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Worldwide
Hospitality & Tourism
Saudi Arabia announces 99 percent growth in tourism hospitality licenses, 107 percent growth in rooms
The total number of licensed rooms has exceeded 443,000 by the end of Q3 2024
Banking & Finance
Saudi Arabia, Vietnam promoting JVs and SMEs through strategic MoU for enhanced trade and investment
The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy
Economy
Saudi Ministry of Industry, UNIDO sign agreement to promote industrial development in Kingdom
The partnership outlines initiatives to transfer advanced technology and modernize industrial processesÂ
MENA
Saudi Arabia, India strengthen ties in communications and space technology
This agreement with Saudi Arabia is TRAI’s 20th bilateral deal, boosting telecom cooperation between India and the GulfÂ
Banking & Finance
PIF-owned AviLease purchases Boeing 787-9 aircraft from BBAM
This transaction marks AviLease's first partnership with BBAM, adding its first Boeing 787-9 on operating lease
Economy
Saudi, Azerbaijan sign MoU for mutual exemption from visa requirements for diplomatic and special passport holders
Both countries explored ways to strengthen bilateral ties and reviewed recent developments in regional and international contextsÂ
Economy
Saudi-Italy bilateral trade hits $10.1 billion as 7,000 Italian firms target Saudi market
The announcement was made at the Saudi-Italian Business Forum at the Federation of Saudi Chambers' headquartersÂ
Economy
Saudi Arabia, U.K. discuss advancing 79 initiatives across 13 sectors and $103 billion bilateral trade
The discussions also covered Saudi Arabia's Vision 2030 and ongoing economic and development reforms
Banking & Finance
Saudi fund to finance $41-million infrastructure rehabilitation project in Dominica
This initiative aims to boost socio-economic growth and improve residents' quality of lifeÂ
Economy
Saudi Arabia, Brazil unite to elevate joint efforts in space science and technology
The agreement details collaboration in space activities, such as science research and remote sensing
Hospitality & Tourism
Wizz Air launches direct route from London Gatwick to Jeddah with Airbus A321XLR
The new London Gatwick to Jeddah route will operate daily year-round, starting 31 March 2025Â
Banking & Finance
IMF commends Saudi Arabia’s progress under Vision 2030: Report
The Fund highlighted resilient non-oil growth in the Kingdom, applauded record low unemployment
Hospitality & Tourism
Saudi Arabia enhances air connectivity with new direct flight route from Riyadh to London
Saudi Minister of Tourism oversaw agreement between Air Connectivity Program and Virgin Atlantic Airlines
Banking & Finance
Saudi fund deploys $20 billion globally in 50 years
800+ development projects have been funded by SFD since inception
Banking & Finance
Saudi Arabia’s PIF strengthens ties with China through $50 billion deals to boost bilateral capital flows
The agreements involve Chinese banks and focus on two-way capital flows through debt and equity
Miscellaneous
Saudi Arabia confident in 2034 World Cup bid, featuring rising football stars
The bid reflects Kingdom’s efforts to achieve the sports goals of Vision 2030
Markets
Oil prices extend losses as U.S. product stockpiles grow, China activity slows
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Markets
Oil prices steady amid caution over rate decision and inflation despite significant inventory decline
Brent oil futures for July delivery held steady at $83.61 per barrel
Markets
Oil prices climb on demand optimism, OPEC+ cuts eyed
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
Markets
Oil prices maintain stability following recovery from 3-month low, investors await inflation data
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
Markets
Oil prices bounce back slightly as traders eye U.S. inflation report, upcoming OPEC+ meeting
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
Markets
Oil prices hover near multi-month lows, poised for weekly decline on rate hike concerns
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
Markets
Oil prices dip amid concerns over prolonged high U.S. rates, weaker demand
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Markets
Oil prices continue downward slide amid rising U.S. stockpiles, jitters over interest rate hikes
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
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