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Saudi Arabia
Saudi Arabia
stc Group records $19.28 billion in revenues for 2023
The Group reported $3.6 billion in net profits
Economy
Saudi Arabia’s strategic reforms propel it to top spots in Kearney’s Global Retail Development Index
This positive development reflects the Kingdom's strategic shift away from oil dependence
Markets
Saudi Arabia’s Aramco plans bond issuance in 2024
Aramco will now be able to capitalize on recent declines in global interest rates
Economy
Saudi Arabia’s Regional Headquarters Program: What you should know
Benefits include a 30-year tax break
Logistics
Saudi Arabia’s PIF acquires 40 percent stake in Zamil Offshore Services Company
The investment aims to enhance the financial resources of Zamil Offshore
Logistics
Road Quality Index: Saudi Arabia surges to 4th position among G20 nations
The WEF report showcases a substantial leap in the Kingdom's RQI, rising from 5.2 to 5.7
Saudi Arabia
LEAP 2024: Saudi Arabia to host 3rd edition of tech event in March
LEAP 2024 is set to welcome more than 1,800 global tech exhibitors.
Hospitality & Tourism
NEOM and MDLBeast launch mega beach club on $500 billion Sindalah Island project
Mega project launches first destination amidst ambitious transformation plans
Logistics
Saudi Arabia launches $373 million road projects in Makkah
Improving transportation network and serving pilgrims
Qatar
Qatar’s Islamic fintech market set to grow to $4 billion by 2027: Report
Qatar is home to 24 of the 417 identified Islamic fintech firms globally.
MENA
Alibaba forges strategic partnerships with local Gulf companies
Chinese E-commerce giant strengthening ties with Saudi Arabia and the UAE
Banking & Finance
Saudi Arabia’s 2023 budget generates $322.6 billion in revenues
Non-oil revenues in 2023 surged by 11 percent YoY
Markets
Saudi Arabia closes February sukuk issuance at $2.09 billion
Issuance was divided into three tranches
Saudi Arabia
Four Saudi cities ranked in the ‘Smart Cities Index’ in 2023
Kingdom aims for 10 Saudi cities in top 50 global rankings
Hospitality & Tourism
Red Sea Global secures $533 mn financing deal for luxury hotel on Shura Island
Investment bolsters Saudi Arabia's tourism sector, supports Vision 2030
Logistics
Boeing confirms establishing regional HQ in Saudi Arabia
Move reflects Saudi Arabia's growing influence in aviation sector
Logistics
SAR records over 10 percent growth in cargo transport in 2023
Partnership agreements forge path for enhanced logistics and industrial development
Saudi Arabia
stc Group partners with iBASIS to boost IoT connectivity in MENA
Enhancing global communication and driving digital transformation in the region
Economy
PIF Private Sector Forum strengthens economic vision through strategic partnerships
Event concludes with commitment to Saudization and private sector empowerment
Hospitality & Tourism
Diriyah project attracts $6 billion in private sector investments
Company to break ground on 11 new assets by the end of 2024
Hospitality & Tourism
Xaynor: A luxurious beachfront retreat in NEOM
An exclusive getaway on the pristine Gulf of Aqaba coastline
Hospitality & Tourism
Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Deals were signed during PIF Private Sector Forum
Saudi Arabia
PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content
Agreements align with the objectives outlined in Vision 2030
Markets
Saudi Arabia’s traded shares exceed $52 billion in January
Despite global uncertainties, Saudi stock indexes reflect stability and growth
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