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Saudi Arabia
Saudi Arabia
Riyadh hopes to “reach an agreement with OPEC+
Saudi Energy Minister: World must appreciate value of the alliance
Health
Saudi bans travel to 16 countries over new Covid outbreaks
The list includes Lebanon and Turkey
Markets
Al-Waleed bin Talal sells 17% of “Kingdom Holding” to the PIF
Bin Talal's share in the company's capital declines to 78.13%
Saudi Arabia
Saudi aims to become a leader in adopting AVs
Saudi expects AVs to be available to everyone by 2050
Industry
Saudi to manufacture over 300,000 cars per year by 2030
Expenditure on cars in Saudi reached SAR 40bn in 2020
Saudi Arabia
Saudi at the forefront of threat readiness
Trend Micro blocked 107 million threats in Saudi
Saudi Arabia
ACWA sees profit surge despite supply chain challenges
Profits climbed to SAR151.9 compared to SAR139mn in 2021
Economy
Vision 2030’s media coverage gives Saudi big impetus
Vision 2030 media coverage grew by 74% since 2020
Industry
Lucid secures $3.4bn to set up first EV factory in Saudi
Lucid to produce 150, 000 cars per year in Saudi by 2027
Economy
Capital Economics: The Saudi economy will grow by 10% in 2022
Kingdom's oil production reached 10.35 million bpd in April
Saudi Arabia
Aramco eyes IPO of its trading unit
The listing could raise $30 billion
Saudi Arabia
Saudi’s PIF buys 5% of Nintendo’s shares
The deal makes the fund 5th largest investor in the video game company
Industry
EV sales in Saudi will reach 1.3 million by 2030
Electromin rolls out 100 charging stations for EVs across Saudi
Saudi Arabia
Nonprofit City launches smart strategy
Solutions by stc contracted to implement the strategy
Saudi Arabia
Saudi develops strong ecosystem for entrepreneurship
KAUST attracts 5 global deep tech startups to Saudi
Real Estate
Real estate e-transactions exceed 11bn riyals in Saudi
79K transactions completed since March 2020
Saudi Arabia
$20bn worth of digital asset deals in Saudi in 2021
Saudi will soon witness accelerating adoption of crypto
Saudi Arabia
Saudi seeks to produce 13.4 million barrels of oil per day
Prince Abdulaziz: Oil output depends on what we do in the divided zone
Industry
Saudi’s PIF invests 1.2 billion riyals in the coffee industry
It seeks to boost annual coffee beans production from 300 to 2,500 tons
Economy
Saudi Arabia’s budget achieves highest quarterly surplus in over 6 years
Budget supported by high oil prices
Energy
Aramco’s net income in the first quarter increased by 82%
Al-Rajhi Financial expected Aramco to achieve profits of 136.6 billion riyals
Energy
“SABIC” profits rise in Q1 to the highest level in 2 years
Net profit jumped 33% to 6.47 billion riyals
Hospitality & Tourism
SAUDIA offers new service to enhance the travel experience
It partnered with AMEX Saudi to launch new miles redemption program
Energy
Aramco General Assembly discusses increasing its capital
Several factors to boost Aramco's share prices in coming months
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