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Saudi Arabia
Economy
Gross Premium Written in Saudi to grow by 5-10% in 2022
Intense competition pressures Saudi’s underwriting results
Economy
Saudi closes 49 investment deals worth SAR 3.5 bn in Q2
Foreign investment licenses increased by 674 percent yoy
Saudi Arabia
Saudi National Water Company to launch SAR 108 bn projects
The company intends to roll out 1,429 projects
Banking & Finance
The PIF launches the Saudi Egyptian Investment Company
Focusing on investing in several key sectors
Banking & Finance
Riyad Bank’s profits rise by 6.6 percent to SAR 1.6 bn in Q2
Driven by an increase in total operating income
Saudi Arabia
Oil revenues send Saudi’s budget surplus to $21 bn
The highest quarterly surplus since data publication began in early 2016
Economy
Saudi establishes special authority to promote foreign investment
Strategy aims to support partnerships between investors
Saudi Arabia
Saudi Aramco buys US-based Valvoline for $2.65 bn
Acquisition fits in with growth strategy for lubricants, says Aramco
Banking & Finance
Foreign reserves in Saudi reach highest level since 2020
It increased by 3% to 1.683 trillion riyals
Economy
Saudi economy achieves highest quarterly growth in 11 years
Oil activities lead GDP growth by 11.8% in Q2
Saudi Arabia
Saudi energy minister, Russia’s Novak meet ahead of OPEC+ meeting
Will OPEC+ raise output at its next meeting?
Banking & Finance
Saudi’s Kingdom Holding invests $300 million in UK-based Phoenix
Within the strategy of investing in leading firms
Banking & Finance
Saudi National Bank’s profit almost doubles in Q2
On higher operating income, lower expenses
Saudi Arabia
Saudi Crown Prince in Greece, signs submarine cable agreement
Connecting electricity grids provides cheaper green energy
Real Estate
Saudi Crown Prince: NEOM most likely to be offered for subscription in 2024
"The Line" addresses urgent challenges facing humanity
Logistics
Saudi achieves largest monthly trade balance surplus in 6 years
Non-oil exports increased by 27% to $7.4 billion
Banking & Finance
Saudi grocery chain to buy majority stake in France’s TF1
The deal is worth 192 million riyals
Hospitality & Tourism
Saudi to cut airport charges by 35% amid continuing privatization
Airports to be granted flexibility to reduce charges below announced caps
Banking & Finance
Saudi’s Kingdom Holding invests $269 mn in a British company
In May, Saudi's PIF purchased a 16.87% stake in KHC
Economy
Moody’s projects Saudi economy to grow at 3.9% by 2026
Supported by large fixed stock of oil reserves, stable financial system
Banking & Finance
Venture Capital investments in Saudi up 244% during H1 2022
To a record-high of SAR 2.19 billion
Saudi Arabia
Saudi: “We do not see oil shortage in market, only in refining capacity”
Saudi Foreign Minister Prince Faisal bin Farhan on official visit to Japan
Economy
Biden to announce $1 bn in food security funding at summit today
Saudi, US sign 18 agreements and cooperation memoranda
Economy
King Salman, Biden discuss ways to strengthen Saudi-US relations
The Crown Prince and the US President shake hands with fists
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