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Saudi Arabia
Industry
Saudi Arabia signals Phosphate mining focus as it looks to diversify
Kingdom to produce 9 million tons of phosphate fertilizers annually
Economy
Saudi-Chinese summit in Riyadh soon. What are the priorities?
Kingdom was first destination for Chinese foreign investments in H1
Saudi Arabia
Renewable investments in Saudi estimated at SAR 34 bn
Kingdom plans to submit soon ten new renewable energy projects
Hospitality & Tourism
Saudi hires Lazard to explore funding options of Mecca mega project
As well as a potential IPO
Banking & Finance
PIF-owned SALIC acquires stake for AED 209 mn in a rice company
By raising capital and purchasing shares from main owners
Markets
Saudi PIF plans to sell 10% of its stake in Tadawul
Or 12 million shares
Saudi Arabia
Saudi Energy minister: The world cannot go two weeks without our oil exports
"The energy sector is the most vulnerable to cyber-attacks"
Banking & Finance
Kingdom Holding Company’s earnings jump 226% in Q3
6.7 billion riyals of the company's profits in 9 months
Saudi Arabia
Saudi’s PIF considering a bid for Ooredoo’s tower unit
Assets of Ooredoo's Abraaj estimated to be worth between $3 and $5 bn
Saudi Arabia
Saudi commits $2.5 bn to Middle East green initiative
Kuwait also seeks to become carbon neutral in oil and gas sector by 2050
Hospitality & Tourism
‘AlUla Moments’ launches the Inaugural Ancient Kingdoms Festival
Epic visitor experiences offered in ancient frontier oases
Industry
Saudi launches first local EV brand
to attract $150 mn of FDI
Saudi Arabia
Saudi’s stc Group receives 4 awards
In appreciation of its notable nationalization efforts
Saudi Arabia
Saudi’s ACWA Power posts Q3 profits of SAR 324 mn
Up from a loss of SAR 27 mn in Q3 2021
Hospitality & Tourism
Hospitality in Saudi maintains robust recovery in Q3
Year-round events contributed to a significant improvement in hotel demand
Logistics
Saudi’s PMI hits 57.2 in October: S&P
After new order boost
Saudi Arabia
Aramco, Honeywell team up to achieve business process automation
New JV will help maximize profitability, productivity
Economy
Saudi records budget surplus of $39.7 billion in first 9 months of 2022
Surplus is supported by an increase in crude oil revenues
Saudi Arabia
Saudi Aramco posts net profit of $42.4 bn in Q3
On higher oil revenues
Economy
Saudi economy grows by 8.6% in Q3
Growth primarily driven by a 14.5% increase in oil activities
Economy
Saudi signs major investment deals at FII
Deals aim to improve quality of life, increase investor interest
Saudi Arabia
Aramco Sustainability Fund a Month Before Climate Conference
One of the world's largest venture capital funds with a capital of $1.5 billion
Saudi Arabia
Saudi: 1.4 million tons of carbon credits successfully auctioned at FII
A total of 15 Saudi and regional entities took part in the auction
Economy
Saudi’s PIF plans to invest SAR 90 bn in key sectors
This brings the total number of companies to 6
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