Saudi Arabia

Dealmaking potential soars in the Middle East in 2024: Report

Robust M&A activity in the region with economic diversification driving growth

Top performing airports in Saudi Arabia highlighted in GACA report

King Abdulaziz International Airport secured the top spot with a 91 percent compliance rate

Saudi Arabia’s Mawani introduces ‘GALEX’ shipping service at King Abdulaziz Port in Dammam

This service aims to strengthen the maritime connections between Saudi Arabia and East Asia

Saudi Arabia, Bahrain strengthen collaboration in transportation and road maintenance

The agreements seek knowledge sharing and the organization of training programs and seminars

Oil to retain significant role in energy markets for decades, affirms OPEC Secretary General

Al-Ghais highlighted that calls to abandon oil were "wrong" and "unrealistic"

Saudi Arabia’s Qiddiya set to construct world’s first ‘Dragon Ball’ theme park

The park features more than 30 exciting attractions, including five state-of-the-art rides

Saudi Arabia’s airports excel in complaint resolution: GACA reports near-perfect performance in February

King Khalid International Airport topped international terminals with over 6 million passengers annually

Saudi Arabia’s shipping services receive high marks on U.N. maritime connectivity index

The recent evaluation demonstrates a 30 percent increase since launch of Vision 2030 initiative in January 2016

Saudi Arabia’s Jeddah Islamic Port to establish $46.6 million integrated logistics zone

The new zone will boost port efficiency, improve commercial flow, and strengthen supply chains

Bahrain’s February exports soar by 17 percent to $891.57 million

Regarding imports, the value increased by 9 percent to $1.2 billion in February 2024

Saudi Arabia closes March issuance of sukuk program at $1.17 billion

To cater to investors with different investment horizons, the issuance has been divided into three tranches

Saudi Cabinet greenlights agreement for setting up IMF regional office in Riyadh

The initiative seeks to enhance the presence and collaborative efforts of the IMF with Arab institutions

EFG Hermes concludes advisory on Cenomi retail’s sale of a portfolio of fashion brands to Abdullah Al-Othaim Fashion

In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company

Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia

Modern Gas generated revenues of $55.2 million in 2023

Saudi Arabia’s crude exports dip 0.2 percent in January

OPEC+ extends output cuts amid market dynamics and global demand predictions

Telcos in the GCC embrace technology for revenue diversification: Report

The revenue contribution from non-telecom operations will not have immediate impact on ratings, as per the report

Saudi Arabia’s mineral wealth estimated at $2.4 trillion

Exploitation licenses in the Kingdoms mining sector soared by 138 percent

Oil prices hold near four-and-a-half month high on reduced exports, market caution

Surging prices fueled by refinery activity, China demand, and Middle East disruptions

Saudi Arabia’s tourism sector attracts $13 billion in investments, eyes $85 billion in revenue

Kingdom positions itself as a premier travel destination with ambitious growth plans

Economic and social reforms bolster Saudi Arabia’s stable credit ratings: Report

The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth

Non-oil economic growth in Bahrain is projected to remain stable at 3.2 percent

Saudi Arabia’s non-oil economy reaches 50 percent of real GDP

Private investment and robust exports drive record-breaking expansion