Saudi Arabia

Saudi Arabia records over 1.45 million commercial registrations by end of Q1 2024

The Ministry of Commerce recorded 104,000 registrations and 65,363 permits in Q1 2024

Saudi Arabia gold prices surge as global rate touches record high of $2,304.09

Gold prices have reached new record highs in each session since last Thursday

Saudi Arabia’s startups raise $198 million in March 2024

SaaS providers dominate region's investment landscape

Business activity in Saudi Arabia rises to 6-month high in March, PMI data shows

Non-oil private sector saw a decline in cost inflation for the second month in a row

Saudi Arabia gold prices surge as global rates hit new record high of $2,288.09

While gold stole the spotlight with its record-breaking rally in prices, other precious metals also experienced gains

Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation

Expected financial impact to appear on company's statements starting from Q1 2024

Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts

This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd

OPEC oil output dips in March amid voluntary cuts and export challenges

Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint

PIF-owned SITE teams up with Korea’s AhnLab for advanced cybersecurity solutions in Saudi Arabia

SITE will hold a 75 percent stake in the local joint venture to be set up in the Kingdom

Saudi Arabia’s tourism sector sets new record, foreign visitor spending touches $36 billion

In 2023, Saudi Arabia led the UN tourism list for the growth rate of international tourists compared to 2019

Gold prices in Saudi Arabia remain stable amid stronger U.S. data

Softer U.S. inflation report strengthens bullish sentiment

OPEC Secretary General predicts persistent global demand for oil in the coming years, decades

OPEC believes that the oil industry will need approximately $11.1 trillion by 2045

$13.32 million initiative restores 56 heritage buildings in Historic Jeddah

The project primarily targets showcasing the rich heritage of the Historic Jeddah District

Saudi Arabia introduces green financing framework to drive sustainability

Framework reaffirms Saudi Arabia's position as a regional leader in sustainable finance

More than 1,200 brands ready for franchising in Saudi Arabia: Report

The Kingdom’s franchising market offers over 10,000 business opportunities

Saudi Arabia’s ACWA Power inks $800 million deal with Senegal for desalination project

The plant, known as the Grande Côte seawater desalination plant, will have a capacity of 400,000 cubic meters per day

Saudi Arabia’s Red Sea international airport set to welcome inaugural flight with flydubai service

New twice-weekly service, operated by flydubai, commences from DXB to RSI on 18 April

Abu Dhabi’s TAQA, Japan’s JERA to develop greenfield plant in Saudi Arabia

Project leverages advanced technologies and emphasizes sustainability

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 to lead U.N. forum for women’s rights

The Kingdom's Ambassador Dr. Abdulaziz Al-Wasel becomes first permanent representative to chair committee since 1946

Gold prices in Saudi Arabia surge at market opening, eyes on U.S. inflation data

Globally, spot gold remained stable at $2,195.34 per ounce

First Saudi Green Initiative Day: Celebrating the Kingdom’s commitment to sustainability

The occasion coincides with the initial launch of the Saudi Green Initiative on the same date in 2021

Saudi Arabia sets ambitious goal to rank among top 10 global tourism destinations in 2024

The Kingdom currently holds 940,000 jobs in the tourism and hospitality fields