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Saudi Arabia
Industry
MISA, China’s Goldenport sign $20 million agreement to drive investments in motor sports, automotive sectors
The deal is part of MISA's commitment to enhancing flexibility in licensing procedures and investor services
Miscellaneous
Saudi Arabia to celebrate Founding Day: A reflection on centuries of historical legacy
Vibrant cultural events nationwide expressing love, creativity, and loyalty
Logistics
Saudi Arabia sees 12 percent surge in non-oil exports in December 2023
China emerges as primary merchandise trading partner
Logistics
Saudi Investment Ministry, French CMA CGM Group forge transport and sustainability partnership
The collaboration supports Saudi Arabia's Vision 2030 Transport Strategy
Logistics
Saudi Arabia fosters cooperation in aviation sector at Changi Aviation Summit 2024
Kingdom deepens ties with Singapore to drive growth in civil aviation
Saudi Arabia
Cisco: Over 90 percent of organizations in Saudi Arabia have an AI strategy in place or under development
82 percent of companies plan to invest in upskilling employees on AI
Industry
PIF-backed Alat signs global agreements to enhance sustainable technology manufacturing
The company seeks to invest $100 billion by 2030 to strengthen the tech industry
Economy
Saudi Arabia signs six MoUs to boost education, investment, and sustainability efforts
The agreements align with the goals of Vision 2030
Markets
Gold prices increase amid Fed rate cut speculation
Investors await Fed minutes for clues on interest rate timing
Saudi Arabia
stc Group records $19.28 billion in revenues for 2023
The Group reported $3.6 billion in net profits
Economy
Saudi Arabia’s strategic reforms propel it to top spots in Kearney’s Global Retail Development Index
This positive development reflects the Kingdom's strategic shift away from oil dependence
Markets
Saudi Arabia’s Aramco plans bond issuance in 2024
Aramco will now be able to capitalize on recent declines in global interest rates
Economy
Saudi Arabia’s GDP soars from $693.27 billion to $1.06 trillion
Saudi Arabia is ahead of targets, Saudi Minister of Investment states.
Economy
Saudi Arabia’s Regional Headquarters Program: What you should know
Benefits include a 30-year tax break
Logistics
Saudi Arabia’s PIF acquires 40 percent stake in Zamil Offshore Services Company
The investment aims to enhance the financial resources of Zamil Offshore
Logistics
Road Quality Index: Saudi Arabia surges to 4th position among G20 nations
The WEF report showcases a substantial leap in the Kingdom's RQI, rising from 5.2 to 5.7
Saudi Arabia
LEAP 2024: Saudi Arabia to host 3rd edition of tech event in March
LEAP 2024 is set to welcome more than 1,800 global tech exhibitors.
Hospitality & Tourism
NEOM and MDLBeast launch mega beach club on $500 billion Sindalah Island project
Mega project launches first destination amidst ambitious transformation plans
Logistics
Saudi Arabia launches $373 million road projects in Makkah
Improving transportation network and serving pilgrims
MENA
Alibaba forges strategic partnerships with local Gulf companies
Chinese E-commerce giant strengthening ties with Saudi Arabia and the UAE
Economy
Saudi Arabia’s inflation remains steady at 1.6 percent in January
Data reveals insights into consumer price trends and wholesale price index
Banking & Finance
Saudi Arabia’s 2023 budget generates $322.6 billion in revenues
Non-oil revenues in 2023 surged by 11 percent YoY
Markets
Saudi Arabia closes February sukuk issuance at $2.09 billion
Issuance was divided into three tranches
Saudi Arabia
Four Saudi cities ranked in the ‘Smart Cities Index’ in 2023
Kingdom aims for 10 Saudi cities in top 50 global rankings
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