Riyadh

Saudi banks’ deposits grow 5.9 percent in Q1 2024, outpacing 3.5 percent loan growth: Report

The report shows remarkable growth in operating income (+3.8 percent) mainly on the back of higher fee income

Saudi Arabia issues 127 regional HQs licenses for companies in Q1, up 477 percent YoY

MISA processed during the quarter 445 investor visit visa applications, enabling overseas businesses to explore opportunities

Residential Q1 sales transactions up by 77 percent year-over-year in Riyadh

Prime office rents in Riyadh rose 14.5 percent, while Grade A and B rents increased 11.8 percent and 10.3 percent

Saudi Arabia’s King Khalid airport tops GACA rankings: Report

GACA report assesses 11 operational performance standards to enhance services and traveler experiences

Saudi Arabia set to launch new air carrier later this year: GACA Vice President

The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030

Future Aviation Forum 2024 seals 47 agreements worth $19 billion

The Saudi aviation sector contributed $53 billion to the country's economy and supported around 958,000 jobs nationwide

Aviation sector contributes $53 billion to Saudi GDP: Report

The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector

Saudi Arabia set to increase assets under management to 29.4 percent of GDP by 2024

The Kingdom surpassed 2023 targets with 216 fintech companies in operation and the launch of two digital banks

Saudi Arabia to host 28th World Investment Conference from November 25 to 27

Conference positions Saudi Arabia as global investment hub, promotes its promising business environment

WEF Special Meeting: Developing human capital must be the focus for investment

Collaborative effort is needed to address the energy trilemma of security, equity and sustainability

Riyadh airport introduces e-passport gates at two terminals

First airport in Saudi Arabia to implement biometric e-passport scanners

Saudi Arabia’s greenfield FDI inflows surge over two-fold to $28.78 billion

This figure surpassed the previous peak of $17.57 billion in 2018

Saudi Arabia’s airports excel in complaint resolution: GACA reports near-perfect performance in February

King Khalid International Airport topped international terminals with over 6 million passengers annually

Saudi Cabinet greenlights agreement for setting up IMF regional office in Riyadh

The initiative seeks to enhance the presence and collaborative efforts of the IMF with Arab institutions

Construction begins on Al-Urubah Park, Riyadh’s largest green space project

More than 600,000 trees and shrubs will be planted, covering 65 percent of the park area

Saudi Arabia’s Qiddiya to host Esports World Cup in Gaming & Esports District

The inaugural Esports World Cup is set to take place later this year in Riyadh

LEAP 2024: Takamol Holdings launches $53 million investment fund to empower tech startups

The initiative seeks to advance tech sectors in the Middle East and Africa

LEAP 2024: SDAIA, Samsung collaborate to explore localization of digital technologies and innovations

The deal aims to automatically include Tawakkalna system applications on all Samsung devices in Saudi

LEAP 2024: Saudi Arabia solidifies position as tech and innovation hub with $764 million in investment deals

Aramco Digital, Intel Corp. join forces to launch Saudi's first ORAN development center

LEAP 2024: Ericsson, Mobily boost digital transformation with AI-powered managed services

The two companies extended the managed services partnership for another three years

LEAP 2024: Saudi Arabia bolsters tech hub leadership with $888 million in deals

Investment funds and funding rounds to support innovation and tech entrepreneurship