Banking & Finance

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Islamic banking on the rise, to reach $4 trillion in value by 2026

Gulf Cooperation Council nations lead in global expansion

Saudi’s PIF to buy 10 percent stake in Heathrow airport for $1.27 bn

Ardian, through its infrastructure funds, will acquire 15 percent

Saudi Fund’s contribution to Oman’s economy exceeds SAR11 bn over 46 years

Funding implemented across key sectors including water, energy and infrastructure

OPEC+ meeting, a critical factor in shaping volatile oil prices

Policy-setting gathering moved from November 26 to November 30

Concerns over weak demand spark a decline in oil prices

Reversing Monday’s increase and outweighing potential additional supply cuts

Prices of oil futures increase amid potential deeper supply cuts

OPEC+ has been reducing oil production by 5.16 million barrels per day

New natural gas discoveries unveiled in Saudi 

Al-Hiran gas field confirmed with 30 million cubic feet daily flow

ACWA Power signs $3.9 billion power purchase contracts

Agreement’s financial rewards expected to materialize after the first half of 2027

Workplace wellness: 5 tips for a healthier office environment

Enhancing employee well-being improves organizational performance

Saudi Arabia commits $2.6 million to healthspan science research

11 Saudi researchers selected to receive grants

Saudi launches first oncology pharmaceutical plant

Kingdom unveils three new factories in the pharma, food sectors

Hanan Balkhy: Pioneering as the first Saudi woman appointed as WHO Regional Director

She will assume her duties in the countries of the Eastern Mediterranean region as of Feb. 1, 2024


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Saudi, Italy eye Investments in automotive, mining, and oil sectors

Both countries committed to enhancing strategic autonomy in raw material sector

Saudi Arabia invests $12 billion in metal production

Kingdom seeks to become global leader in aluminum production

Saudi raises mining sector’s GDP contribution target to $80 bn

Kingdom to host the Future Minerals Forum in January, 2024

Saudi explores potential $250 mn investment in Chinese automotive market

PIF contemplates $3 bn purchase of Shanghai-based Human Horizons

Saudi industrial sector’s success increased GDP by SAR340 billion

Industrial establishments up by 50 percent since the launch of Vision 2030

Saudi is manufacturing its future with industry 4.0

Mining industry also a pilar for economic diversification


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Potential use of local currencies for trade between Saudi, Egypt

Feasibility of local currency trade exchange proposed by Saudi Minister

Saudi-Egypt trade surpasses $58 bn in five years

Saudi private sector investments in Egypt reached $35 bn

Saudi’s THC expands fleet, announces new purchase at Dubai Airshow

Delivery of H125 aircraft modified for aerial operations also completed

Saudi ports’ container volumes increase 5.31 percent in October

Kingdom strengthens global standing in the maritime transport and logistics services sector

Dubai Airshow 2023 takes flight today welcoming  over 1,400 participants

Alongside an impressive lineup of 300 international speakers

OPEC+ shocks markets with delayed meeting, fueling speculation on potential causes

Oil prices plunge 4 percent as organization meeting gets postponed

MBC Group plans to float 33.25 mn shares on Saudi’s Tadawul

After securing approval from the Capital Market Authority

Saudi concludes November sukuk issuance at SAR2.67 bn

Kingdom restructured in August SAR35.7 bn of debt instruments

Oil prices record lowest levels in 4 months

5 percent fall due to concerns about global demand


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Riyadh hosts 9th edition of the International Coffee and Chocolate Exhibition

Region's largest trade show to feature investment opportunities in the industry

Economy Middle East explains: Outsourcing for your business

Stay ahead of the competition by tapping into a global pool of talent

Global Media Congress 2023 concludes with record attendance

Insights, innovation, and inspiration to shape the future of media

Abu Dhabi’s Global Media Congress explores challenges, sustainability in the media sector

172 countries convene to discuss environmental media and climate change

The anatomy of a successful CEO: 6 essential traits

From being a forward-thinker to having a sense of purpose

Global Media Congress returns with bigger vision

Last year’s inaugural event gathered around 14,000 attendees

Real Estate

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Saudi housing market resilient despite slowdown

CBRE report highlights robust growth in the kingdom's real estate sector

Saudi’s PIF to invest SAR4 trn in real estate over next decade

Fund targets 60 percent localization in real estate projects from 2025

Knight Frank and Saudi ministry to transform urban spaces in KSA

Strategic alliance seeks to drive investment in kingdom’s public parks

Saudi telecommunications companies record profits of $1.5 billion

Driven by increase in subscriptions and digital bank initiatives

stc Group, Red Sea Global forge strategic alliance to drive digital transformation of Red Sea tourism

Strategic partnership Offers latest communication technologies at tourist sites on Red Sea coast

Moody’s: GCC telecom operators set sights on Europe

e& and stc acquired substantial stakes in leading companies

stc Group achieves record-breaking revenues of SAR54.61 bn

An increase of 9.10 percent compared to September 2022

Charting new horizons: stc group’s biggest-ever 5G network expansion plan unveiled

Company aims to boost the digital economy in Saudi, enhance local content