Saudi Arabia

Residential Q1 sales transactions up by 77 percent year-over-year in Riyadh

Prime office rents in Riyadh rose 14.5 percent, while Grade A and B rents increased 11.8 percent and 10.3 percent

Saudi banks see 11 percent increase in loans in April, surpassing $715 billion driven by corporate activities

Personal loans constituted 47 percent of banks' total lending, while corporate loans made up the remaining 53 percent

Lucid and EVIQ collaborate to establish high-speed EV charging infrastructure in Saudi Arabia

The move will facilitate easier access to charging solutions and support the wider adoption of EVs

Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion

The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment

Saudi Arabia emerges as key investor in Elon Musk’s $24 billion startup xAI

The startup recently announced its $6 billion Series B funding round which it will utilize to launch xAI’s first products in the market

Saudi Arabia sees $240 million in investments in Q1 2024: Report

E-commerce and retail sector retained its position as the leading industry in Saudi Arabia's venture landscape

Dubai’s IPO boom positions city as thriving hub for capital markets: Report

Privatization of state-related entities to support the initial phase of regional IPO growth

Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report

The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said

L’Oréal Middle East, AstroLabs launch TechQuest challenge, fueling beauty tech advancements in the region

Out of 535 homegrown startups identified, 14 were shortlisted to innovate next-gen beauty tech for L'Oréal Middle East

Saudi Arabia’s King Khalid airport tops GACA rankings: Report

GACA report assesses 11 operational performance standards to enhance services and traveler experiences

Saudi Arabia maintains ‘A1’ credit rating with positive outlook amid successful economic reforms: Report

The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016

Saudi Arabia commits $800 billion to tourism, aims for 10 percent sector contribution to economy by 2030: Minister

Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry