MENA

Saudi Arabia’s ports achieve 14.6 percent increase in container traffic, surpassing 5 million TEUs in 2023, says GASTAT

Inbound traffic totaled 3.4 million TEUs, whereas outbound traffic amounted to 2.2 million TEUs

Saudi-Italy bilateral trade hits $10.1 billion as 7,000 Italian firms target Saudi market

The announcement was made at the Saudi-Italian Business Forum at the Federation of Saudi Chambers' headquarters 

Saudi Arabia climbs 25 spots to 4th globally, 1st regionally in UN digital services index

The Kingdom ranked seventh in the e-participation index, with Riyadh placed third among 193 global cities 

SMEs account for 90 percent of the industrial sector in Saudi Arabia, says Minister Alkhorayef

The ministry has launched initiatives in the industrial and mining sectors for entrepreneurs and SMEs to leverage

Saudi Arabia, U.K. discuss advancing 79 initiatives across 13 sectors and $103 billion bilateral trade

The discussions also covered Saudi Arabia's Vision 2030 and ongoing economic and development reforms

Saudi Arabia’s real estate market maintains upward momentum, fueled by residential and hospitality sectors: Report

The residential sector began strong in H1 2024, delivering 27,500 units in Riyadh and Jeddah 

Saudi fund to finance $41-million infrastructure rehabilitation project in Dominica

This initiative aims to boost socio-economic growth and improve residents' quality of life 

Saudi Arabia concludes participation in G20 Space Economy Leaders Meeting, signs pact with Brazil for peaceful space collaboration

The meeting included bilateral talks with Brazil and India on cooperation in the space economy and related technologies

Saudi Arabia, Brazil unite to elevate joint efforts in space science and technology

The agreement details collaboration in space activities, such as science research and remote sensing

Saudi Arabia secures top ranking in the UN Global Cybersecurity Index 2024 through comprehensive national strategies

Saudi Arabia's exceptional performance across all five pillars highlights its leadership in this domain

Saudi events industry projected to grow from $2.38 billion in 2024 to $3.45 billion by 2029: Report

The Kingdom is becoming a dynamic center for high-profile events and large-scale gatherings 

Wizz Air launches direct route from London Gatwick to Jeddah with Airbus A321XLR

The new London Gatwick to Jeddah route will operate daily year-round, starting 31 March 2025 

Non-oil activities in Saudi Arabia expand by 4.9 percent in Q2 2024: GASTAT

Seasonally adjusted real GDP rose by 1.4 percent compared to the first quarter of 2024

Royal Commission for AlUla partners with Jordan’s Petra National Trust to preserve ancient monuments, landmarks

Agreement encompasses promoting education and community engagement in history, human heritage, and heritage preservation

IMF commends Saudi Arabia’s progress under Vision 2030: Report

The Fund highlighted resilient non-oil growth in the Kingdom, applauded record low unemployment

Saudi fund deploys $20 billion globally in 50 years

800+ development projects have been funded by SFD since inception

OPEC oil output dips in March amid voluntary cuts and export challenges

Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint

Saudi Arabia’s ADES Holding inks two agreements for oil exploration and production in Egypt’s Gulf of Suez

For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion

Dealmaking potential soars in the Middle East in 2024: Report

Robust M&A activity in the region with economic diversification driving growth

Saudi Arabia, Bahrain strengthen collaboration in transportation and road maintenance

The agreements seek knowledge sharing and the organization of training programs and seminars

Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia

Modern Gas generated revenues of $55.2 million in 2023

Fintech accelerator programs: Paving the way for innovation and growth

Accelerating innovation, unveiling market trends and crafting business success

Trade volume between Saudi Arabia, GCC countries surpasses $14.82 billion in Q4 2023

This reflects a significant increase of $1.69 billion compared to 2022