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Saudi Arabia
Economy
Surge in new orders to five-month high drives growth in Saudi Arabia’s non-oil private sector
PMI recorded 57.5 in November
Banking & Finance
Saudi Arabia offers 30-year exemption from corporate income tax for regional HQs in Riyadh
200+ companies already attracted to relocate headquarters to the Kingdom
Energy
Putin visits UAE, Saudi Arabia today, oil key in talks
Russia to tighten oil restrictions in early December
Economy
A hub for economic sustainability: Substantial economic growth at the half-way mark to Vision 2030
Non-oil revenue and female labor force participation saw robust results
Markets
Oil prices decline amid rising U.S. crude inventories, record production
Saudi expected to extend supply cuts
Logistics
Saudi’s THC expands fleet, announces new purchase at Dubai Airshow
Delivery of H125 aircraft modified for aerial operations also completed
Economy
Upskilling Saudi youth for success in a diversifying economy
Red Sea Global executive highlights need to cultivate the leaders of tomorrow
Hospitality & Tourism
General Manager Hans Schiller: Hilton Riyadh promises sustainability and exceptional guest experiences
Committed to reducing carbon footprint and supporting Saudi’s tourism industry
Economy
$350 million to support developing countries in Riyadh Expo 2030
Kingdom is committed to providing equal opportunities to all participating countries
Saudi Arabia
Saudi fostering AI excellence by launching International Center for Research and Ethics
Center aims to enhance competencies, develop legislative frameworks in the AI field
Saudi Arabia
Saudi telecommunications companies record profits of $1.5 billion
Driven by increase in subscriptions and digital bank initiatives
Industry
Saudi raises mining sector’s GDP contribution target to $80 bn
Kingdom to host the Future Minerals Forum in January, 2024
Economy
Saudi-African summit kicks off today with multi-million dollar development projects for Africa
$20 bn trade turnover recorded in 2023
Economy
Saudi boosts bid to become region’s corporate hub
More than 180 companies granted licenses to operate in the kingdom
Economy
Saudi foreign direct investment flows have doubled since 2015
Kingdom’s FDI balance reaches $207 billion
Markets
Oil prices slide to 3-month low amid weakening demand from U.S. and China
Market focus shifted to supply-demand balance as Middle East concerns ease
Banking & Finance
GCC seals 128 mergers and acquisitions so far this year
UAE and Saudi emerge as key players
Economy
Saudi launches ‘Visiting Investor’ visa to attract investments
The kingdom expands its e-visa program under Saudi Vision 2030
Economy
Saudi non-oil sector records highest employment rate since 2014
Strong demand for production led to increase in employee numbers
Banking & Finance
Saudi Fund’s contribution to Oman’s economy exceeds SAR11 bn over 46 years
Funding implemented across key sectors including water, energy and infrastructure
Saudi Arabia
Saudi rises to second spot in G20, 4th globally for digital readiness
Driven by regulatory reforms, strong digital foundations
Real Estate
Saudi construction activity at the forefront in Middle East and Africa
Middle East and Africa record a reading of +34 in Q3 2023
Saudi Arabia
stc Group, Red Sea Global forge strategic alliance to drive digital transformation of Red Sea tourism
Strategic partnership Offers latest communication technologies at tourist sites on Red Sea coast
Saudi Arabia
How does Saudi Arabia protect its cyber information?
Kingdom ranks second on the Global Cybersecurity Index
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