Saudi Arabia

GCC companies raise $3.6 billion from 23 IPOs in H1 of 2024: Report

The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds

Saudi central bank launches new digital platform for streamlining government financial transactions

This initiative is part of SAMA's strategy to provide banking services to government agencies and support digital development

Saudi Arabia launches Carbon Capture and Utilization Challenge with UpLink

This challenge aims to seek innovative solutions that accelerate the circular carbon economy

Saudi Arabia’s airports see 17 percent rise in passenger numbers to 62 million in H1 2024

Number of flights saw a 12 percent increase to 446,000 in the first half of the year

Saudia Group expands domestic network with eight new daily flights to Abha

Saudia has increased its daily flights to Abha from 14 to 19, marking a notable 35.71 percent growth

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

Saudi Arabia’s Diriyah Company signs $2 billion development contract to develop new mixed-use district

The project involves the construction of advanced educational institutions, cultural venues, modern offices, and a luxury hotel

Saudi Arabia reveals designs for world’s tallest sports tower in Riyadh

The tower stands tall at 130 meters, encompassing 84,000 sqm of world-class facilities

GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report

The GCC region already boasts some of the world's most modern airports

Emirates inaugurates $5.4 million lounge at Jeddah’s King Abdulaziz International Airport

Emirates' 900-square-meter lounge is located in the airport’s newest Terminal 1

Saudi Aramco exercises greenshoe option, raises $12.35 billion from share sale

By exercising the greenshoe option, Aramco raised an additional $1 billion from the listing