business

Specialists from 160 countries to attend 19th Internet Governance Forum in Riyadh in December

The forum will discuss internet policy, share information, and exchange experiences to develop solutions

Saudi Arabia to reap $13.3 billion from Esports and gaming by 2030: Report

Tech and government investments are transforming the Kingdom's esports sector, creating 39,000 jobs by 2030

Jeddah Season 2024 attracts 1.7 million visitors to 52-day cultural and entertainment extravaganza

The season invited visitors to explore Jeddah's historic UNESCO site, preserving 400 years of ancient social life

Cybersecurity contributes $4.15 billion to Saudi Arabia’s GDP in 2023: Report

 The sector reached $3.54 billion in 2023, showcasing remarkable growth

Saudi’s Arabian Mills to offer 15.39 million shares in IPO starting September 1

The final IPO price will be determined at the end of the book-building period

RCF, EVM partner to secure investment for Saudi Arabia’s $1.5 billion lithium chemicals plant project

Plant's first 2 trains to have a capacity of 50,000 tons per annum of high-purity lithium hydroxide monohydrate

Oil demand forecast to reach over 106 million barrels per day in H2 2024, says Aramco chief

Nasser foresees resilient oil fundamentals despite price decline, sees demand growth of 1.6-2 million bpd

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

Saudi Arabia’s MODON secures 9 deals worth $266.47 million to develop industrial cities

The projects include infrastructure development for the third industrial city in Jeddah and the second industrial city in Makkah

Saudi Arabia’s Dammam port sees 37.4 percent container handling growth, manages 1.53 million units in H1 2024

Transshipment containers also surged by 87.87 percent to 37,806 units from 20,124 in 2023

Saudi Arabia’s Diriyah secures $2.13 billion contract to build four luxury hotels, equestrian club in Wadi Safar

The contract has been awarded to a joint venture of two Saudi construction firms, Urbacon and Al Bawani

Saudi Arabia’s POS transactions surge to $2.9 billion amid rise in education spending

Hotel spending also increased, rising by 0.2 percent compared to the previous week to reach SAR270.2 million

Saudi Arabia dominates GCC bond market in H1 2024 with $37 billion in issuances

GCC fixed income markets saw $75.5 billion in primary issuances during this period

Saudi Aramco raises $6 billion in high-demand bond offering, attracting $33 billion in orders

The issuance consists of three tranches of dollar-denominated senior unsecured notes under Aramco's global debt program

Saudi Arabia’s crude oil exports rise 2.51 percent to 6.12 million barrels per day: Official data

Crude oil production increased to 8.99 million bpd, reflecting a monthly rise of 0.08 percent

Saudi Arabia’s unemployment rate stabilizes at 3.5 percent in Q1: GASTAT

The unemployment rate for Saudi females rose to 14.2 percent in Q1 2024, up from 13.9 percent in the previous quarter

Saudi Arabia’s international reserves reach $467.5 billion in May, highest in 18 months

International currency holdings amounted to SAR1.66 trillion, up 6 percent during this period

Saudi Arabia’s tourism sector contributing record $118.4 billion to GDP: Report

The Kingdom’s travel and tourism sector grew by over 32 percent in 2023

Saudi Arabia’s GDP grows 1.4 percent in Q1 2024, non-oil activities up by 3.4 percent YoY: GASTAT

Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter

Saudi NEOM reveals Magna: 12 luxury destinations to contribute over $693 million to Kingdom’s GDP by 2030, create 15,000 jobs

Magna will prioritize cutting-edge technology, world-class architecture, and ultra-modern amenities in line with Vision 2030