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Saudi Arabia
Economy
Saudi unemployment falls to lowest level on record in Q2
To 9.7% in Q2, compared to 10.1% in Q1 2022
Saudi Arabia
Saudi to invest $38 bn in gaming
Revenue from the global gaming industry is expected to top $200 bn in 2022
Economy
King Salman appoints Crown Prince as Prime Minister
The cabinet reshuffle kept Mohamed Al-Jadaan as Finance Minister
Economy
stc Group congratulates leadership on 92nd Saudi National Day
"National Day anniversary comes as we continue march towards development"
Economy
Saudi National Day… Successes in the face of adversity
The Saudi economy is stronger than ever
Saudi Arabia
Saudi tech start-up Elevatus raises $10.5 mn in funding
Venture capital funding in Saudi surged to $584 mn in H1 2022
Saudi Arabia
Central bank digital currency is no alternative to cash, says SAMA chief
Global economy undergoing technological revolution driven by AI, IoT
Logistics
Saudi non-oil exports jump to SAR 26.7 bn in July
Merchandise exports rose by 58.8% year on year
Economy
Saudi National Day: Everything you need to know
Dubai to also commemorate the occasion with events across the city
Saudi Arabia
Europe’s energy crisis plans only short-term solution: Aramco CEO
“Even if the conflict in Ukraine stopped today, the crisis would not end”
Saudi Arabia
“Arabian Drilling” to proceed with IPO for 30% stake in Tadawul
By selling existing shares, issuing new ones
Banking & Finance
Saudi woman named to chair Lazard’s Investment Banking Business
Al-Suhaimi held for 20 years senior leadership financial positions in Saudi
Economy
S&P affirms Saudi Arabia’s rating, revises outlook to positive
On robust GDP growth
Saudi Arabia
Saudi esports, gaming strategy, expected to boost GDP by $13.3 bn
Besides adding 39,000 jobs
Economy
Inflation in Saudi Arabia rises to 3% year on year in August
Meat and poultry prices rose 6.7%
Saudi Arabia
Saudi invests SAR 776 mn with SenseTime to build AI lab
To place Kingdom at the forefront of AI tech in the region
Hospitality & Tourism
Saudi PIF to acquire $412 mn stake in local tourism firm “Almosafer”
Almosafer aims to use the investment to fund its growth and expansion plans
Saudi Arabia
Second Global AI Summit kicks off in Riyadh
Summit covering all aspects of AI, ways to benefit from AI technologies
Industry
Saudi announces 3 projects in iron, steel sector worth $9 bn
"Saudi priorities include localizing steel products of all types"
Logistics
Saudi plans to launch global initiative to attract supply chain companies
Initiative to also focus on forging partnerships with manufacturers from private sector
Health
Healthcare among most attractive investment sectors in Saudi
Saudi driving structural changes in the sector
Op-eds
4 key questions to ask before setting up business in Saudi
Businesses should embrace rapidly changing “Saudization” initiatives
Industry
Saudi issues 30 new industrial licences worth SAR 973 mn in July
Existing, under-construction factories in Saudi reached 10,685 in July
Real Estate
Saudi’s Amaala inks more than 300 deals valued at $ 1.7 bn
Project expected to contribute SAR 11 bn to the country’s GDP
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