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Kingdom accounts for 54 percent of the region's VC investments, a significant increase from its 38 percent share in 2023
Riyadh topped the regions in Saudi Arabia for issuing e-commerce records, with 16,535 commercial records
flynas already connects Egypt to Saudi Arabia with more than 120 weekly direct flights
Cumulatively, banks recorded a total profit of $9.27 billion in the first five months of 2024
The sector recorded more than 280,000 transactions since the beginning of 2024
The GCC hospitality sector's revenue is expected to reach $48.1 billion by 2028
Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region
Such data are vital for assessing risks, valuing assets, and engaging shareholders
Personal loans constituted 47 percent of banks' total lending, while corporate loans made up the remaining 53 percent
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
The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector
The licenses cover 10 building materials quarry licences, one mineral ores surplus licence, and one reconnaissance licence
