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Saudi Arabia
Economy
Saudi, UAE allocate $9 bn to support citizens, tackle inflation
Allocations targeted several sectors including food and unemployment
Economy
Saudi appoints two women to senior roles in government
Royal orders included the appointment of two deputy governors of SAMA
Markets
Aramco, stc lead Tadawul’s single-stock futures trading
Single-stock futures will allow for more efficient portfolio risk management
Markets
Saudi’s Alamar sets final IPO price range at SAR 115 per share
The IPO order book was 47.5 times oversubscribed
Saudi Arabia
Saudi embraces a new smart eco-friendly city
Alnama will have 100% renewable energy
Economy
Saudi’s jobless rate falls to lowest since 2008
It registered 10.1 percent at the end of Q1
Hospitality & Tourism
New mega project in Saudi to attract 25 million visitors annually
Saudi planning to develop a trillion-dollar global tourism economy
Economy
Saudi attracts $1.97 bn FDI in Q1
Inflows rose 9.5% compared to the same period in 2021
Economy
The Saudi Cabinet approves a series of new laws
Companies Law facilitates establishment of organizations, encourages bold investment
Banking & Finance
Saudi banking sector Q1 net profit increases 22.83%: KPMG
The banking industry showed a resurgence with an increase in profit of 40.15%
Industry
Saudi contracting sector implements SAR 20 trln projects in 5 years
Saudi contracting firm number reached 165K
Health
Saudi invests SAR 12.75 bn in vaccines, vital medicines
Saudi's vital sector is estimated to have a yearly worth of $2 bn
Saudi Arabia
SABIC launches program to develop EV technology
With a focus on structural battery performance
Economy
Saudi Crown Prince-Erdogan meeting: agreement to develop cooperation
Trade exchange during 5 years amounted to about 103 billion riyals
Economy
Final statement of the IMF mission: The economic prospects for Saudi positive
The Fund expects the Kingdom's GDP to grow by 7.6% this year
Economy
The Crown Prince in Jordan.. Saudi the largest investor with $14 billion
The Saudi-Jordanian Fund is a leap in promoting joint investments
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%
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