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Saudi unemployment plunges to 4.9% in Q2 2023

Saudi unemployment plunges to 4.9% in Q2 2023

The unemployment rate for female citizens fell to 15.7 per cent, from 19.3 per cent a year ago

Aramco acquires stake in EIG’s MidOcean Energy

Aramco enters global LNG market with stake in MidOcean Energy

The energy firm has the option to increase its shareholding and associated rights in the future

InterContinental Durrat Al Riyadh Resort and Spa (Image: Supplied by IHG Hotels and Resorts) 

InterContinental unveils first Riyadh resort

InterContinental Durrat Al Riyadh Resort and Spa recently underwent a SAR45 million refurbishment

Saudia Airlines

Saudia resumes services to Canada in December: Restarts Jeddah-Toronto route

The flights to Toronto Pearson International Airport will commence operations on December 2

Lucid opens Saudi Arabia’s first car production facility

Lucid opens Saudi Arabia’s first car production facility

The new facility will assemble Lucid Airs, with an initial capacity to produce 5,000 units a year

EFG Hermes concludes advisory on Lumi Rental’s $290m IPO

EFG Hermes concludes advisory on Lumi Rental’s $290m IPO

The offering marks EFG Hermes’ fifth IPO this year and is the latest in a series of transactions the investment bank has advised on in the GCC region

SOUDAH PEAKS

Soudah Peaks: Saudi Arabia launches new luxury destination masterplan

The masterplan is designed to offer unparalleled living experience while safeguarding the region’s ecological and cultural treasures

Saudi Arabia’s SAL Logistics IPO could fetch $678m

Saudi Arabia’s SAL Logistics seeks to raise $678m from IPO

The logistics firm set the price range at SAR98 and SAR106 per share, implying a market capitalisation on listing of as much as SAR8.5bn

Marriott announces two new properties in NEOM’s Trojena (Image: Supplied by NEOM)

Marriott announces two new properties in NEOM’s Trojena

It will include Saudi Arabia’s first W Hotel and a JW Marriott property too

Value of MENA’s hotel, residential projects top $1.9tn

Value of MENA’s hotel, residential projects top $1.9tn

The influx of new hospitality and tourism-related projects in the region is fostering new trends that add value and efficiency

Saudi Arabia economy crosses trilllion dollar mark GettyImages-1464744716-1

Saudi economy enters trillion dollar club: report

According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022

Saudi National Day

Saudi Arabia National Day celebrations: Google Doodle, fireworks and air show

Saudi National Day, celebrated annually on September 23, marks the unification of the kingdom

Al Nassr Club presents Ronaldo at a ceremenoy in Marsool Park, Riyadh courtesy SPA

Saudi National Day: Cristiano Ronaldo dons thobe in new Al Nassr video

The video released by his football club features Cristiano Ronaldo and his teammates taking part in the national celebrations

Saudi-Arabia NATIONAL DAY

Saudi Arabia to mark National Day 2023: Date, theme, significance and celebrations

Saudi National Day is celebrated to mark the unification of Hejaz and Najd into  one unified kingdom

UNGA78 climate ambition summit

UNGA78: Dr Sultan Al Jaber at Climate Ambition Summit

The summit was convened by the UN secretary-general Antonio Guterres, and was attended by world leaders, the private sector and civil society

Red Sea International

Red Sea Global celebrates first flight to new airport

The airport, assigned the code RSI, witnessed the arrival of its first flight by Saudia Airlines.

Mohammed bin Salman

Saudi Crown Prince Mohammed bin Salman’s interview with Fox News: US, Israel, golf and more

The interview conducted by TV host Bret Baier touched upon a range of international issues

ADES Holding announces share price on IPO Image courtesy Ades Group

PIF-backed ADES Holding gets $76.5bn in orders for Riyadh IPO

ADES set the final offer price for the offering at SAR13.50 per share, implying a market capitalisation of SAR15.2bn at listing

Saudi’s flyadeal takes possession of 30th aircraft (Image: Supplied by flyadeal)

Saudi’s flyadeal takes possession of 30th aircraft

The 186-seat A320 neo aircraft is offered in a 3-3 all-economy class configuration

Amer Kharbush shines the spotlight on ROSHN’s design philosophy

Exclusive: Amer Kharbush shines the spotlight on ROSHN’s design philosophy

The group’s head of programme and project management tells Gulf Business that MARAFY is an example of the company’s approach to integrated community development

edtech - YaSchools

Edtech: Using technology to connect stakeholders

YaSchools started as a directory that hosted information of about schools but has evolved into a multi-service platform

Saudi Aramco to acquire Chile’s Esmax Distribusción

Saudi Aramco to acquire Chile’s Esmax Distribusción

The transaction will give Aramco access to retail fuel stations, airport operations, fuel distribution terminals and a lubricant blending plant

Jeddah Tower

Jeddah Tower: Construction resumes on world’s tallest tower

It will be a mixed-use building featuring a luxury hotel, office space, serviced apartments, luxury condominiums and the world’s highest observatory

Flynas to begin flights to Addis Ababa from Riyadh and Jeddah (Image: Supplied by flynas)

Flynas to begin flights to Addis Ababa from Riyadh and Jeddah

From next month, the carrier will operate services thrice a week from both Saudi cities to the Ethiopian capital

WhatsApp Channels Global Launch_Image Meta

WhatsApp Channels sees global rollout, includes UAE and Saudi Arabia

Channels is a one-way broadcast feature that allows admins to send text, photos, videos, stickers, and polls to their followers

VFS global passport service offered thru camps Image VFS Global

Saudi Arabia: VFS Global, Indian embassy simplify passport renewal, attestation for Indians

VFS Global will conduct consular camps that offer passport renewal and document attestation services for Indian citizens in the kingdom

ACWA Power Chairman Mohammad Abunayyan

Saudi’s ACWA Power inks clean energy deals with Chinese firms

In the past, the energy company has partnered successfully with Chinese companies in installing the largest wind turbine in Central Asia among other projects

Tanmiah, Ukraine’s MHP invest in poultry value chain

Ukraine’s MHP, Tanmiah invest in Saudi Arabia’s poultry value chain

The partnership is expected to significantly boost food security and self-sufficiency in poultry products in Saudi Arabia

Marriott’s Autograph Collection to open in AlUla (Image: Supplied by Marriott International)

Marriott’s Autograph Collection to open in AlUla

The new hotel is set to open in 2025 and will be located in downtown AlUla