Saudi Arabia

OPEC Secretary General: Oil industry calls for $11.1 trillion in investments by 2045

Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition

Saudi Arabia’s Sharaan Resort project at AlUla begins

Upon completion, the resort will feature 38 suites carved into the sandstone mountains of AlUla

With over $15.4 billion in investments, Aramco seeks stronger collaboration with China

Amin Nasser highlights mutual opportunities for economic growth and investments

Top performing airports in Saudi Arabia highlighted in GACA report

King Abdulaziz International Airport secured the top spot with a 91 percent compliance rate

Saudi Arabia’s Mawani introduces ‘GALEX’ shipping service at King Abdulaziz Port in Dammam

This service aims to strengthen the maritime connections between Saudi Arabia and East Asia

Oil to retain significant role in energy markets for decades, affirms OPEC Secretary General

Al-Ghais highlighted that calls to abandon oil were "wrong" and "unrealistic"

Saudi Arabia’s Qiddiya set to construct world’s first ‘Dragon Ball’ theme park

The park features more than 30 exciting attractions, including five state-of-the-art rides

Saudi Arabia’s air traffic surpasses pre-pandemic levels in 2023 with 112 million passengers

Saudi Arabia attributes the surge in passenger traffic to the increasing prominence of low-cost carriers

Saudi Arabia’s airports excel in complaint resolution: GACA reports near-perfect performance in February

King Khalid International Airport topped international terminals with over 6 million passengers annually

Saudi gold market faces volatility as U.S. dollar gains momentum

Copper retreats from 11-month highs amid growing concerns over China

Saudi Arabia’s shipping services receive high marks on U.N. maritime connectivity index

The recent evaluation demonstrates a 30 percent increase since launch of Vision 2030 initiative in January 2016

Saudi Arabia’s Jeddah Islamic Port to establish $46.6 million integrated logistics zone

The new zone will boost port efficiency, improve commercial flow, and strengthen supply chains

Saudi Arabia closes March issuance of sukuk program at $1.17 billion

To cater to investors with different investment horizons, the issuance has been divided into three tranches

Saudi Cabinet greenlights agreement for setting up IMF regional office in Riyadh

The initiative seeks to enhance the presence and collaborative efforts of the IMF with Arab institutions

Oil demand will reach a record 104 million barrels per day in 2024: Aramco CEO

Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses

EFG Hermes concludes advisory on Cenomi retail’s sale of a portfolio of fashion brands to Abdullah Al-Othaim Fashion

In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company

Saudi Arabia’s crude exports dip 0.2 percent in January

OPEC+ extends output cuts amid market dynamics and global demand predictions

Saudi Arabia’s mineral wealth estimated at $2.4 trillion

Exploitation licenses in the Kingdoms mining sector soared by 138 percent