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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
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
Strong dollar, possible interest rate hikes are major risks to gold prices
Neo Space Group is PIF's first venture into the space sector
GACA report assesses 11 operational performance standards to enhance services and traveler experiences
Gold prices achieved a record high of $2,449.89 but have since lost over $100
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
The collaboration between Mawani and DP World also includes the management of a container terminal through a separate 30-year concession
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
Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices
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
Traders are currently pricing in a 73 percent chance of an interest rate cut in November
Medium-sized enterprises took the largest share at 57.5 percent or SAR158.411 billion in March 2024
The Club Championship will award $20 million to the top 16 clubs depending on their overall performance
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
Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
Saudi CEOs anticipate that GenAI will significantly change the creation, delivery and capture of value in the next three years
The Saudi aviation sector contributed $53 billion to the country's economy and supported around 958,000 jobs nationwide
