Saudi Arabia

Saudi MODON attracts investments worth $3.85 billion in 2023: Report

MODON received the "Most Attractive Destination for Investments Award" in 2023

12 Saudi companies ink agreements with Iraq Development Fund

The deals seek to promote cooperation in various high-quality investment projects in Iraq

Saudi CMA’s locally managed assets surge to $232.2 billion in 2023

The asset management industry reached $1.1 billion by end of 2023

Riyadh airport introduces e-passport gates at two terminals

First airport in Saudi Arabia to implement biometric e-passport scanners

Saudi Arabia records over 1.45 million commercial registrations by end of Q1 2024

The Ministry of Commerce recorded 104,000 registrations and 65,363 permits in Q1 2024

Eid Al Fitr 2024 in Saudi Arabia: Places to visit, fireworks, staycations and more

Here's the ultimate guide to all you need to know about celebrating Eid Al Fitr in Saudi Arabia

Saudi Arabia gold prices surge as global rate touches record high of $2,304.09

Gold prices have reached new record highs in each session since last Thursday

Saudi Arabia’s startups raise $198 million in March 2024

SaaS providers dominate region's investment landscape

Business activity in Saudi Arabia rises to 6-month high in March, PMI data shows

Non-oil private sector saw a decline in cost inflation for the second month in a row

Saudi Arabia gold prices surge as global rates hit new record high of $2,288.09

While gold stole the spotlight with its record-breaking rally in prices, other precious metals also experienced gains

Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation

Expected financial impact to appear on company's statements starting from Q1 2024

Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts

This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd

PIF-owned SITE teams up with Korea’s AhnLab for advanced cybersecurity solutions in Saudi Arabia

SITE will hold a 75 percent stake in the local joint venture to be set up in the Kingdom

Saudi Arabia’s tourism sector sets new record, foreign visitor spending touches $36 billion

In 2023, Saudi Arabia led the UN tourism list for the growth rate of international tourists compared to 2019

Gold prices in Saudi Arabia remain stable amid stronger U.S. data

Softer U.S. inflation report strengthens bullish sentiment

OPEC Secretary General predicts persistent global demand for oil in the coming years, decades

OPEC believes that the oil industry will need approximately $11.1 trillion by 2045

$13.32 million initiative restores 56 heritage buildings in Historic Jeddah

The project primarily targets showcasing the rich heritage of the Historic Jeddah District

Saudi Arabia introduces green financing framework to drive sustainability

Framework reaffirms Saudi Arabia's position as a regional leader in sustainable finance

More than 1,200 brands ready for franchising in Saudi Arabia: Report

The Kingdom’s franchising market offers over 10,000 business opportunities

Saudi Arabia’s ACWA Power inks $800 million deal with Senegal for desalination project

The plant, known as the Grande Côte seawater desalination plant, will have a capacity of 400,000 cubic meters per day

Saudi Arabia’s Red Sea international airport set to welcome inaugural flight with flydubai service

New twice-weekly service, operated by flydubai, commences from DXB to RSI on 18 April

Abu Dhabi’s TAQA, Japan’s JERA to develop greenfield plant in Saudi Arabia

Project leverages advanced technologies and emphasizes sustainability

Saudi Arabia’s unemployment rate declines to 4.4 percent in Q4 2023

The unemployment rate among women saw a 2.6 percent decline

Saudi Arabia’s greenfield FDI inflows surge over two-fold to $28.78 billion

This figure surpassed the previous peak of $17.57 billion in 2018