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Saudi Arabia
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
Saudi Arabia
stc invests further $300 mn to accelerate regional digital champions growth
Funding directed to MENA-based tech investment firm STV
Logistics
Indicators point to significant growth in Saudi’s non-oil sector
Driven by faster job creation, increased non-oil exports
Economy
70 new global companies to relocate regional headquarters to Saudi
New investment licenses issued in Q3 2022 amounted to 1,163
Economy
New global order on top agenda of Riyadh’s FII conference
Seven mega-agreements are expected to be announced today
Saudi Arabia
Saudi Arabia sets up carbon market firm to support net zero goal
Fund will hold 80% stake in 500-million-riyal company, 20% for Tadawul
Saudi Arabia
stc Group receives PIF offer for acquiring 51% stake in its “TAWAL” company
Offer valued at more than SAR 21 bn
Saudi Arabia
Saudi says OPEC+ is doing everything possible to ensure market stability
Saudi, China agree to strengthen energy cooperation
Economy
Riyadh strengthens position as international business hub
Robust economy, diversification, capital markets attracting investments
Markets
Saudi raises $5 bn in first bond sales in nearly a year
Price guidance set at 105 basis points over Treasuries for the Sukuk
Economy
Saudi, South Africa strike $15 bn worth of agreements
The two countries signed 11 deals to promote investment
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