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Saudi Arabia
Hospitality & Tourism
Saudi Arabia’s Quality of Life Program creates over 925,000 jobs in tourism in 2023
Program rehabilitated of over 100 heritage sites and museums in 2023
Hospitality & Tourism
Saudi Entertainment Ventures joins Qiddiya to enhance entertainment ecosystem
SEVEN spearheads 21 entertainment projects across 14 cities, with investments exceeding $13.33 billion
Hospitality & Tourism
Saudi Arabia’s Diriyah seeks U.K. partnerships in business, development projects
Diriyah reiterates commitment to expanding its partnership portfolio across various sectors
Banking & Finance
Dubai’s Spinneys revenues surge to $221.89 million, transactions rise by 9.5 percent in Q1 2024
The company's gross profit margin also demonstrated strength, reaching 41.2 percent in the quarter
Markets
Majority of Middle East IPOs experience positive aftermarket gains in 2024: Report
Notable market gains included MBC Group Co and Avalon Pharma
Economy
Unemployment rate in Saudi Arabia’s labor market at 8.6 percent, women’s participation reaches 34.2 percent
Over 1,000 government employees received training at international agencies, enhancing their work effectiveness
Saudi Arabia
China’s Ant International seeks expansion in Saudi Arabia
Agreement to facilitate cross-border mobile payment and trade, empower Saudi businesses
Logistics
Saudi Arabia to launch $2 billion general aviation roadmap at Future Aviation Forum
The roadmap aims to increase the sector's contribution to GDP to $2 billion by 2030
Logistics
Key trends impacting the development of airports in the Middle East
Air travel growth in Saudi Arabia is anticipated to remain significant
Logistics
Saudi Arabia plans $100 billion investment to develop aviation sector
Over $50 billion will go to developing the country's airports
Hospitality & Tourism
Riyadh Air, AlUla partner to promote Saudi Arabia’s tourist attractions globally
Riyadh Air to contribute $20 billion to the kingdom's non-oil GDP
Markets
10 MENA IPOs raise $1.2 billion in Q1 2024: Report
UAE's Parkin raised the highest proceeds, contributing 37.2 percent to total proceeds of MENA IPOs
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