoU with aim to transform Saudi Arabia’s waste landscape
Digitizing waste flows to enable optimization, monetization of waste and recycled raw materials
Saudi Arabia
Saudi Arabia launches clean diesel, Euro-5 gasoline in local markets
The move solidifies the Kingdom's position as a leader in sustainable efforts within the Middle East and North Africa region
Economy
Saudi CEOs’ confidence in Kingdom’s economic growth, AI Impact reaches 89 percent: Report
GenAI predicted to boost product quality, competitiveness, and workplace efficiency
Hospitality & Tourism
Saudi Arabia welcomes over 100 million tourists in 2023, surpasses Vision 2030 targets
Saudi Arabia has led the G20 in international tourist growth rate in 2023
Energy
Saudi Aramco signs multiple supply deals worth $6 billion
The agreements are aimed at fostering localization and supply chain development
Miscellaneous
How UAE-based expats can get a Saudi visa
Know the process, cost and more
Economy
Moody’s affirms top credit ratings for key companies in Saudi Arabia
Ratings reaffirm financial resilience and strategic importance within national economy
Industry
Surge by 10 percent in Saudi Arabia’s industrial units, reaching 11,549 in 2023
The rise falls in line with the Kingdom’s plan to achieve target of 36,000 plants by 2035
Bahrain
Bahrain exports of national origin products reach $928.49 million in January
The total value of re-exports increased by 15 percent to reach $177.72 million
Saudi Arabia
Saudi Arabia forecasts $1.59 billion investment opportunities for environmental commitment projects by 2030
The cost of environmental degradation surpassed $22.93 billion
Miscellaneous
Riyadh Season 2023 draws in more than 72 million visitors globally
The initiative recorded over 6,000 licenses for 230 entertainment destinations
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