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Saudi Arabia
Economy
The outcome of Saudi Crown Prince’s visit to Egypt… agreements worth $7.7 billion
Trade exchange jumps 62% to $9.1 billion in 2021
Banking & Finance
Saudi’s Ministry of Human Resources registers SAR34.7 bn in revenues
Revenue from expatriate fees amounted to 6.86 billion riyals
Markets
Saudi’s Alamar IPO: Offering price range set between 103, 115 riyals
Alamar to raise about 1.2 billion riyals by offering some shares on Tadawul
Logistics
Saudi first to join Amazon’s entrepreneurial program
The program aims to establish logistics start-ups
Banking & Finance
Sheila Alrowaily’s first interview after SAMA’s appointment
"The Kingdom's leadership has promoted Saudi women to many positions"
Economy
Saudi reports $4 bn investment deals in Q1
101 deals to create 5,800 new jobs in the domestic economy
Hospitality & Tourism
Only these residents will be able to visit Saudi without a visa
Domestic workers might be excluded form the visa-free travel scheme
Economy
Annual inflation in Saudi rises to 2.2% in May
Blame the increase in food, beverage, and transportation prices by 4.2%
Logistics
Saudi’s Qoot, Deliverect team up to empower Saudi’s F&B industry
The partnership will help Qoot manage digital orders more efficiently
Hospitality & Tourism
Saudi assesses compensation if delaying, damaging passenger’s luggage
Airline must pay minimum of SAR1,820 and no more than SAR6,000 in such cases
Saudi Arabia
Europe raises demand for Saudi oil amid ban on Russian oil
Saudi’s crude oil production capacity to reach 13.3-13.4 million BPD
Logistics
Saudi signs $1.15 bn infrastructure development projects
Alkhorayef Water awarded four contracts worth $493 mn contracts in Saudi
Health
Saudi getting in on anti-aging movement to the tune of $1 bn a year
Hevolution seeks to extend the health span
Banking & Finance
Sheila Alrowaily, the first woman to serve on SAMA’s board of directors
Increasing share of women in work in MENA could increase the GDP to $2 tn
Banking & Finance
Subsidiary to Saudi PIF buys a $1bn chunk of Embracer gaming group
The games and esports company will hold 8% of the shares
Saudi Arabia
Saudi-backed LIV Golf taking the sports world by storm
Big names. Big money. And a worldwide tour that spans the globe.
Hospitality & Tourism
Riyadh hosts the World Tourism Organization’s annual summit
The event discusses the pandemic's impact on the tourism industry
Hospitality & Tourism
‘Tourism Trailblazers’: a $100mn initiative to train Saudi youth on tourism jobs
Program to provide youths with exceptional tourism experience
Economy
Moody’s affirms Saudi’s credit rating at A1 with a stable outlook
"The government is able to control public finances and financial sustainability"
Economy
Growth in Saudi exceeds expectations, achieves 9.9% in Q1
Results coming from a significant increase in oil activities
Banking & Finance
Profits at top Saudi Arabian banks jump by 17.6% in Q1 2022
Growth attributed to several factors, including a buoyant energy market
Hospitality & Tourism
$1 bln to finance infrastructure projects in Saudi
Saudi to attract 70 million international, local visitors
Banking & Finance
Saudi shows foreign investor appetite and soaring IPOs in Q1 report
Foreign investors rose to historical levels in Q1, with 9,383 new licenses
Banking & Finance
Saudi’s PIF acquires 24% stake in Capital Bank for SAR 695 mln
Total shareholders’ equity raises to SAR 3.2 billion
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