Saudi Arabia

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

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

Saudi Crown Prince and Egyptian Prime Minister discuss bilateral relations, aspects of cooperation

Several prominent figures from both sides were in attendance at the meeting 

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

Decoding global economic growth dynamics: A conversation with EFG Hermes Research expert

Mohamed Abu Basha shares insights on growth, interest rates, trends and opportunities

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

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

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 Ma’aden worth ​$950 million and $150 million in cash

Saudi Arabia’s 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

S&P affirms Saudi Arabia’s A/A-1 credit rating, citing reforms and non-oil growth

The agency noted that the Kingdom’s outlook improved to ‘positive'

Saudi Arabia: On track to a diversified future

Country has been doubling down on strategic investments, sweeping reforms, and bold initiatives across multiple sectors

Saudi Arabia cuts oil use in power generation despite higher demand

Country burned 1.006 million bpd directly to generate electricity from January to June 2024