Saudi Arabia

Cityscape Global 2024: ICON reveals Network of City Innovators, a platform for collaborative urban solutions

The platform aims to tackle complex urban challenges requiring collective expertise and diverse perspectives

Saudi Arabia’s NEOM appoints partners for first phase of The Line

Starting in early 2025, several architects will undertake the planning and design of the neighborhoods within phase one

Cityscape Global 2024 kicks off in Riyadh to showcase real estate sector’s latest trends

This year’s Cityscape Global Institutional Investor Program promises to unlock regional and global opportunities, particularly in Saudi Arabia

Saudi Arabia launches beta version of virtual travel companion Sara AI

Sara sets a new benchmark as the first digital human travel companion developed for a national tourism board

Dubai’s Spinneys announces record $626.2 million revenue for nine months, pre-tax profit climbs to $55.3 million

Adjusted EBITDA up 8.8 percent YoY with an industry-leading EBITDA margin of 18.3 percent

GCC region’s IPO outlook remains positive for 2024 despite slower Q3: Report

Outlook for the GCC IPO market remains positive with a healthy IPO pipeline of companies from a diverse range of sectors

Saudi flynas reinforces European Network during World Travel Market 2024 in London

Throughout its booth, flynas demonstrated its latest products, offerings, Umrah and travel packages

Air Arabia launches Sharjah-Yanbu flights, bringing UAE-Saudi routes to 12

The new route underscores carrier’s swift growth throughout the Kingdom as tourism and business travel climb 

Saudi Aramco achieves Q3 revenue of $111.1 billion, $27.6 billion in net profit

“Aramco delivered robust net income and generated strong free cash flow during the third quarter, despite a lower oil price environment,” Eng. Nasser said

stc Group achieves highest 9-month revenues of $15 billion, $2.98 billion in net profit

Total revenues grew 3.92 percent compared to the same period last year 

OPEC+ extends voluntary oil output cuts until the end of the year

The group is currently cutting 5.86 million barrels per day of output, equal to about 5.7 percent of global demand

Saudi Arabia’s PIF to acquire 54 percent stake in MBC Group for nearly $2 billion

MBC Group recorded a net income of SAR237.8 million in 1H 2024 – up a significant 359.8 percent year-on-year

FII8 conference concludes with global launches, investments and initiatives

World leaders and decision-makers convene to share insights into initiatives that address critical challenges and improve the lives of citizens

Saudi Arabia’s PIF signs five deals worth $51 billion with top Japanese financial institutions

Agreements play a key role in the fund's strategy to boost financial collaboration globally and enhance cooperation in key sectors

FII8: Saudi Arabia’s ministry of investment announces five deals in key sectors

SBI Holdings and BIM Ventures aim to attract over $200 million in foreign direct investment and manage assets exceeding $2 billion

stc Group’s tali ventures leads $10 million investment in Series B funding for NorthLadder

This funding round was spearheaded by tali ventures, with additional contributions from the Dutch Founders Fund and Crescent Ventures

FII8: Non-oil GDP now represents 52 percent of Saudi economy, Aljadaan says

The Minister noted that women's participation in the workforce has reached 35 percent, surpassing the vision's target of 30 percent 

FII8: stc Group joins hands with three new partners for Sustainability Champions program

The Group further reinforces its commitment to sustainability, connectivity, and technological advancement at FII8

FII8: Princess Reema reiterates Saudi Arabia’s commitment towards blue economy, ocean health

Princess Reema launches Ocean Central, a platform that collects and combines data to provide a clear and evolving view of ocean health

FII8: Saudi Arabia strengthens framework for high-integrity carbon markets to achieve national emission reduction targets

Strategic collaboration between the Regional Voluntary Carbon Market Company, Clean Development Mechanism Designed Authority

FII8: PIF and Google Cloud to launch global AI hub in Saudi Arabia to support ICT goals, foster tech partnerships

This partnership grants customers access to Google Cloud’s technology, boosting growth and AI delivery 

FII8 conference explores geoeconomics and future investments

Highlighting the need for investment, development support, and strong legal frameworks to attract international investors 

Red Sea Global’s latest luxury resort Shebara to welcome first guests starting November 2024

Shebara’s 73 overwater and beachfront villas shimmer in the bright sunshine, offering guests a one-of-a-kind experience

stc Group inks strategic partnership with Future Investment Initiative Institute, 8th annual conference

stc Group will be participating in the panel session titled 'Is I.T. Infrastructure One-Size-Fits-All?'