Saudi Arabia

STC Bank to launch full banking operations in Saudi Arabia: SAMA

STC Bank will provide several financial products and solutions that will contribute to elevating banking services

EFG Hermes achieves top position in MENA Equity Capital Markets for 2024 through market-leading executions

EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings

Saudi Arabia’s maritime transport sector achieves 6.4 percent growth, 20th global ranking in 2024

The authority emphasized the crucial role of over 2,000 certified Saudi seafarers in advancing the sector

Saudi Arabia’s PIF announces pricing of $4 billion bond offering

Offering was four times oversubscribed, with an order book of approximately $16 billion

Dream of the Desert: Unveiling Saudi Arabia’s first five-star luxury train

The train features 14 carriages with 34 luxury suites for an exclusive traveler experience

stc secures $8.7 billion contract with government entity for telecom infrastructure services

The contract lasts 18 months for execution, followed by 15 years of operation

NEOM secures $3 billion financing facility with Italy’s SACE to support key projects

Deal marks NEOM's first corporate ECA financing and the largest untied financing ever guaranteed by SACE

Saudi Arabia permits foreign investment in Makkah, Madinah real estate

The ownership of natural and legal persons jointly who do not hold Saudi nationality shall not exceed 49 percent of the company's shares

Saudi Arabia Crown Prince, Italy Prime Minister ink agreement to establish Saudi-Italian Strategic Partnership Council

Saudi-Italian high-level roundtable resulted in the signing of 26 memoranda of understanding across key industries

Alibrahim says Saudi Arabia’s $600 billion pledge to U.S. to include investments, procurement

"What we'll spend in the economy from the start of Vision 2030 to 2030 is 12 times that number," Alibrahim said

Saudi Arabia to host regular global WEF meetings starting Spring 2026

Last year, the WEF special meeting in Saudi Arabia focused on global collaboration, growth and energy

WEF 2025: Saudi Arabia’s services trade hits $144 billion with 7 percent annual growth

The services sector represents approximately 65 percent of the world’s GDP