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

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