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Saudi Arabia
Economy
Middle East set to achieve $75.6 billion in renewable energy investments: Report
These investments encompass 116 renewable energy are expected to become operational between 2025 and 2030
Economy
Saudi Arabia’s Crown Prince pledges $5 billion investment in Egypt through PIF
Saudi Arabia to provide additional facilities for companies operating in the new and renewable energy sector in Egypt
Bahrain
Saudi Maaden, Bahrain’s Alba ink non-binding deal to explore potential business merger
This collaboration aims to generate synergies that boost production, ESG performance, energy security, and shareholder value
Banking & Finance
Saudi-Egyptian investment protection deal to launch in two months, says PM Madbouly
The trade between Saudi Arabia and Egypt surpassed $33 billion during 2022 and 2023
Economy
Saudi Crown Prince and Egyptian Prime Minister discuss bilateral relations, aspects of cooperation
Several prominent figures from both sides were in attendance at the meetingĀ
Hospitality & Tourism
Saudi Arabia launches ‘Our Guests Are Our Priority’ campaign to improve hospitality standards compliance
The campaign's initial phase centers on media and awareness initiatives that engage various stakeholders in the tourism sector
Economy
Decoding global economic growth dynamics: A conversation with EFG Hermes Research expert
Mohamed Abu Basha shares insights on growth, interest rates, trends and opportunities
Banking & Finance
MENA private equity investments hit $5.9 billion in H1 2024: Report
Since 2020, private equity deal value has remained above $10 billion, supported by mega deals
Markets
Saudi Arabia’s Fourth Milling Company to raise $228.9 million from IPO
The price range for the IPO was set between SAR5 and SAR5.30 per share
Industry
Saudi Arabia’s Ma’aden acquires 25.1 percent stake in joint venture for $1.1 billion from U.S.-based Alcoa
Transaction consideration comprises approximately 86 million shares of Maāaden worth ā$950 million and $150 million in cash
Economy
Saudi Arabiaās annual inflation rate stands at 1.6 percent in August 2024, highlighting economic robustness
This stability positions Saudi Arabia's inflation rate among the most dependable globally
Economy
S&P affirms Saudi Arabiaās A/A-1 credit rating, citing reforms and non-oil growth
The agency noted that the Kingdomās outlook improved to āpositive'
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