Saudi Arabia

Saudi Aramco’s profits decline in Q2 2023

Q2 net income amounted to SAR112.81 bn

Spending soars in Saudi, investment remains strong

H1 2023 expenditure surged by 18 percent

Saudi sovereign wealth fund’s assets exceed $594 bn in 2022

PIF announced the establishment of a sports investment company to support growth of the sector

Saudi e-visa waivers for UK nationals launched

New policy allows single-entry stay of up to six months

Prioritizing heritage through luxury tourism

Boutique Group accentuates Saudi Arabian heritage by restoring cultural, historical palaces

25 investment deals signed between KSA and Brazil

The MoUs between the two nations encompass various sectors and industries

New Sharia-compliant Saudi equity fund launched

Investors urged to take advantage of growth potential

A neo-way of flying with SAUDIA’s A321neo aircraft

Carrier aims to add 20 more A321neo aircraft to its fleet by 2026

KSA new mining hub following Vale deal

KSA secures a 10 percent share in Vale

Expo to highlight $110 bn Saudi hospitality projects

Initiatives to help bring in 100 mn tourists by 2030

KSA: highest salaries for expats globally

Expat middle managers in Saudi Arabia are making around $109,000 annually

Rising demand, cost of housing in Riyadh

The government aims to achieve 70 percent homeownership by 2030

Riyadh inaugurates global AI research center

AI is set to contribute 12.4 percent to the Kingdom’s GDP by 2030

Saudi hunts for critical minerals in energy transition

Ma'aden and Ivanhoe Electric to explore for minerals in Arabian Shield

Aramco acquires 10 percent stake in China’s Rongsheng Petrochemical for $3.4 bn

Saudi to supply 480,000 BPD of crude to Rongsheng's China-based complex