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Saudi Arabia
Saudi Arabia
LEAP 2024: stc Group showcases innovations in healthtech, smart city solutions and logistics
Utilizing 5G and artificial intelligence to transform vital sectors
Saudi Arabia
LEAP 2024: Ericsson, Mobily boost digital transformation with AI-powered managed services
The two companies extended the managed services partnership for another three years
Saudi Arabia
LEAP 2024: Ericsson and ACES partner to revolutionize indoor 5G connectivity in Saudi Arabia
The deal aims to create a neutral host ecosystem, allowing service providers to share infrastructure
Banking & Finance
LEAP 2024: Saudi Arabia bolsters tech hub leadership with $888 million in deals
Investment funds and funding rounds to support innovation and tech entrepreneurship
Logistics
Trade volume between Saudi Arabia, GCC countries surpasses $14.82 billion in Q4 2023
This reflects a significant increase of $1.69 billion compared to 2022
Miscellaneous
Qiddiya: New details revealed about Saudi Arabia’s F1 track
The new track will feature a 108-meter elevation difference across its 21 corners
Saudi Arabia
LEAP 2024: Saudi Arabia launches $120 million in venture funds to boost gaming, esports sector
The funds seek to promote local content development and drive industry impact in line with Vision 2030
Hospitality & Tourism
Saudi Arabia launches $11.2 billion tourism initiative, aims for 120,000 jobs
The new program aims to boost business and attract local and international investors
Saudi Arabia
LEAP 2024: Cisco to establish new regional HQ in Riyadh
The company also extended its country digitization program to support digital transformation
Saudi Arabia
LEAP 2024: Saudi Ministry of Media forges 4 agreements with global entities
The deals aim to develop training programs for media workers, focusing on AI and other technical fields
Economy
Saudi Arabia’s non-oil sector activity rises at the quickest rate in five months
Riyad Bank PMI shows encouraging signs despite lingering competitive pressures
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
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