Saudi Arabia

Saudi Arabia’s debt market doubles in value to $213.12 billion since 2019

The debt market remains under 20 percent of the Saudi economy, offering significant room for further development

OPEC+ members extend voluntary output cuts for two more months as oil prices slump

Overall, OPEC+ is cutting output by 5.86 million barrels per day, about 5.7 percent of global demand

Saudi Arabia cancels hotel licensing fees to boost tourism investment 

This change, effective September 4, aims to position the Kingdom as a global tourism leader

GCC markets’ net foreign inflows cross $50 billion for first time in August: Report

In August, GCC equity markets saw strong net foreign inflows of $892 million

Sharjah’s SEWA inks water project deal with Saudi Arabia’s ACWA Power

Project to meet the demand for potable water for 1.4 million people

Saudi Arabia and Türkiye central banks sign MoU to enhance economic cooperation, financial stability 

The central banks will share expertise and resources to address challenges and boost economic development

Italy’s Saipem secures $1 billion in two major offshore contracts with Saudi Aramco

Saipem will be responsible for the EPCI three production deck modules, 33 km of subsea pipelines, and 34 km of power cables

flynas launches inaugural flight at Zayed International Airport, linking Saudi Arabia and UAE with affordable travel

This new route will benefit business and leisure travelers, boosting tourism and trade between the two countries

Qatar cultural events in September: New attractions, events, performances and concerts

Qatar recorded 2.6 million visitors, with a notable 43 percent coming from GCC countries during the first six months of 2024

STC Bank becomes founding partner of Saudi Arabia’s 24 Fintech event

During its participation at 24 Fintech, STC Bank will showcase its offerings and services

Saudi Arabia-GCC non-oil trade balance exceeds $1.8 billion in Q2 2024

The UAE led with exports valued at SAR15.070 billion, approximately 61.8 percent of total Saudi non-oil commodity trade among GCC countries

Sharjah Airport welcomes first flights of Saudi Arabia’s flynas, boosting international connectivity in the UAE

flynas will operate seven weekly flights from Jeddah and two from Madinah to Sharjah Airport, using Boeing 737s