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Revival of projects in the energy sector key to the country’s development
The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023
UAE and Saudi Arabia's startups to continue taking center stage in dealmaking this year
Brent oil futures expiring in August gained 0.3 percent to $81.33 per barrel
Prime office rents in Riyadh rose 14.5 percent, while Grade A and B rents increased 11.8 percent and 10.3 percent
Personal loans constituted 47 percent of banks' total lending, while corporate loans made up the remaining 53 percent
The move will facilitate easier access to charging solutions and support the wider adoption of EVs
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
The startup recently announced its $6 billion Series B funding round which it will utilize to launch xAI’s first products in the market
E-commerce and retail sector retained its position as the leading industry in Saudi Arabia's venture landscape
Privatization of state-related entities to support the initial phase of regional IPO growth
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
Out of 535 homegrown startups identified, 14 were shortlisted to innovate next-gen beauty tech for L'Oréal Middle East
GACA report assesses 11 operational performance standards to enhance services and traveler experiences
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million
This comes as part of Round 4 of the Saudi National Renewable Energy Program (NREP)
The total value of commodity exports stood at $77.77 billion
GACA launches first aviation sector report for Saudi Arabia highlighting contributions of $53 billion
The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030
Saudi CEOs anticipate that GenAI will significantly change the creation, delivery and capture of value in the next three years
The sector is predicted to experience a 13.5 percent annual growth, surpassing the global average of 11.2 percent
