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Saudi Arabia
Sustainability
WEF Special Meeting: UAE has doubled renewables capacity, says minister Al Mazrouei
UAE has allocated AED200 billion to clean energy projects locally until 2030
Economy
WEF Special Meeting: Developing human capital must be the focus for investment
Collaborative effort is needed to address the energy trilemma of security, equity and sustainability
Economy
GCC states have succeeded in making economies more integrated: Saudi Arabia’s Al-Jubeir at WEF meeting
Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market
Hospitality & Tourism
NEOM secures $2.67 billion revolving credit facility for development projects
Financing boosts ongoing development endeavors and short-term financing requirements
Economy
Oman forges industrial economic alliances with Saudi Arabia, Japan, and U.S.
The agreements aim to promote private sector involvement in the country's economic growth
Saudi Arabia
Saudi Arabia’s ICT spending to reach $37.5 billion in 2024
According to experts, the Kingdom is the region's fastest-growing IT market
Logistics
Saudi Arabia’s non-oil exports surge by 4.4 percent to $5.82 billion in February
Rubber and plastic product exports in February fueled the rise in non-oil shipments
Economy
IMF establishes new regional office in Saudi Arabia, hosts joint conference on industrial policy for diversification
The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
Miscellaneous
Saudi Arabia’s cinema revenue soars to over $986 million in just six years
Currently, Saudi Arabia has 66 movie theaters with approximately 618 screens and 63,373 seats
Energy
Saudi Aramco to acquire 10 percent stake in China’s Hengli Petrochemical
Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
Economy
World Bank partners with Saudi Arabia to establish knowledge center for economic reforms
Boosting global economic reforms and enhancing regional and global competitiveness
Economy
Private sector employment in Saudi Arabia sees record growth in Q4 2023, surpassing 11.2 million employees
The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023
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