Saudi Arabia

Saudi Aramco, China Sinopec announce Yasref petrochemicals complex expansion

This initiative aims to boost Yasref's capabilities and global standing in the petrochemical sector

Saudi PIF-backed Lucid Group secures $1.1 billion from convertible senior notes due 2030

The new issue is structured efficiently with PIF support from prepaid forward share purchase

Saudi Arabia achieves top global ranking in empowering women in AI sector: Report

The Kingdom ranked third in AI job growth for 2024 and fourth in leading AI models

World Bank commends Saudi Arabia for energy efficient desalination advancements

Operational efficiency comes from innovations like reverse osmosis membranes and energy recovery systems

Sports Investment Forum spotlights Saudi Arabia’s role in enabling sports as a sustainable economic contributor

Saudi Arabia's sports sector is expected to grow from $8 billion to $22.4 billion by 2030

UAE bonds and sukuk surge to $309.4 billion by Q1 2025, up 8.3 percent YoY

UAE's debt markets are growing, reflecting its expanding financial ecosystem and strategic sukuk position

Riyadh Air to launch commercial flights this year after securing operational license

Riyadh Air is projected to fly to more than 100 destinations by 2030, supported by an order of over 132 aircraft

Saudi PMI shows resilience in non-oil private sector growth for March

The pace of growth has moderated from January's near 14-year high 

Saudi travel surplus hits record $13.3 billion in 2024, marking 7.8 percent yearly growth

Surge was fueled by a 13.8 percent increase in inbound visitor spending compared to 2023 

Trump announces 10 percent global tariff, higher rate for trade-surplus nations

Trump's sweeping tariffs will go into effect on April 5, and his reciprocal tariffs will hit on April 9

Middle East mobile app revenues soar to $1.7 billion, recording 18.6 percent YoY growth

The Holy Month sparks surge in mobile app engagement and revenue across the region