Vision 2030

stc Group net profit rises 7.73 percent to $1.76 billion in H1 2024, revenues up 4.79 percent

The group attributes this growth in revenues to the increase in stc KSA’s revenues by 0.6 percent

New luxury resort slated to debut in Saudi giga-project NEOM

The resort will include a long, bridge-like structure that spans 450 meters and is suspended 40 meters above a lagoon

Saudi Arabia’s airports see 17 percent rise in passenger numbers to 62 million in H1 2024

Number of flights saw a 12 percent increase to 446,000 in the first half of the year

Saudia Group expands domestic network with eight new daily flights to Abha

Saudia has increased its daily flights to Abha from 14 to 19, marking a notable 35.71 percent growth

Expat remittances from Saudi Arabia surge 12 percent to $3.35 billion in May

Remittances sent abroad by the Kingdom's nationals also rose by 6 percent during this period, totaling $1.64 billion

Saudi Arabia’s Diriyah Company signs $2 billion development contract to develop new mixed-use district

The project involves the construction of advanced educational institutions, cultural venues, modern offices, and a luxury hotel

Saudi Arabia reveals designs for world’s tallest sports tower in Riyadh

The tower stands tall at 130 meters, encompassing 84,000 sqm of world-class facilities

Emirates inaugurates $5.4 million lounge at Jeddah’s King Abdulaziz International Airport

Emirates' 900-square-meter lounge is located in the airport’s newest Terminal 1

Saudi Aramco exercises greenshoe option, raises $12.35 billion from share sale

By exercising the greenshoe option, Aramco raised an additional $1 billion from the listing

Saudi Arabia attracts $412 million in venture capital funding in H1 2024: Report

Kingdom accounts for 54 percent of the region's VC investments, a significant increase from its 38 percent share in 2023

E-commerce in Saudi Arabia sees 17.47 percent surge with 40,697 new records in Q2 2024

Riyadh topped the regions in Saudi Arabia for issuing e-commerce records, with 16,535 commercial records

Saudi’s flynas launches first direct flight between Riyadh and Egypt’s El-Alamein

flynas already connects Egypt to Saudi Arabia with more than 120 weekly direct flights

Saudi banks post $1.95 billion in aggregate profits for May 2024, reaching 14-month high

Cumulatively, banks recorded a total profit of $9.27 billion in the first five months of 2024

Saudi real estate sector contributes 5.9 percent to GDP, hits $169.5 billion in transactions

The sector recorded more than 280,000 transactions since the beginning of 2024

Saudi hospitality revenue to rise 7.5 percent in next 4 years, fueled by tourism and Vision 2030

The GCC hospitality sector's revenue is expected to reach $48.1 billion by 2028

Beyond payments: How Mastercard is fueling transformation and driving inclusion

Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region

Navigating climate-related data in the investment process

Such data are vital for assessing risks, valuing assets, and engaging shareholders

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

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

Aviation sector contributes $53 billion to Saudi GDP: Report

The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector

Saudi Arabia’s Ministry of Industry issues 12 new mining licenses in March 2024

The licenses cover 10 building materials quarry licences, one mineral ores surplus licence, and one reconnaissance licence

Saudi Entertainment Ventures joins Qiddiya to enhance entertainment ecosystem

SEVEN spearheads 21 entertainment projects across 14 cities, with investments exceeding $13.33 billion

Saudi Arabia’s Diriyah seeks U.K. partnerships in business, development projects

Diriyah reiterates commitment to expanding its partnership portfolio across various sectors