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Saudi Arabia
Economy
Saudi Crown Prince, Putin underscore need for OPEC+ agreement compliance
Commitment to enhancing trade cooperation, continuity of joint efforts emphasized
Economy
Saudi Arabia’s 2024 budget boosts non-oil growth with increased spending
Non-oil GDP grew by 5.9 percent in 2023
Economy
A hub for economic sustainability: Substantial economic growth at the half-way mark to Vision 2030
Non-oil revenue and female labor force participation saw robust results
Economy
Saudi PIF gets A+ rating amidst economic uncertainties
Fitch Ratings affirms 'A+' rating with stable outlook for kingdom’s investment fund
Markets
Oil prices decline amid rising U.S. crude inventories, record production
Saudi expected to extend supply cuts
Logistics
Saudi’s THC expands fleet, announces new purchase at Dubai Airshow
Delivery of H125 aircraft modified for aerial operations also completed
Logistics
Saudi ports’ container volumes increase 5.31 percent in October
Kingdom strengthens global standing in the maritime transport and logistics services sector
Energy
ACWA Power signs $3.9 billion power purchase contracts
Agreement’s financial rewards expected to materialize after the first half of 2027
Hospitality & Tourism
General Manager Hans Schiller: Hilton Riyadh promises sustainability and exceptional guest experiences
Committed to reducing carbon footprint and supporting Saudi’s tourism industry
Economy
$350 million to support developing countries in Riyadh Expo 2030
Kingdom is committed to providing equal opportunities to all participating countries
Saudi Arabia
Saudi telecommunications companies record profits of $1.5 billion
Driven by increase in subscriptions and digital bank initiatives
Industry
Saudi raises mining sector’s GDP contribution target to $80 bn
Kingdom to host the Future Minerals Forum in January, 2024
Economy
Saudi-African summit kicks off today with multi-million dollar development projects for Africa
$20 bn trade turnover recorded in 2023
Economy
Saudi boosts bid to become region’s corporate hub
More than 180 companies granted licenses to operate in the kingdom
Economy
Saudi PIF boosts Aston Martin stake to 20.5 percent
The sovereign fund awards new shares to Lucid Group
Economy
Saudi foreign direct investment flows have doubled since 2015
Kingdom’s FDI balance reaches $207 billion
Saudi Arabia
Saudi edtech startups leading innovation in education
Ventures that attract significant investment and global recognition
Saudi Arabia
Saudi Arabia signs world-first global declaration on AI
Kingdom tops government strategy index for AI
Markets
Oil prices slide to 3-month low amid weakening demand from U.S. and China
Market focus shifted to supply-demand balance as Middle East concerns ease
Banking & Finance
GCC seals 128 mergers and acquisitions so far this year
UAE and Saudi emerge as key players
Economy
Saudi launches ‘Visiting Investor’ visa to attract investments
The kingdom expands its e-visa program under Saudi Vision 2030
Economy
Saudi non-oil sector records highest employment rate since 2014
Strong demand for production led to increase in employee numbers
Banking & Finance
Saudi Fund’s contribution to Oman’s economy exceeds SAR11 bn over 46 years
Funding implemented across key sectors including water, energy and infrastructure
Saudi Arabia
Saudi rises to second spot in G20, 4th globally for digital readiness
Driven by regulatory reforms, strong digital foundations
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