Saudi Arabia

Saudi PIF’s revenues soar 100 percent to $88.22 billion in 2023

The fund swung to a profit of $36.81 billion in 2023, after posting a loss of $15.6 billion a year earlier

Saudi Arabia uncovers seven new oil and natural gas discoveries in Eastern Province, Empty Quarter

In the Eastern Province, two unconventional oil fields were found - Al-Ladam and Al-Farouq

Saudi Arabia’s foreign direct investment rises 5.6 percent to $2.53 billion in Q1 2024

This growth underscores Saudi Arabia's continued appeal to international investors

From Middle East to Africa, travel sector reaches new heights in 2024: Report

UAE ranked among the top 10 global travel destinations in the past year

Saudi Arabia posts record trade surplus of over $11 billion

This represents a 36 percent increase compared to the surplus of $8.1 billion recorded last year

Saudi Aramco emerges as world’s largest oil company with 259 billion barrels of reserves

The Saudi oil giant produced an average of 12.8 million barrels of oil per day in 2023

Saudi real estate sector contributes 5.9 percent to GDP, hits $169.5 billion in transactions

The sector recorded more than 280,000 transactions since the beginning of 2024

Saudi Arabia issues $1.17 billion in sovereign sukuk across three tranches in June

The total volume of sukuk and bonds in Saudi Arabia increased by 5.73 percent during the third quarter of 2023

90 percent organizations in UAE, Saudi Arabia well positioned for innovation in AI: Survey

Cybersecurity continues to be a major area of concern for organizations in both the UAE and Saudi Arabia

Sustainable tourism is no longer enough; we must give back to our planet

Saudi Arabia’s Red Sea and AMAALA are standout examples of regenerative tourism

Saudi’s Arabian Mills plans to list 30 percent stake in IPO

The CMA has approved Arabian Mills' public listing application, and the company will publish the IPO prospectus soon

Saudi Arabia’s 1,200-station renewable energy mapping project aims to accelerate clean power goals

The stations seek to measure solar and wind energy across all regions of the Kingdom