Saudi Arabia

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 

EFG Hermes KSA: Banking on opportunities in Saudi Vision 2030 and beyond

Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom

Aramco raises stake in MidOcean to 49 percent, expands into South America with Peru LNG share

Aramco will fully fund the transaction which will increase its interest in MidOcean

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 launches SAMAI initiative to empower one million citizens in AI

SAMAI initiative marks a significant strategic step towards developing human capital in Saudi Arabia

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

Arabian Mills IPO 132 times oversubscribed, generating $35.74 billion in total orders

The company set the final offer price at SAR66 per share, indicating a market capitalization of $903 million

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 

Saudi Arabia’s interior ministry launches smart gates at NEOM Bay Airport

Initiative is part of Saudi Arabia's efforts to enhance the quality of life by implementing high-efficiency digital solutions in Saudi cities

Saudi Arabia’s THIQAH, Google Cloud partner to provide innovative solutions for business growth

Partnership seeks to provide access to world-class cloud infrastructure, addressing the diverse needs of customers

Saudi Arabia’s liquidity grows 9 percent to record high of $772.37 billion in Q2 2024

Since the beginning of the year, Saudi Arabia's liquidity has grown 5.5 percent, rising by over SAR148.83 billion

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

Saudi Arabia surpasses target of 100 million visitors seven years ahead of schedule: IMF

Saudi Arabia is now earning more from international visitors than it is spending on outbound tourism, shifting service balance to a surplus

Saudi Arabia-based barq partners with Mastercard on advanced payment acceptance technology

Partnership will contribute to the digital transformation of financial services in Saudi Arabia, in line with Vision 2030

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

24 Fintech: $213 million fintech venture capital fund announced

In 2023 alone, investments in fintech in Saudi Arabia exceeded $790 million, an 8-fold increase from 2021's $91 million

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

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

GenAI to raise Saudi Arabia’s technology sector operating profits to $4 billion by 2028

The telecom, media & entertainment, and technology sectors could achieve the highest potential margin upside by adopting GenAI