Saudi Arabia

GCC’s aviation sector soars as a key economic driver 

Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy

UAE IPOs surge in Q2 2024, raising $890 million: Report

Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2

Resilient MENA IPO market generates $2.64 billion in Q2 2024, set for strong remainder of year: Report

Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds

Abu Dhabi’s TAQA reports 12.3 percent rise in net income to $1.2 billion in H1 2024

TAQA's revenues rose 2 percent annually to AED27.2 billion mainly due to the contribution from SWS Holding

Emirates to launch retrofitted Boeing 777s to Zurich, Riyadh starting October 1

So far, 25 aircraft have been retrofitted, with 17 more to undergo the upgrade by December 2024

Saudi Arabia boosts FDI landscape with new investment law updates

Saudi Arabia's FDI inflows rose by 158 percent, from $7.46 billion in 2017 to $19.3 billion in 2023

Arab stock exchanges exceed market cap of $4.17 trillion in H1 2024: AMF

Fed's decision to hold rates for the seventh time impacted performance of global financial markets and Arab stock exchanges

Saudi Arabia’s Dammam port sets record with 20,645 containers handled on single ship

In May 2024, the port set a new container throughput record of 292,612 TEUs

Saudi Arabia tackles e-waste with 100,000 devices recycled, minimizing environmental footprint

This is part of the Kingdom's strategy to build a sustainable digital future optimizing resource use

Major revisions to Saudi Arabia’s labor law aim to foster job stability, prioritize employee rights

The new revisions encompass 38 articles, removing seven articles, and adding two new articles to the law