Saudi Arabia

Saudi’s stc shareholders approve 150% capital hike to SAR 50 bn

Largest capital increase for listed company in Saudi stock market

The ICT sector in Saudi may reach $53 bln in 2025

stc: "Today, we have reached 70% Saudisation rate"

Saudi is fastest growing major economy globally

Kingdom quickly recovered from pandemic-induced recession

Saudi Prince of the Eastern Province inaugurates housing projects in Qatif

Investments of NHC in the Eastern Province exceed SAR20 bln

Saudi central bank grants open banking licenses to fintech firms

This brings the total number of licensed fintech companies to 38

Saudi Crown Prince launches master plan for Rua Al Madinah project

Project spans over 1.5m sqm area, set to add 47,000 hotel rooms by 2030

Saudi’s non-oil exports hit SAR 30.1 bln in June

Oil exports jumped to SAR 117.7 bln, up from SAR 60.6 bln in 2021

Saudi fintech Tamara amasses $100 mln led by PIF

Funding will be used to support innovation in payment and shopping

Oil climbs as Saudi Arabia warns of OPEC output cuts

OPEC + will soon begin working on a new agreement for post-2022

IMF: Saudi Arabia to grow at fastest pace in a decade

Inflation will remain at 2.8 percent level in 2022

Saudi’s PIF buys stakes in US giant companies

Fund invested a further $474mln in Meta

Saudi’s Kingdom Holding unveils 3-year $3.4 bn investment program

Including 1.97 billion riyals in Russian energy companies

Saudi Tadawul reports 24% decline in profit on higher expenses

Its market value reached about $2.8 trillion in 2021

Inflation in Saudi rises in July to highest level in 13 months

F&B prices, transportation costs were the primary causes of rising inflation

flynas sees 120 percent increase in number of passengers

46% increase in aircraft fleet, 57% in number of flights comparing to 2021