Economy Middle East

Saudi Arabia

Qatar’s Islamic fintech market set to grow to $4 billion by 2027: Report
Qatar

Qatar’s Islamic fintech market set to grow to $4 billion by 2027: Report

Qatar is home to 24 of the 417 identified Islamic fintech firms globally.

Alibaba forges strategic partnerships with local Gulf companies
MENA

Alibaba forges strategic partnerships with local Gulf companies

Chinese E-commerce giant strengthening ties with Saudi Arabia and the UAE

Saudi Arabia’s 2023 budget generates $322.6 billion in revenues
Banking & Finance

Saudi Arabia’s 2023 budget generates $322.6 billion in revenues

Non-oil revenues in 2023 surged by 11 percent YoY

Saudi Arabia closes February sukuk issuance at $2.09 billion
Markets

Saudi Arabia closes February sukuk issuance at $2.09 billion

Issuance was divided into three tranches

Four Saudi cities ranked in the ‘Smart Cities Index’ in 2023
Saudi Arabia

Four Saudi cities ranked in the ‘Smart Cities Index’ in 2023

Kingdom aims for 10 Saudi cities in top 50 global rankings

Red Sea Global secures $533 mn financing deal for luxury hotel on Shura Island
Hospitality & Tourism

Red Sea Global secures $533 mn financing deal for luxury hotel on Shura Island

Investment bolsters Saudi Arabia's tourism sector, supports Vision 2030

Boeing confirms establishing regional HQ in Saudi Arabia
Logistics

Boeing confirms establishing regional HQ in Saudi Arabia

Move reflects Saudi Arabia's growing influence in aviation sector

SAR records over 10 percent growth in cargo transport in 2023
Logistics

SAR records over 10 percent growth in cargo transport in 2023

Partnership agreements forge path for enhanced logistics and industrial development

stc Group partners with iBASIS to boost IoT connectivity in MENA
Saudi Arabia

stc Group partners with iBASIS to boost IoT connectivity in MENA

Enhancing global communication and driving digital transformation in the region

PIF Private Sector Forum strengthens economic vision through strategic partnerships
Economy

PIF Private Sector Forum strengthens economic vision through strategic partnerships

Event concludes with commitment to Saudization and private sector empowerment

Diriyah project attracts $6 billion in private sector investments
Hospitality & Tourism

Diriyah project attracts $6 billion in private sector investments

Company to break ground on 11 new assets by the end of 2024

Xaynor: A luxurious beachfront retreat in NEOM
Hospitality & Tourism

Xaynor: A luxurious beachfront retreat in NEOM

An exclusive getaway on the pristine Gulf of Aqaba coastline