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King Salman Stadium: Saudi Arabia’s 92,000-seat sports arena to be one of the world’s largest
Stadium to feature royal box with 150 seats, 120 hospitality suites, 300 VIP seats, and 2,200 seats for dignitaries
Saudi Arabia
Five Saudi cities shine on IMD Smart City Index 2024: Report
Smart cities in the Kingdom have relied on AI and IoT technologies to enhance quality of life
Economy
Arab Monetary Fund optimistic about UAE’s economic outlook, forecasts 6.2 percent growth in 2025
The report noted strong performance in the fuel and tourism sectors
Hospitality & Tourism
Saudi Arabia’s NEOM awarded $27.7 million cement supply deal with Al Jouf, Webuild
The contract duration is 41 months from the date of signing and is subject to increased quantities
Banking & Finance
Türkiye terminates $5 billion deposit with Saudi Arabia to reduce external debt
The $5 billion deposit was made by Saudi Arabia before Türkiye's presidential and parliamentary elections last year
Saudi Arabia
stc Group net profit rises 7.73 percent to $1.76 billion in H1 2024, revenues up 4.79 percent
The group attributes this growth in revenues to the increase in stc KSA’s revenues by 0.6 percent
Saudi Arabia
Saudi Aramco’s Wa’ed Ventures invests $15 million in South Korean AI chipmaker Rebellions
Funding to accelerate company's expansion in Saudi Arabia and the development of AI chips globally
Hospitality & Tourism
New luxury resort slated to debut in Saudi giga-project NEOM
The resort will include a long, bridge-like structure that spans 450 meters and is suspended 40 meters above a lagoon
Economy
IMF maintains global GDP growth forecast at 3.2 percent for 2024
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
Logistics
flynas receives 53rd aircraft from its order of 120 Airbus A320neo planes
Fleet expansion falls in line with Saudi Arabia's National Civil Aviation Strategy
Economy
Saudi Arabia’s annual inflation rate rises to 1.5 percent in June 2024: GASTAT
Food and beverage prices increased by 1.1 percent, driven by a 6.5 percent rise in vegetable prices
Markets
Top 5 GCC IPOs by proceeds during H1 of 2024
GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024
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