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Saudi Arabia
Hospitality & Tourism
Saudi eases tourist visas for GCC residents
And Schengen visa holders
Saudi Arabia
Saudi’s stc shareholders approve 150% capital hike to SAR 50 bn
Largest capital increase for listed company in Saudi stock market
Saudi Arabia
The ICT sector in Saudi may reach $53 bln in 2025
stc: "Today, we have reached 70% Saudisation rate"
Economy
Saudi is fastest growing major economy globally
Kingdom quickly recovered from pandemic-induced recession
Banking & Finance
Saudi Central Bank assets climb to $533bn in July
Amid continued economic recovery
Real Estate
Saudi Prince of the Eastern Province inaugurates housing projects in Qatif
Investments of NHC in the Eastern Province exceed SAR20 bln
Banking & Finance
Saudi King directs government to invest $1 bln in Pakistan
Saudi is one of Pakistan's largest donors
Saudi Arabia
stc launches Saudi Vision Cable, the 1st high-capacity submarine cable in Red Sea
Its length is 1,160,000 meters long
Banking & Finance
Saudi cinemas post $54.8 mln in revenues since ban lift
Revenues grew by 26%
Banking & Finance
Saudi’s Kingdom Holding reports H1 profit of $1.7bn
Profits slightly increased by 3.6% in Q2 2022
Saudi Arabia
Saudi central bank grants open banking licenses to fintech firms
This brings the total number of licensed fintech companies to 38
Real Estate
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
Logistics
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
Banking & Finance
Saudi fintech Tamara amasses $100 mln led by PIF
Funding will be used to support innovation in payment and shopping
Saudi Arabia
Oil climbs as Saudi Arabia warns of OPEC output cuts
OPEC + will soon begin working on a new agreement for post-2022
Saudi Arabia
Saudi Arabia is creating the World’s largest urban park
Project is valued at $23 billion
Economy
IMF: Saudi Arabia to grow at fastest pace in a decade
Inflation will remain at 2.8 percent level in 2022
Economy
Saudi’s PIF buys stakes in US giant companies
Fund invested a further $474mln in Meta
Real Estate
Saudi’s PIF, Cain invest $900 mn in hotelier Aman Group
To support its global expansion
Saudi Arabia
Saudi’s Kingdom Holding unveils 3-year $3.4 bn investment program
Including 1.97 billion riyals in Russian energy companies
Banking & Finance
Saudi’s Tanmiah delivers 31% increase in annual revenues
Supported by strong product demand
Markets
Saudi Tadawul reports 24% decline in profit on higher expenses
Its market value reached about $2.8 trillion in 2021
Economy
Inflation in Saudi rises in July to highest level in 13 months
F&B prices, transportation costs were the primary causes of rising inflation
Hospitality & Tourism
flynas sees 120 percent increase in number of passengers
46% increase in aircraft fleet, 57% in number of flights comparing to 2021
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