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Saudi Arabia
Logistics
Saudi unveils high levels of food self-sufficiency
Agricultural crop production increased to 4.77 mn tons
Saudi Arabia
Saudi Energy Minister: “OPEC +” is vigilant… and ready to use all tools
Economic stagnation is not a condition for decline in oil demand
Banking & Finance
Al-Jadaan at the opening of Euromoney: Saudi economy emerged stronger than ever
"We are committed to carry out vision programs, broaden economic base"
Economy
Saudi GDP up 12.2% in Q2, highest since 2011
Economic growth is due to the significant increase in oil activities
Economy
Saudi economic diversification towards an oil-independent financial future
“The Fund”: a decrease of about 20% in the direct share of oil in the GDP
Banking & Finance
Saudi’s SAMA to soon appoint a crypto official
To boost digital ambitions
Hospitality & Tourism
New Saudi national carrier ‘RIA’ to launch with $30 bn investments
As part of country’s $100 bln bet on tourism
Banking & Finance
A&M: Aggregate Q2 net profit of top 10 Saudi banks rises 2.7%
On interest income growth
Economy
Saudi non-oil sector purchases at highest level in 7 years
Total new orders rose at the fastest pace since October
Real Estate
PIF launches National Real Estate Registration Services Company
To promote digital transformation in the real-estate sector
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
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